Sat.Dec 30, 2023 - Fri.Jan 05, 2024

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Brad Inman: ‘Unsung hero of real estate’ is the small broker-owner

Inman

More than 80 percent of real estate agents work for small brokerages with fewer than 25 agents, and the average is seven, Brad Inman writes. But their might was on full display in 2023.

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What Are Seller Concessions in Real Estate?

RIS Media

When buying or selling a home, you must remember various financial considerations. One such aspect is seller credits, which can play a significant role in real estate transactions. Seller credits, or concessions, are essential for buyers and sellers to understand. They are financial incentives homesellers offer buyers as part of the closing process.

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10 Rules of Successful Real Estate Investing

Marco Santarelli

I came up with the following rules of successful real estate investing over my many years of successes and failures. These are the same rules I follow today and share with our clients at Norada Real Estate Investments. 10 Rules of Successful Real Estate Investing 1. Educate Yourself Knowledge is the new currency. Without it you are doomed to follow other people’s advice without knowing if it’s good or bad.

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3 Keys To Hitting Your Homeownership Goals in 2024

Keeping Current Matters

If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus.

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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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‘Silver tsunami’ could have a bigger impact on 2024’s housing market: analyst

Housing Wire

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he other major demographic trend you see is the aging of America,” Whitney said.

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With Mortgage Rates Set To Drop, Will This Be the Year Sellers Come Back? Here’s What the Data Says

Bigger Pockets

Mortgage rates have been on the decline and are expected to keep falling. What does that mean for inventory and home seller attitudes this year? Here's what you need to know.

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Affordable Housing Lottery Opens for Fort Greene Apartments Starting at $910 a Month

Brownstoner

An affordable housing lottery has launched for 87 apartments in a new development on Fort Greene’s South Portland Avenue. The site formerly belonged to an orphanage and is now among a row of church-owned properties. The 13-story Hanson Place Community Plaza development at 142 South Portland Avenue has 104 units total.… Read More > The post Affordable Housing Lottery Opens for Fort Greene Apartments Starting at $910 a Month appeared first on Brownstoner.

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What Does ‘Under Contract’ Mean on a Home Listing?

HomeLight

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” Crestfallen, you move on and hope you’ll find an equally amazing home. But what does “under contract” mean in real estate? Can you still make an offer on a home that’s “under contract”? In this post, we’ll explain the “under contract” listing status tag.

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Frequently Asked Questions About House Appraisals With Answers

Realty Biz

One of the more researched topics in real estate is appraisals. There are numerous questions that buyers frequently ask real estate agents or through online searches. Whether you are buying or selling a home, it is essential to have a firm grasp of home appraisals. Property valuations can have significant impacts on prospective homebuyers and homeowners.

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Housing inventory defied all predictions in 2023

Housing Wire

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow. Those reading the tracker would have understood why the housing market dynamics shifted on Nov. 9, 2022, and they’ll be ready for what’s coming next.

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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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NAR lost 26,000 members in 2023

Real Estate News

Membership fell by more than 17,000 from November to December, and the association posted its first annual decline in more than a decade.

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Thinking About Buying a Home? Ask Yourself These Questions

Keeping Current Matters

If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market.

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49% of agents sold either 1 home or none at all in the past year: CFA

Inman

Agent "glut" means part-timers are now the majority, leading to "widespread incompetence and pressure to maintain high commission rates," according to the Consumer Federation of America.

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Are we seeing cracks in the labor market?

Housing Wire

Slowing job growth doesn’t mean a recession, but today’s jobs report tells me that the significant job gains we were accustomed to in the early part of the COVID-19 recovery period are ending, which ties nicely to how I thought labor would recover after COVID. Even though the headline number on the report today beat estimates, we are entering a new phase of the economic cycle, which means you need to know where to look to get clues for a recession.

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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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What higher sales numbers could mean for the year ahead

Real Estate News

MoxiWorks predicts home sales will increase 8% year-over-year in January, which could bolster economist predictions of a rebound in 2024.

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Why Pre-Approval Is Your Homebuying Game Changer

Keeping Current Matters

If you’re thinking about buying a home, pre-approval is a crucial part of the process you definitely don’t want to skip.

