Thu.Mar 07, 2024

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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

The White House announced that President Joe Biden will call on lawmakers in the House of Representatives and the Senate to address a series of housing issues in his State of the Union address, which will be delivered to a joint session of Congress and televised nationally on Thursday night. In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional home

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The Benefits of Downsizing When You Retire

Keeping Current Matters

If you’re taking a look at your expenses as you retire, saving money where you can has a lot of appeal.

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Steve Harney, founder of Keeping Current Matters, has died

Housing Wire

Steve Harney, founder of Keeping Current Matters and a force in real estate for four decades, died suddenly on Sunday, March 4, at age 68. “As we mourn the loss of Steve, we hold tight to the incredible impact he had on agents, our industry, and the fact that his legacy will live on at Keeping Current Matters. Steve’s vision, his principles and his passion for people will always be our compass.

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Real posts big gains in agent count, revenue and transactions

Real Estate News

Fourth-quarter revenue was up a whopping 89%, though net losses rose along with operating expenses.

Agents 293
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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 equity remained near historic highs to end 2023

Housing Wire

Buoyed by a rise in home prices , U.S. homeowners with mortgages saw their home equity increase by 8.6% year over year in fourth-quarter 2023. Homeowners saw an average increase of slightly more than $24,000 compared to Q4 2022, adding up to a collective gain of $1.3 trillion, according to CoreLogic ’s newest homeowner equity report. Net homeowner equity totaled more than $16.6 billion at the end of 2023.

Equity 501
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AI is so much more than ChatGPT — here’s what you need to know

Real Estate News

Products that just scratch the surface of what AI can do are giving real estate “a bad rap,” but there are ways to go deeper (without getting in too deep).

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More Trending

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Mortgage rate dip leads to jump in activity

Real Estate News

Rates fell slightly this week, ending a four-week run of increases, and mortgage applications were up nearly 10%. Inventory and consumer sentiment are also up.

Mortgages 257
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Vista Real Estate joins Sotheby’s, expanding its presence in California

Housing Wire

Sotheby’s International Realty is expanding its footprint in the Golden State. On Thursday, the Anywhere brand announced that Northern California firm Vista Real Estate had joined the Sotheby’s network. The Redding, California-based firm will now operate as Shasta Sotheby’s International Realty. This marks Sotheby’s 111th office in California. “Homebuyers migrate to the Shasta County area to enjoy its world-class outdoor recreational pursuits and scenic views,” Philip White, president and CEO of

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Biden plan aims to boost housing supply, improve affordability

Real Estate News

Proposals announced by the Biden administration ahead of the State of the Union earmark billions in tax credits and grants to increase homeownership.

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Planet Home Lending hires Doug Long to expand its retail branch network 

Housing Wire

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said.

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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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Tech Bytes: News from Redfin, eXp and Opendoor, Knock, Zonda

Real Estate News

Redfin adds “Ask Redfin” to its iPhone app; eXp Opendoor integration launches; Knock unveils crowdfunding campaign; Zonda acquires BDX.

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First American’s Paul Hurst on the allure of big tech ideas

Housing Wire

HousingWire Editor in Chief Sarah Wheeler sat down with Paul Hurst , chief innovation officer at First American , to talk about the challenge of attracting and retaining tech talent and how to know if a project has a big enough vision. Sarah Wheeler: How do you think about buy versus build? Paul Hurst: Before I joined First American, I worked with a lot of companies to decide this exact question.

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Inman announces 2024 class of Marketing All-Stars award winners

Inman

The prestigious award honors the most creative, innovative and strategic-thinking marketers within the real estate industry for 2024.

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Sellers may earn more by listing later in the year: Zillow

Housing Wire

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. In a study of 2023 home sales, the real estate analytics company found that homes listed in the first two weeks of June sold for 2.3% more than at other times of the year, equating to an additional $7,700 on the typical U.S. home.

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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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Opendoor dropped from Nevada commissions lawsuit

Real Estate News

The Whaley case had been the only major copycat lawsuit to name the company as a defendant.

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Powell acknowledges concerns about Basel III bank proposal 

Housing Wire

The Federal Reserve and other regulators will be making significant changes to the so-called “Basel III endgame,” Fed Chair Jerome Powell said on Wednesday as he testified before Congress. Powell acknowledged the mounting opposition to Basel III from the banking sector, assuring lawmakers of forthcoming broad revisions to the regulatory framework that is aimed at recalibrating risk assessment methodologies and capital reserves.

