Fri.Oct 04, 2024

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Senior-held home equity jumps to $14T in Q2

Housing Wire

Homeowners 62 and older saw their collective home equity levels rise in the second quarter of 2024 by roughly $600 billion, increasing to a total of $14 trillion and continuing a streak of forward momentum observed in the first quarter. This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) in partnership with data analytics firm RiskSpan.

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EasyKnock takes victory lap after $153K arbitration ruling

Real Estate News

The sale-leaseback proptech mired in legal action celebrated a win that absolved the firm of wrongdoing and awarded it over $153,000 for past due rent and fees.

Sales 158
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Strong September jobs report stokes inflation concerns

Housing Wire

A stronger than expected September jobs report is not great news for the Federal Reserve or the housing industry, which was hoping for a swift decline in interest rates. Data from the U.S. Bureau of Labor Statistics released on Friday shows that 254,000 non-farm payroll jobs were added in September. This is higher than the average monthly gain of 203,000 jobs over the past 12 months.

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Pocket listings lawsuit now focused solely on NAR

Real Estate News

In a fourth amended complaint, Top Agent Network has doubled down on its allegations that Clear Cooperation is anticompetitive and anti-consumer choice.

Agents 160
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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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TidalWave CEO Diane Yu on building an AI-first company

Housing Wire

Editor in Chief Sarah Wheeler sat down with Diane Yu, co-founder and CEO of TidalWave , to talk about the benefits of building an AI-first company in today’s business environment. Yu founded and sold ad tech platform FreeWheel to Comcast in 2014, and she served as chief technology officer at Better.com from 2021-2022. This interview has been edited for length and clarity.

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Survey: Real estate and mortgage pros cautiously optimistic about housing market

Housing Wire

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. The quarterly survey gathered responses from three groups: real estate brokerage leaders, real estate agents and appraisers, and mortgage professionals.

Mortgages 265
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Now is the moment to innovate, but tech alone won’t do it

Real Estate News

“We need people who are more ambitious,” real estate leaders were told at this week’s T3 Tech Summit. And they need to be ready to go deeper with AI.

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Anywhere’s Sherry Chris talks brand building, crisis management with the ‘Real Estate Insiders’

Housing Wire

This week on the “ Real Estate Insiders Unfiltered “ podcast, hosts James Dwiggins and Keith Robinson sit down with Sherry Chris , executive adviser at Anywhere Brands , and the former CEO of Better Homes and Gardens Real Estate. The episode dives deep into Chris’ background and includes key insights into leadership, innovation, the power of relationships and new perspectives on the future of real estate in the next three years.

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Beloved Williamsburg Comic Store Desert Island to Close Due to Rent Hike

Brownstoner

Another beloved Brooklyn business is biting the dust, and more changes are coming to its busy thoroughfare. Desert Island comic store announced on Instagram yesterday that it would be closing its doors come the end of the year due to the landlord almost doubling the rent. Desert Island opened at 540… Read More > The post Beloved Williamsburg Comic Store Desert Island to Close Due to Rent Hike appeared first on Brownstoner.

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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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How to get (or renew) your NMLS license in 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Whether you’re looking to launch a new career or renew your NMLS license before the end of the year, we’re here to help. In this article, we’ll give you some background, show you how to get your NMLS license, introduce our favorite NMLS licensing and CE schools, and set you on the path toward licensure or a quick renewal.

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8 years later, ‘Thousand Dollar Listing’ unveils new episodes

Inman

After navigating an identity crisis and multiple potential deals with production companies that fell through, Noah Kaplan and his team have finally wrapped editing seven new episodes and are releasing one episode per week on YouTube.

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Title insurers started 2024 slowly, but Q2 premium volume rebounds

Housing Wire

After a slow start to the year, the housing market picked up the pace during the second quarter. For the title insurance industry, this meant an uptick in title insurance premium volume, which came in at $4.09 billion for the quarter, according to the American Land Title Association (ALTA)’s Market Share Analysis that was published Thursday. Second-quarter volume was up from $3.35 billion in Q1 2024 and $3.92 billion in Q1 2023.

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Commission chaos headed for Canada as watchdog probes rules

Inman

The inquiry is reminiscent of investigations and lawsuits that have engulfed the industry’s biggest players in the U.S. in recent years, and it includes a review of multiple policies that are similar to those under scrutiny in the U.S.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Job Growth Surprises With Big Payroll Boost in September

RIS Media

Any concerns about a slowing economy should be allayed for now. Employment grew substantially in September, per the latest release from the U.S. Bureau of Labor Statistics. The U.S. economy added 254,000 new payrolls over the past month—more than 100,000 higher than in August (where 142,000 jobs were added). The September growth results are much… The post Job Growth Surprises With Big Payroll Boost in September appeared first on RISMedia.

