Mon.Sep 25, 2023

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MV Realty files for bankruptcy

Housing Wire

Right-to-list agreement firm MV Realty has filed for Chapter 11 bankruptcy in 33 states. The story was first reported by CBS News. MV Realty currently faces lawsuits in multiple states for allegedly misleading consumers and homeowners. In addition, the Florida-based firm has been essentially banned from operating in 14 states through legislation. MV Realty operated in 33 states and has more than 500 real estate agents.

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What happens to real estate when the government shuts down?

Real Estate News

Housing market impacts could include mortgage delays, declining consumer confidence and — perhaps — a small dip in mortgage rates.

Mortgages 303
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Equifax to cut underwriting time with IRIS Software Group 

Housing Wire

Equifax ‘s new product integration with the United Kingdom’s IRIS Software Group aims to cut down underwriting time for mortgage borrowers at small- and medium-sized businesses (SMBs). Equifax’s digital income and employment verification tool – The Work Number – is available to one million additional employees of U.S. SMBs who use IRIS Payroll Relief software, Equifax said in a news release.

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Amazon committing $40 million to support homeownership

Real Estate News

The tech giant announced its latest effort to promote housing, focused specifically on homebuyers.

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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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Better conducts layoffs just weeks after going public

Housing Wire

Just weeks after New York-based digital lender Better Home & Finance Holding went public , Better issued pink slips to employees in early September in a new round of layoffs, Insider reported. Better laid off about a quarter of its U.S. mortgage sales and origination team, according to the news outlet, citing two former employees who were affected by the latest downsizing.

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Beginning with Pre-Approval

Keeping Current Matters

If you’re looking to buy a home this fall, there are a few things you need to know.

More Trending

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How luxury agents can tap into the rise of multigenerational living

Inman

Across the real estate sector, multigenerational living has emerged as a beneficial solution for many families. As the older generation ages, they’re cared for by loved ones. Younger generations are supported by their parents in sharing the costs and responsibilities of homeownership, and grandparents are available to help raise grandchildren.

Agents 206
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LGBTQ+ Real Estate Alliance announces top real estate agents and team

Housing Wire

The LGBTQ+ Real Estate Alliance unveiled its third annual LGBTQ+ Real Estate Top Producers list and recognized 388 individual agents and teams for their 2022 production. This was up from last year’s 251, an increase of 51% more honorees. The ranking, which was created in partnership with RealTrends and supported by Sotheby’s International Realty , is the industry’s only list recognizing top-producing LGBTQ+ and ally members.

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Housing inventory is low, but there’s a catch

Inman

The 2023 real estate market has been a bit of a conundrum for agents and brokerages. Mortgage rates are high, listing prices are elevated, and housing inventory is limited. Construction of new homes is largely stalled or at least not meeting the high demand, and many homeowners who locked in record-low interest rates during the pandemic simply aren’t willing to leave their homes and sell.

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NAHREP launches National Hispanic Construction Alliance

Housing Wire

The National Association of Hispanic Real Estate Professionals is launching a new trade organization to support Latino construction businesses and workers in building capacity, access to capital and creating business opportunities for its members. The National Hispanic Construction Alliance (NHCA) will be led by veteran construction industry executive George Carrillo as CEO.

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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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Compass’ luxe magazine ‘Curated’ now available in 25 private airports

Inman

The luxury magazine with a distribution of about 35,000 will now be accessible to ultra-high-net-worth clients flying through select private airports in the U.S., the brokerage told Inman exclusively.

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Curinos partners with Polly on lenders’ workflow optimization

Housing Wire

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. By integrating Curinos’ market pricing data into Polly’s cloud-native Product and Pricing Engine (PPE), the partnership will enable mortgage lenders to optimize workflows and positively impact margin management, Curinos said in a news release. “Our partnership will enable clients to seamlessly analyze their market position and

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Mi casa es su casa

Inman

In honor of National Hispanic Heritage Month, we sat down with Nora Aguirre, affiliated agent of CENTURY 21 Americana, to hear about her empathetic approach to success in Las Vegas real estate.

Agents 187
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People on the Move: NAHREP names CEO at new builder org; Real hires finance VP

Real Estate News

George Carrillo will take on the top role at the newly launched National Hispanic Construction Alliance; Ravi Jani joins Real as VP of investor relations.

Finance 147
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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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How to keep social media from becoming all-consuming

Inman

Feel like you have to be everywhere all the time? Studies show too much social media is bad for you. Here’s how indie broker Pam Blair keeps a healthy relationship with her feed.

