Fri.Nov 01, 2024

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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup.

Agents 448
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Portfolio growth, tenant retention help Blanket shine: Tech Review

Inman

Blanket is property management software that centers on portfolio growth rather than reactive, day-to-day oversight of rental properties. It can do the latter, but the former makes it a unique entry to the market worth consideration for anyone who wants become a full-time landlord.

Insiders

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FirstTeam’s Michele Harrington talks innovative recruitment strategies for brokerages

Housing Wire

In this week’s episode of the Power House podcast , host Diego Sanchez sits down with FirstTeam Real Estate CEO Michele Harrington for a provocative conversation about female empowerment, leadership in the real estate industry and recruitment strategies. This interview has been edited for length and clarity. The duo start the conversation by exploring Harrington’s path into the CEO’s role at FirstTeam.

Brokerage 395
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Q&A: How Do Presidential Elections Impact the Housing Market?

Keeping Current Matters

Even if you’re not looking to move right away, you may have questions about how the election will impact the housing market.

Marketing 300
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Introducing the 2024 HousingWire Tech Trendsetters!

Housing Wire

HousingWire is excited to announce the honorees of this year’s Tech Trendsetters award. The Tech Trendsetters are made up of the top product and technology leaders who have been essential in bringing innovative tech solutions to market for mortgage and real estate clients. Similar to the HousingWire TECH100, which celebrates the most innovative companies in mortgage and real estate tech, Tech Trendsetters highlights the individuals who are developing cutting-edge technology and leading inn

More Trending

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Zillow says recent homebuyers are getting creative to combat high mortgage rates

Housing Wire

With mortgage rates moving closer to 7% once again, recent homebuyers are finding creative ways to lock in lower rates. A survey from Zillow conducted between March and September of this year found that 45% of recent buyers — half of whom bought a home in the past year and the other half in the past two years — secured rates below 5%. This comes despite rising mortgage rates and a 115% increase in the typical mortgage payment compared to pre-pandemic levels.

Mortgages 321
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Making your pitch: What sellers want to know

Real Estate News

10 questions every listing agent had better be able to answer, from whether to list on the MLS or offer buy-side compensation to what goes into pricing a home.

MLS 274
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Optimal Blue’s Joe Tyrrell on deciding where to use gen AI

Housing Wire

Editor in Chief Sarah Wheeler sat down with Optimal Blue CEO Joe Tyrrell to talk about how the company decides where to deploy generative AI and why return on investment (ROI) for customers is paramount. Before arriving at Optimal Blue this year, Tyrrell served as president at ICE Mortgage Technology and as chief operating officer at Ellie Mae. This interview has been condensed for length and clarity.

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November Cover Story: Moving Past the ‘Bad Internet’

RIS Media

This time last year, Homes.com made big waves in residential real estate. The portal announced that it had achieved 100 million unique visitors to edge into the No. 2 spot behind Zillow. And that was before their massive marketing campaign kicked off. One year later, Homes.com has clocked a series of jaw-dropping milestones, further strengthening… The post November Cover Story: Moving Past the ‘Bad Internet’ appeared first on RISMedia.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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October jobs report adds to a U.S. economy full of uncertainty

Housing Wire

Unfortunately for the Federal Reserve and voters looking for clarity ahead of next week’s presidential election , the October jobs report paints a murky picture of the nation’s economic status. Data released Friday by the U.S. Bureau of Labor Statistics (BLS) shows that 12,000 nonfarm payroll jobs were added in October, essentially unchanged month over month.

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Second Century Ventures Selects 8 Tech Companies for 2025 REACH Canada

RIS Media

Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, has announced eight companies selected for its 2025 REACH Canada program. These firms operate within a diverse range of market segments and specializations, offering productivity and efficiency solutions for real estate professionals while addressing some of society’s growing housing challenges.

Marketing 111
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Is RE/MAX starting to turn things around?

Real Estate News

Numbers were down, but revenue declines slowed. Leadership painted a cautiously optimistic picture — and presented its point of view on Clear Cooperation.

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The November Issue of Real Estate Magazine Is Now Live

RIS Media

The November issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at the Homes.com business model of “Your Listing, Your Lead,” and how it has taken agents’ business further than before. In addition , we look at United |VPR’s record growth, open… The post The November Issue of Real Estate Magazine Is Now Live appeared first on RISMedia.

