Wed.Jan 25, 2023

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Why You Shouldn’t Fear Today’s Foreclosure Headlines

Keeping Current Matters

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today.

Marketing 202
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As mortgage rates decline, the mantra is ‘no buyers left behind’ 

Housing Wire

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed. He makes co-marketing investments and helps partners with their databases by looking for any missed opportunity in the market.

As-is 467
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CoStar considering purchase of Realtor.com parent: Report

Inman

Acquiring Realtor.com would significantly advance CoStar's push into residential real estate — and bring it into greater conflict with the industry's existing power players.

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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Marketing 420
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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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Anywhere Brands Sue Yannacone: Align with bigger franchises to win

Inman

Anywhere Brands President Sue Yannacone argued at Inman Connect New York on Wednesday that franchising helps brokerages scale up, and gives them tools they couldn't otherwise access.

Branding 157

More Trending

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In luxury, agents have to level up their brand

Inman

"It's a different lifestyle, it's a different language," Cindy Raney of the Cindy Raney & Team told attendees at ICNY on Wednesday about luxury — and that luxe clients appreciate attention to the details.

Branding 157
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Clear Capital cuts 24% of its workforce in restructuring

Housing Wire

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. The firm announced on Wednesday that it was eliminating about 24% of its workforce, or over 250 jobs, as it restructures departments and consolidates teams amid a tough housing market. Per the firm, this round of layoffs will include cuts to some leadership and managerial roles.

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Compass went public 2 years ago. Can it recover from its stock slump?

Inman

Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors' appetite for shares fall significantly.

Brokerage 161
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Guaranteed Rate offering up to $8K in assistance to underserved buyers

Housing Wire

Chicago-based mortgage lender Guaranteed Rate launched a new program this week that will provide up to $8,000 in assistance to potential first-time homebuyers from underserved communities. The initiative, called the Special Purpose Credit Program, aims to help homebuyers with down payments, deposit minimums, and move-in repair and maintenance costs. “This program helps tear down these barriers and open more doors to the houses, neighborhoods, and lifestyles of our customers’ dreams,

Equity 381
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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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Real estate leaders see signs of market thawing

Inman

At Inman Connect New York on Wednesday, Sue Yannaccone and Glenn Sanford talked about positive market indicators and taking care of employees that remain post-layoffs.

Marketing 161
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Digital lender Better.com rolls out one-day mortgage program

Housing Wire

Embattled digital lender Better.com launched a program that will allow customers to apply for a mortgage, get pre-approved, lock their rate and receive a mortgage commitment letter within 24 hours. The official rollout of the program, dubbed “One Day Mortgage,” comes after Better.com launched it in beta to a small segment of its customers in the second week of January.

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The Umanskys dish on work-life balance and life as reality stars

Inman

"It's great brand-building," CEO Mauricio Umansky said of his family's new real estate reality TV show, "Buying Beverly Hills." "But more than the brand building, it was just meant to have a lot of fun.

Branding 157
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A top producing loanDepot team heads to Revolution Mortgage

Housing Wire

About 25 people from loanDepot ’s top producing team have joined boutique lender Revolution Mortgage to reunite with their former team lead. Roughly half of the team led by Stacy Chevalier, former area manager covering parts of the states in Washington and Idaho at loanDepot, made the transition as of Tuesday, Chevalier said in an interview with HousingWire.

Mortgages 370
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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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EXp CEO Glenn Sanford touts cloud-based brokerage model at ICNY

Inman

A day after Compass CEO Robert Reffkin dismissed remote work as 'the killer of culture' at ICNY, Sanford argued on Wednesday that there's equal merit to virtual and brick-and-mortar models.

Brokerage 148
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Rumors, rumors everywhere, but no Wells Fargo MSR deal — so far

Housing Wire

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. Or it could signal a future MSR-market stampede. To date, no Wells Fargo bulk MSR public offering has surfaced, market observers say. That doesn’t rule out that the banking behemoth might still have a such a deal in the works, however.

Banks 381
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Want to crush it in real estate in 2023? Get ready to be the educator

Inman

Real estate agents should prepare to point consumers toward information that will help them navigate a return to a normal, slower market, Anthony Lammachia said at ICNY on Wednesday.

Agents 161
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Do These 7 Gardening Tasks Now To Ensure Your Spring Garden Will Thrive

Realtor.com

Photo courtesy of Haver & Skolnick LLC Architects via Houzz Gardening in the winter might seem like a futile task, especially if you live in an area that experiences frigid temperatures and consistently wet weather. But smart gardeners know that minding their garden is a year-round job, even if they’re not actively digging in the dirt. Spring is right around the corner, and there’s no time like the present to start implementing your seasonal gardening strategy.

Design 115
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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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Localize to expand its AI tools for agents to more markets in 2023

Inman

A company that powers the home search for buyers using artificial intelligence, generating leads for agents, will enter new markets this year CEO Omer Granot said on Wednesday at Inman Connect New York.

Agents 157
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Stuck Inside? 6 Easy Winter DIY Projects To Spruce Up Your Space

Realtor.com

Getty Images Chilly winter weather means you’re likely spending lots of time indoors. And we hope you’re staying cozy (perhaps by your wood-burning stove ). But once you shake off that long winter’s nap, you might want to tackle a few projects around the house. And while it could be tough to get excited about adding chores to your to-do list, these aren’t the same tedious tasks you’ve been avoiding since last summer.

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Starting from the bottom, 3 star agents share their journeys

Inman

James Harris, Kirsten Jordan and Mia Calabrese shared their journeys from real estate newbies to some of the best luxury agents in the business, at Inman Connect New York on Wednesday.

Agents 157
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Will CoStar Acquire Realtor.com?

Broke Agent Media

BAM Key Details: The real estate world is buzzing with news of an acquisition that would signify an open challenge to Zillow. The question: Will CoStar acquire Realtor.com? Three anonymous sources have spread the rumor that Rupert Murdoch is in talks to sell Move Inc, the parent company of Realtor.com, to CoStar Group. The real estate world is buzzing with news of a potential acquisition that would signify an open and nationwide challenge to Zillow.

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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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Data and multiple listing services: A love story?

Inman

Speakers at Inman Connect New York on Tuesday urged MLSs to adopt new datasets and make sure to share them in ways that are useful to agents and consumers.

Agents 157
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One More 2023 Forecast

BubbleInfo

I was going to ignore one more forecast by a financial services company (what do they know about selling homes?), but this is from the squid, plus Derek mentioned it in the comment section. None of these forecasts provide any evidence or reasons for their conclusions.

Marketing 105
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Authentic marketing helped launch the careers of these 3 agents

Inman

Matt Lionetti and Tyler Whitman, of The Agency, and Sarah Desamours, of Douglas Elliman, shared their strategies for authenticity on social media with attendees at Inman Connect New York on Wednesday.

Agents 157
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CoStar’s rumored $3B deal for Realtor.com “seems a little low,” Spencer Rascoff says

Real Trends

CoStar appears to be looking to up its residential real estate game. The commercial real estate giant is in talks to acquire Realtor.com parent firm Move Inc. from News Corp., according to a report on Tuesday from Reuters. The report cited three anonymous sources and confirmation of the news from News Corp., but noted that there is no guarantee a deal will actually go through.

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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.