Fri.Dec 20, 2024

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FHA borrowers would get mortgage insurance relief through proposed House bill

Housing Wire

A new bill introduced in the U.S. House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Introduced by Reps. Gregory W. Meeks (D-N.Y.) and Pete Sessions (R-Texas) on Thursday, the bipartisan bill allows borrowers to stop paying mortgage insurance once their loan-to-value (LTV) ratio reaches 78%, rather than paying it f

FHA loan 363
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Housing market looking less attractive to investors

Real Estate News

But there is still competition for homes, especially at lower price points, where first-time buyers cross paths with buyers on the investment side.

Investor 165
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The leadership deficiency in the mortgage industry: How we got here and how we can fix it  

Housing Wire

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? This is especially evident in the mortgage industry, where leadership is a term often thrown around but rarely understood in its full capacity.

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Agents expect more sales, (much) lower rates in 2025

Real Estate News

Two recent surveys of agent sentiment conveyed a general sense of optimism heading into the new year, though mortgage rate expectations may not match reality.

Agents 165
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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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NAR settlement appeals continue as law professor Tanya Monestier weighs in

Housing Wire

After filing several different motions, including a motion to intervene, University of Buffalo law professor Tanya Monestier has filed an appeal of several rulings made by Judge Stephen R. Bough including his final approval of the National Association of Realtors (NAR) commission lawsuit settlement agreement. In a notice filed on Thursday, Monestier informed the Eighth Circuit Court of Appeals that she was appealing Boughs ruling on her motion for reconsideration, her motion to intervene and

As-is 317
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The Truth About Down Payments

Keeping Current Matters

There’s a misconception going around that you have to put 20% of the purchase price down when you buy a home. But the truth is, many people don’t put down that much unless they’re trying to make their offer more competitive.

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News Knockout: Commission lawsuits settlement tops 2024

Inman

Despite an array of significant stories throughout 2024, none could surpass the industry-shaking news of NAR agreeing to settlement terms in the wake of antitrust commission lawsuits that would forever reshape how agents and brokers do business.

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What real estate leaders need to know about the 2025 housing market

Housing Wire

Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors and upcoming speaker at the Housing Economic Summit, sat down with HousingWires Senior Director of Events Brena Nath to answer a few questions on what she thinks is to come for real estate in 2025.

Marketing 231
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24 gifts real estate agents actually really want for Christmas this year

Inman

Forget gadgets and swag. According to team leader Carl Medford, what Realtors really want right now are well-behaved children at open houses, punctual contractors and, well, an end to 2024.

Agents 144
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Ginnie Mae exec who helped launch MBS issuer scorecard announces retirement

Housing Wire

Leslie Meaux Pordzik, who serves as senior vice president for the Office of Issuer and Portfolio Management at Ginnie Mae , will retire from the government-owned corporation on Dec. 27, marking the conclusion of a 36-year career in the mortgage finance industry. Pordzik has spent the past 13 years at Ginnie Mae, having overseen more than 400 mortgage-backed securities (MBS) issuers while aiming to modernize compliance and monitoring profiles.

Finance 348
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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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Check out this can’t-miss new year’s expired listing opportunity

Inman

The right data and a winning marketing plan can set you up for 2025 success when you pursue expired listings, Jimmy Burgess writes.

Marketing 139
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Anywhere settles lawsuit tied to Telephone Consumer Protection Act complaint

Housing Wire

After more than five years of back and forth, Anywhere and the plaintiffs in the Bumpus Telephone Consumer Protection Act (TCPA) suit have finally reached a proposed settlement. According to a notice filed last week and entered into the court docket on Thursday, the parties have reached a class-wide settlement in principle and are working to finalize a fully integrated settlement agreement.

Brokerage 282
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These 5 marketing events will help move the needle on your listing

Inman

Make each property listing memorable when you create events that are designed to get your listing seen and sold, Coldwell Banker Warburg's Kevelyn Guzman writes.

Marketing 135
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Keller Williams expands in Milwaukee with addition of Houseworks Collective

Housing Wire

Austin -headquartered Keller Williams has expanded its presence in Wisconsin. The brokerage announced this week that it has added the Milwaukee -based Houseworks Collective real estate team. The deal brings 15 agents and more than $60 million in annual sales volume to Keller Williams. Houseworks will join Keller Williams MKE , a market center located in Whitefish Bay, Wisconsin.

Brokerage 274
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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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Fifth Wall Ventures targets $500M for new real estate tech fund

Inman

Fifth Wall Ventures, a venture-capital firm, plans to raise an impressive $500 million for a new fund, the Fifth Wall REACT Fund, according to a new regulatory filing on Wednesday.

