Thu.Jun 13, 2024

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Opendoor announces partnership with My State MLS

Housing Wire

Opendoor has partnered with nationwide multiple listing service My State MLS to equip more than 60,000 agents in each of the 50-plus markets Opendoor serves with access to the iBuyer’s cash-offer solution. My State MLS is a nationwide multiple listing service that allows members to list and search properties anywhere in the U.S. According to a news release, through the partnership, My State MLS agent members will be able to receive estimated cash offers on qualifying properties within minutes to

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Mortgage rates decline for a second week, boosting applications

Real Estate News

Buyers have more inventory to choose from, but the uptick in demand could be short-lived as the lock-in effect and price growth continue to stymie sales.

Mortgages 298
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When will the Fed’s moves alleviate the lock-in effect?

Housing Wire

Federal Reserve Chairman Jerome Powell told reporters on Wednesday that the U.S. housing situation is a “complicated one” and that “bringing inflation down” is the best thing officials can do to help. Cooling inflation will eventually allow the Fed to cut rates and alleviate the current lock-in effect , but this process will take longer than previously estimated. “The housing situation is complicated.

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Nick Bailey: 5 lessons for leaders of public real estate companies

Real Estate News

Bailey, the former CEO of RE/MAX, discussed the keys to success when leading a business that is accountable to both customers and shareholders.

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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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Real estate firms may be on the hook for wire fraud losses: CertifID

Housing Wire

With the number of instances of wire fraud continuing to rise , many victims are turning to court to seek damages after a large portion of their life savings or business liquidity was stolen by scammers. According to a report published Thursday by wire fraud prevention firm CertifID , real estate agents , brokers and title companies are increasingly being held accountable if a consumer loses money.

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Homebuilders Aren’t Overbuilding, They’re Catching Up

Keeping Current Matters

You may have heard that there are more brand-new homes available right now than the norm.

Branding 299

More Trending

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'Unfiltered' podcast: What clients want, and how to deliver it

Real Estate News

Watch the conversation with strategist Jay Baer as he explains how to create better client outcomes by avoiding common pitfalls and “yesterday’s thinking.

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New homes remain in demand as mortgage applications rise in May

Housing Wire

New-home purchase mortgage applications rose 1% month over month and 13.8% year over year in May, according to data released Thursday by the Mortgage Bankers Association (MBA). The data is derived from the trade group’s survey of homebuilders. The MBA also estimated that sales of new single-family homes reached a seasonally adjusted annual rate of 702,000 in May, up from 699,000 in April for the strongest pace since October 2023.

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Quiana Watson almost got burned by the tea — but knows better now

Inman

The luxury broker has come a long way from her start in a small town in North Carolina. From property manager to agent to broker-owner and reality TV star, the journey has blessed her with knowledge.

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South River president on reverse mortgage business, data science and priorities

Housing Wire

According to the most recent Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), Annapolis, Maryland-based South River Mortgage is the ninth-largest reverse mortgage lender in the country with 496 endorsements in the 12-month period ending May 31. After hitting milestones in recent years, including a rollout of a proprietary reverse mortgage product and transitioning from a broker to a direct lender , company president Tyler Plack is determined to co

Mortgages 457
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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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The key to fixing the world’s home affordability mess is in front of us

Inman

The one-two punch of government action and private sector innovation is the right formula for fixing the affordable housing mess, which has grown into a global epidemic, writes Brad Inman.

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Amazon commits additional $1.4B to affordable housing fund

Housing Wire

Online retail giant Amazon announced this week that it is committing an additional $1.4 billion to its Housing Equity Fund that will go toward the creation and preservation of roughly 14,000 affordable housing units across three major metropolitan areas in which it maintains a corporate presence. The funds — to be invested in the metro areas of Seattle , Nashville and Arlington, Virginia — will bring the total investment fund to $3.6 billion and 35,000 housing units since its inception in 2021,

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Corcoran rolls out new AI software to help agents market listings

Inman

The new platform, Corcoran Copilot, is integrated with Corcoran's listing databases and will initially help agents with developing materials like listing descriptions and video scripts.

Agents 174
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NAHREP recognizes top 250 Latino mortgage originators

Housing Wire

The National Association of Hispanic Real Estate Professionals (NAHREP) this week released the 10th edition of its annual Top 250 Latino Mortgage Originators rankings, honoring the top-performing Latino mortgage originators across the country. For the second year running, DHI Mortgage earned the top position in the report among all companies, followed by Guaranteed Rate and CrossCountry Mortgage , respectively.

Mortgages 443
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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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Mortgage rates have more room to fall on 2 new economic reports

Inman

Key Fed inflation metric expected to drop June 28 following unexpected decline in May wholesale prices and jump in jobless claims to highest level since August 2023.

