Mon.Apr 29, 2024

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Stronghill Capital shuts down consumer, correspondent lending

Housing Wire

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning. He cited a difficult market and elevated rates as reasons for shutting down correspondent and consumer lending businesses , which were added in 2022.

Lending 444
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Douglas Elliman the latest firm to settle commissions lawsuits

Real Estate News

The brokerage becomes the ninth real estate entity to strike a deal with home sellers, with an initial damages payment of nearly $8 million.

Brokerage 218
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Douglas Elliman settles the commission lawsuits

Housing Wire

Douglas Elliman has joined the growing list of brokerages that have settled the commission lawsuits. In an 8K filed with the Securities and Exchange Commission (SEC) on Friday, the firm announced that it had reached a nationwide settlement agreement with the Gibson lawsuit plaintiffs. According to the filing and an accompanying press release, the settlement covers Douglas Elliman and all of its subsidiaries.

Brokerage 413
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William Raveis: ‘Pivot, innovate, downsize, upsize and lead through it’

Real Estate News

As his namesake firm celebrates 50 years, Bill Raveis says the key to surviving rough cycles is to look for opportunities and “figure it out.

As-is 204
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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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Blend receives $150M infusion from Haveli Investments

Housing Wire

California-based mortgage tech firm Blend Labs , which has pursued non-GAAP profitability since it went public in 2021 , announced a $150 million investment on Monday from private equity firm Haveli Investments. Blend will use $145 million of the proceeds to repay existing credit agreements. The remainder is for general corporate purposes, the company said in a prepared statement.

Equity 414
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Underperforming agents are getting a real estate reality check

Inman

As the commission landscape changes, Side's Hilary Saunders writes, it's time for agents, teams and brokerages to look at the ways this will improve the industry's reputation.

Agents 182

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Now’s a Great Time To Sell Your House

Keeping Current Matters

Thinking about selling your house?

Mortgages 283
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eXp Realty makes changes to its executive team

Housing Wire

eXp Realty recently appointed several new faces to its executive team. Most notably, the brokerage appointed Amy Weaver to the position of senior vice president of the U.S. growth team, while Felix Bravo was appointed to the role of vice president of global growth. Weaver will be supported by three newly appointed regional vice presidents of growth: Frank Panunto, Russ Laggan and Tony King.

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Is NAR a net-positive? It depends if you ask an agent or a broker: Intel

Inman

These increasingly uncertain attitudes among agents in March were a departure from brokers, who were more likely to tell Intel that they still view the National Association of Realtors positively.

Agents 164
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ICE looks to rethink the mortgage servicing experience

Housing Wire

Intercontinental Exchange (ICE) introduced MSP Digital Experience (MSP DX), a conversational user interface designed to interact with the company’s leading mortgage servicing system, MSP. MSP DX provides servicing professionals with an intuitive, dynamic and conversational approach to working within MSP. The new interface is poised to streamline workflows, enhance efficiencies and simplify the training process for servicing team members.

Mortgages 394
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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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How multifamily can appeal to the baby boomer rental market

Inman

Many baby boomers are interested in rental markets close to home, multifamily expert Michael Zaransky writes, especially when they offer features that enhance their lifestyles and options.

Marketing 160
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Republic First Bank closes, sells to Fulton Bank 

Housing Wire

Pennsylvania-based Fulton Bank, National Association of Lancaster, has agreed to assume most of the deposits and assets of Republic First Bank , which state regulators seized on Friday to “protect depositors.” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space.

Banks 375
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Stop justifying your fee. Start showing the cost of not using you

Inman

The same factors that won your first listing are the same ones that will be intergal in winning over buyers, writes TowerHill Realty CEO Patrick Kilner.

Brokerage 159
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Energy Efficient Home Improvements Worth Doing

RIS Media

In today’s eco-conscious environment, energy efficiency isn’t just a buzzword—it’s a property’s standout feature. As a real estate agent, I witness first-hand how homeowners and buyers prioritize sustainability, driving demand for green improvements. This shift isn’t just ethical; it’s economical. Investments in energy-efficient home improvements, such as window replacements, insulation upgrades, solar panels and Energy… The post Energy Efficient Home Im

Agents 138
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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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Investing app Backflip sticks landing, secures $15M Series A

Inman

Backflip, a company that built an application to help investors analyze and finance properties to flip, has secured a $15 million Series A round of funding.

Land 144
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Navigating the Housing Market: A Seasonal Perspective

NAR: Economic Outlook

Navigating the Housing Market: A Seasonal Perspective Seasonality refers to predictable changes in data that correlate with certain times of the year; understanding it will help us anticipate trends.

Marketing 136
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Buyer’s Agent: What Do They Do and How Much Are The Fees

Maximum Exposure Real Estate

Are you wondering what a buyer’s agent is and why you should have one? You are probably thinking, do I need a buyer’s agent? Many consumers wonder why they should have a representative when purchasing a home. They wonder whether there will be any value. From my years of experience as a Realtor, I know […] The post Buyer’s Agent: What Do They Do and How Much Are The Fees appeared first on Maximum Real Estate Exposure.

Agents 130
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Douglas Elliman settles commission suits for up to $17.75M

Inman

The proposed deal would resolve pending antitrust claims that have been brought by homesellers, but not homebuyers.

