Tue.Jan 02, 2024

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How Andrew Flachner is harnessing technology and the human touch

Inman

In the latest profile in his Snapshot series, Brandon Doyle talks to RealScout co-founder Andrew Flachner about how tech can transform the way agents and clients interact.

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‘Silver tsunami’ could have a bigger impact on 2024’s housing market: analyst

Housing Wire

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he other major demographic trend you see is the aging of America,” Whitney said.

Marketing 515
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What higher sales numbers could mean for the year ahead

Real Estate News

MoxiWorks predicts home sales will increase 8% year-over-year in January, which could bolster economist predictions of a rebound in 2024.

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UWM’s Sarah DeCiantis on 4 social media trends to watch in 2024

Housing Wire

Some people still think of social media platforms as places where your grandma’s dance moves go viral and your dog has more followers than you. While that may be accurate, as digital platforms continue to evolve at an exceptional rate, it has become nearly impossible for businesses to thrive without a social presence. In 2023, we saw a lot of changes and movement among some of the most influential players in social media.

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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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Trends 2024: Howard Hanna keeps its eye on the prize

Real Estate News

The family-run company may not project the flashy style of some other firms, but it offers substance, with a successful growth strategy and continued momentum.

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US single-family rent growth eased in October

Housing Wire

U.S. single-family rent growth softened year-over-year in October, but remained above pre-pandemic levels. Rental prices were up by 2.5% annually in October, cooling from 2.6% annual growth in September. It was the largest drop between September and October in more than a decade. Rent growth was also the lowest since the summer of 2020. That’s according to CoreLogic ’s Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas.

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Opinion: Why we should implement a mortgage marketplace model

Housing Wire

When will the mortgage industry know it has reached the tipping point where innovation is no longer a competitive advantage but an existential need? Maybe when it consistently fails to attract viable, aspirational customers (in part because it is cycling through last year’s leads and legacy customers instead of innovating new pathways to reach underserved , high-propensity homebuyer communities).

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Compass CEO received $7 million bonus in 2023

Real Estate News

Robert Reffkin got a hefty cash bonus and a raise for 2024, but he had to give up a stock plan worth upwards of $25 million.

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RealFi lays off employees without paying salaries, severance: sources 

Housing Wire

New York-based nonbank mortgage lender RealFi (formally known as Residential Home Funding Corp. ) laid off employees in December and did not issue their last paychecks or provide a severance package, former workers told HousingWire. The company’s executives held a conference call with employees on Dec. 15, notifying them about the job cuts because of a “lack of work” and “warehouse lines of credit,” a former underwriter told HousingWire anonymously for fear of retaliation. 

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What the biggest names in real estate really thought of 2023

Inman

Fourteen of the real estate industry's biggest leaders shared their thoughts on rising mortgage rates, slowing sales, antitrust suits, National Association of Realtors drama, and several other headline-making stories along with their hopes for the new year.

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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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4 Best real estate schools in Maryland (MD) for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. From Bethesda and Towson to Havre de Grace and Silver Spring, it’s now easier than ever to complete the required 60 hours of real estate prelicensing classes from the comfort of your own home in Maryland. Let our expert guide help you pinpoint the best Maryland real estate school and program to fit your goals, budget, and learning style.

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Robert Reffkin relinquishes stock unit awards for $7M cash bonus

Inman

An SEC filing showed the Compass CEO is letting go of $25 million in performance-based restricted stock unit awards in exchange for something a bit more tangible. His salary is also going up to $900,000.

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Maryland home seller files commission lawsuit in Missouri

Housing Wire

For many real estate professionals, 2023 was the year of the commission lawsuit , and the year could not end without one last copycat suit. Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry of allegedly colluding to artificially inflate real estate agent commissions.

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America’s top loan officer foresees return to bidding wars, price gains

Inman

As Shant Banosian gears up to speak at Inman Connect New York in January, he sat down with Inman to discuss the landscape for mortgage lenders heading into 2024.

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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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The 3 biggest reverse mortgage news stories of 2023

Housing Wire

2023 is in the rearview mirror — a year of tumult, reduced volume and a wave of industry exits and consolidations. While most have their eyes on the horizon, HousingWire’s dedicated reverse-centric publication, Reverse Mortgage Daily (RMD), will look back one more time at a year of challenge. Here, RMD takes stock of three of the biggest reverse mortgage industry stories of the year and how they helped change the face of the business as we head further into 2024.

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Real estate investing in 2023: The roller coaster continues

Inman

Rent began to reverse, office vacancy remained near record highs, banks failed and lending got tricky in 2023. Where are we headed next?

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6 best Pennsylvania real estate schools for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Ready to get your real estate license in Pennsylvania? You’ll want to enroll in one of the best Pennsylvania real estate schools to gain the skills and knowledge you’ll need to ace the state exam and succeed in your new career.

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Pandemic relocation boom wanes as remote work, cheap houses fade

Inman

The share of U.S. homebuyers looking to move to a different city declined for the third straight month in November, according to a new report from Redfin.

