Mon.Jun 17, 2024

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Boomers struggled more than millennials to buy their first homes: Realtor.com

Housing Wire

From rising home prices to rising mortgage rates and inflation , the millennial generation hasn’t had it easy when it comes to homeownership. But new data from Realtor.com shows that millennials aren’t overly burdened in comparison to previous generations. The analysis of historic home prices, income levels and mortgage rates found that baby boomers — Americans between the ages of 60 and 78 this year — “arguably faced the toughest housing market ever for first-time buyers.“ In 1980, when boomers

Mortgages 497
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3 regions top the list of markets most at risk for a slowdown

Real Estate News

ATTOM researchers found that counties around Chicago and NYC, as well as several in inland California, would be the most vulnerable in a housing downturn.

Marketing 272
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Wells Fargo extends $5,000 closing cost credit

Housing Wire

Wells Fargo ’s program that provides up to $5,000 in closing costs for low- and moderate-income families to purchase a home has been extended to an additional 16 metro areas, the bank announced on Monday. The credit is available for borrowers with combined incomes of up to 80% of their area’s median income who are seeking to purchase a home as a primary residence.

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DOJ pushes back on NAR’s rehearing request

Real Estate News

The agency wants to reopen its antitrust investigation into the association, and on June 17 said NAR’s attempt to block that move is not justified.

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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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Exploring the impact of housing on wellbeing

Housing Wire

The importance of housing as a social driver of health cannot be overstated, yet the intricate pathways connecting housing conditions to health outcomes remain inadequately understood. This knowledge gap is particularly impactful for low-income families who face unique challenges in establishing a sense of home. My experience as a pediatrician at WakeMed has shown me firsthand how critical stable, and quality housing is to the health and well-being of children and their families.

Land 467
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It’s time for brokerages, MLSs to settle — or face liability

Real Estate News

June 18 is the deadline for those not covered by the NAR settlement to opt in and pay damages, or risk further litigation in the commissions cases.

Brokerage 239

More Trending

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Tech Bytes: News from Opendoor, Real, Lundy, RealReports

Real Estate News

Opendoor unveils industry-first partnership with My State MLS; Real Brokerage launches curated tools; SWMLS partners with RealReports; CRMLS adds Lundy.

MLS 205
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Realtor.com announces update to buyer’s agency ad campaign

Housing Wire

Realtor.com is extending the reach of its buyer representation advertising campaign, according to an announcement on Monday. As part of this goal, it is launching a “new initiative promoting the benefits of buyer’s agents for individuals in historically underserved and underrepresented communities, including BIPOC, AANHPI, Hispanic, LGBTQ+, first-time, Veteran, and lower-income buyers.

Agents 453
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Do Elections Impact the Housing Market?

Keeping Current Matters

The 2024 Presidential election is just months away.

Marketing 293
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HUD issues $10M in counseling grants to ‘combat homeownership gap’

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) announced Monday the availability of $10 million in new grants to be distributed to 23 HUD-approved counseling agencies nationwide, which will help the department boost homeownership rates within historically underserved communities. Announced Monday morning in Harrisburg, Pennsylvania, by Federal Housing Administration (FHA) Commissioner Julia Gordon , the funds “will support activities by these agencies to prepare and equip prospective

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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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Artificial intelligence is the all-in-1 tool real estate desperately needs

Inman

Using artificial intelligence, the latest technology represents an opportunity for the real estate industry to rebrand itself at a time when solutions are sorely needed, writes Inman founder Brad Inman.

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Offrs Review: Pros & cons, features, pricing, and alternatives

Housing Wire

Want more listings this year? Offrs is a predictive analytics tool that generates listing leads for real estate agents. For over 10 years, they’ve been leveraging big data using a patented artificial intelligence (AI) algorithm that sifts through more than 250 data points to determine which homes and homeowners in your zip code are likely to sell their property in the next 12 months.

Agents 426
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Andy Florance talks Homes.com, the fallacy of ‘pure buyer agency’

Inman

CoStar Group founder and CEO Andy Florance shares the next chapter of Homes.com's $1 billion marketing push and the fallacy of "pure buyer agency" as portals recalibrate their strategies amid a coming commission crunch.

Marketing 189
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loanDepot promotes Viviana Abarca to lead mortgage lending operations

Housing Wire

loanDepot has promoted Viviana Abarca, who has worked for the mortgage lender for the past 11 years, to managing director of mortgage lending operations. Abarca will report directly to president and CEO Frank Martell , the company announced on Monday. Abarca will lead loanDepot’s loan processing, underwriting and closing operations, which in the first quarter of 2024 were responsible for closing $4.6 billion in mortgages, down from $5.3 billion in the previous quarter.

Lending 422
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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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Can REX make a comeback?

Real Estate News

The low-fee brokerage continues to pursue antitrust claims against Zillow as it looks for a chance to start again.

