Fri.Jun 16, 2023

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Despite obstacles, homeownership rate climbs for below-median income households

Housing Wire

Below-median family income households are overcoming constraints related to increased borrowing costs and home prices and are finding ways to become homeowners, according to Freddie Mac ’s latest economic, housing and mortgage outlook. The below-median family income homeownership rate increased to 53% from 48% since 2016, Freddie Mac said, citing data from the Census Bureau ’s Housing Vacancy survey.

Mortgages 390
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'What-if' scenarios in the commissions lawsuits, and how to prepare for them

Real Estate News

As several buyer agent compensation cases work their way through the court system, it’s time for brokers and agents to come up with a plan.

Agents 285
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MBA defends servicers on heels of HUD OIG loss mitigation report

Housing Wire

The Mortgage Bankers Association (MBA) is highlighting the challenges and successes that the COVID-19 pandemic created for mortgage servicers in response to a series of reports published this week by the U.S. Department of Housing and Urban Development (HUD)’s Office of the Inspector General (OIG). “[The] report from the OIG confirms what we all know – the COVID-19 pandemic presented unprecedented challenges to homeowners, servicers, and the federal agencies like HUD that administer loan guarant

Loans 364
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People On the Move at ERA, BHGRE, Coldwell Banker, Poplar Homes

Real Estate News

Change is afoot at Anywhere brands, where 2 new presidents are filling the role vacated by Sherry Chris and regional leadership has shifted at Coldwell Banker.

Branding 249
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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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Ex-employee sues CrossCountry, branch manager for sexual harassment, retaliation

Housing Wire

A former CrossCountry Mortgage employee accused her immediate superior at a branch in Georgia of sexual harassment and said the mortgage company retaliated against her after she lodged complaints with the human resources department and federal authorities. Christina Nielsen, a former processor, claims that during her employment at CrossCountry, Alpharetta branch manager Steven Bocca subjected her to sexual comments, touched her without consent and made inappropriate solicitations.

HR 362
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Coldwell Banker’s Kate Rossi to lead new Anywhere agent program

Inman

Anywhere's Agent Engagement team will help Anywhere affiliated broker-owners and agents supercharge their businesses with personalized coaching and mentorship, the company said.

Agents 157

More Trending

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Keller Williams and agent hit with class action telemarketing suit

Inman

Las Vegas resident Wayan Garvey filed a complaint calling out Keller Williams' allegedly "relentless marketing practices" and accusing the franchisor and agent Britney Gaitan of violating federal law.

Agents 156
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Career insights from an HW Insiders Honoree

Housing Wire

The HousingWire award spotlight series highlights the individuals who have been previously recognized by the HW Editors’ Choice Awards. N ominations for HousingWire’s Insiders award are open now through Friday, June 23, 2023. Click here to nominate an industry insider — a client, colleague, boss or friend — it can even be you! For the last eight years, the HW Insiders award program has provided the housing industry with the opportunity to recognize the professionals who are making a major impact

Agents 355
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Limitless referrals can be yours in any market

Inman

Your pipeline in 180 days is a reflection of the work you are doing today. Based on the work you are doing now, what do you expect your pipeline to look like in six months?

Marketing 145
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Luxury Real Estate Headlines, Third Week in June 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Acireale, Italy | Italy Sotheby’s International Realty Piazza Agostino Pennisi Acireale lies on the coast of Sicily and bears the name of its original owner, Baron Agostino Pennisi di Floristella, who commissioned the castle in 1800. The Best in Real Estate, From a Sprawling Gothic Castle to Jim Carrey’s Former Estate – Robb Report Late Fashion Icon André Leon Talley’s Longtime White Plain

Sales 137
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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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Veros says its AVM isn’t tripped up by historical redlining boundaries

Inman

Study finds that homes located within historically redlined neighborhoods tend to have less living space, smaller lot sizes and more variations in quality.

Loans 151
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Things to Know About Encroachment in Real Estate

RIS Media

While neighbor disputes are relatively common, sometimes they can get more complicated than an argument over noise or pets. If one of your neighbors is ignoring an encroachment on your property, it can be difficult to resolve, but it’s something you shouldn’t leave until later. We will examine an encroachment and what you should do… The post Things to Know About Encroachment in Real Estate appeared first on RISMedia.

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StreetEasy assembles advisory board for broker feedback

Inman

The board is composed of 19 brokers from various firms across New York City who will meet in person once a quarter to discuss resources, products and other topics, according to StreetEasy.

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3rd Look at Local Housing Markets in May

Calculated Risk Real Estate

This is the third look at local markets in May. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released. Closed sales in May were mostly for contracts signed in March and April. Since 30-year fixed mortgage rates were in the 6% to 6.5% range in March and April - compared to the 4% to 5% range the previous year - closed sales were down signifi

Marketing 108
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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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Does low inventory make the market crash-proof?

Inman

On The Download this week, we're asking: Is low inventory having a protective effect on the housing market? How long can it last?

Marketing 143
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Asphalt vs. Concrete: Details on the Great Driveway Debate

HomeLight

What material to use for the driveway is a quandary many homeowners eventually face. On the one hand, the driveway must get your car from the street to your garage every day, making durability the utmost priority. On the other hand, the driveway takes up a large amount of visual space, so you’ll want a style that contributes — or at least doesn’t detract from — your home’s curb appeal.

Design 107
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First Look: The Future of Stand-Out Listings is Here

Inman

Listing Showcase from ShowingTime+ is an exclusive and elevated listing experience that gives sellers a premium online listing and highlights an agent’s brand on Zillow.

