Tue.Jul 09, 2024

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Mortgage rates hold steady despite softer labor market

Housing Wire

Mortgage rates held steady over the past week despite recent signs of relief from the labor market, according to HousingWire’s Mortgage Rates Center. In large part because of the lack of clarity as to when the Federal Reserve will begin cutting the benchmark rate, mortgage rates remained above the 7% level. The average 30-year rate for conforming loans sat at 7.11% on Tuesday, unchanged from one week ago.

Mortgages 429
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Association leaders ‘emphatically deny’ profiting from MLS sale

Real Estate News

A new statement takes aim at “misinformation and concern” surrounding the proposed sale of REcolorado and provides details on the buyer and his intentions.

MLS 256
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The Real Brokerage surpasses 20,000 agents

Housing Wire

Fast-growing firm The Real Brokerage is celebrating its 10 th anniversary by announcing that it has surpassed 20,000 agents. In an announcement on Tuesday, the firm said it has added roughly 1,000 agents per month throughout the first half of 2024. “I can’t tell you what an amazing feeling it is to reach this milestone. Thank you to our agents and Real employees who come to work each day committed to creating a different type of real estate experience.

Brokerage 425
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CoStar pulls high-profile Homes.com ads

Real Estate News

BBB’s ad division sides with Realtor.com challenges to Homes.com traffic claims — the latest twist in the hard-fought battle for the No. 2 spot in home search.

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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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Lamacchia Realty continues acquisition spree with Berkshire Dream Home

Housing Wire

Massachusetts -based Lamacchia Realty is continuing its expansion. The brokerage announced Tuesday that it has acquired Dalton, Massachusetts-based Berkshire Dream Home for an undisclosed sum. Berkshire Dream Home was founded in 2014 by Andy and Sarah Perenick. According to the release, in was the top firm in Berkshire County for transaction sides in 2022 and 2023.

Brokerage 425
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New MoxiWorks CEO poised to disrupt real estate tech

Real Estate News

Eric Elfman took the helm at the proptech giant in June and is ready to take on competitors, go deeper with AI and “get back to customer-centricity.

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Why Your Asking Price Matters Even More Right Now

Keeping Current Matters

If you’re thinking about selling your house, here’s something you really need to know.

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EasyKnock faces consumer lawsuits and actions from state regulators

Housing Wire

Residential sale-leaseback platform EasyKnock continues to face scrutiny from state regulators and is now under fire from disgruntled consumers. As of early July, the firm was facing consumer lawsuits in Texas, Maryland, South Carolina, Pennsylvania and Ohio, and actions from state regulators in Massachusetts, Michigan and Connecticut. The increased interest in EasyKnock began in December of 2023 , when Massachusetts Attorney General Andrea Joy Campbell announced that she had entered into a sett

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Rapidly growing Real Brokerage surpasses 20K real estate agents

Inman

The publicly traded real estate brokerage reached the milestone on its 10th anniversary and set its sights on a closing-bell celebration at the Nasdaq exchange Tuesday afternoon.

Brokerage 194
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More than 25% of retired investors are paying down mortgage, credit card debt

Housing Wire

Over a quarter (26%) of retired investors continue to pay off their mortgage, and precisely one-quarter of the cohort are continuing to pay down credit card debt, according to a new survey from the Nationwide Retirement Institute. The U.S. retirement population is getting older at a faster rate and are also confronted with inflation as an impediment to making ends meet.

Investor 407
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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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Lamacchia Realty buys Berkshire Dream Home in Massachusetts

Inman

The deal marks the seventh purchase in 12 months for Massachusetts-based Lamacchia Realty as it signals acquisitions across New England in 2025. "I want to triple that in the next 12," CEO says.

Brokerage 191
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What are you focusing your energy on in 2024?

Housing Wire

Nominations for the 2024 HousingWire Vanguards award are open throughout the month of July. To celebrate the industry’s most prestigious award for c-suite execs in mortgage and real estate, HousingWire reached out to some of last year’s honorees to hear more about their current priorities and asked the question: What are you focusing your energy on in 2024?

Branding 403
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Local MLSs are doomed. The case for data consolidation in real estate

Inman

The thing holding many local MLSs in place is a desire for power and control rather than seeking the best for real estate agents and brokers, writes Mainframe Real Estate founder Sean Frank.

Agents 183
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FHLBank Chicago adopts VantageScore 4.0 model

Housing Wire

The Federal Home Loan Bank of Chicago (FHLBank Chicago) and consumer credit scoring system VantageScore announced on Tuesday that the bank is now accepting mortgage collateral using VantageScore 4.0, an updated version of the scoring system using trended credit bureau data. “[M]ember financial institutions can now pledge mortgage collateral using VantageScore credit scores as an alternative to the Classic FICO credit score model,” the announcement said.

Banks 383
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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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Kevin Sears opens up about NAR, the DOJ and a hectic year of travel

Inman

In his six months as president, Sears has racked up time in Washington with the DOJ, focused on the trade organization's future and traveled — a lot. He shared his takeaways with Inman ahead of ICLV.

