Wed.Nov 13, 2024

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To boost Black homeownership, the U.S. must navigate a ‘troubling environment’

Housing Wire

The U.S. finds itself in a “troubling environment” for bolstering Black homeownership as evidenced by two key — and lagging — metrics. This is according to the 2024 State of Housing in Black America (SHIBA) report published this month by the National Association of Real Estate Brokers (NAREB). “The two best-performing demographics for African Americans — Black female-headed households and millennials — both declined in home sales in 2023,” the organization explained in an announcement of the rep

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Mayor Adams raises concerns over real estate broker fee bill set to get City Council vote Wednesday

Brownstoner

Mayor Eric Adams on Tuesday raised concerns about City Council legislation that would relieve most renters from having to pay real estate broker fees, a day before the bill is expected to pass the chamber. During his weekly off-topic news conference on Nov. 12, Adams said that while he agrees with… Read More > The post Mayor Adams raises concerns over real estate broker fee bill set to get City Council vote Wednesday appeared first on Brownstoner.

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Foreclosure filings rose in October. Could this trend continue in 2025?

Housing Wire

With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. According to real estate data provider Attom , homebuyers may face more challenges heading into 2025. Attom released its October 2024 U.S. Foreclosure Market Report on Tuesday. It showed that 30,784 properties had foreclosure filings last month.

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More Homes, Slower Price Growth – What It Means for You as a Buyer

Keeping Current Matters

There are more homes on the market right now than there have been in years – and that could be a game changer for you if you’re ready to buy.

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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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Better’s AI bots might take over mortgages — but its losses are still piling up

Housing Wire

Better Home & Finance Holding Co., the parent of digital lender Better , reported a net loss of $54.1 million in the third quarter of 2024 during an earnings call on Tuesday. By comparison, the company lost $41.4 million in Q2 2024 and $353.9 million in Q3 2023. Better reported third-quarter revenue of $29 million, down from $32.3 million in the prior quarter but up from $4.9 million in the same period a year ago.

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John Cornish explains scaling beyond $40 million in mortgage sales volume

Housing Wire

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. This interview has been edited for length and clarity. To kick off the conversation, Cornish explores his background before entering the mortgage lending industry.

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5 Best Real Estate Video Editing Software

The Close

Creating high-quality, attention-grabbing real estate videos is necessary if you want your website and content to stand out. But with so many video editing software options, it’s hard to pinpoint the best one. Whether you want to assemble your listing’s video walkthrough or introduce your agent services, I’ll help you pick the right software. I evaluated dozens of real estate video editing software providers to select the five best picks based on pricing, features, user experience, and verified

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Home Depot Foundation invests $10M to assist veterans with aging in place

Housing Wire

The Home Depot Foundation — the philanthropic arm of the home improvement retail conglomerate — announced that it is investing $10 million for the purpose of enabling older military veterans to age in place in their homes. The goal is to help them avoid homelessness by funding affordable housing construction, home repairs and adaptations as well as giving out financial assistance.

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More challenges to NAR settlement; headaches for Hanna

Real Estate News

A law professor says the court doesn’t have the authority to force objectors to attend in person, while in Pennsylvania, Howard Hanna’s dismissal is appealed.

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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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Compass launches resort division for agents in vacation-home markets

Housing Wire

Compass is certainly known for luxury property sales , but the nation’s top brokerage based on sales volume is looking to offer even more support to agents working on these types of deals. On Tuesday, the firm launched Compass Resort, a network for agents in vacation-home markets and clients searching for second homes. Compass Resort will be led by agents Jordie Karlinski, Jack Pearson, Jen O’Hanlon and Steve Springer.

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When Will the Housing Market Crash in Florida?

Marco Santarelli

Florida's recent housing boom has been nothing short of spectacular. Fueled by low interest rates , remote work opportunities , and an influx of retirees , home prices skyrocketed, with some coastal havens experiencing double-digit growth year after year. However, the winds of change are blowing. Rising mortgage rates , inflation , and economic headwinds have cast a shadow over the once-sizzling market.

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Movement Mortgage names Steve Smith president and CFO

Housing Wire

Movement Mortgage has named Steve Smith, a mortgage veteran who most recently served as Movement’s executive advisor, as its new president and chief financial officer. Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

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Mortgage Applications Increase After Five Weeks of Downturns

RIS Media

After several weeks of decreases, mortgage applications bumped up this week, increasing 0.5% from last week’s somewhat notable decrease of 10.8%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending November 8, 2024. “Mortgage rates continued to increase last week, driven by higher Treasury yields as… The post Mortgage Applications Increase After Five Weeks of Downturns appeared first on RISMedia.

