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 527
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What agents need to know about commission rule changes

Real Estate News

As a part of its proposed settlement, NAR agreed to significant policy changes that will impact how all agents do business — and how buyer agents get paid.

Agents 358
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6 ways AI and blockchain will bring more deals to real estate agents

Inman

As the real estate industry continues to evolve, embracing the transformative potential of AI and blockchain technology to gain a competitive edge.

Agents 211
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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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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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Freddie Reports Surge in Multifamily Serious Delinquencies

Calculated Risk Real Estate

This is no surprise, but still a very large monthly increase in the delinquency rate. The multifamily rate increased recently as rent growth has slowed (and rents are falling in some areas), vacancy rates have increased, and borrowing rates have increased sharply. Freddie Mac reports that the multi-family serious delinquency rate increased sharply in January to 0.44% from 0.28% in December, and up from 0.12% in January 2023.

As-is 142
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Don't Be Fooled By The Inaccuracy of Zillow Zestimates

Realty Biz

In the digital age, Zillow has become a go-to platform for individuals looking to buy, sell, or assess the value of real estate. At the heart of Zillow's appeal is its incredible database of valuable real estate information. Unfortunately, one aspect of the site falls short. Their 'Zestimate' is an estimated market value for a home. Zillow provides an easy-to-use interface and immediate property value estimates.

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Housing Affordability Conditions Made Progress in January 2024

NAR: Economic Outlook

Housing Affordability Conditions Made Progress in Janua At the national level, housing affordability increased in January 2024 compared to the previous month, according to NAR’s Housing Affordability Index.

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Beyond the Headlines: Understanding How Proposed Changes in Real Estate Commissions Will Actually Impact You as a Buyer or Seller

Lighter Side of Real Estate

You’ve probably heard the news that there are changes coming in terms of how real estate commissions are paid. This might sound exciting and like a potential game-changer for you as a home seller or buyer, with headlines proclaiming things like: “Real estate commissions are being slashed!” “Selling your house will now be less expensive!” “No more paying 6% to real estate agents!

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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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Finally, some healthy housing inventory growth

Housing Wire

Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25% , something I couldn’t get all last year. Of course, what is different this year versus last year is that new listing data is growing yearly instead of trending at the lowest levels recorded in history. This is something I talked about last week on Yahoo Finance.

Mortgages 498
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Why is housing supply so low? Blame local zoning

Real Estate News

Two U.S. senators are pushing for policy changes that would reduce “exclusionary” zoning regulations and promote local development.

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60-day clock begins for brokerages seeking to opt into $418M NAR deal

Inman

Sitzer | Burnett plaintiffs on Friday asked the court to preliminarily approve the proposed deal. Brokerages and MLSs that were left out initially will have to take action by June 18 to be covered.

Brokerage 185
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Wallpaper Removal Cost Guide: DIY vs. Professional Removal

RIS Media

Removing wallpaper can rejuvenate or transform any space. Whether you’re updating your home’s look or preparing to put your house on the market. However, deciding between embarking on a DIY project or hiring professionals involves more than just time and effort. It’s also about understanding the costs involved. I will share my knowledge of the… The post Wallpaper Removal Cost Guide: DIY vs.

Marketing 131
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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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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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Should You Invest for Cash Flow or Appreciation? Let’s Reevaluate in an Era of High Interest Rates

Bigger Pockets

For real estate investors, the question of cash flow versus appreciation is as old as time. However, in an era of high interest rates, buying properties for cash flow isn’t easy.

Investor 115
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Unpaid rent in low-income housing skyrocketed, evictions may be next

Seattle Times Real Estate

Tenants in low-income housing are struggling to pay rent — or refusing, depending on whom you ask. Either way, the debt could hurt affordable housing long-term.

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Final Look at Local Housing Markets in March

Calculated Risk Real Estate

After the National Association of Realtors® (NAR) releases the monthly existing home sales report , I pick up additional local market data that is reported after the NAR. This is the final look at local markets in March. I’ve added a comparison of active listings, new listings, and closings to the same month in 2019 (for markets with available data).

Marketing 116
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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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4 Powerful and Dynamic Factors That Influence Real Estate Values

Realty Biz

The real estate market is a complex and dynamic arena where various factors interplay to determine home values. Understanding these factors is crucial for homeowners, investors, and industry professionals to make informed decisions. A myriad of components influences market trends in real estate. Some include but are not limited to supply and demand dynamics, interest rates, and broader economic indicators.

Investor 131
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The Share of All Cash Buyers Highest Since 2014 at 32% of All Buyers

NAR: Economic Outlook

The Share of All Cash Buyers Highest Since 2014 at 32% Since October 2022, all-cash home buyers who did not finance their recent home purchase have been more than one-quarter of the real estate market.

Finance 137
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8 Fun-Filled Things to Do in Tulare, CA if You’re New to the City

Redfin

Nestled in the heart of California’s Central Valley, Tulare is a charming city with a rich agricultural heritage and a warm, welcoming community. Living in Tulare means being surrounded by the breathtaking beauty of the Sierra Nevada mountains and enjoying a laid-back, small-town atmosphere. So whether you’re searching for apartments in Tulare , homes for sale , or are already a local, this Redfin article will be your guide.

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DOJ charges one of America’s top LOs in alleged mortgage fraud scheme

Housing Wire

Two former New Jersey -based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. Attorney’s Office, District of New Jersey according to an announcement by the U.S. Department of Justice (DOJ) and U.S. Attorney Philip Sellinger. Christopher Gallo has been noted as a top-producing loan originator, at one point being Scotsman Guide ‘s fourth-ranked LO in the country.

Mortgages 475
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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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These MLSs could be on the hook for $34 million

Real Estate News

The 30 broker-owned or hybrid MLSs not covered by NAR’s settlement agreement must decide whether to pay into a settlement fund, request mediation, or fight on.

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Sitzer judge grants preliminary approval for NAR settlement

Inman

Judge Stephen R. Bough ruled that the sweeping changes NAR agreed to were "fair, reasonable and adequate" and set a final approval hearing for November.

Brokerage 203
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How to Use Social Media to Help Sell a House

RIS Media

In today’s digital age, social media is not just a platform for social interaction but a pivotal tool in the real estate market. With billions of active users, platforms like Facebook, Instagram, LinkedIn, and TikTok offer fantastic opportunities for real estate agents to showcase their listings, connect with potential buyers and build their brands.

Branding 139
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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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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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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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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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Moody's: Apartment Vacancy Rate increased in Q4; Office Vacancy Rate in "Uncharted Territory" at Record High

Calculated Risk Real Estate

From Moody’s Analytics Economists Thomas LaSalvia, Lu Chen and Nick Luettke: Apartment and Industrial Changed Course, Office Entered Uncharted Territory, and Retail in Holding Pattern Construction has been a hot topic for multifamily sector, especially after a sluggish few years due to supply chain constraints and labor shortages. As Moody’s Analytics CRE tallies Q3 completion number Multifamily performance changed course in the fourth quarter with net absorption plummeted from an av

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Top Tips and Considerations For Buying Land

Realty Biz

Buying land represents a pivotal investment in one's future. Unlike purchasing a ready-made home, it offers the flexibility to design and build according to personal or business needs. However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

Land 130
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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.