Wed.Oct 18, 2023

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Serving Gen Z and millennial homebuyers from click to close

Inman

According to new Inman contributor Mariel Pamintuan-Esguerra, understanding the needs of younger clients and how they correspond to features in your local market's housing stock will help you serve buyers more effectively.

Closing 174
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61% of ADUs are built for multigenerational housing: survey

Housing Wire

One in five Americans now shares their homes with adult children, parents or grandparents. In the face of soaring housing costs nationwide, multigenerational living has gained traction as a path to make living expenses more manageable and to maintain closer family bonds. While many multigenerational families are living together under one roof, potentially leading to feelings of overcrowding, accessory dwelling units (ADUs) have emerged as a practical solution for affordable housing that allows f

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What Are the Real Reasons You Want To Move Right Now?

Keeping Current Matters

If you're considering selling your house right now, it's likely because something in your life has changed.

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DataDigest: Nearly 100,000 LOs have washed out

Housing Wire

For years broker channel evangelists told me that a down market would give them an edge on their retail brethren. Well, it’s certainly been a down market. How has the broker channel fared in the wake of the Fed rate hikes ? I asked the good folks at mortgage data technology firm InGenius to run the numbers. Take a look. “From the first six months of 2022 to first six months of 2023, brokers have increased their percentage from 23% to 28% while retail has decreased by that same percen

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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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Training on trial as plaintiffs challenge commission strategies

Real Estate News

Materials painted 6% commissions as the goal, plaintiffs’ attorneys argued, while witnesses defended it as just a number, and negotiable.

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Mortgage applications sink to 1995 levels as rates soar

Housing Wire

As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995. Last Monday , in an attempt to calm the markets, a coalition of housing trade groups — including the Mortgage Bankers Association (MBA), National Association of Realtors (NAR) and National Association of Home Builders (NAHB) demanded that the Federal Reserve to provide clarity on the Fed’s rate path and its plans for the mortgage-backed secur

Mortgages 482

More Trending

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Housing construction picked up in September, but developers are getting anxious

Housing Wire

Housing starts climbed to a seasonally adjusted annual rate of 1,358,000 in September, according to U.S. Department of Housing and Urban Development and U.S. Census Bureau data. It’s a 7% gain from the revised August estimate of 1,269,000 and 7.2% below the September 2022 rate of 1,463,000. However, permits for future construction recorded a 4.4% decline from August.

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Agent training, objection scripts on trial as Sitzer | Burnett ends Day 3

Inman

On Day 2 of witness testimony Wednesday, attorney Michael Ketchmark narrowed in on training materials and presentation slides he alleged violated antitrust policies held by the defendants.

Agents 197
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Gary Keller, Bob Goldberg, Gino Blefari depositions on commissions shared with the jury

Housing Wire

The second day of the trial for the Sitzer/Burnett bombshell class action buyer broker commission class action lawsuit included plenty of insights into how the plaintiffs are approaching what is expected to be a battle royal. In his opening remarks addressing the jury and member of the public gathered in the Kansas City courtroom belonging to U.S. District Court Judge Stephen Bough, Michael Ketchmark, the lead attorney for the plaintiffs, called the suit a “refund case,” according to reports fro

Brokerage 459
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Keep ’em separated. Why personal beliefs and Code of Ethics don’t mix

Inman

Trainer and marketing expert Rachael Hite shares why its important to create separation between your personal political and religious beliefs on your social media profiles in order to make sure that you are creating a neutral presences online to help all consumers feel comfortable working with you

Marketing 190
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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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Gordon: FHA is examining mortgage loan assumption rules, hoping for a new partial claim option

Housing Wire

The Federal Housing Administration (FHA) is working to offer a new partial claim option before the end of 2023, according to the federal housing commissioner at the U.S. Department of Housing and Urban Development (HUD), Julia Gordon. The commissioner also discussed the rise in mortgage loan assumptions. On May 31, the FHA submitted for public comment a proposal to create the Payment Supplement Partial Claim , which has the support of trade groups, servicers and industry experts.

Loans 457
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Mauricio Umansky ‘pasodobles’ his way to victory on Week 4 of ‘DWTS’

Inman

The Agency CEO was proclaimed "matadorable" by one of the "Dancing With the Stars" judges after showing off Mickey Mouse-style magical fingers while keeping a majestic frame to his routine.

Agents 183
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Rohit Chopra on new mortgage servicing rules, Basel III and the CFPB’s funding

Housing Wire

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra expects that servicing rulemaking will be issued in the coming months modeled on the lessons learned through the COVID-19 pandemic. “I do anticipate that in 2024 we will propose some amendments to the mortgage servicing rules that are reflective of what we learned through the pandemic,” Chopra said on Monday morning to an audience of mortgage professionals.

Mortgages 432
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Inman Intel Index: Real estate leaders brace for dizzying change

Inman

The inaugural Triple-I survey went out to the Inman community last month, and the results are here. Dig into 126 pages of deep, exclusive findings, only for Intel subscribers.

Brokerage 182
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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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BofA’s mortgage production declines 6% in Q3

Housing Wire

Top-20 U.S. mortgage lender Bank of America (BofA) reported declining mortgage and home equity production in the third quarter of 2023, compared to the previous quarter. And more declines are yet to come if regulators’ proposed capital rules are applied to banks, according to BofA’s executives. On July 27, the Federal Reserve , Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released the proposed changes for the Basel III rule (

Mortgages 431
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How much service are you getting from your software?

