Thu.Aug 24, 2023

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Nominate a Real Estate Newsmaker Before It’s Too Late

RIS Media

RISMedia is still accepting nominations for its next class of Real Estate Newsmakers—those individuals from across the U.S. who are making headlines for their commitment and contributions to the real estate industry in 2023, as well as going the extra mile to positively impact their peers, colleagues, clients and the communities they serve. The 2024… The post Nominate a Real Estate Newsmaker Before It’s Too Late appeared first on RISMedia.

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Mortgage rates continue to climb beyond 7%

Housing Wire

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. For many, there is worry that the Fed may overtighten on the monetary front and lead to economic damage,” said George Ratiu, chief economist at Keeping Current Matters.

Mortgages 370
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Zillow rolls out 1% down home loan program

Real Estate News

The company said the new program, initially launching in Phoenix, will help ease one of the biggest barriers to entry for buying a home.

Loans 246
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Better’s shares plummet 93% in Nasdaq debut 

Housing Wire

Shares of Better Home & Finance Holding , the parent of digital lender Better.com, collapsed during its debut on Nasdaq Thursday. The company went public after merging with the special purpose acquisition company (SPAC) Aurora Acquisition Corp. the prior day. Better’s class A common stock, listed under the ticker “BETR,” declined to $1.15 at the closing on Thursday.

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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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More Jobs and Better Pay Leads to More Buyer Demand

Keeping Current Matters

There’s been talk about a recession for quite a while now.

Marketing 246
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Mortgage payments increased 17% annually to $2,162 in July

Housing Wire

Homebuyer affordability remained unchanged in July from June, according to Mortgage Bankers Association ‘s (MBA) Purchase Applications Payment Index (PAPI). The index measures how new monthly mortgage payments vary across time, relative to income, drawing from data from MBA ’s weekly applications survey. The national median payment applied for by purchase applicants was $2,162 in July, up $318 from a year prior but unchanged from June.

Mortgages 370

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Homebuyers have lost tens of thousands in purchasing power since 2022

Housing Wire

Soaring mortgage rates are taking a major chunk out of homebuyers’ budgets, according to a new report from Redfin. A homebuyer on a $3,000 monthly budget, for example, could afford a $429,000 home with a 7.4% mortgage rate, using rate data from August 23. That buyer lost $71,000 in purchasing power compared to one year ago when a $500,000 home would have been accessible to them with an average rate of about 5.5%.

Mortgages 370
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Nan & Company Properties launches Farm & Ranch Division

Inman

The Houston-based Christie's International Real Estate affiliate has also opened a new office in Lake Livingston and made two new hires to support the launch of the new division.

Land 148
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Home sales will be weak in 2024 regardless of “soft landing”: Fannie Mae

Housing Wire

Strong consumption data combined with slowing inflation points to a “soft landing” for the economy, Fannie Mae ‘s Economic and Strategic Research (ESR) Group said Thursday. But the government sponsored enterprise still expects a recession next year. “In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation t

Land 284
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What you don’t know about insurance can hurt your clients

Inman

Insurance as a hot-button issue is likely not going away anytime soon. Unfortunately, as long as Mother Nature is in control, agents, buyers and sellers need to be more proactive than ever, broker Cara Ameer writes.

Agents 148
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Affordable Housing Lottery Opens in Crown Heights for 18 Units Starting at $735 a Month

Brownstoner

An affordable housing lottery has launched for 18 apartments in the under-construction Grand Pacific complex on the corner of Pacific Street and Grand Avenue in Crown Heights. The eight-story, 69-unit building with curved facade and swanky amenities is the result of an unusual deal brokered between the local community board… Read More > The post Affordable Housing Lottery Opens in Crown Heights for 18 Units Starting at $735 a Month appeared first on Brownstoner.

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Broker Spotlight: Alexandra Axsen, The Agency Kelowna

Inman

Learn from this Canadian broker's professional journey and find out about her No. 1 rule for real estate investing.

Brokerage 148
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LeadingRE’s Huntington & Ellis Listed on Inc. 5000 for Fourth-Consecutive Year

RIS Media

Huntington & Ellis, A Real Estate Agency, an affiliate of Leading Real Estate Companies of the World, has announced it has ranked No. 2,781 on Inc. Magazine’s annual Inc. 5000 list, a prestigious ranking of the nation’s fastest-growing private companies. Achieving a 192% three-year growth rate, this marks the brokerage’s fourth-consecutive year being recognized and… The post LeadingRE’s Huntington & Ellis Listed on Inc. 5000 for Fourth-Consecutive Year appeared first on RISMedia.

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Barbara Corcoran sees price growth of 10-15% once rates drop

Inman

Barbara Corcoran told "Good Morning America" viewers on Wednesday that she doesn't foresee prices dropping any time soon but could see them spiking once mortgage rates come down.