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Mortgage rates are soaring on strong September jobs report

Inman

With a soft landing seen as more likely, analysts say Fed policymakers can now afford to be more cautious about the pace of future rate cuts, and mortgage rates aren't likely to fall below 6 percent anytime soon.

Mortgages 100
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What Kind of Insurance Do You Need for Short-Term Rentals?

Bigger Pockets

You have finally decided to enter the short-term rental (STR) market, and your biggest concern is a call from the local fire department stating that your house is ablaze or […]

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Inman Power Wheels: The 4Runner takes crown as best auto for agents

Inman

The votes are tallied, and you've chosen the Toyota 4Runner as the best agent auto. Find out what it has to offer and why it should be on your short list if you're shopping for a new car this fall.

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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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Multi-Office Louisiana Brokerage Joins Better Homes and Gardens® Real Estate

RIS Media

Better Homes and Gardens® Real Estate has announced that Better Homes and Gardens® Real Estate Rhodes Realty, headquartered in Natchitoches, Louisiana, is the latest firm to join the brand. With seven offices and over 50 affiliated sales associates, the family-owned brokerage offers real estate services in residential, commercial, new construction, land development and rental properties… The post Multi-Office Louisiana Brokerage Joins Better Homes and Gardens® Real Estate appeared first on

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Family-owned Louisiana brokerage joins Better Homes and Gardens

Inman

Real estate duo James and Justin Rhodes have taken their brokerage, Rhodes Realty, to Better Homes and Gardens Real Estate. Rhodes has 50 affiliates across seven offices in Louisiana.

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Hispanic Homeownership Continues to Grow—Advocates Say It Is Time to Take Notice

RIS Media

Above, Rose Kemp As the industry celebrates Hispanic Heritage Month, new data shows Hispanic homeownership continues to swiftly rise, and Hispanic real estate professionals are urging the industry to take notice of this ever-growing business sector. There are over 9.5 million Hispanic homeowners, a homeownership rate of 49.5%, as reported in the National Association of… The post Hispanic Homeownership Continues to Grow—Advocates Say It Is Time to Take Notice appeared first on RISMedia.

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Minnesota latest to sue MV Realty over ‘immoral and illegal’ contracts

Inman

Minnesota Attorney General Keith Ellison announced the suit last week, saying the Florida-based brokerage violated consumer protection laws by selling "contracts with oppressive terms.

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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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Insurance Crisis Is Derailing Deals and Adding to Affordability Woes

RIS Media

Getting homeowners insurance used to be a fairly straightforward process. You’d shop around with two or three companies, compare rates and pick the best deal. However, more frequent and severe weather events driven by climate change are hitting insurers’ margins hard as homeowner claims and the damage replacement costs spike. As a result, some insurers… The post Insurance Crisis Is Derailing Deals and Adding to Affordability Woes appeared first on RISMedia.

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MoxiWorks brings 2 from Onit to fill leadership spots

Inman

MoxiWorks has added two new positions in its leadership ranks, naming Ben Tao as MoxiWorks' first chief marketing officer and Jackson Mayes as chief of staff.

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October Begins With Mortgage Rates Up Slightly

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. According to the latest survey by Freddie Mac, mortgage rates saw a slight bump during the final days of September—with the 30-year fixed mortgage rate at 6.12% compared to 6.08% the previous week. The 15-year… The post October Begins With Mortgage Rates Up Slightly appeared first on RISMedia.

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Cutting ties, court docs, Clear Cooperation: 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.

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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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Daily Links: Stop Work Order Lifted After Brooklyn Developer Texts Mayor

Brownstoner

In the News Another Woman Dies During Childbirth at Woodhull Hospital [NYT] Brooklyn Museum at 200 Celebrates Beauty, Art’s Hidden History [NYT] Seeking Some Peace in Brooklyn for Less Than $800,000 [NYT] Immersive Exhibit Captures ‘Dream of Brooklyn,’ Cultural Influence [BP] Brooklyn Home Care Agencies to Pay $7.5 Million in Unpaid Wages [BP] Greenpoint Savings Bank… Read More > The post Daily Links: Stop Work Order Lifted After Brooklyn Developer Texts Mayor appeared first on Brownst

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Ready to invest internationally? Consider Panama real estate

Inman

The Agency Panama's Victoria Levitam offers insight into the investment potential of Panama, a hidden gem offering exceptional opportunity and quality of life.

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New Listings Increase as Mortgage Rates Decline, Slowly Eroding ‘Lock-in Effect’

RIS Media

Homeowners are showing a willingness to put their homes on the market at increasing rates, marking a continuous shift away from the “lock-in effect,” as detailed in Realtor.com®’s September Housing Trends Report. Active listings were up 34% year-over-year, though that number was still down 23.2% within a five-year timespan. The average median home listing price… The post New Listings Increase as Mortgage Rates Decline, Slowly Eroding ‘Lock-in Effect’ appeared first on RISMedia.