Wed.Apr 12, 2023

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A Lucrativ Brokerage Begins With Effective Onboarding

Lab Coat Agents

Do you remember the first thing Facebook asked you to do when activating your account? Without exception, every response I’ve received has been either “add a profile picture” or “fill out your bio.” Both are wrong. The first thing you are asked to do is to “Add Friends,” and then to “Find Friends.” Only after that can you add your information. This is because Facebook identified that if you added 7 friends in your first 10 days, they would retain you as an active user.

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Better inflation data won’t sway the Fed

Housing Wire

The Consumer Price Index data released Wednesday showed again that the breakaway 1970s-style inflation is not happening, even with an expanding economy and an unemployment rate under 4%. The headline inflation data came in lower than anticipated. While we have made progress in cooling down the inflation data, which is running into tough year-over-year comps (and will for the rest of the year) don’t expect the Fed to pivot anytime soon.

Mortgages 465
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New auction marketplace puts a twist on how agents get paid

Real Estate News

Real estate consultant Rob Hahn is introducing a marketplace auction website that allows homeowners to sell without paying commissions.

Agents 279
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UWM revives its conventional 1% down mortgage loan program

Housing Wire

Top wholesale lender United Wholesale Mortgage (UWM) is yet again ramping up efforts to gain more market share at the cost of potential profits. On Wednesday, the Detroit-based lender announced that it is reviving the conventional 1% down loan option, which allows homebuyers to purchase a home with a 1% down payment. Known as the “Conventional 1% Down,” the product is essentially a 3% down mortgage in which UWM pays an additional 2% — up to $4,000 — on top of the borrower’s 1%

Loans 448
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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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Tech Bytes: News from Second City Ventures, RentSpree, more

Real Estate News

2023 REACH members announced, RentSpree partners with ABOR, Listing Media Services adds markets, Evocalize expands channels, SkySlope launches mobile app.

Marketing 264
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LendingPulse Q2 2023 survey: Mortgage pros share their biggest concerns, market outlook

Housing Wire

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. Roughly 30% of 155 respondents of the LenderPulse survey pointed to increased regulation, rising interest rates and inflation as the biggest challenge

Mortgages 406

More Trending

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New data reveals changing borrower preferences

Housing Wire

The current housing market is hard to describe, hard to predict and hard to navigate for borrowers, renters and lenders alike. The latest numbers are mixed. New data released in late March 2023 shows that US home prices — as measured by the seasonally adjusted Case-Shiller Home Price Index — fell for the seventh straight month in January. They are now 3% off their peak on a seasonally adjusted basis.

Finance 397
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LGBTQ+ Real Estate Alliance takes ‘Article 10 Rule’ campaign to Texas

Inman

In the wake of increasing anti-LGBTQ+ legislation in Texas, the LGBTQ+ Real Estate Alliance has called Texas Realtors and TREPAC to evaluate political candidates' credibility.

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The real estate industry battles the rising tide of email fraud

Housing Wire

Olufolajimi Abegunde, a Nigerian citizen living in Atlanta, and Javier Luis Ramos-Alonso, a Mexican citizen living in Seaside, California, were each convicted in 2019 in federal court in Tennessee of participating in a sophisticated international email-hacking scheme that bilked its targets out of hundreds of thousands of dollars. Among those targets were a Memphis-based real estate company and a title company in Washington state that combined were swindled out of more than $200,000 through the

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Homebuyer mortgage demand perks up as rates retreat

Inman

Homebuyer demand for purchase loans rose 8 percent last week even after adjusting for the expected seasonal boost from the spring homebuying season.

Mortgages 148
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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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WA Senate passes bill to lift ‘middle housing’ zoning restrictions

Housing Wire

Senate lawmakers in Washington passed a bill on Tuesday that would lift the restrictions on certain types of multifamily properties, called “middle housing,” in areas zoned for single-family housing in the midst of a statewide housing supply shortage. The term “middle housing” refers to duplexes, fourplexes and accessory dwelling units (ADUs), which have gained popularity in recent years.

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Housing costs remain stubbornly high despite relief on food, energy

Inman

The U.S. Consumer Price Index cooled to 5 percent in March compared to a year ago, but remained elevated overall despite efforts from the Federal Reserve to curb inflation, according to the Bureau of Labor Statistics.

Marketing 148
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Mortgage app volume climbs on heels of recent rate drop

Housing Wire

Mortgage rates tumbled downward by nearly 1% last week on the heels of a lackluster jobs report, which helped to spur renewed interest in mortgage loans by potential homebuyers. The uptick in mortgage applications was a welcome change for the struggling housing market, which has been plagued by affordability issues that have kept many would-be buyers on the sidelines.

Mortgages 396
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NAR selects 7 firms for its US real estate tech program, REACH

Inman

Flock, HighNote, Plus Platform, Prisidio, Real Grader, Summer and Tongo are the 11th class to participate in Second Century Ventures' REACH program, according to an announcement Tuesday.

