Tue.May 16, 2023

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The Homepoint post-mortem: How one of America’s largest mortgage lenders went bust 

Housing Wire

Ann Arbor, Michigan-based Home Point Capital did not experience the traditional ceremony to ring the Nasdaq Stock Market bell when the company went public in early 2021. Open and closed ceremonies usually occur at the Nasdaq MarketSite Studio in Times Square, but that changed in the wake of the COVID-19 pandemic. Instead, Home Point had a virtual ceremony, with pictures of smiling employees and a message from CEO and founder Willie Newman transmitted onto an enormous screen in Times Square. 

Mortgages 397
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Butterflies, the “Easy Bus” and a plan for tough times

Real Estate News

HomeServices of America CEO Gino Blefari knows what agents are facing — and what they’re capable of. His advice? Keep going. Winning is possible.

Agents 276
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Fintech Maxwell acquires mortgage solutions provider LenderSelect

Housing Wire

Wells Fargo -backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank. The financial terms of the transaction have not been disclosed. The deal, announced on Tuesday, expands Denver, Colorado-based Maxwell’s secondary market trading platform and brings hundreds of new clients to the company’s other solutions.

Mortgages 396
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Builders growing more confident heading into the summer months

Real Estate News

After a year of declining confidence in 2022, homebuilder optimism is on the rise, driven by buyer demand that is outpacing the supply of existing homes.

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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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APM, in expansion mode, hires back its former CFO

Housing Wire

California-headquartered lender American Pacific Mortgage (APM) has hired back its former CFO Prateek Khokhar. Khokhar will be filling the CFO position, which was previously held by Paul Hubbard for more than three years. Hubbard – who has been in the mortgage industry for 38 years – officially retired earlier this month, according to a LinkedIn post from Bill Lowman, vice chairman at APM.

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The Worst Home Price Declines Are Behind Us

Keeping Current Matters

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come.

Marketing 215

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Offices are in trouble. Can turning them into housing save downtown?

Inman

Office-to-residential conversions are on the upswing as remote work destabilizes commercial real estate nationwide. "Everything is on the table," affordable housing advocate Janan New told Inman.

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When Is Someone Able to Terminate a Real Estate Contract?

RIS Media

When you sign the purchase agreement for your dream home, you are locked into a legal contract with the seller. But what happens if you need to back out? Many ask if a seller can back out of a real estate contract but what about home buyers? Perhaps something about the home isn’t as expected,… The post When Is Someone Able to Terminate a Real Estate Contract?

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San Diego Homes & Estates pivots into 200-agent mega-team at eXp

Inman

Founded in 2004 and averaging $1.5 billion in sales, the former Windermere Homes & Estates franchisee is hanging a shingle with eXp Realty, broker-owner Rich Johnson announced on Monday.

Agents 164
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NAHB Index Shows Builder Confidence Increase in May

RIS Media

Builder confidence rose in May due to limited inventory creating a stronger need for new construction, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This is the fifth straight month of increases. “New home construction is taking on an increased role in the marketplace because many homeowners with… The post NAHB Index Shows Builder Confidence Increase in May appeared first on RISMedia.

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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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Don’t miss out on listings: Anthony Lamacchia’s sell/buy roadmap

Inman

Get ready to elevate your real estate game, maximize your opportunities and close more deals with valuable guidance from Anthony Lamacchia as he shares his insights on Inman Access.

Closing 164
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LGBTQ+ Alliance Pushes for ‘Article 10 Rule’ in Political Advocacy

RIS Media

Ryan Weyandt is CEO of the LGBTQ+ Real Estate Alliance, a nonprofit which lobbies on issues affecting the LGBTQ community in real estate and connects consumers with housing resources. As he has lobbied against recent state-level legislation that broadly encroaches on the rights of LGBTQ people, he says it is time for the real estate… The post LGBTQ+ Alliance Pushes for ‘Article 10 Rule’ in Political Advocacy appeared first on RISMedia.

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9 pros and cons: Are mobile home parks a smart investment in 2023?

Inman

Is investing in a mobile home park — a designated lot for communities of mobile or manufactured homes — truly lucrative? Clever Real Estate's Luke Babich looks at the benefits and disadvantages.

Design 164
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Harry Norman REALTORS® Nominated for 2023 Atlanta Real Estate Awards

RIS Media

Atlanta luxury firm Harry Norman, REALTORS® has announced 38 of the total nominees in the Interiors Atlanta 2023 Real Estate Awards are affiliated with the firm. The awards are conducted by magazine Modern Luxury Interiors; Harry Norman nominees span 22 of the 35 categories. “We are extremely grateful to have such a large number of… The post Harry Norman REALTORS® Nominated for 2023 Atlanta Real Estate Awards 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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How am I ever going to land my 1st listing?

Inman

Although new agents worry about contracts and contingencies, their real focus needs to be on lead gen for that all-important first listing. Christy Murdock reached out to Inman Contributors for their best advice on landing listings.

