Wed.Feb 12, 2025

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Redfin to lay off 450 employees in its rental division

Housing Wire

Redfin has announced yet another round of layoffs. According to a document filed with the Securities and Exchange Commission Tuesday evening, Redfin will be cutting 450 employees from its rental division. This announcement came just hours after Zillow announced a syndication deal with Redfin for its rental listings on its Q4 2024 earnings call with investors.

Investor 421
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Rising inflation dims hopes for mortgage rate relief

Real Estate News

The latest CPI data suggests rates will remain elevated heading into the spring shopping season, and some analysts now expect just one rate cut this year.

Mortgages 276
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12 real estate thank you note templates to dazzle your clients

Housing Wire

Real estate thank you notes are an easy, underutilized tool in the real estate world. With so many aspects of our lives and businesses going virtual, a snail mail thank you note is more impactful and memorable than ever before. It adds a personal touch and makes me stand out from all the other agents out there. Ive used thank you notes in my business for over a decade and even received referrals from people Ive met at networking events because they were so impressed by my immediate follow-up not

Agents 342
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Redfin to cut 450 roles following Zillow rentals deal

Real Estate News

The company, which signed an exclusive listings partnership with Zillow on Feb. 11, will complete the layoffs in July as it restructures its rentals segment.

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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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RedKey Realty Leaders expand in St. Louis with addition of Circa Properties

Housing Wire

RedKey Realty Leaders , an independent agency based in St. Louis , recently announced a major expansion move. The company added Circa Properties , another boutique brokerage with a strong local presence, but the merger is more about alignment than anything else, according to RedKey leaders. RedKey Realty is the top independent real estate agency in St.

Brokerage 359
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Breaking Into the Market: Smart Moves for First-Time Buyers

Keeping Current Matters

If you’re like a lot of aspiring homebuyers, there’s a major hurdle standing in your way — the cost of living.

Marketing 217

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Windermere reinforces DEI pledge with appointment of new director

Inman

Brooks Glenn will serve as the Seattle-based brokerage's diversity, equity and inclusion director. President OB Jacobi said Windermere "feels strongly" that now is the time to bolster DEI efforts.

Equity 158
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What’s the fuss over Realtor-owned MLSs opening the door to all agents?

Housing Wire

In some states, the door has been open for many years to real estate agents who want to access their local MLS without being a Realtor. But controversy has been rising of late after actions by associations in Phoenix and Austin. (Image generated by AI through Midjourney) In 1994, the National Association of Realtors (NAR) amended its national policy for multiple listing services (MLSs), allowing local Realtor boards and associations to decide whether they wanted to allow non-Realtors to subscrib

MLS 313
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What’s one thing you would tell yourself as a new agent? Pulse

Inman

If you could go back and talk to young you, would you give yourself business advice, a word of warning or a little kindness?

Agents 158
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Slightly lower mortgage rates fuels strong refi activity

Housing Wire

Mortgage applications increased 2.3% on a seasonally adjusted basis in the latest MBA survey. This follows the prior week’s 12% increase in refinance applications, which marked the strongest refi week in months. The Mortgage Bankers Association ‘s market composite index increased 6% on an unadjusted basis compared with the previous week.

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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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Sibcy Cline settlement makes it past 1st round in court

Inman

Judge Stephen R. Bough of the U.S. District Court for the Western District of Missouri granted preliminary approval to the $895,000 deal, finding it "fair, reasonable and adequate.

Brokerage 148
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Julie Kheyfets on home renovation trends: Demand is approaching 2022 levels

Housing Wire

In this week’s episode of the Top of Mind podcast , host Mike Simonsen is joined by Block Renovation CEO Julie Kheyfets. The duo explore current and upcoming trends in the home renovation market. This interview has been edited for length and clarity. To start the conversation, Simonsen and Kheyfets dive into what Block Renovation offers to homebuyers.

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5 reasons homebuyers need their own agent now more than ever

Inman

It's tough out there for buyers, and their agents, trainer Bernice Ross writes. Find out how to assist buyers throughout their purchase process and beyond to set them up for success.

Agents 144
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The playbook for a rookie loan officer: What I’m telling my son before his first year

Housing Wire

Entering the mortgage industry as a loan officer can be both exciting and overwhelming. With a 100% commission-based structure, success isnt guaranteed its earned. The first year is crucial for developing the habits, relationships, and skills that lay the foundation for long-term success. Ive spent years in the industry , and as my son prepares to take his NMLS exam, these are the key expectations I will share with him to navigate his first year in the business. 1.

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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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3 non-traditional places to start recruiting your next team member

Inman

The industry is changing, and your same recruiting tactics may no longer work. Broker Julie Busby offers new ideas for building your team today.

