Fri.Mar 08, 2024

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Mortgage rates fall as labor market normalizes

Housing Wire

Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline number beat estimates, but we have negative job revisions from previous months. The Federal Reserve ’s fear of wage growth spiraling out of control hasn’t materialized for over two years now and the unemployment rate ticked up to 3.9%.

Marketing 500
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The new prime time for sellers? It’s no longer May

Real Estate News

A report from Zillow found that summer can be the most lucrative time to list, but low inventory means rate fluctuations can “make their own seasonality.

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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

In remarks made Thursday to the Senate Banking Committee this week, Federal Reserve Chair Jerome Powell said he expects some U.S. banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. According to reporting by multiple outlets, including The Hill , Powell indicated that the risk is tied to small and midsized banks, and there is no systemic risk to the banking sector posed by the potential collapse of major institutions.

Banks 473
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Steve Harney, an educator, entrepreneur and advocate, has died

Real Estate News

Harney, a top agent, broker/owner and founder of Keeping Current Matters, is fondly remembered as “one of the kindest and most passionate men” in the industry.

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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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Ginnie Mae contends TCB can’t rely on alleged verbal promises in lawsuit

Housing Wire

Since the original filing of a lawsuit about the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), Texas Capital Bank (TCB) has argued in court that it was given verbal assurances from high-ranking officials at Ginnie Mae and the Federal Housing Administration (FHA) that its interests would be protected.

Banks 466
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People on the Move at Christie's SoCal powerhouse and Relevate

Real Estate News

Jamie Duran takes on EVP role at AKG Christie's after three decades at Coldwell Banker; Sheila Dodson to lead consulting, industry relations at Relevate.

More Trending

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Sitzer | Burnett plaintiffs’ attorneys ask for a third of settlement payout

Inman

After five years and nearly 100,000 hours of work, the law firms are asking a federal court for $82 million of the proposed settlements to be paid by Anywhere, Keller Williams and RE/MAX.

MLS 193
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Canadian mortgage lender rolls back activities in flood-prone zones

Housing Wire

The Desjardins Group , a Quebec-based lender, is no longer issuing mortgages in high-risk flood areas, multiple media outlets reported this week. That is stoking concerns that similar measures could be taken in other places, including the U.S. According to the Insurance Bureau of Canada , roughly 1.5 million homes, representing about 10% of the nation’s housing market, are already unable to obtain flood insurance as many insurers across Canada avoid flood zones.

Mortgages 447
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4 ways to ensure success as an agent in 2024 and beyond

Inman

Watch Shaun Osher on Inman Access as he shares his yearly success strategies, offering valuable insights and actionable advice to empower you to strive for success this year.

Agents 180
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“Greetings from Missouri!” Millions are finding commission lawsuit postcards in the mail. Agents say it’s an opportunity

Housing Wire

It was mid-February when clients, family and friends began asking Jason Posnick about strange postcards appearing in their mailboxes. Thanks to Lisa Chinatti, the broker-owner at Chinatti Realty Group , he was not completely caught off guard. “Lisa is super on the pulse. She talks with a lot of people, and she announced to our company that this was coming and went through what exactly we should expect,” said Posnick, the sales manager at Chinatti Realty Group.

Agents 431
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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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15 Instagram accounts agents can learn from in 2024

Inman

Jimmy Burgess shares 15 agents, team leaders and trainers who can help you find the perfect mix of content to grow your Instagram channel.

Agents 180
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Title waiver pilot program will have little impact on the industry: Fitch Ratings

Housing Wire

Despite the protests of the title insurance industry, Fitch Ratings does not believe the lender title insurance waiver pilot program for certain refinance transactions announced by the Federal Housing Finance Agency (FHFA) on Thursday will have an impact on title insurer ratings. In an emailed statement, Fitch Ratings attributed this to the relatively narrow scope of the proposal.

Title 430
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HomeStack, LiveEasy partner to advance white-labeled solutions

Inman

HomeStack and LiveEasy offer white-labeled applications for real estate agents, vendors and consumers and provide a range of communication functions, home insights and market data. The two have announced a partnership.

Agents 155
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New Orleans litigator files commission lawsuit against Latter & Blum

Housing Wire

In a lawsuit filed on Tuesday in U.S. District Court in New Orleans, home seller plaintiff Joseph C. Peiffer, a prominent lawyer in the Big Easy, accuses local brokerage firm Latter & Blum of colluding to artificially inflate agent commissions. The lawsuit names the National Association of Realtors and Keller Williams as co-conspirators, but they are not defendants in the suit.

MLS 420
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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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HomeStack is a mobile solution for today’s agent: Tech Review

Inman

Inman's review of HomeStack, a custom mobile app solution for independent real estate brokerages, top-producing teams and tech-savvy agents.

