Tue.Jan 14, 2025

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From bartender to $463k GCI in two years of cold calling

Housing Wire

Does experience matter for first-year Realtors? If you dig a little deeper into the backgrounds of the agents on the Real Trends Verified list, you might think so. Most have blue-chip professional experience or personal connections with wealthy homeowners. Some have both. But Brandon Halperin had neither. He was a bartender who started his real estate career in a market that was brand new to him.

Agents 370
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Co-ownership of Michael Jordan’s former mansion starts at $1M

Inman

After languishing on the market for more than a decade, the basketball legend's Highland Park, Illinois, estate is now a timeshare, with co-ownership beginning at $1 million, plus 2 percent annual expenses.

Marketing 157
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How to become a real estate broker & launch a brokerage — Advice from a KW mega broker

Housing Wire

When I started my first brokerage in my late twenties, I was full of ambition but had no idea what to expect. While I would like to say I knocked it out of the park on my first try, I had to make many mistakes before considering myself an expert. Despite the learning curve, becoming a broker has been one of the most fulfilling decisions of my career.

Brokerage 370
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Rebuilding Lives After the L.A. Wildfires: A Resource Guide for Recovery

BAM Media

Its one thing to see L.A. wildfires on the news and in social media. Its another to see the destruction and heartbreak in your own neighborhood. The Broke Agent , who lives in the area, has seen plenty of SoCal agents going above and beyond to help their fellow residents in any way they can. People love to take shots at real estate agents. Feels like they are often the public punching bag.

Banks 116
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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 ramped up in Q4, Fannie Mae report shows

Housing Wire

Fannie Mae ‘s latest Home Price Index (HPI) shows single-family home prices increased 5.8% from Q4 2023 to Q4 2024, a surprising increase from the previous quarter’s downwardly revised annual growth rate of 5.4%. Quarterly, home prices rose a seasonally adjusted 1.7% in Q4 2024, an increase from the downwardly revised 1.2% growth rate in Q3 2024.

Mortgages 418

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Mortgage rates will remain elevated while the economy runs hot

Housing Wire

Mortgage rates continued their ascent this week after Fridays jobs report showed that employers added more positions than expected in December, which is likely to cement a pause on interest rate cuts by the Federal Reserve later this month. HousingWires Mortgage Rates Center showed that the average 30-year conforming loan rate was 7.15% on Tuesday, up 6 basis points (bps) from a week ago.

Mortgages 418
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How real estate turns commission trauma into strategic wisdom

Inman

As the industry continues to evolve, the ability to convert market trauma into strategic wisdom will separate the next generation of leaders from those who remain trapped in reactive cycles, marketing strategist Molly McKinley writes.

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Compass strikes again with leadership changes in the Southeast

Housing Wire

Leading brokerage Compass announced some key leadership moves this week to bolster its operations in the Southeast, including Florida. The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. Adam Vellano was promoted to managing director of the South Florida market. And Erika Sheridan was promoted to senior director of marketing and operations in the Southeast.

Brokerage 370
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Lawsuit between NAR, Top Agent Network dismissed — again

Inman

TAN and NAR have agreed to dismiss their lawsuit, according to court documents filed on Monday. However, Top Agent Network can re-file charges or bring the case to another court in the future.

Agents 167
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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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Uncertainty surrounds insurance pricing after wildfires

Housing Wire

As wildfires continue to ravage the LA area a week after starting, the impact on insurance premiums and costs to rebuild are still very uncertain. Despina Buganski, head of North America personal lines for global insurance brokerage and consulting firm WTW , sat down with Reporter Sarah Wolak to talk about how the company is assessing responses from past wildfires as it anticipates the damages from the Palisades and Eaton fires.

Brokerage 368
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Can’t miss sessions at Inman Connect New York 2025

Inman

Inman Connect New York is renowned for gathering the brightest minds in real estate, offering unparalleled access to expert insights and networking opportunities. This January, join industry leaders at the Hilton Midtown for transformative discussions on technology, branding, and market strategies to propel your business into 2025. Discover how to leverage this premier event to enhance your professional growth and adapt to the ever-changing real estate landscape.

Branding 148
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Brookfield Properties’ rental division to acquire Divvy Homes in ‘fire sale’

Housing Wire

Troubled rent-to-own startup Divvy Homes will be acquired by Maymont Homes , a division of Brookfield Properties that manages single-family rental homes. Divvy and Maymont have not released any formal statements to announce the acquisition. Fast Company reported the move last week, describing it as a “fire sale” based on multiple unnamed sources.

Sales 368
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To sell or not to sell? Homeowners reprioritize reasons for waiting

Inman

What are the root causes of the ongoing listing lock-in effect? Team leader Carl Medford looks at seller attitudes and how to tap into the percentage of homeowners who are willing to move.

