Thu.Sep 28, 2023

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Pending home sales fell 7.1% in August

Housing Wire

Mirroring the trend for new home sales , pending home sales fell 7.1% in August, according to data released Thursday by the National Association of Realtors (NAR). All four regions of the U.S. posted month-over-month and year-over-year declines in transactions. Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July.

Sales 479
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Mortgage rates soar to 23-year high

Real Estate News

Even as interest rates climb, home prices aren't budging, a combo which may "put the brakes on the housing market.

Mortgages 312
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Actually Agents joins The Broke Agent within BAM

Housing Wire

Real estate media just got funnier as Actually Agents will join The Broke Agent within BAM , a real estate media company. While continuing to operate independently, Luca Alboretti of Actually Agents and Eric Simon of The Broke Agent will “collaborate to produce funny and engaging content that both entertains and educates real estate professionals,” BAM announced in a press release Thursday.

Agents 472
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Pending home sales slid a staggering 7.1% in August

Real Estate News

The decline could mark "the beginning of the end of this resilient housing market," according to one economist.

Sales 303
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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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Mortgage rates surge to highest level since 2000

Housing Wire

Mortgage rates climbed again this week as investors braced themselves for ‘higher-for-longer’ conditions following last week’s Fed meeting. Additionally, the yield on 10-year treasuries shot up to 4.6% on September 27 from 4.3% a week prior. Just before noon on Thursday, they were Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.31% as of Sept. 28, up 12 basis point from last week ’s

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Teams on the Move: @properties, KW, Compass gain teams

Real Estate News

Chicago duo takes North Shore business to @properties; No. 1 New Orleans agent joins Keller Williams; Compass team increases brokerage's Milwaukee presence.

Brokerage 243

More Trending

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Why Your House Didn’t Sell

Keeping Current Matters

If your listing expired and your house didn’t sell, you’re likely feeling a little frustrated.

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ICE envisions an unstoppable ‘life-of-loan’ platform with Black Knight acquisition

Housing Wire

Having completed the $12 billion acquisition of Black Knight , Intercontinental Exchange (ICE) is confident in evolving into a true life-of-loan platform: powering origination to final settlement, all in one unified digital ecosystem, executives said during its conference call with analysts. “By integrating Black Knight servicing, and robust data and analytics offering with ICE’s industry leading loan origination data and document automation platform, as well as our closing and consumer engageme

Loans 430
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MoxiWorks bridges 2 popular products to simplify lead response

Inman

The update allows users to directly access presentations and CMAs from MoxiPresent while working within MoxiEngage, the company’s popular customer relationship management solution.

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Zillow moves to have REX suit dismissed

Housing Wire

After nearly 10 days of trial proceedings, Zillow is ready for its years-long legal battle with REX Real Estate to be over. On Wednesday, just nine days after the long-awaited trial’s September 18 start date, the real estate behemoth file a motion for judgment as a matter of law in the U.S. District Court in Seattle hearing the trial. A judgement as a matter of the law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance,

MLS 410
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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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5 fresh, must-try ChatGPT strategies for next-level results

Inman

Artificial intelligence tools like ChatGPT provide unprecedented leverage when you know how to use them effectively. Jimmy Burgess and Andy Beal offer strategies to help you make the most of this game-changing tech.

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New York Gov. Hochul signs bill giving flood risk ‘right to know’ to homebuyers

Housing Wire

New York Gov. Kathy Hochul (D) last week signed a bill into law that establishes a flood risk “right to know” for homebuyers. The legislation is meant to safeguard prospective homeowners against the expanding risks of flooding and natural disasters. Assembly Bill A1967 “requires disclosure of information concerning flood insurance on property condition disclosure statements [and] relates to liability with respect to property disclosures,” according to the bill’s official description on the New Y

Closing 410
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Franchisee drops misconduct claim against Keller Williams, Gary Keller

Inman

Inga Dow filed a notice in the U.S. District Court for Northern Texas on Monday dismissing claims against all but former KW CEO John Davis, who she said harassed and abused her while KW did nothing.

Brokerage 193
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United Real Estate CEO on minding the value gap for franchisees

Housing Wire

“You’ve probably heard this mantra — your listing, your lead, but most of the lead aggregators in the country say, ‘Your listing, our lead, and then we’ll distribute it to whoever pays us the most,'” said Dan Duffy, CEO of United Holdings at Elevate, the firm’s annual conference held in Orlando. “We’re trying to reverse engineer all of that and [give] some control and power back to you.” The firm is doing that with a new lead generation produ

Brokerage 409
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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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3 tips to help budding brokers go from surviving to thriving

Inman

Getting your broker's license is just the start of the story, broker-owner and educator Elisha Lopez writes. Here's how to elevate your brokerage career to the highest heights.

