Wed.Nov 29, 2023

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Why regular check-ins are the unsung heroes of agent retention

Housing Wire

A common thought among brokers revolves around the idea that if your gross commission income or office size is not increasing, you’re not successfully growing your brokerage. However, the tactical approach of regular check-ins and focusing on retention as a cornerstone of fortifying your real estate agent ranks is often underestimated or overlooked.

Agents 428
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2024 will be a better year for buyers — but how much better?

Real Estate News

Forecasts from Realtor.com and Bright MLS offer varying degrees of optimism, with a split on inventory and an eye on wild cards like inflation and the election.

MLS 281
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Nashville breaks into list of top migration destinations for first time since 2021: Redfin

Housing Wire

For the first time since 2021 when Americans relocated in droves, Nashville once again is a top migration destination, according to a new report from Redfin. Nashville , also known as Music City, is No. 9 on the list of the most popular destinations for homebuyers looking to relocate to a new metro area in October. Most people surveyed relocated there from Los Angeles.

Sales 410
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Zillow facing a ‘battle of the titans’ in 2024

Real Estate News

With Homes.com in investment mode, Realtor.com and Redfin are reshaping themselves in pursuit of the top spot among home search portals, T3 Sixty experts say.

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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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Mortgage applications rise timidly during Thanksgiving week

Housing Wire

Lower mortgage rates have brought increased mortgage demand. Total home loan applications increased 0.3% for the week ending Nov. 24 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). Mortgage rates for the 30-year fixed loan averaged 7.29% as of Nov. 22, falling 15 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey.

Mortgages 409
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Brokerage Beat: 'Bachelor' alum, 'agent to the stars' make moves, and more

Real Estate News

"Bachelor" star Jason Mesnick takes his team to Real; Compass celeb agent expands his reach; Christie's nabs Bay Area team; Corcoran Pacific adds owners; more.

Agents 264

More Trending

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Music City hitting the right note for those looking to move

Real Estate News

Nashville, which offers a mix of relatively affordable home prices and a low cost of living, made it back onto Redfin’s latest migration destination list.

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Get more real estate buyer leads in 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. Snatching up first-time homebuyers is akin to striking gold — since developing a relationship with them can mean a loyal client for life.

Branding 402
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FHA 2024 loan limits are headed up, chasing rising home prices

Inman

Annual home price appreciation of 5.5 percent pushes FHA loan limits up to a minimum of $498,257 in affordable markets, and to a ceiling of up to $1.72 million in high-cost states like Alaska and Hawaii.

FHA loan 191
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Why the Economy Won’t Tank the Housing Market

Keeping Current Matters

If you’re worried about a coming recession, you’re not alone.

Marketing 259
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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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Team co-led by former ‘Bachelor’ Jason Mesnick joins Real

Inman

Mesnick and his business partner Chris Dalto have left Compass and brought their Seattle-based luxury team, MDG Residential, to Real. Within its first year, the team closed more than $100 million in sales volume.

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WA adopts new rules to phase out fossil fuels in new construction

Seattle Times Real Estate

Under new the new codes adopted Tuesday, builders would need to match the energy efficiency of heat pumps in order to install gas in new buildings.

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NAR argues against setting trial date in Moehrl commission suit

Inman

The trade group's attorney says NAR is "still analyzing" the consequences of the Sitzer | Burnett verdict. Judge Andrea R. Wood says Moehrl is a "different case" that will likely go to trial in Q4 2024.

MLS 184
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Buyer-Agent ‘Musts’ in the New Normal: Get Contracts and Get Educated

RIS Media

Buyer agents in the post-Burnett world must be more precise in their conversations with clients, while also being able to provide updated information on what’s happening in the legal realm regarding residential real estate sales. And getting contracts with new buyer clients that spell out how much they will be compensated is also crucial. Those… The post Buyer-Agent ‘Musts’ in the New Normal: Get Contracts and Get Educated appeared first on RISMedia.

Agents 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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RESAAS steps up in midst of Florida insurance crisis

Inman

The ever-evolving technology and business services company is offering an “accessible, affordable and award-winning” home insurance plan for agents to offer clients in Florida.

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Enhancing the Appraisal Process: An Alternative Pathway for Aspiring Appraisers

RIS Media

This past September, Stellar MLS partnered with the Appraisal Institute to launch its Practical Applications of Real Estate Appraisal program (AI PAREA)—an initiative that provides an alternative pathway for aspiring appraisers to gain the experience hours required to become a licensed or certified appraiser, using a standardized approach. A collaboration designed to benefit both real… The post Enhancing the Appraisal Process: An Alternative Pathway for Aspiring Appraisers appeared first

MLS 121
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Homebuyers seizing the day as mortgage rates continue to slide

Inman

Demand for purchase loans picks up for fourth consecutive week, and bond market investors are pushing rates lower on hopes for Fed easing as inflation subsides.