Branding 124
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Offerpad Implements Reverse Stock Split to Stave Off NYSE Delisting

RIS Media

The housing market and economy haven’t done many companies any favors as of late, but they seem to have been especially hard on players in the iBuying sector. That appears to be the case for Offerpad, as the company aims to rally investors with a new reverse stock split on its Class A and Class… The post Offerpad Implements Reverse Stock Split to Stave Off NYSE Delisting appeared first on RISMedia.

Investor 106
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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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15 (plus a bonus) Dad Jokes real estate agents will love

Inman

Just in time for Father's Day, Devon Broderick brings back the Dad Joke in a big way with this real estate-related compilation.

Agents 139
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Daily Links: New 25-Story Tower Planned for Downtown Brooklyn

Brownstoner

In the News Police Chief’s Exit Is Latest in Exodus From Adams Administration [NYT] The Fierce, Flourishing World of Battle Rap [NYT] New Tech to Ticket Overweight Trucks on BQE Finally Approved [Eagle] Man Robbed, Stabbed on Joralemon Street [Eagle] City Says IBX Would Boost Business in ENY. Who Will Benefit? [BK Reader] Lawyers in ‘Burg… Read More > The post Daily Links: New 25-Story Tower Planned for Downtown Brooklyn appeared first on Brownstoner.

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How to Create an Effective Real Estate Social Media Campaign

Realty Biz

Creating an effective social media campaign for real estate requires a precise understanding of the industry, meticulous planning, and an understanding of modern digital marketing techniques. In this comprehensive guide, we will outline a systematic approach to design a potent social media campaign that not only attracts attention but also drives tangible results for your real estate business.

Branding 105
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Why David Romero Found a New Home at Realty ONE Group

RIS Media

After a decades-long career running Southern California’s CENTURY 21 Award, David Romero has spent the past year fielding some big changes. After joining forces with brokerage powerhouse CENTURY 21 Affiliated roughly one year ago, Romero recently made another big switch, leaving the CENTURY 21 brand altogether to come on board as executive vice president of… The post Why David Romero Found a New Home at Realty ONE Group appeared first on RISMedia.

Branding 103
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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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Publisher’s Petite Italianate Near Newburgh’s Historic Downing Park, Yours for $399K

Brownstoner

Tucked behind a picket fence, this tidy brick Italianate in Newburgh offers some picturesque charm and a renovated interior. While updated, the house on the market at 14 Elm Street in the architecturally rich city still has some elements that might be familiar to the generations of one family that… Read More > The post Publisher’s Petite Italianate Near Newburgh’s Historic Downing Park, Yours for $399K appeared first on Brownstoner.

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Consumer Sentiment Grows in June

RIS Media

Consumer sentiment grew to 8% in June, the highest level in four months, according to data from the University of Michigan. The report found that sentiment is now 28% above the historic low from a year ago, but continues to remain historically lower. The outlook over the economy grew 28% over the short run and… The post Consumer Sentiment Grows in June appeared first on RISMedia.

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A Prospect Heights Brownstone With Central Air and Three Others to See, Starting at $699K

Brownstoner

Our picks for open houses to check out this weekend are found in Prospect Heights, Park Slope, Bed Stuy, and Madison. They range in price from $699,000 to $4.995 million. 181 Prospect Place Price: $4.995 million Area: Prospect Heights Broker: Leslie J. Garfield (Ravi Kantha, Jed Garfield, Richard Pretsfelder, Sophie Smadbeck) Sunday June 18, 1-2… Read More > The post A Prospect Heights Brownstone With Central Air and Three Others to See, Starting at $699K appeared first on Brownstoner.

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Mortgage Mix: Major Announcement From Fed Points to Better Times

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. The Federal Reserve made the critical announcement that they are pausing interest rate hikes at their meeting Wednesday afternoon. “We have been seeing the effects of our policy tightening on demand in the most interest… The post Mortgage Mix: Major Announcement From Fed Points to Better Times appeared first on RISMedia.

Mortgages 102
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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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Methow conservation group buys 1,200 acres above Winthrop

Seattle Times Real Estate

Methow Conservancy bought the unprotected tract of land in the Methow Valley for $6.2 million, intending to use it for recreation, affordable housing and more.

Land 98
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The Power Broker Interview: Christina Pappas on Marking One of the Keyes Company’s Most Successful Years, Despite Market Shifts

RIS Media

Editor’s Note: RISMedia recently released its 2023 Top 1,000 Power Brokers, exclusively for RISMedia Premier Members. In this special interview series, we talk to some of our top-ranking brokers to garner their insights and strategies for sustaining their firms’ success. For more information, click here. Despite the housing-industry split-screen of 2022, starting out with low-interest… The post The Power Broker Interview: Christina Pappas on Marking One of the Keyes Company’s Most S

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Rainbow Flags Wave as Brooklynites Celebrate Pride Month

Brownstoner

Out with the smoke, in with the rainbows! After Canadian fire smoke blanketed the five boroughs earlier in the week, Brooklynites of all ages stepped outside and swarmed 5th Avenue on June 10 for the annual Brooklyn Pride festival and twilight march. There was a noticeably larger crowd along 5th Avenue… Read More > The post Rainbow Flags Wave as Brooklynites Celebrate Pride Month appeared first on Brownstoner.

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Second Century Ventures Announces REACH Latin America Cohort

RIS Media

Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, has announced the selection of eight companies to its inaugural REACH Latin America (LATAM) cohort. “This is a groundbreaking moment for Second Century Ventures as we extend our REACH program into Latin America,” said NAR CEO and SCV President Bob Goldberg.

As-is 98
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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.