Tue.Nov 19, 2024

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Here’s why we won’t build millions of new homes

Housing Wire

We heard a lot about the need for millions of new homes during the run-up to the election, so I can imagine how shocked some people are to see today’s report on housing starts and permits at recession levels. Minneapolis Fed President Neel Kashkari recently stated that housing demand is high so the clearance rate (mortgage rates) should be higher.

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Phoenix association offers MLS access without Realtor membership

Real Estate News

The new, lower-cost program also includes access to legal forms and training, and is being rolled out as NAR’s three-way agreement faces greater scrutiny.

MLS 329
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Bipartisan congressional caucus calls on FHFA to halt title waiver program

Housing Wire

The Bipartisan Congressional Real Estate Caucus is calling on the Federal Housing Finance Agency (FHFA) to cease its pilot program for title insurance waivers until the program is vetted and the agency seeks public input on it. The caucus expressed this view in a letter written by Reps. Lou Correa (D-Calif.), Mark Alford (R-Mo.), Tracey Mann (R-Kan.) and Brittany Pettersen (D-Colo.) and sent to FHFA Director Sandra Thompson on Monday.

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Is Wall Street Really Buying All the Homes?

Keeping Current Matters

Let’s be real – buying a home right now is tough.

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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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Credit bureaus will push to scale back mortgage trigger leads bill

Housing Wire

The passage of the mortgage trigger lead bill as proposed in the U.S. Congress will face a challenge from a new plan expected to be released this week by representatives of the consumer reporting industry, HousingWire has learned. In September, Senate Armed Services Committee Chairman Jack Reed (D-R.I.) included U.S. Senate Amendment 2358 — known as the Homebuyers Privacy Protection Act of 2024 — in the Senate’s Fiscal Year 2025 National Defense Authorization Act (NDAA).

Mortgages 397
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Why NAHREP is speaking out in favor of Clear Cooperation

Real Estate News

The National Association of Hispanic Real Estate Professionals says the much-debated policy “helps ensure all buyers have equal access to available properties.

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More Trending

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Why FICO's fee increase has angered the mortgage industry

Real Estate News

The credit-scoring company's near-monopoly has allowed it to set prices relatively unchecked, leaving mortgage lenders and borrowers at its mercy.

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Seniors are in the sweet spot for tapping into home equity

Housing Wire

Homeowners are sitting on a record level of about $35 trillion in home equity — more than double the equity levels recorded prior to the financial crisis and housing market collapse of the late 2000s. But as the share of first-time homebuyers gets smaller — and older — it’s not a given that homeowners will be able to tap that resource, according to reporting by The Wall Street Journal.

Equity 418
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In the courts: Settlement objectors, Homie, and mandatory membership

Real Estate News

Judge holds firm on rules for objectors to NAR settlement; Homie says defendants created a "weapon"; another broker challenges association membership.

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Lamacchia Realty acquires Stone Ridge Properties

Housing Wire

Lamacchia Realty is continuing its acquisition spree. On Tuesday, the New England-based firm announced its acquisition of Massachusetts -based Stone Ridge Properties. The financial terms of the deal were not disclosed. Founded in 1990, Stone Ridge Properties has offices in Amesbury and Newburyport, Massachusetts. It is owned by Cathy Toomey, Celine Muldowney, Erica Puorro, Marc Ouellet, Nick Motsis and Sandy Berkenbush.

Agents 370
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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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With focus on mortgage business, Zillow launches ‘BuyAbility’ tool

Inman

Zillow releases a new “BuyAbility” tool it says helps consumers find homes they can actually afford to buy after accounting for more variables.

Mortgages 168
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Corcoran Group enters Washington, D.C., with a new affiliate

Housing Wire

The Corcoran Group is making moves in the Washington, D.C., metropolitan area. On Tuesday, the Anywhere brand announced the launch of Corcoran McEnearney , marking the entrance of the Corcoran Affiliates network into the nation’s capital. “We are thrilled to welcome Corcoran McEnearney, an impressive and well-respected company with a well-earned reputation for excellence and integrity,” Stephanie Anton , the president of Corcoran Affiliates, said in a statement.

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7 elements for crafting airtight contracts in a post-Sitzer world

Inman

As real estate continues to evolve in a post-Sitzer | Burnett era, contract documents are likely to be refined and modified to reflect current trends, broker Cara Ameer writes.

MLS 159
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Coldwell Banker CEO highlights crucial role of communication skills for agent development

Housing Wire

In the newest episode of the RealTrending podcast , host Tracey Velt sits down with Kamini Lane, CEO and president of Coldwell Banker Realty. In this fireside chat, Velt and Lane explore her approach to leadership, Coldwell Banker’s unique focus on agent development and its training program that is designed to teach effective communication. Lane also shares key takeaways from her first year of leading Coldwell Banker following her previous role as president of Sotheby’s International Realty.

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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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7 inexpensive ways to say ‘thank you’ this Thanksgiving

Inman

It's gratitude season, Darryl Davis writes, so let's show how much our colleagues, clients, vendors and friends mean with these affordable and original gift ideas.

