Tue.Jan 23, 2024

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Replacing NAR

BubbleInfo

Kayla works for Mauricio at the Agency, and she sent this in! If listing agents recognize the value of buyer-agents and convince their sellers to pay them a decent commission, then the current model might survive. Or will they take the lazy way out and just hope buyers come to them directly without an agent?

Agents 74
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Many baby boomers live in “time capsules” that need renovations to age in place

Housing Wire

Fifty-five percent of surveyed baby boomers plan to remain in their existing homes as they age, but less than a quarter of those surveyed have any plans to renovate their homes to more safely and easily accommodate natural changes that come with aging. This is according to a new report from home improvement services company Leaf Home and market research firm Morning Consult , which enlisted responses from 1,001 baby boomer homeowners (aged 59–77) and 1,001 millennials (aged 27–42) in late Decemb

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Experts Project Home Prices Will Increase in 2024

Keeping Current Matters

Even though home prices are going up nationally, some people are still worried they might come down.

Marketing 336
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Mauricio Umansky and Jason Haber launch new real estate trade group

Housing Wire

Mauricio Umansky, founder of The Agency and star of Buying Beverly Hills, and Compass agent and NAR Accountability Project founder Jason Haber are making good on a promise to explore a real estate professional trade organization alternative to the National Association of Realtors. The two industry professionals are asking agents to “Trade Up” and give their new group, the American Real Estate Association, a try.

Agents 469
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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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NAR alternative moves up its launch

Real Estate News

AREA, an initiative spearheaded by Mauricio Umansky and Jason Haber, aims to create “something totally new” for agents and others dissatisfied with NAR.

Agents 287
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Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

Change is on the horizon. For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. home sales in nearly

Agents 476

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Financial services firm Consolidated Analytics acquires Real Info

Housing Wire

Financial services firm Consolidated Analytics acquired Real Info, Inc. — a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

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Court should consolidate all commissions cases, argues NAR

Real Estate News

The trade association favors a consolidated approach but wants all 19 cases included — and doesn’t think the trial should be held in Missouri.

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Xome names industry vet Mike Jansta COO

Housing Wire

Real estate marketplace Xome appointed Michael Jansta to the position of chief operating officer, the company announced Monday. In his new position, Jansta will oversee key aspects of Xome’s operations, including auction, default servicing and quality assurance. He will also join Xome’s executive leadership team, reporting to Mike Rawls, chief executive officer of Xome since Jan. 2020.

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People on the Move at MARIS, real estate tech firms

Real Estate News

Cameron Paine takes on top role at MARIS as CEO David Price retires; Happy Grasshopper, HomeScout, Rechat and Lundy announce new executive hires.

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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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January Demo Day: The Trade-In Mortgage powered by Calque

Housing Wire

The Trade-In Mortgage powered by Calque The Trade-In Mortgage is a white-labeled ‘buy before you sell’ solution that is simpler and more cost-effective than competing products. Win more deals with Calque by helping clients make non-contingent offers and qualify more easily. Our binding backup offer protects you and your client if the home doesn’t sell.

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Blame ‘Ziltorfin’: CoStar CEO says competitors souring industry rep

Inman

During his latest ICNY appearance CoStar Group CEO Andy Florance chastised Zillow, Redfin and Realtor.com for prioritizing their bottom line to the detriment of buyers and listing agents.

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Florida theme parks creating more housing for employees

Housing Wire

A large portion of Florida ’s economy relies on tourism, especially as major Orlando-area theme parks including Universal Studios Florida and Walt Disney World. But the parks — which employ an estimated 110,000 people collectively — are also facing headwinds due to their employees’ struggles to afford housing , and now both NBCUniversal and The Walt Disney Company — owners of the major parks — are aiming to address it, according to reporting from Bloomberg.

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Nexthome CEO: Make buyers’ agent agreements a priority

Inman

James Dwiggins argued at Inman Connect New York that commission lawsuits and pressure from the feds is going to bring about change in the real estate industry.

Agents 194
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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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Gateless partners with Equifax on employment and income verification

Housing Wire

Chicago, Illinois-based mortgage tech firm Gateless announced an integration of its Smart Underwrite solution product with The Work Number – a digital verification solution – from consumer credit reporting agency Equifax. Smart Underwrite allows lenders to digitally analyze and interpret all essential loan data and documentation the moment they are received.

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Kirsten Jordan: Learn to let go to regain control of your life

Inman

The "Million Dollar Listing New York" star had to develop a three-rule system to keep it all together after being cast on the Bravo show. One of her key tenets? Learning to say no.

