2024

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DOJ charges one of America’s top LOs in alleged mortgage fraud scheme

Housing Wire

Two former New Jersey -based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. Attorney’s Office, District of New Jersey according to an announcement by the U.S. Department of Justice (DOJ) and U.S. Attorney Philip Sellinger. Christopher Gallo has been noted as a top-producing loan originator, at one point being Scotsman Guide ‘s fourth-ranked LO in the country.

Mortgages 542
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Zillow offering 7-day ‘touring agreement’ for agents

Real Estate News

The NAR settlement does not address home search portals, but Zillow wants to make it easier for buyers to try out an agent in a way that aligns with new rules.

Agents 313
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Inaugural class of Inman Future Leaders in Real Estate revealed

Inman

The class of 45 honorees represents the real estate industry's brightest achievers under the age of 40. Future Leaders is the latest addition to Inman’s growing industry-leading awards program.

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Most Home Buyers Want One, Medium-Sized Home Office

Eye on Housing

According to the latest What Home Buyers Really Want Study*, the vast majority of home buyers are looking for a home with at least one home office (or space dedicated to work/study). More specifically, 66% would prefer to buy a home with exactly one home office, 13% want at least two offices, and 20% want.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Navigating the Housing Market: A Seasonal Perspective

NAR: Economic Outlook

Navigating the Housing Market: A Seasonal Perspective Seasonality refers to predictable changes in data that correlate with certain times of the year; understanding it will help us anticipate trends.

Marketing 133
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The Impact of Liens on Real Estate Sales

RIS Media

A property lien is not just a term but a significant factor that can influence the outcome of home sales. Essentially, a lien is a legal claim or right against a property instituted by a creditor to secure debts or obligations owed by the homeowner. Its presence is a critical aspect that both buyers and… The post The Impact of Liens on Real Estate Sales appeared first on RISMedia.

Sales 134

More Trending

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Windsor Terrace Locals Want a Shorter, More Affordable Arrow Linen Project

Brownstoner

Locals called for proportional and contextual development in Windsor Terrace -- rather than high-rises that could set precedent for the neighborhood and beyond -- at a heated community meeting on a proposed 13-story development on Tuesday night. More than 200 residents from Windsor Terrace and surrounding neighborhoods packed Shepherd’s Hall… Read More > The post Windsor Terrace Locals Want a Shorter, More Affordable Arrow Linen Project appeared first on Brownstoner.

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Freddie Reports Surge in Multifamily Serious Delinquencies

Calculated Risk Real Estate

This is no surprise, but still a very large monthly increase in the delinquency rate. The multifamily rate increased recently as rent growth has slowed (and rents are falling in some areas), vacancy rates have increased, and borrowing rates have increased sharply. Freddie Mac reports that the multi-family serious delinquency rate increased sharply in January to 0.44% from 0.28% in December, and up from 0.12% in January 2023.

As-is 142
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Don't Be Fooled By The Inaccuracy of Zillow Zestimates

Realty Biz

In the digital age, Zillow has become a go-to platform for individuals looking to buy, sell, or assess the value of real estate. At the heart of Zillow's appeal is its incredible database of valuable real estate information. Unfortunately, one aspect of the site falls short. Their 'Zestimate' is an estimated market value for a home. Zillow provides an easy-to-use interface and immediate property value estimates.

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Buyer’s Agent: What Do They Do and How Much Are The Fees

Maximum Exposure Real Estate

Are you wondering what a buyer’s agent is and why you should have one? You are probably thinking, do I need a buyer’s agent? Many consumers wonder why they should have a representative when purchasing a home. They wonder whether there will be any value. From my years of experience as a Realtor, I know […] The post Buyer’s Agent: What Do They Do and How Much Are The Fees appeared first on Maximum Real Estate Exposure.

Agents 125
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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GSEs will not count buyer agent commissions as IPCs

Housing Wire

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees.

Agents 530
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What agents need to know about commission rule changes

Real Estate News

As a part of its proposed settlement, NAR agreed to significant policy changes that will impact how all agents do business — and how buyer agents get paid.

Agents 358
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Largest minority and women-owned brokerage in US joins Real

Inman

The Atlanta-based Village Premier Collection, led by Cheri Benjamin, has joined Real under its Private Label program. The company has roughly 500 agents and closed $665 million in sales in 2023.

Brokerage 190
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Inflation Stays Hot as Housing Cost Growth Persists

Eye on Housing

Consumer prices continued to rise in March, with shelter and gasoline prices driving over half of the total increase. This marks the third consecutive strong reading. Despite a slowdown in the year-over-year increase, shelter costs continue to put upward pressure on inflation, accounting for over 60% of the total increase in all items excluding food.

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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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Housing Affordability Conditions Made Progress in January 2024

NAR: Economic Outlook

Housing Affordability Conditions Made Progress in Janua At the national level, housing affordability increased in January 2024 compared to the previous month, according to NAR’s Housing Affordability Index.

