Sat.Oct 19, 2024 - Fri.Oct 25, 2024

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Real estate’s moment of opportunity

Real Estate News

From agent pay to association changes, a new report identifies 20 ways the industry can improve itself — and help homebuyers and sellers in the process.

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How Long Will It Take To Sell Your House?

Keeping Current Matters

As you’re getting ready to sell your house, one of the first questions you’re probably asking is, “how long is this going to take?

As-is 318
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Mortgage demand sinks another 6.7%

Housing Wire

Stubbornly high rates have hindered mortgage demand , but at least it’s better than it was a year ago. Mortgage applications decreased 6.7% from one week earlier, according to data from the Mortgage Bankers Association ’s (MBA) weekly applications survey for the week ending Oct. 18. The Market Composite Index, a measure of mortgage loan application volume, decreased 7% on an unadjusted basis.

Mortgages 476
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9 ways agents should be using AI to drive real estate sales

Inman

Creating content for your website, communicating with your sphere of influence and marketing your latest listing are all easy with the help of artificial intelligence, Luke Babich writes.

Sales 174
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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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Black Female Veteran-owned Boutique Firm Brings CENTURY 21 Brand to Southern Virginia Market

RIS Media

Above, Danielle Bowers Century 21 Real Estate LLC. has announced the company is growing its network south of Richmond, Virginia, with its latest affiliation of the Black, female, veteran-led Lifestyle Realty Group, LLC, based in Petersburg. The company is now doing business as CENTURY 21 Lifestyle. According to a release, the boutique firm was founded… The post Black Female Veteran-owned Boutique Firm Brings CENTURY 21 Brand to Southern Virginia Market appeared first on RISMedia.

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Florida has built 77,000 new homes in high-risk flood areas

Housing Wire

Since 2019, the state of Florida has built more than 77,000 new properties in areas with a high risk of flooding. This is the most among all states, according to an analysis by climate-modeling firm First Street Foundation on behalf of the The Wall Street Journal. The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said.

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Western White House sells for $23M, among highest local sales

Inman

Situated on nearly three acres, the property features 11 bedrooms, 14 bathrooms, a wine cellar, staff rooms—both added during the Elies’ renovation — and a swimming pool. Despite these extensive upgrades, the Elies ultimately found the home too large and chose not to move in.

Sales 179
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A disappointing September pushes home sales to 14-year low

Real Estate News

Lower mortgage rates and rising inventory failed to entice buyers, particularly first-timers, as prices continued their year-over-year climb.

Sales 307
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What To Expect from Mortgage Rates and Home Prices in 2025

Keeping Current Matters

Curious about where the housing market is headed in 2025?

Mortgages 321
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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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DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. And the Detroit-based lender believes it’s a “massive overreach.” On Monday, the U.S. Department of Justice —following a move made by the U.S. Department of Housing and Urban Development (HUD) in July—filed a lawsuit against the lender, appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group ,

Mortgages 511
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California Housing Market Stalls: What’s Next for Homebuyers?

Marco Santarelli

Hey there! Thinking about buying a home in California? The California housing market is a wild ride right now, and it's not always easy to figure out what's happening. Let's dive in and untangle some of the recent twists and turns. California Housing Market Stalls: What's Next for Homebuyers? Recent Trends: What's Going On? The California Association of REALTORS® (C.A.R.), a super reliable source for housing data, just released their September 2024 report, and things are…interesting.

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NAR hit with another lawsuit over ‘forced membership’

Real Estate News

A case filed in Pennsylvania challenges membership rules and accuses associations of discriminatory treatment of minority real estate professionals.

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Debunking Scary Myths About Buying a Home

Keeping Current Matters

There are a number of scary myths about homebuying in today’s market. Here’s what you need to know.

