Mon.Nov 27, 2023

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Consumer Sentiment Continues to Fall in November

RIS Media

Consumer sentiment dropped 3.9% in November, according to data from the University of Michigan. “While this marks the fourth consecutive month of declines, November’s reading reflects a balance of factors, some of which improved while others worsened. More-favorable current assessments and expectations of personal finances were offset by a notable deterioration in expected business conditions,”… The post Consumer Sentiment Continues to Fall in November appeared first on RISMedia.

Finance 124
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Gary Keller accused of embezzlement in updated racketeering lawsuit complaint

Housing Wire

Nearly three months after filing an initial complaint accusing Gary Keller and Keller Williams of inflating key profitability metrics including company sales and profits to convince individuals to purchase Keller Williams Regions and Market Centers, John Davis has made tweaks to his lawsuit. In his initial filing, in addition to Keller and Keller Williams, Davis also names former KW president Josh Team, Business MAPS Ltd. and Business MAPS Management LLC as defendants.

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Georgia homesellers file their own commissions lawsuit

Real Estate News

The case takes aim at NAR and local as well as national brokerages, while calling out the current system as a way to protect ineffective agents.

Brokerage 344
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New Georgia copycat commission lawsuit names Atlanta-area firms

Housing Wire

The copycat commission lawsuits have spread to the Southeast. On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing real estate industry players of colluding to artificially inflate real estate agent commissions. The lawsuit was filed by Janet Phillips, Joseph Hunt, Edith Anne Hunt, Penny Scheetz, Benjamin Aune and Parkwood Living, LLC , who have all sold properties within the last four years.

MLS 450
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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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$5 million bonus for Anywhere CEO has ties to lawsuits

Real Estate News

Ryan Schneider is being rewarded for his work in landing a settlement in commissions cases and delivering savings in a challenging year for real estate.

Land 282
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Relitix’s Agent Movement Index shows continued real estate agent recruiting slowdown

Housing Wire

Real estate agents are continuing to stay put, moving much less between brokerages than the post- pandemic peak seen in the summer of 2021, according to the latest Relitix Agent Movement Index. The index shows the relative degree of movement between brokerages by experienced agents and is indexed to the level of mobility in January 2016. The graph shows that, on a trailing 12-month basis, mobility hit its 10-year high in June 2021 at an index value of 109.4.

Agents 420

More Trending

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MBA sees benefits, shortcomings in FHFA’s new ERCF rule

Housing Wire

The Mortgage Bankers Association (MBA) this week appeared to relay caution to its members about the announcement from the Federal Housing Finance Agency (FHFA) last week that it had published a new, final rule on the Enterprise Regulatory Capital Framework (ERCF) related to commingled securities. “The final rule includes modifications of certain provisions of the ERCF related to guarantees on commingled securities, multifamily mortgage exposures secured by properties with government subsidies, a

Finance 427
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New home sales tap the brakes, but still going strong

Real Estate News

Despite robust demand, prices continue to drop. It’s all about elevated interest rates, and builders’ response as affordability remains a struggle.

Sales 253
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Mortgage rate dip a welcome reprieve, but more industry consolidation is ahead: Piper Sandler

Housing Wire

Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. The decline in the 10-year Treasury yield and agency mortgage-backed securities (MBS) yields — due to a soft jobs report in late October — led to a slight pick up in seasonally-adjusted mortgage application volume.

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Nation’s biggest title insurer hit by ransomware attack, reports say

Inman

Fidelity National Financial acknowledges that a "cybersecurity incident" disrupted the provision of title and escrow services and other technology and mortgage services.

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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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Has your banking partner come of age?

Housing Wire

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. HousingWire: Has the banking crisis earlier this year left any lasting impacts on warehouse lenders?

Banks 385
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3 essential tips for estate planning with real estate

Inman

Estate planning is of prime importance for homeowners and their heirs. Properties are among the largest and most complex assets to be distributed — particularly when they’re luxury homes worth millions of dollars.

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11 Tips to Have The Best Home Building Experience

RIS Media

Building a new home is a significant milestone in anyone’s life, and the process can be both exhilarating and challenging. Whether considering existing new construction or contemplating creating a custom home, careful planning and informed decision-making are essential for a seamless home-buying experience. This comprehensive guide will explore critical tips to ensure you have the… The post 11 Tips to Have The Best Home Building Experience appeared first on RISMedia.

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Signs of a buyer’s market emerge as homeseller concessions return

Inman

More than a third of all home sales featured a concession in the past 3 months, according to new data and agents who told Inman that they're beginning to see signs of a buyer's market unfold.

Marketing 199
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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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Multifamily Built-for-Rent Remains Elevated

Eye on Housing

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the third quarter of 2023. For the quarter, 104,000 multifamily residences started construction. Of this total, 101,000 were built-for-rent. The market share of rental units of multifamily construction starts was near an all-time high of 98% for the third quarter as the.

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14 ways to beat the stress this holiday season and through 2024

Inman

Personal and professional upheaval is taking its toll on members of the real estate industry. Trainer and author Bernice Ross shares strategies to help you get a handle on stress as you move into the new year.

