Tue.Feb 04, 2025

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State Farm seeks 22% rate hike in California after LA fires

Housing Wire

Homeowners in California with an insurance policy from State Farm could see a 22% rate hike. The insurer sent a letter to the California Department of Insurance on Monday that described its dire financial situation due to the wildfires in Los Angeles County and a request for an emergency insurance rate hike. In addition to the 22% rate hike for owners of single-family homes, State Farm is also requesting an emergency rate hike of 15% for condominium owners and a 38% rate hike for rental homes.

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Climate change reshapes real estate, putting $1.5T in value at risk

Inman

Climate change has shaken up the U.S. real estate market, with buyers no longer simply seeking better quality of life or affordable housing but also considering climate risks before purchases.

Marketing 173
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Zillow’s Orphe Divounguy says homebuilders need help to address affordability

Housing Wire

In a new episode of the Top of Mind podcast , host Mike Simonsen sits down with Orphe Divounguy, senior economist at Zillow. They explore forecasts for the 2025 housing market, key macroeconomic trends to monitor, solutions to the housing affordability crisis and more. This conversation has been summarized and edited for length and clarity. To start the conversation, Divounguy dives into the past two years of economic developments and how they impact today’s housing market.

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State Farm seeks double-digit rate hike in California in wake of LA fires

Inman

The insurer asked the California Department of Insurance to raise rates by an average of 22 percent "to help avert a dire situation" as the company pays thousands of claims related to the fires.

Agents 161
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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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Cornerstone Capital Bank launches community lending division

Housing Wire

Cornerstone Capital Bank , a national mortgage originator and servicer, is launching a community lending division to serve underserved communities, the company announced this week. The new division will be based in Arlington, Texas. Cornerstone plans to close the homeownership gap for underserved communities in the 45 states that the company operates in.

Lending 344
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Nominate a rising star of the real estate industry

Inman

Nominations are now open in four awards categories for 2025, including a slate of new honors meant to spotlight achievements in artificial intelligence and recognize real estate's emerging leaders.

More Trending

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Rules on closing costs, PACE loans on CFPB chopping block

Inman

In his first act as interim Consumer Financial Protection Bureau director, Treasury Secretary Scott Bessent froze action on all rules and litigation. Here's what that potentially means for the recent slate of rules and lawsuits targeting the mortgage industry.

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Compass launches client-facing portal with listings, docs and more

Housing Wire

The race is on for brokerages to capture clients in an incredibly difficult housing market, and Compass believes a new technology offering will give it an advantage. The brokerage on Monday launched Compass One, a client-facing portal that provides a guide through the process of both home buying and selling. Compass One gives clients easy access to relevant documents, calendars, listings and communication with their agent.

MLS 413
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Here’s What Moves Mortgage Rates—and Why It’s Not Always the Fed

RIS Media

When the Federal Reserve raises or lowers its benchmark interest rate, many people expect mortgage rates to follow suit. But the relationship isn’t that straightforward. The federal funds ratethe rate banks charge each other for overnight loanshas an indirect impact on mortgage rates. The Federal Reserve sets a target rate range for its ratecurrently 4.25%… The post Heres What Moves Mortgage Ratesand Why Its Not Always the Fed appeared first on RISMedia.

Mortgages 125
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Sagent’s mortgage platform, Dara, moves closer to full deployment

Housing Wire

In February 2024, Sagent , a Warburg Pincus -backed fintech firm, announced the launch of its mortgage software platform, Dara. A year later, HousingWire checked in with the Dara team about what lies ahead. We previewed the Dara platform in February of 2024 at the MBA servicing conference, said Perry Hilzendeger , Sagents executive vice president of servicing.

Mortgages 432
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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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Tariff pause with Canada, Mexico welcomed by builders

Real Estate News

The 25% tariffs were expected to increase the cost of home construction materials. Set to take effect on Feb. 4, they have now been paused for 30 days.

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Clear cooperation sparks debate, but dual agency deserves the spotlight

Housing Wire

The debate on Clear Cooperation Policies (CCPs) continues, with the real estate industry almost unanimously rallying behind these supposedly virtuous rules. Meanwhile, anyone challenging the status quo may be branded as “self-serving” or “indifferent to consumers.” But lets cut through the noise and examine whats really going on.

MLS 325
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Buyer Bright Spot: There Are More Homes on the Market

Keeping Current Matters

The past few years have been challenging for homebuyers, especially with higher home prices and mortgage rates.

Marketing 245
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RCN Capital acquires BLN Software

Housing Wire

Nationwide private lender RCN Capital on Tuesday announced the acquisition of BLN Software , which offers a loan origination system and loan management system for the private mortgage lending industry. The announcement from Connecticut-based RCN said that “the lender is looking to provide even more robust tools for its wholesale clients by investing in a state-of-the-art software platform that they can leverage to grow their businesses.” BLN, which is also headquartered in Connecticu

Lending 347
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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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Want to amend a buyer agreement? NAR lawyer explains how

Real Estate News

Signed agreements can be changed but only under certain circumstances. NARs general counsel provides scenarios and addresses other common questions.

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Arrival Home Loans partners with fintech zavvie

Housing Wire

Arrival Home Loans on Tuesday announced a partnership with zavvie a fintech company that specializes in bringing liquidity to residential real estate in an effort to enhance the homebuying experience for its customers. The collaboration combines Arrival Home Loans’ niche in owner-occupied bridge loans with zavvie’s advanced technology platform for single-family homes.