Agents 173
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Opinion: Real estate brokers, you don’t need leaders who are your clones

Housing Wire

The journey to becoming a great leader often hinges on one fundamental principle – helping others discover and embrace their true selves. As real estate leaders, our role is not to replicate ourselves in those we lead, but rather to guide them towards understanding who they are. This journey towards identity goes beyond creating copies of good leaders, and delves more into the realm of nurturing individuality.

As-is 420
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Matt Beall: Hawaii’s market is ‘extraordinarily strained’

Inman

The Hawaii Life CEO said after pandemic demand and the Maui fires, inventory has been sparse. But he also said the market is finding its way back to seasonality, and philanthropic giving and community involvement are at a high.

Marketing 154
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Why Hometap is betting on the growth of the home equity investment market

Housing Wire

Based on the notion that far too many U.S. homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. Hometap, as an investor, provides cash in exchange for a share of their home’s future value. When the home sells or the homeowner settles the investment within the 10-year period.

Equity 420
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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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Are you ready to make your brand POP this spring? The Download

Inman

As Inman announces its Marketing All-Stars, it's time to dive deep into all the marketing expertise you'll need to shine bright this spring.

Branding 168
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Ex-Summit executive: I was fired after blowing the whistle on illegal recruiting methods

Housing Wire

A former top executive at Summit Funding has sued the lender, claiming he was wrongfully terminated after confronting the company’s leadership about allegedly illegal business practices involving its founder and president, Todd Scrima. Ex-chief growth officer Brian Mitchell accuses Summit and Scrima of gaining illegal access to confidential information from its competitor Movement Mortgage to poach their employees and take their businesses, according to the lawsuit filed on Feb. 7 in the Superio

Mortgages 418
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Redfin is beta testing its new AI search assistant Ask Redfin

Inman

Ask Redfin, an artificial intelligence assistant for homeshoppers, is now in beta testing on the company’s mobile iOS search experience.

Brokerage 175
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5 tips to upgrade your real estate networking game

Housing Wire

Success in the real estate industry hinges not just on what you know, but who you know. The foundation of this sector is built on trust and relationships. So, networking is about more than just transactions — it’s a crucial practice for building connections that nurture growth and unveil new possibilities. For real estate professionals , turning networking into a regular practice is key to long-term success.

Agents 417
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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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Steve Harney, legendary Keeping Current Matters founder, dies at 68

Inman

Harney founded Keeping Current Matters in 2007 to help agents and homeowners prepare to navigate the coming financial crisis.

Agents 180
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Women in Real Estate: It’s Time to Be Fearless

RIS Media

It’s been pointed out for decades that, “Ginger Rogers did everything Fred Astaire did, except backwards in high heels.” Yet despite the wry, if credible, suggestion that females have at least as much talent, flexibility and gumption as their male counterparts, women still lag far behind men in top-tier leadership roles. Now, in a time… The post Women in Real Estate: It’s Time to Be Fearless appeared first on RISMedia.

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Lawsuits and leads: Here’s Inman’s Top 5 stories of the week

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 161
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Ask The Newsmakers: Rising Through the Ranks

RIS Media

Above, from left, DeAnn Golden, Stacey Johnson-Cosby, Jackie Louh and Laura O’Connor In honor of Women’s History Month, we asked a few of our 2024 Real Estate Newsmakers to reflect on their leadership journey by answering this question: “You’ve impressively risen through the ranks in the real estate industry. What most contributed to your ability… The post Ask The Newsmakers: Rising Through the Ranks 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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Empowering through empathy: The women’s leadership advantage

Inman

By embracing and amplifying female voices, The Agency's Rainy Hake Austin writes, we can create a real estate industry that truly reflects the diversity and richness of the communities we serve.

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Every Major U.S. City Where It’s More Expensive to Rent Than Buy

Bigger Pockets

Due to higher mortgage rates and elevated prices that have remained near their peaks for the last two years, investors have had to pay closer attention to how much they can cash flow. We crunched the data ourselves and only found a select few markets that have lower prices of ownership than rent, which indicates strong cash flow potential.

Investor 116
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Talking money is ‘a form of protest,’ financial expert Tori Dunlap says

Inman

With 1.9 million Instagram followers and a best-selling book, financial expert Tori Dunlap sits down with Rachael Hite to share how she’s educating women on talking about money — out loud.

Finance 138
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Mortgage Mix: First-Time Homebuyers Make Headway as Mortgage Market Shifts

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. A new report from ICE found that despite the mortgage market challenges faced last year, first-time homebuyers made significant headway as they claimed 47% of government sponsored enterprise (GSE) purchase loans and 39% of all… The post Mortgage Mix: First-Time Homebuyers Make Headway as Mortgage Market Shifts appeared first on RISMedia.

Mortgages 114
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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.