Real Trends
OCTOBER 2, 2023
On today’s RealTrending, ShowingTime+ President Mike Lane offers insight into how showings have been impacted by the low inventory and high-interest rate market. He’ll also talk about how agents can win listings, how Zillow has been impacted by the commission class-action lawsuits, and how the company is using AI to build better photography products.
Housing Wire
OCTOBER 2, 2023
FresYes Realty , one of California ‘s top real estate agent teams, has left the indie ranks to join The Real Brokerage. Jason Farris and his 50-agent team were the top large team in California by sides in 2021, according to the RealTrends 2022 rankings. They recorded 539 transactions in 2021 worth $203.7 million in volume. (They did not appear in the 2023 RealTrends rankings.
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Real Estate News
OCTOBER 2, 2023
The Southeast MLS Alliance and Coast 2 Coast MLS Data Share in Florida represent the latest initiatives to expand data sharing among MLSs.
Housing Wire
OCTOBER 2, 2023
Rocket Pro TPO , the wholesale arm of Rocket Mortgage , on Monday raised agency conforming loan limits to $750,000, ahead of the Federal Housing Finance Agency’s (FHFA) decision expected in November. Amid fiercer competition in a shrinking mortgage market , other lenders may follow suit in the coming days or weeks, as in previous years. Companies are pressured to launch new initiatives to attract brokers and land more purchase businesses due to high mortgage rates.
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Real Estate News
OCTOBER 2, 2023
This is the second time the settlement agreement reached by MLS PIN in the Massachusetts buyer-broker commissions lawsuit has come under fire.
Housing Wire
OCTOBER 2, 2023
Mortgage companies raising debt in the current high mortgage rates landscape is a sign that market conditions are improving, although a recovery from the downturn may come later than expected, analysts told HousingWire. Executives have decided to improve liquidity to fund their businesses and investments, targeting mortgage servicing rights (MSRs) deals.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 2, 2023
Four of the largest MLSs in the Southeast have formed an alliance, creating a data sharing network. South Carolina’s Charleston Regional MLS; Canopy MLS in North Carolina; Georgia MLS; and Realtracs, which is the largest MLS in Alabama, Kentucky and Tennessee, have formed the Southeast MLS Alliance. The partnership will allow members of these four MLSs to access more than 85,000 listings across Alabama , Georgia , Kentucky , North Carolina , Tennessee and South Carolina.
Keeping Current Matters
OCTOBER 2, 2023
If you’re thinking about buying a home soon, higher mortgage rates, rising home prices, and ongoing affordability concerns may make you wonder if it still makes sense to buy a home right now.
Housing Wire
OCTOBER 2, 2023
Home prices continued to accelerate in August, rising a seasonally adjusted 0.68% from July and hitting another record high for the fourth consecutive month. Prices in nearly half of the nation’s 50 largest markets climbed by 0.75% or more. Even on a non-adjusted basis, August’s gain of 0.24% was more than 60% larger than the 25-year average for the month, according to a mortgage monitor report from Intercontinental Exchange, Inc.
Inman
OCTOBER 2, 2023
In a message to employees on Monday, Redfin CEO Glenn Kelman cited NAR's harassment scandal and other grievances as reasons for calling on 1,800 Realtors to cancel memberships.
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Housing Wire
OCTOBER 2, 2023
Online real estate market provider CoStar Group has sued former Homesnap founder Guy Wolcott and three others for allegedly stealing trade secrets related to its online information platform feeding its various marketplace products, including Homes.com and Apartments.com , according to court documents obtained by HousingWire. The filing of the suit was first reported by Inman News.
Inman
OCTOBER 2, 2023
In a sign of the listing portal's growing influence, Homes.com hit more than 100 million unique visitors in September, sparking a 1,290 percent annual increase in traffic. Now the portal is second only to Zillow.
Housing Wire
OCTOBER 2, 2023
Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. In a verdict announced late Friday afternoon, a jury in a U.S. District Court in Seattle determined that Zillow did not make deceptive change to its only agent listings that forced REX Real Estate to go out of business. The jury found that REX did not prove Zillow used false advertising it its decision to put non-MLS listings on a different section of the website and that Zillow p
Inman
OCTOBER 2, 2023
Portnoy's waterfront home purchase set a new record for Nantucket and the state of Massachusetts. The estate features a main house, guest house and studio that are connected by an underground tunnel.
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Housing Wire
OCTOBER 2, 2023
Lawmakers from the House of Representatives and the Senate averted a government shutdown on Saturday, just hours ahead from a funding lapse. Passage allows Congress to fund the government for 45 days, provide $16 billion in disaster assistance, and temporarily extend the National Flood Insurance Program. In the meantime, Congress continues to work on a long-term reauthorization of the program, the National Association of Realtors (NAR) said in an FAQ document released last week.