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NAR sends cease-and-desist letter to Phoenix Realtors

Housing Wire

Real estate professionals and even some local Realtor associations have begun pushing back against the National Association of Realtors (NAR) three-way membership. Phoenix Realtors (PAR) is one such association exploring alternative membership structures, but NAR is not having it. In an email, sent to NARs board of directors, association leaders and other members, NARs General Counsel Lesley Muchow informed recipients that NAR had sent a cease-and-desist letter to Phoenix Realtors due to its new

MLS 282
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Mike DelPrete looks at the industry through the lens of probability

Inman

Tune in to Inman Access, and learn how to tap into the power of probability with industry analyst Mike DelPrete.

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Investor purchases are sinking with the housing market at large

Housing Wire

Home sales in 2024 have been well below historic norms. Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Real estate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash. But even investors have purchased fewer homes this year.

Investor 249
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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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Clear Cooperation, commission countdown, charges: Inman Top 5

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 115
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LoanPASS CRO on the cultivation of a reverse mortgage lender partnership

Housing Wire

At the beginning of 2024, mortgage technology company LoanPASS was announced as a technology partner for reverse mortgage lender Smartfi Home Loans. The lender chose LoanPASS to provide its software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. This partnership has become a fruitful one, according to Bill Mitchell, chief revenue officer at LoanPASS.

Mortgages 231
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Redfin commission model drawing more, better agents: Jason Aleem

Inman

Aleem, Redfin's chief of real estate services, also said the agents who have joined since the company adopted a commission model are making more money.

Agents 131
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Would you trust a robot to help grandma age in place? You might need to

Housing Wire

The U.S. is about to face a reckoning when it comes to its 65-and-older population outnumbering children for the first time. But other nations including Japan are facing an even steeper ratio of older people to younger counterparts. Since there is already a shortfall in home-care workers , encouraging people to enter the home care workforce or finding an alternate solution will be important.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Making the move from top producer to CEO

Inman

If you're looking to take on leadership opportunities and move up to a higher level professionally, Radius' Jamie Crain writes, here are the mindset and prractice shifts you need.

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Homebuilders are using more buyer incentives since the election

Housing Wire

The combination of the 2024 presidential election , anticipated future rate cuts, mortgage rate volatility and housing affordability challenges have led more potential homebuyers to stay on the sidelines. But a new report from Zonda says that after the election, consumers have started to regain their confidence in home shopping. The New Home Market Update from Zonda, a construction data provider, was released Friday.

Sales 231
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Sherry Chris steps down from advisory role at Anywhere

Inman

A year and a half after transitioning from her chief executive position to an advisory role, Chris announced that she's "on to a new adventure.

Branding 110
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Rocket Companies’ Bill Emerson on HUD lawsuit: ‘We want the correct party responsible, not us’

Housing Wire

In a recent episode of the HousingWire Daily podcast, Editor in Chief Sarah Wheeler sits down with Bill Emerson, president of Rocket Companies , to discuss its recent lawsuit against the U.S. Department of Housing and Urban Development (HUD) and the principle of appraisal independence for lenders. This conversation has been edited for length and clarity.

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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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Mortgage Mix: ‘Trigger Leads’ Bill Advances; Fed Projects Fewer Cuts

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday. -The Senate last week passed a bill that would ban so-called trigger leads in the mortgage industry, with the legislation receiving widespread support from the industry. Trigger leads, which allow consumer information to be sold… The post Mortgage Mix: Trigger Leads Bill Advances; Fed Projects Fewer Cuts appeared first on RISMedia.

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Downtown Brooklyn Two-Bedroom With Six Closets, Skyline Views Asks $899K

Brownstoner

It isn't dripping with opulent prewar details, but this unit in Downtown Brooklyn's postwar Concord Village complex has some modern style and room to spread out as well as skyline views. On the 12th floor of 215 Adams Street, one of the seven buildings that make up the complex, it… Read More > The post Downtown Brooklyn Two-Bedroom With Six Closets, Skyline Views Asks $899K appeared first on Brownstoner.

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Navigating the Path Forward: A 2025 Game Plan

RIS Media

As 2024 comes to a close, the real estate industry is gearing up for a new year and a fresh start. After dedicating over 13,000 labor hours to the NAR settlement, we’re ready to lay a strong foundation for a successful start to 2025. While we continue to adapt to real estate’s new era, there… The post Navigating the Path Forward: A 2025 Game Plan appeared first on RISMedia.

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A Former Rectory in Newburgh, Complete With White Picket Fence, Yours for $789K

Brownstoner

Set on a generous lot on one of Newburgh's architecturally intriguing avenues, this recently renovated former rectory retains its 19th century charm. The wood frame dwelling on the market at 177 Grand Street is within the East End Historic District, an area rich in examples of popular 19th century architectural… Read More > The post A Former Rectory in Newburgh, Complete With White Picket Fence, Yours for $789K appeared first on Brownstoner.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.