Wed.Mar 29, 2023

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Mortgage demand gets a boost as rates decline for three straight weeks

Housing Wire

When the 30-year fixed rate dropped for the third straight week in late March, homebuyers responded, giving a boost to mortgage applications. And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed. Mortgage applications increased 2.9% week over week on a seasonally adjusted basis for the week ending March 24, according to the Mortgage Bankers Association (MBA).

Mortgages 435
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Pending sales signal modest improvement in housing market

Real Estate News

NAR reported that February pending home sales were up 0.8% from January, making it the third consecutive month of increases.

Sales 328
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Hope Through Housing uses MLK Grant to fund after school programs

Housing Wire

Hope through Housing is a non-profit organization whose mission is to end generational poverty through affordable housing , educational programs and advocacy. In 2022, they were the recipients of an MLK grant which will be used to fund their youth development initiative. As people across the country celebrated MLK day on January 16th, Greg Bradbard, president of Hope Through Housing, sat down with HousingWire to talk about the impact the grant will have on his organization and the affordable hou

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Commissions lawsuit now a class action, greatly increasing its scope

Real Estate News

A judge ruled that the Moehrl suit would now cover all sellers who paid commissions to named companies over a 5-year period, plus “current and future” sellers.

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The 2025 Real Estate Roadmap to Success

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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Home-equity niche will benefit from a private-label lift

Housing Wire

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Securitization channels for those home-equity products, however, are only now starting to catch up to the growing demand for them.

Equity 397
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4 Key Tips for Selling Your House This Spring

Keeping Current Matters

Spring has arrived, and that means more and more people are getting their homes ready to sell.

Marketing 285

More Trending

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MLS-owned Nestfully wants to make home shopping more pleasant

Real Estate News

The new home search platform, a joint venture between Bright MLS and CRMLS, aims to inspire a sense of calm and simplify the process for consumers and agents.

MLS 264
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Fidelity to pay $3.5M fine over “no-poaching” agreements

Housing Wire

Fidelity National Financial has agreed to pay a $3.5 million fine to the state of New York, following an investigation by the Office of the Attorney General that discovered the top U.S. title insurance company had “no-poach” agreements with rivals. Jacksonville-based Fidelity is the fifth large national title insurance company to sign an agreement to end no-poach practices in New York, followed by Old Republic National Title in September 2021, AmTrust and First Nationwide in July 2022, and Stewa

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Agents Decoded: How to get clients to contact you

Real Estate News

When Jay Thompson needed to find a great local agent, he went looking for someone with a solid online presence and good reviews — who also responded to calls.

Agents 264
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Gathering of Eagles is for mortgage professionals too

Housing Wire

This year, Gathering of Eagles is excited to invite colleagues from the mortgage industry to the real estate-centered event. There is no better time than a tough market to come together as a community. Mortgage lenders need to strengthen their bonds with real estate agents, and broker-owners must communicate with title professionals. It’s now more important than ever to remember that your sphere of influence reaches more than just customers.

Mortgages 381
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Falling mortgage rates and home prices spur homebuyer interest

Inman

Demand for purchase loans picks up for the fourth straight week as mortgage rates continue to retreat from 2023 highs, according to the latest Mortgage Bankers Association survey released Wednesday.

Mortgages 216
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Biden urged to consider Build America’s impact on affordable housing

Housing Wire

A coalition of 24 housing organizations, individual leaders and trade groups, led by the National Housing Conference (NHC), are urging President Joe Biden to exempt affordable housing development and repair from the Build America, Buy America Act (BABA) provisions of the Infrastructure Investment and Jobs Act. This includes affordable homeownership repair and development programs and U.S.

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Gen Zers see ‘green homes’ in their searches, says RE/MAX study

Inman

Amid an economic landscape in flux, homebuyers and sellers continue to want expert advice from real estate agents while looking to prepare for the future, and for Gen Z that means finding "green homes," according to RE/MAX.

Agents 215
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February pending home sales disappoint, but maybe we’re turning a corner?

Housing Wire

Don’t call it a comeback? Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Month-over-month, contract signings increased in three U.S. regions, but declined in the West, according to the National Association of Realtors.

Sales 321
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Love-hate relationship with social media? Here’s how I make it work

Inman

Although people have mixed feelings about social media, there's no denying that it's a valuable tool for marketing your business. Find out how agent Nikki Beauchamp puts it to work effectively.