Agents 111
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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A Fort Greene Italianate and More to See, Starting at $675K

Brownstoner

Our picks for open houses to check out this weekend are found in Fort Greene, Cobble Hill, Bedford Stuyvesant, and East Flatbush. They range in price from $675,000 to $5,699,999. 51 South Portland Avenue Price: $5,699,999 Area: Fort Greene Broker: Compass (Nichole Thompson-Adams) Saturday November 2, 12-1:30 p.m. See it here -> 35 Douglass Street Price: $4.7 million Area:… Read More > The post A Fort Greene Italianate and More to See, Starting at $675K appeared first on Brownstoner

Marketing 105
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Howard Hanna Real Estate Services Announces Two Strategic Acquisitions

RIS Media

Howard Hanna Real Estate Services (HHRES) has announced two significant mergers that will expand its market reach and reinforce its commitment to client service. In just two days, HHRES has welcomed two firms into Howard Hanna: Big Hill Realty in Dayton, Ohio, and The Alliance Group Realty in Hilton Head, South Carolina. HHRES stated that… The post Howard Hanna Real Estate Services Announces Two Strategic Acquisitions appeared first on RISMedia.

Marketing 105
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Objections fly in against NAR and HomeServices settlement deals

Inman

The proposed settlements seek to cover too many claims for too little money and let too many in the industry have a "free pass," more than a dozen homesellers argued ahead of a Nov. 26 decision.

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Private Residential Construction Spending Rises in September 

Eye on Housing

Private residential construction spending inched up 0.2% in September, according to the Census Construction Spending data. The September report shows a 4.1% rise compared to a year ago. The monthly increase in total private construction spending for September was largely due to more spending on single-family construction. Spending on single-family construction rose by 0.4%.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Elliman’s California business faces lawsuits alleging kickbacks

Inman

The allegations launched by two former employees claim that closing statements had been altered to bump up agent commissions, with a particular bias in favor of the Altman Brothers team.

Closing 167
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Use This Carousel Post Template to Showcase “Proof Over Promise”

BAM Media

“Proof over promise.” That phrase from Sharran Srivatsaa ’s keynote at BAM Mania struck a chord with me. And I’ve been trying to weave it into every part of my business. Today, I want to share how we took that idea and transformed a typical “in escrow” post into something much more impactful—a carousel post that tells the full story of how we secured an escrow.

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Falling rates help boost Fannie and Freddie loan volumes, net worths

Inman

Mortgage giants Fannie Mae and Freddie Mac provided backing for $164 billion in purchase mortgages in Q3, up 10 percent from Q2, while growing combined net worths to $147 billion.

Loans 167
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Will Housing Be Cheaper if the Market Crashes in 2025?

Marco Santarelli

The question of whether housing will become more affordable if the market crashes in 2025 is a complex one, with various factors influencing the potential outcome. A market crash can indeed lead to a decrease in housing prices , as seen historically , but the extent and duration of such a decrease depend on the underlying economic conditions, the reasons for the market downturn, and the response from policymakers.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Using community engagement to build your personal brand

Inman

Investing time and effort into community involvement, The Agency's Rainy Hake Austin writes, is a powerful strategy for personal branding in luxury real estate.

Branding 167
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Today’s Mortgage Rates Increase: November 1, 2024

Marco Santarelli

Today’s mortgage rates reflect a notable increase, with the average rates for different loan types rising compared to last week. This shift means that anyone looking to borrow money for a home will find themselves dealing with a more expensive mortgage. Today's Mortgage Rates Increase: November 1, 2024 Key Takeaways Average rates for major mortgage types have increased this week. 30-Year Fixed Rate: 6.90%, up from 6.80%. 15-Year Fixed Rate: 6.16%, an increase from 6.07%. 5/1 Adjustable Rate M

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Weak jobs, manufacturing reports provide no relief for mortgage rates

Inman

Hurricanes and strikes were expected to dent job creation, and bond market investors are looking ahead to next week's election, Fed meeting and government bond auctions.

Mortgages 158
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Should Real Estate Agents Post Politics on Social Media? Agents Weigh In

BAM Media

The 2024 election is less than a week away, and folks are feeling the tension. And I’m not talking about the housing market right now. I’m talking about the age-old debate that gets louder whenever an election rolls around: “Should you, as a real estate agent, post about your politics on social media?” That’s the question The Broke Agent posted on Instagram and Twitter/X.

Agents 52
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.