Sat.Feb 17, 2024 - Fri.Feb 23, 2024

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Are mortgage rates about to break out higher again?

Housing Wire

Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire , let’s look at where we are with mortgage rates and their impact on weekly housing data. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024.

Mortgages 536
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NAR: Commission suit insurance coverage ran out ‘some time ago’

Inman

There are no funds under NAR's policy available to pay for the cost of defending the Realtor associations nor their multiple listing services which have been sued, according to the trade group.

MLS 190
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It’s Time To Prepare Your House for a Spring Listing

Keeping Current Matters

If you're thinking of selling your house this spring, now is the perfect time to start getting it ready.

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3 top takeaways as the DOJ takes on commissions

Real Estate News

The newest statement from the Department of Justice focuses on one MLS settlement in a specific case but could be a blueprint for the industry as a whole.

MLS 354
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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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Home price gains slow as mortgage rates rise: Altos

Housing Wire

Are last year’s surprising home price gains evaporating? As interest rates climb again, some of the price signals are softening. Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. The price reductions data has turned less bullish for future sales also. Mortgage rates are back over 7%. We can see the impact on homebuyer demand across several of our stats.

Mortgages 514
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NAR breaks silence on DOJ call to decouple commissions

Inman

Consumer watchdog CFA hails federal agency's proposal to ban sellers from making compensation offers as a "major watershed" in promoting more competition in real estate.

MLS 200

More Trending

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How the rise of ADUs is creating new opportunities for agents

Real Estate News

As extra dwelling units become more mainstream, agents can market them as both a revenue source and a lifestyle.

Agents 314
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How do you solve the California housing crisis?

Housing Wire

California looms large in any discussion of housing affordability. The largest state by population, one out of every eight Americans lives in the Golden State, but the homeownership rate is dismal. According to Ben Metcalf, managing director of the Terner Center for Housing Innovation at UC Berkeley, the homeownership rate for California is 50 percentage points lower than the rest of the nation at only 44% in 2021.

Staging 508
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Take the Inman Intel Index Survey for February

Inman

The Triple-I goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey.

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Some Experts Say Mortgage Rates May Fall Below 6% Later This Year

Keeping Current Matters

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now.

Mortgages 357
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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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Real estate industry awards: Can we be better?

Real Estate News

Celebrating excellence should be about, well, actual excellence — not the size of someone’s wallet.

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Fannie Mae appoints Peter Akwaboah as COO

Housing Wire

Government-sponsored enterprise (GSE) Fannie Mae announced on Thursday the appointment of Peter Akwaboah as executive vice president and chief operating officer, effective May 20, 2024. Akwaboah, who is currently serving as COO for technology and global head of innovation at Morgan Stanley , has nearly 30 years of experience in the financial services industry.

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Corcoran brings on 3rd Houston franchise, Corcoran Genesis

Inman

The new franchise, led by owners Nicole and Doug Freer, will service clients in Houston's suburbs. The couple's team was No. 1 in Texas based on 2022 sales volume and transaction sides.

Sales 197
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Strategic Tips for Buying Your First Home

Keeping Current Matters

Buying your first home is a big, exciting step and a major milestone that has the power to improve your life.

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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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HomeServices of America dismissed from commissions case

Real Estate News

The Batton 1 lawsuit was brought by buyers, not sellers, and will move forward against NAR, Anywhere, RE/MAX and Keller Williams with fewer claims.

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Boston is the nation’s hottest housing market

Housing Wire

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. 23, 2024. The metro area, which comprises Southern New Hampshire and the North Shore region of Massachusetts , had an Altos Market Action Index score of 60.59 in late February, over a full point higher than the second-place fi

Marketing 493
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ShowingTime+’s Listing Showcase now nationwide

Inman

Zillow announced in a February 21 press release that the AI-driven marketing stack for listing agents, Listing Showcase, sold under the ShowingTime+ brand is now ready for primetime.

Branding 196
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How Changing Mortgage Rates Impact You [INFOGRAPHIC]

Keeping Current Matters

If you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month.

Mortgages 351
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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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Nick Bailey out in RE/MAX leadership shakeup

Real Estate News

Amy Lessinger, former SVP of Region Development, takes over as president, while two other execs receive promotions.

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Don’t get too excited about the jump in existing home sales

Housing Wire

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. However, the last four weeks have had negative trending data. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%.

Sales 493
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WATCH: Robert Reffkin talks portals, agents, the NYC subway

Inman

In a recent appearance at Inman Connect New York, the Compass CEO discussed his company's ongoing industry dominance and came out in favor of Homes.com in the portal wars.

Agents 197
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Emotional Considerations and Conflict Resolution In a Home Buyout

RIS Media

Home buyouts, especially in the throes of a divorce or during the challenging process of family inheritance, are laden with more than just financial considerations; they carry a heavy emotional weight. Often seen as a haven and a repository of memories, the home becomes a central figure in these life-altering events. Recognizing and addressing the… The post Emotional Considerations and Conflict Resolution In a Home Buyout appeared first on RISMedia.

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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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Dream of homeownership still alive with young buyers

Real Estate News

Millennial and Gen Z buyers have a higher tolerance for elevated mortgage rates, and many believe it’s a good time to buy, a Realtor.com survey found.

Mortgages 296
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Build-to-rent is attracting powerhouse investors. Here’s what’s next for the sector

Housing Wire

Earlier this month, real estate investment management firm Pretium Partners raised $1 billion to acquire build-to-rent homes, bringing its total investment in the sector to $2.5 billion. The investment was needed to chip away at a pronounced national housing shortage caused by “decades of under-building and under-investment,” according to Josh Pristaw, Pretium’s head of real estate.

Investor 493
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‘The mortgage professor’ Jack Guttentag dies peacefully at 100

Inman

Guttentag "remained sharp to the end” and continued researching and writing about mortgages until passing away peacefully on Feb. 6.

Mortgages 195
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Investors: Stop Worrying About Interest Rates—Here’s Why Right Now Is the Time to Buy

Bigger Pockets

Now that the new year buzz has settled and the reality of persistently high mortgage rates has set in, how should investors react?

Investor 135
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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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Homeownership is up, but minorities continue to lag behind

Real Estate News

A new NAR report finds that homeownership has increased over the past decade, but Asian, Hispanic, and especially Black Americans face more hurdles.

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Why is Fannie Mae optimistic about a housing market recovery?

Housing Wire

The year 2024 has started with cautious optimism that mortgage rates will drop, sparking much-needed activity in the sluggish U.S. housing market. Mortgage rates, however, have been on a rising trend of late. Recent data shows that the economy is booming, while the Federal Reserve is signaling that it will take its time before cutting benchmark interest rates.

Marketing 488
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6 scripts agents need for a time such as this

Inman

Meeting the unique needs of buyers and sellers today means knowing just what to say to generate important dialogues. Jimmy Burgess offers scripts that resonate in our current market moment.

Agents 195
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Who Cares About the Number of Doors You Have—Cash Flow Is What Actually Matters

Bigger Pockets

Investors get hung up on their total number of doors, but does that really matter? Here's why investors need to track stats beyond doors.

Investor 133
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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.