Marketing 316
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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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22 U.S. metros where buying a home is cheaper than renting

Housing Wire

Many renters think they’re saving money by renting, but long term, that might not be true. In some of the U.S.’s largest metros, a monthly mortgage payment is less expensive than the average rent. But there are many factors surrounding affordability—how do city dwellers make this decision? A new report from Zillow Home Loans outlines some key trends and factors for renters to consider when evaluating a home purchase.

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Why Did More People Decide To Sell Their Homes in Fall?

Marco Santarelli

Hey there! Thinking about buying or selling a home? You're not alone. Recently, more people decided to sell their homes than usual , and it's got the real estate market buzzing. Let's dive into why this surprising surge happened and what it means for you. Why Did More People Decide To Sell Their Homes in Fall? The Unexpected Fall Home Market Boom Typically, the real estate market slows down as summer ends.

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New home sales take off; market remains grounded overall

Real Estate News

September’s lower mortgage rates may have given a boost to the new construction sector, but buyer enthusiasm could be waning as rates climb back up.

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Why Today’s Foreclosure Numbers Won’t Trigger a Crash

Keeping Current Matters

With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market.

Marketing 298
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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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6 ways title companies can harness AI

Housing Wire

Feeling overwhelmed by all the AI talk? It’s understandable. Artificial intelligence (AI) has become a hot topic across every facet of life, including the real estate and title industries. Many title professionals are asking how AI can be used safely and effectively to improve daily operations. In this article, we’ll explore practical ways title companies can leverage AI to stay competitive in a fast-changing landscape, offering actionable tips to help you integrate these emerging tools respons

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The new redlining: Paying a buyer agent is just part of the challenge

Inman

Now that buyer agency compensation rules are in place, Trina Gonzales-Van writes, the NAR, regulatory bodies and significant stakeholders must consider their impact on borrowers and determine whether these policies do more harm than good.

Agents 172
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Industry Decoded: It’s time to do away with NAR’s arbitrary rules

Real Estate News

The Clear Cooperation Policy — a misguided attempt to level the playing field — doesn't meet the needs of consumers or support principles of free enterprise.

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Homebuyer Dreams, Macaroni and Cheese: What Is the AI ‘Recipe’ of the Future?

RIS Media

It isn’t as shiny and new as it was a couple years ago, when ChatGPT took the world by storm, but AI, or large language models, are still highly influential and fast-evolving pieces of technology that real estate professionals can’t ignore in their businesses. At RISMedia’s 36th Annual CEO & Leadership Exchange this past September,… The post Homebuyer Dreams, Macaroni and Cheese: What Is the AI ‘Recipe’ of the Future?

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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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Portrait of a pre-foreclosure peacemaker

Housing Wire

anely Sandoval’s calling to be a pre-foreclosure peacemaker started when she was in high school. “My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.

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Top 5 Stories on Brownstoner This Week: A Housing Lottery Launches in Williamsburg

Brownstoner

Affordable Housing Lottery Opens for Williamsburg Tower With $1,467 Studios An affordable housing lottery has opened for 49 apartments in a towering new mixed-income development on Boerum Street in Williamsburg. The 19-story, 162-unit building at 159 Boerum Street, which rises far above any other structure on the block, has gone up… Read More > The post Top 5 Stories on Brownstoner This Week: A Housing Lottery Launches in Williamsburg appeared first on Brownstoner.

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10 questions every agent should be able to answer

Real Estate News

NAR’s latest consumer guide tells buyers exactly what to ask a prospective agent. Agents should be prepared with compelling responses that play up their value.

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Plaintiffs Move to Block Proposed eXp Settlement in Smaller Case

RIS Media

Plaintiffs in the Gibson case have filed in opposition to eXp’s motion for a stay following its proposed settlement, looking to halt the settlement’s approval process so it can be evaluated. Earlier this month, the brokerage filed that it had struck a settlement in seller-filed commission lawsuits for $34 million, and agreed to “adopt certain… The post Plaintiffs Move to Block Proposed eXp Settlement in Smaller Case appeared first on RISMedia.

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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.