Sat.May 25, 2024 - Fri.May 31, 2024

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The Biggest Mistakes Buyers Are Making Today

Keeping Current Matters

Buyers face challenges in any market – and today’s is no different.

Marketing 345
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'Unfiltered' podcast: NAR is sending the wrong message

Real Estate News

Watch the conversation with marketing pro Brian Boero as he imagines how NAR and the industry could — and should — be communicating with agents and consumers.

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2024 inventory growth challenges mortgage rate lockdown

Housing Wire

The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. But 2024 has proven that theory wrong. 2024 has had healthy inventory growth despite mortgage rates above 7%. Also, for the third time this year, I have hit my target of weekly inventory growth between 11,000 -17,000, thus leading to more inventory than we saw in 2023.

Mortgages 520
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Bright MLS will allow sellers to offer concessions upon listing

Inman

In response to NAR's proposed settlement, the nation's second largest MLS will add data fields on June 11 allowing sellers to signal they're willing to offer buyer concessions when they list a home.

MLS 190
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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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How an Agent Helps Market Your House

Keeping Current Matters

You’re ready to sell your house. But what do you need most from your real estate agent?

Agents 334
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More sellers are cutting prices as home sales slow

Real Estate News

The share of homes with price drops reached an 18-month high as sellers try to jumpstart buyer interest in stale listings, Redfin reported.

Sales 314

More Trending

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NWMLS opts out of NAR deal in bid to continue commission offers

Inman

Northwest MLS says banning compensation in the MLS restricts consumer choice and transparency. Plaintiffs' attorney Michael Ketchmark says "the fox is guarding the chicken house.

MLS 190
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How VA Loans Can Help You Buy a Home

Keeping Current Matters

For over 80 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes.

VA loan 319
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Northwest MLS will not join NAR settlement

Real Estate News

The organization is the first non-NAR MLS to announce its intentions, and it says keeping the compensation field provides more transparency for consumers.

MLS 284
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Pending home sales slowed considerably in April: NAR

Housing Wire

Pending home sales sales dropped 7.7% in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending transactions fell 7.4%. The NAR’s Pending Home Sales Index declined to 72.3 in April, down from 78.2 in March. All four U.S. regions reported decreases on both a monthly and yearly basis, with the Midwest and West experiencing the largest monthly declines.

Sales 531
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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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Sellers are cutting prices at record pace to combat softening demand

Inman

Sluggish homebuyer activity has pushed sellers to adjust their price expectations, according to Redfin's latest report. The median asking price declined for the first time in six months to $416,000.

Brokerage 188
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Top Reasons To Own a Home [INFOGRAPHIC]

Keeping Current Matters

Buying a home has powerful financial and non-financial benefits.

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Bright MLS to offer expanded concessions field

Real Estate News

Starting in June, the field will include an option for payment of buyer agent fees, and updates coming in August will give sellers more flexibility.

MLS 264
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Northwest MLS criticizes $418M NAR settlement agreement, opts out

Housing Wire

Northwest MLS , the largest multiple listing service in the Pacific Northwest, will not take part in the $418 million agreement reached by the National Association of Realtors (NAR) in the Sitzer/Burnett case. In fact, NWMLS said that its own rules on buyer agent compensation are fairer and more transparent than the terms NAR agreed to in March. It also criticized NAR for pushing “consumers and brokers to make secret deals off MLS, inviting deceptive practices, discrimination and unfair housi

MLS 508
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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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Teams Spotlight: Kyle Whissel, Whissel Realty Group

Inman

Find out how this team leader went from hating real estate to becoming an award-winning broker with a focus on fostering the success of his agents.

Agents 187
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How Do Climate Risks Affect Your Next Home?

Keeping Current Matters

Climate change is impacting where people buy homes.

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299
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What is steering? 3 scenarios to consider

Real Estate News

Agents will be navigating new territory in August, and they'll need to avoid any hint of steering. CRMLS general counsel Ed Zorn offers some tips.

