Fri.Jun 14, 2024

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US home sales fall to historically low level: Redfin

Housing Wire

Elevated mortgage rates, high home prices and a lack of for-sale listings continue to hamper U.S. home sales, with Redfin reporting Friday that sales in May 2024 dropped to one one of the lowest levels of the past decade. The annualized rate of home sales, adjusted for seasonality, fell below 408,000 last month. That was down 1.7% from the prior month and 2.9% below year-ago levels.

Sales 471
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Agents, consumers split on NAR settlement outcomes

Real Estate News

A recent survey from Clever found that 70% of agents are unhappy with the deal, but two-thirds of consumers think commissions practices should change.

Agents 286
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HUD expands housing counseling support for Native American tribes

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) on Friday announced a final rule designed to expand support for housing counseling services within Native American tribal communities. In a new final rule published in the Federal Register, HUD outlined requirements for housing counselor certification for sessions that are conducted in connection with the Indian Housing Block Grant (IHBG) and Indian Community Development Block Grant (ICDBG) programs.

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Zillow, MLSs reach settlement in ShowingTime lawsuit

Real Estate News

The home search giant filed a lawsuit last December over the removal of its showing platform in the ARMLS and Metro MLS regions.

MLS 269
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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.

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White House nominates new FDIC chair to replace embattled Gruenberg

Housing Wire

The White House on Thursday nominated Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corp. (FDIC), putting her on track to head the U.S. bank regulator following the scandal-induced resignation of Martin Gruenberg. Goldsmith Romero, who must still be confirmed by members of the U.S. Senate , has been a commissioner at the Commodity Futures Trading Commission (CFTC) since March 2022.

Banks 436
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4 fair housing essentials any real estate professional can champion

Inman

Fair housing goes beyond knowing the protected classes. Dr. Lee Davenport offers a primer on 4 levels of fairness involved in fair housing and how to communicate the facts to buyers and sellers.

Brokerage 194

More Trending

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NAR ‘stands by’ Pride post as it cuts all comments

Real Estate News

“This was more than simply a social media post,” said the LGBTQ+ Real Estate Alliance president, calling for “proactive actions” and ethics code enforcement.

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Consumer, industry groups sound alarm over elder financial abuse

Housing Wire

Consumer and industry advocacy organizations — including the American Land Title Association (ALTA), National Consumer Law Center (NCLC), National Association of Realtors (NAR) and AARP — are sounding the alarm over a rising trend of elder real estate fraud and financial exploitation in a new jointly created issue brief released on Friday. The brief includes an overview of key actions that could be considered elder financial abuse, including but not limited to signature forging on legal or finan

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Hamptons home once owned by Jackie O’s sister asks $120M

Inman

The seller of the home once owned by Lee Radziwill is Ann Tenenbaum, venture capital-investor and widow of late private-equity pioneer Thomas H. Lee. The couple rebuilt the property twice.

Equity 176
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New records from Ginnie Mae, HUD filed in TCB case

Housing Wire

Attorneys for the federal government have issued an extensive new filing in the ongoing litigation between Texas Capital Bank (TCB) and Ginnie Mae , including a raft of correspondence that took place immediately prior to the seizure of the Reverse Mortgage Funding servicing portfolio by Ginnie Mae. Separately, a magistrate judge has approved the government’s request to extend the timeline for discovery into July.

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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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OpenAI taps former Nextdoor CEO Sarah Friar as chief financial officer

Inman

Friar served as CFO at Square, sits on the board of Walmart and worked at McKinsey, Salesforce and Goldman Sachs. She was tapped alongside Kevin Weil, who will serve as chief product officer.

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Originators cannot afford to play the interest rate waiting game

Housing Wire

Record-high home prices and elevated interest rates have weighed down mortgage markets. The Federal Reserve signaled its intention to maintain higher-for-longer rates, confirming that a reprieve is not on the horizon for borrowers and originators alike. Recent stagnation in refinancing loans, coupled with supply and demand discrepancies in housing, means originators still find themselves in an increasingly competitive landscape despite having expectations of the worst being over.

Loans 425
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Zillow reaches preliminary settlement in MLS antitrust lawsuit

Inman

Zillow, Arizona Regional Multiple Listing Service, Metro MLS and MLS Aligned have reached a preliminary settlement in their antitrust case. Zillow claimed ARMLS and Metro MLS conspired to create a "monopoly" when they removed their deep integration with ShowingTime in favor of MLS Aligned's listing platform.

MLS 159
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Master the art of continuous learning in real estate in 5 steps

Housing Wire

In order to successfully navigate the real estate landscape, adaptability and education are paramount for long term success. Dan Harris, President of The CE Shop, states, “Real Estate professionals will have to make continual learning part of their skill set.” To thrive amid rapid technological advancements and market changes, real estate professionals must prioritize ongoing education and effective time management.

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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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Find your space and plant a flag in the market you serve

Inman

Why make your brokerage decision based on their office location? Create your own office and establish yourself as a mainstay of the community.