Agents 158
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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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NAR and Top Agent Network agree to dismiss lawsuit

Housing Wire

The on-again-off-again legal battle between Top Agent Network (TAN) and the National Association of Realtors (NAR) is now off. On Monday, the parties notified Judge Vince Chhabria of the U.S. District Court for the Northern District of California, that they had agreed to dismiss the suit without prejudice. According to the filing, the parties are going to bear their own attorneys fees, costs and expenses.

Agents 370
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The Truth About Credit Scores and Buying a Home

Keeping Current Matters

Your credit score plays a big role in the homebuying process.

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Most people view homeownership as part of the American dream

Housing Wire

For the majority of Americans, homeownership remains an important part of the American dream, according to a study published Tuesday by Realtor.com. Through a survey of a random sample of more than 2,000 adults conducted in early November, Realtor.com found that 75% of Americans believe homeownership is part of the American dream. Additionally, the survey found that 64% of Americans identify homeownership as one of their life goals, while 50% of respondents believe that homeownership is necessar

Land 397
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Nominations are open for Inman’s 2025 real estate awards program

Inman

Inman Awards recognizes outstanding accomplishments across the residential real estate industry with eight distinctive categories. Each award shines a spotlight on the companies and individuals at the forefront of the real estate industry, as well as in specialties including mortgage and finance, marketing, proptech, leadership and AI.

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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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Professional fix-and-flip market poised for growth in 2025

Housing Wire

Improving and selling or refinancing houses for investment purposes has long been the purview of part-time entrepreneurs looking to earn additional income. However, as capital available to fix-and-flip and fix and hold investors becomes more institutionalized through the issuance of Residential Transition Loan (RTL) and Debt Service Coverage Ratio Loan (DSCR) securitizations, the opportunity to turn part-time investing into a full-time business for these entrepreneurs will continue to grow subst

Marketing 397
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Investor sentiment nosedives as rates rise, rents fall

Real Estate News

After improving earlier in the year, sentiment plunged between the third and fourth quarters of 2024, though flippers were less pessimistic than landlords.

Investor 304
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Fresh coat of paint: Rocket unveils the first stage of its rebrand

Housing Wire

Rocket Companies , the parent of Rocket Mortgage , on Tuesday unveiled a refresh to its brand identity in an effort to unify Rocket’s many companies under a single umbrella. As part of this effort, Rocket is rebranding some of its businesses. Its title producer and appraisal management arm, Amrock , will now be known as Rocket Close. Additionally, Amrock Title Insurance Co. has relaunched as Rocket Title Insurance Co.

Staging 370
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How to Find Cash Home Buyers in Macon for a Hassle-Free Home Sale

HomeLight

For Macon homeowners seeking a fast and hassle-free sale, selling to a cash buyer may be a practical solution. Macon’s thriving aerospace, manufacturing, and automotive sectors, coupled with its relative affordability, attract both local and out-of-state investors. With the recent slowdown in the Macon housing market due to high interest rates, now may be an opportune time to explore a cash sale, especially if you prioritize a quick and seamless transaction.

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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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CertifID acquires digital payment platform Paymints.io

Housing Wire

Wire fraud protection firm CertifID has acquired digital money transfer firm Paymints.io , according an announcement on Tuesday. The financial terms of the deal were not disclosed. Paymints.io is frequently used by title companies , law firms and real estate brokerages to transfer funds between parties in a real estate transaction. The company provides a white-labeled digital payment platform to customers, allowing title companies and law firms to integrate digital payments into their own client

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How to Find Cash Home Buyers in Boston for a Hassle-Free Home Sale

HomeLight

If you’re a Boston homeowner looking for a quick sale without the complexities of a traditional listing, working with a cash buyer may be your best option. Boston’s thriving economy, driven by industries like technology, education, and healthcare, continues to attract local and out-of-state investors. While the market has cooled slightly since its June peak, year-over-year increases in single-family home prices indicate that it remains relatively strong.

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Lower names former Redfin exec Adam Wiener as its new president

Housing Wire

Digital mortgage lender Lower on Tuesday announced the hiring of Adam Wiener as its new president. Wiener, who previously served as president of real estate services at Redfin , will lead Lowers technology, marketing, data science and direct-to-consumer sales organizations. In an exclusive interview with HousingWire , Wiener shared that he started his new role on Dec. 9. “I took about a year off after Redfin,” Wiener explained. “But certainly, as I started to look for new oppor

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Expect the Unexpected: Bright Economist Lisa Sturtevant on the 2025 Housing Market

RIS Media

When it comes to the housing market, in 2025, the only thing we should expect is the unexpected. At least thats what Dr. Lisa Sturtevant, chief economist at Bright MLS, had to say about the state of the housing market during RISMedias Real Estates Rocking in the New Year virtual event last week. With todays… The post Expect the Unexpected: Bright Economist Lisa Sturtevant on the 2025 Housing Market appeared first on RISMedia.

Marketing 111
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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.