Toronto Realty Blog
NOVEMBER 8, 2023
TorontoRealtyBlog I’m on an honesty streak of late, so let me admit the following: after choosing the title of today’s blog, I came to realize that I don’t actually know what the idiom, “grasping at straws,” refers to. Do you? I think that many of us routinely use sayings, turns-of-phrases, and idioms for which we don’t know the origin.
Housing Wire
NOVEMBER 8, 2023
While the last months of the year can be a hectic time in your professional and personal life, it’s also the ideal time to make strategic money moves for a more prosperous New Year. Here’s a financial checklist that real estate agents and mortgage professionals should complete before the end of the year for more success and financial security in 2024. 7 money moves for a prosperous New Year Use these seven tips to save money, get additional tax benefits and make the most of your ins
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Keeping Current Matters
NOVEMBER 8, 2023
Are you dreaming of buying your own home and wondering about how you’ll save for a down payment? You're not alone.
Housing Wire
NOVEMBER 8, 2023
Mortgage applications picked up for the first time in four weeks as mortgage rates dropped by 25 basis points, to 7.61%. The Fed’s rate hike pause, combined with a softer October jobs report and the U.S Treasury’s issuance update, paved the way for rates to come down. For the week ending Nov. 3, total home loan applications increased 2.5% compared to the week prior , according to weekly mortgage application data from the Mortgage Bankers Association (MBA).
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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.
Real Estate News
NOVEMBER 8, 2023
During the company's recent earnings call, CEO Glenn Sanford was asked about ongoing litigation that claims eXp ignored a pattern of sexual misconduct.
Housing Wire
NOVEMBER 8, 2023
As multiple listing services look to navigate potential changes to cooperative compensation following the verdict in the Sitzer/Burnett commission lawsuit trial, some MLSs have preemptively changed their policies. Though these policies have been put in place to avoid future antitrust lawsuits, legal experts who spoke to HousingWire said they might not be enough.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 8, 2023
Another day and another class-action antitrust commission lawsuit accusing the real estate industry of colluding to inflate real estate agent commissions has been filed. But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. Known as Batton 2, after the lead plaintiff Mya Batton, the lawsuit accuses Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman of conspiring to artific
Inman
NOVEMBER 8, 2023
While others are downsizing, the nation's biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms.
Housing Wire
NOVEMBER 8, 2023
The Missouri judge who oversaw the landmark Sitzer/Burnett real estate commission lawsuit will also preside over the Gibson lawsuit brought by Michael Ketchmark, who represented the plaintiffs in Sitzer/Burnett. The class action-seeking Gibson case was assigned to Judge Stephen Bough, whose forthcoming injunctive relief ruling in the Sitzer/Burnett case is keeping the real estate industry rapt.
Inman
NOVEMBER 8, 2023
"Batton 2," exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another new suit called Gibson.
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.
Housing Wire
NOVEMBER 8, 2023
“Significant untapped growth potential,” touts a slide in an Offerpad Solutions Inc. presentation to investors in the blank-check SPAC that took the company public in 2020. Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations.
Inman
NOVEMBER 8, 2023
CEO Carrie Wheeler told Intel that Opendoor wants to purchase 2,000-plus homes per month and that the company is leaning into partnerships like the ones it has with Zillow and eXp.
Housing Wire
NOVEMBER 8, 2023
California lender Guild M o rtgage reported an increased profit in the third quarter despite high mortgage rates and limited home sales inventory. The purchase-focused lender with a distributed retail model emphasized its growth strategy of gaining purchase market share through acquisitions and bringing on high-performing originators as the industry continues to see muted demand for mortgages.
Inman
NOVEMBER 8, 2023
A majority of potential buyers say they're open to paying their agents in the wake of legal threats to commissions, according to results from a joint survey conducted by Inman with Dig Insights.
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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.
