Fri.May 10, 2024

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Assumable mortgage platform Roam partners with national lender on down payment assistance

Housing Wire

New York -based assumable mortgage platform Roam rolled out a new partnership with national lender Spring EQ to provide second-lien loans to Roam customers, the company announced on Thursday. The new service, Roam Boost, will cater to people with credit scores of at least 640 and down payments of at least 15%. Consider, for example, a home that costs $400,000, with an assumable mortgage amount of $280,000.

Mortgages 416
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'Unfiltered' podcast: Top economist on steering and MLS value

Real Estate News

Watch the conversation as Bright MLS chief economist Lisa Sturtevant gets into the data-driven truth behind whether agents seek homes with higher commissions.

MLS 193
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Texas-based independent brokerage joins The Real Brokerage

Housing Wire

The Real Brokerage welcomes Texas -based independent brokerage The Property Shop , led by Season Ware, the company announced on Friday. The Property Shop joined Real under its Private Label program, which allows independent brokerages to maintain their own brand while reaping the benefits associated with being a part of Real. The acquisition brings 125 additional agents to Real.

Brokerage 396
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$17.8M settlement took a bite out of Douglas Elliman profits

Real Estate News

The company said despite the hit to its bottom line in Q1, the settlement will reduce uncertainties and let it focus on cost reduction and market expansion.

Marketing 177
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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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DeSantis stamps changes to reverse mortgage tax requirements in Florida

Housing Wire

Florida Gov. Ron DeSantis (R) signed a bill into law this week that changes certain requirements for the state’s reverse mortgage borrowers, a move that the National Reverse Mortgage Lenders Association (NRMLA) says could save money on closing costs. The new law, House Bill (HB) 7073 , changes the way the state’s “documentary stamp tax” can be applied to reverse mortgages, among other provisions related to taxation.

Principal 374
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The freshest business trends agents need to recognize in 2024

Inman

The business of selling real estate is evolving at an ever-escalating pace. If you can identify some of the emerging trends and begin to act on those trends, Jimmy Burgess writes, you'll separate yourself from your competition like never before.

Agents 158

More Trending

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It’s your chance to be recognized as one of the best in luxury real estate

Inman

Celebrate excellence in luxury real estate with Inman’s highest honor. Nominations close on May 17, and winners will be celebrated at this summer's Inman Luxury Connect in Las Vegas.

Closing 152
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eXp Realty launches new coaching platform

Housing Wire

eXp Realty launched a new coaching platform, eXp Elevate Coaching, the company announced on Thursday. The platform is an extension of eXp’s University and Mentor programs and aims to help agents grow their business. eXp’s University and Mentor programs offer agents a string of educational programs, including one-on-one coaching, mastermind groups and group coaching sessions.

Agents 377
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Engel & Völkers Americas launches Real Estate Sentiment Index

Inman

The monthly index, for which the luxury firm began gathering data in March 2023, is based on roughly 250 responses collected each month from the firm's real estate professionals across the U.S., Canada, Caribbean and Mexico.

Brokerage 142
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Ahead of trial date in HMDA case, Freedom Mortgage and CFPB face hurdles

Housing Wire

The Consumer Financial Protection Bureau (CFPB) and Freedom Mortgage were handed minor setbacks by the presiding and magistrate judges, respectively, in a case that the regulator brought in widespread violations in its 2020 submission of Home Mortgage Disclosure Act (HMDA) data. The development was first reported by National Mortgage News. The original case was filed in the U.S.

Mortgages 356
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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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MoxiPresent is a flexible real estate storyteller: Tech Review

Inman

Proptech journalist Craig Rowe reviews MoxiPresent by MoxiWorks, a CMA builder and presentation marketing solution for the real estate industry.

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NAR board votes to leave dues unchanged in 2025

Housing Wire

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. During the meeting, NAR’s board approved a recommendation from its finance committee to keep annual dues at $156 per person in 2025.

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EXp launches new coaching platform, eXp Elevate Coaching

Inman

EXp Realty's new coaching platform, eXp Elevate Coaching, features live and on-demand courses from the brokerage's top agents. The first round of classes starts in June.

Brokerage 143
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Valverde appointed acting president of Ginnie Mae

Housing Wire

Sam Valverde, formerly the principal executive vice president of government-owned corporation Ginnie Mae , was named as its acting president as of May 6, according to an announcement issued by the organization this week. Sam Valverde Valverde succeeds Alanna McCargo, who began serving as Ginnie Mae president in January 2022 until announcing her resignation in April.

Principal 336
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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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Multifamily developer sentiment slips during Q1

Inman

According to NAHB, multifamily developers are feeling less confident in the market for new builds as high interest rates lead to difficult lending conditions.

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Investment property lender Kiavi closes $300M securitization 

Housing Wire

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions. This securitization marked Kiavi’s 17th such transaction and elevated the company’s total issuance to more than $4.3 billion since it launched its securitization program in 201

Closing 320
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8 ways to tackle your craziest, biggest goals

Inman

During the process of preparing for his first Ironman, ERA President Alex Vidal learned that, whether it's a personal or professional goal, aiming high and executing on a detailed plan of attack can help you achieve it.

