Fri.May 19, 2023

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What to Watch as We Head Into the Summer Housing Market

RIS Media

Summer is typically when the housing market heats up. In a normal year, there are more homes sold in the summer, and homes tend to sell faster. Prices peak during the summer months and new listings increase. Over the last few years, however, the housing market has been anything but typical, so what will summer… The post What to Watch as We Head Into the Summer Housing Market appeared first on RISMedia.

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Rocket sells roughly $20B in MSRs to JPMorgan Chase

Housing Wire

Add Rocket Mortgage to the list of companies selling mortgage servicing rights (MSR) in a difficult operating environment. The Detroit, Michigan-based lender sold about $20 billion in MSRs to JPMorgan Chase in April, following a decline in its servicing book in the first quarter of 2023. The company’s unpaid principal balance reached $524.8 billion as of March 31, compared to $535 billion at the end of December, according to Securities and Exchange Commission (SEC) filings. “In Apr

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Why slowing rent growth is a good sign for the economy, future buyers

Real Estate News

Rent growth was up just 0.3% YoY in April and is falling below inflation and wage growth, which "suggests better times ahead for the U.S. economy.

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Nominations for the 2023 Women of Influence award close today!

Housing Wire

Today marks the last day to submit a nomination for HousingWire’s prestigious and first-of-its kind Women of Influence award. Each year, HousingWire’s Women of Influence award spotlights women who are cultivating a new path forward for the housing economy and paving the way for the women who follow after them. These women are recognized based on achievements within their organizations, their communities and the in the industry at-large.

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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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Homebuying trends and motivations in the LGBTQ+ community

Real Estate News

A new report helps agents better understand the preferences, drivers and challenges for LGBTQ+ buyers.

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Judge should dismiss ICE, Black Knight’s constitutionality claims, FTC argues

Housing Wire

The Federal Trade Commission (FTC) asked a judge to dismiss Intercontinental Exchange (ICE) and Black Knight ‘s claims over the agency’s constitutionality and separation of power as “impertinent” and “immaterial.” The FTC, which is trying to prevent a merger between the two mortgage tech firms, said the two companies made “bare statements of legal conclusions that fail to meet the required pleading standards,” according to a filing made this week. ̶

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Rhode Island legislature approves more ADUs

Housing Wire

Residents in the state of Rhode Island could soon have an easier time constructing accessory dwelling units (ADUs) on their properties, as a bill prioritized by the state’s House Speaker Rep. Joe Shekarchi and sponsored by AARP passed the Rhode Island House of Representatives earlier this week. The bill, 2023-H 6082Aaa (given additional letters in its designation to reflect that it has been amended), is part of a broader package of 14 bills sought by the speaker in an effort to address housing i

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New home sales surprisingly steady in a wobbly market

Real Estate News

New homes may be particularly appealing to buyers when existing home inventory is tight.

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Should you follow everyone who follows you on Instagram?

Inman

Sue "Pinky" Benson tells you how to tell the difference between legit Instagram followers and those who are boosting your count without adding value.

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Rookie Reply: Tenant Red Flags and BEST Investor-Friendly Loans

Bigger Pockets

Want a better rental property loan?

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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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Can NAR keep real estate agents safe and sound? The Download

Inman

Each week on The Download, Christy Murdock takes a deeper look at the top-read stories of the week to give you what you’ll need to meet Monday head-on. This week: NAR’s latest Realtor safety proposal and resources for taking better care of yourself IRL and online.

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REITs vs. Stocks: Is There Any Diversification Benefit At All?

Bigger Pockets

If you're exploring diversification options, it's crucial to note that this investment might not be as sensible as initially thought. Here's the truth about this trendy investment.

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5 reasons top agents don’t worry about commission lawsuits

Inman

Although the bombshell commission lawsuits are scary, Inman contributor Chase Williams writes, it's time to focus on the things you can control and move forward.

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Home Remodeling Mistakes to Avoid

RIS Media

Remodeling a home isn’t easy; many things can go wrong during these projects. It is easy to make mistakes renovating a home, but there are steps and tips you can follow to reduce the potential problems. We look at some of the home renovation mistakes that people make so you can avoid them. These ten… The post Home Remodeling Mistakes to Avoid appeared first on RISMedia.

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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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Housing is outperforming, but recession may still be in the cards

Inman

Fannie Mae economists say "extraordinarily tight" inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes.

