Thu.Nov 30, 2023

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Is Owning a Home Still the American Dream for Younger Buyers?

Keeping Current Matters

Everyone has their own idea of the American Dream, and it's different for each person.

Marketing 272
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Mortgage rates fall to levels not seen since September

Housing Wire

Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% for the first time since September, according to new data from Freddie Mac. The 30-year, fixed mortgage rate averaged 7.22% for the week ending Nov. 30, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.29% and up from 6.49% the same week a year ago.

Mortgages 512
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Housing Market Decoded: Why 2023 mortgage rate predictions missed the mark

Real Estate News

A year ago, many economists forecast that rates would fall within the 5-6% range by the end of 2023, but the economy didn’t behave as expected.

Mortgages 317
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Pending home sales fall to their lowest level in two decades

Housing Wire

Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). As a result, NAR’s Pending Home Sales Index fell to a reading of 71.4, down from 72.6 in September.

Sales 479
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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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Falling rates and rising inventory a good combo for buyers

Real Estate News

Rates edged closer to the 7% mark this week, improving affordability. Coupled with a small bump in listings, that could mean more year-end sales.

Sales 300
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Buyers will have more options in 2024, but affordability woes will persist: Bright MLS

Housing Wire

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. Home sales are expected to rise, as homebuyers will have more options to choose from.

MLS 473

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FHA proposes changes to 203(k) program

Housing Wire

Nine months after requesting input from the industry, the Federal Housing Administration (FHA) issued a proposal on Wednesday to enhance its rehabilitation program. The updates include increases in the maximum rehabilitation costs for the program’s limited version, an extension of the allowable period for more complex projects and changes in consultant fees, among others.

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Pending home sales drop to lowest level on record

Real Estate News

Nationally, pending sales slid 1.5% in October as mortgage rates spiked and buyers retreated.

Sales 260
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Clear Capital’s Kenon Chen on appraisal modernization

Housing Wire

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. Sarah Wheeler: What are some of the biggest challenges right now? Kenon Chen: The challenge that’s in front of everyone continues to be the market itself, and then housing affordability.

Loans 432
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Vacasa gives Matterport multi-year marketing deal

Inman

Matterport and Vacasa will be traveling a lot together in the near future. The vacation home company hired the digital twin creator in a multi-year contract to help market its global portfolio of vacation homes under management.

Marketing 192
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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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How to get a real estate license in Ohio (OH) in 5 steps

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Wondering how to get a real estate license in Ohio in 2024? Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio.

Brokerage 431
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Learn the Law of 3, a strategic tool for real estate leadership

Inman

You've heard of the Pareto Principle. Take it to the next level with the Law of Three, writes luxury consultant Chris Pollinger, a strategy designed to make your leadership more impactful.

Design 185
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Moehrl commission lawsuit trial not expected until end of 2024

Housing Wire

If you are waiting on another commission lawsuit trial, it looks like you will be waiting a while. Judge Andrea R. Wood of the U.S. District Court in Chicago indicated this past spring that the trial in the Moehrl commission lawsuit would take place during the first half of 2024. But those plans seem to be in flux after a telephonic status hearing for the case on Wednesday.

MLS 421
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A step-by-step guide to build the life and business of your dreams

Inman

Building the real estate business of your dreams is a journey that requires vision, hard work and perseverance. Jimmy Burgess and brokerage founder Price Rainer share steps to harness your commitment and achieve your most audacious goals.

Brokerage 185
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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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Fidelity says cybersecurity attack is contained but questions remain

Housing Wire

After about a week of chaos at Fidelity National Financial (FNF) due to a cybersecurity attack , the firm said the incident was contained on Sunday, November 26. In an updated filing with the Securities and Exchange Commission on Thursday, Fidelity disclosed the company became aware of a cybersecurity incident that impacted some of its systems on Sunday Nov. 19.

Title 421
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Defy the market: Strategies for success from industry experts

Inman

Tune in to this week's latest Inman Access class and hear from three industry experts on what real estate professionals should be prioritizing to see success in today's market and in 2024.

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7 best real estate schools in Illinois (IL) for 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. If you’re looking for the best real estate schools in Illinois to complete the required 75 hours of class time you’ll need to get a broker’s license, we’re here to help. In Illinois, real estate agents are called brokers.

HR 421
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Women are supporting women on Threads. Should you?

