Mon.Mar 11, 2024

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Commentary: What an industry pro learned after helping his parents get a reverse mortgage

Housing Wire

I have been in the mortgage industry for more than two decades and have been working with reverse mortgages for about 12 of those years. Working in this space for so long, I thought I knew the ins and outs of a reverse mortgage, but it wasn’t until I experienced one firsthand that some things really hit home for me. So many people have questions about reverse mortgages: how do they work?

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Coldwell Banker CEO talks entrepreneurship, empowerment, impact

Real Estate News

Kamini Lane, who took the helm less than a year ago, is focused on giving agents — “the most underserved” class of entrepreneurs — “what they need to thrive.

Agents 268
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Salt Lake City team leader Dustin Brohm makes the move to Real

Housing Wire

The fast-growing real estate firm The Real Brokerage just added to its agent count. Salt Lake City-based agent and team leader Dustin Brohm announced Monday that he and his teamerage , the Massive Agent Team , are leaving eXp Realty to join Real. Brohm and his team have been with eXp since 2018. The Massive Agent team has roughly 340 agents in 36 states and three countries, and Brohm said he expects roughly half of the team members to make the move with him to Real over the next few months.

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Marc King departs KW president role amid layoffs

Real Estate News

CEO Mark Willis adds “president” to his title and confirms that about 30 people have been let go from the company.

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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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Rate lock volume rose going into the spring buying season

Housing Wire

The spring homebuying season kicked off with a monthly jump in purchase mortgage locks despite rising interest rates. Rate lock volume rose 5% from January to February due to a notable 8.3% increase in purchase activity, data from Optimal Blue ’s Originations Market Monitor report showed. The rise in purchase activity outpaced the decrease in refinancing activity , which fell by 22.5% for rate-and-term refis and by 3.1% for cash-out loans.

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Finding Your Perfect Home in a Fixer Upper

Keeping Current Matters

If you’re trying to buy a home and are having a hard time finding one you can afford, it may be time to consider a fixer-upper.

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More Trending

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U.S. Housing Secretary Marcia Fudge to step down

Real Estate News

Fudge, a longtime advocate for affordable housing, announced she will leave her HUD post on March 22.

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Opinion: The baby boom wave is cresting

Housing Wire

Peak 65 serves as an historic demographic milestone of the new paradigm shift that is changing every aspect of the housing market , finance, retirement planning process and the fragile supply/demand balance of housing inventory for real estate at large. We are living in a watershed moment in history. The new paradigm brings into question many closely held assertions about who we serve, the type of homes we should be building, and the best way to pay for a home in retirement.

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Case-Shiller is a go-to source for prices — but know these blind spots

Inman

Repeat-sales models have been the gold standard in home-price tracking for decades. Intel examines what they miss, and what some data providers are doing to fill in the gaps.

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Floify’s new platform aims to provide flexible pricing for mortgage lenders

Housing Wire

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said.

Mortgages 409
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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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Rent prices post highest annual increase in over a year: Redfin

Inman

The median asking rent in the United States rose 2.2 percent year over year to $1,981 in February, the largest annual gain since January 2023 and a 0.9 percent increase compared to the month before.

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RON platform NotaryCam records strong growth in 2023

Housing Wire

Remote online notarization (RON) platform NotaryCam expanded its independent notary platform customer base by 46% in 2023, according to an announcement on Monday. The company is a wholly owned subsidiary of title firm Stewart. In addition to expanding its notary platform customer base, NotaryCam also grew the number of loss-mitigation-related RON transactions it was part of in 2023 by 115%.

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How to break through barriers and next-level your business

Inman

Today’s housing inventory and higher interest rates might have you feeling stalled, as if you’ve reached a plateau in your business. However, there are steps to try to break through the noise of today’s market, stand out as an agent, and win more real estate listings.

Agents 178
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Marc King out, Mark Willis in at KW

Housing Wire

Keller Williams announced major changes to its C-Suite on Monday. Marc King has stepped down as the president of Keller Williams, effective immediately. Mark Willis who was named CEO of Keller Williams in November, is now also serving as the firm’s president. According to the annoucment, King, who has been with Keller Williams since 2001, will continue as a training and coaching leader for Keller Williams’ Franchise Systems Orientation and will continue his work updating the Team Leader an

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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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Want to avoid AI pitfalls? Think like a compliance officer

Inman

Real estate professionals would be wise to think like regulators and prioritize compliance when evaluating the potential use of AI in their business, compliance expert Summer Goralik writes.

