Housing Wire

AUGUST 26, 2024

The National Association of Realtors (NAR) is facing yet another lawsuit. The latest complaint, which is seeking class-action status, was filed on Friday by eight real estate agents in Los Angeles County Superior Court. The suit claims that NAR, along with Move Inc., Move Sales , OpCity Acquisitions , OpCity Inc. and REA Group Ltd. — which, according to the complaints, are all wholly owned subsidiaries of Move and News Corp , who is also a defendant — defrauded agents by selling them fake lead

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Purchase and sale agreement Sales Agents Design 513

Keeping Current Matters

AUGUST 26, 2024

You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years.

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Mortgages 320

Housing Wire

AUGUST 26, 2024

Although the industry is barely than a week into the “ new normal ,” some real estate agents and brokers are already seeing smaller buy-side commissions. “It kind of started before the [ National Association of Realtors ] settlement went into effect, but commission compression is a real thing,” Brian Huskey, the broker-owner of Montana-based ERA American Real Estate , said.

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Brokerage Agents Industrial Banks 511

Real Estate News

AUGUST 26, 2024

Agents from six states allege that the parent company of Realtor.com sold dubious leads, and said NAR — also a defendant — was “complicit” in the scheme.

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Agents 301

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

AUGUST 26, 2024

Detroit-headquartered Rocket Mortgage on Monday rolled out a lender-paid 2-1 temporary buydown program for lower-income households. The program, dubbed “Welcome Home RateBreak,” is available to buyers purchasing a single-family home and earning 80% or less of their area median income (AMI). Rocket estimates the size of this segment at more than 90 million people.

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Loans Mortgages Industrial As-is 501

Real Estate News

AUGUST 26, 2024

Brokerages need to define their purpose in this new era, says Keller Williams CEO Mark Willis, and training, tech will be key to KW’s identity.

Brokerage 278

Brokerage 278

Real Estate News

AUGUST 26, 2024

Pending sales for all other tiers were down compared to last year, but entry-level homes attracted significant buyer interest in July.

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Sales 276

Housing Wire

AUGUST 26, 2024

As the housing market continues to be marked by high mortgage rates and record-breaking home prices across many U.S. regions, renting continues to play a pivotal role for millions of people. Currently, more than 44 million U.S. households rent their homes, a figure that is expected to continue to rise as economic conditions make homeownership less and less attainable.

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Marketing Investor Construction Development 457

Inman

AUGUST 26, 2024

The Florida-based brokerage's buyer-focused marketing and educational resources are made for agents in need of assistance as they pitch buyer representation services, executives told Inman.

Agents 197

Agents Brokerage Marketing Technology 197

Housing Wire

AUGUST 26, 2024

By maintaining a consistent posture that is informed by the dynamics of the traditional forward mortgage business, Rate ’s reverse mortgage division has seen notable growth in the year after the appointment of new leadership. Ryan Ogata, Rate’s executive vice president of reverse mortgage lending, previously described how his experience in the forward lending business helped to inform the way he approaches reverse.

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Mortgages Lending Loan Officer Loans 446

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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

Inman

AUGUST 26, 2024

Eight Realtors are seeking class action status in their lawsuit against Realtor.com for allegedly selling unvetted and fraudulent buyer and seller leads. This is the third lawsuit against Realtor.com and parent company Move over its lead gen business.

Agents 197

Agents 197

Housing Wire

AUGUST 26, 2024

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. There are fewer homes for sale now than a week ago. Inventory seems to have peaked for the season and is slowly inching down. There appears to be two reasons we’re seeing a seasonal peak in unsold inventory now, when last year inventory in these states didn’t peak until the end of November.

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Marketing Sales Finance Mortgages 459

Inman

AUGUST 26, 2024

Pending sales of starter homes surged 10.2 percent in July, reaching their highest point since October 2022 as mortgage rates began to decline, according to data released Monday by Redfin.

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Sales Marketing Mortgages 192

Housing Wire

AUGUST 26, 2024

Mike Roberts is about to make his first early payoff (EPO) penalty in two years after finding out that one of his clients refinanced a $355,000 loan with a 7.25% rate that Roberts closed in April. “The amount that we received in yield spread was 1.72%, which equates to $6,106,” said Roberts, co-founder and president of City Creek Mortgage. “He didn’t refi with us, so we are not making back money.

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Purchase and sale agreement Investor Loans VA loan 457

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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.

Agents

Inman

AUGUST 26, 2024

HomeLight is partnered with more than 10,000 loan officers and 28,000 real estate agents to offer Buy Before You Sell in 46 states and Washington, D.C. -- everywhere but Alaska, Massachusetts, New York and Rhode Island.