Inman

The Threads app has exploded with posts of Women Supporting Women, an effort for growing community and connecting with other like-minded women. Jessi Healey explains and advises real estate agents on how to participate.

Agents 178
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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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CFPB’s Chopra addresses mortgage issues in House oversight hearing

Housing Wire

The Consumer Financial Protection Bureau (CFPB) wants to address mortgage issues, including affordability and servicing challenges. However, persistently high mortgage rates currently straining affordability prospects will limit what the Bureau can accomplish. This is according to CFPB Director Rohit Chopra , who offered a semi-annual report on the CFPB in front of the U.S.

Mortgages 410
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5 reasons minority, LGBTQ+ buyers should invest in real estate now

Inman

Don't let fear keep LGBTQ+ and minority clients from realizing the benefits of homeownership. Zak Shellhammer offers ideas for becoming an advocate and adviser for all of your buyers.

Agents 177
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Senior FDIC official to lead Conference of State Bank Supervisors

Housing Wire

The Conference of State Bank Supervisors ’ (CSBS) board of directors appointed Brandon Milhorn – current deputy to Federal Deposit Insurance Corporation (FDIC) vice chairman Travis Hill – as its incoming president and chief executive officer (CEO). Milhorn will assume the new role on Dec. 4, succeeding James Cooper. Cooper retires after serving in the position since June 2022 following the sudden passing of longtime CSBS CEO John Ryan.

Banks 404
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Title insurer Fidelity restoring operations after security incident

Inman

The nation's largest title insurer won't say whether it was the target of a ransomware attack, sparking speculation that it paid a ransom to hackers exploiting Citrix Bleed software vulnerability.

Title 176
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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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Should You Buy a Home When Getting Separated?

RIS Media

The process of going through a divorce is undeniably challenging, with numerous emotional, legal and financial considerations. Amidst the upheaval, whether to buy a home can add another layer of complexity to an already intricate situation. You will see the factors to consider when contemplating the purchase of a home during or after a divorce.… The post Should You Buy a Home When Getting Separated?

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Warren Dow: From neuroscience to real estate tech whiz

Inman

In his latest Snapshot profile, Brandon Doyle interviews Warren Dow, general manager of the real estate division at SavvyCard, about his pivot to real estate technology.

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Falling Inflation Could Lead to Fed Cutting Rates

RIS Media

The Personal Consumption Expenditures (PCE) index, maintained by the Bureau of Economic Analysis (BEA), tracks prices, consumer spending and fluctuations in them month to month. It is also the Federal Reserve’s preferred measure of inflation. If you want a sense of what the Fed’s board might do before their last meeting of 2023 in December,… The post Falling Inflation Could Lead to Fed Cutting Rates appeared first on RISMedia.

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Pending home sales fall to lowest level in more than 20 years

Inman

Pending sales fell 1.5 percent month over month in October to a reading of 71.4, the lowest score recorded since the Pending Home Sales Index began publishing in 2001.

Sales 176
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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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A Glimpse Into Grandeur

RIS Media

Photo Credit: Daniel Milstein for Sotheby’s International Realty Property Highlights: Location: Greenwich, Connecticut Sold For: $138.83 million Features: 13,519-square-foot main house with eight bedrooms and eight bathrooms. Added Appeal: 75-foot heated pool and spa and pool house, grass tennis court, three-bedroom gatehouse, two-bedroom carriage house, two greenhouses, two private beaches and walled gardens with century-old… The post A Glimpse Into Grandeur appeared first on RISMed

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Zillow predicts a ‘breather year’ for homebuyers in 2024

Inman

Homebuyers will have slightly more homes to choose from at slightly more agreeable prices in the new year, according to the portal's 2024 forecast.

Agents 181
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Ken Baris to Lead Panel on Lead Generation at RISMedia’s 2024 Rocking in the New Year

RIS Media

RISMedia is excited to announce that Ken Baris, CEO of Jordan Baris Real Estate, will be heading up an industry-leading panel of real estate experts at the 2024 Real Estate’s Rocking in the New Year, the company’s fourth-annual all-virtual conference to be broadcast live on Jan. 11, 2024. Click here to register! Baris’s panel, “Lead… The post Ken Baris to Lead Panel on Lead Generation at RISMedia’s 2024 Rocking in the New Year appeared first on RISMedia.

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Home inventory finally showing signs of life in November

Inman

There were 7.5 percent more homesellers listing their homes in November 2023 than in November 2022, according to Realtor.com.

Agents 183
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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.