Sat.Mar 02, 2024 - Fri.Mar 08, 2024

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Why is housing inventory growing with higher mortgage rates?

Housing Wire

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. Of course, I have a different view. My podcast partner, Editor in Chief Sarah Wheeler, disagrees, along with many others. You can see our debate on this topic here.

Mortgages 533
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What To Know About Credit Scores Before Buying a Home

Keeping Current Matters

If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage.

Mortgages 276
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5 master-your-market steps to effective real estate branding

Inman

If you want to raise your profile and stay top of mind in your chosen market, luxury consultant Chris Pollinger writes, it requires crafting an effective and recognizable brand identity.

Branding 180
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Affordable homes sprouting more quickly as spring approaches

Real Estate News

Realtor.com’s February housing report shows inventory rising, especially in the South, and availability of homes priced between $200k-$350k increasing by 20.6%.

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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 fall as labor market normalizes

Housing Wire

Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline number beat estimates, but we have negative job revisions from previous months. The Federal Reserve ’s fear of wage growth spiraling out of control hasn’t materialized for over two years now and the unemployment rate ticked up to 3.9%.

Marketing 497
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The Benefits of Downsizing When You Retire

Keeping Current Matters

If you’re taking a look at your expenses as you retire, saving money where you can has a lot of appeal.

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More Trending

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Home flipper optimism continues to rise — for now

Real Estate News

The winter dip in mortgage rates gave a boost to first-time buyers and home flippers, a new report shows. Whether that continues depends on the Fed.

Mortgages 285
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First-time homebuyers made up a record share of agency purchase loans in 2023

Housing Wire

First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric. A record 47% of government-sponsored enterprise (GSE) purchase loans in 2023 came from first-time homebuyers, a number that’s been trending gradually higher throughout the past decade.

Loans 501
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Overflow Crowd Packs Gowanus Church for Rowdy Meeting Over Migrant Shelter

Brownstoner

Spaced elbow to elbow in Hoyt Street’s City Life Church Monday night, Gowanus locals aired their concerns at a community meeting on a migrant shelter for 400 men slated to open in a former factory building on 3rd Street. A vocal group dominated the meeting, heckling speakers and yelling snipes… Read More > The post Overflow Crowd Packs Gowanus Church for Rowdy Meeting Over Migrant Shelter appeared first on Brownstoner.

Marketing 132
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Luxury forecast: What lies ahead for high-net-worth buyers in 2024

Inman

Recent luxury forecasts from Coldwell Banker and Christie's International Real Estate show optimism in the market, and plenty of demand for new technology. Intel examines their findings.

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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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AI is so much more than ChatGPT — here’s what you need to know

Real Estate News

Products that just scratch the surface of what AI can do are giving real estate “a bad rap,” but there are ways to go deeper (without getting in too deep).

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Title industry: We contributed $30 billion to GDP in 2022

Housing Wire

The title insurance and settlement services industry directly generated $30 billion of U.S. gross domestic product (GDP) in 2022, according to a report commissioned by the American Land Title Association that was published on Wednesday. Additionally, the report, conducted by Ernst & Young’s Quantitative Economics and Statistics (QUEST) team, found that the title industry was also directly responsible for 155,000 jobs , and $13 billion and wages and benefits for those employed in the industry

Title 492
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Fed Chair Powell Affirms Rate Cuts Are Coming This Year as U.S. Moves Closer to 2% Inflation Goal

RIS Media

Federal Reserve Chair Jerome Powell on Wednesday signaled that rate cuts are coming this year, sticking to the Fed’s cautious script about slashing rates too quickly before it has a sustained handle on inflation. “In our pursuit of our dual mandate, the Federal Reserve remains steadfast in promoting maximum employment and stable prices for the… The post Fed Chair Powell Affirms Rate Cuts Are Coming This Year as U.S.

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Location, location, location? Price eclipses previous buyer priority

Inman

Fifty-six percent of consumers surveyed by Coldwell Banker said that price is the most important factor for them when choosing a home, compared to 50 percent who said location was most important, casting doubt on the seasoned advice that location is everything in homebuying.

Brokerage 179
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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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Mortgage rate dip leads to jump in activity

Real Estate News

Rates fell slightly this week, ending a four-week run of increases, and mortgage applications were up nearly 10%. Inventory and consumer sentiment are also up.

Mortgages 266
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Home equity remained near historic highs to end 2023

Housing Wire

Buoyed by a rise in home prices , U.S. homeowners with mortgages saw their home equity increase by 8.6% year over year in fourth-quarter 2023. Homeowners saw an average increase of slightly more than $24,000 compared to Q4 2022, adding up to a collective gain of $1.3 trillion, according to CoreLogic ’s newest homeowner equity report. Net homeowner equity totaled more than $16.6 billion at the end of 2023.