Brokerage 176
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Incenter Lender Services promotes Duffy to EVP of national sales

Housing Wire

Incenter Lender Services, a Philadelphia -based family of companies that works with nonbank and depository lenders across the country, announced this week that it has promoted Shelley Duffy to the role of executive vice president of national sales. Duffy first joined Incenter in February 2022 as its senior vice president of national sales. She will now oversee all aspects of the company’s enterprise development team, which is expanding as Incenter seeks to create new solutions and bolster compet

Sales 424
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Commission questions still swirling: It’s Inman’s Top 5

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 172
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Turning Renters into Homeowners

RIS Media

In today’s evolving housing market, the dream of homeownership may seem distant for many first-time homebuyers or renters. Rising interest rates, high home prices and committing to purchasing a home can be daunting. However, as a mortgage professional, I’ve guided numerous clients through the process, helping them realize that homeownership is not only attainable but… The post Turning Renters into Homeowners appeared first on RISMedia.

Mortgages 122
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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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All eyes on the DOJ as commission calendar rolls on: The Download

Inman

As key milestones approach, the DOJ's upcoming opinion on the commission lawsuit settlement is already drawing both attention and criticism.

As-is 168
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Ask the Newsmakers: Essential Technology Beyond AI

RIS Media

Above, Darryl Davis, Andrew Flachner and Liz Hogan Keeping pace with technology can give any professional an edge, real estate agents included. Right now, the new shiny tech on everyone’s mind is machine learning/generative text—colloquially, artificial intelligence (AI). But with all the focus on AI, are other essential tools for real estate professionals falling through… The post Ask the Newsmakers: Essential Technology Beyond AI appeared first on RISMedia.

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New Jersey’s priciest waterfront condo hits the market at $6.995M

Inman

The penthouse is situated at the top of the 48-floor 77 Hudson in Jersey City and spans more than 3,800 square feet with 180-degree views.

Marketing 168
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Airbnb Is Pairing Up With Mom-and-Pop Investors to Win Its War—but Is It Too Late?

Bigger Pockets

When New York City banned short-term rentals (under 30 days) under Local Law 18 in September 2023, 15,000 landlords suddenly found themselves without income, many struggling to pay their mortgages.

Investor 120
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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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Opendoor announces partnership with My State MLS

Inman

Agents with My State MLS membership will be able to receive cash offer estimates on properties that qualify within minutes.

MLS 172
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How to Show a Rental Property (6 Simple Steps)

Bigger Pockets

When you know how to show a rental property, you'd better position yourself to find a tenant in short order. Here are the six steps you must take to show a rental property to prospective tenants.

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Northeast Cities See Downtown Prices Hold Higher Than Other Regions

RIS Media

Downtowns from coast to coast are still recovering from unprecedented change as a result of the COVID pandemic, and home prices have varied since then as a result. Now, data provided by PropertyShark indicates that the downtowns of the Northeast’s most populous cities remain notably more expensive than areas outside the center, compared to other… The post Northeast Cities See Downtown Prices Hold Higher Than Other Regions appeared first on RISMedia.

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How to Market Your Rental Property (8 Tips for Landlords)

Bigger Pockets

There’s no right or wrong way to market your rental property, but there are some tips you can follow to increase the likelihood of quickly finding a quality tenant.

Marketing 114
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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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REALTORS® and the Public Are Split Over the NAR Settlement

RIS Media

This summer, the real estate industry is set to experience a great shift when it comes to commissions and the job of a buyer’s agent, thanks to the National Association of REALTORS®’ (NAR) settlement and others in the commission lawsuits across the industry. These changes have been the subject of conversation not just in the… The post REALTORS® and the Public Are Split Over the NAR Settlement appeared first on RISMedia.

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How to Find Cash Home Buyers in Pueblo for a Hassle-Free Home Sale

HomeLight

Pueblo, Colorado homeowners who need to sell their property quickly may struggle with doing so on the open real estate market. In that case, finding a cash buyer could be the answer. The Steel City has seen growing interest from local and out-of-state investors, drawn by its affordable property prices and promising return on investment. Pueblo’s real estate market has been sluggish recently, primarily due to high interest rates.

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Weichert’s New Jersey Charity Outing to Tee Off in August

RIS Media

Weichert, REALTORS® will host its 24th Annual Charity Outing on Thursday, Aug. 15, at Fiddler’s Elbow Country Club in Bedminster, NJ to raise funds for the American Cancer Society (ACS) and breast cancer research. The event will be coordinated by Chairperson Joe McDonald, president of Residential Sales and Real Estate Services for Weichert. Weichert stated… The post Weichert’s New Jersey Charity Outing to Tee Off in August appeared first on RISMedia.

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Daily Links: Brooklyn Bridge Parking Lots to Be Transformed for Dogs, Pickleball

Brownstoner

In the News For Rogue Smoke Shops in New York, the ‘Party’s Over’ [NYT] Details on NY’s New Social Media Protections for Children [NYT] They Wanted a Small House on a Quiet Brooklyn Street [NYT] Jeremy Strong Sells ‘Burg Pad for $2 Million [NYP] Police Release Surveillance Video of Brooklyn Heights Hate Crime [Eagle] Photos: Greenpoint… Read More > The post Daily Links: Brooklyn Bridge Parking Lots to Be Transformed for Dogs, Pickleball appeared first on Brownstoner.

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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.