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What the biggest names in real estate really thought of 2023

Inman

Fourteen of the real estate industry's biggest leaders shared their thoughts on rising mortgage rates, slowing sales, antitrust suits, National Association of Realtors drama, and several other headline-making stories along with their hopes for the new year.

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G-Rate sues NAF over poaching, alleges violation of LO comp rule 

Housing Wire

Top-10 mortgage lender Guaranteed Rate has filed a lawsuit against retail rival New American Funding over poaching. But this isn’t your standard poaching lawsuit: G-Rate alleges that NAF has wooed at least 30 employees since early 2023 via illegal loan officer compensation practices. Despite the rise in poaching lawsuits in a competitive market, it’s the first time a large lender has publicly accused a competitor of violating the LO comp rule by allowing their salesforce to manipula

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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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Trends 2024: Howard Hanna keeps its eye on the prize

Real Estate News

The family-run company may not project the flashy style of some other firms, but it offers substance, with a successful growth strategy and continued momentum.

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Things To Consider If Your House Didn’t Sell

Keeping Current Matters

If your listing has expired and your house didn’t sell, it's completely normal to feel a mix of frustration and disappointment.

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Robert Reffkin relinquishes stock unit awards for $7M cash bonus

Inman

An SEC filing showed the Compass CEO is letting go of $25 million in performance-based restricted stock unit awards in exchange for something a bit more tangible. His salary is also going up to $900,000.

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HousingWire to host commission lawsuit debate between Ketchmark and Lamacchia

Housing Wire

On Jan. 26, HousingWire will host a virtual debate between Michael Ketchmark, the plaintiffs’ attorney in the Sitzer/Burnett commission lawsuit, and Anthony Lamacchia , CEO of Lamacchia Realty and an outspoken advocate for Realtors, to discuss the arguments and the outcome of the trial. The recent landmark decision in the Sitzer/Burnett case included multi-billion dollar penalties for the National Association of Realtors , HomeServices of America and Keller Williams and spawned more tha

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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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Agents will play ‘crucial’ role as AI streamlines real estate

Real Estate News

The impact of artificial intelligence covers a wide range of territory — from consumer engagement to property valuation — as the real estate landscape shifts.

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Is an Escalation Clause a Good Idea When Buying a House?

RIS Media

Have you been trying to buy a home for months without any luck? Do you find yourself constantly losing out to other buyers? Have you made several offers on houses? Over the last several years, potential buyers have faced an extremely challenging environment. Few houses and high demand lead to a significant percentage of bidding… The post Is an Escalation Clause a Good Idea When Buying a House?

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Glennda Baker: Think you have a drinking problem? You probably do

Inman

Armed with the latest research, Rachael Hite talks with Glennda Baker about choosing sobriety in an industry that is always ready to party and why drinking is so harmful for women.

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What agents need to know about the impact of interest rates on the real estate market

Housing Wire

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. Lower interest rates make mortgages more accessible, paving the way for more buyers into the market and potentially resulting in increased demand and higher prices.

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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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Buffalo is best in 2024, but the Buckeye State dominates

Real Estate News

Zillow predicts some of the hottest markets for price growth and home sales will be those in the Great Lakes region, with three Ohio cities in the top 10.

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4 Things Real Estate Appraisers Say Your Sellers Must Know

RIS Media

Deciding what price sellers should ask for their house is an inexact science. Everyone wants the most money, of course, but listing too high may limit the number of buyers willing to make an offer. Comps won’t always provide the right number, as professional home appraisers say owners often don’t take into account some subtle… The post 4 Things Real Estate Appraisers Say Your Sellers Must Know appeared first on RISMedia.

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And the biggest news of 2023 is … Inman’s top 10 stories of the year

Inman

Because we're sure you remember these stories all too well, we'll just get to it without further ado. Here are the top news stories of 2023, ranked by readership.

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Older Americans could become their children’s ‘biggest expense’ in coming years, says aging advocate

Housing Wire

The seniors who are often the parents of Generation X and Generation Y ( millennials ) could become a pronounced expense for their kids in the coming years, but adult children also want to see their parents successfully age in place. This is according to a commentary from Sarita Mohanty, president and CEO of elder financial advocacy organization The SCAN Foundation in a commentary published by Fortune.

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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.