Mon.Oct 07, 2024

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Despite challenges, dementia patients and caregivers prefer to age in place

Housing Wire

Despite additional challenges that may come with caring for an older person afflicted with dementia, both patients and their caregivers would prefer to age in place within the home of the patient. Both parties cite a desire to preserve the patient’s independence, and to avoid both concerning stories of congregate care facilities and the guilt that could come from transferring a loved one to a dedicated care center.

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Now’s the Time To Upgrade to Your Dream Home

Keeping Current Matters

If you’ve been wanting to sell your house and move up to a bigger or nicer home, you’re not alone.

Equity 265
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REcolorado wants to move past the drama of its sale. Its new participation agreement has reignited controversy

Housing Wire

Real estate professionals in Denver are unhappy with a new Participation Agreement that could limit their access to data shared with REcolorado, a local MLS (Image generated by AI in Midjourney) Denver real estate agents were shocked in June when the area’s two Realtor associations fired the board of directors of the local multiple listing service (MLS) and sold it to local real estate businessman Joseph Burks.

MLS 477
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Tech Bytes: Agent safety platform wins; DropOffer, Rayse rollouts

Real Estate News

Tether RE takes top spot in T3 Tech Summit Pitch Battle, DropOffer launches platform for off-market deals, Rayse platform goes live in 200 brokerages.

Agents 206
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Housing market recovery threatened by mortgage rate pop

Housing Wire

Home sales and home prices have been improving for several weeks. Unfortunately, this period could be fleeting, because we had strong economic news last week. Ironically, a strong employment situation in the country drives the bond market to higher rates. After the recent lows with mortgage rates this week, the 30-year fixed rate jumped back up over 6.5%.

Mortgages 477
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Homebuyer sentiment is up, but for how long?

Real Estate News

Consumers were considerably more upbeat about the housing market in September, but rising mortgage rates may put a damper on their enthusiasm.

Mortgages 212

More Trending

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eXp paying $34 million to settle commissions case

Real Estate News

The deal, which is not yet final, came in a Georgia case but covers similar lawsuits over agent compensation.

Agents 222
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Home purchase sentiment hits highest level in two years

Housing Wire

Consumer confidence toward purchasing a home increased in September to its highest level in more than two years due to the expectation of lower mortgage rates , according to Fannie Mae ’s Home Purchase Sentiment Index (HPSI). But that’s only an early sign that the market is shifting. Due to the expectation of rising home prices in some parts of the country, most consumers still think it’s not a good time to buy a home.

Mortgages 450
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5 takeaways from Zillow’s 2025 Consumer Housing Trends Report

Inman

Zillow recently surveyed over 5,000 buyers and 6,200 sellers to capture important information for our first annual Consumer Housing Trends Report for Agents.

Agents 187
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Minnesota targets right-to-list agreement firm MV Realty in new lawsuit

Housing Wire

MV Realty is facing more legal action, this time in Minnesota. The firm — which is now infamous for its right-to-list agreements — is being sued along with its Minnesota branch, MV Realty of Minnesota , and the companies’ shared executive, Amanda Zachman. Minnesota Attorney General Keith Ellison filed suit in late September in Ramsey County, charging MV Realty with unfair and deceptive trade practices.

Brokerage 450
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Zillow data says Showcase Agents win 20% more listings than similar non-Showcase agents

Inman

Zillow took their real estate marketing product, Zillow Showcase, nationwide earlier this year. However, 2024 has been a year like no other with changing interest rates and new industry standards.

Agents 174
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MBA promotes pair to bolster affordable housing, DEI initiatives

Housing Wire

The Mortgage Bankers Association (MBA) has announced two promotions within its leadership team. The trade group named Wendy Penn as vice president of affordable housing initiatives and Amber Lawrence as vice president of diversity, equity and inclusion (DEI). Penn and Lawrence join 12 other women on MBA’s executive leadership team. The association praised both executives for their leadership, commitment and drive to create affordable housing opportunities and inclusivity across the industry duri

Equity 450
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EXp agrees to pay $34M to settle antitrust commission lawsuits

Inman

The brokerage was the third-largest by sales volume in 2022 and one of a relative few holdouts who had yet to settle lawsuits targeting the old status quo for real estate commissions.

Brokerage 187
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eXp settles commission lawsuits for $34 million

Housing Wire

The top brokerage in the country by transaction side count, eXp Realty , has settled the commission lawsuits. The parent company of eXp Realty, eXp World Holdings , announced the settlement on Monday in a filing with the Securities and Exchange Commission (SEC). According to the filing, the firm officially settled with the Hooper suit plaintiffs on Oct. 1.

Brokerage 460
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Leaders in luxury: Kourtney Pulitzer

Inman

Kourtney Pulitzer, senior global real estate advisor at Sotheby’s International Realty — Palm Beach Brokerage has more than 25 years of experience across several industries, has made Palm Beach her home and works to help others do the same.