Agents 252
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Percentage of homes with price cuts reaches 18-month high: Redfin

Housing Wire

A report released Thursday by Redfin showed that 6.4% of U.S. home sellers cut their asking prices during the four-week period ending May 26. That is the highest percentage since November 2022 and a potential sign that sale prices will soften in the coming months. The national real estate brokerage reported that the median asking price in the past week was $416,623, a weekly decline of about $3,000 and the first pullback in six months.

Mortgages 497
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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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Recruiting War ’24: Commission suits loom over the fight for talent

Inman

Industry members see commission suits as one of the top recruiting challenges of 2024. But brokers who can target and elevate middle-tier agents might have an opportunity.

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Alaska Airlines buys former Boeing building in Renton’s Longacres

Seattle Times Real Estate

Alaska plans to spend $100 million renovating the property so pilots, flight attendants and other employees can train together.

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People on the Move: Fathom, EXIT add to their C-suites

Real Estate News

Financial services exec Jon Gwin named COO of Fathom Holdings; longtime EXIT Realty SVP Susan Harrison promoted to CIO role.

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251
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VA extends foreclosure moratorium through 2024

Housing Wire

The U.S. Department of Veteran Affairs (VA) announced on Wednesday that it has called on mortgage servicers to extend the moratorium on foreclosures for VA-guaranteed loans through Dec. 31, 2024, while these companies implement a new program to help struggling veterans. The current moratorium, announced in November, was set to end on Friday. It was implemented amid complaints of veterans’ struggles because there was no program available to succeed a partial claim option offered during th

Loans 493
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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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MLSs opt out, work around, push back at new rules: The Download

Inman

MLSs rethink rules and develop new policies in the face of upcoming changes to their ability to post compensation information.

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5 Insights on the Current State of Commercial Real Estate That Investors Must Know About

Bigger Pockets

This article is presented by Walker & Dunlop. Read our editorial guidelines for more information.

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Home prices continue to reach new highs

Real Estate News

The latest Case-Shiller index reported another record high, with U.S. home prices increasing 6.5% year-over-year in March.

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Biggest home price gains are in the Northeast

Housing Wire

Home prices in the United States continued their upward trajectory in March, with the S&P CoreLogic Case-Shiller U.S. National Home Price Index recording a 6.5% annual gain, matching February’s growth, according to the latest report. Meanwhile, the U.S. National Index posted a month-over-month increase of 0.3%, while the 20-City and the 10-City Composite both reported month-over-month increases of 0.3% and 0.5%, after seasonal adjustment.

Sales 476
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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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Nation’s largest MLS now allows listings to show seller concessions

Inman

The change allows listings in the California Regional Multiple Listing Service to display whether a homeseller is willing to offer concessions in price — including to cover broker fees.

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Why Frustrated Buyers are Dropping Out of the Market

RIS Media

It’s not a buyer’s market in residential real estate right now—and many buyers are dropping out in the face of unfavorable market conditions. Bright MLS (covering the mid-Atlantic) has published its latest member survey results for May 2024. The survey surmises consumer behavior from agent/broker responses, and the results are eye-catching. Of the buyer agents… The post Why Frustrated Buyers are Dropping Out of the Market appeared first on RISMedia.

Marketing 133
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Buy Side: Why buyer agreements are good for agents

Real Estate News

Cassie Walker Johnson not only supports buyer contracts, she offers training on them: “This is the tool that will define your entire professional relationship.

Agents 251
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U.S. mortgage delinquency rates remain near historic lows: CoreLogic

Housing Wire

In March 2024, the national delinquency rate for residential mortgages stood at 2.8% for the third month in a row, up slightly from March 2023, according to the latest CoreLogic Loan Performance Insights report. The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. Early-stage delinquencies (mortgages 30 to 59 days past due) accounted for 1.5% of all mortgages in February, up from 1.1% in March 2023.

Mortgages 474
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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.