Agents 183
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Bringing MLS Software Into the Modern, Mobile Era

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Perchwell] A business operating system, Perchwell, provides listing data management, search, and syndication plus collaboration solutions for residential real estate professionals and their clients. Its flagship MLS platform (which includes both a front-end and back-end system) is constructed from a myriad of public and private sources and s upports interoperability/integration a

MLS 126
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Bombshell multibillion-dollar commission suit now a class action

Inman

A judge on Wednesday granted class certification in a federal commission suit that could rock the real estate industry and impact how agents are compensated nationwide.

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Property Tax Revenues See Largest Increase Since 2009

Eye on Housing

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $286 billion in taxes were paid by property owners in the fourth quarter of 2022 (not seasonally adjusted).[1] State and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021. The 6.9% annual increase is the largest since property tax receipts climbed 9.3% in.

Sales 124
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Sherry Chris and Amory Wooden on how tech and culture ‘fuel’ ERA

Inman

As ERA Real Estate's Fuel conference unfolds this week, Chris and Wooden, the brokerage's CEO and CMO, revealed how they navigate a slow market and the technology they routinely deploy.

Brokerage 167
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Video of the Week: A Breathtaking Estate in Sydney, Australia

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week.  Sydney, Australia | Sydney Sotheby’s International Realty This magnificent luxury residence was created by award-winning Felton Homes Architecture. A testament to timeless design, the home was inspired by French Provincial architecture and adheres to classic proportions, making it arguably one of the area’s finest homes.

Design 101
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Will an inventory shortage stymie spring? Look to 1994 for clues

Inman

This spring won't be easy for homebuyers and their agents, but history is full of examples in which the supply of homes went down, but sales kept chugging along, according to an Inman analysis.

Agents 167
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A Spike In Supply Could Tank Multifamily Prices This Year

Bigger Pockets

Recent data suggests that there may be a short-term glut of multifamily units hitting the market at an inopportune time and could lead to several price declines across the nation.

Marketing 101
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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@properties, Christie’s expand to Madison, Wisconsin, with affiliate

Inman

The independent brokerage formerly known as LeGrand Real Estate is the luxury brand's first affiliate in Madison, and its third in the state of Wisconsin. It is led by the mother-son team of Melissa LeGrand and Brogan Brunker.

Brokerage 158
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Climate Controlled Storage Near Me: Finding a Unit

Maximum Exposure Real Estate

What to Know About Climate-Controlled Storage Are you buying or selling a home and have figured out you’ll need a temporary self-storage unit? If you need to store your items, you’ll find companies offering climate-controlled storage units. These will be more costly than standard units, and you might be more restricted in available sizes.

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Dreading a rise in foreclosures? Here’s one economist’s take

Inman

Windermere Chief Economist Matthew Gardner has pulled the latest data on foreclosure starts and looked at the quality of mortgages that have been given to buyers in order to give you a clear idea of how foreclosures will impact the overall housing market.

Mortgages 158
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What Does a Title Company Do in a Real Estate Transaction

Maximum Exposure Real Estate

The Role of a Real Estate Title Company As if real estate wasn’t confusing enough. When you think you have a handle on all the professionals and the organizations, along comes someone or something else to let you know there’s always more to learn. When you are a first-time home buyer, one of those items […] The post What Does a Title Company Do in a Real Estate Transaction appeared first on Maximum Real Estate Exposure.

Title 98
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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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10 proptech entrepreneurs get real with real estate’s decision-makers

Inman

From Rentspree to Better, Intel asked 10 property technology entrepreneurs tough questions on the minds of their colleagues and customers, many of them large, national brokerage brands.

Brokerage 158
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How To Build A Real Estate Referral Network

Easy Agent Pro

Any successful real estate agent will emphasize the importance of networking for growth and a thriving business. Referrals are one of the best ways to get new clients. Getting recommendations and referrals from trusted friends and families is a fantastic way to start the agent-client relationship out on a foundation of trust and reliability. Building a real estate referral network is extremely advantageous.

Agents 98
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Pending sales increase 3rd-straight month as prices cool: NAR

Inman

"Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months," said NAR's Lawrence Yun.

Sales 158
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Sell Your House Fast in Denver: Expert Strategies for a Quick Sale

HomeLight

With 300 days of sun a year, a walkable downtown, and an average sale price $22,000 higher in February of 2023 than 2022, the area is still a great market if you’re looking to sell your house fast in Denver. Whether you’ve inherited a house, want to put a divorce behind you, cash out your home’s equity, or relocate for work, your two best strategies if you need to sell your house fast are 1) pursuing a cash offer, or 2) working with a top real estate agent.

Sales 98
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.