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Government urged to intervene on spray foam insulation issues

Estate Agent Today

The Government is being urged to intervene on the use of spray foam insulation.

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Mr. Cooper’s tech investments paying off as portfolio hits $1.5T

Inman

Dallas-based loan servicer is using AI to collect monthly mortgage payments from 6.7 million homeowners, a business that generated $393 million in pretax income during the fourth quarter.

Loans 138
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RICS: Buyer demand continues to cool but market may heat up

Estate Agent Today

The property market had a flat start to the year but there is optimism about the months ahead, surveyors claim.

Marketing 111
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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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BoldTrail’s Vitals Dashboard digs into business drivers

Inman

BoldTrail's Vitals Dashboard offers company leaders a way to analyze individual agent performance with real-time user metrics that peel back how tools are being put to use to respond to leads or react to deal hurdles, among other uses.

Agents 127
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6 Reasons Why New Construction is Winning This Year

Bigger Pockets

In todays rapidly evolving real estate market, new construction rental properties are emerging as the clear choice for savvy investors.

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Weichert and eXp continue fight against Gibson commission claims

Inman

As the brokerages try to fend off allegations of a "sweetheart deal" in a separate case, they respond to the antitrust complaint they're facing in a Missouri court.

Brokerage 113
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Hunters founder: ‘We almost went bust after Black Wednesday’

Estate Agent Today

Hunters founder Kevin Hollinrake has revealed how he feared that the agency would go bust just months after it launched.

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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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Helping Buyers Avoid the ‘House-Poor Trap’: A Guide

RIS Media

Buying a home is one of the most significant financial decisions most people will make in their lifetime. Yet, many buyers find themselves becoming house poor after achieving this American Dream. Nearly three in 10, or 27.4%, U.S. homeowners with a mortgage are house rich, cash pooror house poor, meaning they spend more than 30%… The post Helping Buyers Avoid the House-Poor Trap: A Guide appeared first on RISMedia.

Mortgages 107
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Affordable Housing Lottery Opens for $1,537 Units at Greenpoint Waterfront Towers

Brownstoner

An affordable housing lottery has launched for 251 apartments in a two-building complex in Greenpoint dubbed The Riverie. Located on the banks of the East River, right behind the Greenpoint Ferry Terminal, the development is the latest Greenpoint tower to replace low-slung industrial brick warehouses. Australian-based Lendlease, the owners of The… Read More > The post Affordable Housing Lottery Opens for $1,537 Units at Greenpoint Waterfront Towers appeared first on Brownstoner.

Banks 110
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Investor who worked with Fox & Friends host sentenced for fraud

Inman

Bert Whalen was ordered to serve over 3 years in prison for his role in a scheme to sell hundreds of dilapidated homes to rookie investors, working at times with a former host of Fox & Friends.

Investor 108
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Who Explains the Rates Better: Jerome Powell or Elon Musk?

BAM Media

“Mortgage rates arent going anywhere.” That was the underlying message from Fed Chair Jerome Powell during his latest Monetary Policy Report to Congress. As homebuyers and real estate professionals anxiously watch for signs of relief, Powells testimony before the Senate Banking Committee made one thing clear: the Federal Reserve isnt in a rush to cut ratesand even when it does, the housing markets biggest challenges wont disappear overnight.

Banks 108
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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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New York broker sues Zillow, saying StreetEasy ‘masked’ his listings

Inman

George T. Spyridakis, an associate broker with eXp Realty, alleged Zillow's StreetEasy allowed multiple brokers to list the same unit on the platform, effectively hiding it from public view.

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One Agent’s Cunning Open House Tactics to Close Down the Competition

RIS Media

While smiles, courtesy and friendliness are an agents calling cards with everyone, lets be real about the residential real estate business. While it may not be purely a cutthroat calling, there are no nice tries for buyers. Your client either captures the flag with a winning bid for a home or you trudge back to… The post One Agents Cunning Open House Tactics to Close Down the Competition appeared first on RISMedia.

Closing 99
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Homebuyers gain leverage as sellers cut prices: Zillow

Inman

Prospective homebuyers have a better shot at securing a dream home as sellers continue to lower listing prices, according to a recent analysis by Zillow. Despite persistently high mortgage rates, buyers are capitalizing on these price reductions to negotiate better deals.

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Park Slope Duplex With Lavish Woodwork, Mantels, Stained Glass Asks $2.5 Million

Brownstoner

The details are impressive, and the price for this two-bedroom co-op is rather grand as well. With high ceilings, plasterwork, stained glass, and built-ins, it is one of two units in an early 20th century limestone at 549 1st Street. Built as a single-family circa 1901, the house is one of… Read More > The post Park Slope Duplex With Lavish Woodwork, Mantels, Stained Glass Asks $2.5 Million appeared first on Brownstoner.

As-is 81
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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.