Mon.Jul 08, 2024

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Owning Manhattan? How much business SERHANT.’s agents really do

Housing Wire

Since launching in late June, Ryan Serhant’s latest reality TV venture “ Owning Manhattan ” on Netflix , has become quite the phenomenon. Despite debuting on June 28, the show cracked Netflix’s top-10 most streamed shows in the U.S. for the week ending on June 30. The show stars Serhant, who is no stranger to reality TV, having spent a decade starring in Million Dollar Listing New York , among other shows, and several of SERHANT.’s agents and team leaders.

Agents 527
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Consumers are (slightly) more optimistic about buying a home

Real Estate News

Bucking industry trends, consumer sentiment is at the highest level in more than two years, according to Fannie Mae’s latest survey.

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Newrez imposes another round of layoffs

Housing Wire

Top-five mortgage lender Newrez , owned by asset manager Rithm Capital , has imposed another round of layoffs affecting 265 employees in Colorado and Arizona, per documents sent to state authorities. That’s the third round this year, following the acquisition of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS ) for $720 million in October 2023, which brought some redundancies to its structures.

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Not a Crash: 3 Graphs That Show How Today’s Inventory Differs from 2008

Keeping Current Matters

Even if you didn't own a home at the time, you probably remember the housing crisis in 2008.

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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.

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2024 RealTrends GameChangers saw tremendous growth over last five years

Housing Wire

These brokerage firms and leaders are changing the game in real estate. Every year, RealTrends chooses GameChangers based on five-year, transaction side percentage data from the RealTrends Verified 500. This year, we chose seven independent brokerage firms and 10 franchises who grew their businesses at astronomical rates. United Real Estate topped the charts with 727% growth.

Brokerage 413
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Court sets deadline for appeals in brokerage settlements

Real Estate News

A status update in the 5-year-old Moehrl case says any objections to the deals must be filed next month, while HomeServices continues to hash out its agreement.

Brokerage 181

More Trending

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CoStar CEO calls trade secrets suit ‘laughable,’ looks to future

Real Estate News

Andy Florance told Real Estate News that a former Realtor.com employee is a ‘pawn’ in a broader dispute, and the bigger picture involves global expansion.

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Navigating the narrative: Strategic messaging for mortgage banking executives

Housing Wire

In the ever-evolving landscape of mortgage banking, executives face the critical challenge of leading their teams through turbulent times. The current market, characterized by the “higher for longer” scenario, presents unique obstacles: originators grapple with lower production, low housing inventory, and high rates, while operations professionals endure layoffs and relentless pressure to achieve more with less.

Banks 413
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Is this the death of the flat fee broker?

Inman

While traditional models struggle to adapt to changing agent and consumer expectations, Epique Realty is setting new standards with its all-inclusive approach, outpacing both discount and flat fee brokerages in virtually every metric.

Brokerage 174
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Q1 2024: Real estate agencies show downward trend in net operating percentages

Housing Wire

We continue to see a consistent pattern in net operating percentages as they relate to increasing revenue levels. As revenue increases, there is a general downward trend in net operating percentages, further confirming that higher revenue levels may be associated with increased operating costs or other factors that decrease the proportion of revenue retained as profitability.

Agents 396
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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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Beneficial owner reporting: What business owners need to know

Inman

Wealth manager Michael Conticelli writes that agents must understand ownership rights to ensure they are using correct documentation and contracts for legal compliance.

Agents 178
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CHLA calls on CFPB to take action against trigger lead calls

Housing Wire

The Community Home Lenders of America (CHLA) on Monday submitted a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra , urging the agency to more forcefully go after trigger lead solicitations. To cement the point, CHLA is calling such solicitations “junk calls,” echoing the language of the campaign the Bureau has waged against “junk fees.

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Real estate is a new industry. Are you ready?

Inman

Change can be a scary word. For many of us, it conjures the image of something sudden and unexpected, a situation we weren’t prepared to face, an environment we aren’t comfortable with.

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Restoration of historic Frank Lloyd Wright home complicated by reverse mortgage

Housing Wire

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. This is according to original reporting by Crain’s Chicago Business and subsequent coverage from The Real Deal (TRD).

Mortgages 384
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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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Fraud allegations against rental owners reach new high

Inman

Regulators and prosecutors are cracking down on landlords who've been falsifying income and expense data on crucial loan documents, according to a new feature published by "The Wall Street Journal.

