Fri.Mar 10, 2023

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How Corcoran grew from a boutique brand to a global presence

Real Estate News

For most of its 50 years, Corcoran was a regional player. But in 2020, its affiliate network took off, and “it’s just the beginning of the story.

Branding 273
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Fannie Mae approves six vendors for controversial new valuation initiative

Housing Wire

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Fannie Mae last Wednesday updated its Selling Guide to include more options for property valuations, saying that the GSE is “moving away from implying that an appraisal is a default requirement.

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Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

Keeping Current Matters

Some Highlights If you’re trying to decide whether to rent or buy a home, there are a few things you should consider. Homeownership can help you escape the cycle of rising rents, builds your wealth, and serves as a hedge against inflation.

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Why mortgage rates fell with a stronger jobs report

Housing Wire

What a week this has been for the housing market , from the fireworks of Fed Chair Jay Powell’s Congressional testimony to an attempt to break over a critical line on the 10-year yield. Then Friday we got solid jobs and labor force growth data and the surprising failure of Silicon Valley Bank. Let’s look at each of these, one at a time. Fed Chair talk First, Federal Reserve Chairman Jerome Powell did not have his best week as he looked unsure of himself, like most Fed members have recently

Mortgages 382
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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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Tech Bytes: ShowingTime+ adds markets, MoxiWorks offers management portal, more

Real Estate News

Listing Media Services in 6 new markets, MoxiWorks partners with Milestones, Revive partners with NextHome, CubiCasa adds MLS partners, Mosaik launches.

MLS 211
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Home equity is the bright gem of the housing market

Housing Wire

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. Along with the solid base of home equity that now exists — a byproduct of the rapid home-price appreciation in recent years — there also has been an increase in demand by borrowers to tap that equity.

Equity 370

More Trending

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Impac Mortgage Holdings repositions as broker shop 

Housing Wire

California-based Impac Mortgage Holdings is repositioning itself as a mortgage brokerage and voluntarily giving up its seller-servicer designation with Fannie Mae and Freddie Mac. “Non-transitory inflation and Federal Reserve tightening , coupled with widening credit spreads, has reduced the addressable market for our product offerings,” George Mangiaracina, chairman and CEO, said in a statement.

Mortgages 369
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Silicon Valley Bank, proptech hub for real estate clients, collapses

Inman

In the most dramatic banking implosion since the Great Recession, regulators on Friday shut down the bank, which boasted ties to proptechs, including Airbnb, Opendoor and OJO.

Banks 148
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Guild reports improved profits for 2022, affirms appetite for M&As

Housing Wire

California-based lender Guild Mortgage posted a higher profit in 2022 thanks to its increased purchase mortgage market share — and now has its eyes set on acquiring other lenders. Guild, the purchase-focused lender with a distributed retail model, posted a net income of $328 million in 2022 despite posting a loss of $15 million in the fourth quarter of the year.

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Agents sue largest Coldwell Banker franchise over commission ‘scheme’

Inman

Coldwell Banker Seacoast Advantage allegedly pocketed commission fees it told its agents were going to the franchisor. The brokerage says the allegations are "a complete fabrication.

Agents 148
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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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Opinion: Setting the record straight on IMBs

Housing Wire

This week, the Community Home Lenders of America (CHLA) released a special report entitled “The Ubiquity of IMB Regulation.” This report is important to independent mortgage banks (like Atlantic Bay Mortgage ) that are increasingly dominating mortgage markets and leading the market in serving minority and underserved borrowers. Unfortunately, the growth of IMBs over the last decade has opened IMBs up to increasingly strident attacks.

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Luxury home purchases hit record low as buyers eye other investments

Inman

Luxury home sales fell 44.6 percent year over year, according to data released Friday by Redfin. Prices are nevertheless still high because inventory is so low, economists say.

Sales 138
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Four states and Washington, D.C. record annual home equity declines

Housing Wire

Despite the housing market cool down , homeowners with mortgages , which accounts for roughly 63% of all properties, gained $1 trillion in equity between the fourth quarter of 2021 and the fourth quarter of 2022, according to a report released Thursday by CoreLogic. On average, U.S. homeowners with mortgages gained $14,300 in equity , a jump of 7.3%, from Q4 2021 to Q4 2022.

Equity 368
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Monthly homebuyer payments just hit all-time high as spring arrives

Inman

The typical monthly payment rose to $2,563 this week despite home prices that were down 1 percent, according to data on Friday. That’s the highest monthly payment on record, up 29 percent from last year.

Mortgages 135
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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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Is job growth slowing enough for the Fed?

Housing Wire

Job growth continued in February, but at a slower pace, suggesting that the Federal Reserve interest rate hikes are having at least a mild impact on the labor market. However, the continued job market resilience could equate to even tighter monetary policy , spelling hard times ahead for the housing market. Total nonfarm payroll employment rose last month by 311,000 jobs compared to January , according to data released Friday by the Bureau of Labor Statistics.