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January Demo Day: Smart Underwrite

Housing Wire

Gateless: Smart Underwrite Smart Underwrite represents a paradigm shift in mortgage lending. Real-time automation of critical underwriting functions, like the evaluation of credit, income, and assets, can drive real-time outcomes, including immediate loan approvals. These cutting-edge solutions interrogate loan data and documentation, instantly, upon receipt.

Lending 433
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‘Super-connectivity’ the key to uncovering affordability

Inman

At Inman Connect New York's Broker tract, Hilary Farnum-Fasth said that agents need to dig deep into their networks to find the right vendors and partners who can put the buying puzzle together for their clients.

Agents 191
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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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January Demo Day: Digital Lending Platform

Housing Wire

Blue Sage: Digital Lending Platform Our Digital Lending Platform is a multi-channel, end-to-end digital mortgage solution that provides a superior experience for lenders and customers. API-centric and based on consumer data models, our platform focuses on innovation, automation, and business transformation. From application through servicing, our platform drives efficiency and ensures compliance and scalability.

Lending 334
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Ryan Serhant: Real estate has a big problem with chasing trends

Inman

The star broker said at Inman Connect New York Tuesday that the industry hasn't fundamentally improved enough, which makes him fear the past's mistakes will be repeated.

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Empower’s new workflow makes it easier for lenders to consider rent payments when qualifying first-time homebuyers 

Housing Wire

Constellation Software ’s Dark Matter Technologies rolled out an automated workflow in the Empower loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history. Developed in partnership with Informative Research – a technology services and consulting company – utilizing the positive rent payment history enhancement in Fannie Mae ’s underwriting system, known as Desktop Underwriter (

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Differing opinions on housing markets an opportunity for agents

Inman

Fact-based marketing gives agents confidence that they understand what's happening in their market and the courage to have a conversation about home prices.

Agents 189
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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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January Demo Day: Equity Protect

Housing Wire

EquityProtect EquityProtect does not just monitor, we do what others cannot do, we protect your title and more importantly, your equity with our patented SmartPolicy locking down your home ownership from cybercriminals and fraud. Product Fast Facts #1 EquityProtect values security and has been MARCUM SOC2 certified. #2 EquityProtect offers a patent-pending dual-factor biometric authentication system to ensure only the lawful owner can make binding alterations to the title and ownership of the pr

Equity 329
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Top agents on AI: ‘It’s affordable leverage’ you can’t afford to ignore

Inman

Grab the opportunity, Carrie McCormick of Christie’s International Real Estate, Carrie Soave of eXp Realty and Karen Stone of Engel & Volkers told Inman Connect New York attendees.

Agents 165
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January Demo Day: AutomatIQ Borrower Income Analysis

Housing Wire

CoreLogic: AutomatIQ Borrower Income Analysis AutomatIQ Borrower Income Analysis is an API-enabled, intuitive workflow solution for automating, analyzing, and calculating borrowers’ income. It now offers a fully integrated experience with Fannie Mae’s income calculator tool and Freddie Mac AIM for Rep and Warrant certification. As a result, lenders can increase certainty in loan quality and are also eligible for rep and warrant relief for self-employment income calculation, reducing repurchase r

Loans 307
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Brokers need to see silver linings and lead through down times

Inman

"Every challenge presents a silver lining. You just have to be willing to look at it right," ERA President Alex Vidal said on stage at ICNY on Tuesday.

Staging 183
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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.

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NAR Facing New Alternative Organization as Competition

RIS Media

Above, Mauricio Umansky, left, and Jason Haber Already embroiled in controversies and lawsuits over the past year, the National Association of REALTORS® (NAR) now looks to be having to deal with a new group intent on potentially supplanting it. Mauricio Umansky, a celebrity agent in Los Angeles, and Jason Haber, an agent with Compass in… The post NAR Facing New Alternative Organization as Competition appeared first on RISMedia.

Agents 134
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Workman: Now’s not the time to lose top-producing agents

Inman

"Great leaders aren’t hired; they're developed," the real estate coach said at ICNY 2024, adding that brokerages who don't nurture great agents will lose them.

Agents 171
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“Silent Depression” or Complete Delusion: How Bad IS The American Economy?

Bigger Pockets

The “silent depression” is here. Just like in 1929, the American economy is ravaged by a declining GDP, plummeting asset prices, widespread unemployment, and a completely fractured banking system. Wait…are any of those things happening today? Not quite.

Banks 130
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Closing gifts are no longer enough to win repeat clients

Inman

During Inman Connect New York, Client Giant founder Jay O'Brien explained his system for breaking out of a referral rut with an inventive client gifting strategy.

Closing 157
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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.