Fri.Dec 29, 2023

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First American says system has been restored; perpetrator stole data

Housing Wire

More than a week after it shut down systems to combat a cybersecurity incident , title insurance giant First American Financial says it has restored some key systems and “contained the threat.” Though details about the hack — which has delayed closings across the country — remain sparse, a filing was made with the Securities and Exchange Commission on Friday for the first time disclosing data theft. “As of the date of this filing, the Company believes it has contained the incid

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The Ten: How commissions lawsuits defined the year, and what’s next

Real Estate News

The Sitzer/Burnett trial put a spotlight on compensation, but it’s far from “case closed” as questions — and lawsuits — about how agents get paid multiply.

Closing 208
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Homebuying has not been this affordable since May: ICE

Housing Wire

The decline in mortgage rates in November helped financially strained homebuyers, according to ICE Mortgage Technology ‘s latest Home Price Index data. It took $279 less per month to purchase the median-priced home in November compared to October, according to ICE Vice President of Enterprise Research Andy Walden. As a result, mortgage demand ticked up as well last month.

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Navigating land purchase and investment strategies

Inman

Land expert and new Inman Contributor Poujan Sadri offers insights to help you understand the world of land use and development for residential, commercial or industrial projects.

Land 188
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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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Twixmas is the perfect time to claim email amnesty

Housing Wire

Happy Twixmas, kids! First of all, let’s unpack this precious time between Christmas and New Year’s when real estate pros are left wondering, what the heck do I do with myself and all of this unclaimed time?! Yes, you can (and definitely should) follow the lead of your friends who are on salary by kicking back a little, relaxing, regrouping and spending a little extra time with your littles and loved ones, but you also have to admit, those of us who live from commission check to comm

Brokerage 393
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5 things your broker is too nice to tell you, but you need to hear

Inman

You may not want to hear the truth, writes Jimmy Burgess, but you need to hear it if you want to make big improvements in your performance. Here are the five things you need to get real about.

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Pickleball and neutral walls: The top 5 home design trends for 2024

Inman

From warm neutrals and wood slat walls to personal pickleball courts and a renewed interest in furniture with curves, designers revealed their favorite home design trends for the new year.

Design 179
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Rocket’s Varun Krishna appointed to newly created board position

Housing Wire

Rocket Companies expanded its board of directors from seven to eight, giving its chief executive officer Varun Krishna a newly-created seat. Krishna was voted to serve as a Class III director, effective December 21, 2023, according to an 8-K filing with the Securities and Exchange Commission (SEC) on Thursday. Krishna will serve “for a term expiring at the company’s 2026 annual meeting of stockholders and until his successor is elected and qualified, subject to his earlier death, resignat

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A Maryland homeowner just filed yet another commission lawsuit

Inman

The case is the latest of numerous antitrust lawsuits that have emerged in the wake of the October verdict in Sitzer | Burnett. It names NAR, Compass, Redfin and others as defendants.

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Zillow files antitrust suit against real estate listing services

Seattle Times Real Estate

The case is the latest challenge to established real estate players, after a federal jury decision dealt a blow to long-standing industry commission practices.

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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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The 31 biggest residential deals of 2023 commanded $50M or more

Inman

New York City and Palm Beach saw the greatest number of high-end luxury sales this year, while Los Angeles, marred by the new mansion tax, did not make the list.

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Connecticut Team Built on Knowledge and Service

RIS Media

Above, seated from left, Kendall Sneddon, Jaime Sneddon and Ashley Howell Petraska; standing, from left, Aileen Mastey and George Bakes From the day Jaime and Kendall Sneddon met at a Super Bowl party in 1991, they knew they were on the same wavelength. They are energetic go-getters with corporate backgrounds and an equally passionate work… The post Connecticut Team Built on Knowledge and Service appeared first on RISMedia.

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Rocket’s new CEO Varun Krishna takes seat on board of directors

Inman

The mortgage lending giant's board of directors has been expanded from seven members to eight to accommodate the move. Krishna's term will expire at the company's 2026 annual meeting.

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Freddie Mac House Price Index Increased in November; Up 6.3% Year-over-year

Calculated Risk Real Estate

Note: The Freddie Mac index is a repeat sales index using only loans purchased by Fannie and Freddie and includes appraisals. See FAQs here. Freddie has data for all states and many cities. For house prices, I’m currently following Case-Shiller, FHFA, CoreLogic, (ICE) Black Knight, the NAR median prices, and this Freddie Mac index. Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.6% month-over-month on a seasonally adjusted (SA) basis in November.

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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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These green building materials will create a more sustainable future

Inman

Forget concrete and steel. According to CEO and investment expert Avi Philipson, the future of building is greener and more sustainable and fueled by surprisingly traditional materials.

