Thu.Feb 29, 2024

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Mortgage rates flirt with 7% mark again

Housing Wire

Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 6.26% this week, down from 6.29% during the prior week.

Mortgages 473
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Why We Aren't Headed for a Housing Crash

Keeping Current Matters

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows.

Marketing 277
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‘Will your wins’: Luxury agents share tips for breaking into the high-end market

Housing Wire

Real estate agents gathered at the Palladium Theater in New York City’s Times Square on Thursday to learn networking and lead generation strategies from some of the nation’s top luxury real estate agents at the Goldbar Live conference. While every real estate professional had their own nuggets of advice to share, one overarching theme was agents’ belief in manifesting their success.

Agents 441
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Mortgage rates continue to climb, but it’s not all bad news

Real Estate News

There are signs that inventory is building, which could take some pressure off the market and increase options for buyers who can stomach the elevated rates.

Mortgages 267
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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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Pending home sales recede in January: NAR

Housing Wire

January pending home sales leveled off after December’s surge but remained steady. The softening in sales was primarily a factor of wintry weather rather than declining demand, according to Bright MLS chief economist Lisa Sturtevant. Pending home sales dropped 4.9% month over month in January, according to the newest data from the National Association of Realtors (NAR).

Sales 431
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Pending home sales slid nearly 5% in January

Real Estate News

While pending sales reversed course last month, experts blamed seasonality and less favorable borrowing rates for the lack of activity from buyers.

Sales 276

More Trending

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New rules for scoring mortgage borrowers coming in Q4 2025

Inman

Fannie and Freddie's federal regulator wants lenders to synchronize adoption of bi-merge credit reporting with more inclusive FICO Score 10T and VantageScore 4.0 scoring models.

Mortgages 184
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Why Happy Grasshopper CEO Dan Stewart is so chill

Housing Wire

Editor in Chief Sarah Wheeler sat down with Dan Stewart, founder and CEO of Happy Grasshopper , to talk about the company’s tech strategy in creating content that resonates with consumers. Storytelling is key to the company’s success and Stewart’s own story explains how he stays cool in any market cycle. Turns out being stranded at sea in shark-infested waters puts everything else in perspective.

Branding 421
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Warren Buffett: ‘You want a bad number’ to get good market news

Inman

In 2010, the Berkshire Hathaway Inc. CEO said that fewer housing starts can help lay the foundation for a more balanced market down the line. His own company's recent investments in home builders show commitment to that principle.

Marketing 183
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The extrovert’s guide to being a real estate rock star

Housing Wire

How do you know if you’re an introvert or an extrovert? The simple test is to ask yourself: when you’re around a lot of people (say at a party or a real estate event), do you go home after the party and feel like your battery has been charged or do you feel drained? If the answer is charged up, you’re an extrovert. If you’re drained, you’re an introvert.

Agents 421
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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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The biggest wins, losses and news from Q4 2023 earnings

Inman

Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10 billion year, we’ve rounded up the top stories all in one place. Here’s what you might have missed.

Brokerage 180
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MLS PIN, Nosalek plaintiffs ask court for permission to respond to DOJ

Housing Wire

The plaintiffs in the Nosalek commission lawsuit and defendant MLS Property Information Network (MLS PIN) have teamed up to ask Judge Patti B. Saris if they can file separate responses to the statement of interest from the Department of Justice (DOJ). The joint motion was filed on Wednesday by MLS PIN, Jennifer Nosalek, Randy Hirschorn and Tracy Hirschorn.

MLS 420
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Latest inflation numbers give mortgage rates some room to fall

Inman

A key Fed inflation metric, the PCE price index, continues to drop toward the Fed's 2 percent inflation target, falling from 2.6 percent annual growth in December to 2.4 percent in January.

Mortgages 178
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Liberty Reverse Mortgage hit with class-action suit alleging violation of California labor laws

Housing Wire

Liberty Reverse Mortgage , a top 10 reverse mortgage lender owned by Ocwen Financial Corp. and its subsidiary PHH Mortgage Corp., allegedly violated California labor laws by failing to provide employees with rest breaks, meal breaks and appropriate compensation for off-the-clock and overtime work, according to a newly filed class-action lawsuit. The suit, filed by former Liberty employee Michaela LaNere in Sacramento County Superior Court , seeks to recoup lost wages and other associated damages

Mortgages 417
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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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Why thousands of women will have to make health care moves in 2024

Inman

How far do you have to drive in your state to receive quality maternal health care? To receive emergency services? These kitchen table issues are on your prospect's minds, Rachael Hite writes.