Loans 172
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NRMLA president talks HMBS 2.0 term sheet and its potential impact

Housing Wire

At the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in May, Acting Ginnie Mae President Sam Valverde said that the government-owned company planned to release a term sheet for a newly proposed Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program sometime in the next month. After the industry’s secondary market was rocked by the collapse of Reverse Mortgage Funding (RMF) in 2022, Ginnie Mae went to work in an effort to bring more stability to t

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5 losing strategies that will ruin team relationships 

Inman

Running a team is like leading a family, team leader Carl Medford writes. It takes concerted efforts to keep relationships intact and functioning in a healthy way.

Brokerage 178
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Lone Wolf: We just launched the “first true end-to-end platform in real estate”

Housing Wire

Real estate technology provider Lone Wolf announced the official launch of its new platform Lone Wolf Foundation on Monday. The firm first announced the creation of the platform at T3 Sixty’s Tech Summit in 2023. According to the company, the platform brings Lone Wolf’s website building capabilities, as well as CRMs , comparative market analyses, open house planning, transaction management, back office work and accounting all into one place.

MLS 250
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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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Zoom in closer: 4 regional housing insights from the Inman Intel Index

Inman

These times have been hard on nearly every real estate business. But different parts of the country report unique challenges and business approaches, as illustrated by Intel’s monthly gauge of industry sentiment.

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The Importance of Condo Inspections Before Purchase

RIS Media

Purchasing a condo is a significant investment. Like any other real estate purchase, it pays to understand what you’re buying. A thorough condo inspection is essential to make a well-informed decision and avoid pitfalls. I will provide you with the following information so you can make an informed decision. I have put tremendous effort into… The post The Importance of Condo Inspections Before Purchase appeared first on RISMedia.

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REColorado buyer unveiled as questions and legal fights persist

Inman

The owners of the 16th largest MLS in the country plan to sell to a title company executive. But an agent and local leader has received a cease and desist letter over her criticisms of the deal.

MLS 165
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Housing Sentiment Returns to Plateau from Early 2024

RIS Media

Consumers warmed a little to the housing market this month as Fannie Mae’s Home Purchase Sentiment Index saw an increase back to the plateau it was set at earlier this year. Fannie Mae’s HPSI increased 3.2 points in June to 72.6, rebounding from the dip seen in May, and is 6.6 points compared to the… The post Housing Sentiment Returns to Plateau from Early 2024 appeared first on RISMedia.

Marketing 124
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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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More homebuyers sue to upend how real estate agents get paid

Inman

At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us.

Agents 165
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The Psychology of Real Estate Teams

RIS Media

Real estate teams are favored for their ability to drive business volume, provide specialized knowledge and deliver greater customer service outcomes. They can reward in many ways, from improving client relationships to creating greater efficiencies in processes. But not all teams are created equal and, as the research suggests, higher-performing teams share certain psychological characteristics… The post The Psychology of Real Estate Teams appeared first on RISMedia.

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Lesson Learned: Stay off the real estate rollercoaster

Inman

Find out what NYC associate broker Bill Kowalczuk has learned during his years in the business and what he'd be doing if he weren't in real estate.

Agents 174
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Fed in No Rush to Cut Rates Until ‘Greater Confidence’ in Taming Inflation

RIS Media

At their June meeting, Federal Reserve members acknowledged there’s been notable progress in lowering inflation, but it’s not going as quickly as they’d like to consider cutting key interest rates, according to meeting minutes released Wednesday. While the central bank conceded that the economy is showing signs of strength, all 19 FOMC members voted to… The post Fed in No Rush to Cut Rates Until ‘Greater Confidence’ in Taming Inflation appeared first on RISMedia.

Banks 122
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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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Can you hear me now? Why your clients miss 50% of what you say

Inman

Less talk, and more listening. Inman contributing writer Rachael Hite shares the real reason your transactions turn topsy turvy — and why it has everything to do with what's lost in translation.

Brokerage 146
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What is The Worst Time of Year For Selling a Home?

Maximum Exposure Real Estate

Knowing the worst time to sell a home is crucial. Selling a house requires strategic timing to maximize profits and minimize stress. Understanding the worst months to sell can help you plan better. I have put significant effort into explaining the following information in excellent detail so you can make the best-selling decisions: The seasonal […] The post What is The Worst Time of Year For Selling a Home?

Marketing 117
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Leaders in luxury: Leslie McElwreath

Inman

Leslie McElwreath shares her insights and experiences for how to win in the demanding yet ever-exciting and rewarding luxury real estate industry.

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Chicago Team Leader Banks Growth on Custom Service

RIS Media

Above, Danielle Dowell Danielle Dowell grew up in a small Missouri town with dreams of a big-city life. Restless after two years of college, she traveled for a while before settling in Chicago, where the worlds of industry and hospitality combined to inspire her passion for real estate. As a new licensee with Berkshire Hathaway… The post Chicago Team Leader Banks Growth on Custom Service appeared first on RISMedia.

Banks 111
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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.