Land 186

Land Loan Officer Loans Agents 186

Housing Wire

AUGUST 26, 2024

The baby boomer generation is “slipping through the cracks” of the U.S. retirement system due to the rising prices of home insurance across the country, according to an analysis from online insurance marketplace Insurify. “A new source of financial strain on retiree budgets is homeowners insurance premiums, which have skyrocketed by 20% between 2021 and 2023,” the report stated, citing data compiled by the company.

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As-is Finance 457

Inman

AUGUST 26, 2024

A lawsuit filed in New York this month alleges that Copperfield abandoned his penthouse in a state of disrepair, leaving the Galleria's other residents to deal with flooding apartments and common areas below the unit.

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182

Housing Wire

AUGUST 26, 2024

Proptech HomeLight has raised $20 million to expand the offering of its Buy Before You Sell product to mortgage lenders and real estate agents across 40 new states, the company announced on Monday. Zeev Ventures , an early-stage venture fund, led the Series D extension, and was joined by Stereo Capital and Menlo Ventures. According to Crunchbase estimates, HomeLight has raised $762.5 million in 15 funding rounds with 25 investors since its inception in 2012.

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Equity Loan Officer Lending Investor 452

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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

AUGUST 26, 2024

The launch comes as the Baby Boomers race into their elder years, creating what some observers have referred to as a "silver tsunami.

Brokerage 195

Brokerage Industrial Agents 195

Housing Wire

AUGUST 26, 2024

When interest rates began skyrocketing more than two years ago, mortgage companies faced a pivotal decision regarding a crucial part of their business: the servicing portfolio. This period was a windfall for servicers. Rising rates typically slow down borrower prepayments, increase the fair value of mortgage servicing rights (MSRs), and enable companies to earn more interest on funds held in escrow accounts.

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Mortgages Banks Debt-to-income ratio Loans 435

Inman

AUGUST 26, 2024

A week after being named CEO, Wacksman shared what it's like to take the baton from Zillow co-founder Rich Barton, the power of technology and the role portals play in a post-settlement world.

Technology 178

Technology 178

Housing Wire

AUGUST 26, 2024

Compass is making progress on its goal of establishing a 30% market share in 30 of country’s top metro areas. The brokerage has expanded its roster in Houston with the addition of Natasha Simon, who brings $892 million in career sales across 1,200 transactions to the company. She was previously with LPT Realty, a Keller Williams affiliate. “It’s an exciting time to join Compass,” Simon said in a statement.

Agents 417

Agents Brokerage Land Sales 417

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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

AUGUST 26, 2024

The best real estate lead isn't always the hottest or most time-sensitive one. Chris Drayer shares how to reach out and lead nurture in a way that's best for both you and your potential client.

Agents 166

Agents Marketing 166

RIS Media

AUGUST 26, 2024

Probate in real estate refers to the legal process of transferring property after a homeowner’s death. This process involves validating the deceased’s will, settling debts and distributing assets to heirs. Understanding probate is crucial for buyers, sellers and inheritors of real estate. Understanding estate planning for the family should never be overlooked.

Industrial 142

Industrial 142

Inman

AUGUST 26, 2024

The team addition will grow SERHANT.'s reach in Florida beyond existing markets of Miami, Tampa and Delray Beach. The firm has recently added 77 agents across all its markets.

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Agents Marketing Brokerage 163

BAM Media

AUGUST 26, 2024

Join us at BAM Mania October 17-18 for actionable insights from industry legends, proven strategies for marketing that puts people before algorithms, and addictive entertainment from the funniest people in real estate. Vegas will never be the same. Sign up now before the ticket price goes up. BAM Key Details: On Friday, August 23, eight Realtors filed a lawsuit against Realtor.com’s parent company, Move.

Agents 122

Agents Industrial Closing As-is 122

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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

AUGUST 26, 2024

Consider these three tips for showcasing experience, skills and trust to prospective customers.

Agents 187

Agents 187

Bigger Pockets

AUGUST 26, 2024

Isn't it supposed to be easier to buy a home when you make more money? The data suggests that it's actually harder in many wealthier states.

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129

Inman

AUGUST 26, 2024

Agents are having very different experiences in the Midwest compared to the coastal South. Intel breaks down two years of Realtor.com data to get to the bottom of this split market.

Agents 138

Agents Marketing 138

HomeLight

AUGUST 26, 2024

Could you buy a house today if you wanted to? The answer largely depends on one critical factor: your credit score. This key number can significantly influence your mortgage eligibility and may even affect how much of a down payment you’ll need. Factors like the type of mortgage loan and the location of the property also play a role, but a strong credit score can make the home-buying process much smoother.

Loans 116

Loans Agents Mortgages Marketing 116

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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