Mon.Jan 13, 2025

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More home sellers but fewer home sales

Housing Wire

There were 45,000 new listings for single-family homes across the country this week, which is a big jump. That’s 12% more sellers than a year ago. This is the trend that will be the theme for 2025. It seems more sellers are coming out every week and that will keep inventory pushing upward. Mortgage rates pushed this week close to 7.25%. Its only two weeks into January and mortgage rates have hit the high end of the range we forecasted for the entire year.

Sales 359
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Supreme Court denies NAR request to review DOJ case

Real Estate News

The decision is a blow for the association, which has spent years trying to prevent the Justice Department from reopening its investigation into NAR policies.

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California wildfire victims could have up to 12 months of mortgage forbearance

Housing Wire

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are aiming to remind homeowners and renters impacted by the ongoing wildfires in Los Angeles of various relief options. These include forbearance and other payment deferral plans, as well as disaster recovery counseling programs through the U.S. Department of Housing and Urban Development (HUD).

Mortgages 369
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How Much Home Equity Have You Gained? The Answer Might Surprise You

Keeping Current Matters

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner?

Equity 245
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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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Mr. Cooper announces retirement of Xome CEO Mike Rawls

Housing Wire

Mr. Cooper Group named former vice chairman and President Chris Marshall as the new CEO of subsidiary real estate solutions firm Xome. Marshall will replace former CEO Mike Rawls, who is set to retire effective June 30. Marshall will work will Rawls over the coming months to ensure a smooth transition of power, the company explained. He will then collaborate with Xome’s leadership team to focus on market share and new revenue opportunities going forward.

Banks 332
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ADUs take center stage as Los Angeles housing goes up in smoke

Inman

As wildfires rage across California, destroying over 9,000 homes and displacing thousands of residents, accessory dwelling units (ADUs) have emerged as a critical housing solution five years after being approved in Los Angeles.ADUs, also known as granny flats, in-law apartments, or casitas, are independent living spaces attached to or located on the same property as single-family homes.

Staging 158

More Trending

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What buyers are looking for in their next home

Real Estate News

In a recent survey, would-be buyers were most interested in finding a turnkey home close to work, but they're willing to compromise on some features.

Closing 160
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eXp must provide Gibson court with settlement negotiation docs

Housing Wire

Although eXp World Holdings i s hoping to move past the commission lawsuits thanks to the proposed nationwide settlement it negotiated with the Hooper suit plaintiffs in Georgia, other courts are not so sure. Last Wednesday, Judge Stephen R. Bough, who oversaw the Sitzer/Burnett trial and is also overseeing the Gibson suit, ruled after oral arguments that eXp must turn over all documents related to the negotiation of its settlement by this coming Wednesday, Jan. 15.

Brokerage 338
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Clear Cooperation, embraced by agents, divides real estate clients

Inman

In a world without Clear Cooperation, real estate agents who believe in the value of multiple listing services would have more convincing to do, an Intel survey of 3,000 US consumers finds.

Agents 157
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Expired listings: A Realtor’s goldmine

Housing Wire

Expired listings can be a goldmine of opportunity for Realtors. What I love about expireds is that they wanted to sell, and they were willing to work with an agent. Many sellers of expired listings are still motivated, despite their previous setbacks and often relist within 18 months. What is your mindset around working expireds? They are mean. Their price was way too high.

Agents 343
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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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The time to prepare for a potential disaster is NOW

Inman

No one can predict exactly where the next major disaster may strike, so the time to prepare is now, trainer and author Bernice Ross writes.

Brokerage 155
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How do you put a price on the wildfire damage in LA?

Housing Wire

Youre bound to find variability in the total cost estimates related to the damage and destruction caused by the wildfires in Southern California , but some of the variations are exacerbated by what is included versus what is excluded in these estimates. According to CoreLogic , the total damage cost estimate for the Los Angeles wildfires as it relates to insured properties is currently at $30 billion.

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Trends 2025: The ‘New Way’ to make the new rules work for you

Real Estate News

The NAR settlement has changed the way compensation is communicated, but getting real with clients can ensure that deals get done and agents get paid.

Agents 146
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Where the Los Angeles housing market stands and where the wildfires could take it

Housing Wire

The wildfires in Los Angeles have caused unspeakable damage, heartbreak and loss of life. As of Monday, the five major fires have burned about 60 square miles in the LA area and 24 people have been killed. While the current focus is rightfully on containing the blazes and protecting residents, its worth taking stock of where housing markets stand in the affected parts of the Los Angeles metro area.

Marketing 221
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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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10 FREE tools every real estate agent should check out for 2025

Inman

This year isnt about working harder its about working smarter, coach Darryl Davis writes. Its about learning new skills and fine-tuning your solutions.

Agents 143
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Danielle Dowell shares her secret for building a high-powered real estate team

Housing Wire

In this week’s episode of the Real Trending podcast, host Tracey Velt is joined by Danielle Dowell, leader of The DoWell Group at Berkshire Hathaway HomeServices in Chicago. During the conversation, the duo discuss traditional real estate team structures, offer unique resources for new team members and cover future trends in the real estate industry.

