Wed.Aug 23, 2023

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Better closes merger with SPAC Aurora, unlocks $565M in fresh capital

Housing Wire

New York-based digital lender Better.com announced Wednesday the closing of its business combination with the special purpose acquisition company (SPAC) Aurora Acquisition Corp , , ending a two-year journey to make the business public. Better HoldCo, Inc. and Aurora are creating Better Home & Finance Holding Company , which will have Class A common stock listed on the Nasdaq under the ticker “BETR” starting Thursday.

Closing 369
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Maui broker: Hanging up on vultures, holding on to hope

Real Estate News

Chris Speicher feels "numb" in the wake of devastating wildfires but is committed to helping the community rebuild — in the right way.

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Vishal Garg unveils Better’s new strategy as a publicly traded company 

Housing Wire

New York-based digital lender Better.com has shifted its strategy ahead of its initial public offering (IPO). Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. is expected to begin trading on the Nasdaq Stock Exchange on Thursday under the ticker symbol “BETR.” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agen

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Why You Need a True Expert in Today’s Housing Market

Keeping Current Matters

The housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side.

Marketing 214
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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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New home sales picked up significantly in July. Can it last?

Housing Wire

After a slump in June, the sales pace of new homes picked up month over month in July, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In July, the sales pace of new homes climbed 4.4% compared to June , reaching a seasonally adjusted annual rate of 714,000. On a year-over-year basis, new home sales were up 31.5%.

Sales 356
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New home sales still hot, but will fall bring a chill?

Real Estate News

New construction got another boost in July, with sales up 31.5% year-over-year. Rising mortgage rates may reverse that trend.

Sales 243

More Trending

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Keller Williams cuts profit sharing for agents who fled to competitors

Inman

The franchisor will drastically slash profit share for "vested KW agents who actively compete with our brokerages" unless they return within six months, Keller Williams President Marc King said Tuesday.

Agents 148
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Federal Reserve fines Regions Bank $2.95 million for ‘unsafe’ flood insurance program

Housing Wire

The Federal Reserve System this week fined Birmingham, Ala.-based Regions Bank $2.95 million for “unsafe and unsound practices in its flood insurance compliance program and for flood insurance regulatory violations,” according to the Fed. The Board fined Regions “for its failure to effectively monitor a portfolio of home equity loans for compliance with flood insurance regulations due to changes in loan servicing platforms and third-party service providers,” noting that the bank had a pattern of

Banks 347
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Industry veteran Katie Kossev is Side’s new Texas managing broker

Inman

The Kossev Group founder Katie Kossev will be responsible for helping Side's 60 Texas partners grow their businesses through hands-on coaching and support, the company said.

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Vlad Stojanovic joins Christie’s International Real Estate

Housing Wire

Vlad Stojanovic, formerly of Compass, is joining the Beverly Hills office of Christie’s International Real Estate, the company announced Wednesday. The 15-year industry veteran is known for his connections to the tech and private equity sectors and boasts a track record of noteworthy transactions. Over the past two years, properties he’s sold ranged in price from $1 million to $35 million, according to Realtor.com.

Equity 328
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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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Homebuyer mortgage demand falls to lowest level since 1995

Inman

As mortgage rates hit new post-pandemic highs on inflation worries, an MBA survey finds applications for purchase loans fell for the sixth consecutive week last week and are down 30 percent from a year ago.

Mortgages 146
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Guaranteed Rate conducted two rounds of layoffs this month

Housing Wire

Guaranteed Rate , the seventh-largest mortgage lender in the country, has laid off hundreds of employees across two rounds of layoffs this month, according to former staffers who were affected. In the first round, the Chicago-based lender laid off project managers, director- and senior- level positions, as well as tech staff, multiple sources told HousingWire.

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Forecasters see home sales bottoming out this year, and then?

Inman

MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing.

Sales 147
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Tom Ferry coach on real estate recruiting in today’s market

Housing Wire

There’s no denying that this market will last for longer than a year. It’s time to take control of your business and plan for your future. We caught up with Emily Kettenburg , a seasoned coach with Tom Ferry , at the Tom Ferry Success Summit in Dallas where she shared her insights on the current trends and challenges in the real estate brokerage world.

Marketing 284
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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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Facebook referral groups are a joke. Here’s how to improve them

Inman

Those beloved referral groups on Facebook may not be the answer to your professional prayers, writes Sue "Pinky" Benson. There's a better way, and Benson is here with a breakdown of how to improve them.