Brokerage 167
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Reverse mortgage leaders praise FHA engagement, back-end improvements

Housing Wire

Despite 2024 being a challenging year for sales volume, the reverse mortgage industry is still encouraged by the engagement of the Federal Housing Administration (FHA) on matters related to the Home Equity Conversion Mortgage (HECM) program, as well as attention to back-end loan issues from Ginnie Mae. This feedback came from a panel discussion of industry leaders that took place at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego at the end of Septe

Mortgages 469
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Glenn Kelman: It’s ‘game on’ for the 2025 housing market

Inman

In his latest CNBC appearance, Redfin CEO Glenn Kelman talked about mortgage rates, the lock-in effect, and how buyer-broker compensation changes are already impacting market dynamics.

Marketing 179
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Rocket hires Venmo CTO Papanii Okai to lead product engineering efforts

Housing Wire

Rocket Companies tapped Papanii Okai, who previously served as chief technology officer at Venmo , as its executive vice president of product engineering. Okai’s hiring, effective Monday, is the latest in a string of hires to the Detroit-based lending company’s executive team since Varun Krishna became CEO about a year ago. Krishna has invested in artificial intelligence (AI) designed to transform the homeownership journey.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Consumer housing sentiment hits 30-month high in September

Inman

More than 8 in 10 Americans still said it was a bad time to buy a home, and mortgage rates have been climbing again since Fannie Mae conducted the monthly National Housing Survey.

Mortgages 183
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Opendoor hires C-suite leaders in finance, technology roles

Housing Wire

In time for a fall homebuying season that could be busier than usual due to lower mortgage rates , Opendoor has made appointments to a pair of vital roles. The company announced that it has named Selim Freiha its chief financial officer, while Shrisha Radhakrishna assumes the title of chief technology and product officer. They’re both expected to begin work at Opendoor in November.

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Seven homesellers object to deals reached in Gibson commission suit

Inman

Sellers in the Gibson class-action suit filed objections Thursday to the dollar value of the proposed settlements, which include deals with Compass, Redfin and The Real Brokerage, among others.

Brokerage 186
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MoxiWorks poaches two more Onit veterans for leadership roles

Housing Wire

The Onit takeover of MoxiWorks appears to be ongoing, as the real estate technology firm has hired two more veterans from Onit to serve in leadership roles. Ben Tao was hired to be the company’s first chief marketing officer, while Jackson Mayes will join as chief of staff. The pair come to MoxiWorks from Onit with a bevy of experience in technology marketing and software-as-a-service (Saas) verticals.

MLS 436
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Rocket hires Venmo, PayPal vet to lead product engineering teams

Inman

Papanii Okai will help the mortgage giant harness artificial intelligence and build out fintech platform connecting its real estate, lending and personal finance subsidiaries.

Lending 174
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MBA, other stakeholders team up to address racial homeownership gap

Housing Wire

The Mortgage Bankers Association (MBA) on Monday announced the launch of a new initiative involving 12 other corporate stakeholders. The entities will seek to find potential solutions for closing the racial homeownership gap. The new initiative comes in the form of a group called the “CONVERGENCE Collaborative,” which is a “coordinated effort to identify and develop solutions to help close the racial homeownership gap,” according to an announcement published by MBA.

Title 436
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Agents see glimmer of hope in hard times: Client Pipeline Tracker

Inman

September's Fed decision may have sparked something agents haven't felt in months: a feeling that the tide may soon turn for buyer pipelines, according to the latest Inman Intel Index survey.

Agents 174
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IMB Summit: Mortgage M&A activity will rise in 2025, industry experts say 

Housing Wire

Dan Hanson of loanDepot speaks during a panel discussion at the HousingWire IMB Summit in Dallas on Oct. 1. (Photo courtesy of Willie & Kim Photography) Mortgage industry leaders expect more mergers and acquisitions (M&A) in 2025, fueled by declining interest rates and renewed market confidence after two years of what they describe as “modest activity.” “There’s definitely activity happening behind the scenes,” Brett Ludden, managing partner at Sterling Point Advisors , said

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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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Clear Cooperation: Challenges and solutions for agents

Inman

While it has its critics, according to former Realtor Oscar Mazaba, thoughtful modifications could ensure that the policy works as it's intended to while preserving client choice.

Agents 173
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Adapting to change: Innovation and transformation in loss mitigation

Housing Wire

We are seeing tremendous transformation within the loss mitigation space. Remedies for distressed borrowers previously limited to bankruptcy relief have seen significant expansion through the creation of FHFA , Dodd-Frank, and the CFPB. Hardships have been expanded to include weather disasters and the COVID-19 pandemic. More recently, we have seen an extension and expansion of loss mitigation remedies with VASP and related government programs, and on the immediate horizon, many changes to Regula

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The problem with positive thinking that nobody talks about

Inman

Embrace the full spectrum of thoughts — positive and negative — and you'll find a more profound sense of freedom and power in your career, author, coach and broker Aaron Hendon writes.

Agents 178
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ICE Mortgage Monitor: Insurance Costs "Spike", Especially in Florida

Calculated Risk Real Estate

Press Release: ICE Mortgage Monitor: Average Payment Hits All-Time High; Spiking Insurance Costs Rising at 3X the Rate of Principal, Interest, and Taxes The average monthly payment (principal, interest, taxes and insurance, or PITI) among active mortgages hit a record $2,070 in August; up $140 (+7.2%) from last year and $399 (+19.3%) since the start of 2020 Average PITI on loans originated in the last two years is $600 per month higher than that of 2020/2021 vintage mortgages, with two-thirds of

Mortgages 122
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.