Agents 177
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New School economist calls for a ‘Gray New Deal’ for retirees

Housing Wire

Economics professor Teresa Ghilarducci of The New School in New York recently painted a dire picture of the retirement situation in the U.S., calling on policymakers to enact what she calls a “Gray New Deal,” recalling the economic relief and stimulus efforts of President Franklin D. Roosevelt implemented during the Great Depression. Speaking in Washington, D.C., at a policy conference for the National Institute on Retirement Security , Ghilarducci laid out her proposal and a series of what she

Finance 415
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Opendoor’s partnership with eXp officially goes live

Inman

The companies' integrated technology will streamline the process to make Opendoor cash offers available to eXp's tens of thousands of agents.

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What Are Seller Credits in Real Estate: The Assistance Buyers Need

RIS Media

In real estate transactions, buyers and sellers often negotiate various aspects of the deal. Negotiations can include the purchase price, closing costs and contingencies. One element that frequently arises during these negotiations is referred to as seller concessions or repair credits. These credits can play a significant role in shaping a real estate deal’s final… The post What Are Seller Credits in Real Estate: The Assistance Buyers Need 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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Zillow teams up with Howard Hanna to offer Listing Showcase

Inman

The technology platform is designed to improve marketing for listings. Now, Howard Hanna agents will get to exclusively offer the tool to their clients in Pittsburgh and Cleveland.

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eXp Must Face Cover-Up Allegations in Sexual Assault Lawsuit, Judge Rules

RIS Media

A federal judge is allowing four women to move forward with civil claims that they were drugged and sexually assaulted by eXp recruiters at company events, ruling the alleged victims have “plausibly” contended that two high-profile influencers raped them—and that the company and CEO Glenn Sanford are culpable for failing to implement safeguards, as well… The post eXp Must Face Cover-Up Allegations in Sexual Assault Lawsuit, Judge Rules appeared first on RISMedia.

As-is 120
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Building a lasting personal brand: What you need to know

Inman

In this week's Inman Access class, industry experts sit down to discuss personal branding, the importance of being authentic and proven strategies to level up your marketing game.

Branding 172
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4 Property Types Most Frugal Homebuyers Won’t Even Consider

RIS Media

As a real estate agent, it is important to converse with clients to figure out what they are looking for, and what they aren’t, when shopping for a home. Some buyers, especially those on a tight budget, may have some specific non-starters when it comes to making an offer on a property. Here are four… The post 4 Property Types Most Frugal Homebuyers Won’t Even Consider appeared first on RISMedia.

Agents 118
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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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Century 21 expands presence in South Florida with woman-owned firm

Inman

Century 21 has expanded its presence in South Florida with Soflo Home Realty, a six-year-old woman-led brokerage in Delray Beach. Broker-owner Roberta Lucas and her 15-agent team serve buyers and sellers across Broward, Miami and Palm Beach counties.

Brokerage 171
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Celebrating the Past and Preparing for the Future

RIS Media

Above, Paul Boomsma, left with Diane Turton Leading Real Estate Companies of the World®’s (LeadingRE) 2024 Conference Week kicked off on Weds., Feb. 27 at the Wynn Hotel in Las Vegas with an inspiring general session—bringing together some of the brightest minds in the business to uncover the possibilities that exist in today’s challenging environment… The post Celebrating the Past and Preparing for the Future appeared first on RISMedia.

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Corcoran Group lands in Massachusetts with new franchise

Inman

The Boston-headquartered franchise dubbed "Corcoran Property Advisors" is led by brokers-owners Brian Dougherty and Nick Robert who have backgrounds that span hospitality, sales, luxury and design. The firm also has an office in Cohasset.

Land 169
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Growing Leaders During Unprecedented Times in Real Estate

RIS Media

In these uncertain times, it is more important than ever for leaders in the real estate industry to step up and guide their teams through the challenges ahead. As President of Broward, Palm Beaches & St. Lucie REALTORS® and BeachesMLS, I have witnessed firsthand how issues facing our industry have collectively affected us. I want… The post Growing Leaders During Unprecedented Times in Real Estate 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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What the Ritz Carlton can teach you about elevating client service

Inman

Want to stand out from the crowd of real estate professionals? Take a tip from Milena Monet and emulate some of the business world's biggest names.

Agents 184
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Mortgage Rates Continue to Edge Near 7%

RIS Media

The 30-year fixed-rate mortgage (FRM) increased slightly this week, from last week’s average of 6.9% to an average of 6.94% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.94%, up from last week when it averaged 6.9%. A year ago… The post Mortgage Rates Continue to Edge Near 7% appeared first on RISMedia.

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Broker Spotlight: Leonie ter Brugge, The Agency Costa Blanca

Inman

Find out how luxury specialist Leonie ter Brugge brings her global perspective to serving clients who've fallen in love with Spain's Mediterranean coastline.

Brokerage 175
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The March Issue of Real Estate Magazine Is Now Live

RIS Media

The March 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 REW’s new and top of the line CRM: REW Deals. In addition, RISMedia speaks with Dave Liniger about his new book, top female industry leaders share their thoughts for International… The post The March Issue of Real Estate Magazine Is Now Live 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.