Mortgages 191
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Nurturing Agent Retention in Challenging Real Estate Times

RIS Media

In the realm of real estate, we find ourselves navigating through turbulent waters. The news media paints a gloomy picture, with low inventory and higher-than-normal mortgage rates creating an atmosphere of uncertainty. Oh, and the lawsuit too. In this challenging market, it’s crucial for real estate brokers to focus on agent retention and keep the… The post Nurturing Agent Retention in Challenging Real Estate Times appeared first on RISMedia.

Agents 120
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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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The 2023 word of the year is ‘authentic,’ but what does it mean?

Inman

Leading with authenticity is practically a cliche for real estate professionals and entrepreneurs of all stripes. EXp's Troy Palmquist looks at what it means to be authentic and how you can put it to work in your life.

Brokerage 181
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The Art of Curation: How to Choose and Display Fine Art

Sotheby's International Real Estate

Arthur Goodrich and Federico Parlagreco – Sotheby’s International Realty – St. Helena Brokerage An exceptional art collection may be eclectic, but it’s never disorderly; every piece is chosen because it holds personal significance, or dialogues compellingly with a certain space or place. That’s why if you have a private art collection—or aspire to amass one—knowing how to curate it in your home is so essential.

Brokerage 120
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6 keys for leading into the storm during a market downturn

Inman

With the latest data and leadership lessons from Simon Sinek, mega-team leader Carl Medford offers advice and words of wisdom for leading your organization through the choppiest waters.

Marketing 175
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Leadership for Fraught Times

RIS Media

Moderator: Kymber Lovett-Menkiti, President, Keller Williams Capital Properties, Washington D.C.; Broker Relations Liaison, National Association of REALTORS® (NAR) Panelist: Tracy Kasper, Broker/Owner, Berkshire Hathaway HomeServices Silverhawk Realty; 2024 President, National Association of REALTORS® Kymber Lovett-Menkiti: There is a long tradition of using the November edition of this column to introduce the NAR president for the… The post Leadership for Fraught Times appeared first on

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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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The top 10 cities buyers want most are smaller, more affordable

Inman

According to a new report from Redfin, relocating homebuyers continue to seek out more affordable locales in favor of big, expensive coastal cities.

Agents 190
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Mortgage Applications Increase for Fourth Straight Week

RIS Media

Mortgage applications increased for the fourth straight week, with an uptick of 0.3% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending November 24, 2023. This week’s results include an adjustment for the observance of the Thanksgiving holiday. This week’s numbers: The… The post Mortgage Applications Increase for Fourth Straight Week appeared first on RISMedia.

Mortgages 120
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Beyond intent: What agents get wrong about fair housing

Inman

Fair housing isn't just about what you mean to do, writes Lee Davenport. It's also about the effect your action (or lack thereof) have on hopeful homeowners.

Agents 171
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Window to the Law: Know Your Fiduciary Duties

RIS Media

Editor’s Note: This is part of a monthly video series from the NATIONAL ASSOCIATION OF REALTORS® to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily Real Estate Advisor. In this edition of Window to the Law, see why fiduciary duties are… The post Window to the Law: Know Your Fiduciary Duties 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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What other cities can learn from LA’s rocky ‘mansion tax’ rollout

Inman

LA's new tax on high-priced property sales has been a drag on the real estate industry while raising far less revenue than the city expected, an Intel analysis suggests.

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New Evidence Shows That Banning Airbnbs Reduces Rent Prices—What Does That Mean For Investors?

Bigger Pockets

Airbnb has faced a lot of criticism as of late, with many cities going as far as banning them. New findings show that the long-term effect is just as impactful to investors.

Investor 118
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AI Can Change How You Win Listings in 2024

Inman

Since the first chatbots simulated human conversation, AI has been revolutionizing everything from how we listen to music to predicting natural disasters. But AI is also transforming how people buy and sell homes.

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Housing Affordability Headed for a Turnaround in 2024

RIS Media

2024 is nearly upon us, and realtor.com® has published their forecast for what the year has in store for real estate professionals. Is the new year the same as the old year? Not quite, the forecast states. 2024 will not be a massive turnaround from 2023, but there will be positive movement on home affordability… The post Housing Affordability Headed for a Turnaround in 2024 appeared first on RISMedia.

As-is 117
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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.