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Property boss – ‘Why it’s no longer cheaper to improve rather than move’

Estate Agent Today

The old adage of “don’t move, improve” is no longer sage advice given rising costs and Brexit, a senior property figure claims.

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25 contract terms every new agent should master before 2025

Inman

Cara Ameer and Nicole Solari share the 25 terms that are crucial for new agents to explain to buyers and sellers without the benefit of crib notes.

Agents 157
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Interest in Northern Ireland property market hits five-year high

Estate Agent Today

Overall interest in Northern Ireland’s housing market was the strongest during October in five years, research suggests.

Marketing 113
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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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Edina Realty settles for $3.5M over ‘secret’ home warranty payments

Inman

The deal will refund buyers and sellers after the brokerage allegedly failed to disclose to its clients that it had received payments from Home Security of America to advertise HSA's home warranties.

Brokerage 156
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Social Skills: Thanksgiving Giveaways to Boost Engagement

RIS Media

Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. Thanksgiving has come once again, and it’s time to get those holiday themed social strategies rolling. Beyond the regular themed posts of decorating and so on, spice up… The post Social Skills: Thanksgiving Giveaways to Boost Engagement appeared first on RISMedia.

Agents 112
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After NAR NXT, it’s clear: NAR is leading us into more lawsuits 

Inman

This is a moment of transformation in our industry, and you have a choice: adapt or fall behind, coach Darryl Davis writes. Don’t wait for the market to dictate your future. Take control.

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Buffini & Company’s Kickstart 2025 Virtual Summit Will Be Held January 16

RIS Media

Buffini & Company has announced the company will host a live, virtual event, Kickstart 2025 on Jan. 16 at 9 a.m., featuring real estate coaching legend Brian Buffini and special guest Chris Voss,a former FBI hostage negotiator and world-class negotiation expert. In an industry where statistics show half of all agents struggle to close even… The post Buffini & Company’s Kickstart 2025 Virtual Summit Will Be Held January 16 appeared first on RISMedia.

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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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Corcoran Group enters nation’s capitol with new franchise

Inman

In welcoming Corcoran McEnearney to its network, the brand grows the number of Corcoran-affiliated agents by nearly 10 percent. The new company will have offices in D.C., Maryland, Virginia and West Virginia.

Branding 150
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Coldwell Banker Real Estate Announces 2024 “30 Under 30” Award Recipients

Coldwell Banker

Top-performing brand affiliated real estate professionals are recognized for their dedication to growing their business and serving the communities in which they work. The post Coldwell Banker Real Estate Announces 2024 “30 Under 30” Award Recipients appeared first on Coldwell Banker Blue Matter.

Branding 105
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Back-to-back storms tank pending home sales in Florida

Inman

Increasingly violent hurricane seasons and surging home insurance costs have tanked Florida's housing market, according to a Redfin market report published on Tuesday.

Sales 149
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Housing Starts Dinged by Rising Mortgage Rates

RIS Media

Recently rising mortgage rates have once again put pressure on housing construction, with housing starts falling month-over-month and year-over-year, according to the latest report. Housing starts decreased 3.1% from September to October to a rate of 1,311,000, according to the latest data from the U.S. Department of Housing and Urban Development and the U.S.

Mortgages 105
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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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Russian billionaire’s penthouse among top Manhattan contracts

Inman

Penthouses asking $45 million and $39 million topped Manhattan luxury contracts during the week ending Nov. 17, according to Olshan Realty's weekly luxury report. A total of 37 contracts were signed on properties priced $4 million and up.

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Keyes Company Rebrand Refreshes It for 100-Year Anniversary

RIS Media

Above, The Keyes Company’s new logo against a background of a billboard with its new 100-anniversary branding. The Keyes Company, based out of Florida, recently announced a new rebrand ahead of its 100-year anniversary this coming February, in an effort to update its family oriented business to reflect technological advances. Along with a new tagline,… The post Keyes Company Rebrand Refreshes It for 100-Year Anniversary appeared first on RISMedia.

Branding 105
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The Keyes Company rolls out brand refresh ahead of 100th anniversary

Inman

The rebranding effort, a collaboration with Tiny Wins, a prominent agency known for clients such as Tony Robbins, Visa and CBRE, includes a fresh visual identity, advanced technology tools and a renewed commitment to customer-focused service.

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Lamacchia Realty Acquires Massachusetts Firm Stone Ridge Properties

RIS Media

Above, from left, Jackie Louh, Tim Robinson, Nick Motsis, Celine Muldowney, Sandy Berkenbush, Cathy Toomey, Erica Puorro, Marc Ouellet, Massoud Attallah and Anthony Lamacchia Lamacchia Realty has announced that they have acquired Stone Ridge Properties of Newburyport and Amesbury, Massachusetts. The brokerage, with over 30 years in business, is owned by Cathy Toomey, Celine Muldowney,… The post Lamacchia Realty Acquires Massachusetts Firm Stone Ridge Properties appeared first on RISMedia.

Brokerage 104
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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.