Design 164
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What is A Condominium Association: Rules, Fees, Pros and Cons Explained

Maximum Exposure Real Estate

Do you know what a condominium association is and how they work? As a Realtor who has been in the business for the past thirty-eight years, one of the questions I often get from buyers is what a condominium association is. What purpose does a condominium association serve? When you begin looking to buy a […] The post What is A Condominium Association: Rules, Fees, Pros and Cons Explained appeared first on Maximum Real Estate Exposure.

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How well do you remember 2023’s biggest real estate stories?

Inman

Scandals, lawsuits, technology and more dominated the headlines in what turned out to be one of real estate's most eventful years in recent memory.

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Is Your Home Getting the Royal Treatment on Real Estate Social Media?

HomeLight

The pace of marketing homes online has vastly accelerated over the past few years, so much so that 74% of real estate agents are active on different real estate social media channels and websites. Josh Anderson , a top-selling Nashville real estate agent with 17 years of experience, who sells homes 52% faster than the average agent in his area, recommends a multi-tiered approach for agents on social media, using not just one platform but several.

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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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9 aha moments that significantly improved my life in 2023

Inman

Instead of just looking ahead to 2024, writes author and trainer Bernice Ross, it's a good idea to look back at some of the lessons you've learned and the challenges you've faced and apply those lessons to your upcoming plans.

Agents 152
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Will Your 2024 Credit Score Get You The Home Loan You Need?

HomeLight

For most people, mortgages go hand-in-hand with buying a home. A National Associations of Realtors report from November 2023 noted that 80% of homebuyers financed their purchases, slightly higher than the 78% recorded last year but notably lower than the 87% reported two years ago. What is the best credit score to buy a house? To take it one logical step further, credit scores go hand-in-hand with mortgages, so if you’re considering buying a home, you’ll also need to consider your credit score.

Loans 102
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More agents than ever earn business from networking and SOI

Inman

From cold calling and radio shows to painting classes, agent efforts to grow sphere of influence aren't one-size-fits-all.

Agents 176
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How to Sell My House Fast in Vermont: Cash Offer Options

HomeLight

Selling your house in Vermont is a big decision, especially when looking to do it quickly. Whether you’re relocating for a new job, struggling with finances, or dealing with personal issues like a divorce, the need for a fast sale can add pressure to an already stressful situation. In a unique market like Vermont, it’s important to know all of your options.

Finance 96
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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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Planning, popping bottles and toasting your 2024 achievements

Inman

As we launch ourselves into 2024, find out how eXp’s Troy Palmquist is creating inspiration, motivation and celebration to keep moving toward his goals.

As-is 149
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Bridge Loans in Dallas: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Selling your old home while looking for a new one in Dallas can be difficult, especially when juggling the complex timing and limited finances. This can be even more difficult in a market like Dallas, where inventory is scarce and prices are soaring. However, there’s a solution that you may not have considered: a bridge loan. A bridge loan is a short-term financial tool designed to “bridge the gap,” enabling you to purchase a new home before you’ve sold your current residence.

Equity 94
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The listings Inman writers couldn’t stop thinking about this year

Inman

From a French chateau to a two-flat in Chicago, here are some listings that caught the eye of Inman's writers this year.

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How to Sell My House Fast in Wyoming: Cash Offer Options

HomeLight

Selling your Wyoming home can be difficult for many homeowners. Whether you’re relocating for a new job, facing financial challenges, or dealing with personal circumstances, closing a story quickly is a common scenario in the Cowboy State. This guide explores your options for selling your Wyoming home quickly, from leveraging cash offers through HomeLight’s Simple Sale platform to partnering with top real estate agents.

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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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Reorzo’s location marketing solution needs to find itself first: Tech Review

Inman

Reorzo is a web app that integrates with Wordpress to give agents a way to deliver an AI chatbot and location-specific marketing reports and web pages, among other lead engagement tactics.

Marketing 119
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What Is a Non-Contingent Offer When Buying a Home?

HomeLight

As a homebuyer entering a competitive real estate market, it’s likely you’ll encounter the term “non-contingent offer.” But what exactly does this mean if you’re buying a home? A non-contingent offer is often seen as a bold move in residential real estate transactions, signifying an offer to buy a property without certain conditions or “ contingencies ” that must be met first.

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What to Look for When Buying a Rental Property (7 Considerations)

Bigger Pockets

Knowing what to look for when buying a rental property will save you time and money while reducing stress.

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Loan Assumption vs Refinance: Making the Best Choice in Divorce

HomeLight

In a divorce, the largest asset most couples divide is their marital home. Typically, one spouse opts to stay in the home, buying out the other’s share of the property’s equity. This buyout is often made possible through refinancing the mortgage, which also removes the departing spouse’s name from the loan and title. However, in this high-interest-rate market, couples are weighing “loan assumption vs. refinance.

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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.