Thu.Mar 16, 2023

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Anywhere CEO sees opportunities, advantages of scale

Real Estate News

Ryan Schneider, leader of one of the largest real estate enterprises, believes the company will benefit from continued investments, even in a downturn.

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Latest housing starts data is good for mortgage rates

Housing Wire

How is today’s housing starts data , which beat expectations, good for mortgage rates ? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad for fighting inflation. The answer is simple: The best way to fight inflation long-term is to add more supply. Destroying demand is a short-term fix, but longer-term supply is the natural economic way.

Mortgages 521
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Real posts net loss for 2022 but sees a turnaround coming

Real Estate News

Despite a challenging real estate market, CEO Tamir Poleg expects the company’s EBITDA to turn positive in the second half of 2023.

Marketing 279
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Big banks to rescue First Republic with $30B in deposits 

Housing Wire

A group of 11 U.S. banks has agreed to make $30 billion in deposits at First Republic Bank to avoid another regional bank failure. The rescue comes after Silvergate Bank , Silicon Valley Bank and Signature Bank collapsed amid a liquidity crisis caused by a deposit run. “Today, 11 banks announced $30 billion in deposits into First Republic Bank.

Banks 468
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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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After a topsy-turvy week, mortgage rates drop

Real Estate News

In the wake of turbulence in the banking sector, the 30-year fixed-rate mortgage fell to 6.6%, down from 6.73% a week ago.

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Housing starts increase to meet rising buyer demand

Housing Wire

After pulling back at the start of the year , homebuilders jumped back in during February as homebuyer demand and builder confidence trended upward. Homes were started at an estimated annual pace of 1.45 million in February, up 9.8% month over month, according to a report released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD).

Banks 448

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First Republic Bank is reportedly exploring sale: Bloomberg

Housing Wire

First Republic Bank , the fourth-largest non-agency jumbo lender in America, is exploring strategic options, including a sale and a capital infusion, and is expected to attract interest from larger rivals, Bloomberg reported on Wednesday, citing anonymous sources with knowledge of the matter. No decision has been made, and the bank can remain independent, people who requested anonymity for discussing confidential information said.

Banks 82
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Coldwell Banker latest brokerage to settle in wake of ‘Newsday’ exposé

Inman

Coldwell Banker agents subjected prospective homebuyers of color to different requirements than white homebuyers, according to the Office of the New York State Attorney General.

Brokerage 167
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Mortgage rates declined amid banks failures. What’s next?

Housing Wire

After increasing steadily for over a month, mortgage rates fell last week following a deposit run that provoked a liquidity crisis in regional U.S. financial institutions — and resulted in the failures of Silicon Valley Bank and Signature Bank. But what is there to expect ahead for the housing market? Industry observers said that, at least in the short term, mortgage rate declines will support home prices but lead to a better outlook for the spring season.

Banks 397
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How scary is a contagion? Imagine if everyone sold their house at once

Inman

Could a contagion hit real estate? Not now, Inman founder Brad Inman writes. But cavalier lending, greed and bad actors can all wreak havoc on the housing market.

Lending 158
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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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The mortgage industry doesn’t want the DTI LLPA fee delayed. They want it killed

Housing Wire

The Federal Housing Finance Agency ’s (FHFA’s) decision to delay implementing the controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income (DTI) ratios gave mortgage lenders a breather. The agency postponed the implementation of the fee to August 1, and it also said lenders will not be subject to post-purchase price adjustments on any loans acquired Fannie Mae and Freddie Mac this year.

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Redfin Premier expands nationally to more than 100 new markets

Inman

Redfin Premier, which matches luxury homebuyers and sellers with a Redfin Premier agent and marketing tools specific to the luxury brand, is launching in every market the brokerage operates.

Marketing 158
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Blend focuses on tech, cost reduction as it reports $769M loss

Housing Wire

California mortgage tech firm Blend Labs is focused on cutting costs and courting more users to its Blend Builder platform. The goal is to bring the firm to profitability after posting a net loss of $768.6 million in 2022. Blend’s net loss last year is more than four times the $171.3 million loss it incurred in 2021. The mortgage tech company reported an $82.1 million loss in the fourth quarter of last year, an increase of 13% compared to the third quarter of 2021, when the company posted a net

Banks 396
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As losses mount, Blend looks beyond mortgage for future growth

Inman

The San Francisco-based cloud banking software provider has trimmed the company's payroll by 1,100 employees and cut annual expenses by $72 million.

Mortgages 158
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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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CFPB launches inquiry into data brokerage business practices

Housing Wire

The Consumer Financial Protection Bureau (CFPB) announced this week that it is launching an inquiry into the business practices of data brokerage firms to learn whether their impact on consumers can inform planned rulemaking under the Fair Credit Reporting Act (FCRA). In its request for information (RFI), the CFPB is attempting to learn the full scope of data brokers, their business practices, the potential impacts on the daily lives of consumers and whether they are all operating on the same se

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7 reasons agents are failing (and how to avoid their mistakes)

Inman

The current real estate market separates the best from the rest. Jimmy Burgess shares how to avoid the biggest mistakes agents are making right now.