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Guiding the Golden Years With Empathy-Focused Expertise

RIS Media

Above, Erin Turner Erin Turner, a REALTOR® with Richmond, British Columbia-based RE/MAX Crest Realty, has cultivated her career creating a haven for senior happiness. In recognition of her decades-long commitment to service, she has been awarded this year’s Seniors Real Estate Specialist ® (SRES®) Outstanding Service Award. The SRES® designation, offered through the National Association… The post Guiding the Golden Years With Empathy-Focused Expertise appeared first on RISMedia.

Design 117
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Focus on fundamentals: Clients, communication, compliance

Inman

According to compliance expert Summer Goralik, this is the time to take a proactive approach, ask important questions, adopt new business protocols and procedures, and engage in different types of conversations or scripts with clients.

MLS 179
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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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Team Tactics: How to Effectively Recruit Productive Agents

RIS Media

Running a team takes a lot of work to breed success, and a big part of that is the building and expanding your team’s roster with a lineup of great agents. Effective recruiting leans heavily on building relationships and trust with other REALTORS® in order to create a presence that invites them to join your… The post Team Tactics: How to Effectively Recruit Productive Agents appeared first on RISMedia.

Agents 115
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How do you define a luxury brokerage brand?

Inman

Whether you’re looking to move up to a higher level of service or you’re thinking about a brokerage switch, eXp’s Troy Palmquist offers insights and advice for putting that luxury polish on your branding.

Branding 171
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2023 Northeast Regional Rookie of the Year Eric Landry Puts His Best Authentic Self Forward

RIS Media

With over 20 years of experience as a consultant serving clients at the highest level, it’s no surprise that Eric Landry—an agent with Falmouth, Maine-based Portside Real Estate Group—has excelled in his inaugural years as an agent. “The most important thing you can do as you start building your brand—your name—is wanting to be your… The post 2023 Northeast Regional Rookie of the Year Eric Landry Puts His Best Authentic Self Forward appeared first on RISMedia.

Branding 114
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NAR put on a brave face at NXT, but accountability is on the way

Inman

Jason Haber, founder of The NAR Accountability Project, believes that more must be done to keep agents from paying for NAR's mistakes.

Agents 198
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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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This Economist Says The Fed is Misreading Inflation—Here’s When Rates Might Fall

Bigger Pockets

The Fed has slowed down its rate hikes, but an economist from UC Irvine says we've all been misreading inflation, including the central bank.

Banks 118
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Why should I talk about personal stuff on Instagram?

Inman

This week, Sue "Pinky" Benson explains why you should be posting about personal stuff on Instagram and how it benefits your audience, and ultimately, your business.

Agents 175
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Long-Awaited Elevators Open at Park Slope’s 7th Avenue Subway Stop, Boosting Accessibility

Brownstoner

By Kirstyn Brendlen, Brooklyn Paper Three new elevators opened at the 7th Avenue subway station in Park Slope on Tuesday, in a hard-won victory for the community. One of the elevators will take riders from the street to the station’s mezzanine, according to the MTA, and another will bring them down to… Read More > The post Long-Awaited Elevators Open at Park Slope’s 7th Avenue Subway Stop, Boosting Accessibility appeared first on Brownstoner.

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Take 5 minutes, make this change to your Google Business Profile

Inman

Marketing director Kate Hulbert shares this quick and simple update to make your social media and digital marketing more effective and targeted.

Marketing 184
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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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Daily Links: South Slope Locals Push Back Against Arrow Linen Rezoning Plan for 13-Story Buildings

Brownstoner

In the News Brooklyn Heights: A Historic Waterfront Community Near Manhattan [NYT] Where Can You Go to Grad School Without Going to Grad School? [NYT] New York City May Pay You to Build a ‘Granny Flat’ in Your Backyard [NYT] NYC Recruiting Health Coaches for Public Housing Tenants [NYP] Boerum Hill Block Has Become Overrun… Read More > The post Daily Links: South Slope Locals Push Back Against Arrow Linen Rezoning Plan for 13-Story Buildings appeared first on Brownstoner.

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Direct mailer Addressable abruptly closes with no forwarding address

Inman

Direct mail marketing company Addressable has abruptly gone out of business, according to a website message at its domain, addressablemail.com.

Closing 175
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Flatbush Prewar Studio With Dressing Room, Herringbone Floors Near Park Asks $469K

Brownstoner

With ancillary spaces and decent storage, this studio is more livable than most and has charming prewar features to boot. It's located on the third floor of 25 Parade Place in Flatbush, close to Prospect Park and the Parade Grounds, and a quick stroll to Prospect Park South. The six-story, 64-unit… Read More > The post Flatbush Prewar Studio With Dressing Room, Herringbone Floors Near Park Asks $469K appeared first on Brownstoner.

Closing 98
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How to win the multifamily lease-up challenge as a property manager

Inman

Multifamily expert and brand-new Inman contributor Andy Larson offers insights and strategies for the all-important lease-up period.

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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.