Fri.Apr 29, 2022

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Redfin settles Fair Housing Act lawsuit

Housing Wire

Redfin must revamp its business – including eliminating a minimum home price for service – in order to serve more non-white homebuyers. That was but one prong of a multifaceted agreement that Redfin and 10 different fair housing advocacy groups filed at a Seattle federal courthouse Friday. The deal probably ends a lawsuit that the National Fair Housing Alliance and like-minded groups filed 18 months ago accusing the brokerage and popular real estate listings website of offering services in predo

Brokerage 384
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How To Get Your House Ready To Sell Checklist: Inside And Out

HomeLight

When it comes to getting your house ready to sell, Maryland real estate agent Bob Lucido likens it to putting yourself on a dating site. “We want people to fall in love with the house and that starts from the outside, every component,” says Lucido. “First impressions make a ton of impact to a potential buyer, so what we do is critique the exterior thoroughly but don’t overdo it.”.

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Here’s an inside look at local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Conway, Arkansas. Some might call Conway, Arkansas, a bedroom community of Little Rock — the state’s capital.

Marketing 384
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Luxury Real Estate Headlines: Final Week in April 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Okatie, South Carolina | Jack Huguley, Daniel Ravenel Sotheby’s International Realty . A sprawling southern estate on a private South Carolina island has come on the market for $10 million. Private Island Retreat in South Carolina Lists for $10 Million – Mansion Global.

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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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Mr. Cooper lays off workers as originations nosedive

Housing Wire

Add Mr. Cooper Group to the list of mortgage originators and servicers reducing staff: pink slips arrived for 250 employees in the first quarter, as the company faced declines in the earnings from loan originations. And the company is forecasting a few tough origination quarters ahead. “While the mortgage industry experienced record high origination volumes in recent years and resources were scaled up to meet consumer demand, the industry now faces higher interest rates leading to lower originat

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PODS Names Sarasota Top Location for Moves in United States

Dwell Real Estate

National moving company PODS has put Sarasota at the top of its rating of the country's most desirable locations. Sarasota had the highest ratio of move-ins verses move-outs of PODS customers from January 2021 to March 2022, beating out Dallas-Fort Worth, Nashville and Tampa, according to a news release on the PODS data. "Sarasota, Florida, saw the highest number of move-ins during 2021 and, so far, in 2022.

Marketing 105

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Best Facebook Groups for Real Estate Appraisers

McKissock

Engaging in online forums and social media groups for real estate appraisers can be a great way to keep up-to-date on industry news , ask questions, connect with other appraisers, and even get referrals. But with so many options out there, it may be difficult to determine which groups are worth joining. To help you narrow it down, we asked our appraisal community, “What’s the best Facebook Group for real estate appraisers?

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Opinion: the beginning of the mortgage ice age

Housing Wire

Planet Earth has has gone from a ball of molten rock to ice, and then, to the climate we have today. Just like Earth, mortgage rates and housing markets are cyclic and we’re heading into another Ice Age. Find me a sales meeting in the U.S. that didn’t talk about the cycle. There is a broker in charge talking about the spring buying season and an elder mortgage sales manager talking about some interest-only (IO) loan or ARM from 1990 that was 8%.

Mortgages 370
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Tenants of Greenbrook Partner Properties Organize Against Rent Hikes

Brownstoner

The tenants of buildings scooped up by a private equity-backed landlord that subsequently jacked up rents are organizing to prevent any further displacement among their renters, and are hoping to get a major bill passed in Albany to prevent similar property owners from doing the same to others. Greenbrook Partners has… Read More > The post Tenants of Greenbrook Partner Properties Organize Against Rent Hikes appeared first on Brownstoner.

Equity 101
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Total Expert team members give back after Hurricane Ida

Housing Wire

Total Expert team members took a trip to Louisiana earlier this year to help the New Orleans Area Habitat for Humanity organization. In partnership with the nonprofit , the team was able to rebuild a home that was destroyed by Hurricane Ida, a Category 4 Atlantic hurricane that made landfall in Louisiana at the end of August last year. “It’s pretty incredible what you can accomplish when a team of people band together,” said Corinne Seltz, leadership and development manager at Total Expert.

