Tue.Jun 27, 2023

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Why Homeownership Wins in the Long Run

Keeping Current Matters

Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year?

Mortgages 236
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Eviction filings are up more than 50% in some cities compared to pre-pandemic levels

Housing Wire

Eviction filings have risen more than 50% in some cities when compared to pre-pandemic levels, as expiring relief measures and economic volatility play havoc with the finances of renters in certain parts of the country. This is according to data from the Eviction Lab at Princeton University , as reported by the Associated Press. “Protections have ended, the federal moratorium is obviously over, and emergency rental assistance money has dried up in most places,” Daniel Grubbs-Donovan, research sp

Finance 382
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It’s a good time to be selling (and buying) new homes

Real Estate News

New home sales are up 20% year-over-year, according to the U.S. Census Bureau, and lower median prices could help first-time buyers.

Sales 340
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ACI Worldwide to pay $25M for illegally processing mortgage payments

Housing Wire

ACI Worldwide and one of its subsidiaries, ACI Payments , agreed to pay a $25 million civil penalty for illegally processing $2.3 billion in unauthorized mortgage payments from nearly 500,000 homeowners serviced by Mr. Cooper two years ago. The Consumer Financial Protection Bureau ( CFPB ) issued a consent order against the company on Tuesday for improperly initiating the transactions in April 2021, which opened homeowners to overdraft and insufficient funds fees from their financial institution

Mortgages 370
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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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eXp CEO reveals Homes.com talks and new twist on recruiting

Real Estate News

Glenn Sanford’s “State of the Union” hints at strategic partnerships, an exclusive lead-gen strategy and investments in attracting teams.

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Home prices continued to accelerate in April: Case-Shiller

Housing Wire

After a winter of dire housing market forecasts, the housing market regained its footing this spring, with home prices rising month-over-month for the third consecutive month in April, according to the S&P CoreLogic Case-Shiller National Home Price Index , which was released Tuesday. These increases came after seven consecutive months of decline.

Staging 359

More Trending

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LenderPulse Q3 2023 survey: Mortgage pros look to cut marketing spend

Housing Wire

As the mortgage industry continues to reduce capacity amid shrinking volumes, mortgage professionals are reluctant to spend on tech, services or solutions. According to HousingWire ‘s Q3 2023 LenderPulse survey, industry workers said they would cut down on marketing spend and tools, as well as reduce additional headcount, if they had to further contain costs.

Mortgages 355
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Want more pizzazz in your listing? Zillow's latest tool aims to deliver

Real Estate News

Listing Showcase, a ShowingTime+ product, is designed to provide a more "immersive" experience for buyers and give listings agents an edge.

Design 253
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Ex-chief of staff accuses The Change Company of “mischaracterizing loans” 

Housing Wire

A former high-ranking employee at nonbank The Change Company CDFI (TCC) filed a lawsuit in California accusing the company of retaliation after he notified executives of employees “mischaracterizing loans” to apparently skirt federal reporting requirements. The lawsuit, filed in Orange County, alleges that Adam Levine, the chief of staff to CEO Steven Sugarman, began reporting illegal activity by the company’s employees in February 2023 to Sugarman and other executives and board members.

Loans 351
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New home sales jumped 20% in May, a 12.2% jump from April

Inman

In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price.

Sales 153
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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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Lender Toolkit and Reggora partner to streamline mortgage underwriting

Housing Wire

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders. “We’re elated to partner with Reggora’s modern appraisal management platform, which has a well-documented open API that makes integrations easy to maintain,” said Brent Emler , director of sales at Lender Toolkit. “While appraisals

Mortgages 312
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Zillow rolls out AI-powered ‘super listing’ tool

Inman

Listing Showcase is part of Zillow's new ShowingTime+ brand and is currently available to a select group of agents that partner with the portal giant, according to the company.

Branding 148
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What Are the Advantages and Disadvantages of Low HOA Fees?

RIS Media

When you move into a house in a homeowners association (HOA) neighborhood, you might want the fees they charge to be as low as possible. Buying a home is a significant expense, and you might want to reduce costs where you can. But are low HOA fees a good idea? You might assume smaller bills… The post What Are the Advantages and Disadvantages of Low HOA Fees?

As-is 145
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CoStar execs talk top new features coming to Apartments.com

Inman

"We can make the leasing agent’s job easier," an Apartments.com executive said as the company pushes the rental industry to modernize the lease-up experience.

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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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New York Residential Closed Median Sale Price Increases by 2.6% MoM

RIS Media

OneKey® MLS, the largest MLS in New York, has announced that residential, condo, and co-op sales transactions in the regional MLS coverage area saw a 2.6% increase in closed median sale price month-over-month from April to May 2023. OneKey® MLS, which provides monthly statistics for residential real estate transactions from Montauk to Manhattan, north through… The post New York Residential Closed Median Sale Price Increases by 2.6% MoM appeared first on RISMedia.

