Keeping Current Matters

AUGUST 3, 2023

When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed).

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Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Yet, even the most brilliant leaders in AI have a difficult time envisioning how AI will transform the world in five years. So how can real estate agents be so cavalier about their job?

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Agents Technology Development Industrial 370

Real Estate News

AUGUST 3, 2023

Amid falling revenue and elusive net profits, the company plans to pilot a program to give agents "the lion’s share of the commission on self-sourced sales.

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Housing Wire

AUGUST 3, 2023

HSBC Bank USA on Tuesday disclosed that it is facing an investigation from the U.S. Department of Housing and Urban Development (HUD) for alleged redlining practices. The federal investigation is based on a complaint filed by the non-profit organization National Community Reinvestment Coalition (NCRC). According to filings with the Securities and Exchange Commission (SEC), HUD is investigating whether “HSBC Bank USA violated the U.S.

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Agents

Real Estate News

AUGUST 3, 2023

The Eighth Circuit Court of Appeals upheld a ruling denying HSA’s motion to force arbitration in the Sitzer/Burnett case, scheduled for trial in October.

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Housing Wire

AUGUST 3, 2023

Opendoor continued to feel the market’s headwinds in the second quarter of 2023, which led to fewer homes sold and lower revenues in the period. But the iBuyer greatly reduced its operating costs, delivered a profit, and increased its home purchases in the quarter. The iBuyer recorded a net income of $23 million from April to June, compared to a net loss of $101 million in the previous quarter and a net loss of $54 million in the same quarter last year, per Securities and Exchange Commi

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Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Investors assessed the state of the U.S. economy after Fitch Ratings downgraded the U.S.′ long-term, foreign currency issuer default rating from AAA to AA+ on Tuesday. The following day, the U.S. Treasury announced that it would sell off more than $100 billion of long-term securities.

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Real Estate News

AUGUST 3, 2023

Freddie Mac put the average 30-year fixed-rate mortgage at 6.9% this week, just below the peak seen in mid-July.

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Fixed-rate mortgage Mortgages 234

Housing Wire

AUGUST 3, 2023

An October trial in federal court for one of the many commission lawsuits is imminent after HomeServices of America lost a recent appeal. The 8th Circuit Court of Appeals’ three-judge panel concurred with a lower district court’s decision that HomeServices is not permitted to enforce arbitration agreements signed by seller clients of franchisees under its authority.

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MLS Staging Agents As-is 370

Real Estate News

AUGUST 3, 2023

The top iBuyer hopes scaling home purchases, improving margins on home deals and leveraging partnerships will fuel its return to positive net income.

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Advertiser: Trellis

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Loans

Housing Wire

AUGUST 3, 2023

Black Knight reported slimmer profits and slowing organic growth in the second quarter, largely due to weaker mortgage volume from clients as well as near-term effects from the proposed merger deal with Intercontinental Exchange (ICE). The company’s profit dropped 61% quarter over quarter to $55.3 million in Q2 2023. Profit rose 32% from $40.3 million in Q1 2023. “Our second quarter results reflect a weaker than expected mortgage market coupled with the near-term effects of the propo

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Bankruptcy Mortgages Development Loans 370

Inman

AUGUST 3, 2023

Joseph Magsaysay will join Compass' leadership as the brokerage looks to enhance its luxury presence in Silicon Valley. Magsaysay said he's developed a "people first" leadership strategy.

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Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. The Detroit-headquartered lender’s GAAP net income in Q2 was $139 million, an improvement from GAAP net loss of $411 million in 2023 Q1.

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Inman

AUGUST 3, 2023

The ruling against HomeServices of America in federal court on Wednesday sets the stage for a likely Oct. 16 start for the first of two highly anticipated bombshell commission trials later this year.

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Sales

Housing Wire

AUGUST 3, 2023

@properties announced the promotion of Branden Lopez to the position of General Counsel. This move comes as @properties aims to expand its business and enhance legal support across its portfolio of enterprises. Lopez, who joined @properties in November 2022 as Director of Legal, has proven herself as a key member of the leadership team for @properties and Christie’s International Real Estate.

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Title Brokerage Branding Commercial 370

Inman

AUGUST 3, 2023

Expect expert insights as these eight iconic leaders take the stage at Luxury Connect. From groundbreaking sales tactics to visionary marketing strategies, these trailblazers have redefined what success looks like in luxury real estate.