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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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Experts Say Elevated Gas Prices Pose Additional Burden on Buyer Preferences

RIS Media

As rising inflation continues to send ripples throughout the U.S. economy, consumers nationwide are left shouldering the additional cost of goods and services, which have strained their monthly budgets. This has been particularly evident at the gas pump as the cost of a fill-up has surged in recent months. The price of gasoline and energy was one of the most significant factors that drove inflation to levels not seen since December 1981.

Finance 98
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A Beverly Square West Standalone and Three More to See This Weekend, Starting at $1.389 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Beverly Square West, Sunset Park, Kensington and East Flatbush. They range in price from $1.389 million to $2.895 million. In Beverly Square West -- the Victorian Flatbush neighborhood between Prospect Park South and Ditmas Park -- an early… Read More > The post A Beverly Square West Standalone and Three More to See This Weekend, Starting at $1.389 Million appeared first on Brownstoner.

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The Great Resignation Isn’t a Threat for Top Real Estate Brands

RIS Media

In a time when the Great Resignation has posed a threat to many American workplaces, and competition for exceptional agent talent is substantial, the real estate industry may not be experiencing an exodus of current sales agents, according to Coldwell Banker Real Estate’s , annual agent priorities report. The report, conducted by Quester among agents and brokers across top national real estate brands, aims to keep a finger on the pulse of what real estate professionals value in their careers.

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Friday Flash: The monster under the bed

1000Watt

There’s a lot not being said about the monster hiding under the industry’s bed right now. . Andrea Brambila at Inman is doing a great job reporting on the litigation and regulatory developments threatening to restructure real estate, but that’s not what I mean. . I mean that no big industry players are talking about this publicly. They can’t, really.

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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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Don’t Be That Person With Email Marketing

RIS Media

Good agents know that it’s essential to connect with their audience, keep them engaged, and provide helpful content that resonates. Great agents actively nurture their sphere of influence through email marketing. There are definite dos and don’ts for email newsletters. It’s frustrating to put time and effort into an email blast that goes unopened. DO employ patience: According to current email marketing stats, bringing a client to a transaction takes between 7 and 13 touch-points.

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Daily Links: Tenants Are on the Move as NYC Rents Continue to Rise

Brownstoner

In the News How to Get Covid Treatments in New York City [NYT] At a Bed Stuy Brownstone, an Easter Dinner That Bucked Tradition [NYT] Romantic NYC Brownstone From ‘Moonstruck’ Sells With $11 Million Ask [NYP] City Council Bill Seeks to Reopen More Public Bathrooms Across NYC [AmNY] Industry City Brings Freelancers Union to Brooklyn… Read More > The post Daily Links: Tenants Are on the Move as NYC Rents Continue to Rise appeared first on Brownstoner.

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Mortgage Application Payments Jumped 5% in March

RIS Media

Increasing mortgage rates led to a decline in homebuyer affordability in March, with the national median payment applied for by applicants rising 5.0% to $1,736 from $1,653 in February, according to the Mortgage Bankers Association’s (MBA) new Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time—relative to income—using data from MBA’s Weekly Applications Survey (WAS).

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Coldwell Banker Ranked Higher Than Any Other Brand In Agent Satisfaction

Coldwell Banker

Annual Report Reveals Agent Sentiment & Ranks Their Priorities. The post Coldwell Banker Ranked Higher Than Any Other Brand In Agent Satisfaction appeared first on Coldwell Banker Blue Matter.

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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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Annual Study Updates Best States for Middle Class

RIS Media

While the middle class, generally characterized as households that earn approximately two-thirds to two times the median national income, historically has been the largest economic group in the U.S. and currently remains so, its numbers have steadily declined year-over-year, a new report is discussing. Still, some parts of the U.S. are better suited to this socio-economic group than others, and a new study out by SmartAsset takes a look at data on metrics related to income, jobs and homeownershi

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Mortgage and refinance rates today, April 29, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday, bouncing back toward their highest level since 2009. Don’t believe Freddie Mac’s claim that mortgage rates inched lower over […].

