Calculated Risk Real Estate

NOVEMBER 17, 2023

Housing Starts Increased to 1.372 million Annual Rate in October From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,372,000. This is 1.9 percent above the revised September estimate of 1,346,000, but is 4.2 percent below the October 2022 rate of 1,432,000.

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Construction 73

Housing Wire

NOVEMBER 17, 2023

U.S. pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% compared to October 2022, it’s still the smallest annual decline in nearly two years, according to a report from Redfin. Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

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Purchase and sale agreement Sales Closing costs Closing 421

Real Estate News

NOVEMBER 17, 2023

In response to Homes.com’s huge traffic growth, Damian Eales said “poor-quality audience and stunts lead to low-quality leads.

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Housing Wire

NOVEMBER 17, 2023

CBC Mortgage Agency — a federally chartered housing finance agency — is reducing interest rates on repayable second mortgages used for its down payment assistance (DPA) program. This marks the first time for CBC Mortgage Agency is reducing interest rates on its second mortgages used for its DPA program on Federal Housing Administration (FHA) loans amid mounting affordability pressure for underserved and first-time homebuyers. “The rate reduction aligns with the company’s mission to s

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Mortgages FHA loan Finance Loans 421

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Agents

Real Estate News

NOVEMBER 17, 2023

Conference sessions provided moments of laughter as well as insights into the future of the association — and the country — in challenging times.

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Housing Wire

NOVEMBER 17, 2023

Nearly four months after filing a motion for summary judgment in the Nosalek commission lawsuit , HomeServices of America finally has a response back from the plaintiffs. As expected, the plaintiffs are in opposition to HomeServices’ motion, stating that HomeServices’ claim that the “Plaintiffs have no evidence of conspiracy as to any HSD to create, implement, or enforce the [Buyer-Broker Commission] Rule” is untrue.

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MLS Agents As-is Industrial 421

Housing Wire

NOVEMBER 17, 2023

The transition of three veteran sales executives from South Carolina-based lender Movement Mortgage to its California competitor Summit Funding led to a legal battle over poaching. HousingWire reported in July hat Movement’s national sales director Deran Pennington, leader of the South and Central division Matt Schoolfield and leader of the Eastern U.S. division Chris Shelton parted ways after more than a decade working at the company to join Summit.

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Loan Officer Sales Loans Mortgages 418

Inman

NOVEMBER 17, 2023

The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don't anticipate major disruptions.

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Industrial Brokerage Technology Agents 187

Housing Wire

NOVEMBER 17, 2023

New York-based Rithm Capital, the parent company of Newrez , announced on Friday it completed the acquisition of Sculptor Capital Management for $719.8 million. The deal was made public four months ago and created a dispute among investors to take the firm, leading Rithm to increase its price by 14% compared to the original bid. The transaction also created legal battles with Sculptor’s shareholders and founders, including Daniel S.

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Inman

NOVEMBER 17, 2023

Despite our best efforts to buffer ourselves from distractions, we will be forced to negotiate thousands of them each day. Broker-owner Pam Blair offers tips to hone your focus and find your center.

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Development Agents 180

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Loans

Sotheby's International Real Estate

NOVEMBER 17, 2023

Los Angeles, California | Sotheby’s International Realty – Los Feliz Brokerage A recent renovation has preserved the grand estate’s historic, Old Hollywood character. ‘Frankenstein’ Director James Whale’s 1930s Los Angeles Home Selling for $7.245M – Mansion Global This Portland Home Is One of Just Two Residences in Oregon Designed by Richard Neutra – Robb Report Curving California Compound Asks for $4.595M – The Spaces Diane Sawyer’s Estate On Martha’s Vineyard Sells For

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Renovation Brokerage Design Marketing 124

Inman

NOVEMBER 17, 2023

The National Association of Realtors and Keller Williams have hired former U.S. solicitors general to help them beat back the multibillion-dollar verdict.

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MLS Brokerage 184

RIS Media

NOVEMBER 17, 2023

Bright MLS, which covers the Mid-Atlantic region (southern New Jersey to northern Virginia), has released its October 2023 Housing Report – tracking the state of the market in its coverage area. The report shows markets have climbed to about 2022 levels. Dr. Lisa Sturtevant, Bright MLS Chief Economist, noted as such with cautious optimism: “The… The post Mid-Atlantic Real Estate Markets Reaching Back to 2022 Levels appeared first on RISMedia.

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Inman

NOVEMBER 17, 2023

Since its appraised value is over $1 million, the iconic Italian beef stand would incur significantly higher transfer taxes in a sale if Mayor Brandon Johnson's proposed "mansion tax" passes next year.

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Sales Marketing 170

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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.

Sales

GeekEstate

NOVEMBER 17, 2023

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Fortress Proptech] Fortress Proptech is a property management software solution designed to enhance operational efficiency through automation and data integration. The core of their service is Fortress OS, a property management operating system enabling property managers and owners to streamline operations by optimizing workflows and simplifying tasks, including tracking income,

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Property Management Commercial Design 121

Inman

NOVEMBER 17, 2023

With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Nov. 10-16, 2023.

