Mon.Feb 26, 2024

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Why are there only 80,000 new homes available in the US?

Housing Wire

The homebuilders only have 80,000 completed new homes for sale — in a country of over 336 million people with more than 157 million people working. Why so low? Well, builders are in business to make money, they’re not a charity. It’s not the safest business model either because builders take a contract to buy a home and then, from start to finish, hope that mortgage rates don’t jump on the buyer by the time the home is ready.

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The Truth About Down Payments

Keeping Current Matters

If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment.

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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

The cost of owning a condominium in Florida has shot up significantly in recent months, prompting a wave of homeowners to offload their properties. The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. The average cost of a policy increased 40% in 2023 alone, according to a report by Redfin.

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A strong start to the year for new home sales

Real Estate News

Sales of new homes rose in January and inventory remained robust. Median prices were up even as some builders continue to offer buyer incentives.

Sales 297
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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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Strong new-home sales reflect still-strong demand

Housing Wire

New-home sales reached a seasonally adjusted annual rate of 661,000 in January, according to data published Monday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development ( HUD ). While this figure represents a 1.5% increase from the revised December rate of 651,000, it falls slightly below market expectations. It also marked a 1.8% rise from the January 2023 pace of 649,000 units sold.

Sales 459
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Meet a program unlike any other: Agents to list Offerpad homes

Inman

Discover Offerpad, founded by a former agent with firsthand experience, providing innovative and customized solutions for sellers and buyers nationwide for fast, convenient real estate transactions.

Agents 190

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Leaders in luxury: In conversation with Daniel Heider

Inman

Under Daniel Heider's leadership, the HEIDER team boasts a global audience of more than 3.9 million across their various channels, making them the most-followed real estate practice group on social media.

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Taking a closer look at the reasons seniors ‘unretire’

Housing Wire

More U.S. seniors are working today than ever before, a trend marked either by older Americans choosing not to retire, or choosing to actually rejoin the workforce after an initial retirement. This year is also set to see the U.S. population grow older at a faster rate. The trend was the subject of a recent book, “Unretired: How Highly Effective People Live Happily Ever After,” written by journalist and management consultant Mark Peabody.

Banks 466
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New-home sales show promise with 1.8% annual growth

Inman

New-home sales improved across the board in January, according to the U.S. Census Bureau and the Department of Housing and Urban Development on Monday. New-home sales, which include when a homebuyer makes a deposit or signs a sales agreement, increased 1.8 percent year-over-year to a seasonally adjusted rate of 661,000. Sales are also 1.5 percent above December's revised rate of 651,000.

Sales 183
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Newrez sues former employee for soliciting senior executives to join competing lender 

Housing Wire

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. OneTrust Home Loans , a direct competitor of Newrez’s retail mortgage business, conspired with James Hecht, former Newrez executive vice president for national retail lending, to orchestrate the termination of several Newrez execut

Loans 446
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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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Offerpad narrows Q4 loss, expects to be back in black later this year

Inman

The iBuyer expects to sell between 750 and 850 homes during Q1 2024, generate $245 million to $285 million in revenue and achieve positive adjusted earnings later this year.

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HUD engages with other federal agencies to limit lead exposure

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) on Monday announced new agreements between HUD, the Environmental Protection Agency (EPA), the U.S. Department of Health and Human Services (HHS) and the Centers for Disease Control and Prevention (CDC) to manage dangerous exposures to lead. One of the memorandums of understanding (MOUs) “expands, updates, and reaffirms” a previous 1997 agreement between the EPA and HUD to coordinate enforcement efforts related to lead-based paint hazard

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‘Do Less, More’: Mark Willis shares KW’s bare-bones growth strategy

Inman

Ahead of his first Family Reunion since returning to Keller Williams as CEO, Mark Willis shared his excitement with Inman — and his call for a return to the basics amid a housing market in flux.

Marketing 177
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Reverse pros in high-value markets look ahead to 2024 opportunities

Housing Wire

Reverse mortgage loan originators all seem to agree that 2024 is off to a better overall start in business than a tepid 2023 might suggest. This is also an adage that is holding true in some of the nation’s more expensive housing markets including California , Florida and Washington State , according to reverse mortgage professionals in these areas that spoke with RMD.

Marketing 434
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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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Star broker Jaime Richichi moves to Sotheby’s International Realty

Inman

NYC Compass broker Jaime Richichi is taking her talents to Sotheby's International Realty. Richichi's home base will be SIR's East Side Manhattan brokerage; however, she's also licensed to serve clients at the brokerage's East Hampton and William Pitt offices.

