Wed.Aug 21, 2024

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Wildfires threaten 2.6 million homes in the western U.S.: CoreLogic

Housing Wire

Climate change has supercharged wildfires in high-risk areas across the country, and the impacts on housing could be catastrophic. A new report from CoreLogic found that 2.6 million homes across 14 western states are at risk from wildfires. California is by far the state with the most homes in danger at 1,258,748, followed by Colorado (321,294) and Texas (244,617).

Closing 106
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The Number One Mistake Sellers Are Making: Overpricing Their House

Keeping Current Matters

In today's housing market, many sellers are making a critical mistake: overpricing their houses.

Marketing 356
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Agents are prepping sellers for a greater variety of offers

Housing Wire

While there have not been any “ horror stories ” in the first few days since business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement were implemented, that doesn’t mean it has been completely smooth sailing for real estate professionals. For Linda O’Koniewski , the broker-owner of Leading Edge Real Estate , one of the largest hiccups so far was when one of her agents brought a buyer offer that included concessions to a sel

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Gibson attorneys seek one-third of the settlement pot

Real Estate News

In a court filing, lawyers called the nearly $37 million request “reasonable” and “appropriate” based on the risk and hours involved.

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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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Fannie Mae economists lower their expectations for 2024 home sales

Housing Wire

Mortgage rates have moved lower in recent months, but Fannie Mae economists said Wednesday that this won’t be enough to increase the number of homes sold in the foreseeable future. Fannie Mae’s Economic and Strategic Research (ESR) Group downgraded its forecasts for 2024 and 2025 home sales based on a number of reliable metrics that have “barely budged in response to the more favorable rate environment.“ These include purchase mortgage application levels, home tour requests and online views of l

Sales 476
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The story behind the ‘hard line’ of MLS fines

Real Estate News

“We have to protect our brokers and agents” from the risks of violating the NAR deal to settle commissions lawsuits, said Merri Jo Cowen, CEO of Stellar MLS.

MLS 301

More Trending

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Consumer group behind Moehrl flags commission workarounds

Inman

Doug Miller of Consumer Advocates in American Real Estate, the initiator behind the first bombshell antitrust lawsuit, sounds alarm against Realtor talking points that "continue steering.

MLS 193
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How to work more effectively with vendors and affiliates

Housing Wire

We all know there are some significant changes happening in the real estate industry. It’s more important now than ever that your vendor and affiliate relationships become a cohesive extension of you. Whether you have a team or not, you should think of vendors and affiliates as an extension of your team. If you consider your vendors and affiliates part of your team, do they know that?

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It will take time for falling rates to translate into sales: Fannie Mae

Inman

Affordability challenges will limit growth in home sales to 0.5 percent this year — to just 4.78 million — before surging to 5.19 million in 2025, according to the latest housing forecast from Fannie Mae economists.

Sales 190
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It’s time for real estate to do the right thing

Housing Wire

Doing the right thing is easy in theory, but often the hardest in practice. Our family established Baird & Warner more than a century ago with a mission to serve buyers and sellers with transparency and integrity, and we’ve endured many changes in our industry during this time. Sometimes, our choices haven’t been the most popular, but it’s always been in our DNA to do what’s right.

MLS 435
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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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Bureau of Labor Statistics revises job growth downward by 818K

Inman

The numbers suggest that the labor market cooled off much faster than was previously thought and is not in as strong a position as believed. The Federal Reserve now also has a case to make a bigger cut in interest rates than initially anticipated come September.

As-is 183
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New York spotlights reverse mortgage scam risk on National Senior Citizens Day

Housing Wire

In conjunction with National Senior Citizens Day on Wednesday, the New York Department of State ’s Division of Consumer Protection is circulating a series of tips that aim to help older adults avoid financial scams and exploitation. One way that bad actors may try to take advantage of older Americans is through reverse mortgages. “Not all reverse mortgages are scams, but scammers can pose as lenders to pressure you into signing contracts,” the division advises in its bulletin.

Mortgages 435
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How was your first week post-NAR settlement changes? Pulse

Inman

What jitters, hiccups and horror stories did you encounter (if any) as buyer agreements and MLS-based commission offers changed?

MLS 183
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Origins: Moving from hospital administration to reverse mortgages

Housing Wire

David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina , didn’t feel like he had to shake up his approach to working with seniors when he became involved in the reverse mortgage industry. Having experience in the health care field prior to entering the mortgage business, it mainly meant reorienting himself from serving the physical health needs of older Americans to now serving their financial health needs.

Mortgages 434
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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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Doma grows revenue, cuts Q2 losses on eve of going private again

Inman

Title tech provider expects $85 million merger with Dallas, Texas-based title insurance underwriter Title Resources Group to close later this year.