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4 ways to effectively train your title agency employees

Housing Wire

For title agency owners and professionals, finding the time and resources to train your team can be challenging. However, well-trained employees offer undeniable benefits, such as increased productivity , engagement and job performance. In this article, we’ll examine four effective strategies to help you navigate these challenges and prepare your team for the changing housing market.

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Captivate, connect and convince with compelling presentations

Inman

Applying insights from the "Harvard Business Review" and adapting them to the unique demands of real estate, Nikki Beauchamp writes, you can elevate your presentations from informative to influential.

Branding 168
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Avoid Common Mistakes in Real Estate Listing Descriptions

RIS Media

In the competitive world of real estate, the power of a well-crafted listing description cannot be overstated. It’s the first impression potential buyers have of a property, and a home description plays a crucial role in attracting interest and driving sales. If photography is king, property descriptions are queen in importance. However, creating an effective… The post Avoid Common Mistakes in Real Estate Listing Descriptions 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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Leaders in luxury: Ginger Martin

Inman

Not many real estate agents can say they’ve made a billion dollars in sales. But Ginger Martin, Real Estate Associate with Sotheby’s International Realty – St. Helena Brokerage, boasts more than $3 billion in sales — and that number just keeps growing.

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Job Growth Continues to be Strong Across Most States at the Start of 2024

Eye on Housing

Nonfarm payroll employment increased in 42 states and the District of Columbia in January compared to the previous month, while eight states saw a decrease. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 229,000 in January, following a gain of 290,000 jobs in December. On a month-over-month basis, employment.

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Marc King steps down as president of Keller Williams

Inman

After three years as president, Marc King has stepped down from his post at Keller Williams Realty. CEO Mark Willis will take over King's responsibilities.

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Marcia Fudge Announces Resignation as HUD Secretary

RIS Media

Above, Marcia Fudge HUD Secretary Marcia Fudge announced Monday she is retiring from the top housing post. Her resignation will take effect on Friday, March 22, 2024. Fudge ends her tenure as the 18th secretary of the U.S. Department of Housing and Urban Development, after almost exactly three years (she assumed office on March 10,… The post Marcia Fudge Announces Resignation as HUD Secretary appeared first on RISMedia.

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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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7 ways to create top-of-mind name recognition with no budget

Inman

Coach Darryl Davis' advice for spring? Get creative with your ideas, get courageous with your prospecting and be consistent in your approach to building and branding.

Branding 167
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Brokers Parse Out ‘Portal Wars’ Alongside Early 2024 Jitters

RIS Media

Leaning into the stiff headwind of 7% mortgage rates and facing the prospect of more turbulence from the macroeconomy, brokers saw their confidence falter last month, though sentiment continues to trend higher during what is traditionally the slowest season for real estate. RISMedia’s latest Broker Confidence Index (BCI) fell to 6.4 from 6.6 last month,… The post Brokers Parse Out ‘Portal Wars’ Alongside Early 2024 Jitters appeared first on RISMedia.

Mortgages 117
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Negotiating short sales is a crucial skill for real estate agents

Inman

With some areas seeing rising prices and low supply, Clever's Luke Babich writes, many would-be homeowners are looking into unconventional routes to homeownership, including short sales.

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WA approves more funds for tenant attorneys as evictions remain high

Seattle Times Real Estate

About $3 million in new funding will help hire more tenant attorneys to handle cases across Washington, particularly in the areas with the highest eviction numbers.

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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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Brett Miles joins Official as founding agent in NYC

Inman

Miles was most recently affiliated with Compass and brings strong connections in the new development sector to Official. In addition to New York, his team will also begin operating in Miami.

Agents 151
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Coldwell Banker Agent Named First-Ever What Moves Her® Award Winner

RIS Media

What Moves Her® announced Joanne Liscovitz, agent with Coldwell Banker Realty, as the inaugural winner of the Moved By Her Power Award. The award honors women who have made a significant impact in the industry and their communities. Out of the more than 100 submitted individuals within the real estate industry, What Moves Her® stated… The post Coldwell Banker Agent Named First-Ever What Moves Her® Award Winner appeared first on RISMedia.

Agents 112
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How agents build trust for stronger, longer client relationships

Inman

Agents who leverage new digital tools and services can bring more expertise to clients, but only after trust has been established.

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Leading a Hot-Market Team With Warmth, Experience, Talent and Character

RIS Media

Above, Melissa Hoff It has to be frustrating for a real estate team leader to bring in a new hire, train them, guide them and have them succeed, but then see them leave to start up their own business. For Melissa Hoff, broker associate and team leader of The Hoff Group at Compass in Florida,… The post Leading a Hot-Market Team With Warmth, Experience, Talent and Character appeared first on RISMedia.

Marketing 111
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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.