Tue.Apr 16, 2024

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Powell makes it clear: No rate cuts anytime soon

Housing Wire

Today, Federal Reserve Chairman Jerome Powell made statements at the Washington Forum that indicate there will be no rate cuts anytime soon because the economy and the labor market are too strong with sticky inflation. This is a change from previous statements where the Fed talked about the rate cuts it expected to make this year — although that timeframe has changed several times.

Land 490
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Should I Wait for Mortgage Rates To Come Down Before I Move?

Keeping Current Matters

If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action.

Mortgages 273
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Opinion: Is the industry positioned for a mass exodus of real estate agents?

Housing Wire

In the wake of the recent NAR settlement , coupled with persistently sluggish home sales and high interest rates , real estate agents find themselves at a crossroads marked by uncertainty and unease. Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing. However, with many agents feeling uncertain about their futures, a potential mass exodus from the industry may be looming.

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Commissions, steering and the MLS: Myths and realities

Real Estate News

During a livestream presentation, Bright MLS’s chief economist highlighted some of the most misunderstood topics or mistaken beliefs about real estate.

MLS 282
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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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NPR podcast takes a closer look at reverse mortgages

Housing Wire

Because of certain persistent reputational challenges faced by the reverse mortgage industry, it can be challenging for borrowers to find objective informational sources about the product category. That’s what drove a listener of the podcast “The Indicator from Planet Money,” a production of National Public Radio (NPR), to ask hosts Wailin Wong and Darian Woods about the product during a recent episode.

Mortgages 430
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Major homebuilder objects to commissions settlement process

Real Estate News

PulteGroup, which potentially has thousands of claims as a seller, raised concerns about “needless and time-consuming” paperwork and lack of transparency.

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More Trending

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Commissions won't count against limits, Fannie and Freddie say

Real Estate News

The federal finance giants clarified their policies, confirming that buyer agent compensation won't be applied to concession limits.

Finance 281
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BofA’s mortgage production falls in Q1

Housing Wire

Bank of America (BofA) reported another quarterly decline in mortgage and home equity production in the first quarter of 2024. On Tuesday morning, the top-20 U.S. mortgage lender stated it produced a volume of $3.4 billion in first mortgages from January to March, down 12.5% from the $3.9 billion in the previous quarter and the same quarter of 2023.

Mortgages 415
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Agents optimistic about the market, concerned about buy-side pay

Real Estate News

A new survey from Real Brokerage offers insight into agent sentiment and how they really feel about the industry changes set to go into effect this summer.

Agents 232
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Real estate agents, are you a text offender?

Housing Wire

Are you tired of your text messages causing more confusion than closings in the real estate world? Wondering if you may have offended a prospect? Curious why you’re being ghosted at times? We’ve curated the ultimate guide to texting etiquette for agents. From dodging grammatical gaffes to perfecting your timing, these ten rules are your secret weapon for text message triumph.

Agents 398
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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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Zillow launches ‘Home Just Got Real’ ad campaign

Inman

Just in time for spring homebuying, portal powerhouse Zillow has released a new ad campaign aimed at celebrating the persistence of millennial and Gen-Z homebuyers amid market headwinds. The ad series, "Home Just Got Real," includes two 30-second and one 15-second videos that highlight the reasons people buy — a place for their child to grow up or a home big enough for their furry friends — and the lengths they go to achieve their dreams.

Marketing 164
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Judge denies Sitzer/Burnett plaintiffs’ motion for entry of judgement

Housing Wire

The judge overseeing the Sitzer/Burnett commission lawsuit will not issue a final ruling on the HomeServices of America defendants just quite yet. In a filing on Monday, Judge Stephen Bough denied the plaintiffs’ motion for entry of judgement without prejudice, meaning that the plaintiffs could file another motion for entry of judgement in the future.

Brokerage 406
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Use intentional reflection to optimize your decision-making

Inman

Embrace reflection as a tool for your growth, coaches Emily Bossert and Melanie Klein write. From clarifying your purpose, to redefining your goals and cultivating adaptability, this practice will allow you to control the ebbs and flows of your business more smoothly.

Agents 156
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Remaining Batton defendants look to have suit dismissed

Housing Wire

Defendants in the behemoth Batton homebuyer commission lawsuit filed a ream of motions on Monday seeking to have the class-action allegations struck down and dismissed. The Batton suit consists of two separate lawsuits filed by the same homebuyer plaintiffs, alleging that the National Association of Realtors (NAR) and several of the nation’s largest corporate real estate firms conspired to adopt and enforce anti-competitive rules applicable to the vast majority of real estate brokers, resulting

Principal 381
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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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Homeseller sentiment is lukewarm as spring homebuying ramps up

Inman

Elevated mortgage rates and home prices have made sellers leery about listing this spring. As a result, 50 percent of homesellers said they'll be aligning their sales with a late-year rate drop.

As-is 152
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Retail losses lead February decline in reverse mortgage volume

Housing Wire

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The retail channel volume decrease of 15.7% effectively “masked” a gain of 3.9% posted on the wholesale side of the business, according to RMI.