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The AI race is on in real estate

Inman

Don't overthink AI, and don't sleep on it. The potential for problem-solving the world's most intractable challenges is too great to ignore, writes Inman publisher Brad Inman.

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Huge Increase in New-Home Sales Sweeps Up First-Time Buyers

RIS Media

Adding to a slew of recent positive news around housing, the latest data shows new-home sales rising significantly in May, up a blistering 12.2% from the previous month and 20% year-over-year, as a steady real estate rebound continues to defy recession predictions. Every region saw significant increases in sales, with the Northeast in particular experiencing… The post Huge Increase in New-Home Sales Sweeps Up First-Time Buyers appeared first on RISMedia.

Sales 107
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How to reduce your income taxes legally using real estate investing

Inman

Tax strategist David A. Perez helps real estate investors plan ahead to minimize their tax burden. Here he shares his insights with author Bernice Ross.

Investor 147
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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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Inside a Very Rare Manhattan Gem

Sotheby's International Real Estate

An exceedingly rare find, this expansive triplex penthouse at 652 Hudson Street captures much of the unique, quintessentially vast and aerie-like quality that made the Meatpacking District so desirable. Atop a building that dates to 1900, it offers approximately 6,151 square feet of stylish space on two levels and an enviable rooftop sunroom and deck with a panoramic view.

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10 creative euphemisms for a sluggish real estate market

Inman

Although euphemisms and analogies are not the magic solution to a sluggish market, Darryl Davis writes, they can help make a difference in how you approach the situation.

Marketing 135
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April Home Prices Mark First Annual Decline in Over a Decade

RIS Media

The cooling effect of elevated mortgage rates and affordability challenges on home prices has held firm in recent months, as new reports show that the price tags for homes in the U.S. have seen their first annual decline in over a decade. According to the latest S&P Case-Shiller Index, home prices decreased 1.2% year-over-year in… The post April Home Prices Mark First Annual Decline in Over a Decade appeared first on RISMedia.

Mortgages 103
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The pros and cons of representing renter clients

Inman

Though renting may come with smaller commissions than selling, working with prospective tenants can still be a profitable part of your real estate business, Philadelphia Realtor Jonathan Pressman writes.

Agents 130
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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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United Real Estate Announces Second Strategic North Alabama Expansion

RIS Media

United Real Estate has announced its second expansion in Huntsville, Alabama, solidifying its position in the top three residential brokerages in the local market. United’s Leading Edge Real Estate Group, which joined United’s national network in 2022, and Huntsville-based Revolved Realty have merged operations. The combined companies and their 300 agents will operate as Leading… The post United Real Estate Announces Second Strategic North Alabama Expansion appeared first on RISMedia.

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Test triggering $2.3B in mortgage payments leads to $25M fine

Inman

ACI admits no wrongdoing in settling CFPB's first-ever enforcement action over the handling of consumer data in the processing of mortgage payments.

Mortgages 137
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Chicago Crib Team Founder Amplifies the Value of Authenticity, Collaboration and Relationships

RIS Media

With nearly a decade under his belt in the real estate industry, Tony Mattar has learned from some of the best agents in Chicago. Their mentorship and guidance led him to not only scale his business, but do so by building an authentic, collaborative and successful team. “I started a real estate team wanting to… The post Chicago Crib Team Founder Amplifies the Value of Authenticity, Collaboration and Relationships appeared first on RISMedia.

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New MLS-backed showing tool inks deal with 1st non-owner customer

Inman

New Mexico MLS — a statewide MLS with 1,150 agent, broker and appraiser subscribers — will likely launch Aligned Showings in either the fourth quarter of 2023 or the first quarter of 2024, according to MLS Aligned.

MLS 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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NAR Begins Search for New CEO

RIS Media

With CEO Bob Goldberg announcing his retirement effective at the end of 2024, the National Association of REALTORS® has formally launched a nationwide search for its next chief executive officer. NAR has outlined its intention to identify candidates with diverse backgrounds and experiences, both inside and outside of the real estate industry. Reporting to the… The post NAR Begins Search for New CEO appeared first on RISMedia.

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Discovering the key elements teams seek in a brokerage

Inman

In the latest Inman Access class, tech leaders and teams of different sizes share what team leaders and agents want from their brokerages and what attracts and keeps them with a brand.

Brokerage 122
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Win More Listings While Optimizing Your Earning Potential

RIS Media

For Suneet Agarwal—CEO of Best Sac Homes Group and Big Block Realty North in Sacramento, California—providing the most agent-centric platform in the country is the name of the game. And with Curbio, a leading pay-at-closing home improvement solution for sellers who want to sell fast and for the most money on their side, Agarwal and… The post Win More Listings While Optimizing Your Earning Potential appeared first on RISMedia.

Closing 102
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‘Wolf of Airbnb’ pleads guilty to earning $1M while stiffing landlords

Inman

Konrad Bicher pleaded guilty to one count of wire fraud after collecting $1.2 million renting out his apartments on Airbnb while not paying his New York City landlords, according to a statement.

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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.