Land 164
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Realty ONE Group Holds Day of Giving Back

RIS Media

Realty ONE Group celebrated its 18th anniversary on May 1 the way it always does, with a network-wide day of giving back, they announced. On that Monday alone, Realty ONE Group professionals logged over 10,000 volunteer hours and contributed an estimated $300,000 to charitable organizations around the world, the company said. “Every day we live… The post Realty ONE Group Holds Day of Giving Back appeared first on RISMedia.

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Milestones swipes right, selects Plunk to enhance platform

Inman

Plunk's home renovation value analysis is a smart plug-in for Milestones, which assists homeowners in managing home ownership decisions, according to a company announcement.

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Inside an Entertainer’s Showplace in Houston

Sotheby's International Real Estate

In the early 1990s, Texas executive and entrepreneur John Thrash began the construction of a new home on a lush 3.6-acre property he had purchased in Houston’s leafy Memorial neighborhood. Using an extant midcentury Mexican-brick residence as a starting point, he aimed to create an expansive haven that paid homage to his idols—I.M. Pei, Frank Lloyd Wright, and Ludwig Mies van der Rohe—and that exhibited an organic symmetry found in the architectural vernaculars of both the East and the West.

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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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9 ways to get new clients without having to door-knock

Inman

Door-knocking can feel invasive, and some agents might even find it a little intimidating. Coach and trainer Darryl Davis offers a variety of great alternatives with solid ROI.

Agents 157
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Frenzy Monitor

BubbleInfo

Here’s another example of how the frenzy has taken a different path in each area. Carlsbad, Encinitas, La Jolla and Rancho Santa Fe are rolling along with about the same or more pendings than last month – which should have been the peak – but the wheels have come off the wagon in Carmel Valley.

Marketing 105
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Vanessa Villela of ‘Selling Sunset’ fame returns to The Agency

Inman

After two years with The Oppenheim Group, Villela's return to The Agency where she began her career felt like a homecoming, the Mexican-American actress-turned-real-estate-agent told People.

Agents 157
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4 Tips to Modernize Your Team’s Marketing Strategies

RIS Media

Nothing is worse than stale marketing, especially when the entire real estate industry is looking for new ways to capture consumers’ attention. In this competitive environment, standing out is paramount to reeling in more business. And, while agents should be marketing individually, building and updating your marketing presence as a team will help your agents… The post 4 Tips to Modernize Your Team’s Marketing Strategies appeared first on RISMedia.

Marketing 104
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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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First home? No problem! How to guide first-time homebuyers

Inman

In today’s highly competitive real estate market, first-time homebuyers need more assistance than ever, writes trainer and author Bernice Ross. Here you'll find an exhaustive list of resources that you can use to help them win.

Marketing 148
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Prices For U-Haul Truck Rentals

Maximum Exposure Real Estate

The Guide to U-Haul Pricing Are you considering a U-Haul rental? Do you want to know the U-Haul truck sizes and prices? It is challenging to miss U-Haul prices since they cover the side of their fleet of rental trucks. And at just $19.95, it is an eye-catching deal if you need to rent a […] The post Prices For U-Haul Truck Rentals appeared first on Maximum Real Estate Exposure.

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HGTV star Page Turner joins Coldwell Banker Exclusive

Inman

The real estate investment expert on HGTV's "Fix My Flip" will lead Coldwell Banker Exclusive's newly created affiliate, iKONIC Sports and Entertainment, to educate and empower clients in the sports and entertainment industries on real estate investing, the company said.

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How and Why to Be a Community Influencer

RIS Media

Growing deep roots in our community keeps us as part of the cloth we serve. Just as we work every day to cultivate deep bonds with customers, going deep rather than wide in your community has the most potential for long-term success. What does it mean to go deep? Typically, going “wide” is a way… The post How and Why to Be a Community Influencer appeared first on RISMedia.

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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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Compass CEO Robert Reffkin: FOMO is fueling ‘pent-up’ demand

Inman

Reffkin said Tuesday, during a Needham Technology & Media Conference session, that housing is in a "sideways" market — but after last year, homebuyers are now afraid prices will go even higher.

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Overcoming Challenges to Lead a Minority Team’s Success

RIS Media

Above, top left, team leader Andretta Robinson, with team members, top right Aaqila Harvey, bottom left, Lillie Hagan and bottom right, Bryant Triplett. As if the residential real estate profession wasn’t competitive enough, Andretta Robinson has had to accept that as a Black woman there were going to be extra challenges, subtle and overt, that… The post Overcoming Challenges to Lead a Minority Team’s Success appeared first on RISMedia.

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5 tips for what landlords should include in a rental lease agreement

Inman

Landlords will want to make sure to cover their bases when it comes to rent payments, security deposits and liability. Here are some tips for what to include in a rental lease agreement.

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Consumers’ Housing Market Perceptions vs. Reality

Broke Agent Media

BAM Key Details: The results of a new Opendoor survey reveal an inconsistency in housing market expectations, along with areas where buyers and sellers can meet in the middle. Buyers and sellers shared their top concerns, their home price predictions, and their plans and predictions regarding home offers. Data from a new Opendoor survey is shedding some light on how buyers and sellers see the housing market, what their top concerns are, and what they can agree on.

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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.