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.

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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).

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More Trending

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CoreLogic’s John Rogers on AI, climate risk and land development issues

Housing Wire

John Rogers is a well-known name in the world of mortgage and real estate data analysis. The globe-trotting CoreLogic executive recently earned a larger role at the California-based company and is now serving as its chief data and analytics officer. Rogers met with HousingWire to discuss his new role and cover a variety of topics, including artificial intelligence (AI), climate risk and land development.

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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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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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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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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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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.

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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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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.

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Higher Mortgage Interest Rates Slow Housing Production in October

Eye on Housing

Housing starts edged lower last month as average monthly mortgage rates increased a quarter-point from 6.18% to 6.43% between September and October, according to Freddie Mac. Overall housing starts decreased 3.1% in October to a seasonally adjusted annual rate of 1.31 million units, according to a report from the U.S. Department of Housing and Urban.

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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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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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NAR’s REACH Program Named Top Accelerator by PropTech Outlook

RIS Media

The National Association of REALTORS®’ REACH technology growth program has been awarded PropTech Outlook’s 2024 Accelerator of the Year. REACH was created by Second Century Ventures, NAR’s strategic investment arm, a release noted. As the most active venture fund in global real estate technology, NAR stated that REACH leverages an unparalleled network of 1.5 million… The post NAR’s REACH Program Named Top Accelerator by PropTech Outlook appeared first on RISMedia.

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Brooklyn Real Estate Listings Six Months Later: Three Sold, One off the Market

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Fort Greene, Carroll Gardens, and Boerum Hill. How did they fare? At 11 South Oxford Street, this grandly scaled brownstone still has some impressive period details like marble mantels, pier mirrors, and… Read More > The post Brooklyn Real Estate Listings Six Months Later: Three Sold, One off the Market appeared first on Brownstoner.

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Intelligent Agent Recruitment: Combining the Power of Data and Decision Science

RIS Media

Recruiting top talent in real estate can be challenging. For brokerages, staying ahead means placing a consistent focus on recruiting high-potential, high-performing agents. However, in recent times, competition for productive agents has increased, leaving brokerages in a position to either evolve with the changing trends or risk significant losses to their business.

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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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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.

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Adapting to Today’s Post-Settlement Environment

RIS Media

With over 84,000 subscribers throughout Florida and Puerto Rico, understanding the MLS landscape is increasingly essential as the industry adapts to the new way of conducting business in today’s post-settlement environment. Committed to driving progress and innovation in the real estate industry, Stellar MLS continues to stand by its motto as the organization adjusts to… The post Adapting to Today’s Post-Settlement Environment appeared first on RISMedia.

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What Is a Pocket Listing?

Redfin

When you decide to sell your home and sign an agreement with an agent , one of the first things your agent will do is list your home on the Multiple Listing Service (MLS). The MLS is the database of homes for sale where agents share listings with one another. These listings are then shared broadly to real estate search sites, including Redfin.com , where buyers can see available homes for sale.

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Home-Financing Solutions From America’s Leading Loan Officer

RIS Media

From left, Shant Banosian and John Featherston. Photo by AJ Canaria. Few residential real estate professionals have their pulse on the mortgage industry more than Shant Banosian, EVP of sales at Rate (formerly Guaranteed Rate), in Waltham, Massachusetts. He’s been their top loan officer for nine consecutive years, and top officer nationwide for six years… The post Home-Financing Solutions From America’s Leading Loan Officer 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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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.

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How to Find a Good House Title Company Near Me

HomeLight

If you’re buying or selling a home, you’ll likely come across the term “title company” during the process. In your search for title services, you could just Google “house title company near me,” but you want a trusted company with a solid track record so you can avoid detours and dead ends on your real estate journey. So how can you find a reliable title company near you?

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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.

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Gains for Townhouse Construction

Eye on Housing

Year-over-year gains for townhouse construction continued during the third quarter of 2024 as demand for medium-density housing continues to be solid despite slowing for other sectors of the building industry. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2024, single-family attached starts.

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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.