Mon.Aug 07, 2023

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Home Prices Rise as Size Drops

RIS Media

Home prices have been a consistent thorn in the side of the housing market as of late. While amenities and designs keep advancing on homes that help to give reason to prices, size is something that is not helping the argument. Home sizes have steadily gone down since 2012, while home prices have consistently risen,… The post Home Prices Rise as Size Drops appeared first on RISMedia.

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Home prices hit new peaks in 30 of the 50 largest US markets: Black Knight

Housing Wire

Home prices are going up across the country after slowing for more than a year, according to a new report from data and analytics company Black Knight. The report found that nationally, home prices in June rose by 0.67% month-over-month on a seasonally adjusted basis. Meanwhile, the annual home price increase was 0.8% in June, up from just 0.2% in May.

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Tech Bytes: News from Constellation1, Chime, HAR, more

Real Estate News

SERHANT. partners with Constellation1; Chime integrates ChatGPT; HAR, AZ Realtors add accessibility tools; Christie's adopts Modwell; more.

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Pop the champagne, Compass hits major financial milestone

Housing Wire

After failing to achieve its goal of remaining adjusted EBITDA positive in 2022 , analysts were unsure if Compass would make good on its most recent financial goal of becoming free cash flow positive in the second quarter of 2023. But the Robert Reffkin -helmed brokerage has proved the naysayers wrong, at least for now. During the second quarter of 2023, Compass recorded a free cash flow of $51 million, compared to a free cash flow loss of $59 million the prior quarter.

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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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Compass improving its bottom line despite continued losses

Real Estate News

The brokerage lost $48 million in Q2 — an improvement after substantial losses in Q1 — and the company emphasized its free positive cash flow.

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The FTC drops case against ICE’s acquisition of Black Knight

Housing Wire

The Federal Trade Commission (FTC), Intercontinental Exchange Inc. (ICE) and Black Knight jointly stipulated to dismiss a federal court case against ICE’s $11.7 billion proposed acquisition of Black Knight, clearing a major regulatory hurdle that should allow the deal to go through. “The joint stipulation dismisses the federal complaint and dissolves the temporary restraining order that was previously in place, allowing ICE, Black Knight and the FTC to continue working toward a final settl

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Restb.ai and Bradford Technologies announce appraisal partnership

Housing Wire

Computer vision and AI solutions provider Restb.ai and Bradford Technologies announced their partnership at the Valuation Expo in Las Vegas on Monday. As part of the partnership, Restb.ai’s AI technology will be integrated into Bradford Technologies’ report quality control processes. By leveraging Restb.ai’s advanced computer vision and machine learning technology, Bradford aims to automate and strengthen quality control processes, including the detection of image issues such a

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Demand for land is hot, hot, hot

Real Estate News

More than half of the land brokers in a recent survey said the national land market is “hot” or “on fire.

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Opinion: What the ICE-Black Knight merger means

Housing Wire

The decision to allow the ICE – Black Knight merger to proceed announces the digital integration of the real estate value chain anticipated for over 25 years. Digitization redraws industry boundaries and changes how the value of information is expressed, enriched and exchanged. The capital, capability and content are present to make all real estate markets smarter, faster, safer and connected.

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Four Ways You Can Use Your Home Equity

Keeping Current Matters

If you’re a homeowner, odds are your equity has grown significantly over the last few years.

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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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Three takeaways from Rocket Companies’ Q2 earnings

Housing Wire

Despite a harsh housing landscape, Rocket Companies , the parent of Rocket Mortgage , performed better than expected in the second quarter of 2022. When mortgage rates started climbing in the spring of 2022, Rocket, America’s largest mortgage originator as recently as a year ago, was forced to target the purchase market – not the lender’s traditional strength.

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CINC rolls out ‘Guaranteed Sales Program’ to help agents and teams

Inman

The customer relationship management platform vowed "a path to six-figure earnings within 24 months" for real estate agents and teams who follow the program from beginning to end.

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10 powerful mindset secrets for motivation

Housing Wire

The strongest agents are constantly analyzing their return on investment regarding how they’re spending both their time and their money. This includes money spent on their business as well as their personal lives. Below are the top 10 powerful secrets that strong agents use to stay motivated and keep the right mindset for success. If they’re not getting more out than they’re spending in return, the expenditure isn’t worth it. ‘Breaking even’ doesn’t

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The ultimate guide to Inman Luxury Connect 2023 in Las Vegas

Inman

You've been dreaming of the lights and glamor of Las Vegas for months. Skim Inman's quick and handy guide to make the most of your time while at Luxury Connect in the Sin City.

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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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Judge denies Zillow’s motion for summary judgement in the REX suit

Housing Wire

Things are continuing to heat up in Zillow Group’s legal battle with discount brokerage REX Homes , as the September 18, 2023, trial date looms ever closer. On Friday, Judge Thomas Zilly, the U.S. District Court judge in Seattle overseeing the lawsuit, issued a minute order denying in part and deferring in part Zillow’s motion for summary judgement in the case.

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7 door-to-door sales secrets to make you a better door knocker

Inman

Self-proclaimed door-knocking champ Ernesto Vargas will be onstage at ICLV this week, helping attendees hone their presentation skills to engage with the people they encounter.