Loans 324
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How Compass' new portal works for buyers, sellers and agents

Real Estate News

The brokerages latest tech offering, Compass One, is an end-to-end platform focused on consumers and private listings.

Agents 216
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February Demo Day: CoreLogic

Housing Wire

DigitalTax Onboarding Decisions DigitalTax Onboarding Decisions automates tax line setups during loan onboarding, leveraging closing data and customizable rules to reduce errors and streamline exception management. With clear audit trails and dashboard tools, it simplifies reporting, reduces manual work, and ensures accuracy, helping servicers ensure accurate tax line setup from day one.

Loans 259
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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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Daily Links: Fed Funding Freeze Delays Section 8 Payments to NYC Landlords

Brownstoner

In the News Brooklyn Neighborhoods Rank Among NYCs 10 Most Pricey [NYP] Brooklyn Streets Glow Red and Gold for Lunar New Year [BP] Beloved Thai Spot Ugly Baby Is Reborn as Hungry Thirsty [BK Mag] The Changing Tides of Bed Stuy's Tompkins Avenue [BK Reader] NYC Blames Late Section 8 Rent Checks on Federal Disarray… Read More > The post Daily Links: Fed Funding Freeze Delays Section 8 Payments to NYC Landlords appeared first on Brownstoner.

As-is 96
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February Demo Day: ICE Product and Pricing Engine

Housing Wire

ICE PPE ICE PPE (Product and Pricing Engine) is a powerful pricing tool integrated within the Encompass mortgage software solution. It streamlines pricing, locks, and compliance, enhancing growth, efficiency, and profitability in a single platform. With ICE PPE, you can quickly access rates, verify eligibility, maintain accurate data, and stay updated on changes that impact loan scenarios.

Investor 329
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Utah MLS CEO Wants to Turn Data-Sharing Into Relationships

RIS Media

For real estate professionals, the multiple listing service (MLS) is about as essential as any single tool or resource can be. All the data provides an obvious value to those in the industry, and the platform exists as a foundation for real estate transactionsbut what about beyond that? Besides using the MLS to market properties,… The post Utah MLS CEO Wants to Turn Data-Sharing Into Relationships appeared first on RISMedia.

MLS 92
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Texas-based mega MLS will no longer require Realtor membership

Inman

The Austin Board of Realtors' Unlock MLS will offer non-Realtor subscriptions starting on June 1.

MLS 167
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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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Brooklyn Listings Six Months Later: Two Sold, One Still Available, One off the Market

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Prospect Heights, Clinton Hill, and Flatlands. How did they fare? First up, in the Prospect Heights Historic District, this row house is a two-family with an owners triplex and a top floor… Read More > The post Brooklyn Listings Six Months Later: Two Sold, One Still Available, One off the Market appeared first on Brownstoner.

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Former Vegas Realtors CEO sues organization after election mishap

Inman

Wendy DiVecchio points to disagreement with the board over LVR's ownership of its MLS as a potential reason she was suspended, investigated and subsequently fired last week.

MLS 151
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Stop Blaming The Market—Your Time Management Is The Real Issue

BAM Media

Start the year off right with BAM Pro Bowl 2025the Super Bowl of Real Estate Knowledge. Join us for two hours of exclusive real estate content wrapped in nonstop entertainment on February 5th at 12 PM EST. Its also free (though it shouldnt be). Secure your spot now! Time management is the foundation of a successful real estate business. Yet, most agents dont value their time as they shoulddespite it being their most finite and valuable asset.

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Fannie and Freddie: Single Family Serious Delinquency Rates Increased in December

Calculated Risk Real Estate

Freddie Mac reported that the Single-Family serious delinquency rate in December was 0.59%, up from 0.56% November. Freddie's rate is up year-over-year from 0.55% in December 2023, however, this is below the pre-pandemic level of 0.60%. Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic.

Loans 59
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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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11 Tips to Bring Good Luck Into Your Home In 2025

Redfin

Whether youre searching for a new home in Boston or youre looking to spark a new wave of life into your Phoenix apartment , let 2025 be the year of welcoming luck into your home. With this year being the Year of the Snake in the Lunar New Year cycle, its an ideal time to refresh your living space with thoughtful changes rooted in feng shui, home decor , color psychology, and traditional symbols of prosperity.

Design 59
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Motorhomes as Short-Term Rentals: A Unique Opportunity for Landlords and Property Managers

AAOA

Motorhomes have been the embodiment of freedom and adventure for a long time, whereby one can travel around without any limitations typical with regular vacations. For landlords and property managers, these versatile vehicles can be an enticing option to diversify short-term rental offerings. You can offer an immersive experience, pairing comfort and mobility instead of just providing a static place to stay.

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Spring Home Maintenance Tips: 7 Essential Tasks to Tackle

Redfin

As the days get longer and the sunshine starts to peek through, spring is the perfect excuse to give your home a little love. After months of cold temperatures and unpredictable weather, your space might be showing signs of wearand it’s definitely ready for a refresh. Spring home maintenance tips are helpful for you to stay on top of tasks and make sure every nook and cranny is prepped for those warm, sunny days ahead.

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CAR publishes open letter to support LA wildfire victims

Inman

The letter, to be published in the "LA Times" and other prominent news outlets, provides information for California residents impacted by the fires about price gouging, fraudulent activities and unsolicited offers.

MLS 130
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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.