Mon.Jul 01, 2024

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Announcing the 2024 Women of Influence!

Housing Wire

HousingWire is excited to announce the winners of the 2024 Women of Influence award, recognizing 100 women who are shaping and propelling the housing economy forward with their impressive achievements. This year marks the 15th year of this award program. Many of this year’s winners mentor women in the industry, paving the way for a new generation of leaders.

Lending 460
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Lawsuits pile up against EasyKnock

Real Estate News

“More than two dozen people” in Texas have sued EasyKnock over its sale-leaseback program, an NPR investigation found, adding to the company's legal woes.

Sales 221
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Rich men, poor men, and the infinite housing crisis

Housing Wire

In the game of housing crisis Rochambeau, we play with income, inventory, and policy. Inventory cannot beat inadequate incomes, but better compensation policies can. The labor market has reached peak disengagement rates, partially driven by historic strikes , resignations , non-participation , and silent quitting. By splitting the workforce into five income groups to view homeownership rates, we lay bare a cause for retreat from an increasingly unfair labor market – a system with four times more

Equity 452
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What To Do When Your House Didn’t Sell

Keeping Current Matters

If your listing expired and your house didn’t sell, it’s totally natural to feel a mix of frustration and disappointment.

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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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Anywhere senior executive makes the move to Lamacchia Realty

Housing Wire

Massoud Atallah is leaving Anywhere Real Estate to join Lamacchia Realty. On Friday, the Anthony Lamacchia -helmed firm announced that Atallah had recently joined Lamacchia Realty as its new senior vice president of business development. According to the new release, Atallah will focus on agent recruiting and retention, with a goal of growing the firm in both New England and Florida.

Brokerage 422
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New efforts to derail brokerage settlements, dismiss buy-side case

Real Estate News

Another group of plaintiffs has filed an appeal in the RE/MAX, KW and Anywhere settlements, while the brokerages offered new arguments for dismissing Batton.

Brokerage 191

More Trending

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People on the Move: KW promotes execs across 3 divisions

Real Estate News

The brokerage giant announced new leaders in its commercial and coaching divisions as well as its nonprofit, KW Cares; Tomo's co-founder steps down.

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Guaranteed Rate announces its rebrand to ‘Rate’

Housing Wire

Chicago-based Guaranteed Rate , one of the country’s largest mortgage lenders, has rebranded to Rate. The company made the announcement Monday on social media. “Today, we’re rebranding as Rate,” the company posted on LinkedIn. “Just like our streamlined name, we’re committed to making the mortgage process smoother, faster and smarter, using AI to empower both customers and loan officers alike.

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Little chance of an inventory explosion this year

Real Estate News

ATTOM’s midyear review looks at where housing supply is headed along with what to expect with home prices and foreclosures.

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What to expect in the real estate market the rest of the year

Housing Wire

The last week of June is really the peak of the homebuying season. Activity and prices typically start their seasonal decline very closely tied to the transition into the third quarter of the year. This coming week includes the July 4 holiday, which falls on a Wednesday, so the coming data will have a dip across the board. Inventory , new listings, etc. all dip over Independence Day, and the second half of the year curves lower.

Marketing 353
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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REcolorado confirms interim CEO, new board

Real Estate News

New FAQs from the MLS and from its current owners, DMAR and SMDRA, shed light on user fees post-sale, but the timing and price of the deal remain undisclosed.

MLS 161
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Opinion: Freddie Mac second mortgage loans further its mission

Housing Wire

Federal Housing Finance Agency (FHFA) Director Sandra Thompson recently announced its conditional approval of Freddie Mac pilot to purchase second mortgages. I’ve personally been an outspoken supporter of this endeavor and I applaud this decision. The Community Home Lenders of America (CHLA) immediately issued a statement of support for this pilot.

Loans 340
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Ultimate SEO guide to promote your profile, master your market

Inman

Digital marketing expert Marci James offers tips to help you elevate your real estate website with backlinks and on-page SEO, improve your digital footprint and earn top-of-mind name recognition in your local market and beyond.

Marketing 164
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Sotheby’s affiliate adds senior VP to oversee Florida, North Carolina projects

Housing Wire

Naples, Florida -based Premier Sotheby’s International Realty is shaking up its C-suite. On Monday, the firm announced that Adam Kaufman will be joining the firm as the senior vice president of the firm’s new development division. In this role, Kaufman will oversee sales and marketing efforts for the company’s new development projects across Florida and North Carolina.

Principal 339
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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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Mortgage rates surge as Trump’s odds improve after debate

Inman

Investors weigh the potential for higher tariffs, tighter restrictions on immigration, and an extension of 2017 tax cuts to fuel inflation under a second Trump administration.

