Housing Wire

MARCH 7, 2024

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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Keeping Current Matters

MARCH 7, 2024

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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Housing Wire

MARCH 7, 2024

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.

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Equity Mortgages Loans As-is 494

Real Estate News

MARCH 7, 2024

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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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.

Industrial

Housing Wire

MARCH 7, 2024

The migration surge that characterized the early years of the COVID-19 pandemic has come to an end, according to an analysis from John Burns Research & Consulting. Against a backdrop of constrained housing supply , the pace of migration has slowed compared to 2020 and 2021. But where movement does occur, it tends to be over shorter distances. The allure of affordable cities near major, higher-priced metro areas has gained traction, marking a shift from the suburban exodus observed during the

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Real Estate News

MARCH 7, 2024

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.

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Mortgages 265

Real Estate News

MARCH 7, 2024

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

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Agents 293

Housing Wire

MARCH 7, 2024

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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Real Estate News

MARCH 7, 2024

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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Housing Wire

MARCH 7, 2024

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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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.

Brokerage

Real Estate News

MARCH 7, 2024

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

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Housing Wire

MARCH 7, 2024

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.

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Banks Lending Residential Staging 438

Inman

MARCH 7, 2024

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.

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Brokerage Agents 183

Housing Wire

MARCH 7, 2024

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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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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Inman

MARCH 7, 2024

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

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Marketing Industrial Branding 193

Housing Wire

MARCH 7, 2024

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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Technology Title Industrial Loan Officer 442

Inman

MARCH 7, 2024

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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Loans Finance Mortgages 181

Housing Wire

MARCH 7, 2024

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.

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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.

Agents

Inman

MARCH 7, 2024

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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Agents Technology Brokerage 170

Housing Wire

MARCH 7, 2024

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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Real Estate News

MARCH 7, 2024

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

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Housing Wire

MARCH 7, 2024

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.

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Mortgages Marketing Equity Finance 423

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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.

Sales

Inman

MARCH 7, 2024

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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Marketing Branding Brokerage Agents 165

Housing Wire

MARCH 7, 2024

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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Construction 284

Inman

MARCH 7, 2024

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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Brokerage Industrial 166

Brownstoner

MARCH 7, 2024

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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Marketing 132

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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.

Brokerage

Inman

MARCH 7, 2024

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.

Marketing 169

Marketing Branding Agents 169

Eye on Housing

MARCH 7, 2024

Per the Mortgage Bankers Association’s (MBA) survey through the week ending March 1st, total mortgage activity increased 9.7% from the previous week, and the average 30-year fixed-rate mortgage (FRM) rate fell two basis points to 7.02%. The 30-year FRM has risen 22 basis points over the past month as rates remain right around seven percent.

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Fixed-rate mortgage Mortgages 124

Inman

MARCH 7, 2024

Two consumers filed the class-action suit in the Circuit Court of Cook County. Unlike similar cases, the latest seeks to represent buyers and sellers — and only names Baird & Warner as a defendant.

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Brokerage Industrial Agents 144

RIS Media

MARCH 7, 2024

Although the legal battle over commissions and anti-trust in real estate is far from over, lawyers representing plaintiffs in the two oldest commission suits are hoping their payday comes sooner rather than later, as last week they filed their official request for “reasonable attorney fees” to be drawn from settlements. Just under $70 million of… The post Plaintiffs’ Lawyers Request $82 Million From Burnett, Moehrl Settlements appeared first on RISMedia.

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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.

Agents