Fri.Feb 09, 2024

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CoStar’s billion-dollar marketing spend to include four Super Bowl ads

Housing Wire

The portal wars are heating up. In an attempt to reach residential listing portal supremacy, CoStar Group (the parent company of Apartments.com and Homes.com ) will air four advertisements during this Sunday’s broadcast of Super Bowl LVIII between the San Francisco 49ers and the Kansas City Chiefs. “The Super Bowl is a deep part of American culture and it grabs a disproportionate share of everyone’s mind,” Andy Florance , the CEO of CoStar Group, said.

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Anywhere expands board with investment firm leader Joseph Lenz

Inman

Joseph Lenz is a managing director and co-head of research at TPG Angelo Gordon. He becomes the 13th member of Anywhere's board this week after the franchising giant added a seat.

Brokerage 191
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Mortgage credit availability increased in January: MBA

Housing Wire

The availability of mortgage credit increased in January, according to a report issued by the Mortgage Bankers Association (MBA) based on data sourced from ICE Mortgage Technology. The MBA’s Mortgage Credit Availability Index (MCAI) increased in January to 92.7, or by 0.7% over December’s figure, based on initial benchmarking of the index to 100 in 2012.

Mortgages 419
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7 new real estate books that should be on your reading list

Inman

Whether looking for advice as a new agent, as a real estate investor, or as a seasoned agent, these seven new releases by established industry names can offer a lending hand when it comes to pushing your business to the next level.

Lending 186
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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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Reverse mortgage originators report good starts to 2024 business

Housing Wire

Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. After enduring challenges stemming from higher interest rates, stricter qualifications and broader industry consolidation, loan officers seem to be optimistic about how things have progressed in the early portion of 2024.

Mortgages 414

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Federal judge says suit against UWM’s ‘All-In’ initiative should be dismissed

Housing Wire

A lawsuit against the “ All-In” initiative at United Wholesale Mortgage (UWM) should be dismissed, a federal judge said, citing inadequate evidence to prove accusations against the lender. Florida-based Okavage Group sued UWM in April 2021, following the lender’s announcement of an ultimatum that the wholesale lender will no longer partner with brokers who also work with Rocket Mortgage or Fairway Independent Mortgage Corp.

Lending 413
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Chad Roffers dishes on a Sotheby’s Concierge Auction record

Inman

The Sotheby's Concierge Auctions founder and CEO shared more about how the recent auction of "La Dune" went down, as well as key reasons why luxury agents turn to the brand to get a deal done.

Branding 168
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CFPB settles decade-old foreclosure relief scam enforcement suit

Housing Wire

The Consumer Financial Protection Bureau (CFPB) on Friday announced that it has reached a settlement with four attorneys and their company, Consumer First Legal Group , over a long-running enforcement case regarding what the bureau called a foreclosure relief scam. Consumer First Legal Group and four attorneys — Thomas G. Macey, Jeffrey J. Aleman, Jason Searns and Harold E.

Mortgages 410
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Take charge of the next era of real estate at Inman Connect Las Vegas

Inman

A new era in real estate is unfolding. Inman Connect Las Vegas is where the most powerful voices in the industry are coming together to create change.

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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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Anywhere Real Estate appoints new board member

Housing Wire

Anywhere Real Estate named Joseph Z. Lenz to its board of directors, the company announced on Thursday. The appointment will be effective starting Feb. 13, 2024. Lenz currently serves as managing director and co-head of research for credit solutions at TPG Angelo Gordon , a prominent global asset manager with more than $200 billion in assets. As a result, the Anywhere board will expand from 12 to 13 directors under the helm of Chairman Michael J.

Investor 403
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Office space fallout raises more questions about regional banks

Inman

Regional banks are in the spotlight again as cracks begin to show in their balance sheets due to the ongoing distress in the commercial real estate sector.

Banks 176
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Seattle property taxes among top 5 most expensive in big U.S. cities

Seattle Times Real Estate

The median property tax paid by Seattle homeowners in 2022 was around $6,800. From 2010 to 2021, it rose a whopping 89%. Columnist Gene Balk digs into the data.

