Tue.Jun 13, 2023

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Has the Fed won its battle against inflation? 

Housing Wire

Inflation was running over 9% last year and the headline inflation growth rate has cooled off a lot recently. Does this mean the Federal Reserve will pivot soon to prevent a recession? I don’t believe they will, but the growth rate of headline inflation falling is good enough for them to pause rate hikes tomorrow. The core aspect of inflation is taking time to head lower, and this is the part of the inflation picture that the Fed cares most about.

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Inflation is slowing, which could soften interest rates

Real Estate News

Inflation rose only slightly in May to an annual rate of 4%, down significantly from its peak of more than 9% last summer.

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EPM doubles down on wholesale channel, reduces retail footprint

Housing Wire

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. This has resulted in the company closing branches and laying off loan officers on the retail side. “Wholesale is growing. It’s a shift that is happening in the market. And we’re just going along with the shift,” Eddy Perez, co-founder and CEO, said in an interview. “We still have retail, but we do believe that

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KW’s widely used Command CRM gets a refresh

Real Estate News

Improvements to the CRM platform and app are intended to give agents a leg up with lead generation, marketing and workflow.

Agents 244
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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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Inflation slows in May as shelter costs continue to cool

Housing Wire

With the Federal Reserve meeting on Wednesday to discuss the federal funds rate, all eyes have been on May’s Consumer Price Index inflation data. After recording a 4.9% annual increase in April, the CPI rose just 4.0% year over year in May, before seasonal adjustment, according to data released Tuesday by the Bureau of Labor Statistics (BLS). This is the smallest 12-month increase since the year ending March 2021 and the 11 th consecutive month of inflation declines.

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MLS collaboration can create a more 'seamless marketplace'

Real Estate News

Joint ventures and continuing consolidation may help MLSs better serve both subscribers and consumers.

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More Trending

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Your Needs Matter More Than Today’s Mortgage Rates

Keeping Current Matters

If you’re thinking about selling your house right now, chances are it’s because something in your life has changed.

Mortgages 226
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Low inventory fueling a hot market, for the few who are in it

Real Estate News

Home values are up, and so are bidding wars, according to the latest Zillow market data.

Marketing 254
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Inflation is falling. So what happens next? Here’s what economists say

Inman

The impact of high housing costs is expected to fall out of inflation, giving cover for the Federal Reserve to stop raising interest rates, economists said. But there are still warning signs.

MLS 157
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Inside a Coastal Sanctuary on Nantucket Sound

Sotheby's International Real Estate

Few communities so thoroughly exemplify the timeless charm of Cape Cod as Centerville, a quiet village replete with picturesque New England sights. The peaceful residential neighborhoods are dotted with iconic church steeples, delightful early-20th-century shops, docks, and yacht clubs. Steps from grassy dunes, sandy beach, and the rolling waves of Centerville Harbor and Nantucket Sound, this classic multilevel oceanfront residence displays all the hallmarks of regional style—a shingled pitched

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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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Keller Williams rolls out updates to Command tech platform

Inman

The new features will allow agents to automate more of their work and better manage their deals, according to an announcement Tuesday. The goal is to help agents amid a challenging market.

Agents 148
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Inflation Slows to Lowest Level since March 2021

Eye on Housing

Consumer prices in May saw the smallest year-over-year gain since March 2021, mainly driven by lower energy prices. This marked the eleventh consecutive month of deceleration. While this measure aligned with expectations, core inflation remained persistent due to the increase in rent prices.

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Redlining and steering continue to plague housing. So where’s NAR?

Inman

By backing its membership and ignoring bad actors, the National Association of Realtors has set itself up for government oversight and intervention, writes Revaluate co-founder Chris Drayer.

Banks 148
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The Major Effects of Artificial Intelligence on Today's Real Estate Market

Realty Biz

As we sit in the heart of the 21st century, we find ourselves witness to a moment of profound transformation fueled by technology, which is leaving no stone unturned. One such technology, Artificial Intelligence (AI), has penetrated various sectors, from healthcare to education, retail to real estate. Today, let's delve into the profound impact AI is having on the real estate market, revolutionizing how the industry operates and evolves. 1.

Marketing 109
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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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It’s only logical. MoxiWorks joins with location-data proptech

Inman

One of the more robust proptech-partner networks in the industry is now slightly more geographically minded as MoxiWorks welcomes market-intelligence firm Local Logic to its MoxiCloud.

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Daily Links: Heights, Dumbo Residents Want BQE Redesign to Cover Highway, Improve Air Quality

Brownstoner

In the News Booze Tickets Surge Under Adams to 10,000 in the Past Year [NYDN] NYC Hidden Dining Gems: Bay Ridge's Ubani Georgian Restaurant [NYDN] BQE Redesign Should Save Promenade, Cover, Reduce Lanes: Survey [Eagle] Central Brooklyn Says No Thanks to 5G Towers [Patch] The B-Boys and B-Girls of Brooklyn Go for Olympic Gold [New… Read More > The post Daily Links: Heights, Dumbo Residents Want BQE Redesign to Cover Highway, Improve Air Quality appeared first on Brownstoner.