Mortgages 148
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Credit Karma vs. Credit Sesame: A Comparative Analysis of Free Credit Monitoring Services

Maximum Exposure Real Estate

Would you like to know the similarities and differences between Credit Sesame vs. Credit Karma? Credit Karma and Credit Sesame are popular online platforms offering free credit monitoring services in the US. They provide access to credit scores, reports, and valuable tools for managing personal finances. While both platforms share similarities, there are key differences […] The post Credit Karma vs.

Finance 98
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9 things this COO wishes she’d known about money as a newbie

Inman

With so much to learn as a new agent, it helps to draw on the experience of those who've gone before. Find out where to start with this guide from author, coach and Realtor Erin McCormick Torres.

Agents 148
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The Playbook: A Complete Guide to Probate Listings

RIS Media

Editor’s Note: The Playbook is an RISMedia biweekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they’re employing and unique ideas they’ve formulated. Tune in every other Thursday for another addition to the series. As so-called “discretionary”… The post The Playbook: A Complete Guide to Probate Listings appeared first on RISMedia.

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Read Inman’s exclusive Blueprint for winning in real estate in 2023

Inman

Real estate’s brightest leaders shared their thoughts on the market, insights on the bombshell commission lawsuits and how the industry might change in the future during Inman CEO Connect this month.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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The Insider: Partial Reno of Fort Greene Townhouse Creates New Primary Suite, Pair of Home Offices

Brownstoner

Got a project to propose for The Insider? Contact Cara at caramia447 [at] gmail [dot] com Not every row house renovation is top to bottom, all at once. This four-story brownstone near Fort Greene Park, under 17 feet wide and with a central stair, had a beautifully intact parlor floor and an already… Read More > The post The Insider: Partial Reno of Fort Greene Townhouse Creates New Primary Suite, Pair of Home Offices appeared first on Brownstoner.

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Better shares plunge more than 90% in Nasdaq debut

Inman

In addition to going public at a bad time for mortgage lenders, Barron's reports that a SPAC merger resulted in a huge increase in the number of shares outstanding.

Mortgages 148
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6 Effective Ways to Increase Lease Renewal Rates and Keep Great Tenants

Bigger Pockets

One of the easiest ways to establish a consistent income stream is by improving lease renewal rates among your tenants. Here's how to do just that.

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Insights on how to navigate the industry’s post-lawsuit landscape

Inman

Tune in to Inman Access this week for a deep dive into the impact of the industry's megalawsuits and a tactical breakdown on what to focus on in today's housing market to come out on top.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Why 2023’s “Rolling Recession” is Almost Impossible to Predict

Bigger Pockets

Holding on to hope that mortgage rates could hit four or even three percent again?

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Choosing a brokerage? Make sure they’re working as hard as you do

Inman

You have a choice when it comes to the brokerage you'll work with and for, broker Chris Speicher writes. Here's what to look for and how to evaluate your options.

Brokerage 147
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Home Improvement Loan Applications in 2021: A State- and County-Level Analysis

Eye on Housing

The residential remodeling market has grown rapidly in the past few years, mainly fueled by changes in housing and lifestyle decisions during the pandemic period. According to National Income and Product Accounts (NIPA), expenditures for residential home improvements soared 13% to $328 billion in 2021, from $289 billion in 2020. This marks the largest gain since 1993 (16% increase).

Loans 98
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Corcoran Icon Properties opens new office in San Fran’s Cow Hollow

Inman

The new office, to be managed by Corcoran Icon Properties Partner Michael Barnacle, is located on bustling Union Street, where trendy restaurants, boutiques and fitness studios are thriving.

Brokerage 147
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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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6 Compelling Reasons to Boost Your Mortgage IQ

RIS Media

Agents with a rich understanding of mortgage finance have countless opportunities to deliver more value to their buyer-clients and gain a competitive edge. After all, a mortgage is the most complicated but essential aspect of most buyers’ transactions. Additionally, surveys from the National Association of REALTORS® have repeatedly found that over 90% of buyers count… The post 6 Compelling Reasons to Boost Your Mortgage IQ appeared first on RISMedia.

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Financial Advisor Fees, LLCs, and Stock Investing 101 | Ask Mindy and Scott

Bigger Pockets

Financial advisors are supposed to look after your money, but sometimes, their profits come first.

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What Are 2023’s Hottest Zip Codes?

RIS Media

In a market full of challenges, it’s hard to pinpoint where exactly buyers can look for solid housing options. With that in mind, what are the hottest zip codes for homeowners in 2023? Realtor.com®’s hottest zip code rankings take a look at zip codes in large metros across the U.S. to find those that are… The post What Are 2023’s Hottest Zip Codes?

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Get Your Swag On

Yardi Marketing

Swag, a word coined in the 1940s by an advertising executive, is a way for a business to reinforce its brand among clients, prospects and employees. Swag encompasses a vast array of complimentary items ranging from pens, mugs and mouse pads to hats, water bottles, backpacks, specialized bags for carrying tech gear, exercise mats, calendars, magnets, coasters and much more.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.