Sat.May 04, 2024 - Fri.May 10, 2024

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How housing credit is shaping housing inventory

Housing Wire

Housing credit channels directly impact housing inventory channels. What does that mean? Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. Let’s see how this has played out in different stages of the economy. On March 18, 2020, purchase application data broke out to pre-cycle highs in demand.

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CoStar CEO on Matterport deal: Virtual tours, real advantage

Real Estate News

Andy Florance discusses the “transformative technology” and his plans to rapidly expand the company while rolling out generative AI features later this year.

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How Buying or Selling a Home Benefits Your Community

Keeping Current Matters

If you're thinking of buying or selling a house, it's important to know it doesn't just impact you—it helps out the local economy and your community, too.

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Buyers seek surprise injunction to halt commission suit settlements

Inman

The plaintiffs in a suit known as Batton 1 have filed for a temporary restraining order preventing the final approval of the Keller Williams, Anywhere and RE/MAX settlements.

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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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Warren Buffett: Real estate agent commission structure “has worked out very well”

Housing Wire

Legendary investor Warren Buffett and Greg Abel, the CEO of Berkshire Hathaway Energy , addressed the commission lawsuits and HomeServices of America’s recently announced settlement of the suits, during Berkshire Hathaway’s annual shareholder meeting on Saturday. “There is no question that the industry will go through some transitions because of the settlements — ours and every other major player in the industry settled, the National Association of Realtors settled for more than $400 million ,”

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Judge denies effort to delay commissions settlement hearing

Real Estate News

Buy-side plaintiffs who claim the Anywhere, RE/MAX and KW deals go too far will still get their chance to make that argument in court May 9.

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What if NAR went away? Examining the catastrophic potential

Inman

Although it may seem righteous to dismantle the institution that NAR has built, brokerage founder Sean Frank writes, the collapse of NAR would equate to the collapse of the modern real estate market as we know it.

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Did lower mortgage rates slow housing inventory growth?

Housing Wire

My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases , inventory growth slowed dramatically and is far from my 11,000-17,000 growth model with mortgage rates over 7.25%. Did the recent dip in mortgage rates play a role here or is this the average choppy weekly data we have seen in past years?

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Homebuyers try to halt approval of commissions settlements

Real Estate News

Anywhere, RE/MAX and KW deals at risk after new documents reveal a plan to include immunity from buy-side lawsuits, plaintiffs in the Batton case allege.

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What's Motivating Your Move?

Keeping Current Matters

Thinking about selling your house?

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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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Blend trims loss, shrugs off decline in mortgage segment revenue

Inman

Mortgage tech and cloud banking software provider says it's debt free and on faster track to profitability, thanks to $150 million cash injection from Haveli Investments.

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Rocket hires former Thomson Reuters, Intel executive as its first CTO

Housing Wire

Rocket Companies , the parent of Rocket Mortgage , announced on Monday that it has hired Shawn Malhotra, a former Thomson Reuters and Intel executive, as the first chief technology officer (CTO) in the company’s history. Malhotra will oversee, among other areas, the firm’s artificial intelligence (AI) development, data science, product engineering, technology operations and information security.

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Agents Decoded: Want to prove your value? Bone up on assumable mortgages

Real Estate News

Mortgage assumptions aren’t new, but they’re about to get a lot more popular because the math works for both sides of the closing table.

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The Top 2 Reasons To Consider a Newly Built Home

Keeping Current Matters

When you’re planning a move, it’s normal to wonder where you’ll end up and what your future home is going to look like.

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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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‘Godspeed’: Enforcement of NAR settlement changes shifts to MLSs

Inman

At the Realtors Legislative Meetings earlier this week, MLS executives were told they would be responsible for making sure real estate agents and brokers follow the new commission rules.

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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening.

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Portals ‘should not work against outcomes’ the government seeks

Real Estate News

In a conversation with Real Estate News, Realtor.com CEO Damian Eales discussed NAR, the benefits of major rule changes and the role of home search sites.

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Industry Leaders Discuss AI at NAR Summit

RIS Media

At the 2024 REALTORS® Legislative Meetings on Tuesday, May 7, 2024, the “Emerging Business Issues and Technology Forum,” featured a panel of experts exploring how AI and augmented reality will shape the real estate industry. The panel was moderated by Julie Whitesell, chair of the Emerging Business Issues and Technology Forum and broker in charge… The post Industry Leaders Discuss AI at NAR Summit 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.