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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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HousingWire’s 2024 Tech100 Award: What’s new with last year’s honorees?

Housing Wire

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2025 Tech100 Award are open now through December 16, 2024. Click here to nominate a tech organization. For the past 13 years, HousingWire’s Tech100 Award program has provided HousingWire readers with a definitive list of the tech solutions companies that are streamlining processes, enhancing customer experience and improvi

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Compass unveils luxury-focused vacation home business

Real Estate News

Agents with Compass Resorts go beyond white-glove treatment and become "more like wealth managers" to support clients in this space, its founders say.

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Fathom promotes two executives to scale operations, optimize growth

Housing Wire

Fathom Holdings announced another round of key leadership promotions. On Wednesday, company promoted Jon Gwin to chief revenue officer and Samantha Giuggio to president of Fathom Realty and chief operations officer of Fathom Holdings. Gwin and Giuggio join Fathom’s leadership as the latest promotions following Joanne Zach’s move to chief financial officer on Nov. 6.

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Thinking of Selling Your Home FSBO? The Buyer’s Perspective Might Surprise You

Lighter Side of Real Estate

If you’re considering selling your house “for sale by owner” (FSBO), you probably think now is as good a time as any in history to give it a try. After all, technology has made it easier to market your house to potential buyers in the market, and there’s a shortage of houses for sale. So how difficult could it be to sell your house on your own? Apparently not that easy… Some percentage of homeowners try to sell their house FSBO every year, usually in an attempt to try and save money on commissio

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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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NAR faces another antitrust accusation over its three-way membership agreement

Housing Wire

The National Association of Realtors (NAR) is facing yet another lawsuit related to its three-way membership agreement, which requires Realtors to join their local, state and national associations in order to obtain access to the MLS. The suit was filed Nov. 1 in U.S. District Court in Los Angeles by John Diaz, a broker at UHOO Real Estate Services , who is representing himself pro se.

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eXp’s CEO on Clear Cooperation: You can’t take but not give

Real Estate News

Want to repeal the CCP? Then you shouldn’t be able to build your own listing networks while pulling from the cooperative MLS feed, says eXp CEO Leo Pareja.

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Reverse mortgage educators look to correct the record on credit lines, equity modeling

Housing Wire

Reverse mortgage educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego. After starting with the importance of focused information and certain reverse mortgage product features , the pair went deeper into other longstanding elements that some industry participants might be misinformed about.

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US Supreme Court Passes on Considering Lawsuits Seeking to Nix NYC Rent Stabilization

Brownstoner

By Ben Brachfeld, amNY The US Supreme Court has declined to hear two challenges to New York’s rent stabilization law, keeping in place a system regulating rents for roughly a million apartments despite landlords attempting to overturn it. The high court in Washington declined to grant certiorari to two landlords’ challenges, G-Max… Read More > The post US Supreme Court Passes on Considering Lawsuits Seeking to Nix NYC Rent Stabilization appeared first on Brownstoner.

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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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Cleveland vs Detroit: Which City is Right for You? Comparing Real Estate, Cost of Living, Culture, and More

Redfin

If you’re weighing your options between buying a house in Cleveland or renting an apartment in Detroit , you’re not alone. Both cities are known for their resilience, history, and tight-knit communities. Cleveland offers its lakeside charm and a strong focus on healthcare and arts, while Detroit is renowned for its automotive legacy and revitalized downtown scene.

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Matterport posts $38.4M loss in Q3 as it spends for scale

Inman

During the first nine months of the year, Matterport pulled in a total of $125.8 million in revenue. Most of that is from recurring services and subscriptions.

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Boston vs Chicago: Which City is Right for You? Comparing Real Estate, Cost of Living, Culture, and More

Redfin

You might be considering an apartment in Boston or a house in Chicago , as these two cities share many similarities, from strong educational hubs to rich historical significance. Boston offers a tight-knit community with a robust job market, especially in education and healthcare, while Chicago may have a more affordable cost of living paired with its eclectic arts and culture scene.

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We Buy Houses Staten Island, NY: Top 5 Companies

HomeLight

Selling a house quickly in Staten Island can be tough, especially if it needs repairs and you’re short on time and money. That’s where We Buy Houses companies step in. These businesses offer an alternative to the traditiaonl market—all-cash offers on homes, purchased as-is, which allows you to skip the time and cost of fixing up your property. We Buy Houses companies in Staten Island, NY can be especially helpful for sellers facing challenges like a pending foreclosure or a sudden inheritance, l

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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.