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‘Abandoned’ Bay Area land will be developed into housing

Housing Wire

Encinal Terminals, a 32-acre plot of land that formerly operated as a shipping terminal on the north side of Alameda, California, will be developed into a new housing development in an effort to bolster the supply of one of the most expensive areas in the country. This is according to reporting at the Mercury News and the Alameda Post. In a deal brokered between the State of California ’s Lands Commission and the City of Alameda , the 32-acre area situated on Alameda’s north shore is now planned

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Luxury homebuyers and sellers need straight talk on the market

Inman

Luxury agents can earn points for authenticity by giving clients a clear picture of prices today's housing market will bear as long as it's backed by data, experts said Monday at Inman Luxury Connect.

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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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What to Know About Pumping a Septic Tank

Maximum Exposure Real Estate

Septic tank pumping is an essential part of maintaining a functioning septic system. Understanding how your septic tank works and the importance of regular pumping can prevent issues down the line. Signs of a full septic tank should not be ignored, as neglecting pumping can lead to costly damage. Proper maintenance, hiring professional septic services, […] The post What to Know About Pumping a Septic Tank appeared first on Maximum Real Estate Exposure.

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Top women real estate leaders spell out sexual harassment

Inman

"Enough is enough," say some of the industry’s top female leaders and members of Awesome Females in Real Estate, who are putting the industry on notice about sexual harassment. Read their suggested solutions for inappropriate behavior.

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What Are Red Flags When Buying a Condominium

Maximum Exposure Real Estate

Are you wondering about the common problems with condos? When buying a condo, one must be aware of red flags that may indicate potential issues. Look for inadequate parking, deferred maintenance, shoddy construction, high association fees, and poor insulation. Additionally, be cautious of mismanagement of funds, lack of transparency, and disputes within the condo association. […] The post What Are Red Flags When Buying a Condominium appeared first on Maximum Real Estate Exposure.

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3 sustainable design features that will define the future of luxury real estate

Inman

Luxury real estate has always been an “early adopter” of innovative design technologies, and its evolution has ramifications for the entire real estate industry. That’s why it’s so fascinating to watch the development of sustainable design.

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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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6 Ways to Automate Your Real Estate Marketing and Save Time

RIS Media

Marketing your real estate business can take a lot of time—especially tasks that might seem repetitive or menial. Thanks to technology, it just got a whole lot easier. You don’t have to repeat basic marketing tasks daily anymore but can leverage your time by automating your real estate business marketing. This will free you up… The post 6 Ways to Automate Your Real Estate Marketing and Save Time appeared first on RISMedia.

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Redfin exec: Clear Cooperation is failing to stop pocket listings

Inman

Joe Rath is Redfin's senior director of brokerage operations and head of industry relations. He shared thoughts on Clear Cooperation ahead of his appearance at Inman Connect Las Vegas.

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August Cover Story: Exceeding Expectations

RIS Media

How Berkshire Hathaway HomeServices Network Agents Go Above and Beyond Above: Gino Blefari, CEO, HomeServices of America; Chairman, Berkshire Hathaway HomeServices; Christy Budnick, CEO, Berkshire Hathaway HomeServices Photo Credit: Four Seasons Resort Nevis Real estate professionals are often called a lot of things—friend, confidant, advisor—but at Berkshire Hathaway HomeServices, one term stands out above all… The post August Cover Story: Exceeding Expectations appeared first on RISMedia

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How luxury agents earn long-term business? By shooting straight

Inman

In a down market, clients might not like what agents have to say. But they need to hear it anyway, Frances Katzen of Douglas Elliman and Rachel King of SERHANT. agreed at Inman Luxury Connect.

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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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RISMedia’s Newsmakers: Recognizing Real Estate’s Impactful Agents of Change

RIS Media

From left to right: Adrien Bryant, Alex Howland, Sajag Patel, Angeline Vuong Every industry has pioneers for a better way, and that is no different in real estate. From exploring new technology and resources to elevating industry standards, these “Trailblazers” are working hard to navigate complex challenges, identify opportunities and provide solutions to help move… The post RISMedia’s Newsmakers: Recognizing Real Estate’s Impactful Agents of Change appeared first on RISMedia.

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Compass drives down losses, lifts agent count amid Q2 revenue slide

Inman

Compass' 2Q revenue dropped 26 percent year over year to $1.5 billion, according to an earnings call Monday. Despite lower revenue, the brokerage reached free cash flow positivity and slimmed net losses.

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Long-Distance Movers: Why They Moved, and How They Found New Homes

RIS Media

Most of us know someone who has moved to a different state or area in the last few years. Maybe you have friends who text photos of their new pet chickens, send frustrated messages about bad WiFi, or experience beautiful landscapes they couldn’t enjoy in city-center apartments. This article explores the movers—the reasons they moved,… The post Long-Distance Movers: Why They Moved, and How They Found New Homes appeared first on RISMedia.

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Mystery buyer scoops up priciest home in Connecticut for $138.8M

Inman

Copper Beech Farm was originally listed for $150 million back in February. Despite a cut, the sales price still puts the estate within the five most expensive residential real estate transactions of 2023.

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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.