Tue.Jan 14, 2025

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LA mayor issues order to expedite home construction amid wildfires

Housing Wire

Los Angeles Mayor Karen Bass issued an executive order late on Monday that aims to speed up the rebuilding process in areas destroyed by the wildfires that have burned thousands of homes in Southern California. The order directs city agencies to expedite the building permitting process in affected areas by having discretionary review procedures waived, with a goal of getting permit approvals within 30 days.

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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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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 332
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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 204
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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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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 271
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Clear Cooperation lawsuit dismissed (again)

Real Estate News

TAN, a private listing network, has agreed to drop its case against NAR after nearly five years of litigation and previous dismissals. Will this be the end?

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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 125
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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 293
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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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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 317
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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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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 137
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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 332
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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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Conforming mortgage share hit record low in December

Housing Wire

At the tail end of 2024, mortgage borrowers shifted their attention away from conforming mortgages and toward refinance opportunities. A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December. Optimal Blue’s December 2024 Market Advantage report is a monthly study that analyzes key indicators to provide insights into U.S. mortgage market trends.

VA loan 284
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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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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 114
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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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Something as small as a sesame seed can sink an experience

Inman

Coach Darryl Davis offers insight into how a small mistake or moment of carelessness can undermine not only your professional reputation but the industry as a whole.

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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 251
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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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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 120
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Appraisers have new time adjustment requirements starting Feb. 4

Housing Wire

Appraisers are getting more responsibilities. As of Feb. 4, appraisers will be required to submit a report that the market analysis they produced supports both the indicated overall market trend and market-derived time adjustments for changes in market conditions. They will also have to include an illustration of the methodology used to determine specific comparable sale time adjustments for changes in market conditions, according to a Fannie Mae selling guide published in early November.

Finance 224
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The Price of Privacy: How Much Does It Cost to Build a Fence?

HomeLight

Youd love to host your family for an outdoor dinner, soak up some rays on the patio, or relax in the hot tub after a stressful day on a more regular basis. The trouble is you feel like youre on top of your neighbors or in a fishbowl surrounded by watchful eyes. A little privacy would make all the difference in the enjoyment of your yard, and create a respectful distance.

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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 226
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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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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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 224
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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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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 219
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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Century 21 Brand Expands to Central Utah with Acquisition of Sanpete Valley Realty

RIS Media

Century 21 Real Estate LLC. has announced it is expanding its presence to central Utah with its latest affiliation of female-led Sanpete Valley Realty based in Ephraim. The firm, now doing business as CENTURY 21 Essentials Realty, was founded in 1983 by Theresa Alder, the mother of the current principal broker, Tiffany Alder-Bown, the company… The post Century 21 Brand Expands to Central Utah with Acquisition of Sanpete Valley Realty appeared first on RISMedia.

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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 224
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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 66
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New FHFA final rule seeks to expand liquidity for FHLBank system

Housing Wire

The Federal Housing Finance Agency (FHFA) on Tuesday announced the publication of a new, final rule in the Federal Register seeking to expand liquidity for the Federal Home Loan Bank (FHLBank) system, which would be accomplished by adjusting the treatment of some short-term FHLBank investments. The rule modifies the systems limit on the extension of specified forms of unsecured credit, according to FHFA, giving the banks more control over how they manage short-term investments.

Banks 271
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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.