Equity 481
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New Bill in Congress Targets Real Estate Investors—Here’s Why This Could Be a Big Problem

Bigger Pockets

Another bill is targeting real estate investors—this time, with a goal to “help Main Street compete with Wall Street.” What's in the bill? And what are the consequences for investors if passed?

Investor 131
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How an FBI negotiator brought this agent back from burnout

Inman

Danielle Lazier was at the top of her game, but she was so burnt out, she was ready to quit. FBI negotiator Chris Voss' talk about tactical empathy and emotional intelligence changed everything.

Agents 176
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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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Realtor.com to expand rental listings — using Zillow data

Real Estate News

The home search rivals announced a syndication agreement allowing Zillow to be the exclusive provider of multifamily apartment listings on Realtor.com.

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Inventory is 19% higher than a year ago: Altos

Housing Wire

At HousingWire , we have a debate about whether home sellers will freeze up again this year as mortgage rates stay stubbornly high. We’ve had seller growth for 18 weeks in a row. I’ve previously been confident that trend will continue. A couple months ago, when rates were in the 6s still, I suggested that we could see 15% home sales growth this year.

Mortgages 481
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Open House Rules: Landing a Buyer While Gaining New Clients and Listings

RIS Media

It was after a distressing discovery that REALTORⓇ Jeffrey Decatur, a longtime broker associate with RE/MAX Capital, in Latham, New York, decided less is definitely more when it comes to open house food and drink offerings. “I am no longer a fan of food at open houses,” he asserts. “I used to have some kind… The post Open House Rules: Landing a Buyer While Gaining New Clients and Listings appeared first on RISMedia.

Land 126
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C21’s Mike Miedler speaks on the power of a ‘to-don’t’ list

Inman

The real estate conference season is heating up, as multiple real estate brands descend on Las Vegas to rally agents and brokers for what will undoubtedly be another challenging year. Century 21 is the latest brokerage to roll the dice in Sin City, with its annual One 21 Experience taking place in the Fontainebleau from Mar. 4 to 7.

Brokerage 176
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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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Real posts big gains in agent count, revenue and transactions

Real Estate News

Fourth-quarter revenue was up a whopping 89%, though net losses rose along with operating expenses.

Agents 293
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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

In remarks made Thursday to the Senate Banking Committee this week, Federal Reserve Chair Jerome Powell said he expects some U.S. banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. According to reporting by multiple outlets, including The Hill , Powell indicated that the risk is tied to small and midsized banks, and there is no systemic risk to the banking sector posed by the potential collapse of major institutions.

Banks 469
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Possible SUNY Downstate Closure Brings Healthcare Workers, Pols Out in Protest

Brownstoner

By Isabel Song Beer, Brooklyn Paper Healthcare workers and elected officials rallied Thursday outside of SUNY Downstate Medical Center in the latest protest against a “transformative plan” which could see SUNY shutter the East Flatbush hospital. Joined by fellow elected officials, Brooklyn faith leaders, numerous union representatives and hundreds of healthcare workers,… Read More > The post Possible SUNY Downstate Closure Brings Healthcare Workers, Pols Out in Protest appeared first o

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4 ways to ensure success as an agent in 2024 and beyond

Inman

Watch Shaun Osher on Inman Access as he shares his yearly success strategies, offering valuable insights and actionable advice to empower you to strive for success this year.

Agents 173
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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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Women Who Claim They Were Sexually Assaulted by eXp Recruiters Say Company Is Liable

RIS Media

Four women who are suing eXp, along with former and current influencers at the company, recently amended their lawsuit with more details about several sexual assaults allegedly carried out by influencers at eXp events, along with reiterating arguments that the company is culpable for the behavior—and misconduct—of agents who act as recruiters. Filed late last… The post Women Who Claim They Were Sexually Assaulted by eXp Recruiters Say Company Is Liable appeared first on RISMedia.

Agents 122
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Treasury’s new housing plan includes redirected COVID-19 funds to boost affordable supply

Housing Wire

The U.S. Department of the Treasury on Tuesday announced a series of new initiatives designed to increase the supply of affordable housing across the country. There are three core provisions of the plan. They include the reallocation of funds originally earmarked for relief from the economic impacts of the COVID-19 pandemic for affordable housing construction, as well as new provisions for the 2021 American Rescue Plan (ARP) Emergency Rental Assistance (ERA) program to clarify the use of such fu

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Why Spring Is the Best Time to Buy a Home

Coldwell Banker

Spring is widely recognized as the best time to buy a home, and it’s not hard to see why. The season is all about fresh starts and new beginnings, which feels just right when you’re about to make a big decision like purchasing a new home. Learn why now could be the right time to […] The post Why Spring Is the Best Time to Buy a Home appeared first on Coldwell Banker Blue Matter.

As-is 119
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7 strategies to master cross-platform marketing

Inman

Luxury consultant Chris Pollinger walks you through the steps to create a cohesive and integrated marketing strategy that leverages a variety of channels for more effective engagement.

Marketing 173
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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.