Mon.Nov 27, 2023

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Consumer Sentiment Continues to Fall in November

RIS Media

Consumer sentiment dropped 3.9% in November, according to data from the University of Michigan. “While this marks the fourth consecutive month of declines, November’s reading reflects a balance of factors, some of which improved while others worsened. More-favorable current assessments and expectations of personal finances were offset by a notable deterioration in expected business conditions,”… The post Consumer Sentiment Continues to Fall in November appeared first on RISMedia.

Finance 118
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Here’s why home sales will climb in 2024

Housing Wire

If you follow real estate data closely, you’ll know that inventory rose late into November. You also know that new listings are up over last year, too. However, what you might not know is that home sales are climbing, which is a good sign. Watch the video above to get the latest housing market update from Altos Research. Short on time? Check out some key data takeaways below for the week ending Nov. 27.

Sales 490
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Is Wall Street Buying Up All the Homes in America?

Keeping Current Matters

If you’re thinking about buying a home, you may find yourself interested in the latest real estate headlines so you can have a pulse on all of the things that could impact your decision.

Marketing 349
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Gary Keller accused of embezzlement in updated racketeering lawsuit complaint

Housing Wire

Nearly three months after filing an initial complaint accusing Gary Keller and Keller Williams of inflating key profitability metrics including company sales and profits to convince individuals to purchase Keller Williams Regions and Market Centers, John Davis has made tweaks to his lawsuit. In his initial filing, in addition to Keller and Keller Williams, Davis also names former KW president Josh Team, Business MAPS Ltd. and Business MAPS Management LLC as defendants.

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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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Georgia homesellers file their own commissions lawsuit

Real Estate News

The case takes aim at NAR and local as well as national brokerages, while calling out the current system as a way to protect ineffective agents.

Brokerage 340
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Why aren’t there more new homes for sale?

Housing Wire

In a country of more than 335 million people, with 157 million of those people working, we still only have 76,000 new homes available for sale as we head into December. The crazy part of this story is that this number looks perfectly normal to me. One of the urban myths spouted by people needing more experience tracking housing data was that millions of homes would hit the marketplace in 2023 because the builders had so many homes under construction.

Sales 440

More Trending

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Modular homebuilding startup Veev on the verge of bankruptcy

Housing Wire

Veev , a promising modular homebuilding company that’s raised $600 million, could close after a plan for a capital raise failed, according to reporting out of Israel. There are talks about a “leading company” potentially acquiring California -based Veev, but the negotiations remain in the very early stages, according to Calcalist. If the negotiations don’t bear fruit, the company will shut down.

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New home sales tap the brakes, but still going strong

Real Estate News

Despite robust demand, prices continue to drop. It’s all about elevated interest rates, and builders’ response as affordability remains a struggle.

Sales 231
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MBA sees benefits, shortcomings in FHFA’s new ERCF rule

Housing Wire

The Mortgage Bankers Association (MBA) this week appeared to relay caution to its members about the announcement from the Federal Housing Finance Agency (FHFA) last week that it had published a new, final rule on the Enterprise Regulatory Capital Framework (ERCF) related to commingled securities. “The final rule includes modifications of certain provisions of the ERCF related to guarantees on commingled securities, multifamily mortgage exposures secured by properties with government subsidies, a

Finance 393
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Nation’s biggest title insurer hit by ransomware attack, reports say

Inman

Fidelity National Financial acknowledges that a "cybersecurity incident" disrupted the provision of title and escrow services and other technology and mortgage services.

Title 207
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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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Mortgage rate dip a welcome reprieve, but more industry consolidation is ahead: Piper Sandler

Housing Wire

Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. The decline in the 10-year Treasury yield and agency mortgage-backed securities (MBS) yields — due to a soft jobs report in late October — led to a slight pick up in seasonally-adjusted mortgage application volume.

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3 essential tips for estate planning with real estate

Inman

Estate planning is of prime importance for homeowners and their heirs. Properties are among the largest and most complex assets to be distributed — particularly when they’re luxury homes worth millions of dollars.

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New home sales disappoint in October, prices fall

Housing Wire

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ).

