Wed.Jan 22, 2025

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Single-family rentals are more expensive than apartments — and the gap is growing

Housing Wire

Single-family rental ( SFR ) homes are now priced 20% higher than the typical apartment, according to Zillow s rental market report for December 2024. This is the largest difference ever recorded by the real estate portal as the pricing gap has grown considerably from pre-pandemic levels. Zillow analyzed the 50 largest U.S. metro areas and found that the typical asking rent for a single-family home reached $2,174 per month in December.

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Dolly Lenz tells agents to ‘stay in your clients’ pants’

Inman

Lenz's point not to be taken literally was to be in constant contact with clients and aware of what they do on a day-to-day basis and what they need, all of which impacts how they buy and sell real estate.

Agents 175
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Housing Rights Initiative files massive discrimination case in Illinois

Housing Wire

The Housing Rights Initiative (HRI) is taking aim at 165 real estate agents, brokerage firms and landlords in its latest series of lawsuits filed in Chicago. The group claims that this is the largest housing discrimination case in Illinois history. The lawsuits, filed on Monday, are the result of an undercover investigation conducted by HRI. In total, the housing watchdog group filed 176 complaints against 165 defendants with the Illinois Department of Human Rights.

Brokerage 418
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American Real Estate Association absorbs NYC trade group

Inman

The integration with the New York Residential Agent Continuum paves the way for the organization's first local chapter while turning up the heat on its rivalry with the National Association of Realtors.

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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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Appraiser at center of Rocket Mortgage lawsuit has license revoked

Housing Wire

The Colorado Board of Real Estate Appraisers executed a Stipulation and Final Agency Order for public censure, fines, and revocation of the license for Maksym Mykhailyna, according to an announcement in early January. Mykhailyna, who is based in Denver, had previously held both a Colorado certified residential appraiser license and a controlling appraiser license.

Mortgages 418
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Ditching the Dining Room: Trendy or a Total Mistake?

Lighter Side of Real Estate

When it comes to home design, trends come and go faster than you can say “shiplap.” Every year, articles flood the internet with predictions from design experts and real estate professionals about whats in and whats out. One year, its all about farmhouse chic; the next, mid-century modern reigns supreme. Lets be real, though. Most people dont pay much attention to any subtle shifts in decor.

More Trending

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Ignore the fluff when using artificial intelligence, technologists advise

Inman

Marc-Antoine Juaneda of CoreLogic and Boris Geheniauof Fundament All Media shared insights on how real estate professionals can best leverage AI during Inman Connect New York on Wednesday.

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Struggling homeowners often don’t understand escrow

Housing Wire

Mortgage escrow accounts are an important, yet widely misunderstood asset in the housing market. Although 80% of mortgage holders have escrow accounts, only 60% fully understand them, up from 52% in early 2024. And those who don’t understand are paying dearly. That finding comes from a survey released Tuesday by tax and flood services provider LERETA.

FHA loan 397
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If Your House’s Price Is Not Compelling, It’s Not Selling

Keeping Current Matters

There’s one big mistake you need to avoid when you sell your house this year: setting your price too high.

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Mark Willis steps down as Keller Williams CEO, takes CLO role

Housing Wire

Mark Willis time as the CEO and president of Keller Williams has come to an end. In an internal email obtained by HousingWire, sent by Gary Keller to all Keller Williams Realty International employees and the brands field leaders across the Keller Williams ecosystem on Wednesday, Keller wrote that Willis is transitioning from CEO and president to the new role of chief leadership officer.

Branding 397
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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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Want to add value? Go deep, tap your network, invest in real estate

Inman

An array of industry experts gathered at Inman Connect New York to discuss ways to build new paths of business and add value to the consumer experience.

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Distressed homeowners have a new path to avoid foreclosure

Housing Wire

Online real estate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property. SmartSale allows homeowners to sell their homes through direct offers from buyers or an auction process. For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity.

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KW's Mark Willis trades CEO role for new leadership position

Real Estate News

After 14 months at the helm, Willis is moving into a new C-level role focused on teaching and developing leaders within the company.

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Finding qualified contractors is the biggest obstacle to reno projects

Housing Wire

Home renovation projects could bring a variety of safety and efficiency improvements to older construction, but anxiety is a key element keeping many homeowners from exploring renovation projects. This is according to a report conducted by Renewal by Andersen , a home improvement company. The study surveyed 2,500 homeowners across four generations: Gen Z , millennials , Gen X and baby boomers , all equally represented in the results.

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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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Navigating Homebuyer Emotions and Seller Strategies in a Competitive Market

RIS Media

Buying a home in todays market can be a rollercoaster of emotions. Over the past five years, home prices in many areas have skyrocketed, leaving buyers feeling both anxious and pressured. On one hand, they worry about missing out on further appreciation, leading to a sense of urgency. On the other hand, they fear overpaying,… The post Navigating Homebuyer Emotions and Seller Strategies in a Competitive Market appeared first on RISMedia.

Marketing 111
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Rocket launches AI-powered website Rocket.com

Housing Wire

Rocket Companies today announced the launch of Rocket.com, officially putting Rocket Mortgage and Rocket Homes on the same platform. Per a release from the Detroit-based fintech, the Rocket.com website is an AI -driven, “intuitive” experience. The announcement comes shortly after Rocket unveiled the first stage of its rebrand and is a part of the company’s conscious effort to unify Rockets many companies under a single umbrella.

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Looking to Improve Home Value? Avoid These Projects With Terrible ROI

HomeLight

Celebrities who perform dramatic home makeovers on TV and the average homeowner on Main Street live in two very different worlds. One has the budget of a reality show to foot the bill for materials and labor, and the other has whatevers in their bank account and tight profit margins. To successfully improve home value, it’s essential to identify which projects are truly worth the effort and investment.

