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 152
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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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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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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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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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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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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 454

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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 431
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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 190
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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 413
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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 174
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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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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 371
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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 172
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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 370
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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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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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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 120
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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 149
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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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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.

Brokerage 160
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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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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.

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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 143
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CubiCasa Signs 10 More MLS’s in Partnership Program

RIS Media

Real estate software firm CubiCasa has announced that 10 Multiple Listing Services (MLSs) have joined their MLS Partnership Program. Joining CubiCasa’s MLS Partnership Program and gaining access to its suite of digital floor plan creation tools are Metro MLS®, Memphis Area Association of REALTORS®, REsides, Inc, Columbus Board Of REALTORS®, Willamette Valley MLS, Longleaf Pine… The post CubiCasa Signs 10 More MLS’s in Partnership Program appeared first on RISMedia.

MLS 113
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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 128
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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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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 111
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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 113
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Mortgage Applications Hit 28-Year Low

RIS Media

After a brief bump last week thanks to ARM rates decreasing, home purchase applications decreased 6.9% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending October 13, 2023. This week’s numbers The Market Composite Index, a measure of mortgage loan application volume,… The post Mortgage Applications Hit 28-Year Low appeared first on RISMedia.

Mortgages 112
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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 108
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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.

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Bed Stuy Neo-Grec Brownstone With Mantels, Fretwork, Wainscoting Asks $1.58 Million

Brownstoner

There are more than a few original details to admire inside this 1880s brownstone, including mantels, moldings, and wood floors with inlaid borders. A new owner will likely want to give the kitchens and baths in the two-family some modern upgrades and, according to the listing, the property could use… Read More > The post Bed Stuy Neo-Grec Brownstone With Mantels, Fretwork, Wainscoting Asks $1.58 Million appeared first on Brownstoner.

Marketing 111
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Housing Starts Turn Course, See Gain in September

RIS Media

Despite high mortgage rates and other economic challenges, housing starts saw a significant gain in September, according to a new report from the National Association of Home Builders (NAHB) using data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Experts point to a lack of existing inventory as a… The post Housing Starts Turn Course, See Gain in September appeared first on RISMedia.

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Fierce, Fabulous & Focused: 5 Ways Women in Real Estate Are Owning It in 2023

The Close

No, you’re not imagining it. There’s been a clear shift in mindset in this industry—particularly among women in real estate—over the past few years. And it was on full display at Align 2023, the third annual Empowering Women in Real Estate conference. Hosted by founder and CEO Karen W. Cooper , the event featured many amazing women sharing their insights and success secrets.

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Real Estate Webmasters Takes Home a MarCom Award

RIS Media

Real Estate Webmasters, a leading custom real estate website and digital marketing agency has announced that one of their clients, Rob Thomson, has been honored with a MarCom Award for his soon-to-be-launched website redesign, which will go live in November 2023. The MarCom Awards are known for recognizing achievement by creative professionals involved in the… The post Real Estate Webmasters Takes Home a MarCom Award appeared first on RISMedia.

Marketing 107
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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.