Banks 448
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The Real Brokerage posts dramatic spike in revenue, agent count in Q4

Inman

Celebrating a decade in operation this year, the cloud-based brokerage saw revenue skyrocket by 89 percent in the fourth quarter and its agent count soar by 66 percent, according to earnings data on Thursday.

Brokerage 183
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Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

Federal Reserve Chair Jerome Powell indicated in recent congressional testimony that interest rate hikes are now likely at the “ peak for the current tightening cycle ,” after signaling in November of last year that the Fed was close to the end of its war on inflation. For investors in the private-label securities (PLS) market, the earlier signal was enough to unleash a boatload of money that had been sitting on the sidelines waiting for the “peak” to arrive, according to several market expert

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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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This first-time homebuyer program is like winning the lottery

Inman

California to use lottery system to allocate $220 million in "Dream for All" shared appreciation loans that cover down payments for first-time homebuyers.

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Low-income retirees could benefit from Social Security reform

Housing Wire

The way that the Social Security and Supplemental Security Income (SSI) programs interact is unfair to low-income workers and retirees , and changing the Social Security benefit applied to SSI would “allow low-income older adults to obtain additional income during retirement.” This is according to a new report published by the Brookings Institution.

Equity 448
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Curbio faces lawsuits, complaints from agents amid rapid growth

Inman

Some Realtors and the attorney general in Washington, D.C., have come forward with criticism of Curbio. Executives say the complaints represent a tiny fraction of the thousands it has helped.

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Opendoor dismissed from Nevada commission lawsuit

Housing Wire

Proptech company and iBuyer Opendoor is no longer facing the allegations of a copycat commission lawsuit. On Wednesday, Nathaniel Whaley, the sole plaintiff in the Whaley suit , filed a motion to voluntarily dismiss Opendoor without prejudice. The motion noted that the reason for the dismissal was that Opendoor had not yet served an answer or a motion for summary judgment.

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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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Broker Spotlight: Andrew Ellett, Engel & Völkers

Inman

Learn how this Atlanta native became a real estate force to be reckoned with in the wide open spaces of Idaho and Wyoming.

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FOA narrows losses, touts dominance of reverse mortgage market

Housing Wire

Finance of America Companies (FOA), parent of leading reverse mortgage lender Finance of America Reverse (FAR), narrowed its quarterly loss to $20 million and posted an overall improvement in its earnings to $164.7 million in fourth-quarter 2023. The fourth-quarter loss was down from the $25 million in losses posted in Q3 2023, FOA reported during an earnings call on Wednesday.

Mortgages 447
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These up-to-the-minute marketing strategies are getting results now

Inman

Ready to get busy? Trainer and author Bernice Ross talks to Curaytor co-founder and CEO Jimmy Mackin about the marketing plays that are working right now.

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Florida lawmakers greenlight bill that would aid removal of aging buildings 

Housing Wire

Florida lawmakers approved a contentious bill to facilitate the demolition and redevelopment of aging coastal buildings , multiple media outlets reported on Wednesday. The measure, known as the Resiliency and Safe Structures Act (SB 1526), garnered strong support in both chambers of the Legislature, with the House voting 86-29 and the Senate 36-2 in favor.

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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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DelPrete: A new generation of brokerages is on the rise

Inman

It’s a transformative time in the industry, Mike DelPrete writes, and now is an opportunity to pause, step back, critically evaluate and use the moment to get smarter.

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Overflow Crowd Packs Gowanus Church for Rowdy Meeting Over Migrant Shelter

Brownstoner

Spaced elbow to elbow in Hoyt Street’s City Life Church Monday night, Gowanus locals aired their concerns at a community meeting on a migrant shelter for 400 men slated to open in a former factory building on 3rd Street. A vocal group dominated the meeting, heckling speakers and yelling snipes… Read More > The post Overflow Crowd Packs Gowanus Church for Rowdy Meeting Over Migrant Shelter appeared first on Brownstoner.

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7 strategies to master cross-platform marketing

Inman

Luxury consultant Chris Pollinger walks you through the steps to create a cohesive and integrated marketing strategy that leverages a variety of channels for more effective engagement.

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Rookie Reply: Cash Flow vs. Appreciation, Using HELOCs, and Trashed Rentals

Bigger Pockets

Should you invest for cash flow or appreciation?

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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.