Housing Wire
NOVEMBER 8, 2023
Polly , a software-as-service mortgage tech firm, announced a bi-directional integration with MeridianLink , a loan origination software system provider, on Tuesday. The partnership enables lenders to access Polly’s products directly from the MeridianLink environment. Loan officers will be able to add MeridianLink Mortgage loan pipeline data directly into Polly’s product and pricing engine in real time, and vice versa.
Inman
NOVEMBER 8, 2023
With headwinds in sight for 2024, LoanDepot plans to slash $120 million in annual expenses following three consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon.
Housing Wire
NOVEMBER 8, 2023
Is the U.S. headed for another housing bubble crash? With home prices at all-time highs and concern that the labor market will break going into a recessionary period, is another 2008-style crash a possibility? The answer is no, and for that, we must thank the 2010 qualified mortgage (QM) rule, which has high standards for borrower credit scores and the ability to repay the loan.
Inman
NOVEMBER 8, 2023
Purchase mortgage applications trended up last week for the first time in nearly a month as mortgage rates retreated from 2023 highs, according to the MBA's weekly survey of lenders.
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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.
Housing Wire
NOVEMBER 8, 2023
Property services provider SingleSource Property Solutions has launched a new data collection solution for appraisal supported by SingleVue, its new mobile app, the company announced on Tuesday. This new suite of products will be of service to lenders for the Fannie Mae value acceptance + property data initiative. With these tools, lenders are poised to see “shorter loan cycle times, lower consumer costs, and an improved borrower experience,” the company said in a statement.
Inman
NOVEMBER 8, 2023
According to mortgage industry expert Matt Muscat, changes in the mortgage industry and in the financial landscape have made the job of loan officer more important and challenging than ever.
Housing Wire
NOVEMBER 8, 2023
UWM Holdings Corporation , the parent of United Wholesale Mortgage (UWM), produced lower mortgage origination volume in the third quarter of 2023 than the previous quarter – and more declines are expected to come. But volumes in Q3 came in at higher margins, close to the levels seen prior to the company’s Game-on pricing initiative that squeezed competitors out of the wholesale space.
Inman
NOVEMBER 8, 2023
Welcome Homes, a hybrid homebuilder and proptech company, announced its new "Make-an-Offer" module and an artificial intelligence-backed land analysis report on Wednesday.
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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.
RIS Media
NOVEMBER 8, 2023
The United States real estate market is actually the envy of the world. The U.S. boasts the world’s most orderly, efficient and equitable housing market—and many other countries are attempting to emulate it. Our system’s efficiency is driven in large part by agents and brokers competing aggressively, while also sharing their listing information with each… The post Op-Ed: Agent Commissions’ Possible New World: A Step Backward for Fair Housing appeared first on RISMedia.
Inman
NOVEMBER 8, 2023
Instagram expert Michelle Berman-Mikel teaches you to actively prospect and convert your Instagram connections into buyers and sellers who only want to work with you.
Bigger Pockets
NOVEMBER 8, 2023
You’ve seen Barbara Corcoran on Shark Tank, heard of her unbelievable real estate deals that make millions of dollars, and might own a product or two that she’s invested in.
Inman
NOVEMBER 8, 2023
In a five-minute video posted online Wednesday, NAR President Tracy Kasper urged Realtors to be transparent about commission negotiations as NAR gears up for a long legal battle ahead.
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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.
Bigger Pockets
NOVEMBER 8, 2023
The Federal Reserve seems to control much of the money supply, but the data suggests otherwise.
Inman
NOVEMBER 8, 2023
Proponents said the measure would raise $100 million per year. Chicago Realtors said the tax was volatile and not a reliable funding stream.
Bigger Pockets
NOVEMBER 8, 2023
The housing market is starting to show shifting fundamentals. What does this mean for prices over the next few months?
Inman
NOVEMBER 8, 2023
The brokerage has signed a lease for a 14,000-square-foot office space in the recently redeveloped HALL Park in Frisco, Texas, in a commitment to future growth in the region.
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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.
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