MLS 148
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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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Inflation cooled further in March, but shelter costs are still high

Housing Wire

Consumer price increases cooled further in March, which is welcome news for the Federal Reserve , which made the challenging choice at its March meeting to continue with its federal funds rate hikes despite the failures of Silicon Valley Bank and Signature Bank. The Consumer Price Index (CPI) rose by 5.0% in March, before seasonal adjustment compared to one year ago, a dramatic decrease from the 6.0% year-over-year jump posted in February , according to data released Wednesday by the Bureau of L

MLS 390
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Better’s ‘One Day Mortgage’ product lifts off

Inman

New products and agent partnerships could help Better make the transition from a company known primarily for refinancing to a lender that serves homebuyers.

Mortgages 148
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Inflation Shows Further Signs of Cooling

Eye on Housing

Consumer prices in March saw the smallest year-over-year gain since May 2021 with a ninth consecutive month of a deceleration. While the shelter index (housing inflation) experienced its smallest monthly gain since November 2022, it continued to be the largest contributor to the total increase, accounting for over 60% of the increase in all items less food and energy.

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Restb.ai releases new option for automated property descriptions

Inman

Property Descriptions by Restb.

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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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Video of the Week: An Architectural Masterpiece in Vancouver, Canada

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week.  Vancouver, Canada | Sotheby’s International Realty Canada This residence was designed by award-winning Architect Nick Milkovich, whose vision was to create a private oasis for those who appreciate nature by integrating the natural landscape into the design.

Design 117
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As iBuyers struggle, agents rethink relationships with cash-offer kings

Inman

IBuyers like Opendoor and Offerpad once appeared poised to be an essential player in the nation's biggest housing markets. Now, real estate agents say their role has diminished dramatically.

Agents 148
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Mortgage Activity Increases as Rates Fall for 5th Straight week

Eye on Housing

Per the Mortgage Bankers Association’s (MBA) survey through the week ending April 7th, total mortgage activity increased 5.3% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell ten basis points to 6.30%. The FRM rate has fallen 41 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.

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Mike DelPrete weighs in on the rapid rise of The Real Brokerage

Inman

The company's transaction growth in 2022 was second only to eXp's. Here's what's fueling its rapid rise, and what to expect after its "exponential growth phase," according to analyst Mike DelPrete.

Brokerage 147
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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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How to Successfully Nail the Real Estate Listing Appointment

RIS Media

Curiosity can be a luxury real estate professional’s best tool, according to Michael Morrison, broker/owner of the highly successful Morrison House Sotheby’s International Realty firm in Seattle, Washington. He recently talked with trainer Tami Simms on our Estate of Mind podcast about how to find success with real estate listing appointments.

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RentSpree’s ApplyLink deployed by Austin Board of Realtors

Inman

Software company RentSpree continues making headway into its multiple listing service partnership strategy with its latest union: Austin Board of Realtors and its 20,000+ member MLS, the Austin/Central Texas Realty Information Service (ACTRIS).

MLS 113
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Broker Strategies: A United Front Wins Out

RIS Media

Above from L to R: Nichole Gubler, Kylee D’Eredita, Ernie “Big Ern” Becker and Denee’ Goebel. Photo Credit: Larry Laughter at Next Agent Up Ernie Becker Owner United Real Estate | Queen City Charlotte, North Carolina [link] Region served: Greater Charlotte Years in real estate: 10 Number of offices: 2 Number of agents: 82 What… The post Broker Strategies: A United Front Wins Out appeared first on RISMedia.

Agents 106
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Pulse: What’s the one ‘script’ you find yourself using most today?

Inman

Maybe you've got a collection of tried-and-true responses that you've used over the years, but this week we're asking: What's the one "script" you find yourself using most today?

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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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The Top 10 Suburbs That Feel Like City Living

RIS Media

The privacy and local nature of the American suburb has become much more desirable over the years, especially during and after the pandemic, but most still miss the energy and amenities of city life. Now, many suburbs are blurring their lines with cities, growing a lot more urban to attract more residents. But, where are… The post The Top 10 Suburbs That Feel Like City Living appeared first on RISMedia.

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10 Important People in the Home Buying Process

Windemere Buying

It takes a village to purchase a home. Though it’s ultimately you who is paying for the property, successfully purchasing a home is a result of several people’s contributions. It helps to know who these individuals are, how they responsibilities pertain to your home purchase, and when you’ll encounter them during your journey. Here are ten important people to keep in mind during the process of buying a home. 10 Important People in the Home Buying Process 1.

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RISMedia’s 2023 Real Estate Newsmakers: Meet the Futurists

RIS Media

In February, RISMedia named more than 300 real estate professionals as 2023 Real Estate Newsmakers. Each of these individuals—separated into six categories—was either nominated by you, the RISMedia reader, or chosen by our editors. RISMedia Newsmakers also made newsworthy contributions within their own communities or the industry as a whole and have dedicated their lives… The post RISMedia’s 2023 Real Estate Newsmakers: Meet the Futurists appeared first on RISMedia.

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How Much Are Closing Costs in Massachusetts? (And 5 Ways to Reduce Them)

HomeLight

Editor’s note: This post will help answer the question: How much are closing costs in Massachusetts (MA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. Massachusetts closing costs for homebuyers tend to run approximately 2.5% of the purchase price, and 1% for sellers, not including real estate agent commissions.

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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.