Fri.Jan 27, 2023

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Pending home sales rise for the first time since May 2022

Housing Wire

Pending home sales ended 2022 on a positive note. After six consecutive months of declines, the Pending Home Sales Index rose 2.5% month over month in December to a reading of 76.9, according to data released Friday by the National Association of Realtors (NAR). “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. “ Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to st

Sales 414
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Pending home sales trend up for first time since last spring

Inman

In a positive sign for the real estate industry — and the spring homebuying season — pending home sales rose in December for the first time since May 2022, increasing 2.5 percent from November.

Sales 152
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Top Fairway LO Dave Medina decamps for Movement Mortgage to spread his wings

Housing Wire

Top-producing loan officer Dave Medina and his team at the Temecula, California-based branch have left ​​ Fairway Independent Mortgage to join Movement Mortgage. The move, which marks the start of Movement’s branch partnership strategy, comes four months after the South Carolina-based lender hired two top executives away from Fairway. “In the 20 years that I’ve been doing this business, I’ve only moved companies once, and that was when the company sold the mortgage divis

Mortgages 382
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11 red flags that you’re getting off track in your real estate business

Inman

It is possible to tell when your real estate business is going off-course before it’s too late. By keeping your fingers on the pulse of your business, you can evaluate often and adjust your course.

Agents 156
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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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Biden administration rolls out renter protections as rent prices soar

Housing Wire

As housing prices remain high across the nation, the Biden administration is taking action. The administration announced new actions earlier this week to protect access to housing and make rentals more affordable. According to the White House, roughly 35% of the U.S. population — or over 44 million households — live in rental housing, but there are no comprehensive federal laws to protect renters.

Finance 404

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Last call for the 2023 Finance Leaders

Housing Wire

Today marks the last day to nominate someone for the 2023 HW Finance Leaders award. Don’t miss the chance to recognize the top finance executive at your organization! Eligible nominees must be corporate finance, capital markets, or accounting executives within mortgage origination or a real estate brokerage and will be selected based off of financial management, strategic thinking and contribution to their organization.

Finance 382
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Douglas Elliman brings on John Stanaland Group in Orange County

Inman

The 12-person John Stanaland Group, formerly of Villa Real Estate, closed more than $300 million in sales volume in 2022, according to an announcement Thursday from Douglas Elliman.

Closing 148
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Old Republic’s net income was down over 55% in 2022

Housing Wire

The rapidly cooling housing market in 2022 was not kind to Big Four title insurer Old Republic. While the century-old firm, which is celebrating its 100 th anniversary in 2023, did generate net income for both the fourth quarter of 2022 as well as for the year as a whole, it was down substantially last year. During the fourth quarter of 2022 , Old Republic recorded a net income of $512.1 million, down from $627.0 million in Q2 2021.

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AI now complete with built-in stereotyping

Inman

If you want to use the ChatGPT chatbot for marketing, you need to be aware of its limitations and potential drawbacks, writes broker Teresa Boardman. It may make more sense, in fact, to do your own writing.

Marketing 156
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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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Luxury Real Estate Headlines: Fourth Week in January, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Pacific Palisades, California | Sotheby’s International Realty – Santa Monica – Venice Brokerage A rustic house in Rustic Canyon, a west side neighborhood of Los Angeles, has come to the market for the first time since it was built in 1987.

Brokerage 131
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RE/MAX’s keys to success in 2023: Recruitment, mergers, acquisitions

Inman

As the brokerage prepares for a slower market, agent recruitment, finding a permanent RE/MAX Holdings CEO and franchise consolidation are among the issues RE/MAX will face in 2023.

Brokerage 148
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Where People Moved in 2022

NAR: Economic Outlook

Where People Moved in 2022 After a historically low moving rate in 2021, data indicates that even fewer Americans moved across the country in 2022.

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Zillow’s Curt Beardsley: ‘Invest time and energy with companies that are going to be here next year’

Inman

Zillow, Keller Williams and Realtor.com shared their respective takes this week at Inman Connect New York on the trends expected to take hold in 2023.