Agents 148
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Qualia adds a new product to its software offerings

Housing Wire

Closing software provider Qualia has announced a major update to its software offerings. On Thursday, the firm announced the launch of Qualia Atlas. According to Qualia , Atlas combines title and escrow production, as well as vendor management, along with client and homebuyer connectivity. “We originally launched Qualia almost 10 years ago with the belief that a modern technology infrastructure could fundamentally transform homebuying into a simple, secure, and enjoyable experience for everyone

Title 365
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Multifamily construction delivers boost to housing starts in February

Inman

Apartment building construction soared 24 percent in February, lifting new housing starts overall despite a weak month for single-family builds, according to data released Thursday by the U.S. Census Bureau.

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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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Single-Family Starts Remain Lackluster but Will Rebound Later This Year

Eye on Housing

Single-family production remained at an anemic pace in February as builders continue to wrestle with elevated mortgage rates, high construction costs and tightening credit conditions that threaten to be exacerbated by recent turmoil in the banking system. Led by gains in apartment construction, overall housing starts in February increased 9.8% to a seasonally adjusted annual rate of 1.

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3 things Netflix, Airbnb and Google do (that most leaders don’t)

Inman

Good leadership is often the difference between a thriving business and a failing one. A great leader cares about their people and prioritizes their needs to ensure a happy and productive work environment.

Brokerage 148
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Summer Home-Selling Maintenance Checklist: 15 Expert Tips

HomeLight

Yikes… it was a rough winter, and maybe the spring-cleaning memo got lost in your inbox. Now it’s time to put your home on the market , but if you leave it unmaintained and unkempt, you’ll never impress potential buyers. You need a summer home-selling maintenance checklist. So, where should you start? We interviewed some of the top real estate agents about what buyers look for when they’re shopping for homes and found out everything we could about how to whip your home back into shape this summe

Staging 111
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Watch Now: iBuying, positioning your brand and winning listings

Inman

The newest Inman Access classes are live! Watch experts discuss the latest iBuying trends, mastering branding and positioning, and tactics to secure listings in a competitive market.

Branding 148
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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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8 Pros and Cons of Buying a House in the Spring

HomeLight

As the spring 2023 real estate market begins to blossom, prospective homebuyers are weighing the advantages and disadvantages of purchasing a house during this popular season. “I think one of the biggest pros to purchasing in the spring is that there tends to be more inventory to choose from,” says Amy Cherry Taylor , a Fredericksburg, Virginia-based real estate agent with two decades of experience.

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LISTEN: It’s not too late to advocate for affordable housing

Inman

Have we reached the point of no return when it comes to affordable housing? Dr. Lee Davenport and her guest, Georgia State University's Dr. Dan Immergluck, discuss the peril and possibilities.

MLS 148
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Coldwell Banker Formally Launches in Chile, South America

Coldwell Banker

The franchisor serves as a shining light across the Chilean market The post Coldwell Banker Formally Launches in Chile, South America appeared first on Coldwell Banker Blue Matter.

Marketing 102
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Broker Spotlight: Ida Schwartz, Compass Florida

Inman

Find out how this luxury broker made the move from banking to stay-at-home mom to real estate (Hint: It started with an open house).

Banks 148
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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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What Are the Different Types of Property Liens

Realty Biz

Are you in the process of applying for your first mortgage ? Or perhaps you've discovered that an estate tax lien has been placed on your property. Whatever the case, as a property owner, it's important to understand as much as possible about real estate liens. A property lien is a legal claim placed on a property by a creditor as collateral for an outstanding debt or payment owed.

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What Are iBuyers: What to Know About an Instant Buyer

Maximum Exposure Real Estate

The Guide to iBuyers Explained Have you heard the term iBuyer or instant buyer and wondered what it meant? iBuyers are confusing to those who have never heard the term. Technology changes how we do business, and real estate is no exception. The internet has already caused significant changes in the real estate sales process. […] The post What Are iBuyers: What to Know About an Instant Buyer appeared first on Maximum Real Estate Exposure.

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Social Media for Real Estate: 3 Experts Weigh in on What’s Working

Broke Agent Media

Mastering social media for real estate can be a game changer for your business. But very few agents are putting out content that either helps create top-of-funnel opportunities or helps close deals at the bottom of the funnel. As Tom Ferry said, everything else is just noise. Marketing expert Jason Pantana and BAM co-founder Byron Lazine recently joined #1 real estate coach Tom Ferry on The Tom Ferry Podcast Experience to share what’s working—and what isn’t—for real estate agents on the major

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Need an Appointment Setting Script? Here’s 3 that WORK!

Tom Ferry

If you want more listing appointments, you need a great appointment setting script. Well, I’ll do you two better – and they’re delivered through text and email! Let’s talk about why having an appointment setting script is possibly the most important tool in your arsenal right now. Two weeks ago, we covered what your No. […] The post Need an Appointment Setting Script?

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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.