Brokerage 140
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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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Douglas Elliman Settles Lawsuits, With Over Half of Payment ‘Contingent’

RIS Media

The settlement domino effect appears to be accelerating. Only one company—Keller Williams—chose to settle commission-focused lawsuits in the three months between November 2023 and February 2024, even as hundreds of companies were named in dozens of Burnett copycat suits across the country following a $1.8 billion verdict against the industry. Now, in the last month… The post Douglas Elliman Settles Lawsuits, With Over Half of Payment ‘Contingent’ appeared first on RISMedia.

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U.S. Immigration Crisis: What It Really Means for Housing Markets and Investors

Bigger Pockets

A record 300,000 migrants entered the U.S. through the southern border in December. Rather than trying to sneak past border agents, many surrendered to apply for asylum.

Investor 118
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PropStream to Attend STR Summit

RIS Media

Lead generation platform PropStream has announced it will be attending the STR Summit, designed to educate aspiring Airbnb investors. The event occurs from June 23-25, 2024, in Denver, Colorado at the Gaylord Rockies Resort & Convention Center. The STR Summit is targeted at short-term rental investors. Topics of discussion include the ten steps to building… The post PropStream to Attend STR Summit appeared first on RISMedia.

Investor 106
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Real Estate Investors: Use These Loans to Get Your Construction Project Across the Finish Line

Bigger Pockets

This article is presented by CV3 Financial. Read our editorial guidelines for more information. The real estate market is ever-evolving, and there has been a growing trend toward ground-up construction.

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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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Understanding Delaware’s Transfer Tax: A Quick Guide

HomeLight

If you’re planning to sell your home in Delaware, you need to understand how transfer taxes work. Transfer taxes are fees imposed by state, county, or municipal authorities when a property changes hands. These fees will vary across state lines and will have further variations depending on the rules and regulations in your city or state. This short guide will explore how transfer taxes function in Delaware and what you, as a seller, can expect to pay when you transfer your property.

Title 106
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Supercharge Your Business for a New Era of Real Estate

RIS Media

Change is no longer on the horizon. It’s here. Now more than ever, RISMedia’s 36th Annual CEO & Leadership Exchange is a can’t-miss gathering of more than 400 of the industry’s most powerful residential real estate decision-makers. Join us on September 4 – 6 at the historic Mayflower Hotel in Washington, D.C., where 100 of… The post Supercharge Your Business for a New Era of Real Estate appeared first on RISMedia.

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Tenant Not Paying Rent? Here’s What to Do

Bigger Pockets

A tenant not paying rent can turn your profit upside down. Should you find yourself in this situation, there are several key steps you must take.

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5 of the Top We Buy Houses for Cash Companies in Alabaster

HomeLight

Are you considering selling your Alabaster, Alabama home but don’t have the time, money, or know-how to make necessary repairs? Has life thrown you a curveball, requiring you to sell in days or weeks rather than months? If any of these scenarios sound familiar, a “We Buy Houses” company in Alabaster could be your perfect solution. These companies pay cash for homes in any condition, meaning there are no repairs, cleaning, or open houses needed.

Closing 104
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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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Daily Links: Park Slope’s Open Streets Survives But Shrinks

Brownstoner

In the News Homelessness Is Hard on Children. Making Music Helps [NYT] Greenpoint the Place to Go for Inventive Pastries, Fresh Bread [NYT] ‘Burg Hotel Converted Into Shelter for Migrant Families [NYP] The Weed Is Legal, Loud, and Mimosa-Flavored [Bushwick Daily] Park Slope’s Open Streets Will Return With Big Changes [BK Mag] NY Finally Has a… Read More > The post Daily Links: Park Slope’s Open Streets Survives But Shrinks appeared first on Brownstoner.

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4 of the Top We Buy Houses for Cash Companies in Asheville

HomeLight

Facing an unexpected job relocation? Inherited a house you don’t wish to keep? “We Buy Houses” companies in Asheville offer homesowners a fast way to sell and move on. While a traditional listing can take months to go from “active” to “pending,” closing on a sale to a cash buyer can take just a few days to a couple of weeks. Partnering with a cash-for-homes company can also be an effective way to sell a house in need of significant repairs, like a roof replacement or foundation issues.

Closing 103
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When Are Buyer-Agent Agreements Required?

BubbleInfo

The undated FAQs were released today. Buyers don’t have to sign a written buyer-agent agreement just to tour an open house! The clarifications from NAR: The practice change requiring written agreements with buyers is triggered by two conditions: it only applies to MLS participants “working with” buyers and is triggered by “touring a home.” What […] The post When Are Buyer-Agent Agreements Required?

Agents 98
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5 Top We Buy Houses for Cash Companies in Chelsea

HomeLight

Do you need to sell your Chelsea quickly? “We Buy Houses” companies in Chelsea could be the answer you need. These companies will purchase your property for cash, often in a matter of days. This is ideal for homes that might need some repairs or for homeowners that need to unload their property quickly. When you’re facing unexpected financial challenges, relocating for a job, or suddenly handling a family estate, a quick cash offer can be a welcome alternative to the lengthy pr

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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.