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NAF rebrands initiative designed to boost Black homeownership

Housing Wire

Multichannel mortgage lender New American Funding (NAF) announced this week the relaunch of its initiative designed to recruit, educate and expand loan officer understanding around issues faced by borrowers of color as “ NAF Black Impact.” This replaces the previous branding, “NAF Dream,” to emphasize a corporate commitment to “taking direct, action-oriented steps to address credit accessibility and promote sustainable and equitable homeownership for Black individuals and communities,” the compa

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Broker Spotlight: Robert Rahmanian, REAL New York

Inman

Find out how this real estate broker's son carved out his own place in the New York real estate landscape "through bootstrapping and dedication.

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Mortgage underwriting algorithm at heart of Wells Fargo’s racial disparity lawsuit

Housing Wire

Wells Fargo ‘s internal credit-scoring algorithm is at the center of a lawsuit that plaintiffs say resulted in more than 100,000 disparately impacted minority applicants. The lawsuit stems from a 2022 Bloomberg investigation that found Wells Fargo was the only large bank to deny more Black applicants than it accepted in 2020 during the refinancing boom.

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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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Assault allegations mount against Oren Alexander and twin brother

Inman

Nearly 30 alleged victims have come forward in the last week. Reddit users in New York and Miami also claimed that the brothers' violence against women had been "an open secret" for years.

Agents 154
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Judge approves Rocket’s $3.5M settlement over unpaid employee overtime

Housing Wire

A judge in Arizona has approved a $3.5 million settlement agreement between Rocket Mortgage and current and former employees who alleged in a class-action-seeking lawsuit that the company did not provide sufficient overtime pay, according to court documents reviewed by HousingWire. U.S. District Court Judge Douglas L. Rayes mentioned in the decision that the agreement “was reached through arms-length negotiations with the assistance of a retired federal judge who served as a mediator.̶

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Teams Spotlight: Carmenate / Duchon at The Corcoran Group

Inman

Discover how Eloy Carmenate and Mick Duchon, renowned for their extensive experience and success in the Miami Beach real estate market, seamlessly blend a passion for world-class design with a global client reach.

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Common HOA Disputes and Resolution Processes

RIS Media

Homeowners’ Association (HOA) disputes are common in community living. Resolving them efficiently is crucial for maintaining harmony. I will provide advice and tips on the following: Definitions of common HOA disputes and resolution processes Step-by-step guides on internal dispute resolution procedures Information on alternative dispute resolution (ADR), including mediation and arbitration Legal requirements and state-specific… The post Common HOA Disputes and Resolution Processes a

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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.

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Low splits or high 1099s: Why agents should join a team

Inman

Verl Workman explains how the leverage a team provides can result in higher overall earnings for team members vs. those who go it alone.

Agents 168
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Mortgage Rates Continue to Move Down

RIS Media

On the heels of the Fed standing firm on keeping its benchmark rate unchanged, mortgage rates trickled down again this week, with the 30-year-fixed rate mortgage averaging 6.95%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. The move marks another step down after dropping to 6.99% the previous week. … The post Mortgage Rates Continue to Move Down appeared first on RISMedia.

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Tom Ferry: ‘The NAR settlement is a once in a lifetime opportunity!’

Inman

Jimmy Burgess and Tom Ferry talk industry changes and offer a selection of scripts that are really working right now.

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Understanding San Diego’s Transfer Tax: A Quick Guide

HomeLight

Selling your home in San Diego? You’ll want to understand transfer taxes —fees paid when property ownership changes hands. These taxes are based on your home’s sale price and can add up quickly. In this short guide, we’ll explain how transfer taxes work in San Diego and what you can expect to pay. We’ll cover who pays these taxes, the types you might encounter, and specific costs at the state, county, and city levels.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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HappyCo expands property management offer with API library

Inman

Property management software provider HappyCo has unveiled a collection of APIs available to customers to further customize their installation.

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How to Collect Rent from Tenants: The Landlord’s Ultimate Guide to Rent Collection

Bigger Pockets

Learning the art of rent collection is crucial for running a successful rental business. Implementing efficient, effective rent collection strategies can minimize stress, improve cash flow, and help maintain a positive relationship with your tenants.

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Rental screener Findigs closes on $27M Series B funding round

Inman

Rental industry software provider Findigs has raised $27 million in a Series B round, bringing its total raised to date to $48 million.

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How to Find Cash Home Buyers in The Woodlands for a Hassle-Free Home Sale

HomeLight

Finding a cash buyer might be the ideal solution for Woodlands homeowners needing to sell their homes fast. Cash home buyers offer an easier and faster process than transactions via the traditional market. The Woodlands market attracts out-of-state and local investors. This guide will walk you through finding and selling to cash home buyers in the Woodlands, helping you achieve a fast sale.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.