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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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Talk Natural to Me: Zillow’s AI Natural-Language Search Engine

Broke Agent Media

BAM Key Details: Buyers and renters on Zillow can now search for their ideal home the same way they would describe it to a friend, including features like location, layout, style, condition, lifestyle, etc. Zillow is the first real estate platform to adopt an AI natural-language search engine, which is currently available on Apple devices and coming soon to the Android app.

Design 98
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The No. 1 opportunity for listings this market expert sees in 2023

Inman

This is the market where opportunity abounds for the diligent, professional agent. Homeowners who have been unable to sell their homes need your expertise.

Marketing 156
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Most Famous Fictional Realtors: Ranked by BAM

Broke Agent Media

Real estate agents often get a bad rap, especially in pop culture (looking at you, Selling Sunset ). But we know that agents aren’t heartless monsters who eat their young, and there are a few realtors in TV and film to back that up. Here are the most famous fictional realtors, ranked by BAM. Phil Dunphy, “Modern Family” (Image: TVGag.com ) Coming in at #1 is Phil Dunphy, a professional family-oriented realtor who isn’t afraid to let his personality show.

Agents 98
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Zillow deploys AI to improve online home search experience

Inman

Powered by an advanced natural language technology, homebuyers can enter longer, detail-rich requests, as they would on Google, to unearth more accurate inventory matches.

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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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Paying Capital Gains Taxes on a 2nd Home or Investment Property

Maximum Exposure Real Estate

Everything to Know About Paying Capital Gains Tax on a Second Home Sale Do you pay capital gains tax on a second home? Are you wondering how paying capital gains on a second home sale works? When you sell a vacation home, rental unit fix-and-flip investment property, or any other second property that is not […] The post Paying Capital Gains Taxes on a 2nd Home or Investment Property appeared first on Maximum Real Estate Exposure.

Sales 98
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Douglas Elliman taps Deva Roberts to replace Haber as general counsel

Inman

Kenneth Haber, who had served as general counsel since 2004, will now shift to an advisory capacity at Douglas Elliman as a senior managing director, the brokerage told Inman on Friday.

Brokerage 148
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Tax Advantages of Owning a Home

Maximum Exposure Real Estate

Benefits of Owning a Home For Taxes Do you know the tax benefits of owning a home? Over my three decades of selling real estate, many renters have asked me this question. It has long been understood that there are considerable financial benefits to owning a home. After all, you are paying money into an […] The post Tax Advantages of Owning a Home appeared first on Maximum Real Estate Exposure.

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Inman’s Top 5 stories for the week of Jan. 20-26, 2023

Inman

Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Jan. 20-26 2023.

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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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3 ways to ramp up momentum for 2023

Real Trends

Are you experiencing the infamous highs and lows of what I call the “sales rollercoaster”? This thrill ride can bring a flurry of deals that take up almost every waking hour, followed by the sudden sound of crickets because all the deals are done and business seems dry. When I encounter real estate agents, both rookies and veterans alike, who are on a sales rollercoaster, I ask a few questions about their lead generation tactics to help them build or regain momentum in their business

Agents 93
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U.S. Pending Home Sales Rise 2.5% in December. Realtors Say the Housing Market Is in Recovery Mode.

Realtor.com

Getty Images The numbers: U.S. pending-home sales rose 2.5% in December, reversing a six-month losing streak, according to the monthly index released Friday by the National Association of Realtors (NAR). Pending home sales were down for six months in a row, as the U.S. Federal Reserve increased interest rates and mortgage rates took off. Pending-home sales beat analyst expectations.

Sales 89
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Biden’s “Renters Bill of Rights” Is Here — Is Nationwide Rent Control Coming?

Bigger Pockets

The Biden-Harris administration is responding to a rent-burdened nation with new actions designed to promote a fair rental market, alongside the release of a “Blueprint for a Renters Bill of Rights.

Design 93
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December 2022 Pending Home Sales Show First Month-to-Month Gain Since May 2022

NAR: Economic Outlook

Pending Home Sales Show Month-to-Month Gain in December December’s pending home sales pace increased 2.5% last month but fell 33.8% from a year ago.

Sales 100
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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.