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Energy Efficient Home Improvements Worth Doing

RIS Media

In today’s eco-conscious environment, energy efficiency isn’t just a buzzword—it’s a property’s standout feature. As a real estate agent, I witness first-hand how homeowners and buyers prioritize sustainability, driving demand for green improvements. This shift isn’t just ethical; it’s economical. Investments in energy-efficient home improvements, such as window replacements, insulation upgrades, solar panels and Energy… The post Energy Efficient Home Im

Agents 129
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Amid Seattle growth debate, map shows walkable neighborhoods in King County

Seattle Times Real Estate

Nat Henry wanted to know where he could build his life around walking and biking. Turns out a lot of other people were wondering about 15-minute neighborhoods, too.

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City Releases Detailed Plan for Controversial Housing Zoning Changes

Brownstoner

Taller residences, less parking, and more infill buildings will be allowed in New York City if the mayor’s City of Yes for Housing Opportunity zoning changes go ahead as planned. The draft text for the proposal was released today by the NYC Department of City Planning, the final installment in… Read More > The post City Releases Detailed Plan for Controversial Housing Zoning Changes appeared first on Brownstoner.

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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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Beyond the Headlines: Understanding How Proposed Changes in Real Estate Commissions Will Actually Impact You as a Buyer or Seller

Lighter Side of Real Estate

You’ve probably heard the news that there are changes coming in terms of how real estate commissions are paid. This might sound exciting and like a potential game-changer for you as a home seller or buyer, with headlines proclaiming things like: “Real estate commissions are being slashed!” “Selling your house will now be less expensive!” “No more paying 6% to real estate agents!

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U.S. Immigration Crisis: What It Really Means for Housing Markets and Investors

Bigger Pockets

A record 300,000 migrants entered the U.S. through the southern border in December. Rather than trying to sneak past border agents, many surrendered to apply for asylum.

Investor 118
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Fannie and Freddie: Single Family Serious Delinquency Rate Decreased, Multi-family Decreased in March

Calculated Risk Real Estate

Single-family serious delinquencies decreased in March, and multi-family serious delinquencies decreased again after the huge surge in January. Freddie Mac reported that the Single-Family serious delinquency rate in March was 0.52%, down from 0.54% February. Freddie's rate is down year-over-year from 0.62% in March 2023. This is below the pre-pandemic lows.

Staging 119
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Spring housing market gets more inventory

Housing Wire

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. Last year, we never hit that target. We have now seen it for two weeks as inventory grew by 13,247. Weekly housing inventory data We’ve now had back-to-back weeks of healthy housing inventory growth and spring 2024 is much healthier than spring 2023

Marketing 504
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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.

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Why is housing supply so low? Blame local zoning

Real Estate News

Two U.S. senators are pushing for policy changes that would reduce “exclusionary” zoning regulations and promote local development.

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Strength in home prices helped boost Fannie, Freddie 2023 profits

Inman

With a combined net worth of $125 billion after earnings this week, the mortgage giants remain on a path that could lead to eventual release from government conservatorship if political winds shift.

Mortgages 217
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Highest Paid Occupations in Construction in 2023

Eye on Housing

Half of payroll workers in construction earn more than $58,500 and the top 25% make at least $79,450, according to the latest May 2023 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB). In comparison, the U.S. median wage is $48,060, while the top.

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The Share of All Cash Buyers Highest Since 2014 at 32% of All Buyers

NAR: Economic Outlook

The Share of All Cash Buyers Highest Since 2014 at 32% Since October 2022, all-cash home buyers who did not finance their recent home purchase have been more than one-quarter of the real estate market.

Finance 138
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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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How to Assess the Financial Stability of an HOA

RIS Media

Understanding a Homeowner Association’s (HOA) financial stability is crucial for maintaining property values and ensuring residents’ high quality of life. Key examination elements include reserve funds, special assessments and financial planning. Reserve funds cover significant repairs and replacements, special assessments address unforeseen expenses and financial planning ensures long-term stability.

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Unpaid rent in low-income housing skyrocketed, evictions may be next

Seattle Times Real Estate

Tenants in low-income housing are struggling to pay rent — or refusing, depending on whom you ask. Either way, the debt could hurt affordable housing long-term.

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Overflow Crowd Packs Gowanus Church for Rowdy Meeting Over Migrant Shelter

Brownstoner

Spaced elbow to elbow in Hoyt Street’s City Life Church Monday night, Gowanus locals aired their concerns at a community meeting on a migrant shelter for 400 men slated to open in a former factory building on 3rd Street. A vocal group dominated the meeting, heckling speakers and yelling snipes… Read More > The post Overflow Crowd Packs Gowanus Church for Rowdy Meeting Over Migrant Shelter appeared first on Brownstoner.

Marketing 131
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Home prices post largest gain in more than a year: S&P 

Housing Wire

Home prices were near an all-time high in February. The S&P CoreLogic Case-Shiller U.S. National Home Price Index posted a 6.4% annual gain in February, up from a 6% gain in January, according to the newest report released Tuesday. It was the largest annualized increase recorded since November 2022. On an annual basis, the 10-city composite index grew by 8%, up from 7.4% the previous month.

Sales 470
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.