Title 183
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CFPB orders Fay Servicing to pay $2M over illegal foreclosure practices

Housing Wire

The Consumer Financial Protection Bureau (CFPB) has settled a case with Florida-based Fay Servicing over illegal conduct in foreclosures. The deal includes a $2 million fine and potential limitations to the CEO’s compensation. A company spokesperson wrote to HousingWire that “Fay continues to strongly disagree with the CFPB’s claims in this matter, but we made a business decision to settle.” “While we disagree with the CFPB’s positions, we are pleased to put this matter behind

Mortgages 434
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Howard Lorber still in stockholders’ good graces after annual meeting

Inman

The CEO of Douglas Elliman was elected a director of the company alongside David K. Chene and Patrick J. Bartels during an annual stockholders meeting on Wednesday, much to the dismay of some disgruntled stockholders.

Brokerage 183
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Another downtown Seattle office tower is set for housing conversion

Seattle Times Real Estate

Officials are offering tax breaks and regulatory relief as fewer office workers return to once-busy areas. In Seattle, nearly a third of downtown office space is empty or available for sublease.

As-is 139
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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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Law firms seek $36.8M out of $110M settlement pool in Gibson

Inman

In a filing outlining costs and expenses, plaintiffs' attorney Michael Ketchmark estimates he has spent 7,000 hours on Gibson and other commission suits for work totaling $10.1 million since 2019.

Brokerage 179
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Rentals Cool—Here’s Where Concessions Are Picking Up

Bigger Pockets

The rental market has been on a downward trajectory for a while, but now a third of landlords are offering concessions.

Marketing 132
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Thumbtack pins new product on task management for homeowners

Inman

Thumbtack for Real Estate is an agent-facing co-branded experience that lets licensed professionals deliver an intuitive workflow for task management, from moving company provisioning to room renovation.

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Making $300K+ Profit Per Rental and Scaling FAST with “DADUs”

Bigger Pockets

Making a $300,000 profit from ONE rental?! Imagine how quickly you could reach financial freedom by raking in this amount of profit and reinvesting it into your real estate portfolio.

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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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Always growing: Surround yourself with trusted advisors

Inman

Sisters Amy Chorew and Maeda Palius share why it's important to surround yourself with a group of trusted advisors to support your personal and business growth.

Mortgages 179
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Real Estate Webmasters’ Summer of Innovation Empowers Customers With the Tools and Knowledge They Need to Excel

RIS Media

With the release of Real Estate Webmasters’ (REW) newest CRM, the leading real estate technology innovator has leapfrogged every other “all-in-one” real estate platform to take the No. 1 spot in the combined website, lead generation and CRM space, according to the company. “When Zillow acquired Follow Up Boss (FUB), I knew it was time… The post Real Estate Webmasters’ Summer of Innovation Empowers Customers With the Tools and Knowledge They Need to Excel appeared first on RISMedia.

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Investors now certain Fed will cut in September. But by how much?

Inman

Falling mortgage rates have more homeowners interested in refinancing, but homebuyers are largely staying on the sidelines. Rates may now be poised for a bigger drop.

Investor 179
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Where We’d Invest in Real Estate in 2024 if We Were Starting from Scratch

Bigger Pockets

New to real estate investing? In the beginning, you’re drowning in recommendations of where to invest in real estate, especially in 2024. Everyone is shouting different markets at you, “Cleveland!

Marketing 125
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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 strategies for creating better opportunities in your business 

Inman

The difference between those who thrive and those who merely survive isn’t luck — it’s the choices they make, trainer and author Bernice Ross writes.

Brokerage 177
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Mortgage Applications Drop, Refinance Activity Remains High

RIS Media

Mortgage applications decreased 10.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 16, 2024. This is a large decrease from the most recent weeks of increases, however refinance activity remains strong as rates have lowered. This week’s data: The Market Composite Index,… The post Mortgage Applications Drop, Refinance Activity Remains High appeared first on RISMedia.

Mortgages 124
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Nominations close soon for Inman’s inaugural AI Awards

Inman

The public nomination period for Inman’s AI Awards closes Sept. 6. Until then, all members of the Inman community are invited to nominate AI visionaries for consideration.

Closing 174
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Six Iconic Real Estate Leaders to Be Inducted in 2024 RISMedia’s Newsmakers Hall of Fame

RIS Media

Forging through a year engulfed in ongoing lawsuits and unexpected scandals and topped off by rising interest and mortgage rates and skyrocketing home prices, this year’s RISMedia Real Estate Newsmakers Hall of Fame class not only stands out for their companies’ continued success in an increasingly difficult market, but also for their firms’ newsworthy accomplishments… The post Six Iconic Real Estate Leaders to Be Inducted in 2024 RISMedia’s Newsmakers Hall of Fame appeared first on RISMed

Mortgages 122
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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.