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Just Released: RISMedia’s Exclusive Report: Social Media & Digital Marketing Trends for 2022

RIS Media

RISMedia has announced the release of its latest report, RISMedia’s Social Media & Digital Marketing Trends for 2022. The report , a Premier member-exclusive, examines why in today’s competitive market, a sound social media strategy is a must-have for real estate success. It explores how taking a clear and deliberate approach not only promotes an agent’s brand and business, but also expands their entire network, from leads to prospects to professional peers.

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Trouble Paying Your Rent on Time? Get Circa.

Realty Biz

Circa (formerly EppoPay) raised $2M from investors, including Maine Venture Fund, Techstars, Hub Investment Group, etc. Of course, that’s nothing compared to similar startups. However, Circa is different and worth it — it actually serves a purpose, introducing a new rent model. With Circa, renters have options beyond forking late fees under the threat of eviction.

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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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10 Reasons to Join Your Peers in Washington this September

RIS Media

More than 500 of real estate’s most influential leaders will be gathering in the nation’s capital this September 6-8 for RISMedia’s 33rd annual CEO & Leadership Exchange, taking place at the famed Mayflower Hotel in Washington, D.C. The time-honored event convenes the industry’s best minds to collectively chart a successful path forward, more important than ever in today’s volatile landscape.

MLS 98
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What is the difference between B2B and B2C e-commerce?

Realty Biz

Is your business selling products online, or are you considering it? If this is true, your website is your most valuable marketing asset. Before you begin any other type of advertising, ensure that your website is designed to convert. As a result, depending on your audience’s demographics, the technique you choose to increase conversions may vary dramatically.

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CoStar Reveals Strong Q1 Earnings, Aims at Rents and Residential

RIS Media

CoStar reported strong Q1 earnings this week, as the commercial real estate conglomerate saw its stock spike following a 13% year-over-year revenue increase at $516 million, beating projections. “We are off to an outstanding start to 2022 with our best sales quarter ever,” said Andrew C. Florance, founder and CEO of CoStar Group, in a statement. “Both revenue and profit in the first quarter of 2022 were ahead of forecast and we are raising our guidance for the year.”.

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The Right Choice: SelectingThe Right Tenant For Your Rental Property

Realty Biz

Being a property manager or landlord comes with a lot of responsibility. Not only do you have to maintain the property and keep up with repairs, but you also have to screen tenants to find the right fit for your rental. The process of screening tenants can be daunting, but it is important to take your time and make sure you are making the best decision for both you and your property.

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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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MoxiWorks Furthers MLS Expansion With New VP

RIS Media

MoxiWorks has announced that Troy Rech has joined the company as vice president of MLS Sales. Rech’s responsibilities include heading up the MLS sales arm of MoxiWorks and working with local and state REALTOR® associations. Prior to joining MoxiWorks, Rech’s 20-year career in the MLS space included roles as chief growth officer for Bright MLS, the senior sales leader for CoreLogic’s Real Estate Solutions Group and co-founder of Clareity.

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9 Alternatives to Zillow When Buying or Selling a Home

HomeLight

If you’ve ever been involved in a conversation about home prices and real estate, chances are, you’ve heard of Zillow. Much like other online platforms created in the late 1990s and early 2000s — think Amazon which primarily sold books and Facebook which was only available to college students — what began as a specialized site has grown into something much larger that now includes home loans, closing services, and Zillow Premier Agents.

Agents 91
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RE/MAX Hits Revenue, Agent Recruitment Targets

RIS Media

With 25.9% revenue growth to reach $91 million and increasing its agent count by 1.6%both slightly above projections—franchise behemoth RE/MAX appears poised to weather a less-aggressive market this year as it focuses on its Motto Mortgage franchises and grabs international market share. “Double-digit organic revenue growth in our core operations and continued strong performance from our acquisition of the RE/MAX INTEGRA North American regions contributed to our first quarter better-than-expecte

Agents 98
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9 of the Cheapest Places to Live in California

HomeLight

It’s no secret that living in California can be pricey. In fact, a recent study found the Golden State was the second most expensive state to live in the U.S. The primary driver of that statistic is high home prices, which hit an average of $771,270 in February 2022. If that figure is out of reach for you, then you aren’t alone — only 25 percent of households in California could afford to purchase a home in that price range in the fourth quarter of 2021.

Agents 91
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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.