Fri.May 31, 2024

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Watchdog report: Institutional investors ‘may have contributed to increasing home prices’

Housing Wire

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess. Large institutional investors typically emerged following a raft of defaults and foreclosures stemming from the 2007-08 financial crisis , putting inventory on the market from 2007-09.

Investor 464
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Top Reasons To Own a Home [INFOGRAPHIC]

Keeping Current Matters

Buying a home has powerful financial and non-financial benefits.

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More sellers are cutting prices as home sales slow

Real Estate News

The share of homes with price drops reached an 18-month high as sellers try to jumpstart buyer interest in stale listings, Redfin reported.

Sales 296
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The role AI has in the future of Housing

Housing Wire

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. Since announcing their new CEO last year, Rocket has revealed more of its strategy through first-ever leadership positions that all carry one big theme — technology is the path to growth.

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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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Homebuyer files appeal challenging Sitzer/Burnett settlements

Real Estate News

A plaintiff involved in the Batton cases filed a brief with the U.S. Court of Appeals on Friday related to the Anywhere, RE/MAX and KW settlements.

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MLSs opt out, work around, push back at new rules: The Download

Inman

MLSs rethink rules and develop new policies in the face of upcoming changes to their ability to post compensation information.

More Trending

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Rates ease as inflation gauge moves in the right direction

Inman

Mortgage rates have some room to come back down in June after PCE price index shows annual inflation easing to 2.65 percent in April, and Q1 2024 GDP growth revised downward to 1.3 percent.

Mortgages 181
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My Flip MUST Check These 5 Boxes—or I’m Walking Away From the Deal

Bigger Pockets

Flipping is all about time and money. If something about the deal doesn't make financial sense or will take too long, I'm not buying.

Marketing 130
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Want a life of luxury? The 10 cities where it’s a relative bargain

Inman

Some luxury markets, especially in dense, pricey coastal cities, have seen little price growth since the pandemic because residents fled those places once they had the option to work remotely.

Marketing 180
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Study: Only 4 States Are Affordable for Typical U.S. Household

RIS Media

It’s no question that affordability is stratified, and as such, housing markets tend to differentiate from state to state. According to a recent analysis by Clever Real Estate, the median household can only afford the typical home in four states: West Virginia, Ohio, Iowa and Indiana. The latest homeowner affordability data is based on the… The post Study: Only 4 States Are Affordable for Typical U.S.

As-is 127
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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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Daniel Daggers on ‘Buying London,’ commission view across the pond

Inman

The founder of London-based luxury firm DDRE Global and star of the new Netflix series "Buying London" recently spoke with Inman about the show's so-far icy reception and how he thinks the commission lawsuit settlements will change the industry.

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Inflation Numbers Show Little Progress; Interest Rate Cuts May Have to Wait

RIS Media

The personal consumption expenditures (PCE) price index increased 0.3% in April, the Commerce Department reported on May 31, matching a similar gain in March. It’s not a wholly positive sign for those hoping that the U.S. central bank will cut interest rates soon, as it suggests the elevated pace of price increases could last longer… The post Inflation Numbers Show Little Progress; Interest Rate Cuts May Have to Wait appeared first on RISMedia.

Banks 126
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Proposed law in Cleveland could take 44% of Airbnbs off the market

Inman

The law aims to ban all short-term rentals that have minimum stays of 30 nights and require owners to register their rentals with the city.

Marketing 150
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Zombie Foreclosures Shrink This Year, Posing Little Threat to Most American Neighborhoods

RIS Media

ATTOM’s latest second quarter 2024 Vacant Property and Zombie Foreclosure Report showed that there are nearly 1.3 million vacant residential properties in the U.S—the same as the first quarter of 2024. The report also indicated that 237,208 residential properties nationwide are in the process of foreclosure in this year’s second quarter, down 2.3% from Q1,… The post Zombie Foreclosures Shrink This Year, Posing Little Threat to Most American Neighborhoods appeared first on RISMedia.

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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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‘It’s Up to the Women’: The future of real estate is in your hands

Inman

With lessons gleaned from Eleanor Roosevelt's Depression-era book, Rachael Hite offers the pep talk you need to take your future, and the future of the real estate industry, into your own two hands.

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Mortgage Mix: Mortgage Rates Rise; CFPB Launches ‘Junk Fee’ Inquiry

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. –Mortgage rates ticked back up above 7% after weeks of declines, according to the latest data from Freddie Mac. The 30-year fixed-rate mortgage (FRM) averaged 7.03%, up from 6.94% last week, and the 15-year FRM… The post Mortgage Mix: Mortgage Rates Rise; CFPB Launches ‘Junk Fee’ Inquiry appeared first on RISMedia.

Mortgages 121
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Luxury’s back, baby: It’s Inman’s Top 5

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 132
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Deciphering Portal Info and Traffic Patterns: What Means What, and to Whom?

RIS Media

When two competing corporations face off aggressively and publicly, it can often make for great theater, which is what’s happening in the residential real estate realm. Realtor.com® and Homes.com have taken to launching broadsides at each other as the two portal giants battle for second place behind Zillow for home-search site-traffic supremacy. But as with… The post Deciphering Portal Info and Traffic Patterns: What Means What, and to Whom?

