Housing Wire
JANUARY 5, 2024
The National Association of Realtors saw its membership numbers drop 1.11% during the last month of the year, as 17,489 former members let their membership lapse. Year-over-year, from Dec. 31, 2022, and Dec. 31, 2023, NAR lost 26,367 members, a 1.67% annual decline, according to NAR’s monthly membership report. The trade group closed out 2023 with 1,554,604 members.
Real Estate News
JANUARY 5, 2024
The impact of artificial intelligence covers a wide range of territory — from consumer engagement to property valuation — as the real estate landscape shifts.
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Housing Wire
JANUARY 5, 2024
Slowing job growth doesn’t mean a recession, but today’s jobs report tells me that the significant job gains we were accustomed to in the early part of the COVID-19 recovery period are ending, which ties nicely to how I thought labor would recover after COVID. Even though the headline number on the report today beat estimates, we are entering a new phase of the economic cycle, which means you need to know where to look to get clues for a recession.
Keeping Current Matters
JANUARY 5, 2024
Planning to buy a home in 2024? Here’s what to focus on.
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.
Housing Wire
JANUARY 5, 2024
Top-10 mortgage lender Guaranteed Rate has filed a lawsuit against retail rival New American Funding over poaching. But this isn’t your standard poaching lawsuit: G-Rate alleges that NAF has wooed at least 30 employees since early 2023 via illegal loan officer compensation practices. Despite the rise in poaching lawsuits in a competitive market, it’s the first time a large lender has publicly accused a competitor of violating the LO comp rule by allowing their salesforce to manipula
Inman
JANUARY 5, 2024
Armed with the latest research, Rachael Hite talks with Glennda Baker about choosing sobriety in an industry that is always ready to party and why drinking is so harmful for women.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
JANUARY 5, 2024
Rajeev Sajja and Jimmy Burgess offer a four-step formula for making your ChatGPT input the best it can be, so you get the results you really want.
Housing Wire
JANUARY 5, 2024
On Jan. 26, HousingWire will host a virtual debate between Michael Ketchmark, the plaintiffs’ attorney in the Sitzer/Burnett commission lawsuit, and Anthony Lamacchia , CEO of Lamacchia Realty and an outspoken advocate for Realtors, to discuss the arguments and the outcome of the trial. The recent landmark decision in the Sitzer/Burnett case included multi-billion dollar penalties for the National Association of Realtors , HomeServices of America and Keller Williams and spawned more tha
Inman
JANUARY 5, 2024
From collaborating with Wiz Khalifa to scene stealing on Amazon Prime's "Twin Love," siblings Krish and Akash Chandani are betting on a big 2024 as their luxury Compass team shifts into high gear.
Housing Wire
JANUARY 5, 2024
The seniors who are often the parents of Generation X and Generation Y ( millennials ) could become a pronounced expense for their kids in the coming years, but adult children also want to see their parents successfully age in place. This is according to a commentary from Sarita Mohanty, president and CEO of elder financial advocacy organization The SCAN Foundation in a commentary published by Fortune.
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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.
Inman
JANUARY 5, 2024
The Tate Property Group joins Coldwell Banker as the recruiting of rockstar agents and teams remains one of the low-key most important trends in real estate.
Housing Wire
JANUARY 5, 2024
Employers kept a brisk hiring pace in December, exceeding economists’ expectations by 46,000 jobs. Jobs increased by 216,000 in December, up from 173,000 in November, according to data released by the Bureau of Labor Statistics. Economists were expecting an addition of 170,000 jobs. With December’s numbers in, a total of 2.7 million jobs were added to the U.S. economy in 2023, an average monthly gain of 225,000, according to the BLS.
Inman
JANUARY 5, 2024
Klein has been interim president of San Diego MLS since June, following the departure of former CEO Michael Mercurio, who allegedly embezzled $1 million from the San Diego Association of Realtors.
Housing Wire
JANUARY 5, 2024
A date for the final approval conference for RE/MAX’s and Anywhere’s settlement agreements in the Sitzer/Burnett , Moehrl and Nosalek commission lawsuits has finally been set. The conference is slated for Thursday, May 9, 2024, at 10 a.m., according to a text entry on the Sitzer/Burnett court docket on Friday. Both RE/MAX and Anywher e reached settlement agreements in the Sitzer/Burnett and Moerhl lawsuits in Sept. 2023, with the Nosalek plaintiffs joining the settlements in late October.