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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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Is an Escalation Clause a Good Idea When Buying a House?

RIS Media

Have you been trying to buy a home for months without any luck? Do you find yourself constantly losing out to other buyers? Have you made several offers on houses? Over the last several years, potential buyers have faced an extremely challenging environment. Few houses and high demand lead to a significant percentage of bidding… The post Is an Escalation Clause a Good Idea When Buying a House?

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How 50 years of equal credit spurred women’s homeownership

Inman

New Inman contributor Bobbie Wasserman writes that in the 50 years since passage of the Equal Credit Opportunity Act, a combination of the Sheconomy and the Great Wealth Transfer is transforming women into an intergenerational economic powerhouse.

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Affordable Housing Lottery Opens for Fort Greene Apartments Starting at $910 a Month

Brownstoner

An affordable housing lottery has launched for 87 apartments in a new development on Fort Greene’s South Portland Avenue. The site formerly belonged to an orphanage and is now among a row of church-owned properties. The 13-story Hanson Place Community Plaza development at 142 South Portland Avenue has 104 units total.… Read More > The post Affordable Housing Lottery Opens for Fort Greene Apartments Starting at $910 a Month appeared first on Brownstoner.

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Top 10 Topics Homebuyers and Sellers Are Focused on in 2024

RIS Media

Better Homes and Gardens Real Estate has published a list of 10 topics that homebuyers and sellers must consider in 2024. The list is as follows: Understand that owning a home helps your overall financial picture. “Homeownership is the fastest and most reliable way to stabilize your housing expense and build wealth at the same… The post Top 10 Topics Homebuyers and Sellers Are Focused on in 2024 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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Historic Green-Wood Cemetery Seeks Its Next Artist-in-Residence

Brownstoner

By Adam Daly Green-Wood Cemetery, Brooklyn’s largest burial ground, is officially on the hunt for its newest in-house artist, with applications for the 2024-2025 Artist-in-Residence Program open through January 31, 2024. Once the deadline has passed, the cemetery’s education and public programs department will select one visual or performance artist who,… Read More > The post Historic Green-Wood Cemetery Seeks Its Next Artist-in-Residence appeared first on Brownstoner.

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An Open Letter to Judge Stephen Bough and the U.S. Judicial System

RIS Media

I am a real estate agent with over a decade of experience working in Southern California. Many lawsuits have recently been ruled on or filed regarding the state of real estate agent commissions. Although I cannot speak as a legal professional, I can speak as the elected President of the largest Asian American, Native Hawaiian,… The post An Open Letter to Judge Stephen Bough and the U.S.

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The Impact of Inflation on Real Estate

Bigger Pockets

Inflation broadly impacts the overall economy, causing the prices of goods and services to rise. This can have rippling effects across various sectors, including the real estate market.

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Zillow Claims MLSs Abused ‘Monopoly’ Power in Vendor-Focused Lawsuit

RIS Media

Real estate behemoth Zillow is suing three regional MLSs over an alleged effort to steer their members away from using the company’s ShowingTime software and toward a competing product owned by the MLSs, which the company claims violated federal antitrust statutes. Filed at the end of December in the U.S. Federal District Court for Arizona,… The post Zillow Claims MLSs Abused ‘Monopoly’ Power in Vendor-Focused Lawsuit 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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Brooklyn Real Estate Listings Six Months Later: One Sold, Two in Contract, One Off the Market

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Downtown Brooklyn, East Flatbush, Kensington, and Gowanus. How did they fare? A postwar studio in Downtown Brooklyn has some modern 1950s flair with its white walls, parquet floors, and well-kept vintage kitchen… Read More > The post Brooklyn Real Estate Listings Six Months Later: One Sold, Two in Contract, One Off the Market appeared first on Brownstoner.

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The January Issue of Real Estate Magazine Is Now Live

RIS Media

The January issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at how Realty Alliance has grown their resource network to provide all 50 companies it’s comprised of with the best tools for success. In addition, we look at Colibri’s approach to… The post The January Issue of Real Estate Magazine Is Now Live appeared first on RISMedia.

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Zillow and Redfin Top Economists Give Their 2024 Housing Market Predictions

Bigger Pockets

With doomsday headlines and lagging consumer confidence, how should you proceed in 2024? Time to get the advice of TWO senior economists!

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Erin Cestero to Lead Panel on Generating Inventory at RISMedia’s 2024 Rocking in the New Year

RIS Media

RISMedia is excited to announce that Erin Cestero will be heading up an industry-leading panel of real estate experts at the 2024 Real Estate’s Rocking in the New Year, the company’s fourth-annual all-virtual conference to be broadcast live on Jan. 11, 2024. Click here to register! Cestero’s panel, How to Generate Inventory When There Is… The post Erin Cestero to Lead Panel on Generating Inventory at RISMedia’s 2024 Rocking in the New Year appeared first on RISMedia.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.