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Serena Williams’ house in Florida has many unique features, but no living room

Fancy Pants Homes

The only way to describe this 23-time Grand Slam singles title winner is BADASS! Since falling in love with tennis at the age of four, Serena has slowly grown to become one of the best athletes of our time. And while the icon announced her retirement from the sport that brought her worldwide fame back in September 2022, she remains one of the biggest names in tennis — leaving behind a legacy that will be hard to surpass.

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‘Selling Sunset:’ 60+ facts as the reality show returns for Season 6

Inman

Netflix's fan favorite is back with Season 6 (and Season 7 is coming!) Here's everything you never knew you needed to know about the series, its cast and The Oppenheim Group.

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Power Broker Breakdown: Who Dominated Across the Pandemic?

RIS Media

The pandemic was not a normal market. The further we move past that time, the more obvious it becomes. One of the major challenges when trying to measure and quantify periods of time like this is comparison. How do you juxtapose your business success in 2021 to 2022 or 2023 given how much has changed?… The post Power Broker Breakdown: Who Dominated Across the Pandemic?

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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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3 HR experts weigh in on the bad behavior reality TV shows overlook

Inman

When shows like "Selling Sunset" normalize workplace romances between brokers and agents, the dicey issues that arise from unequal power dynamics often go unspoken, experts told Inman.

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MLS Cooperation Is the Foundation for Organized Real Estate

RIS Media

If there’s one thing that’s constant in real estate, it’s that change is inevitable. Much of that change is driven by technology. In my nearly four decades in the real estate industry, I’ve witnessed firsthand the effects that technology has had, and how the pace of change has accelerated over the years. In 1984, when… The post MLS Cooperation Is the Foundation for Organized Real Estate appeared first on RISMedia.

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Door-knocking, danger alerts, FOMO demand: Inman’s Top 5

Inman

Wondering what you missed this week? Find out with Inman's Top 5 most-read stories of the week.

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Asking AI to visualize if your state was a Realtor®

The American Genius for Real Estate

AI has gotten pretty sophisticated, so we asked a bot what it would look like if your state was a real estate professional.

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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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Virtual Staging AI ensures you’ll never market an empty room again: Tech Review

Inman

Do you hate marketing an empty house? Virtual Staging AI offers a quick and easy-to-use solution to stage the rooms of a home virtually and save you and your client hassle. Craig Rowe offers a review of the service.

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Luxury Real Estate Headlines: Third Week in May 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Centre Island, New York | Daniel Gale Sotheby’s International Realty The Oyster Bay property boasts a bowling alley, a spa/salon, and a helipad, among other amenities across its 26 acres. Billy Joel’s Beachfront New York Estate Lists for $49 Million – Architectural Digest Why Wealthy Homebuyers Are Flocking to Puerto Rico – The Wall Street Journal A Greenhouse-Like Home Overlooking

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NAR’s membership is now shrinking for the 1st time in years

Inman

The organization's membership was down 0.66 percent in April compared to a year earlier. NAR thinks the numbers may fall even further.

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Amazon rides to the rescue of Seattle’s ailing downtown

Seattle Times Real Estate

With employees back in the office three days a week, Seattle's largest employer sets a template to avoid an "urban doom loop" of empty commercial space, blight and decay.

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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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Agents, stay off my grass and don’t knock on my door

Inman

While the conversation around door-knocking is compelling, it's not a prerequisite for success in the real estate business, writes Teresa Boardman. She offers a variety of alternatives if door-knocking just isn't your thing.

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Where Are the Most Affordable Suburbs?

RIS Media

With home prices remaining high, especially in cities across the U.S., potential homeowners may consider taking a look at suburbs for more affordable options. According to a new report from Point2, some suburbs boast prices per square foot up to 65% lower compared to the main city. Point2’s new report analyzes the prices and living… The post Where Are the Most Affordable Suburbs?

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Pacaso Reveals Top 15 U.S. Second Home Markets for 2023

Broke Agent Media

BAM Key Details: Pacaso just shared its list of the top 15 second home markets in the U.S. for 2023, based on Optimal Blue data. Eight of the top 15 markets are located in Florida. Pacaso just released its list of the 15 hottest second home markets in the U.S. year to date, based on Optimal Blue second home transaction data from January 1st to May 3rd, 2023.

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Mortgage Mix: Challenges Persist as 30-Year Rates Climb Slightly

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. Mortgage rates increased to 6.39%, the level at which they stood two weeks ago, according to the latest Primary Mortgage Market Survey from Freddie Mac. The 15-year fixed-rate mortgage remained unchanged, however, at 5.75%.

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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.