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Judge denies bail for Utah Realtor suspected of murdering husband

Inman

Judge says agent Kouri Richins presents a "substantial danger" to the public after she was charged with lacing her husband's drink with fentanyl after an argument over $2 million mansion purchase.

Agents 148
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In the News: CEO Exchange Presenter Andy Florance Hints at CoStar Expansion

RIS Media

Above: CoStar CEO Andy Florance The discussion surrounding the real estate portals and their evolving services is growing, and CoStar Founder and CEO Andy Florance doesn’t want his company to be overlooked in the conversation, which was evident in a recent Richmond Times-Dispatch report where he unpacked plans for an ongoing expansion of CoStar’s biggest… The post In the News: CEO Exchange Presenter Andy Florance Hints at CoStar Expansion 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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Vesta continues building out integrations with The Work Number

Inman

Founded in 2020 by Blend veterans Mike Yu and Devon Yang in San Francisco, the loan origination system has rolled out a series of product upgrades since $30 million Series A.

Loans 148
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Inflation Dips to New Low Ahead of Key Fed Decision

RIS Media

The latest Consumer Price Index (CPI) released this morning showed inflation hitting its lowest level in over two years at 4%, providing powerful evidence that the economy is on the right track just as the Federal Reserve meets to make its next rate hike decision. Coming in lower than many expected, the CPI reading for… The post Inflation Dips to New Low Ahead of Key Fed Decision appeared first on RISMedia.

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This apartment complex wants to lock residents inside all night long

Inman

The Array Apartments in Austin, Texas, has announced a "mandatory" curfew between 10 p.m. and 5 a.m. each night. But legal experts are skeptical such a rule can be enforced.

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The Three Types of Agents in Real Estate

RIS Media

If you are getting ready to enter the real estate market, you might not realize there are differences between real estate agents. Agents help buyers and sellers through a home transaction, but what are the different real estate agents, and what do they do? We look at buyer’s agents, seller’s agents, and dual agents. Those… The post The Three Types of Agents in Real Estate appeared first on RISMedia.

Agents 98
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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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Do you think like an entrepreneur or an employee?

Inman

Transitioning from employee to entrepreneur is challenging, writes broker-owner Elisha Lopez. It pushes you out of your comfort zone and into a better version of yourself.

Brokerage 148
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Real Estate Survival Guide: Using the 80/20 Principle to Prioritize Tasks

RIS Media

As a real estate agent in the current housing market, it can be challenging—or even downright scary—to navigate the constantly changing landscape. However, by putting the 80/20 principle in place in your business, you can streamline your efforts and focus on the tasks that will bring the most significant results. The 80/20 principle, also known… The post Real Estate Survival Guide: Using the 80/20 Principle to Prioritize Tasks appeared first on RISMedia.

Agents 98
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How to add Your Brand Voice to RPR’s Market Trends ScriptWriter

Realtors Property Resource

RPR’s Market Trends ScriptWriter quickly generates market-specific messages. Learn how to use the copy creator as a starting point, and add your own voice to make it uniquely yours. The post How to add Your Brand Voice to RPR’s Market Trends ScriptWriter appeared first on Realtors Property Resource (RPR).

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Virginia Mega-Team Thrives on First-Class Service

RIS Media

British transplant William Close, who arrived in the U.S. with his diplomat parents 26 years ago, learned early in life that service excellence is a cornerstone of success. So, it is no surprise that the William Close Group (WilliamCloseGroup.business@gmail.com), a 55-agent mega-team serving clients in the tri-state area of Virginia, Maryland and Washington, D.C., is… The post Virginia Mega-Team Thrives on First-Class Service 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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A How-to on Empowering Clients With RPR’s Market Trends ScriptWriter

Realtors Property Resource

This “How-To” shows REALTORS® how to use the RPR Market Trends ScriptWriter to its fullest. With it, agents can build trust and credibility by utilizing data-driven insights. The post A How-to on Empowering Clients With RPR’s Market Trends ScriptWriter appeared first on Realtors Property Resource (RPR).

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Team Tactics: Streamline Communication With Virtual Workspace Apps

RIS Media

Team synergy relies on good communication. While fostering effective communication is one thing to tackle, the methods through which your team members stay in touch is a whole other ball game. Real estate is a busy life to lead, so the individuals who work on your team won’t always be able to meet and speak… The post Team Tactics: Streamline Communication With Virtual Workspace Apps appeared first on RISMedia.

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How to Find Reliable Roofers When It’s Time for Replacement or Repairs

HomeLight

Finding the right roofer can feel like a daunting task, especially if you’re responding to the aftermath of severe weather damage. Selecting the right contractor and company will be a crucial decision that impacts your home’s durability, aesthetic appeal, and value. A new roof can run you more than $10,000 so you want to ensure the job is done right.

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RISMedia Wins Silver Award for Best Residential Real Estate Trade Magazine

RIS Media

RISMedia Senior Managing Editor Paige Tepping accepting the award at NAREE’s annual conference. RISMedia has announced that its monthly national print publication, Real Estate magazine, has received the Silver Award for Best Residential Real Estate Trade Magazine from the National Association of Real Estate Editors (NAREE) during the organization’s 73rd Annual Journalism Competition.

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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.