Thu.Jan 16, 2025

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Mortgage rates fall after remarks by Fed President Waller

Housing Wire

The 10-year yield and mortgage rates have been on a wild ride lately, even testing my top-end forecast at 7.25%, but today, the 10-year yield fell after remarks by Fed President Chris Waller about whether the Fed would do even more rate cuts than the market was anticipating. His statement on this, in a CNBC interview : If inflation continues on this path through the beginning of 2025, it’s reasonable to think that possibly rate cuts could happen in the first half of the year.” This w

Mortgages 459
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NAR asks court to dismiss Michigan mandatory membership case

Real Estate News

Tying association membership to MLS access isnt anticompetitive, the defendants argue, while also claiming the plaintiffs are contradicting themselves.

MLS 243
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Realtor.com: HOA fees are on the rise among all home types

Housing Wire

Mortgage and property tax payments are not the only expenses that prospective homeowners need to consider. Homeowners associations (HOAs) are commonplace, and more of them are requiring owners to pay up, according to a survey by Realtor.com. Realtor.com’s report found that 40.5% of listings in 2024 had some sort of HOA fee and these expenses became even more costly.

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One Homebuying Step You Don’t Want To Skip: Pre-Approval

Keeping Current Matters

There’s one essential step in the homebuying process you may not know a whole lot about and that’s pre-approval.

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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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Tough Calls: Lessons from Volcker, inflation, and the Fed’s crossroads

Housing Wire

The standard of living of the average American has to decline, he said. I don’t think you can escape that. These were the words of Federal Reserve Chairman Paul Volcker as he testified before Congress in October 1979. Inflation was 13%. Volckers predecessors, Arthur Burns and William Miller, had failed to control prices. Stagflation gripped the United States.

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Average mortgage rates top 7% for the first time in 8 months

Real Estate News

Rates increased for a fifth straight week, but the latest inflation data could be a sign that relief is coming.

Mortgages 217

More Trending

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People on the Move at NAR, RE/MAX, Zillow and more

Real Estate News

NAR hires industry relations exec; Chris Lim to lead growth at RE/MAX; Zillow names new GM for Flex; RealScout shuffles leadership; LPT hires operations pro.

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Home-price growth is cooling, leading to appraisal challenges

Housing Wire

Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. Across the 19 East Coast and Midwest states in which CSS operates, appraisals were higher than sale prices in 57% of transactions during the second half of 2024. That share was up from 53% in the second half of 2023 and 51% in the first half of 2024.

Sales 328
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FMLS in Georgia to share data with Alabama neighbors

Real Estate News

The agreement allows the 67,000 combined members of FMLS the 5th-largest MLS in the U.S. and three smaller organizations to share listings and referrals.

MLS 166
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FCC warns of mortgage relief scam impersonating 400 lenders

Housing Wire

The Federal Communications Commission (FCC) this week warned consumers in all 50 states that fraudsters are posing as mortgage lenders by calling homeowners and asking them to pony up on payments. The scam, dubbed “Green Mirage,” involves callers contacting homeowners who oftentimes “have previously sought relief from their actual mortgage lender and may expect to be contacted,” the FCC’s alert read , adding that the callers typically know specific details such as t

Mortgages 308
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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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LISTEN: Real estate leaders pen song to help LA wildfire families 

Inman

Marc Davison, John Heithaus and David Charron leaders in LA and elsewhere in real estate wrote and produced "Santa Ana Fury" in a bid to solicit donations for the Realtors Relief Foundation.

MLS 141
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NAR again looks to have Michigan antitrust suit dismissed

Housing Wire

The National Association of Realtors (NAR) and several other defendants are making another attempt at having the Hardy antitrust lawsuit dismissed. The defendants which also include the Michigan Association of Realtors , The Grosse Pointe Board of Realtors , Greater Metropolitan Association of Realtors , North Oakland County Board of Realtors and Realcomp II Ltd.

MLS 300
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How to be more intentional, aligned in your relationship-building

Inman

In the fast-paced, competitive world of real estate entrepreneurship, coach Melanie Klein writes, the relationships you nurture are just as critical as the systems you implement.

Agents 137
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Pol, Locals Call for More Affordability in Planned Arrow Linen Development

Brownstoner

The controversial Arrow Linen rezoning, which would see the development of two 13-story apartment buildings on a currently low-rise Park Slope site, was the subject of yet another heated public hearing last week, this time at the City Council. Sixty-eight people testified in front of the Subcommittee on Zoning and Franchises… Read More > The post Pol, Locals Call for More Affordability in Planned Arrow Linen Development 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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FTC warns of massive spoofing op impersonating mortgage lenders

Inman

"Green Mirage" phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower's actual mortgage lender and tricking victims into making payments to U.S.-based "mules.

