Sat.Dec 09, 2023 - Fri.Dec 15, 2023

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What is Needed to Close on a House

RIS Media

Closing on a house culminates weeks or months of house hunting, negotiations, and paperwork. It’s an exciting but often complex process involving several key players, numerous documents, and meticulous steps. You will learn what is required to close a house and the items needed for a home closing. Closing on a house isn’t rocket science,… The post What is Needed to Close on a House appeared first on RISMedia.

Closing 135
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3 reasons you should be using a buyer agreement now

Inman

According to broker Joseph Santini, buyer agreements are good for buyers and good for buyer agents. Find out more about these valuable tools and how to get them signed.

Agents 160
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The Fed holds rates steady at final meeting of 2023

Housing Wire

The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% at its last meeting of the year on Wednesday. It was the fourth pause recorded in 2023. Investors will parse Jerome Powell’s press conference this afternoon for clues about when and why the central bank might change its policy stance next year.

Mortgages 526
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The Surprising Trend in the Number of Homes Coming onto the Market

Keeping Current Matters

If you're thinking about moving, it's important to know what's happening in the housing market.

Marketing 344
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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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DataDigest: Breaking down housing economists’ 2024 forecasts

Housing Wire

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. They may find that relief for mortgage rates next year, according to forecasts from various industry experts compiled by HousingWire. Sales, however, may see only mild improvement in the year ahead, while prices will remain more or less historically high, the forecasters believe.

Sales 488
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Is Investing About to Get Easier? Here’s Our 2024 Outlook For Housing Prices

Bigger Pockets

Housing prices have hardly let up over the past few years, and rising rates have made buying real estate even more expensive. Will we see any relief next year, though? Here's what you need to know.

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Should I Accept an All-Cash Offer for My House?

HomeLight

As mortgage interest rates have increased, so too have the number of all-cash offers for homes. With cash, buyers who have the financial means or equity growth in their existing homes are avoiding the higher interest rates, which have more than doubled since the early days of the pandemic. In addition, more home sellers are prioritizing all-cash offers.

Equity 116
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Is Another Housing Crash Coming in California, NJ, and Illinois?

Marco Santarelli

In a recent report, ATTOM, a prominent curator of land, property, and real estate data, has shed light on the current state of county-level housing markets in the United States. The Special Housing Risk Report for the third quarter of 2023 delves into various factors, such as home affordability, foreclosures, underwater mortgages, and more, to identify regions more or less vulnerable to declines.

Equity 97
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Why home prices haven’t crashed even with high mortgage rates

Housing Wire

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023. Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation. 2022 was a historic year for housing as we had the most significant home sales crash ever, and mortgage r

Mortgages 534
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New details in eXp sexual assault claims revealed by New York Times

Real Estate News

Five women told the Times that it took a lawsuit to get action on predatory behavior. A second lawsuit has been filed. eXp says it let “bad actors” go.

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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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The Perfect Home Could Be the One You Perfect After Buying

Keeping Current Matters

There’s no denying mortgage rates and home prices are higher now than they were last year and that’s impacting what you can afford.

Mortgages 328
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How to leverage pop culture moments to improve your listings

Inman

When it comes to marketing high-end homes, it pays to think like an ad firm. That means knowing your target audience, using themes they’ll understand, and finding ways to creatively defy convention.

Marketing 208
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A sub-7% mortgage rate brings holiday cheer

Housing Wire

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. 14, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down from last week’s 7.03% and up from 6.31% the same week a year ago.

Mortgages 501
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Brokers in Focus: ‘There's no half doing this anymore’

Real Estate News

Laura Ellis, Baird & Warner’s strategy leader, believes changes spurred by Sitzer/Burnett will be “good for the serious, competent real estate professional.

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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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Down Payment Assistance Programs Can Help Pave the Way to Homeownership

Keeping Current Matters

If you’re looking to buy a home, your down payment doesn’t have to be a big hurdle.