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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.
Inman
JANUARY 5, 2024
Billed as a lifetime engagement solution, Hōm offers a lot for the growing agent targeting first-time buyers, but it's more an assemblage of nice-to-haves than an application designed to create meaningful change.
Housing Wire
JANUARY 5, 2024
Rocket Pro TPO – the wholesale arm of Rocket Mortgage – made updates to its existing products to court more brokers. Its ONE+ program – a conventional 1% down home loan program that launched in May – will include Freddie Mac ‘s loan product advisor (LPA), which could translate to a 16% increase in client eligibility, Mike Fawaz, EVP of Rocket Pro TPO, said in a recorded video made public this week.
Inman
JANUARY 5, 2024
J. Michael Issa of B. Riley Financial is alleging in a lawsuit filed in LA Superior Court last month that the city reneged on its word that permits on the property's building site were still active.
Housing Wire
JANUARY 5, 2024
The Federal Housing Administration (FHA) faces a potential loss of roughly $7 billion in receipts in 2024, and a failure by Congress to come to terms on certain spending agreements could force across-the-board cuts to non-defense spending of roughly 5-to-9%. This is according to a letter published this week by the Congressional Budget Office (CBO), submitted to the chairman and ranking member of the U.S.
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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.
Inman
JANUARY 5, 2024
Agent, attorney, coach and yoga instructor Renee Fishman joins Bernice Ross to discuss the problems and opportunities provided by the ongoing commission debate.
Housing Wire
JANUARY 5, 2024
Scott Fava has returned to Compass after an almost five-year absence, the brokerage announced on Thursday. Fava is joining Compass from NestSeekers. “We could not be happier to welcome Scott and his team back to Compass and help them accomplish all their business growth and goals,” Gordon Golub, Tri-State Regional Vice President at Compass, said in a statement.
Inman
JANUARY 5, 2024
The company's first group CMO will be responsible "for creating a unified and compelling voice for all businesses" under the Rocket umbrella, including Rocket Mortgage, Rocket Homes and Rocket Money.
Housing Wire
JANUARY 5, 2024
California-based Pennymac Financial Services has hired Kristy Dickey, a former executive at Citizens Bank, as first vice president of TPO sales. Dickey will be responsible for growing the lender’s broker division and support its brokers and non-delegated partners, the firm said. A total of five additional senior account executives joined Dickey. The new hires joined Pennymac after Citizens exited the wholesale channel in November.
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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.
Inman
JANUARY 5, 2024
Voters are set to decide whether to increase the tax paid on real estate sales above $1M. Landlords and business groups say referendum violates the state constitution.
Housing Wire
JANUARY 5, 2024
San Diego Association of Realtors , which operates one of the country’s largest multiple listing service, has new leadership following the departure of alleged fraudster Mike Mercurio. Real estate industry veteran Saul Klein is taking over as the CEO and director of SDAR’s wholly-owned San Diego MLS , according to an announcement on Tuesday.
Inman
JANUARY 5, 2024
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.
Bigger Pockets
JANUARY 5, 2024
After years of drought, the tide is finally coming back. 2024 could be a pivotal turning point for the real estate market, and it's all because of this.
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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.
Inman
JANUARY 5, 2024
The 2024 survey, entitled, “How buyers feel about working with agents” gleaned its results from 340 homeowners who purchased within the last three years. It asked a range of questions of its subjects, one being how much time they believe their representative spent on their purchase.
Bigger Pockets
JANUARY 5, 2024
A no closing cost refinance is a type of mortgage refinancing where the lender covers upfront closing costs in exchange for a slightly higher interest rate on the new loan.
RIS Media
JANUARY 5, 2024
Leaders of top full-service brokerages provide resource after resource for their salesforce and staff day after day. But who supports these leaders? Who supplies them with their next great idea? Who furnishes insightful analysis and critique of that new program they are considering launching? Who gets them key intel from the front lines across all… The post January Cover Story: Powerful, Profitable Connections appeared first on RISMedia.
Bigger Pockets
JANUARY 5, 2024
Well, 2023 has been another wild year in commercial real estate. The headlines continue to scream trouble for CRE. Many are getting increasingly fantastic.
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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