Sales 369
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Keller Williams and Gary Keller face new allegations in lawsuit

Inman

An amended complaint from former Keller Williams CEO John Davis now accuses the company and its co-founder of embezzlement.

Brokerage 193
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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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Relitix’s Agent Movement Index shows continued real estate agent recruiting slowdown

Housing Wire

Real estate agents are continuing to stay put, moving much less between brokerages than the post- pandemic peak seen in the summer of 2021, according to the latest Relitix Agent Movement Index. The index shows the relative degree of movement between brokerages by experienced agents and is indexed to the level of mobility in January 2016. The graph shows that, on a trailing 12-month basis, mobility hit its 10-year high in June 2021 at an index value of 109.4.

Agents 368
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Signs of a buyer’s market emerge as homeseller concessions return

Inman

More than a third of all home sales featured a concession in the past 3 months, according to new data and agents who told Inman that they're beginning to see signs of a buyer's market unfold.

Marketing 188
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Has your banking partner come of age?

Housing Wire

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. HousingWire: Has the banking crisis earlier this year left any lasting impacts on warehouse lenders?

Banks 331
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Take 5 minutes, make this change to your Google Business Profile

Inman

Marketing director Kate Hulbert shares this quick and simple update to make your social media and digital marketing more effective and targeted.

Marketing 175
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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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11 Tips to Have The Best Home Building Experience

RIS Media

Building a new home is a significant milestone in anyone’s life, and the process can be both exhilarating and challenging. Whether considering existing new construction or contemplating creating a custom home, careful planning and informed decision-making are essential for a seamless home-buying experience. This comprehensive guide will explore critical tips to ensure you have the… The post 11 Tips to Have The Best Home Building Experience appeared first on RISMedia.

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NAR put on a brave face at NXT, but accountability is on the way

Inman

Jason Haber, founder of The NAR Accountability Project, believes that more must be done to keep agents from paying for NAR's mistakes.

Agents 174
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This Economist Says The Fed is Misreading Inflation—Here’s When Rates Might Fall

Bigger Pockets

The Fed has slowed down its rate hikes, but an economist from UC Irvine says we've all been misreading inflation, including the central bank.

Banks 133
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14 ways to beat the stress this holiday season and through 2024

Inman

Personal and professional upheaval is taking its toll on members of the real estate industry. Trainer and author Bernice Ross shares strategies to help you get a handle on stress as you move into the new year.

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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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Holiday Shopping Hacks That’ll Save You Hundreds (or Thousands) This Season

Bigger Pockets

The 2023 holiday shopping season is here, and you know what that means…gifts, trips, and LOTS of spending.

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New-home sales fall beneath the weight of October mortgage rates

Inman

Sales of newly built single-family homes clocked in at a seasonally adjusted annual rate of 679,000 during the month of October.

Sales 162
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You Can Use These Analysis Methods For Any Real Estate Asset—And They Work Really Well

Bigger Pockets

In a world full of equations, getting down to the key metrics that drive success is what matters. Here's how to cut through the noise.

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How to win the multifamily lease-up challenge as a property manager

Inman

Multifamily expert and brand-new Inman contributor Andy Larson offers insights and strategies for the all-important lease-up period.

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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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Financial Freedom with 2 Rental Properties and “Passionate” Income

Bigger Pockets

Want to learn how to quit your job with real estate? Many people think you need to replace your entire salary with rentals, but that’s not the case.

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Focus on fundamentals: Clients, communication, compliance

Inman

According to compliance expert Summer Goralik, this is the time to take a proactive approach, ask important questions, adopt new business protocols and procedures, and engage in different types of conversations or scripts with clients.

MLS 155
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Multifamily Built-for-Rent Remains Elevated

Eye on Housing

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the third quarter of 2023. For the quarter, 104,000 multifamily residences started construction. Of this total, 101,000 were built-for-rent. The market share of rental units of multifamily construction starts was near an all-time high of 98% for the third quarter as the.

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Direct mailer Addressable abruptly closes with no forwarding address

Inman

Direct mail marketing company Addressable has abruptly gone out of business, according to a website message at its domain, addressablemail.com.

Closing 151
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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.