Thu.Sep 28, 2023

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Pending home sales fell 7.1% in August

Housing Wire

Mirroring the trend for new home sales , pending home sales fell 7.1% in August, according to data released Thursday by the National Association of Realtors (NAR). All four regions of the U.S. posted month-over-month and year-over-year declines in transactions. Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July.

Sales 496
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Why Your House Didn’t Sell

Keeping Current Matters

If your listing expired and your house didn’t sell, you’re likely feeling a little frustrated.

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Actually Agents joins The Broke Agent within BAM

Housing Wire

Real estate media just got funnier as Actually Agents will join The Broke Agent within BAM , a real estate media company. While continuing to operate independently, Luca Alboretti of Actually Agents and Eric Simon of The Broke Agent will “collaborate to produce funny and engaging content that both entertains and educates real estate professionals,” BAM announced in a press release Thursday.

Agents 490
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Mortgage rates soar to 23-year high

Real Estate News

Even as interest rates climb, home prices aren't budging, a combo which may "put the brakes on the housing market.

Mortgages 317
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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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Mortgage rates surge to highest level since 2000

Housing Wire

Mortgage rates climbed again this week as investors braced themselves for ‘higher-for-longer’ conditions following last week’s Fed meeting. Additionally, the yield on 10-year treasuries shot up to 4.6% on September 27 from 4.3% a week prior. Just before noon on Thursday, they were Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.31% as of Sept. 28, up 12 basis point from last week ’s

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Pending home sales slid a staggering 7.1% in August

Real Estate News

The decline could mark "the beginning of the end of this resilient housing market," according to one economist.

Sales 306

More Trending

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Teams on the Move: @properties, KW, Compass gain teams

Real Estate News

Chicago duo takes North Shore business to @properties; No. 1 New Orleans agent joins Keller Williams; Compass team increases brokerage's Milwaukee presence.

Brokerage 264
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Mortgage delinquencies near all-time low in July: CoreLogic

Housing Wire

U.S. mortgage delinquencies remained almost unchanged in July, nudging up 0.1 percentage point to 2.7% from 2.6% in June, according to CoreLogic ’s Loan Performance Insights. In fact, both delinquency and foreclosure rates hovered near all-time lows in July. “Overall U.S. mortgage delinquencies remained near a record low in July, with the share of homes entering that status or progressing to later stages either unchanged or lower,” said Molly Boesel, principal economist for CoreLogic , in a ne

Mortgages 467
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MoxiWorks bridges 2 popular products to simplify lead response

Inman

The update allows users to directly access presentations and CMAs from MoxiPresent while working within MoxiEngage, the company’s popular customer relationship management solution.

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ICE envisions an unstoppable ‘life-of-loan’ platform with Black Knight acquisition

Housing Wire

Having completed the $12 billion acquisition of Black Knight , Intercontinental Exchange (ICE) is confident in evolving into a true life-of-loan platform: powering origination to final settlement, all in one unified digital ecosystem, executives said during its conference call with analysts. “By integrating Black Knight servicing, and robust data and analytics offering with ICE’s industry leading loan origination data and document automation platform, as well as our closing and consumer engageme

Loans 455
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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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Pending home sales nosedive in August as interest rates soar

Inman

The Pending Home Sales Index dipped 7.1 percent to a measure of 71.8 between July and August, according to NAR.

Sales 196
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Opinion: When it comes to default and REO, what you don’t know will hurt you

Housing Wire

Even though mortgage origination volumes are down, we’re experiencing a highly competitive purchase market. That means a number of businesses, seeking to grow their revenue, will likely look to expand their reach to the default and REO space. But for those who haven’t done their homework, this is not an easy step, nor is it easy money. More than a few firms learned this the hard way during the housing meltdown and Great Recession, when foreclosure volume soared and public scrutiny intensified.

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5 fresh, must-try ChatGPT strategies for next-level results

Inman

Artificial intelligence tools like ChatGPT provide unprecedented leverage when you know how to use them effectively. Jimmy Burgess and Andy Beal offer strategies to help you make the most of this game-changing tech.

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Zillow moves to have REX suit dismissed

Housing Wire

After nearly 10 days of trial proceedings, Zillow is ready for its years-long legal battle with REX Real Estate to be over. On Wednesday, just nine days after the long-awaited trial’s September 18 start date, the real estate behemoth file a motion for judgment as a matter of law in the U.S. District Court in Seattle hearing the trial. A judgement as a matter of the law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance,

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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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Broker Spotlight: Pat Wilkins, RE/MAX Affinity Plus

Inman

Learn more about this Marco Island real estate legend and the coastal lifestyle he loves to share with clients and colleagues.