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SERHANT. launches in Orlando with The Home Squad

Inman

The 16-member team led by Sarah and Mark Raumaker closed $86 million in sales volume last year and has sold more than $260 million in sales volume since its founding in 2018.

Closing 163
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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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We Ranked Every NFL Team’s Real Estate Market and Found the Best Cash Flow Opportunities

Bigger Pockets

While we didn't get the matchup America wanted (Lions vs. Ravens), we do get to watch a 2020 rematch between the 49ers and the Chiefs. To prep for the game, we crunched the data on every team's real estate market and found which ones had the best potential for investors.

Marketing 121
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More commission suit fallout: Inman’s Top 5 stories of the week

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 176
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Consumer Sentiment at Highest Levels in Years

RIS Media

The latest Fannie Mae Home Purchase Sentiment Index® (HPSI) shows an increase of 3.5 points in January to 70.7, its highest level since March 2022. Overall, the full index is up 9.1 points year over year. The index and its assessment are based on the following components: Do respondents think now is a good time… The post Consumer Sentiment at Highest Levels in Years appeared first on RISMedia.

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Is it real, or is it Bella Staging? Tech Review

Inman

The final word is that Bella Staging should be on your list when that next listing isn’t getting the attention that market conditions suggest it should.

Staging 168
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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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How Much Money Is Enough to Make You Happy? Most Americans Say $284,000, Others Say $1.2 Million

Bigger Pockets

In a recent survey, 67% of respondents said that their happiness hinged on their ability to pay bills on time. Another 45% said homeownership made them happy. Others said they needed $1 million in the bank to be secure. So what is the true cost of happiness, and how much does it take to really sit back and relax?

Banks 118
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2 multifamily operators settle in RealPage antitrust lawsuit

Inman

Pinnacle Property Management Services and AIR have settled with plaintiffs who accused them of increasing rent prices through collusion.

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Mortgage Mix: Affordability Improves as Mortgage Rates Level Off

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 saw very little movement this week, according to the latest Primary Mortgage Market Survey from Freddie Mac. The 30-year fixed-rate mortgage went from 6.63% last week to 6.64% this week, and the 15-year… The post Mortgage Mix: Affordability Improves as Mortgage Rates Level Off appeared first on RISMedia.

Mortgages 117
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7 spring pop-bys that’ll perk up your client relationships

Inman

Want to make real estate more fun for you and your clients? Check out Darryl Davis' ideas for spring-themed gifts.

Agents 140
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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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How Often Do Pending Offers Fall Through When Selling a Home?

HomeLight

Selling your home can be an exciting time of hopeful anticipation — or a season of dreaded anxiety. You can experience both when waiting for a pending offer to pan out, causing you to wonder, “How often do pending offers fall through?” In this post, We’ll provide insights into the realities and risks that come with pending offers. We’ll also share expert tips from a recent HomeLight survey of over 1,000 top real estate agents.

Lending 113
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What’s your 100-year plan? Finding ikigai in life and business

Inman

The median age for a Realtor is 60. That means it's time to think about the realities of aging, retirement and building a lasting legacy.

Agents 126
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Interview: Andy Florance on Restoring Transparency and Putting Agents ‘Back in Front of America’

RIS Media

Above, a screenshot from one of Homes.com’s new ads featuring Dan Levy of Schitt’s Creek fame and SNL’s Heidi Gardner. During one of America’s most enduring traditions, Super Bowl Sunday, Homes.com plans to make history, regardless of who takes home the championship trophy. Through four commercials reaching some 113 million viewers, the rapidly ascending real… The post Interview: Andy Florance on Restoring Transparency and Putting Agents ‘Back in Front of Am

Agents 112
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Luxury Real Estate Headlines: Second Week in February 2024

Sotheby's International Real Estate

Appleby, England | United Kingdom Sotheby’s International Realty Defensive structures on the site date back to the Romans, but the current keep was built a mere nine centuries ago. 900-Year Old Castle is on the Market in UK for $12M – Bloomberg Six Flags Set Designer Brought Wild West to Life Inside $8.95M Georgia Home – The Wall Street Journal $30M Farm Offers Seclusion and Style Outside of Auckland – Robb Report A 1905 Greenwich, Connecticut, Landmark Lists With a New Look for Nearly $

Design 111
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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.