Inman

Tech CEO Sheila Reddy teaches you how to get the most out of your SaaS tech stack so that you can run your business more efficiently and effectively.

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The Complete Guide to Eminent Domain

Bigger Pockets

As a real estate investor, eminent domain is something you should know about. If you own property in an area that the government needs for a road expansion, fire station, railway, or something else that benefits the public, it may be legally taken from you, whether you want to sell or not.

Investor 135
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Chris LeBarton: How the Inman Intel Index changes the game

Inman

Inman Director of Research Chris LeBarton is tracking industry sentiment at a major inflection point. He shared what he's learned from results of the inaugural Intel survey — and what's to come.

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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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Sneak Peek: A Look Inside David Greene’s New Book “Pillars of Wealth”

Bigger Pockets

Pillars of Wealth by David Greene attempts to reel in the instant gratification mindset and reset the approach to real estate back to its original form: long-term investing for long-term wealth. Here's a sneak peak.

Finance 132
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Mortgage applications hit 28-year low as bond selloff keeps rates up

Inman

Mortgage rates continued their relentless rise this week to levels not seen in two decades, fueled by a bear market for bonds that fund government borrowing and most home loans.

Mortgages 167
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You Can Save Thousands On Your Short-Term Rental Taxes By “Accelerating” Depreciation

Bigger Pockets

There are plenty of ways to lower your tax bill, but STRs have a secret sauce that you can take advantage of. Here's what you need to know.

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Housing starts tally ‘unexpected’ uptick amid rising mortgage rates

Inman

New housing starts increased 7 percent in September to a seasonally adjusted rate of 1.36 million, or 7.2 percent below the levels seen in September 2022, according to Census data released Wednesday.

Mortgages 138
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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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Preferred Equity is One of the Best Ways To Earn Double-Digit Returns in This Economic Climate

Bigger Pockets

Warren Buffett made the switch to this strategy in 2008 when the economy was falling apart. If you can get access to the same assets now, you're in for a great return.

Equity 131
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Coldwell Banker Real Estate Announces 2023 Leadership Award Winners

Coldwell Banker

The Leadership Awards recognize Coldwell Banker-affiliated real estate professionals who embody the fundamental values of the brand The post Coldwell Banker Real Estate Announces 2023 Leadership Award Winners appeared first on Coldwell Banker Blue Matter.

Branding 128
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From Surviving on $30/Day to 30+ Properties Thanks to Blue-Collar Skills

Bigger Pockets

Luke Carl’s real estate “gateway drug” took him from one home to three hundred rental units in record time—and it can do the same for you.

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30-Year Mortgage Rates Hit 8.0%

Calculated Risk Real Estate

Mortgage News Daily reports 30-year fixed rate mortgages rose to 8.0% today (for top tier scenarios). This will mostly impact closed sales in November and December, and strongly suggests we will see new cycle lows for existing home sales over the winter. Note: The National Association of Realtors (NAR) is scheduled to release September existing home sales tomorrow, Thursday, October 19th, at 10:00 AM ET.

Mortgages 126
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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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COURT UPDATE: Plaintiffs Grill 3 of Real Estate’s Most Powerful Players

RIS Media

Above, from left, Bob Goldberg, Gino Blefari and Gary Keller KANSAS CITY—Yesterday afternoon, attorneys for the plaintiffs in the Burnett v. National Association of REALTORS (NAR) trial introduced their first three witnesses to the jury via pre-recorded depositions: Keller Williams Founder Gary Keller; HomeServices of America CEO Gino Blefari; and NAR CEO Bob Goldberg.

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6 Ways Dating Compares to Home Buying, and Why a Best Friend (Or Agent) Makes All the Difference

Lighter Side of Real Estate

A recent survey found that 59% of people who’d bought a home in the past year felt that buying a home was more stressful than dating! It’s true, buying a home can be stressful… but more stressful than dating?! “More” stressful seems a bit unfair. Dating and buying a home are actually pretty similar — you have to kiss a lot of frogs before you find your prince, and slip on a lot of glass slippers before you find your Cinderella, whether you’re referring to the perfect mate or house!

Agents 123
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RISMedia CEO: NAR Showed Plaintiff Evidence Taken Out of Context

RIS Media

Editor’s Note: The commencement of the highly anticipated Burnett vs. the National Association of REALTORS® (NAR) class action trial began Monday, Oct. 16. As part of our comprehensive coverage, RISMedia Founder and CEO John Featherston is onsite and provided his thoughts on the first day’s proceedings. KANSAS CITY–Normally, opening statements in a trial simply present… The post RISMedia CEO: NAR Showed Plaintiff Evidence Taken Out of Context appeared first on RISMedia.

As-is 122
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Research Shows That Renting Makes People Age Faster Than Those Who Own a Home

Lighter Side of Real Estate

If you’ve ever heard real estate agents promoting the benefits of homeownership over renting, you may have thought they were doing it because they make bigger commissions when they sell a house. To be fair, they do typically make more money when they help a client buy a house than they do helping one rent a place to live, so it’s understandable why people would think that.

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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.