Mortgages 130
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JONATHAN ROLANDE: Would a new tax get the UK out its property doom spiral?

Estate Agent Today

The UK, like much of the developed world, is trapped in what we might call the "Property Doom-Spiral"where rocketing prices and stagnant supply have left us all permanently looking for a solution. And given the size of the problem, it needs to be radical.

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7 powerful ChatGPT prompts that make doing business a no-brainer

Inman

Agents who lean into using AI to serve their clients at a higher level, Jimmy Burgess writes, will absolutely outperform the agents who dont embrace this technology.

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Mortgage Rates Climb Up Over 7%

RIS Media

Still on the upswing, the average 30-year fixed rate mortgage ticked up over 7% this week, marking its fifth straight week of increases and hitting their highest point since last May. According to Freddie Macs latest Primary Mortgage Market Survey (PMMS), this week the average 30-year fixed-rate mortgage (FRM) reached 7.04%, up from last weeks… The post Mortgage Rates Climb Up Over 7% appeared first on RISMedia.

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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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Portfolio success leads Fifth Wall to open new fund

Inman

In conjunction with the new fund, which is backed by new limited partners such as Lowes, Public Storage, Kite Realty Group and Independence Realty Trust, Fifth Walls largest proptech investment went public in December with a $9 billion market capitalization.

As-is 120
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Zoopla: Buyer demand already ahead of 2024

Estate Agent Today

Buyer demand is already tracking14%ahead of early 2024, Zoopla claims.

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NAR wants Michigan 3-way lawsuit thrown out

Inman

The case began in August and challenges requirements that agents belong to local, state and national Realtor associations. NAR previously asked to have the case dismissed in November.

Agents 133
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A New Year Reminder: Strengthening Policies, Procedures, and Written Communication in Property Management

AAOA

As the new year begins, property management professionals have the opportunity to reflect on foundational practices that ensure both compliance and operational excellence. Among these, few aspects are as critical as robust fair housing policies, well-defined procedures, and professional written communication. These elements not only safeguard against legal risks but also foster trust and professionalism in interactions with residents, prospects, and team members.

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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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Anticipate the preferences of high-end buyers (and win them over)

Inman

When you focus on the lifestyle, stay ahead of trends and create emotional connections, youre not just selling homes, Coldwell Banker Warburg's Kevelyn Guzman writes. Youre selling the dream.

Agents 112
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Will These Be the 5 Best Real Estate Markets of 2025?

Bigger Pockets

Will these cities become the best real estate markets of 2025? Norada Real Estate Investments, a turnkey real estate provider, thinks so.

Marketing 105
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Mark Doherty joins Sarkis Team at Douglas Elliman as vice president

Inman

Doherty is a Massachusetts native with more than 25 years of industry experience. He said a meeting with team cofounders Manny and George Sarkis "reinvigorated" his enthusiasm for real estate.

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How to Depersonalize Your House for Sale Without Losing Its Charm

HomeLight

This house isnt for you anymore; its for the next set of people, says Michelle Vasey , owner of Mode Staging & Design in Oakland, CA, who has more than 30 years of experience in the real estate and staging business. As hard as it sounds, you need to depersonalize the house to sell it. Try to see it through a strangers eyes and think: zero clutter , warm wall palettes , soft textures, and small bursts of color youre aiming for neutral, but still charming!

Staging 98
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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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Austin’s Spyglass joins Real under Private Label model

Inman

Spyglass is coming aboard via the Private Label program, which gives independent brokerages access to Reals internal software solutions and its cascading efficiencies while sustaining their existing consumer-facing brand.

Brokerage 118
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Builder Confidence Edges Up Even as Market Risk Concerns Rise

Eye on Housing

Builder sentiment edged higher to begin the year on hopes for an improved economic growth and regulatory environment. At the same time, builders expressed concerns over building material tariffs and costs and a larger government deficit that would put upward pressure on inflation and mortgage rates. Builder confidence in the market for newly built single-family.

Marketing 101
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Broker Spotlight: Sarah Leonard, Legacy Properties

Inman

Find out how Leonard and her team are setting the standard for excellence in their Chicagoland market with cutting-edge methods, unparalleled client service and community advocacy.

Marketing 100
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How Do Realtors Get Paid? (See What’s Changed)

HomeLight

Two initial questions home sellers ask are How much will my home sell for? and How much will it cost me to sell? But a third query often arises: “How do Realtors get paid?” Agent commissions can be a touchy subject, but the rules have changed, and the shift is in your favor as a seller. Following a landmark court settlement , sellers are no longer automatically expected to pay both the listing agent and buyers agent Realtor fees , which combined were traditionally 5%- 6% of the h

Title 98
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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.