RIS Media

NOVEMBER 3, 2023

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to the latest report from Freddie Mac, mortgage rates declined slightly after seven weeks of continuous rate increases—still sitting below 8%. The 30-year mortgage rate is 7.76% as of Nov. 2, 2023, a 0.03%… The post Mortgage Mix: Uncertainty Lies Ahead as Rates Stall appeared first on RISMedia.

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Housing Wire

NOVEMBER 3, 2023

When it comes to marketing your real estate business, video is king. Global statistics from 2023 show that people watch videos an average of 100 minutes a day, with millennials — the largest share of homebuyers in the U.S. — spending 10 to 20 hours a week watching videos. From short Instagram reels to longer videos on YouTube , video is here to stay.

Marketing 542

Marketing Title As-is Technology 542

Keeping Current Matters

NOVEMBER 3, 2023

If you’re ready to buy a home but are having a hard time affording it on your own, or, if you have aging loved ones you need to care for, you might want to consider a multi-generational home.

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Housing Wire

NOVEMBER 3, 2023

The jobs report today which should move mortgage rates lower, demonstrates why it’s time for the Federal Reserve to land the plane. The labor market doesn’t show wages spiraling out of control as it did in the 1970s because the inflation data doesn’t look like anything in the 1970s. We had a solid job openings print this week and jobless claims are still near historic lows.

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Mortgages Land As-is Marketing 508

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Real Estate News

NOVEMBER 3, 2023

The pace of jobs and wages slowed in October, which may reduce inflation and potentially knock down mortgage rates in time for the spring selling season.

Mortgages 299

Mortgages 299

Housing Wire

NOVEMBER 3, 2023

Texas-headquartered lender and servicer Mr. Cooper pointed to a cybersecurity incident that forced the company to lock down certain technology systems including access to its online payment portal. “On October 31, Mr. Cooper became the target of a cyber security incident and took immediate steps to lock down our systems in order to keep your data safe.

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Technology Finance Mortgages Industrial 476

Housing Wire

NOVEMBER 3, 2023

Speculation is still swirling around what Judge Stephen Bough’s final ruling on the Sitzer/Burnett commission lawsuit will be and how it will impact the industry. Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members.

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Real Estate News

NOVEMBER 3, 2023

CEO Glenn Sanford acknowledged the challenging market, but said eXp has increased market share and added agents even as revenue remains flat.

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Agents Marketing 278

Housing Wire

NOVEMBER 3, 2023

Anywhere Real Estate partnered with agent-client collaboration platform RealScout to allow the company’s affiliated real estate agents and franchise owners “to engage, nurture, and convert clients at each stage of the real estate journey,” according to an announcement on Friday. The RealScout platform will be available across all of Anywhere’s brands, such as Century 21, Coldwell Banker and Sotheby’s International Realty.

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Staging Branding Residential Agents 446

Inman

NOVEMBER 3, 2023

After breaching 8 percent in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring.

Mortgages 206

Mortgages Investor Marketing 206

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Housing Wire

NOVEMBER 3, 2023

The Consumer Financial Protection Bureau (CFPB) this week published a report analyzing state-level community reinvestment laws and ways they promote reinvestment activities for entities including mortgage companies. The 32-page report features details about the ways state governments aim to ensure financial institutions’ lending, services and investment activities meet the credit needs of their local communities, including mortgage companies, credit unions and banks.

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Lending Banks Mortgages Loans 434

Inman

NOVEMBER 3, 2023

NextHome CEO James Dwiggins points out that the final chapter of the bombshell commission lawsuits hasn't been written in this interview with Bernice Ross. Find out what you need to know to plan ahead.

Agents 190

Agents MLS Marketing 190

Housing Wire

NOVEMBER 3, 2023

In light of the recent verdict in the Sitzer/Burnett commission lawsuit , RE/MAX executives expressed great satisfaction about their decision to settle the suit — as well as the Moehrl and Nosalek lawsuits — for $55 million before it headed to trial. “While it came as a significant financial cost, we believe it was absolutely the best decision for all of our stakeholders, affiliate, employees, shareholders, and debt holders alike,” Steve Joyce, RE/MAX’s CEO, told investors and analysts during th

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Investor Branding Agents As-is 434

Inman

NOVEMBER 3, 2023

Jimmy Burgess helps you tackle your stinkin' thinkin' and elevate your vibration with positive attitude techniques that can transform the way you do business.

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Agents Marketing 187

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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

Brokerage

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI). The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing.