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Showcase your team’s success: Enter the Inman Innovator Awards

Inman

Join us in celebrating real estate's best and brightest innovators at Inman Connect Las Vegas, July 31 to Aug. 1. Submit your nomination now for the 2024 Inman Innovator Awards.

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Batton plaintiffs look to block final approval of commission lawsuit settlements

Housing Wire

The plaintiffs in the Batton 1 homebuyer commission lawsuit are making a last-minute effort to prevent the court from granting final approval to the commission lawsuit settlement agreements reached by Anywhere , Keller Williams and RE/MAX on Thursday. The Batton plaintiffs filed a motion for a temporary restraining order and preliminary injunction on Wednesday in Chicago’s U.S.

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Tech Bytes: News from Remine, CubiCasa, Supra, Lone Wolf, more

Real Estate News

New CEO at Remine; CubiCasa adds products; Supra unveils new platform; NNRMLS teams with Lone Wolf; Listing Showcase expands; news from Cloze, Lundy, Vestaplus.

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Settlements Face 11th Hour Delay in Dispute Over Buyer Immunity

RIS Media

Plaintiffs in Batton, the largest commission-focused case filed by homebuyers, are seeking to delay approval of settlements that brokerages agreed to in cases filed by homesellers, according to a court filing today, claiming at least two companies are attempting to squeeze in immunity from buyer claims at the last minute. With the final approval hearing… The post Settlements Face 11th Hour Delay in Dispute Over Buyer Immunity appeared first on RISMedia.

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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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Compass posts revenue spike and increases agent count in strong Q1

Inman

The real estate brokerage also managed to trim losses and achieved positive free cash flow for the first time ever in a first quarter, according to an earnings call Wednesday.

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Surefire CRM error results in 600K errant, unsolicited messages: sources

Housing Wire

Because of an apparent error made by staff at ICE Mortgage Technology ‘s Surefire customer relationship management (CRM) platform, more than 600,000 emails and texts were sent without permission to real estate agents, business partners and past clients of loan officers around the country. These messages, part of Surefire’s weekly “Markets in a Minute” deployment, mistakenly contained a New Jersey-based LO’s marketing materials and contact information (including NMLS

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Warren Buffett: Real estate is ‘fundamental’

Real Estate News

The Berkshire Hathaway CEO, along with Vice Chair Greg Abel, spoke about the HomeServices settlement and more during the company's annual shareholder meeting.

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Investment Potential of a Condo vs. a House: A Comprehensive Comparison

RIS Media

Real estate remains a solid investment choice. It offers both rental income and the possibility of appreciation. However, deciding between investing in a condominium or a house depends on market trends, personal investment goals and the economic climate. I will provide a detailed comparison between buying condos and homes and evaluate their respective merits as… The post Investment Potential of a Condo vs. a House: A Comprehensive Comparison appeared first on RISMedia.

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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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Mortgage demand picks up as rates retreat from 2024 highs

Inman

Some borrwers were quick to spring into action, with applications for purchase loans rising by a seasonally adjusted 2 percent and requests to refinance up 5 percent week over week.

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Why agents should personalize marketing

Housing Wire

Personalized marketing is on the rise in just about every sector. In our hyperconnected times, consumers have more choices than ever, and brands have to get creative if they want to stand out in an oversaturated landscape. In the highly competitive world of real estate , it’s no different. Firms are seeking ways to foster deeper, more meaningful connections with clients, which is where personalized marketing comes in.

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Brokerage Beat: News from E&V, Corcoran, Side, Real, more

Real Estate News

E&V opens in Mexico City; Corcoran gains 3 NFL pros; Side adds teams; largest woman-owned firm joins Real; William Raveis acquires S.C. indie; eXp Canada grows.

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NAR Lobbyists Keep Long-Term Focus in Shadow of Settlement

RIS Media

Attendees walk past the REALTOR® logo Sunday at the Walter E. Washington Convention Center in Washington D.C. Three months ago, NextHome CEO James Dwiggins, speaking on an RISMedia webinar, took a forceful—and somewhat unexpected position—on controversies and questions currently dogging the National Association of REALTORS® (NAR). A vocal critic of the organization, Dwiggins took a… The post NAR Lobbyists Keep Long-Term Focus in Shadow of Settlement appeared first on RISMedia.

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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.