Agents 144
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Rep. Waters wants concessions in ICE-Black Knight settlement agreement

Housing Wire

Rep. Maxine Waters, the ranking member of the House Committee on Financial Services , is concerned about the Federal Trade Commission settlement agreement that will allow Intercontinental Exchange Inc. (ICE) and Black Knight to merge. “In addition to potentially creating a housing finance conglomerate that would dwarf all other players in the industry, I remain concerned that this merger has the potential to harm consumers by displacing competing products and businesses that help mitigat

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Anywhere’s chief product officer: ‘Hallucinations’ are holding back AI

Inman

Should agents, brokers and clients put their faith in artificial intelligence right now? Until accuracy is improved, the answer is a resounding "no," Anywhere Chief Product Officer Tony Kueh told Intel.

Agents 141
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Meet the Rookie of the Year Finalists: Northeast 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, beginning this week with the Northeast finalists. The Rookie of the Year program, sponsored by Colibri Real Estate and now in its second year, is designed to honor real… The post Meet the Rookie of the Year Finalists: Northeast Region appeared first on RISMedia.

Design 98
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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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RE/MAX Holdings to lay off 7% of staff by end of September

Inman

The layoffs are part of a reorganization plan that will streamline operations and bring cost savings in the long term, the real estate franchisor said in Securities and Exchange Commission filings.

Brokerage 141
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Inc. 5000 Real Estate Firms Share Winning Growth Strategies Pre, During and Post Pandemic

RIS Media

Market cycles come and go, and for many, a sign of success can be how well you lead your brand and company through uncertain times. The past three years certainly provided its share of uncertainty, but several brokerages managed to thrive despite the rollercoaster ride. That was evident in this year’s Inc. 5000 list, which… The post Inc. 5000 Real Estate Firms Share Winning Growth Strategies Pre, During and Post Pandemic appeared first on RISMedia.

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Share of first-time homebuyers hits highest level since 2010: Zillow

Inman

Unburdened by rate lock, the share of first-time homebuyers rose to 50 percent this year, according to a new report from Zillow. That's the highest share since 2010.

Sales 140
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Could Florida’s Live Local Act Be the Blueprint for Addressing Housing Shortages Across the United States?

Bigger Pockets

A new Florida law will limit the power of local governments to impact zoning regulations, requiring them to approve multifamily and mixed-use residential developments in commercial, industrial, and mixed-use zones, […]

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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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After setbacks, Better goes public with plan to scale ‘greater heights’

Inman

Following six merger adjustments over two years, Better will go public Thursday with $565 million in new funding and plans to "aggressively" partner with agents as it builds its mortgage production team.

Mortgages 128
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New Home Sales See Growth After June Drop

RIS Media

New home sales grew 4.4% in July to a rate of 714,000, reversing course from June’s 2.5% drop, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development. The pace of new home sales also went up, coming in 31.5% higher from a year ago. “New home… The post New Home Sales See Growth After June Drop appeared first on RISMedia.

Sales 98
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Fueled by deals, new-home sales soar to highest level in 17 months

Inman

New-home sales rose 4.4 percent in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the U.S. Census Bureau.

Sales 127
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Historic Bed Stuy Factory Building, Now Church, to Be Partially Demo’d for Condos

Brownstoner

A Victorian rubber factory turned church -- known to locals as the "Glorious Hurch" after the "c" went missing on its sign -- on Marcus Garvey Boulevard will be transformed if plans go through for a partial demolition to make way for a new condo building on part of the… Read More > The post Historic Bed Stuy Factory Building, Now Church, to Be Partially Demo’d for Condos appeared first on Brownstoner.

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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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Here’s how to avoid a smoke-and-mirrors tech trap

Inman

When selected and used correctly, the right technology can be rocket fuel for your business, Mosaik CEO Sheila Reddy writes. However, implementation and adoption make all the difference.

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Bringing Innovation Within REACH for REALTORS®

RIS Media

The National Association of REALTORS® (NAR) understands that to succeed in today’s hyper-fast, highly competitive real estate market, brokerages and agents need access to cutting-edge technologies. NAR is committed to partnering with innovators to provide smart, vetted solutions for our members that help advance efficiency, automation, transparency and profit for their businesses—and the real estate… The post Bringing Innovation Within REACH for REALTORS® appeared first on RISMedia.

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Lacking momentum? Here’s how to get your groove back

Inman

Creating and maintaining positive momentum is essential for your success. Jimmy Burgess shares how to get back on top in the face of challenges.

Agents 136
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Missing Middle Construction Weakens

Eye on Housing

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has disappointed since the Great Recession. For the second quarter of 2023, there were just 3,000 2- to 4-unit housing unit construction starts.

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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.