April, 2024

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GSEs will not count buyer agent commissions as IPCs

Housing Wire

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees.

Agents 530
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How are agents paid? Don’t ask buyers

Real Estate News

More than a quarter of consumers surveyed by Redfin don’t know how much their agent was paid, while nearly 20% weren’t sure who provided the compensation.

Agents 315
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Should I Wait for Mortgage Rates To Come Down Before I Move?

Keeping Current Matters

If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action.

Mortgages 249
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Industry gets some clarity on mortgage commission rules

Inman

Fannie, Freddie and FHA say sellers can continue to pay the buyer's agent's commission. But it remains to be seen if buyers will be allowed to finance their agent's commission into their mortgage.

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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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Windsor Terrace Locals Want a Shorter, More Affordable Arrow Linen Project

Brownstoner

Locals called for proportional and contextual development in Windsor Terrace -- rather than high-rises that could set precedent for the neighborhood and beyond -- at a heated community meeting on a proposed 13-story development on Tuesday night. More than 200 residents from Windsor Terrace and surrounding neighborhoods packed Shepherd’s Hall… Read More > The post Windsor Terrace Locals Want a Shorter, More Affordable Arrow Linen Project appeared first on Brownstoner.

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Inflation Stays Hot as Housing Cost Growth Persists

Eye on Housing

Consumer prices continued to rise in March, with shelter and gasoline prices driving over half of the total increase. This marks the third consecutive strong reading. Despite a slowdown in the year-over-year increase, shelter costs continue to put upward pressure on inflation, accounting for over 60% of the total increase in all items excluding food.

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DOJ can reopen its investigation into NAR, appeals court rules

Real Estate News

Ruling could lead to further changes in industry practices by allowing the Department of Justice to revisit an antitrust case originally settled in 2020.

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Builders Are Building Smaller Homes

Keeping Current Matters

There’s no arguing it, affordability is still tight.

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LA nets biggest deal yet this year at $62.8M for spec mansion

Inman

The European-style home is located in the Hollywood Hills' coveted Bird Streets. The sale marks a breakthrough for a market that's been crippled by high interest rates and a mansion tax.

Sales 183
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City Releases Detailed Plan for Controversial Housing Zoning Changes

Brownstoner

Taller residences, less parking, and more infill buildings will be allowed in New York City if the mayor’s City of Yes for Housing Opportunity zoning changes go ahead as planned. The draft text for the proposal was released today by the NYC Department of City Planning, the final installment in… Read More > The post City Releases Detailed Plan for Controversial Housing Zoning Changes appeared first on Brownstoner.

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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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Amid Seattle growth debate, map shows walkable neighborhoods in King County

Seattle Times Real Estate

Nat Henry wanted to know where he could build his life around walking and biking. Turns out a lot of other people were wondering about 15-minute neighborhoods, too.

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Gen X is already looking for housing appropriate for aging in place

Housing Wire

Baby boomers are exhibiting an overwhelming desire to age in place in their own homes, but their children — largely members of Generation X — are also making their desires felt by seeking out homes that can accommodate their needs as they get older, according to a recent report from the New York Times. Citing 2021 data from the Harvard University Joint Center for Housing Studies that showed 88% of adults 65 and older are aging in place, many members of the following generation — primarily born b

Equity 491
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Commissions won't count against limits, Fannie and Freddie say

Real Estate News

The federal finance giants clarified their policies, confirming that buyer agent compensation won't be applied to concession limits.

Finance 279
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The Best Week To List Your House Is Almost Here

Keeping Current Matters

Are you thinking about making a move?

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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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30 listing lead generation ideas for a post-NAR settlement market

Inman

If you want to build the listing side of your business in the wake of the NAR settlement, Jimmy Burgess has 30 practical, actionable, doable strategies tailor-made for this moment.

Marketing 191
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Op-Ed: The Truth About Home Prices and Real Estate Commissions

RIS Media

Given the recent proposed settlement agreements and accompanying media hoopla, it is time for the voice of factuality to be heard. Now we must even combat misleading presidential pronouncements, such as this from a March 19, 2024, news conference: “…last week the National Association of Realtors agreed for the first time that Americans can negotiate… The post Op-Ed: The Truth About Home Prices and Real Estate Commissions appeared first on RISMedia.