Brokerage 184
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Loan Simple hires Jim Anderson as chief marketing officer

Housing Wire

Jim Anderson Colorado-based lender Loan Simple brought on Jim Anderson as its new chief marketing officer. Anderson, who started the new role in September, will oversee all aspects of the firm’s marketing, branding and demand-generation efforts. “With over 20 years of experience at Finance of America (FoA), Stearns Lending , Certainty Home Loans , CNN , Accenture and The Weather Channel , he brings innovative, business-building, marketing strategies to Loan Simple,” the company said in a LinkedI

Loans 409
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Keep calm and carry on. How to stay cool when things get heated

Inman

Through mindfulness and breath work, coaches Melanie Klein and Emily Bossert offer strategies to help you navigate the highs and lows of day-to-day business.

Agents 190
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47-year-old Florida indie brokerage joins RE/MAX

Housing Wire

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. Ocala, Florida -based Foxfire Realty is the latest firm to join a national brand, announcing its move to RE/MAX on Wednesday. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

Brokerage 409
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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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Here’s what it takes to be a full-service real estate agent

Inman

A full-service agent provides superior service and focuses on the client's best interest. That's what sets their performance apart, according to The Agency's President Rainy Hake Austin.

Agents 176
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Long Island indie brokerage joins Century 21

Housing Wire

Anchor Real Estate of Long Island, Inc. is the latest independent brokerage to affiliate with a major national brand. The Patchogue, New York -based firm announced Wednesday that it was affiliating with Century 21 Real Estate LLC. Founded in 2017 by the mother-daughter team of Gina and Cristina Ferraro, Anchor Real Estate serves clients in Nassau and Suffolk Counties.

Brokerage 409
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5 reasons agents should embrace a back-to-school mentality

Inman

The real estate market is always changing, so it's up to you to stay smart, educated and informed so that you can help your clients. Coach Darryl Davis offers five reasons you should lean into back-to-school time to reboot your training plan.

Agents 176
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How to Find a Real Estate Attorney Near You

RIS Media

The real estate world is dynamic and filled with exciting opportunities and intricate challenges. Whether stepping into the market as a buyer, seller, or someone dealing with property-related complexities, having the right real estate attorney by your side is like having a compass in uncharted territory. But how do you find that ideal legal partner… The post How to Find a Real Estate Attorney Near You appeared first on RISMedia.

As-is 137
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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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Actually Agents teams up with BAM, formerly Broke Agent Media

Inman

After years of mutual admiration and some friendly competition, two of the biggest real estate humor brands have decided to join forces at BAM.

Agents 190
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Purchase of U.S. Property by Foreign Buyers Slips to the Lowest Level Ever Recorded

RIS Media

Foreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, slipping 9.6% from the previous 12-month period, according to a recent report from the National Association of REALTORS® (NAR). Foreign buyers purchased 84,600 properties, down 14.2% from the prior year and the fewest number of homes bought since 2009,… The post Purchase of U.S.

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Compass adds 2nd office to Kansas City metro area

Inman

The new office is located on the western edge of Country Club Plaza and is easily walkable from some of the neighborhood's premier hotels, restaurants and high-end shops.

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The Playbook: Client Finances…What Must You Know? How Much Should You Ask?

RIS Media

Mortgage rates are the highest they’ve been in years. Inventory is tight and home prices have stayed elevated. Thus, many prospective homebuyers who thought they had their finances buttoned up are suddenly having to recalculate, and often stretch, if able to purchase at all. Will that change? Not likely, at least for a while. Recent… The post The Playbook: Client Finances…What Must You Know?

Finance 124
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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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Broker Spotlight: Pat Wilkins, RE/MAX Affinity Plus

Inman

Learn more about this Marco Island real estate legend and the coastal lifestyle he loves to share with clients and colleagues.

Brokerage 193
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Mortgage Rates Reach Highest Level in Almost 23 Years

RIS Media

After a slight uptick to 7.19% a week ago, the 30-year fixed-rate mortgage (FRM) averaged 7.31% this week, its highest level in 23 years, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 7.31% as of September 28, 2023, up from last week… The post Mortgage Rates Reach Highest Level in Almost 23 Years appeared first on RISMedia.

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Pending home sales nosedive in August as interest rates soar

Inman

The Pending Home Sales Index dipped 7.1 percent to a measure of 71.8 between July and August, according to NAR.

Sales 195
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NAR Outlines What a Government Shutdown Would Mean for the Real Estate Economy

RIS Media

If Congress is unable to agree on the provisions of a Continuing Resolution (CR) to fund the federal government by September 30, 2023, the result will be a partial shutdown of some government operations of interest to the real estate industry. A summary of the impact on selected agencies is provided below. Environmental Protection Agency… The post NAR Outlines What a Government Shutdown Would Mean for the Real Estate Economy 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.