Brokerage 175
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CoreLogic promotes industry veteran to lead real estate business

Housing Wire

CoreLogic promoted Kevin Greene to the role of executive general manager of its real estate business segment, the company announced on Monday. In this new capacity, Greene will oversee operations, sales and customer service efforts, working to empower CoreLogic’s MLS clients. Greene will report to Devi Mateti, president of the enterprise digital solutions team.

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5 tips for shepherding clients through mortgage challenges

Inman

Buyer demand is still robust, but affordability challenges can make it harder for clients to qualify for financing, Luke Babich writes. Here's how to help.

Mortgages 183
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Livian adds four real estate teams

Housing Wire

Real estate platform Livian has recently acquired four additional teams to bolster its roster to a total of 61 teams. Livian now has teams in 27 states, amounting to more than 475 agents nationwide. “We’re bringing together the best minds in the industry to elevate our services and redefine the future of real estate,” Adam Hergenrother, CEO of Livian, said in a statement.

Agents 435
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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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Brokerages, lenders anticipate big recruitment push in 2024: Triple-I

Inman

Approximately 28 percent of brokerage leaders believe "recruiting and retaining talent" will be their most challenging responsibility one year from now, according to results from the Inman Intel Index survey.

Brokerage 169
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4 Success strategies for mortgage originators to thrive in 2024

Housing Wire

Mortgage originators who seek success in 2024 need to move with confidence and adaptability. To reach strategic goals for the year ahead — and avoid being left behind — here are four strategies for originators to consider. 1. Identify potential market impact The mortgage market is feast or famine, with origination volumes varying between high and low extremes.

Mortgages 432
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With $15M goal, Knock turns to ‘everyday’ investors

Inman

Alternative financing company Knock has secured $10 million from Second Century Ventures, the venture capital arm of the National Association of Realtors, and Foundry Venture Capital. It's using Wefunder to reach $15 million total.

Investor 169
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RE team rev increased, net operating percentages decreased in 2023: Streamlined

Housing Wire

Upon examining the financial performance across various gross revenue categories, 2023 reveals a distinctive pattern in net operating percentages as they relate to increasing revenue levels, according to the Streamlined Quarterly Team Benchmarking Report , which looked at the financial performance of more than 200 teams across the nation. This report covers the Q4 2023 and the year at a glance.

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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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What today’s buyers and sellers want in 2024

Inman

Learn how to boost your marketing by understanding today's home buyers and sellers, their motivations and desired home features.

Marketing 190
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8 best real estate marketing companies to boost your business in 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Real estate marketing isn’t just about posting a few property listings and hoping for the best. It’s a multifaceted strategy that encompasses branding, lead generation, social media management, content creation and more.

Marketing 438
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3 key steps to prepare for the peak selling season

Inman

Above-average prices, buyer demand, a fast market pace and lower competition make April the perfect blend for a springtime boom.

Marketing 192
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Navigating House Options During a Divorce

RIS Media

Divorce is not just an emotional upheaval but also a time of significant financial and legal decisions. It’s especially true when it comes to shared housing. The marital home is often more than just an asset. It’s a repository of memories and dreams. Deciding what to do with it during a divorce can be particularly… The post Navigating House Options During a Divorce appeared first on RISMedia.

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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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Extroverts beware: AI is giving real estate introverts the advantage

Inman

Luxury consultant Chris Pollinger helps you discover how AI is revolutionizing real estate marketing, empowering introverts to shine and reshaping professional dynamics.

Marketing 161
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What I Learned From National Retailers to Decide What and Where to Invest—And How You Can Do It Too

Bigger Pockets

In 2005, I decided to start an investor services business. I reviewed all the popular investing literature. What I found were self-professed experts offering opinions and no processes.

Investor 129
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Should you leave your brokerage? 5 questions to ask yourself first

Inman

Should you tough it out at your current brokerage or risk the unknown by leaving? Milena Monet shares questions to ask yourself to decide.

Brokerage 173
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Dave Ramsey Is Wrong—Doing This Won’t Make You Wealthy, But There Is Another Way

Bigger Pockets

Dave Ramsey is famous for his personal finance tips, most of which revolve around cutting expenses and adopting more frugal habits. That's great and sound advice, but it won't make you "rich." This is what you should do instead.

Finance 127
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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.