Tue.Aug 29, 2023

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Home prices back near all-time highs

Housing Wire

Home prices showed resilience in June as low supply drove demand in spite of high mortgage rates. The S&P CoreLogic Case-Shiller home price index posted a 0.7% month-over-month increase after a seasonal adjustment in June — marking the fifth consecutive monthly increase. Meanwhile, the 10-City and 20-City composites both posted increases of 0.9%.

MLS 370
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Why You May Still Want To Sell Your House After All

Keeping Current Matters

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider.

Mortgages 266
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Image Analytics from CoreLogic helps users analyze property images quickly and accurately

Housing Wire

Reviewing appraisal imagery, an essential step in the valuation review process, is time-consuming and laborious. CoreLogic developed Image Analytics to drive innovation in the appraisal review process and help lenders and mortgage industry professionals analyze property images quickly and accurately. This technology eliminates the need for manual, multi-touchpoint review, which saves time and reduces errors.

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High home prices in June foretold a tough summer for buyers

Real Estate News

The latest Case-Shiller data found that prices continued to creep up through June, returning to peak levels. But things may shift this fall.

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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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Compass Connecticut office snags Leslie Clarke Team from William Raveis

Housing Wire

The Leslie Clarke Team, the top small agent team in Connecticut according to RealTrends , is joining the Connecticut office of Compass , the company announced on Tuesday. The move comes as Compass expands its tech offerings for agents. “This transition provides me access to the industry’s premier technology platform, an energetic office culture, and an expansive referral network spanning the nation,” said Clarke, whose team was previously part of William Raveis.

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What MLSs should do now to prepare for commissions lawsuits

Real Estate News

A proactive approach could help MLSs better manage any potential changes to their business models.

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Agents: Kenny Parcell’s resignation is the ‘beginning’ of fixing NAR

Inman

Agents and industry leaders said National Association of Realtors President Kenny Parcell's resignation is the first step in making the organization safer for female employees and members.

Agents 193
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Ishbia pledged UWM shares worth $4.6B to secure two loans prior to NBA deal

Housing Wire

Mat Ishbia , chairman and chief executive officer at United Wholesale Mortgage (UWM), provided more than half of the mortgage company’s outstanding shares as a guarantee to secure loans ahead of the acquisition of the Phoenix Suns , according to a Bloomberg report. According to the report, Ishbia pledged stock he controls to back two loans that were finalized days before his purchase of the Suns was approved.

Loans 395
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US home prices near 2022 high as prices rise for fifth-straight month

Inman

U.S. home prices rose to within 0.02 percent of an all-time high tallied in June 2022 as cities nationwide posted a fifth month of increases, according to data released Tuesday by CoreLogic and the FHFA.

Marketing 187
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Why all your exes probably live in Texas

Housing Wire

Texas continues to outpace other states in attracting new residents, according to migration data from John Burns , with Houston, San Antonio and Fort Worth showing strong housing demand. The other top cities for in-migration include Jacksonville, Florida, Charlotte, North Carolina, and Nashville, Tennessee. However, the Austin housing market, which boomed during the pandemic , is now seeing barely positive migration numbers, along with Phoenix , Arizona, and Las Vegas, Nevada.

Sales 370
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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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Why having a strategic plan is the secret to peak performance

Inman

The best real estate agents and the people who operate at the highest levels of the industry are not tactical, they are strategic, writes Nick Schlekeway. In part three of his five-part series, he looks at the importance of strategic planning.

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American Bank of Oklahoma settles redlining case for $1.5M

Housing Wire

American Bank of Oklahoma has agreed to invest $1.5 million in credit opportunities for neighborhoods of color in the Tulsa metropolitan area as a settlement with the Department of Justice in an alleged redlining case. The bank denies the allegations. The DOJ complaint, filed in federal court, claims that the bank failed to provide mortgage lending services from 2017 through at least 2021 in neighborhoods in and around Tulsa , including those that were the site of the 1921 Tulsa Race Massacre.

Banks 370
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What should happen next at NAR?

Inman

Who's in a position to decide what should happen, and what's next for the leadership at The National Association of Realtors?

Agents 195
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Q2 2023 real estate team financial performance beats Q1 numbers

Housing Wire

The second quarter 2023 was a boon for real estate teams, beating out financial performance in Q1 2023 , according the Streamlined Quarterly Team Benchmarking Report, which looked at the financial performance of more than 200 teams across the nation. Steamlined, based in Arizona, has a roster of hundreds of U.S. real estate teams and individual agents as clients for their accounting and bookkeeping services.

Brokerage 370
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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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Credit repair companies settle ‘hot swapping’ allegations for $2.7B

Inman

Lexington Law and CreditRepair.com parent Progrexion filed for bankruptcy protection in June after the court ruled collection of upfront fees violated the Telemarketing Sales Rule.