Brokerage 197
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Ginnie Mae seeks venue change in Texas Capital Bank reverse mortgage dispute

Housing Wire

Attorneys representing Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD) submitted a motion to change the court venue where a case with Texas Capital Bank (TCB) is taking place, arguing that a contract clause has been violated by TCB’s choice to file the case in Amarillo, Texas, as opposed to Dallas. This is according to court filings reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

Banks 422
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My No. 1 secret for effective listing conversations without rote scripts

Inman

If scripts feel inauthentic and too "salesy" for your communication style, coach Darryl Davis offers a shortcut to connection and understanding that you can put into practice today.

Agents 175
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After retirement, reverse mortgage pro goes from LO to customer

Housing Wire

After first entering the housing business to sell real estate , Jim Cullen transitioned into the mortgage industry in 1997. It would be a few more years before he made the jump into the reverse lending space, but once he did, he found a business that he connected with until his retirement this year. After most recently serving at University Bank from his home in Wisconsin , Cullen is on the cusp of a new transition — from reverse mortgage originator to reverse mortgage customer, having secured a

Mortgages 414
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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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Millions lost to title fraud in 2023: Onchain solutions curb the issue

Inman

In an era where almost everything can be purchased online with just a few clicks, is it possible to buy high-value assets like antique cars and real estate online? The short answer is, "Yes.

Title 171
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Zillow reaches settlement agreement with MLS defendants in antitrust suit

Housing Wire

Plaintiffs Zillow Group and ShowingTime have reached a settlement agreement with defendants Arizona Regional MLS (ARMLS) and Wisconsin -based Metro MLS in Zillow’s antitrust suit against the multiple listing services. The court was notified of the settlement in a filing on Thursday, but the final terms of the settlement agreement have yet to be announced.

MLS 410
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Finding your fit: Top traits to look for when selecting a brokerage

Inman

Laura Monroe, Inman’s Head of Community, sits down with Court Cunningham, CEO & Founder of Orchard, to discuss brokerage innovations in this new Inman Access class. In today’s competitive real estate landscape, brokerages play a crucial role in equipping agents with the tools and resources they need to thrive.

Brokerage 170
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Former G-Rate employees allege toxic work environment: Chicago Tribune

Housing Wire

Dozens of former employees at Guaranteed Rate say the mortgage lender has fostered a toxic work environment — including verbal abuse, misogyny and bullying — amid the laser focus of its founder and CEO, Victor Ciardelli, on making money and growing the business, according to a report published Saturday by the Chicago Tribune. According to the report, the accusations included Ciardelli, who is described as a “boss who was quick to berate, swear at and demean employees,” mainly when rising interes

HR 408
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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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8 strategies to help entrepreneurs navigate uncertain times

Inman

The only thing certain is change, especially for real estate professionals. Dr. Jeff Richmond shares what it takes to keep stillness and shift your mindset from fear to opportunity.

MLS 171
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Effective Repairs to Make Before Selling Your Home

RIS Media

Selling a home involves more than just listing it on the market. Strategic repairs and improvements can significantly increase your home’s value and appeal to potential buyers. It’s all part of preparing to sell. I will provide detailed guidance on minor cosmetic fixes, major structural repairs and insights into DIY versus professional maintenance.

Marketing 144
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Inman unveils 2024 class of ‘Best of Finance’ award winners

Inman

The awards recognize over 150 individuals and their companies for their innovation and impact in the mortgage and financial services spaces.

Finance 181
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What Are Current DSCR Loan Rates? Key Market Movers and How to Track Rates

Bigger Pockets

DSCR loans have moved at unprecedented rates. Real estate investors navigating the challenging market of 2024—with mortgage rates still at elevated levels—are at an advantage.

Loans 128
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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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Confident in NAR settlement, Payload releases direct-to-buyer billing

Inman

Payload's new tools give agents flexible ways to securely charge and claim funds from consumers that will emphasize flexible methods of payment, transparency, and brokerage-level oversight and reporting.

Brokerage 157
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Understanding San Francisco’s Transfer Tax: A Quick Guide

HomeLight

Selling your home in San Francisco? Understanding transfer taxes is important. Real estate transfer taxes are fees levied by the government when a property changes ownership. In this short guide, we’ll explain how transfer taxes work in San Francisco, detailing what sellers can expect to pay when selling their property. Connect with a Top Agent to Help Maximize Value Even rockstar agents can’t make your tax liability disappear, but HomeLight data shows that the top 5% of agents acros

Title 116
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Report documents culture of harassment at Guaranteed Rate

Inman

A "Chicago Tribune" investigation included accounts from former employees who described accounts of sexual harassment, misogyny and bullying.

Lending 169
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Realtor.com Launches Buyer Agent Initiative for Underrepresented Groups

RIS Media

The home-buying process is complex, but for individuals in underrepresented communities, the hurdles can be even more daunting. To help makes things simpler for many people, Realtor.com® is extending the reach of its buyer representation campaign with the launch of a new initiative promoting the benefits of buyer’s agents for individuals in historically underserved and… The post Realtor.com Launches Buyer Agent Initiative for Underrepresented Groups appeared first on RISMedia.

Agents 119
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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.