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Inman

NOVEMBER 3, 2023

Two or more smaller apartments being combined to make one bigger living space has cost the city over 100,000 housing units according to "The New York Times.

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Marketing 187

Housing Wire

NOVEMBER 3, 2023

eXp World Holdings executives did not mention the Sitzer/Burnett verdict in their third quarter earnings presentation on Thursday, but analysts wanted to hear their thoughts on the potential implications. In response, Glenn Sanford, the founder and chief executive of the company, which is parent to eXp Realty , expressed concern about low-income homebuyers who may not be able to afford representation “if the rules change too much.

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Brokerage Industrial Agents Marketing 432

Inman

NOVEMBER 3, 2023

With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Oct. 27 - Nov. 2, 2023.

Agents 187

Agents 187

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

Housing Wire

NOVEMBER 3, 2023

The process of finding, buying and owning a home today is disjointed, antiquated and messy. homegenius Real Estate understands the need to deliver differentiated value in a very congested market. That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey.

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Closing costs Short sale Technology New Construction 430

Inman

NOVEMBER 3, 2023

RealtyTek is a mobile app for real estate agents and their customers to help automate transaction business functions, but it struggles with growing pains in a few critical places.

Agents 187

Agents Sales Technology 187

Housing Wire

NOVEMBER 3, 2023

October job gains significantly cooled compared to September, falling back under the average monthly gain of 258,000 over the prior 12 months. Total nonfarm payroll employment increased by 150,000 jobs in October, half of the number posted in September , according to data released by the Bureau of Labor Statistics. Meanwhile, the unemployment rate rose slightly to 3.9%, aligning with the Fed’s projection for 2023 of 3.8%.

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Marketing Construction MLS Mortgages 427

Inman

NOVEMBER 3, 2023

This week, we're breaking down the aftermath of that $5 billion verdict in favor of the plaintiffs in Sitzer | Burnett.

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Brokerage Agents 138

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

Housing Wire

NOVEMBER 3, 2023

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. But, there are steps that both brokers and agents can take to minimize the damage of a worst-case scenario.

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MLS Brokerage Property Management Agents 345

Bigger Pockets

NOVEMBER 3, 2023

What is ARV in real estate? You’ve heard the term before but might not know what it means.

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Realty Biz

NOVEMBER 3, 2023

When it comes to high-end living, smart home technology is not just a trend; it’s revolutionizing the way we experience comfort and convenience. And every luxury home should take advantage of smart home technology. The innovations are impressive, from automated lighting systems that adjust based on natural sunlight to voice-activated assistants that can control various aspects of your home.

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Technology Design Branding As-is 129

Bigger Pockets

NOVEMBER 3, 2023

The latest meeting of the Federal Reserve has confirmed expectations that it would hold rates at their current levels. Key interest rates will remain in the range of 5.25% to 5.

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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.

Sales

RIS Media

NOVEMBER 3, 2023

Total nonfarm payroll growth increased by 150,000 in October, and the unemployment rate changed little, increasing 3.9% over last month’s 3.8%, according to the latest U.S. Bureau of Labor Statistics (BLS) report released Friday. The numbers fell short of economists’ expected gains following a robust September reading. According to the report, job gains occurred in… The post Job Growth Cools With U.S.

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Industrial Mortgages Agents 122

Bigger Pockets

NOVEMBER 3, 2023

Home prices reached a new record, according to the latest Case-Shiller Index report. These cities are on the rise.

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Marketing 131

RIS Media

NOVEMBER 3, 2023

ERA® Real Estate has announced the affiliation of Meraki Real Estate ERA Powered, a multi-office brokerage based in Norman and Oklahoma City, Oklahoma. Founded in 2015, the family-owned firm is led by husband-and-wife duo Zan and Bryan Waldenville. The company specializes in new development, as well as residential, luxury and investment properties. Zan, a Norman… The post ERA Announces Oklahoma Affiliation appeared first on RISMedia.

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Brokerage Residential Development As-is 122

Sotheby's International Real Estate

NOVEMBER 3, 2023

Highlights from this week’s top news stories on luxury and global real estate, and home. Sarasota, Florida | Premier Sotheby’s International Realty The owners used the Sarasota property to showcase their massive collection of art deco posters, glassware and cocktail shakers. Inside a Waterfront Florida Home That Rivals Most Art Galleries – The Wall Street Journal Turks and Caicos Megamansion Sells for a Record $33.5 Million – Mansion Global Period Elegance and Modern Luxury Converge in Thi

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Agents Sales Marketing 122

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