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Significant shifts in real estate team performance: Streamlined

Housing Wire

In five of the six size categories of teams both gross profit margins and net income margins declined from the second quarter 2023 results. This realignment can be viewed as an evolution in market dynamics, with sales dispersing into lower revenue categories (Gross Commission Income), teams and agents are still running profitable companies.

Brokerage 331
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What’s influencing the increase in REO acquisitions?

Housing Wire

While credit cards and auto loans aren’t directly related to mortgages , they comprise segments within the three main consumer debt categories. Conventional wisdom would dictate that the third category, mortgages, will follow if two of the three are negatively impacted. Economic factors aside, the 9% jump in repossessions makes sense.

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Opinion: More financing options for ADUs are needed

Housing Wire

However, despite these well-intentioned programs, ADUs remain a somewhat tricky thing for many consumers to finance – and many lenders are still figuring out how to best serve this growing category. For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments.

Finance 452
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Here’s how real estate brokers can aggressively attack operating costs

Housing Wire

Broker/owners have been on quite a ride over the last few years. The ongoing housing market decline, which saw existing-home sales fall 36% in 2022 alone (on a seasonally adjusted annual basis) and 41% overall to September’s low, is the sharpest (though not the deepest) in the history of this industry. Retain and develop.

Brokerage 397
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Judge in Zillow suit allows REX’s false advertising claims to stand

Housing Wire

Placing REX listings in the ‘Other listings’ category when juxtaposed with “Agent Listings” as the only other option is also literally false by necessary implication. A federal court judge concluded on Friday that in regard to REX’s false advertising claims against Zillow, the firm has proven “falsity.”

MLS 352
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Real estate brokers, it’s time to audit your tech spending

Housing Wire

The first thing we go through when I work with real estate brokerages — whether it’s in helping them to streamline their technology or to prepare for sale — is their financials. When times are good, most owners will say that they don’t have the time because there’s so much new business coming in the door.

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Opinion: How did homeowners get into home equity prison?

Housing Wire

Other categories of price increases are harder to recognize in our daily activities, but inflation is high. Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic. Then, the housing market takes off like a rocket with home values exceeding all expectations. Where would they go?

Equity 420