Sat.Sep 21, 2024 - Fri.Sep 27, 2024

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Redfin ramping up, sees a brighter spring ahead

Real Estate News

Agent count is growing, teams are expanding and its new compensation plan — Redfin Next — is going national faster than expected, according to a top exec.

Agents 261
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‘The fever has broken’: Action steps for agents after rate cuts

Inman

An environment where the fed funds rate is being cut instead of raised has historically been better for the real estate industry. Now is the time for agents to become the resource for information and professionalism.

Agents 190
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Is Your House Priced Too High?

Keeping Current Matters

Every seller wants to get their house sold quickly, for as much money as they can, with as few headaches as possible.

Agents 354
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Are these the lowest mortgage rates we’ll see in 2024?

Housing Wire

Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. To get to the lower end of this range, we needed to see two things: the labor market getting softer and the mortgage spreads improving. This is the double-whammy impact, and that’s what has happened.

Mortgages 525
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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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CoStar tallies win in ongoing Realtor.com trade secrets suit

Real Estate News

A U.S. District Court judge has denied Move’s request for a preliminary injunction and questioned claims of “irreparable harm” to Realtor.com.

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More Trending

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The Down Payment Assistance You Didn’t Know About

Keeping Current Matters

Believe it or not, almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it.

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Buyers still expect sellers to cover agent compensation

Housing Wire

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. This comes even as the business practice changes outlined in the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement have been implemented across the country. Real conducted its survey between Aug. 30 and Sept. 15, recording the responses of roughly 300 agents across North America.

Agents 511
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California sets a 3-month limit on buyer agent agreements

Real Estate News

The new law, which takes effect Jan. 1, allows agreements to be extended — but not automatically. It was created in response to the NAR settlement.

Agents 301
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Is that big Fed rate cut a cure-all for the mopey market? The Download

Inman

With this week's half-percent rate cut from the Federal Reserve, agents are hoping sellers will finally get off the fence and loosen up some inventory to get the market moving.

Marketing 199
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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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Why Buying Now May Be Worth It in the Long Run

Keeping Current Matters

Should you buy a home now or should you wait? That’s a question a lot of people have these days.

Equity 326
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More loan buybacks from Freddie Mac are raising eyebrows

Housing Wire

Seller repurchases of Freddie Mac mortgages rose by $430 million in the second quarter of 2024, a 29.1% increase from the first quarter, according to an analysis of public filings by Inside Mortgage Finance. By contrast, sellers of loans through fellow government-sponsored enterprise (GSE) Fannie Mae repurchased $268.5 million in noncompliant loans during the same period, a 27.7% decline from Q1 2024.

Loans 514
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‘Unfiltered’: How real estate’s ‘powerful culture’ led to ‘price fixing’

Real Estate News

Watch the conversation with Steve Brobeck — whose work has influenced commissions cases and DOJ investigations — as he shares concerns about industry practices.

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NAR rival AREA launches petition to end Clear Cooperation Policy

Inman

The American Real Estate Association's call to end NAR's pocket rule has drawn more than 2,000 signatures since Friday, according to group co-founder Jason Haber, a Compass agent.

Agents 195
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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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Don’t Fall for These Real Estate Agent Myths

Keeping Current Matters

When it’s time to buy or sell a home, one of the most important decisions you’ll make is who you’ll work with as your agent.

Agents 321
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Signs of housing demand surge after interest rate cut

Housing Wire

The question from the housing industry after the Federal Reserve ’s half-point interest rate cut is simple — will this bring buyers back to the stalled housing market? A new report from Redfin suggests that it is already happening. The company analyzed mortgage rate-lock data from Optimal Blue and found that locks have risen 68% this week compared to one month earlier.

Mortgages 501
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The best investor opportunities? Look south

Real Estate News

Florida, North Carolina and Texas dominate a new report sizing up the top 10 markets for real estate investment.

Investor 293
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Fears of a widespread commission shift are unfounded. Here’s why

Inman

Most homebuyers will continue to use an agent and most homesellers will continue to cover buyer agent commissions, writes broker-owner Eric Bramlett of Austin-based Bramlett Residential.

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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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Buy Now, or Wait?

Keeping Current Matters

If you’re wondering if you should buy now or wait, here’s what you need to know.

Mortgages 316
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Opinion: Referral fees: The golden goose or rotten egg of real estate?

Housing Wire

In the real estate industry, referral fees have become a golden goose that stifles innovation, inflates the value chain, and ultimately harms both consumers and agents. Despite their prevalence, the current system is ripe for reexamination. The referral fee conundrum Referral fees are a familiar practice in real estate. Suppose someone with a real estate license identifies a potential homebuyer or seller.

Agents 491
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Lower rates attract refinancing — are home buyers next?

Real Estate News

While touring is up, mortgage purchase applications and pending sales are subdued. Inventory shows some promise but “extra stale” listings have increased.

Mortgages 284
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Murdoch’s REA Group makes another bid for UK’s Rightmove

Inman

Sydney-based News Corp subsidiary REA Group has made a third bid for UK portal Rightmove. The company offered $8.1 billion for Rightmove on Monday — a 10 percent increase from its first offer.

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192
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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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Getting Tenant Turnover Right Can Increase Your Income and Lower Costs Dramatically—Here’s How to Do It

Bigger Pockets

Tenant turnover is a huge issue. That's why it's just as important as anything else to get right. Here's how.

As-is 134
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Is housing affordability improving? Two new reports say yes

Housing Wire

Elevated mortgage rates have strained housing affordability for more than two years. With rates now falling — and more downward movement expected after the Federal Reserve ‘s recent interest rate cut — two new reports suggest that affordability is getting better too. The third-quarter 2024 housing affordability report from Attom says that falling mortgage rates, rising wages and slower home-price growth has made the expenses of buying and owning a home slightly more affordable.

FHA loan 488
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Side announces mentorship-focused rev share program

Real Estate News

The brokerage platform also asked a judge to dismiss a copycat commissions lawsuit, saying it fails to prove Side conspired with anyone over agent compensation.

Brokerage 281
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10 must-read real estate business books perfect for 2024

Inman

Ready to improve your knowledge and take on some new ideas? Marketing tech expert Stacie Kimberlain offers a list of essential books just right for the current market.

Marketing 190
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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.