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Constellation Real Estate adds four new executives to lead product growth

Housing Wire

Real estate technology provider Constellation Real Estate Group announced on Wednesday that it is adding four new executives to its senior leadership team. Scott Petronis , Mark Mathis, Greg Beckman and Elisha Elliott will each take vice president roles at the company this year. These hires come after Constellation Real Estate Group unified all of its businesses under one brand Constellation1.

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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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Florida Housing Sets New Bar With $285M New Construction Listing

Marco Santarelli

The Florida housing market is undeniably hot right now, making headlines with a record-breaking $285 million new construction home hitting the market. But, is this ultra-luxury listing the whole story? Absolutely not! While the mega-mansions grab attention, the underlying trends and realities of the Florida real estate scene are far more complex and impact everyday buyers and sellers far more than these exceptional properties.

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Pennsylvania AG sues mortgage brokers for RESPA violations

Housing Wire

A civil complaint announced by Pennsylvania Attorney General Michelle Henry on Jan. 17 asserts that several Lehigh Valley-based mortgage brokers and their manager, Barry Newhart, took part in a kick-back scheme that violates the Real Estate Settlement Procedures Act ( RESPA ). This complaint, which was filed in the United States District Court for the Eastern District of Pennsylvania by Deputy Attorney General Pat Gavin, alleged that Newhart and the brokers offered real estate agents discounted

Mortgages 397
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Little Change in Mortgage Applications This Week

RIS Media

Mortgage applications barely increased this week amid lingering high mortgage rates, but the increase was enough to push home purchase applications up 2% over last year. Thats the latest analysis from the Mortgage Bankers Association, who reported a 0.1% increase in applications over last weeks notable 33% jump, per its latest Weekly Mortgage Applications Survey… The post Little Change in Mortgage Applications This Week appeared first on RISMedia.

Mortgages 111
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Redfin: Home prices rose 5.4% in 2024

Housing Wire

Redfin ‘s Home Price Index (HPI) for December 2024 revealed an 0.4% monthly increase in U.S. home prices , down from 0.5% in November. On a year-over-year basis, home prices were up 5.4% from 2023, and the brokerage said that similar growth is expected in 2025. The report measures the prices of homes that sold during a specific period. It also studies individual homes and compares how these prices have changed since the homes were previously sold.

Staging 396
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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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Forward-Looking Economic Index Reads Flat, but ‘Fewer Headwinds’ in 2025

RIS Media

The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where the economy is headed in the near term, posted a 0.1% decline for the month of December, reversing course from a 0.4% rise in Novembercontinuing a long-term trend of downward movement. For the second half… The post Forward-Looking Economic Index Reads Flat, but Fewer Headwinds in 2025 appeared first on RISMedia.

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Longbridge lowers minimum home value for Platinum products

Housing Wire

Reverse mortgage lender and servicer Longbridge Financial , which offers both Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage ( HECM ) loans as well as proprietary reverse mortgage products, announced that it has lowered the minimum home value for its fixed-rate proprietary products. Previously, the proprietary product line which Longbridge calls Platinum had its minimum amount aligned with FHA lending limits, but it has instead shifted to allow for properties with

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These 5 Mistakes Could Be Hurting Your Social Media Reputation

RIS Media

Social media can be your secret weapon for attracting leads and building your brandbut only if you use it correctly. Dont let common missteps tarnish your online reputation! Here are five social media mistakes every savvy real estate agent should avoid. Failing to engage with your audience Posting creative and enticing content is only part… The post These 5 Mistakes Could Be Hurting Your Social Media Reputation appeared first on RISMedia.

Agents 111
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Georgia MLS unites with 12 local boards to enhance data access

Housing Wire

Georgia MLS the Peach State’s largest real estate marketplace announced on Wednesday that it will partner with 12 local MLSs to enhance data access for all parties under one listing platform. This agreement connects more than 55,000 agents to a large inventory of properties under a single system. Georgia MLS said the move will “improve market transparency and provide real estate professionals with the listing information they need to better serve their customers.” Georgia MLS

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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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Tech Bytes: A new look (and board) for Lone Wolf; KW sues Inside RE

Real Estate News

Lone Wolf updates brand, debuts proptech advisory board; meanwhile, KW calls foul on Inside RE's BoldTrail brand, plus news from RealReports, Block Renovation.

Branding 223
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Mortgage applications mostly flat from last week

Housing Wire

Data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending Jan. 17 show mortgage applications increased 0.1% from a week earlier on a seasonally adjusted basis. On an unadjusted basis, applications increased by 3% compared with the previous week. The refinance index decreased 3% from the previous week and was 42% higher year-over-year.

Mortgages 389
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Roomy Flatbush Prewar With Built-in Bookshelves, Two Baths Asks $1.195 Million

Brownstoner

A short stroll from Prospect Park, this three-bedroom unit has generous closet space, two full baths, and a renovated interior that includes a wall of built-in bookshelves. There are a few arched doorways perhaps left from the 1920s original interior, but there is new wide-plank oak flooring, and the floor… Read More > The post Roomy Flatbush Prewar With Built-in Bookshelves, Two Baths Asks $1.195 Million appeared first on Brownstoner.

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Art Carter, CRMLS ‘stand firmly’ in support of Clear Cooperation

Housing Wire

As the debate surrounding the National Association of Realtors (NAR) Clear Cooperation Policy (CCP) rages on, California Regional MLS (CRMLS) CEO Art Carter chose to voice his stance on the issue in a nine-page op-ed posted on LinkedIn this week. In the op-ed, Carter said that CRMLS is rejecting demands to change its stance on CCP. The MLS is standing firmly behind the intent of the policy, he wrote.

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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.