Brokerage 195
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New York Gov. Hochul signs bill giving flood risk ‘right to know’ to homebuyers

Housing Wire

New York Gov. Kathy Hochul (D) last week signed a bill into law that establishes a flood risk “right to know” for homebuyers. The legislation is meant to safeguard prospective homeowners against the expanding risks of flooding and natural disasters. Assembly Bill A1967 “requires disclosure of information concerning flood insurance on property condition disclosure statements [and] relates to liability with respect to property disclosures,” according to the bill’s official description on the New Y

Closing 434
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Franchisee drops misconduct claim against Keller Williams, Gary Keller

Inman

Inga Dow filed a notice in the U.S. District Court for Northern Texas on Monday dismissing claims against all but former KW CEO John Davis, who she said harassed and abused her while KW did nothing.

Brokerage 195
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United Real Estate CEO on minding the value gap for franchisees

Housing Wire

“You’ve probably heard this mantra — your listing, your lead, but most of the lead aggregators in the country say, ‘Your listing, our lead, and then we’ll distribute it to whoever pays us the most,'” said Dan Duffy, CEO of United Holdings at Elevate, the firm’s annual conference held in Orlando. “We’re trying to reverse engineer all of that and [give] some control and power back to you.” The firm is doing that with a new lead generation produ

Brokerage 434
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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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Actually Agents teams up with BAM, formerly Broke Agent Media

Inman

After years of mutual admiration and some friendly competition, two of the biggest real estate humor brands have decided to join forces at BAM.

Agents 193
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Loan Simple hires Jim Anderson as chief marketing officer

Housing Wire

Jim Anderson Colorado-based lender Loan Simple brought on Jim Anderson as its new chief marketing officer. Anderson, who started the new role in September, will oversee all aspects of the firm’s marketing, branding and demand-generation efforts. “With over 20 years of experience at Finance of America (FoA), Stearns Lending , Certainty Home Loans , CNN , Accenture and The Weather Channel , he brings innovative, business-building, marketing strategies to Loan Simple,” the company said in a LinkedI

Loans 433
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Keep calm and carry on. How to stay cool when things get heated

Inman

Through mindfulness and breath work, coaches Melanie Klein and Emily Bossert offer strategies to help you navigate the highs and lows of day-to-day business.

Agents 192
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47-year-old Florida indie brokerage joins RE/MAX

Housing Wire

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. Ocala, Florida -based Foxfire Realty is the latest firm to join a national brand, announcing its move to RE/MAX on Wednesday. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

Brokerage 433
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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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3 tips to help budding brokers go from surviving to thriving

Inman

Getting your broker's license is just the start of the story, broker-owner and educator Elisha Lopez writes. Here's how to elevate your brokerage career to the highest heights.

Brokerage 187
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Long Island indie brokerage joins Century 21

Housing Wire

Anchor Real Estate of Long Island, Inc. is the latest independent brokerage to affiliate with a major national brand. The Patchogue, New York -based firm announced Wednesday that it was affiliating with Century 21 Real Estate LLC. Founded in 2017 by the mother-daughter team of Gina and Cristina Ferraro, Anchor Real Estate serves clients in Nassau and Suffolk Counties.

Brokerage 433
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Here’s what it takes to be a full-service real estate agent

Inman

A full-service agent provides superior service and focuses on the client's best interest. That's what sets their performance apart, according to The Agency's President Rainy Hake Austin.

Agents 179
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How to Find a Real Estate Attorney Near You

RIS Media

The real estate world is dynamic and filled with exciting opportunities and intricate challenges. Whether stepping into the market as a buyer, seller, or someone dealing with property-related complexities, having the right real estate attorney by your side is like having a compass in uncharted territory. But how do you find that ideal legal partner… The post How to Find a Real Estate Attorney Near You appeared first on RISMedia.

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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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5 reasons agents should embrace a back-to-school mentality

Inman

The real estate market is always changing, so it's up to you to stay smart, educated and informed so that you can help your clients. Coach Darryl Davis offers five reasons you should lean into back-to-school time to reboot your training plan.

Agents 179
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Asking Rents Down 1.2% Year-over-year

Calculated Risk Real Estate

Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (See from September 2021: Household Formation Drives Housing Demand ). The surge in household formation has been confirmed (mostly due to work-from-home), and this led to the supposition that household formation would slow sharply in 2023 (mostly confirmed) and that asking rents might decrease in 2023 on

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7 steps for empowering homebuyer clients with disabilities

Inman

Understanding disabled clients' needs can make the difference between a sale and a missed opportunity. Keller Williams' Julia Lashay Israel offers steps that you and your team can take.

Sales 174
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WA Supreme Court sides with Inslee in challenge to eviction moratorium

Seattle Times Real Estate

Landlords sued Gov. Jay Inslee, alleging he violated the law when he barred certain evictions in the wake of the pandemic.

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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.