Brokerage 133
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Better taps Chad Smith as new president and COO

Housing Wire

Holding company Better Home & Finance hired Chad Smith to be the president and chief operating officer of its mortgage business, it announced on Friday. Kevin Ryan, who previously held the position of president, will continue serving the company as chief financial officer. Before joining Better, industry veteran Smith was the CEO of Mission Loans from December 2020 to May 2024.

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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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Grant Cardone makes return to television with ‘Real Estate King’

Inman

The new series will follow Cardone as he evaluates real estate projects and decides whether or not to invest in them.

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Realtor.com CEO Damian Eales: CoStar is lying about being the No. 2 portal

Housing Wire

The so-called portal wars heated up this week, when Realtor.com CEO Damian Eales made comments about rival CoStar Group’s Homes.com during the MLS Forum at the National Association of Realtors ’ annual legislative meeting. In his remarks, Eales took issue with CoStar’s claims that Homes.com has surpassed Realtor.com as the second most-trafficked home search site, according to Inman , which first reported on Eales’ remarks.

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Assumable mortgage platform Roam expands coverage area

Inman

With $3 million in new funding, Roam wants to help buyers "wind back the clock" on mortgage rates in markets nationwide by the end of the year.

Mortgages 142
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Mortgage Mix: Rates Remain Above 7%, but Declined for the First Time in Months

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. Per Freddie Mac, the latest average mortgage rates as of May 9 are 7.09% for the 30-year fixed-rate mortgage and 6.38% for the 15-year fixed-rate mortgage. Compared to the previous week of May 3–the 30-year… The post Mortgage Mix: Rates Remain Above 7%, but Declined for the First Time in Months appeared first on RISMedia.

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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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Midyear, settlements, changes: Inman’s Top 5 stories

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 130
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Pocket Listing Lawsuit Renews Attack on ‘Clear Cooperation,’ Ineffective Agents

RIS Media

A pocket listing startup suing the National Association of REALTORS® (NAR) is seeking to push forward with its claims that the Clear Cooperation policy violates antitrust laws, asserting that its business model addresses a “superfluity of ineffective agents” in a case with potential impacts beyond the NAR settlement. In a 17-page filing in a California… The post Pocket Listing Lawsuit Renews Attack on ‘Clear Cooperation,’ Ineffective Agents appeared first on RISMedia.

Agents 119
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Keller Williams hosts its 16th annual RED Day giveback initiative

Inman

Keller Williams hosted its latest RED Day, which challenges its 176,000 agents to give back to their communities. This year's day yielded "thousands" of projects.

Agents 116
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In the Wake of Its Historic Settlement, HomeServices Issues Comprehensive Guidance to Agents on Rule Changes

RIS Media

In the wake of HomeServices of America’s $250 million historic class-action, commission-focused settlement, leadership within the national brokerage has provided affiliated operating companies and agents with an extensive breakdown of what comes next for them regarding rule changes and overall impact on transactions for sellers moving forward—something that seemingly hasn’t yet been done to this… The post In the Wake of Its Historic Settlement, HomeServices Issues Comprehensive Guidance to

Agents 115
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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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Florida Is the Perfect Rent-to-Own Market—Should You Take Advantage?

Bigger Pockets

The Sunshine State offers the exact combination of factors that make this investment option attractive. Learn if rent-to-own investing is right for you.

Marketing 115
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Multifamily Developer Confidence Declines in Q1 2024

RIS Media

Confidence in the market for new multifamily housing declined year-over-year in Q1 2024, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). NAHB stated that the MMS produces two separate indices: the Multifamily Production Index (MPI) had a reading of 47, down three points year-over-year,… The post Multifamily Developer Confidence Declines in Q1 2024 appeared first on RISMedia.

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This Simple Strategy Shows You Exactly What Content to Create

BAM Media

Want to know what sort of content your audience actually wants to see? Ask them. This week I was inspired by BAM Creators, Dan Oneil and Lindsey Jo on a tactic they both shared on recent Walk Thru episodes. They polled their audiences on Instagram and asked what they wanted to see more of. Here is a screenshot of what Lindsey Jo posted: Source: Lindsey Jo Lindsey was convinced her audience wanted to see one type of content but was surprised by the results.

Agents 105
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Buffett and Abel Address Recent Commission Settlements; Certain That Industry-Wide “Transition” Will Have Impact, but Agents Will Still Thrive

RIS Media

This past Saturday, Warren Buffett, co-founder, chairman and CEO of Berkshire Hathaway, and Greg Abel, CEO of Berkshire Hathaway Energy, gave their input on the latest commission lawsuit settlements across the industry, at Berkshire Hathaway’s annual shareholder meeting—including discussion regarding HomeServices of America’s announced $250 million settlement.

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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.