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Housing Wire

AUGUST 3, 2023

Lamacchia Realty recently announces two significant mergers, marking an expansion for the company. Firstly, they are joining forces with Right Choice Real Estate , a well-known legacy brokerage in Massachusetts and Rhode Island for over 25 years. Founders Ron and Dawn Rusin will remain actively involved in running the office while focusing more on growing their real estate sales businesses as Lamacchia Realty takes charge of management-related tasks.

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Inman

AUGUST 3, 2023

Will the partial elimination of affirmative action in elite college admissions eventually impact representation, access and opportunity in the real estate industry? Watch Dr. Lee Davenport's conversation with Spelman College professor, Dr. Francesina R. Jackson.

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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.

Agents

Housing Wire

AUGUST 3, 2023

Kofi Nartey, a top real estate broker with a client list of celebrities and prominent athletes, has joined The Real Brokerage as a national growth leader. In his new position, he will help build visibility for the brand, attract more agents as well as drive agent’s performance through coaching and development. “I will use my platform and national voice to draw more people not just to the industry, but to the opportunities to grow within the industry that The Real Brokerage presents,” Nartey tol

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Inman

AUGUST 3, 2023

Redfin's second-quarter revenue declined 21 percent year over year to $275.6 million, as gross profits from its real estate services took a tumble amid a harsh housing market, according to an earnings call Thursday.

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Marketing Brokerage Technology Agents 148

Brownstoner

AUGUST 3, 2023

Lined with lush front gardens, tropical flowers, manicured hedges, and leafy overhead trees, it’s clear why a block of Flatbush’s East 25th Street - between Clarendon Road and Avenue D - has been named this year's Greenest Block in Brooklyn. This morning, East 25th Street residents gathered on their block, alongside… Read More > The post Rich With Tropical Plants, Flatbush’s East 25th Street Named Greenest Block in Brooklyn appeared first on Brownstoner.

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Inman

AUGUST 3, 2023

Embracing the digital shift is not only essential for survival but also offers immense opportunities for growth and success in the real estate market of the future, writes Victoria Kennedy, CEO of Atman Real Estate.

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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.

Agents

The Close

AUGUST 3, 2023

A real estate domain is your online identity—the name (or technically the address) of your website, your www. hereiamworldreadytosellrealestate.com. It’s what people will type in to find you on the World Wide Web. It’s unique to you and should be a part of your overall branding and marketing strategy. When it comes to choosing great real estate domain names, our friend Bruce Ailion is hard to beat.

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Branding Land Agents As-is 98

Inman

AUGUST 3, 2023

In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price. Are you receiving Inman’s Broker Edge? Make sure you’re subscribed here.

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RIS Media

AUGUST 3, 2023

Almost exactly a year ago, National Association of REALTORS® (NAR) Chief Economist Dr. Lawrence Yun first coined the term “housing recession” to describe the swift, sharp decline in real estate markets all over the country, as the Federal Reserve raised rates and spiraling inflation stung consumers. This week, with inflation seemingly under control and housing… The post Housing Recession ‘Essentially Over,’ Says NAR Economist appeared first on RISMedia.

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Inman

AUGUST 3, 2023

While the brokerage's overall head count rose modestly to 144,510 agents in the second quarter, its agent count declined in the U.S. by 6.3 percent, to 56,987, according to a Q2 earnings call Wednesday.

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Agents

RIS Media

AUGUST 3, 2023

The Institute’s Luxury Market Report serves as your guide for analyzing trends and comparative data in the top residential markets across Canada and the United States. The report for July provides a review of the current statistics for the luxury market in North America on a month-over-month basis, as well as the 13-month trend. As… The post July Report: North American Luxury Market Remains Strong for Sellers appeared first on RISMedia.

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Inman

AUGUST 3, 2023

Zillow's new product represents a new business model — from pay-per-lead to pay-per-listing — that mirrors the way profitable international peers monetize their market-leading positions.

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Agents Marketing 148

Eye on Housing

AUGUST 3, 2023

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the share of new home sales backed by FHA loans climbed from 12.1% (revised) to 14.0% in the second quarter of 2023. It is the largest share since Q1 2021 but roughly three percentage points lower than the post-Great Recession average. Conventional loans financed 73.7%.

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Inman

AUGUST 3, 2023

Revenue for the company grew to $2.5 billion in the second quarter buoyed by a growth in demand that was surpassed by a growth in supply, according to an earnings report released Thursday.

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Marketing 147

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.

Sales