Inman
OCTOBER 2, 2023
Discover powerful strategies to boost your real estate career and achieve lasting success through a step-by-step self-improvement process. Coaches Emily Bossert and Melanie Klein provide the roadmap.
Housing Wire
OCTOBER 2, 2023
Equity Prime Mortgage (EPM), which shifted to the TPO business after exiting its retail channel in the fall, has embarked on a new chapter. EPM wants to help grow the industry’s wholesale channel through its newly launched broker recruiting website. BLVR – a marketing and promotional campaign launched by EPM on Monday – aims to reach as many retail loan officers to provide information about the wholesale channel.
Inman
OCTOBER 2, 2023
The commercial real estate giant is seeking to stop Homesnap founder Guy Wolcott from marketing a new data-transfer platform, which CoStar alleges is "a copycat" of its own tech.
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.
Housing Wire
OCTOBER 2, 2023
Mortgage tech company Xactus announced that its valuation solution Appraisal Firewall X has met federal requirements and is capable of fulfilling Fannie Mae property data collection orders. Appraisal Firewall X connects mortgage lenders with vetted and trained property data collectors to deliver the value acceptance + property data and hybrid appraisal solutions, the company said in a release.
Inman
OCTOBER 2, 2023
Maintaining your sense of humor makes personal and professional sense while it helps you connect with clients and colleagues. Coach Darryl Davis offers a laughter prescription for whatever's ailing you in the current tough market.
Housing Wire
OCTOBER 2, 2023
MLS Property Information Network’s (MLS PIN) settlement agreement in the Nosalek class action antitrust buyer-broker compensation lawsuit has hit yet another snag. On Thursday, the Department of Justice indicated that it had “significant concerns” about the proposed antitrust settlement between home sellers and MLS PIN, filing a motion to extend the deadline for the final approval of the settlement.
Inman
OCTOBER 2, 2023
The move could help qualifying borrowers avoid taking out a jumbo mortgage at a higher rate as Rocket gets a jump on an expected increase in Fannie Mae and Freddie Mac's 2024 loan limits.
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.
Housing Wire
OCTOBER 2, 2023
Redfin will soon be requiring agents to cancel their National Association of Realtors membership. In a letter published on Redfin’s website on Monday, Glenn Kelman and Redfin’s leadership team, including Anna Stevens, Anthony Kappus, Bridget Frey, Chris Nielsen, Christian Taubman, Jason Aleem, and Keith Broxterman, said that Redfin is moving to end its support of NAR.
Inman
OCTOBER 2, 2023
A hybrid property is a private getaway for the homeowner that's only used sporadically. It can also be a source of additional rental income.
Housing Wire
OCTOBER 2, 2023
PLACE , the real estate technology platform, appointed Brendon Burchard, a leading personal growth coach to the role of chief growth advisor. In this newly created position, Burchard will oversee personal growth efforts for real estate agents , partners and employees. PLACE partners and team members will have access to Burchard’s exclusive coaching through his app, GrowthDay.
Inman
OCTOBER 2, 2023
Join Brian for an exploration of ACCESS and discover how this innovative internet-based platform empowers real estate professionals to craft stunning websites, captivating presentations, and impactful marketing materials with ease. Click here to join!
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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.
RIS Media
OCTOBER 2, 2023
An unfinished basement, often overlooked and underutilized, holds immense potential to become a functional and inviting space in your home. By employing innovative design ideas, you can transform this neglected area into a valuable addition that enhances your living space and property value. From experience as a Realtor, a finished basement is one of the… The post What to Do With an Unfinished Basement appeared first on RISMedia.
Inman
OCTOBER 2, 2023
Seventy-four percent of sellers want to sell as quickly as possible, while 58 percent say receiving a cash offer is important. Opendoor is the missing link in that equation—creating simple and certain cash transactions for agents and your clients.
RIS Media
OCTOBER 2, 2023
In the ongoing billion-dollar fight for dominance between portals, one underdog player—backed by one of real estate’s most powerful companies—has leap-frogged ahead of the pack, emphasizing a new philosophy and focused on a much different experience for both consumers and agents. Homes.com, which was acquired by CoStar in 2020, broke 100 million unique monthly visitors… The post Homes.com Vaults to Second Place in ‘Portal Wars’ appeared first on RISMedia.
Inman
OCTOBER 2, 2023
Find out how Patrick Clark's unique background, hands-on approach, and the strong connections he cultivates with clients and colleagues help him to succeed in the fast-paced world of Manhattan real estate.
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.
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