Mon.Jan 08, 2024

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NAR President Kasper resigns following blackmail threat

Housing Wire

National Association of Realtors President Tracy Kasper has resigned following a threat made against her, the trade group said Monday. “Kasper informed NAR’s Leadership Team that she recently received a threat to disclose a past personal, non-financial matter unless she compromised her position at NAR,” NAR said in a written statement. “She refused to do so and instead reported the threat to law enforcement.

As-is 479
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NAR President Tracy Kasper, facing blackmail threat, steps down

Real Estate News

Kasper had been in the role for just over four months following the resignation of former president Kenny Parcell. Kevin Sears is taking over as president.

As-is 333
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Cyberattack at loanDepot brings systems down

Housing Wire

Top-15 U.S. mortgage lender loanDepot confirmed Monday morning that it is the industry’s latest cyberattack victim. The incident has brought loanDepot’s systems down. The California-based lender, which originated roughly $17 billion in mortgage loans from January to September 2023, said it has launched an investigation with the support of cybersecurity experts.

Mortgages 512
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Anywhere, RE/MAX settlement approval moves forward

Real Estate News

The two firms — the only major brokerage companies yet to settle in the commissions cases — are on track to finalize their agreements this May.

Brokerage 282
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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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Don’t expect a significantly better mortgage market in 2024: Piper Sandler

Housing Wire

The mortgage market should improve in 2024 due to a combination of competitive pressures easing and mortgage demand picking up from historical lows last year, according to a note from Piper Sandler , a leading investment bank. But don’t expect profitability to be significant compared to long-term historical averages as home prices still remain high.

Mortgages 458
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What Lower Mortgage Rates Mean for Your Purchasing Power

Keeping Current Matters

If you want to buy a home, it's important to know how mortgage rates impact what you can afford and how much you’ll pay each month.

Mortgages 284

More Trending

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Trends 2024: The explosion of generative AI

Real Estate News

The public release of ChatGPT just over a year ago put a powerful AI tool in the hands of everyday users. Where will it go from here?

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ICE Mortgage Technology’s Encompass to offer investment advisory advice for clients

Housing Wire

ICE Mortgage Technology — part of Intercontinental Exchange (ICE) – will be offering lenders access to investment advisory advice in its Encompass loan origination system (LOS) through a partnership with Halcyon , a tech firm specializing in advanced data integration. “In the current market where the refi boom has dried up and interest rates are sky high, most home purchases are being driven by life events that come with other financial considerations.

Mortgages 431
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NAR President Tracy Kasper resigns, alleges blackmail

Inman

The National Association of Realtors' leader said she recently received a "threat to disclose a past personal, non-financial matter unless she compromised her position at NAR.

MLS 205
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Coldwell Banker welcomes Austin-based luxury brokerage

Housing Wire

Boutique luxury brokerage Tate Property Group has joined Coldwell Banker , the company announced last week. The Austin , Texas-based brokerage was founded in 2008 by Pat Tate, who will be jumping to Coldwell Banker with her son, Drew Tate, and three other agents. The group will relocate to the Coldwell Banker’s Westlake office. In a statement about the move, Drew Tate expressed a keen interest in the marketing and technology tools available at the family’s new home.

Brokerage 428
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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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LoanDepot is latest real estate company to be targeted by hackers

Inman

Mortgage lender says an unauthorized party accessed its systems and encrypted some of its data, a tactic employed by ransomware groups to target more than 1,000 companies and organizations.

Mortgages 199
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How one lender is innovating to make affordable housing more accessible

Housing Wire

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. Change Chief Production Officer Jon Irvine describes how the company plans to navigate the next five years amid higher interest rates , a growing affordability crisis and other macro-economic headwinds.

Lending 425
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3 top agents from Realogics Sotheby’s move to The Agency

Inman

As agents continue to reevaluate their brokerage affiliations heading into the new year, Seattle-based Sandra Hines, Blake Waggoner and Dave Janssens have all left Realogics Sotheby's International Realty for The Agency.

Agents 193
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Bankruptcy judge approves Celink stipulation in RMF bankruptcy case

Housing Wire

The presiding judge in the ongoing bankruptcy case of Reverse Mortgage Funding (RMF) has approved a stipulation that would resolve an administrative claim made against the company’s estate by reverse mortgage servicing company Celink , authorizing both companies to consummate the agreement. The new agreement The agreement, stemming from a proof of claim filed against RMF by Celink in May 2023, originally sought $361,726 from the lender based on a subservicing agreement entered between both compa

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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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9 ways to combat imposter syndrome for peak performance

Inman

If a slow year or industry changes have you feeling out of sorts, write Melanie Klein and Emily Bossert, the problem may be imposter syndrome. Find out how to fight it and get your joy back.