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The anatomy of a successful real estate recruitment funnel

Housing Wire

Recruitment is a crucial determinant of growth and success for real estate brokerages. Like your customer, the recruitment process can be visualized as a sales funnel, where potential recruits enter at the top, and the best-suited agents emerge at the bottom as ideal members of your team or brokerage. Understanding and optimizing each stage of this funnel is critical to streamline recruitment and attract top-tier talent.

Brokerage 370
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Tens of thousands of Airbnb listings will be outlawed in NYC next week

Inman

Local Law 18, which requires short-term rental owners to register with the city, could siphon tens of millions of dollars in revenue from Airbnb when it goes into effect on Sept. 5 in New York City.

Marketing 148
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Lower sues former employees for fraud that cost the firm $4M 

Housing Wire

Maryland-based lender Lower sued four former employees for fraud which it says has cost the firm more than $4 million in financial losses. Lower also accused Texas-based lender AmCap Mortgage of conspiring in a scheme with its former employee to induce other staff to abruptly leave Lower. Jason Ozment, Lower’s former vice president and branch manager in Plano, Texas, misappropriated vast amounts of confidential business and trade secret information concerning its business and its customers, incl

Lending 370
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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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Redlining, steering, misogyny and fear: How the industry lost its way

Inman

"Our original mission was to provide shelter and security to our communities," writes Teri Conrad, a 16-year industry vet. "But somewhere along the way, we got lost in pursuing wealth and power.

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Opinion: Real estate success is paved brick by brick

Housing Wire

At the height of the Great Depression In 1932, Ole Kirk Christiansen, a Danish carpenter, had fallen on hard times. With few jobs available, he began crafting wooden toys in his workshop to make ends meet for his wife and three boys. It was a humble beginning for what would become one of the most iconic and beloved brands by people all over the world.

Branding 369
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NAR notches loss as appeals court revives pocket listing antitrust suit

Inman

Top Agent Network's case against the National Association of Realtors' Clear Cooperation Policy will move forward after the Ninth Circuit court ruled to overturn a lower court ruling on Monday.

Agents 147
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In July, job openings declined to pre-pandemic level

Housing Wire

U.S. job openings fell in July, declining to an early 2021 level. A few weeks ahead of the next Federal Open Market Committee meeting, this latest data release offers fresh evidence that the labor market is cooling. The number of job openings edged down to 8.8 million in July from 9.17 million in June, the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey , or JOLTS, showed on Tuesday.

Marketing 369
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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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Nearly half of Better’s mortgage business now comes from partners

Inman

Better's market share has shrunk by more than 70 percent in the last year as it focuses on making more profitable loans, with partners like Ally Bank and American Express generating 42 percent of its mortgage business.

Mortgages 137
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Specificity is your goldmine for real estate web traffic

Housing Wire

In the dynamic realm of digital real estate, discovering fresh growth hacks can be the key to inching ahead of competitors. Today, I want to unpack a growth hacking approach I employed on a real estate website I manage. The outcome? A noticeable uptick in traffic, proving the value of thinking outside the box. Most real estate sites feature landing pages tailored to broad search terms—think “homes for sale in New York” or “apartments for rent in Boston.” But here’s

Land 369
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Holding onto property managers is hard. Here’s how to keep them

Inman

Our management team averages 12 years on the job, providing continuity essential to our residents and our business. Here’s how we do it.

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NAR’s Safety Month Webinar: Unmasking Threats

RIS Media

Equip your agents with effective safety techniques to identify possible threats through situational awareness. Join Geoff Fahringer—a REALTOR®, safety instructor, and former law enforcement officer—in this session on September 13th at 12:00 PM CT and be part of cultivating a culture of proactive safety within your firm. Register now! The post NAR’s Safety Month Webinar: Unmasking Threats appeared first on RISMedia.

Agents 111
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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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DelPrete: Why real estate tech platforms can’t quit the agent

Inman

The last mile of lead generation, where an agent connects with a client, is what tech can't recreate on its own, Mike DelPrete argues.

Agents 141
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Meet the Rookie of the Year Finalists: Southern Region

RIS Media

Following RISMedia’s recent unveiling of the Top 25 regional Rookie of the Year finalists for 2023, this series will spotlight the five finalists from each region, continuing this week with the five finalists from the Southern region. The Rookie of the Year program, sponsored by Colibri Real Estate and now in its second year, is… The post Meet the Rookie of the Year Finalists: Southern Region appeared first on RISMedia.

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Home Price Appreciation Continues in June

Eye on Housing

In June, national home prices continued to increase. Limited inventory and solid but weakened demand put upward pressure on home prices, despite rising mortgage rates. Locally, all 20 metro areas, reported by S&P Dow Jones Indices, had positive home price appreciation in June. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at.

Mortgages 111
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Another Seattle Bartell Drugs to close amid Rite Aid bankruptcy rumors

Seattle Times Real Estate

The closure of the Bartell Drugs store in the Uptown neighborhood leaves Seattle without a 24-hour pharmacy.

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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.