Tue.Dec 19, 2023

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Expert Quotes on the 2024 Housing Market Forecast

Keeping Current Matters

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024.

Marketing 271
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Fannie Mae continues to forecast modest downturn in 2024

Housing Wire

Even though Jerome Powell announced three rate cuts in 2024, Fannie Mae Economic and Strategic Research (ESR) group continues to forecast a modest downturn in 2024. The group projects a return to growth in 2025. “Last week’s comments by Chairman Powell, as well as the Federal Reserve’s updated Summary of Economic Projections, suggest increased Fed confidence that a soft landing has been achieved and inflation is headed sustainably to 2%,” Doug Duncan, Fannie Mae’s senior vice president and chief

Land 428
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MLS leaders bond over industry shifts — and Sammy Hagar?

Real Estate News

Art Carter and Brian Donnellan, CEOs of the nation’s largest MLSs, are pals as well as colleagues, walking the talk of collaboration in challenging times.

MLS 309
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Fidelity facing class action suit after cybersecurity attack

Housing Wire

Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were negligent with customer data and that they breached their contract, after the firm was the victim of a cyber security attack in late-November. The suit was filed last Tuesday by Teneika Tillis, a Loancare servicing client, in U.S.

Title 419
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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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DOJ still not satisfied with proposed MLS PIN settlement

Real Estate News

The Department of Justice has inserted itself — again — in the Nosalek buyer-broker commissions case ahead of final settlement approval.

MLS 312
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Amended settlement agreement in Nosalek suit not enough to appease the DOJ

Housing Wire

The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough. In a letter filed on Monday, the DOJ told Judge Patti Saris that it had concerns about the second amended settlement agreement.

MLS 393

More Trending

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Opinion: Today’s regulatory compliance starts at the top

Housing Wire

High-profile government actions against some of the nation’s largest financial firms for alleged violations of fair lending laws and loan servicing principles have sent a sobering message to industry CEOs and their boards: the buck stops at the top. We have entered a new regulatory era, one filled with expectations that a firm’s compliance with the letter and spirit of the law has the full attention of the C-suite and boardroom — not relegated to back-office compliance department functions.

Lending 400
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Zillow users loved small Northeastern towns this year

Real Estate News

Small cities in New Hampshire and Connecticut dominated the search portal's most popular markets for 2023.

Marketing 254
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Fannie Mae, MBA economists still expect mild 2024 recession

Inman

The good news for real estate pros is that closely watched forecasts agree home sales will bottom in Q4 2023, and mortgage rates are looking ready to come down significantly next year.

Sales 184
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Former Gowanus Brewery, Clinton Hill Warehouse Slated to Become Migrant Shelters

Brownstoner

Under emergency contracts relating to the migrant crisis, and with little public oversight, warehouses in Gowanus and Clinton Hill are being converted into large homeless shelters that could potentially operate for years. A long-vacant former brewery building at 130 3rd Street in Gowanus is being converted into a 400-bed homeless… Read More > The post Former Gowanus Brewery, Clinton Hill Warehouse Slated to Become Migrant Shelters appeared first on Brownstoner.

Marketing 128
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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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Want a high-performance network? It all starts at ICNY

Inman

According to research, writes Nikki Beauchamp, by aligning yourself with those who complement your skill set and creating a systematic approach to networking, you can add targeted leverage to your real estate business.

Agents 170
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Real Talk with Joe Skousen: Episode 1 – Nick Bailey

RIS Media

Editor’s Note: Real Talk is an ongoing video series featuring Joe Skousen, founder and CEO of Inside Real Estate, who interviews industry leaders regarding the outcome of the recent Burnett vs. NAR trial, along with other pressing issues affecting residential real estate. Episode #1 Nick Bailey President & CEO RE/MAX LLC Nick Bailey discusses the… The post Real Talk with Joe Skousen: Episode 1 – Nick Bailey appeared first on RISMedia.

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For nearly half a century, Saul Klein has been a tech pioneer, evangelist

Inman

In the most recent edition of his Snapshot series, Brandon Doyle talks to Saul Klein about being at the forefront of technology and internet adoption in the residential real estate industry.

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Rent Prices Continue Seven Month Fall

RIS Media

The median U.S. asking rent fell $12 to $1,717 in November, the seventh consecutive month of year-over-year declines, according to a new report from Realtor.com. Realtor.com’s November Rental Report found that the median rent price was down $59 from the peak seen in July 2022, but still $313 (22.3%) higher than the same time in… The post Rent Prices Continue Seven Month Fall appeared first on RISMedia.

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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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Real estate syndication: How to invest passively and profitably

Inman

If you can let go of some of the control, writes Luke Babich, you can take advantage of exceptional upside potential when you invest through real estate syndications.

Investor 170
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Areas With the Most "Returning" Buyers and a Breakdown of Their Demographics

NAR: Economic Outlook

Location and Demographics of "Returning" Buyers The key determinant impacting housing demand in these areas is the influx of additional buyers resulting from the decline in mortgage rates next year.