Mortgages 356
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What agents do post-settlement will define Real Estate 3.0

Inman

Two major real estate market transformations defined the past 50 years, writes CEO Patrick Kilner. Are we ready for whatever comes next?

Agents 151
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Better Homes and Gardens Real Estate Announces New VP

RIS Media

Above, Christina Balas Better Homes and Gardens Real Estate LLC has announced the appointment of Christina Balas as vice president of servicing and operations. In her new role, Balas will develop critical initiatives to drive affiliate performance, satisfaction and engagement with a focus on growing market share and increasing agent productivity. She will also lead… The post Better Homes and Gardens Real Estate Announces New VP 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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Big Tech loses its appetite for office space, adding to landlords woes

Inman

Tech firms such as Meta, Amazon, Salesforce and Google are offloading office space and letting leases expire.

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Dispelling Myths About Commissions and the MLS

RIS Media

Editor’s note: The following ‘Myths vs Facts’ were excerpted from recent research, “Dispelling the Myths About Real Estate Commissions and the MLS,” released by Bright MLS. Bright MLS President and CEO Brian Donnellan offers context on the analysis below the comparisons. Myth: Agents steer clients to homes with higher commission rates. Fact: Our analysis of over… The post Dispelling Myths About Commissions and the MLS appeared first on RISMedia.

MLS 122
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Sun Belt property managers merge as Bryten Real Estate Partners

Inman

Phoenix-based MEB Management Services and St. Petersburg, Florida-based Weller Management announced their merger on Monday.

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Judge Mulls Dismissing Certain Claims in eXp Sexual Assault Lawsuit

RIS Media

A federal judge appears to be leaning toward dismissing at least some of the claims against eXp in a lawsuit filed by an agent—Anya Roberts—who claims she was sexually assaulted by recruiters, discussing a tentative order that seemingly did not find the company was negligently or “vicariously” liable for the actions of influencers. The tentative… The post Judge Mulls Dismissing Certain Claims in eXp Sexual Assault Lawsuit appeared first on RISMedia.

Agents 121
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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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Downtown Seattle’s Bed Bath & Beyond building to become an arts center

Seattle Times Real Estate

The organizers behind Bumbershoot are transforming the sprawling, two-floor building into a year-round contemporary art center set to open in early 2025.

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Century 21 Announces Baltimore Affiliation

RIS Media

Century 21 Real Estate LLC has announced its expansion in the Baltimore Metropolitan area, thanks to its latest affiliation: Harris Hawkins & Co., a Black-owned, woman-led business, now operating as CENTURY 21 Harris Hawkins & Co. Founded in 2020 by Baltimore natives Tiffany Harris and Brandi Hawkins, the company is now owned and operated by… The post Century 21 Announces Baltimore Affiliation appeared first on RISMedia.

As-is 119
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How to Sell a Waterfront Property

Maximum Exposure Real Estate

Will you be selling a waterfront property soon? If so, you should be well-armed with some top waterfront home-selling tips! When it comes to waterfront homes, you would think they would essentially sell themselves. But in reality, only the idea of living on the water tends to get an automatic “yes.” The actual homes can […] The post How to Sell a Waterfront Property appeared first on Maximum Real Estate Exposure.

Marketing 116
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Lesson Learned: Find and follow great role models

Inman

Find out how top producer Juan Carlos Barreneche leveraged great advice to build out a team and create his own training community.

Agents 124
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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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LeadingRE Adds AJ Canaria Creative Services to Solutions Group Program

RIS Media

Leading Real Estate Companies of the World® welcomes AJ Canaria Creative Services, LLC to its Solutions Group program of preferred business resources for its global network of real estate firms. AJ Canaria Creative Services—founded by AJ Canaria, who now serves as chief photographer—provides photography services specializing in events, headshots, lifestyle shoots, editorials, and advertising, according… The post LeadingRE Adds AJ Canaria Creative Services to Solutions Group Program appear

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What is Considered a Mansion: Definition, Square Footage, and More

Maximum Exposure Real Estate

Are you wondering what is considered a mansion? A mansion is a large, impressive house, typically spanning over 7,000-8,000 square feet. Years ago, the threshold was 5,000. These luxurious custom homes are constructed with high-quality materials and feature purposefully designed rooms for specific functions, such as game rooms, home theaters, and gyms.

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John L. Scott Real Estate Names New Company Financial Officer

RIS Media

John L. Scott Real Estate has appointed Jeffrey Currier as the company’s new Company Financial Officer. In this role, the company stated that Currier will be responsible for overseeing finance and accounting at John L. Scott. He will focus on cash management, leases, facilities, and will be closely involved in forecasting and executing strategies that… The post John L.

Finance 111
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5 Things To Consider Before Halting Your Home Search Until After the Real Estate Settlement Takes Effect

Lighter Side of Real Estate

If you’re thinking about buying a home this year, you might be wondering if it makes sense to wait until after the recent commission lawsuit settlement takes effect in order to save money. It’s completely understandable considering how the media and politicians make it sound like buyers are about to save a lot of money when purchasing a home due to the terms of the settlement.

Agents 105
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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.