Mortgages 163
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Chris Knapp named president of Proper Rate

Housing Wire

Proper Rate , a joint venture between Guaranteed Rate and residential brokerage @properties , has tapped Chris Knapp to lead the company as president. Knapp boomeranged back to Chicago-headquartered Guaranteed Rate after he left in 2019. He held posts at rivals CrossCountry Mortgage , Draper & Kramer Mortgage Corp. and, most recently, Wintrust Mortgage , where he was a vice president. “I’m delighted to welcome back Chris Knapp as president of Proper Rate.

Brokerage 336
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Consistent cash flow still matters most: DelPrete

Inman

Those business generating free cash flow are best-positioned for growth, shareholder returns and value-added new ventures, Mike DelPrete writes.

Brokerage 149
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Building a quality-centric culture is essential to ensuring appraisal integrity

Housing Wire

In light of market fluctuations and regulatory changes, mortgage lenders face significant challenges in today’s market. Even at the highest demand levels in 2024 , purchase mortgage applications were nearly 45% lower compared to the same weeks in 2018 and 2019, exacerbated by record-high origination costs. Freddie Mac’s recent study reveals the average cost to originate for the top 25% of performers is $6,900, rising to $16,500 for the bottom 25%.

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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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All that glitters: It’s Luxury Month at Inman

Inman

This month, Inman looks at luxury real estate to develop a working definition and determine how to differentiate services for discerning luxury clients.

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ERA franchise acquires Michigan-based independent firm

Housing Wire

Michigan -based ERA Prime Real Estate Group has acquired Southgate, Michigan-based Compass Realty Pro , the company announced on Monday. The financial terms of the deal were not disclosed. According to the announcement, this acquisition will expand ERA Prime Real Estate Group’s market share in southeast Michigan. ERA Prime, which was founded in 2017 by Willie Ray III, currently has offices in Farmington and Grand Blanc, Michigan.

Title 314
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These 12 pillars of attraction will transform your recruiting

Inman

Choosing just four of these 12 categories will help you recruit more effectively and efficiently and open up new avenues for growth, coach Verl Workman writes.

Brokerage 133
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Redfin, Zillow named in video privacy lawsuits

Housing Wire

Redfin and Zillow are at the center of two video privacy suits that were filed on June 25 in the U.S. District Court for the Southern District of California. In two separate lawsuits, plaintiff Guillermo Mata accuses the real estate companies of violating the Video Privacy Protection Act and the California Invasion of Privacy Act by allegedly sending consumers’ personally identifiable data — including names and email addresses — to third-party firms such as Facebook parent Meta and Google parent

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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5 ways commercial and residential real estate can cooperate now

Inman

A brokerage with access to a commercial division, Troy Palmquist writes, experiences a whole new way of serving clients, adding value and creating professional synergies

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Brief in Nosalek suit claims DOJ complaint isn’t taking buyer rebates into account

Housing Wire

Yet another party has taken a stand in the Nosalek commission lawsuit. On June 20, Dmitry Shkipin — who runs development and operations at HomeOpenly.com — filed an amicus brief that takes aim at the changes to the agent commission structure outlined by the Department of Justice in its statement of interest. In his brief, Shkipin claims that the statements made by the DOJ are “not entirely accurate” and that the DOJ “contradicts information in its own publication.

MLS 279
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Rate dip drags ‘doomers’ back from the ledge: Client Pipeline Tracker

Inman

Expectations for future buyer pipelines have started to improve after a rough four-month stretch. Intel unpacks the latest developments with its Client Pipeline Tracker, fueled by the Intel Index.

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Texas Capital Bank seeks a partial win in Ginnie Mae suit

Housing Wire

Texas Capital Bank (TCB) is seeking a new partial summary judgment in its suit against Ginnie Mae. The suit alleges that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program.

Banks 259
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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.

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WA program to help first-time homebuyers with history of discrimination

Seattle Times Real Estate

The state has begun offering down-payment and closing-cost assistance to Washingtonians whose families faced housing discrimination.

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Proper Rate taps mortgage veteran Chris Knapp as new president

Inman

Before executive roles at CrossCountry Mortgage, Draper and Kramer, and Wintrust, Knapp spent more than a decade as a loan originator and executive at Guaranteed Rate.

Mortgages 106
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Pros and Cons of an As-Is Condominium Sale

RIS Media

Selling a condo “as is” can be a strategic choice but comes with benefits and challenges. When you sell a property as is, you agree to sell it in its current condition without making any repairs or improvements. I have put significant effort into educating you on the following information: The key benefits of selling… The post Pros and Cons of an As-Is Condominium Sale appeared first on RISMedia.

As-is 113
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Private Residential Construction Spending Dips in May 

Eye on Housing

Private residential construction spending was down 0.2% in May after surging 0.9% in the prior month, according to the Construction Spending. Nevertheless, spending remained 6.5% higher compared to a year ago. The monthly decline in total private construction spending for May is largely due to reduced spending on single-family construction. Spending on single-family construction fell.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.