As-is 120
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State GOP chair files 3 new initiatives to WA voters

Seattle Times Real Estate

If successful, the three initiatives could join an already crowded November ballot in Washington, including three other GOP-backed petitions.

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Reuters: Reverse mortgages can help caregivers avoid ‘raiding’ savings

Housing Wire

As older people increasingly express their preference to age in place in their own homes, family members will oftentimes be required to provide some semblance of care for their loved ones in later life. Caregiving challenges can be compounded if there’s only one child in the family, but a reverse mortgage could offer a solution, according to a column published by Reuters.

Mortgages 442
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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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Northeast and Midwest markets are still sizzling hot

Real Estate News

The regions continue to see significant price growth and elevated buyer activity, but national price growth is expected to slow this year as supply increases.

Marketing 285
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Historic Crown Heights School to Be Converted to Family Shelter

Brownstoner

A 19th century racially integrated school in what was once the free Black community of Weeksville but is now Crown Heights will not become affordable housing as planned after all, but instead will be converted into a homeless shelter. A Brownstoner reader who noticed new windows had recently gone in… Read More > The post Historic Crown Heights School to Be Converted to Family Shelter appeared first on Brownstoner.

As-is 124
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AJ Canaria Creative Services joins LeadingRE Solutions Group

Inman

Global real estate network Leading Real Companies of the World (LeadingRE) has added photography services provider AJ Canaria Creative Services to its Solutions Group, a family of industry vendors it champions to its 550 members.

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The Psychological Aspects of Selling a Home: How to Stay Positive and Motivated

RIS Media

Selling a home is more than a financial transaction; it’s an emotional journey. This process can stir up feelings, from excitement about prospects to sadness over leaving memories behind. Understanding and managing these emotions is crucial for staying motivated and positive. I will examine the psychological aspects of selling a home. You will see my… The post The Psychological Aspects of Selling a Home: How to Stay Positive and Motivated 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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Mortgage Rates Soar to Highest Level Since November

Marco Santarelli

For prospective homeowners and those looking to refinance, the latest news on mortgage rates may not be the most reassuring. As of April 17, 2024, rates on 30-year mortgages have experienced a significant surge, reaching their most expensive level since late November. This sudden increase has caught the attention of both industry experts and potential buyers alike.

Mortgages 109
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Opinion: Is the industry positioned for a mass exodus of real estate agents?

Housing Wire

In the wake of the recent NAR settlement , coupled with persistently sluggish home sales and high interest rates , real estate agents find themselves at a crossroads marked by uncertainty and unease. Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing. However, with many agents feeling uncertain about their futures, a potential mass exodus from the industry may be looming.

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James Dwiggins: Industry innovator, podcast provocateur

Real Estate News

The CEO of NextHome, founder of Rayse and co-host of an “unfiltered’ podcast isn’t shy about sharing his thoughts on the agent value prop, tech and NAR.

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Historic Crown Heights School to Be Converted to Family Shelter

Brownstoner

An early racially integrated school in what was once the free Black community of Weeksville but is now Crown Heights will not become affordable housing as planned after all, but instead will be converted into a homeless shelter. A Brownstoner reader who noticed new windows had recently gone in tipped… Read More > The post Historic Crown Heights School to Be Converted to Family Shelter appeared first on Brownstoner.

As-is 122
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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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Conquer the 2024 housing market: Expert insights at your fingertips

Inman

Tune in for an engaging discussion surrounding the latest trends, predictions and insider knowledge on the 2024 housing market to help you make informed decisions with confidence.

Marketing 181
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How to Assess the Financial Stability of an HOA

RIS Media

Understanding a Homeowner Association’s (HOA) financial stability is crucial for maintaining property values and ensuring residents’ high quality of life. Key examination elements include reserve funds, special assessments and financial planning. Reserve funds cover significant repairs and replacements, special assessments address unforeseen expenses and financial planning ensures long-term stability.

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BiggerPockets Investigates: Did Western Wealth Capital Cost Investors Thousands of Dollars?

Bigger Pockets

How did this syndicator, with all of its promise and potential, fall from grace after several investors claimed they were burned? BiggerPockets set out to find out what went wrong, how it went wrong, and what it means to other investors.

Investor 116
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As a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?

Housing Wire

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. If this scenario unfolds, analysts and executives will be ready to update their baseline expectations for 2024, including fewer refinance and purchase loans than previously forecast.

As-is 439
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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.