Brokerage 180
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Seattle OKs incentives for developers turning offices into housing

Seattle Times Real Estate

Seattle hopes to spur hundreds of new apartments in what are now empty office buildings, but converting buildings can be expensive and difficult.

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Embrace innovation in real estate: A call to action for industry leaders

Inman

The future of real estate lies in our industry's ability to innovate, adapt and align our brands with the evolving market landscape, PR and marketing expert Molly McKinley writes.

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Social Skills: Blogging to Grow Your Real Estate Business

RIS Media

Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. In the modern age of social media forms and the storytelling that comes with them, blogging feels like a bit of an outdated form of marketing. This, however,… The post Social Skills: Blogging to Grow Your Real Estate Business appeared first on RISMedia.

Agents 126
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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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Suburban Chicago homeowner hit with $30K property tax bill in error

Inman

Homeowner Darryl Lloyd was stunned to receive an errant property assessment of more than $1 million from assessors, causing his bill this year to skyrocket from $1,800 to a whopping $30,000.

Marketing 161
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Crest Hardware Is Closing, Property Likely to Be Developed

Brownstoner

We are sad to report that Crest Hardware is closing after 62 years in business. Rumors have been circulating on social media for weeks after tenants said leases were not being renewed. In recent days, customers received a letter from the store announcing its closure. The property will be sold… Read More > The post Crest Hardware Is Closing, Property Likely to Be Developed appeared first on Brownstoner.

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What’s the most unprofessional thing you’ve seen an agent do?

Inman

Professionalism (or a lack thereof) is important everywhere — on social media, on the phone and face-to-face, but which agents are putting their worst out into the world?

Agents 163
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Fostering Local Solutions to the Housing Supply and Affordability Crisis

RIS Media

Last year, the National League of Cities and the American Planning Association embarked on an effort to discover and advance locally driven solutions to our country’s housing supply and affordability crisis. The goal? To unite the public and private sectors to help local governments meet their residents’ housing needs. Recognizing the complexity of addressing these… The post Fostering Local Solutions to the Housing Supply and Affordability Crisis appeared first on RISMedia.

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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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How I secured a Soho penthouse for clients after a 4-day search

Inman

In this luxury case study, learn how The Agency's Daniel Blatman overcame multiple offers and a short timeline to help his clients meet their goals.

Brokerage 169
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Fed Chair Jerome Powell Plays Coy About Rate Cuts in Senate Hearing

RIS Media

Federal Reserve Chair Jerome Powell testified before the Senate Committee on Banking, Housing and Urban Affairs, mostly dodging questions about rate cuts while being pressed by lawmakers on housing affordability, inventory and a wobbly commercial real estate market. Powell struck a measured tone; he did not offer a timeframe on when the Fed might lower… The post Fed Chair Jerome Powell Plays Coy About Rate Cuts in Senate Hearing appeared first on RISMedia.

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5 tips for advertising rentals through portals and social media

Inman

RentRedi's Ryan Barone offers strategies for branding and marketing rental properties across a variety of digital platforms.

Branding 183
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Report: Housing Inventory Grows Nationwide

RIS Media

Housing inventory saw a big increase in June, as the number of homes actively for sale grew for an eighth straight month and increased 36.7% year-over-year, according to new data from Realtor.com®. Realtor.com’s Monthly Housing Trends Report for June found that new listings increased 6.3%, but were down 24.4% from 2019. In addition, the median… The post Report: Housing Inventory Grows Nationwide appeared first on RISMedia.

Sales 118
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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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No HomeServices deal yet, months after settlement announcement

Inman

The franchisor and plaintiffs offered different reasons for why HomeServices has yet to finalize its commission settlement agreement after announcing it had reached one for $250 million in April.

MLS 129
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CoStar Agrees to Change Homes.com Ads After Realtor.com Challenge

RIS Media

CoStar has agreed to change some key advertising claims regarding its Homes.com residential portal amid a contentious back and forth with bitter rival Realtor®.com, following a recommendation from the Better Business Bureau (BBB) as both companies continue to battle viciously over metrics, measurements and market share. Realtor.com’s parent company, Move, Inc., had previously challenged how… The post CoStar Agrees to Change Homes.com Ads After Realtor.com Challenge appeared first on RISMed

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CoStar censured for claims made about traffic in Homes.com ads

Inman

The Better Business Bureau National Programs' National Advertising Division has recommended that CoStar Group's residential portal Homes.com ceases using claims that it has double the traffic of Realtor.com in its ads. CoStar Group has complied with the request.

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9 Expert Summer Real Estate Tips to Sell Your Home

HomeLight

If you’re selling your home during June, July, or August, you’re in the right place to pick up a few expert summer real estate tips to help you speed up the sale and potentially increase your proceeds. “Summer is a busy time for home shoppers, and you can do little things that help your home to stand out,” says Dusty Rhoton , a top real estate agent in Northern Arizona with more than 22 years of experience.

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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.