Agents 221
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Countdown to Connect: Spotlight on Agent Connect

Inman

Inman Connect New York is renowned for gathering the brightest minds in real estate, offering unparalleled access to expert insights and networking opportunities. This January, join industry leaders at the Hilton Midtown for transformative discussions on technology, branding, and market strategies to propel your business into 2025. Discover how to leverage this premier event to enhance your professional growth and adapt to the ever-changing real estate landscape.

Agents 145
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Fairway eyes reverse mortgage expansion in 2025

Housing Wire

Fairway Independent Mortgage Corporation , a large mortgage lender and a top 10 lender in the reverse mortgage industry , will aim to expand its focus on its reverse mortgage arm in 2025 owing to the efforts of David Lazowski, the companys new president of national recruiting and growth. Emboldened by its efforts in the purchase mortgage arena and hoping to replicate it with its use of the Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P) program, Fairway is seeking to expand its rever

Mortgages 221
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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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Supreme Court denies NAR’s appeal request in DOJ case

Inman

The Supreme Court didn't explain its reasoning for the decision, which will now allow the Department of Justice to reopen its investigation into the association's cooperative compensation rule.

MLS 133
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loanDepot promotes Bart Evans to Southeast regional vice president

Housing Wire

Top 20 U.S. mortgage lender loanDepot announced the promotion of regional sales director Bart Evans to regional vice president for the Southeast region. Evans will help manage retail business in states like Alabama , Arkansas and Tennessee. He will report directly to senior vice president of production Paul Ramos. The new regional vice president brings a bit more to his role than executive mortgage experience.

Lending 221
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7 Time-Wasting Traps Real Estate Agents Fall Into (and How to Avoid Them)

RIS Media

In the fast-paced world of this business, it feels like theres always something demanding your attention. But lurking in the background are those sneaky time-wasters that rob you of productivity and, ultimately, success. While mastering time management may sound easy, its actually one of the hardest skills to nail down, especially when agents find themselves… The post 7 Time-Wasting Traps Real Estate Agents Fall Into (and How to Avoid Them) appeared first on RISMedia.

Agents 98
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Cyberbacker CEO arrested for giving 8-year-old son edibles

Inman

Former Keller Williams team leader and virtual assistant company CEO Craig Goodliffe is facing child endangerment and intoxication charges after officers found nine boxes of marijuana in his home.

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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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Supreme Court Denies NAR Appeal Against DOJ Investigation

RIS Media

Editor’s Note: This story was updated at 12:05 p.m. on Monday, Jan. 13 with a comment from NAR. The National Association of REALTORS (NAR) appeal to the Supreme Court to block the Department of Justices (DOJ) investigation was denied today without comment, allowing law enforcement to continue with its inquiry into NAR rules and practices.… The post Supreme Court Denies NAR Appeal Against DOJ Investigation appeared first on RISMedia.

MLS 98
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LA agents implore government to pause ULA Tax in wake of wildfires

Inman

Authored by Jason Oppenheim and Ben Belack, the letter, signed by 45 agents, also asks government officials to increase California FAIR Plan wildfire insurance coverage, make an exception for building codes, pause property taxes and more.

Agents 88
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Brokers in Three States Suing NAR or Local Associations With Discrimination and Antitrust Claims

RIS Media

A recent lawsuit filed in Louisiana is taking direct aim at the National Association of REALTORS (NAR), the Louisiana REALTORS Association and several local groups, alleging antitrust violations, discriminatory practices and restrictive tying arrangements. The case, filed by four Louisiana agents and brokers, echoes similar concerns about equity and competition within the real estate industry… The post Brokers in Three States Suing NAR or Local Associations With Discrimination and Antitrus

Equity 97
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Feds find explicit hard drive at Tal Alexander’s NYC apartment

Inman

The incriminating evidence gives new weight to the dozens of allegations Tal and his brothers, Oren and Alon, have received in the last several months claiming that they serially raped and sexually assaulted women.

Agents 88
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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.

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‘Welcome to Courtroom 7B:’ Burnett Judge Lambasts eXp, Weichert Settlement Negotiations

RIS Media

A $34 million settlement struck by mega-brokerage eXp and a separate $8.5 million deal agreed to by Weichert have been thrown into significant doubt after Judge Stephen R. Bough, who oversaw the Burnett case, expressed major reservations about the process of the negotiations, ordering both brokerages to turn over documents and communications for his review.… The post Welcome to Courtroom 7B: Burnett Judge Lambasts eXp, Weichert Settlement Negotiations appeared first on RISMedia.

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6-year Restb.ai study: white kitchens, islands dominate

Inman

In its latest study of homes for sale analyzing six years of kitchen pictures, AI company Restb.ai learned that white kitchens with islands are the market's most sought-after, among other regional findings.

Sales 88
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What Happens When the Smoke Clears? LA’s Rental Market in Crisis

BAM Media

Weve all seen the inspiring stories of people stepping up to help during the LA wildfires. Some shelters are overflowing with volunteers, and donations have poured in to support those in need. But with evacuation orders for hundreds of thousands of residentsand more than 12,000 structures destroyed (at the time of this writing)one of the biggest long-term challenges is housing.

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2025’s Massively Overlooked Real Estate Investing Opportunities

Bigger Pockets

There will be some huge changes to the real estate market not only in 2025 but through 2028.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.