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 511
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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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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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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 295
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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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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 397
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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 276

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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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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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 276
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The Southern housing markets poised to become boomtowns

Housing Wire

Southern housing markets have dominated growth lists over the last few years, and a report by CoreLogic today shows Southern markets are still hot. Using growth indicators that measure upcoming construction and development, southern metros take eight spots in the top 10 list. The top three metros are Lakeland, Florida. , Austin, Texas, and Raleigh, North Carolina.

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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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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 167
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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 351
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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 158
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Remodeling Market Sentiment Improves in Fourth Quarter of 2024

Eye on Housing

The NAHB/Westlake Royal Remodeling Market Index (RMI) posted a reading of 68 for the fourth quarter of 2024, up five points compared to the previous quarter. Remodelers are more optimistic about the market than they were earlier in the year, corroborated by NAHBs recent analysis of home improvement loan applications. Demand in many parts of.

Marketing 138
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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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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 158
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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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Make a game plan now for ICNY, says Corcoran’s Pamela Liebman

Inman

In advance of her appearance at ICNY next week, Inman caught up with the chief executive to hear what's next for the brokerage in 2025 and solicit her advice for first-time Connect attendees.

Brokerage 158
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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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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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RealScout co-founder Andrew Flachner returns to helm as CEO

Inman

Amid record growth, outgoing RealScout CEO Arthur Kaneko will relinquish the role to co-founder Andrew Flachner, who served as chief executive for five years upon launching the company in 2012.

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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 122
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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 157
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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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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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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 157
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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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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 158
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Smoke Detector Safety for Multifamily and Single-Family Rentals

AAOA

Regarding fire safety, properly operating smoke detectors is one of the most essential tools for alerting property owners and firefighters of dangerous home and apartment fires before they happen. They are a simple tool that saves lives. According to the National Fire Protection Association, Roughly three out of five fire deaths happen in homes with either no smoke alarms or no working smoke alarms.

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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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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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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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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 158
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Property market remains stable but is lagging 2019 – research

Estate Agent Today

The property market was relatively stable in 2024 but continued to lag in transaction volumes when compared with 2019 levels.

Marketing 117
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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.