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How to craft a personal brand that sticks (even if you switch)

Inman

People will remember your profile sometimes more often than they will remember your name if you do it right. Marketing expert Michelle Berman shows us how color can impact your brand and your audience engagement.

Branding 130
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Households’ Real Estate Asset Value Falls for First Time Since 2012

Eye on Housing

The most recent release of the Z.1 Financial Accounts of the United States shows a decrease in the value of households’ real estate assets over the fourth quarter of 2022. As home prices begin to decrease from pandemic highs, households’ real estate asset value fell for the first time since the first quarter of 2012. The level of households’ real.

Equity 115
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Symba has the cheat codes for managing agent finances: Tech Review

Inman

Symba is fintech-light layered over a deal tracker, spliced with back-office accounting. It’s a superb tool for anyone new or growing in the business and a solid accessory solution for those already comfortable managing their numbers.

Finance 128
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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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Luxury Real Estate Headlines: Second Week in March, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Washington, District of Columbia| TTR Sotheby’s International Realty The Georgetown property where the former first lady stayed following President John F. Kennedy’s assassination was combined with two other houses. Washington, D.C., Compound Where Jackie Kennedy Lived Asks $26.5 Million – The Wall Street Journal These Will Be the Most Popular Luxury Home Features in 2023 – House Be

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Douglas Elliman earnings fall short to close out 2022

Inman

The company logged revenue of $207.3 million in the fourth quarter of 2022 compared to $334.2 million a year earlier, according to an call Friday morning to discuss Q4 and 2022 earnings.

Closing 127
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Pre-Listing Inspection: What Home Sellers Need to Know

Maximum Exposure Real Estate

Home Inspection Checklist For Sellers: Pros and Cons Are you considering getting a pre-listing home inspection done? Should a seller hire a home inspector? Many homeowners will ask their real estate agent if getting their home pre-inspected before putting it on the market is a good idea. Having been a real estate agent for the […] The post Pre-Listing Inspection: What Home Sellers Need to Know appeared first on Maximum Real Estate Exposure.

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The Nassimi Group hitches its wagon to Douglas Elliman

Inman

Formerly an independent brokerage, The Nassimi Group has relinquished its indie status to become a 10-person team under Douglas Elliman. In 2022, Richard Nassimi closed roughly $80 million in sales volume.

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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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Plunk Partners with 3 Tech Startups to Shake Up the Real Estate Industry

Broke Agent Media

BAM Key Details: Plunk, the world’s first and (so far) only real-time AI-driven property valuation platform is partnering with emerging proptech disruptors to revolutionize mortgage lending, housing inventory, and influencer marketing. Plunk combines AI, machine learning, and image analysis to provide real-time, comprehensive property valuations that help homeowners identify renovation projects with the best ROI.

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What the top brokerages’ color choices say about them (and how to choose your personal branding)

Inman

Color can make a difference in everything from how you feel to how you’re perceived. Find out how to use it more effectively in your branding and marketing.

Branding 117
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Housing Risk Report Spotlights Most Vulnerable Markets in Q4 2022

Broke Agent Media

BAM Key Details: According to a special Housing Risk Report released by ATTOM, California, Illinois, and East Coast markets top the list of areas most vulnerable to downturns. Chicago and New York City areas remain at higher risk based on key market measures for Q4 2022. South and Midwestern markets are less vulnerable. ATTOM released a special Housing Risk Report yesterday, spotlighting the markets most vulnerable to a downturn based on key market measures for Q4 2022.

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Latest jobs numbers take pressure off wages — and mortgage rates

Inman

The real estate industry got two kernels of good news in the latest jobs numbers from the U.S. Bureau of Labor Statistics.

Mortgages 127
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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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A Little Weed Doesn’t Hurt Anyone…Does It?

Broke Agent Media

Real estate is a demanding industry—one that requires your attention and energy at all hours of the day. So, it’s no surprise that many agents turn to some form of self-medication to take the edge off. But here’s the question: is your chosen method of stress relief helping or hurting your business? Some swear by smoking weed, acknowledging how it helps them manage stress and anxiety.

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Antitrust regulators move to block ICE’s $11.7B Black Knight acquisition

Inman

The Federal Trade Commission alleges the deal would put an end to intense competition between the companies and drive up costs for lenders and homebuyers.

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Sioux Falls Housing Market: Prices, Trends, Forecast 2023

Marco Santarelli

Sioux Falls Housing Market for 2023: An Overview The Sioux Falls housing market has been on a roller coaster ride for the past year, with rising interest rates, limited inventory, and affordability challenges causing fluctuations in buyer and seller behavior. As we move into 2023, let's take a closer look at the latest market statistics to gain insight into what we can expect in the coming months.

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Inman’s Top 5 stories of the week March 3-9, 2023

Inman

Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for March 3-9, 2023.

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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.