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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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Fannie and Freddie: Single Family Serious Delinquency Rate Decreased in April, Multi-family Increased Slightly

Calculated Risk Real Estate

Single-family serious delinquencies decreased in April, and multi-family serious delinquencies increased slightly. Freddie Mac reported that the Single-Family serious delinquency rate in April was 0.51%, down from 0.52% March. Freddie's rate is down year-over-year from 0.61% in April 2023. This is below the pre-pandemic lows. Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic.

Staging 117
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June Cover Story: Partnering for Success

RIS Media

Above, Jason Mitchell Forget the traditional real estate agent model. The Jason Mitchell Group has built a different kind of brokerage with strategic referral partnerships at its center. In the process, JMG is scaling its growth, redefining the agent-client relationship and showing why its model is the real estate brokerage of the future. The real… The post June Cover Story: Partnering for Success appeared first on RISMedia.

Brokerage 119
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We Buy Houses Spring: Top 5 Companies

HomeLight

If you’re a homeowner in Spring, Texas, who needs to sell your home in a matter of days, you might want to consider working with a We Buy Houses company. These companies specialize in making fast, cash offers on homes in almost any condition. Whether you’re downsizing your property due to retirement, forced to relocate unexpectedly because of a new job, or stuck with a burdensome inheritance, these companies can be a great alternative to the traditional real estate market.

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Following Merger, Tampa Now Home to 6th-Largest REALTOR® Association in the U.S.

RIS Media

Two of the nation’s fast-growing REALTOR® associations have announced that their members voted and approved a unification that forms the third-largest local REALTOR® association in Florida, and the sixth-largest association in the nation. The Pinellas REALTOR® Organization (PRO/CPRO) and Greater Tampa REALTORS® (GTR) will merge to become Tampa Bay REALTORS® (pending NAR approval), serving over… The post Following Merger, Tampa Now Home to 6th-Largest REALTOR® Association in the U.S. appear

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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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Property Encroachment: What It Means to Home Sellers

HomeLight

If you’re a homeowner or planning to sell your home in the future, property encroachment is an issue you can’t afford to ignore. It can lead to disputes and complications down the line. Identifying and addressing encroachment early can save you from potential headaches, legal battles, and devaluation of your property. Get Assistance Selling a House With an Encroachment A property encroachment can complicate a home sale, but it doesn’t have to derail it entirely.

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Coldwell Banker Agents and Teams Honored in 2024 REAL Trends “The Thousand” Ranking

Coldwell Banker

The post Coldwell Banker Agents and Teams Honored in 2024 REAL Trends “The Thousand” Ranking appeared first on Coldwell Banker Blue Matter.

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We Buy Houses South Bend: Top 5 Companies

HomeLight

If you need to sell your South Bend home quickly, you might be considering working with a We Buy Houses company. These companies make all-cash offers for homes, even those that need some work. This can be useful if you lack the time, expertise, or funds for repairs. If you’re faced with a sudden change in circumstances, such as an inheritance or the need to relocate for a new job, the ability to sell your home in a matter of days could be a lifesaver.

Closing 116
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A Bay Ridge Row House and More to See, Starting at $1.575 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Bed Stuy, Carroll Gardens, and Bay Ridge. They range in price from $1.575 million to $2.495 million. 115 Bainbridge Street Price: $2.495 million Area: Bed Stuy Broker: Compass (Michaela Morton, The Jane Advisory) Sunday June 2, 12-3 p.m. See it here -> 15 Dennett… Read More > The post A Bay Ridge Row House and More to See, Starting at $1.575 Million appeared first on Brownstoner.

Marketing 103
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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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Escrow Costs Revealed: Sellers May Pay These Fees at Closing

HomeLight

During escrow, a neutral third party safely transfers funds and key paperwork related to the transaction between the buyer and the seller; this includes the buyer’s earnest money , real estate fees, loan fees, third-party payments, and your profits as the seller. In exchange for this service, the escrow company charges a fee. According to licensed escrow agent Martin Orefice from Rent to Own Labs, escrow fees typically cost between 1% to 2% of a home’s final sale price.

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The Rise of Luxury Living: Current Trends in Condo Amenities

Coldwell Banker

Condominiums have long been a great housing option, especially in urban areas, and today’s upscale amenities are only increasing buyer demand. With luxury features and a plethora of services, the modern condo has become much more than just a living space – it is a curated experience offering the perfect blend of convenience, community and […] The post The Rise of Luxury Living: Current Trends in Condo Amenities appeared first on Coldwell Banker Blue Matter.

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We Buy Houses Santa Ana: Top 5 Companies

HomeLight

Selling your Santa Ana property can be difficult, especially if it needs repairs and time is a factor. We Buy Houses companies in Santa Ana offer an alternative to selling via the traditional real estate market. These companies cater to homeowners who lack the time, expertise, or money to prepare their homes for the market, letting property owners sell in a matter of days.

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No, Cash is Not King—You Can Do Way More and Way Better With Financing

Bigger Pockets

You hear it all the time on BiggerPockets Forums, podcasts, local meetups, from gurus, etc. It must be true if everyone says it is: “Cash is king.

Finance 101
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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.