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How Sean Carpenter is building relationships and solving problems

Inman

As part of his Snapshot series, Brandon Doyle profiles speaker, coach and consultant Sean Carpenter to find out how he brings fun and enthusiasm to his real estate journey.

Agents 192
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Inflation data is good news for real estate in 2024

Housing Wire

Today’s inflation reports show that Federal Reserve rate cuts are in play in 2024 — not because of the labor market breaking, but because real rates are too high. If the labor market gets weaker, meaning jobless claims break over 323,000 on the four-week moving average, we can get even more rate cuts. The labor market is not there yet so for now we can focus on the fact that the Fed overhiked, and because of that, they have room to cut.

Land 505
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Home sales will bounce back in 2024, says NAR panel

Real Estate News

Economists were optimistic about the year ahead, but noted that inflation and mortgage rates will be key factors.

Sales 311
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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 You Need To Know About Down Payments [INFOGRAPHIC]

Keeping Current Matters

If you want to buy a home, you may not need as much for your down payment as you think.

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New lawsuit accuses eXp of ignoring agent sexual assault

Inman

The suit accuses now-former eXp agents of sexually assaulting a woman and claims eXp failed to stop the "abhorrent behavior." It follows a similar case that began in February.

Agents 191
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47 Texas real estate firms, associations get hit with second commission lawsuit

Housing Wire

As the saying goes, everything is bigger in Texas. A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions. This is the second commission lawsuit filed in the Lone Star State since a Missouri jury found the real estate industry liable for colluding to inflate agent commissions in late October.

MLS 493
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Looking back on a year of mortgage rate madness

Real Estate News

While high borrowing costs brought the market to a halt in 2023, there are signs that mortgage rate relief is coming in 2024.

Mortgages 294
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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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If Your House Hasn’t Sold Yet, It May Be Overpriced

Keeping Current Matters

Has your house been sitting on the market a while without selling?

Marketing 324
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Stop! Before you send that buyer listings, ask these 47 questions

Inman

If you don't ask your buyers the right questions, writes broker associate Cara Ameer, before you travel too far down the road with them, you could end up wasting their time and yours.

Agents 188
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What Fed rate cuts in 2024 will mean for homebuyers

Housing Wire

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. While the central bank did not completely rule out the possibility of a rate increase in 2024, that action seems unlikely. Instead, fresh economic projections from central bank officials showed rates would be slashed to a median 4.6% by the end of 2024, suggesting three 25 basis points (bps) cuts from current levels.

Banks 488
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EasyKnock accused of deceptive practices, hit with fine

Real Estate News

The Massachusetts attorney general claimed the "buy-before-you-sell" company targeted financially strained homeowners through its sale-leaseback program.

Sales 262
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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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How Much Does It Cost to Build a Luxury Home

RIS Media

Building a luxury home is a dream for many, but the path to turning that dream into reality involves careful planning and a thorough understanding of the costs involved. Whether you envision a sprawling mansion with breathtaking views or a modern oasis with cutting-edge amenities, the cost of building a luxury home can vary significantly.… The post How Much Does It Cost to Build a Luxury Home appeared first on RISMedia.

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WATCH: Market vs mindset

Inman

In this game-changing episode of Keepin’ It Real, RE/MAX President and CEO Nick Bailey gleans tips and advice from real estate coaching icons Brian Buffini and Jared James.

Marketing 189
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Job growth will fuel the housing demand in the long term: NAR’s Lawrence Yun

Housing Wire

After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. This is according to NAR Chief Economist Lawrence Yun, who shared a presentation of his 2024 forecast on Tuesday. While the past two years have been challenging to say the least for prospective homebuyers , homeowners have been reaping the fruits of their investments, as home prices steadily appreciated for the past three years.

Mortgages 493
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Brokerage Beat: News from RE/MAX, Real, CB Warburg, more

Real Estate News

RE/MAX adds 120 agents through two affiliations; Real takes on Kansas City; CB Warburg promotes COO; C21 gains firm in Illinois; The Agency opens in Boulder.

Brokerage 252
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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.