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Agents 180

RIS Media

NOVEMBER 17, 2023

Following September’s miraculous 7% gain in housing starts, the rise continued in October, according to a new report from the National Association of Home Builders (NAHB) using data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The lack of existing inventory continues to push buyers toward the new construction… The post Housing Starts Continue Gains in October After Huge September Jump appeared first on RISMedia.

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New Construction Construction Development Industrial 120

Inman

NOVEMBER 17, 2023

Housing starts rose 1.9 percent from September to reach a seasonally adjusted annual rate of 1,372,000.

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Marketing 201

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.

Agents

Bigger Pockets

NOVEMBER 17, 2023

Real estate investing is a pathway for building wealth, distinct from other asset classes due to its tangible nature. This form of investment usually appreciates over time, providing long-term value growth. Real estate also offers the potential for rental income, transforming properties into sources of continuous revenue.

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Finance 120

RIS Media

NOVEMBER 17, 2023

In August, mortgage rates surpassed 7%, hitting a more than two-decade high. At the beginning of 2023, most housing-market watchers expected rates to drop steadily throughout the year, perhaps even falling back down to 6% by year’s end. But rates are remaining persistently high in the face of economic uncertainty. And consumers are starting to… The post How High Mortgage Rates Are Impacting the Housing Market—and Consumers’ Moods appeared first on RISMedia.

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Mortgages Marketing MLS Industrial 120

Eye on Housing

NOVEMBER 17, 2023

Single-family construction held steady in October as high mortgage rates depressed demand but more buyers turned to new homes because of a lack of existing inventory. Overall housing starts increased 1.9% in October to a seasonally adjusted annual rate of 1.37 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S.

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RIS Media

NOVEMBER 17, 2023

Property Highlights: Location: Miami, Florida Listing Price: $12 – $22 million Features: Luxury condominium penthouse with four bedrooms, five-and-a-half bathrooms. Added Appeal: Luxury amenities including access to private restaurant and speakeasy, spa with ice plunge and sauna, golf simulator, pickleball court, dog park and more. With many of the world’s elite adding a Miami residence… The post Legacy Miami Penthouse Reaches New Heights appeared first on RISMedia.

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Industrial 117

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.

Agents

Bigger Pockets

NOVEMBER 17, 2023

When the Covid-19 lockdowns began in March 2020, the real estate industry was set on a new course. Now, months after the official end of the pandemic, we've taken stock of how everything's changed.

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Industrial 113

RIS Media

NOVEMBER 17, 2023

As mortgage rates continue to put pressure on the housing market, homebuilder confidence saw another dip in November, according to new data from the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Housing Market Index (HMI) found that builder confidence fell six points to 34 in November, following a four-point drop in October when… The post Builder Confidence Falls Again, but Experts Are Optimistic appeared first on RISMedia.

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Mortgages Marketing Construction Industrial 117

Bigger Pockets

NOVEMBER 17, 2023

Social security's future and an aging population are contributing to an ever-present risk of financial instability. How should you structure your retirement, then?

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RIS Media

NOVEMBER 17, 2023

RE/MAX reported a substantial increase in U.S. franchise sales for Q3 2023. The 45 closed sales between July 1 and Sept. 30 represented a 21.6% increase from Q2’s 37 sales. The company also recorded 166 franchise sales outside the U.S., including nine in Canada. The company stated that the increase in sales is a testament… The post RE/MAX U.S.

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Sales Closing Industrial 113

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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.

Agents

Bigger Pockets

NOVEMBER 17, 2023

The BRRRR method, an acronym for "buy, rehab, rent, refinance, repeat," is a strategy for investors to purchase distressed properties at low costs, renovate, rent them out, refinance, and reinvest the proceeds. It's a sustainable approach for generating passive income and ideal for those knowledgeable (or willing to learn) about the rental and rehab market.

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Renovation Investor Marketing 110

RIS Media

NOVEMBER 17, 2023

Planning and zoning are two of the pillars that serve as the basis for all communities. It’s vital for real estate professionals to understand the basic components and processes of the planning and zoning phases of real estate transactions. That’s why, on September 19, the Center for REALTOR® Development (CRD)—a wholly-owned subsidiary of the National… The post Advocating for Your Community’s Future appeared first on RISMedia.

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Development Industrial Agents 113

HomeLight

NOVEMBER 17, 2023

In Harrisburg, We Buy Houses companies offer a unique solution for homeowners in need of a quick sale. These companies specialize in making all-cash offers for homes, particularly those that may need a bit of work. If you’re facing a situation where time, expertise, or funds for repairs are limited, a cash sale could be your ticket to swiftly moving on with your life.

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RIS Media

NOVEMBER 17, 2023

At this year’s NAR NXT, The REALTOR® Experience, experts gathered to discuss the intersection of real estate and the latest technological advancements. The event featured two standout sessions that highlighted the evolving role of technology and artificial intelligence (AI) on the real estate landscape. On Wednesday, the Emerging Business and Technology Forum featured four companies… The post NAR NXT Hosts Expert Panels on Effects of AI appeared first on RISMedia.

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Technology Marketing 109

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.

Sales