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Nine commission lawsuits look to consolidate in Missouri under Sitzer/Burnett judge

Housing Wire

A bevy of copycat commission lawsuit plaintiffs are looking to consolidate their nine suits in Missouri under Judge Stephen Bough, who over saw the Sitzer/Burnett commission lawsuit trial in October 2023. In a filing dated Dec. 27, 2023, the plaintiffs in the Gibson and Umpa suits, the oldest and the newest of the copycat suits, which were both filed in Missouri, ask the court if their suits, along with seven other copycat commission lawsuits can consolidate.

Agents 415
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Clever acquires renter assistance, rewards app Gravy

Inman

Gravy, an application built to support renters in their homebuying process, has been acquired by Clever Real Estate, a company that specializes in educating consumers about agent choice and the overall transaction process.

Agents 184
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Sitzer/Burnett filing deadline results in a squall of post-trial motions

Housing Wire

Monday was the final date for parties to file post-trial motions in the Sitzer/Burnett commission lawsuit and litigants took it down to the wire to file their motions. The parties had since Oct. 31, 2023, when a Missouri jury found the National Association of Realtors , HomeServices of America , and Keller Williams liable for colluding to artificially inflate real estate agent commissions, to prepare and file these motions.

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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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Economic Outlook: Recession may be what drives rates down in 2024

Inman

Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a "soft landing" still possible? Economists are divided on the nation's economic outlook for 2024.

Land 176
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Frequently Asked Questions About Home Appraisals

RIS Media

One of the most essential steps when buying a house or refinancing your existing home is the appraisal. Appraisals can make or break a real estate transaction. Appraisers have significant power in the role they perform for a mortgage lender. After all, their word is gospel. Given their importance, they must be accurate with their… The post Frequently Asked Questions About Home Appraisals appeared first on RISMedia.

Mortgages 141
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Engel & Völkers Florida celebrates early renewal milestone

Inman

Pioneering excellence: Beau Blankenship of Engel & Völkers 30A Beaches and Corey Hasting of Engel & Völkers First Coast renew franchise commitment.

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Can You Break Up With Your Buyer’s Agent?

RIS Media

Buying a home is a significant life decision, and choosing the right buyer’s agent is crucial to ensuring a smooth and successful transaction. However, there are instances where the relationship with your buyer’s agent may not work out as expected. You may find yourself contemplating the need to break up with them. We will explore… The post Can You Break Up With Your Buyer’s Agent?

Agents 141
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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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Professor who predicted urban ‘doom loop’ sees NYC exception

Inman

Stijn Van Nieuwerburgh, whose 2022 paper inspired debate about the future of big cities, says things now seem to be looking up for New York City.

Agents 176
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State-to-State Migration Trends in 2022

NAR: Economic Outlook

State-to-State Migration Trends in 2022 The number of people who moved between states rose from approximately 7.9 million in 2021 to approximately 8.2 million in 2022.

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Mocktails, meditation and other tips for Dry January

Inman

Studies show that real estate agents are drinking too much. Here are some tips from Rachel Hite to help you reduce or abstain from drinking in 2024.

Agents 170
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11 Things Sellers Need To Know Before Listing For Sale

Maximum Exposure Real Estate

Before listing a home for sale, there are many things a prospective seller should know. Knowledge is power when it comes to real estate. The more educated you are on the process, the better off you will be. Selling a house is all about being prepared to hit the market. An educated home seller stands […] The post 11 Things Sellers Need To Know Before Listing For Sale appeared first on Maximum Real Estate Exposure.

Sales 130
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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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NAR President Tracy Kasper Resigns After Apparent Blackmail Attempt

RIS Media

National Association of REALTORS® (NAR) President Tracy Kasper is resigning her position effective immediately, NAR announced today in a press release shared with RISMedia, after she “received a threat to disclose a past personal non-financial matter.” According to NAR, Kasper was pressured to “compromise” her position at NAR by the unnamed party or parties, but… The post NAR President Tracy Kasper Resigns After Apparent Blackmail Attempt appeared first on RISMedia.

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Residential Building Wages Continue to Increase

Eye on Housing

The year-over-year (YOY) growth rate for residential building worker wages decelerated to 0.6% in June 2023. Over the past five months, wage growth accelerated moderately and reached 4.0% in November. Overall, average hourly earnings for residential building workers* increased at a relatively slower pace in the past year, compared to the peak rate of 8% in October 2021.

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Pure Energy: Virginia Real Estate Team Adapts, Inspires and Dominates Market

RIS Media

In the world of team-focused real estate, Virginia’s Carolyn Young Real Estate Team has emerged as a powerhouse over the last six years. Led by industry veteran Carolyn Young, the team’s commitment to excellence, adaptability and innovative strategies has not only propelled them to become one of the top 10 teams in the country, but… The post Pure Energy: Virginia Real Estate Team Adapts, Inspires and Dominates Market appeared first on RISMedia.

Marketing 119
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Lesson Learned: You’re 1 client away from changing your life

Inman

Find out team leader Leo Robles' best advice, including the game-changing words of wisdom he passes along from his real estate mentors.

Agents 131
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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.