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Exploring Roles and Responsibilities of Real Estate Agents for Renters

RIS Media

In the world of rental real estate, the roles of various professionals are often delineated based on their specialization. When it comes to the realm of rentals, rental agents and rental REALTORS® play a pivotal role in facilitating the process of finding the perfect rental property. We will provide a comprehensive overview of their responsibilities,… The post Exploring Roles and Responsibilities of Real Estate Agents for Renters appeared first on RISMedia.

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Serious mortgage delinquencies poised to bounce from 17-year low

Inman

Early-stage delinquencies have increased for three months in a row, suggesting that delinquency rates may be nearing a bottom, according to first look at Black Knight Mortgage Monitor report.

Mortgages 179
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Why Built-for-Rent Is a Growing Market Segment

RIS Media

There is good news to be celebrated in the new-home sector. All measures, from new-home sales to housing starts to building permits and housing completions, are up year-over-year. Given the dearth of housing inventory in the existing-home sales sector, this is cause for celebration. Current homeowners are unlikely to ditch their golden handcuffs of low-interest-rate… The post Why Built-for-Rent Is a Growing Market Segment 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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AI-powered Realm-X headlines AppFolio’s software updates

Inman

AppFolio's Realm-X uses AI to assist users with a number of critical business tasks, including those primary to any property manager’s to-do list, blanketing steps in leasing, maintenance and accounting.

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Team Tactics: Using Your Team’s Instagram for Local Engagement

RIS Media

Instagram is a particularly powerful social media platform for real estate agents to connect with their audience in a visually engaging way. As one of the most popular platforms amongst the bunch, with nearly 144 million active users in the United States, Instagram can help real estate professionals establish a strong local presence and attract… The post Team Tactics: Using Your Team’s Instagram for Local Engagement appeared first on RISMedia.

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Happy Grasshopper launches new consulting program for agents

Inman

The year-long program includes one-on-one consultations with team members to assess campaign tactics, review metrics and generate ideas to increase response rates and lead generation results.

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Don’t Lose Deals to These Preventable Issues

RIS Media

It’s the fourth quarter. You are in the red zone when someone fumbles the football. All that work for someone to drop the ball. In real estate, this is similar to losing the sale last minute and unfortunately, it happens all too often. So maybe selling a house isn’t the same as winning a football… The post Don’t Lose Deals to These Preventable Issues 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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The Inman Connect Virtual event is back in 6 weeks

Inman

During this two-day virtual real estate event, agents, brokers, tech and marketing professionals, and industry visionaries bring insights, tools and how-tos to build your business next year. Join us from the comfort of your desk or bring in the team for a training event.

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Natural Beauty Meets Luxury Living: Inside the World of Maine’s Top Real Estate Team

RIS Media

Above: Teddy Piper (left) and David Banks (right) When you think of the northernmost state of Maine, you probably imagine incredible views, delicious seafood and a serene atmosphere. For the No. 1 real estate team in the state, their first thought is providing a superior experience and exceeding expectations for their buyers and sellers. David… The post Natural Beauty Meets Luxury Living: Inside the World of Maine’s Top Real Estate Team appeared first on RISMedia.

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Why does collaboration matter to real estate right now?

Inman

When we talk about real estate, we talk about people; when we talk about the people in real estate, we talk about collaboration.

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How You Frame Your Challenges Defines Your Ability to Meet Them

RIS Media

I like art, but I’m the first one to tell you that I’m not very good at it. I don’t know all the famous painters, or the differences in brush-stroke styles, but I have learned recently that the frame they put the artwork into matters just as much as the artwork itself. Different frames will… The post How You Frame Your Challenges Defines Your Ability to Meet Them 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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Embattled MV Realty files for bankruptcy amid flood of lawsuits

Inman

The company is currently facing lawsuits from more than a half-dozen states over its allegedly deceptive business practices.

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New York Median Home Sale Price and Transactions Tick Up in August

RIS Media

The regional closed median sale price in New York was $635,000 in August, a 0.8% increase as compared to the $630,000 in July, and closed regional sales transactions increased from 4,383 to 5,243 in August, a month-over-month increase of 19.6%, according to a new report from OneKey MLS. OneKey MLS’s monthly report on home sales… The post New York Median Home Sale Price and Transactions Tick Up in August appeared first on RISMedia.

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Manhattan’s ‘Devil Wears Prada’ townhouse sells for $26.5M

Inman

The seven-bedroom, six-story townhouse on Manhattan's Upper East Side spans 12,000 square feet and was listed for $27.5 million in May.

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Power Broker Insights: Growing and Educating Your Team

RIS Media

When Creig Northrop first graduated from the University of Maryland in 1989, he owned a video store and met a lot of people, and quickly realized he had a knack for sales, and that selling $250,000 houses would generate a lot more income than selling the latest movies for $2.50 a pop. His mother had… The post Power Broker Insights: Growing and Educating Your Team 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.