Mortgages 116
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7 ways to avoid taxes on real estate investments

Inman

Investing in real estate doesn't have to bring a big tax bill. In fact, there are plenty of ways to minimize your taxes while making healthy returns. Here are the top seven.

Investor 160
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Mortgage Servicer Mr. Cooper Says Cyber Attack Compromised 14 Million Customers

RIS Media

Mortgage servicer Mr. Cooper, which suffered a significant cyber attack in late October, disclosed yesterday that malicious actors were able to access sensitive personal information belonging to “substantially all of our current and former customers.” According to a filing with the Maine Attorney General’s office, more than 14 million people were affected by the breach.… The post Mortgage Servicer Mr.

Mortgages 114
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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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Bess Freedman says agents must ‘be present’ to succeed in 2024

Inman

Ahead of Inman Connect New York in January, the Brown Harris Stevens CEO shared with Inman her tips for navigating challenging economic terrain and what she's looking forward to at ICNY.

Agents 166
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Freddie Mac Multifamily Outlook Forecasts Tempered Growth in 2024

RIS Media

Freddie Mac has released its 2024 Multifamily Outlook, which projects that the year ahead will bring positive growth despite continued headwinds for the multifamily industry, and that the long-term forecast for the asset class remains positive. The outlook indicates an elevated multifamily supply pipeline, with peak completions predicted in 2024, will moderate potential rent gains,… The post Freddie Mac Multifamily Outlook Forecasts Tempered Growth in 2024 appeared first on RISMedia.

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Flyhomes announces 3rd round of layoffs since 2022

Inman

Seattle-based brokerage and mortgage lender Flyhomes announced another round of layoffs on Friday. The company had layoffs in July and November 2022, with one round impacting 20 percent of its workforce.

Brokerage 156
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How to Search Property Records and Learn Everything About A House

HomeLight

A house can hold a lot of history. As a homebuyer, you probably want to know everything there is to know about the property you’re about to purchase. You might not know where to begin if you’ve never searched public records. Here’s how to search property records and navigate the online and offline documentation — including what you might want to investigate.

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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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Housing starts defy expectations, surge to highest point since May

Inman

Housing starts jumped 14.8 percent between October and November to a seasonally adjusted annual rate of 1.56 million. That's 9.3 percent higher than they were in December 2022.

Marketing 155
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South Carolina Century 21 Affiliate Leads Partnership

RIS Media

South Carolina affiliate CENTURY 21 803 Realty has merged with the neighboring office EXCEL Real Estate. The brokerage will do business as CENTURY 21 Excel in tandem with its new partner; their combined operation will maintain six offices and 200 agents across South Carolina. EXCEL Real Estate founders, husband and wife team Candice and Kenny… The post South Carolina Century 21 Affiliate Leads Partnership appeared first on RISMedia.

Brokerage 111
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7 hard-earned lessons from a firefighter-turned-broker

Inman

Entrepreneurship requires fundamental changes, no matter what your previous occupation may have been. Broker Nick Schlekeway outlines the seven lessons you'll need to learn to be successful.

Brokerage 159
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Housing Starts See Large Gains in November

RIS Media

Housing starts continued their three-month rise, following a 7% gain in September and a 1.9% gain in October, according to a new report from the National Association of Home Builders (NAHB) using data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Housing starts rose 14.8% in November, as NAHB… The post Housing Starts See Large Gains in November appeared first on RISMedia.

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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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Now Landing, a partnership with ID verification solution CLEAR

Inman

Landing is now partnering with personal identity verification company CLEAR to shrink the time needed for its tenants to move from place to place.

Land 165
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NAR President: Regardless of Burnett Verdict, Buyer Agent Still a Must for Most

RIS Media

Above: Tracy Kasper In her most detailed comments regarding the state of the residential real estate industry since the Burnett vs. NAR federal class action lawsuit, National Association of REALTORS® (NAR) President Tracy Kasper stressed that buyer agents are still as vital to the home-buying process as ever, and cautioned that any deemphasizing of them… The post NAR President: Regardless of Burnett Verdict, Buyer Agent Still a Must for Most appeared first on RISMedia.

Agents 111
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WeWork asks bankruptcy court to hide 600K tenant names from rivals

Inman

Once valued at $47 billion, WeWork attorneys argue that releasing the names of its 600,000 clients would allow office landlords to poach customers.

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Use Quick, Personalized Posts to Connect With Prospective Clients

RIS Media

‘Tis the season to connect and celebrate! Strengthen your client relationships effortlessly this holiday season with quick, personalized social media posts through the NAR + Photofy app. Explore our newly released social templates, featuring holiday themes and assets from the “That’s Who We R” campaign. Download the app! A tactical guide for buyers’ agents Do… The post Use Quick, Personalized Posts to Connect With Prospective Clients appeared first on RISMedia.

Agents 107
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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.