Mon.Nov 13, 2023

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Life-Changing Events That Move the Housing Market

Keeping Current Matters

Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of an empty nest.

Marketing 249
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Mr. Cooper hit with consumer class-action lawsuits over cyberattack 

Housing Wire

Mr. Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. On Oct. 31, the Dallas-based servicer and lender said it had experienced a cybersecurity incident with an unauthorized third party accessing certain portions of its technology systems and customer data.

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First-time homebuyers ‘tiptoe back’ as median income tops $100k

Real Estate News

NAR’s annual Profile of Home Buyers and Sellers report revealed higher down payments, as more people reported living with friends or family before purchasing.

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7 best real estate schools in Florida (FL) for 2024

Housing Wire

Ready to begin a flexible, fulfilling career in real estate in the Sunshine state? We’ll help you find the best real estate schools in Florida to complete the required 63 hours of study. In Florida, getting licensed as a real estate agent begins with the completion of an approved 63-hour Sales Associate prelicensing course. There are so many Florida real estate schools to choose from, offering everything from self-paced online courses to in-person classes to fulfill your education requirements.

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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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Tech Bytes: News from Collabra, CoreLogic, BoxBrownie

Real Estate News

Collabra adds MLS visionary to its board, CoreLogic launches AR-powered tool for appraisers, LeadingRE adds BoxBrownie.

MLS 242
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Old Republic exits mortgage insurance space

Housing Wire

Big Four title firm Old Republic is selling its mortgage insurance business to Arch Capital Group Ltd., according to an announcement on Monday. As part of the $140 million transaction, Arch will acquire all of the capital stock of Old Republic’s wholly owned subsidiary RMIC Companies Inc., and its wholly-owned subsidiaries that together comprise Old Republic’s run-off mortgage insurance business.

Mortgages 422

More Trending

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Title industry prepares for possible changes in a post-commission lawsuit world

Housing Wire

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If the costs associated with homeownership and buying a home at a macro level is coming into question, it is hard to imagine that, that doesn’t bleed into settlement services,” Frasier said. “The same dynamics that are questioning the value [and costs] of a Realtor, regardless of which side of the transaction they are on, are going to lead to questions for all othe

Title 416
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The role of the buyer’s agent isn’t ending. It’s evolving

Inman

Former arbitrage trader, current team leader and new Inman contributor Jen Berbas speaks to the vital due diligence role real estate professionals play for consumers, even after Sitzer et al.

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Mortgage rate lock volume remained flat in October amid headwinds

Housing Wire

Affordability headwinds continued in the mortgage industry with mortgage rate lock volume remaining virtually flat in October. Both purchase and refinance volumes continued to wane in the face of the highest mortgage rates in over two decades, according to Optimal Blue’ s originations market monitor report. Rate-lock-dollar volume was also flat in October, ticking up 0.5% month over month.

Mortgages 406
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Mortgage rates inch back up after Powell warns Fed could hike again

Inman

Speaking at an IMF research conference, Powell said the Fed is committed to raising rates as high as needed to bring inflation down, and "we are not confident that we have achieved such a stance.

Mortgages 182
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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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RE/MAX Holdings appoints Erik Carlson as new CEO

Housing Wire

After a nearly two-year search, RE/MAX Holdings , the parent company of brokerage firm RE/MAX , has found its new CEO. The board of directors has appointed Erik Carlson to CEO, effectively immediately, according to an announcement on Monday. Carlson has most recently served as president and CEO of DISH Network Corporation , where he has worked since 1995. “Erik is the ideal executive to take over as the new RE/MAX Holdings CEO, having excelled in various operational, customer-centric and s

Brokerage 405
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NAR NXT: Everything to know as the annual conference begins

Inman

The National Association of Realtors' NAR NXT Conference is gearing up for a week in Anaheim, California. Here's a rundown of the schedule plus the sessions and events you can't afford to miss.

MLS 180
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Why your LOS isn’t delivering a bespoke borrower experience (and what to do about it)

Housing Wire

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” Regardless of the specific LOS in use, this feeling seems pervasive among lenders, and the dissatisfaction stems from lenders’ desire to deliver more digitally driven, bespoke borrower experiences. In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do.

Lending 401
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18 ways to show buyers you’re worth every commission dollar

Inman

Broker Cara Ameer writes that, from a leaky icemaker to a stellar professional reputation, the work of a buyer agent can make or break a home purchase.

Agents 187
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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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Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey

Housing Wire

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

Agents 397
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Red flag: The average brokerage is using 20+ technology tools

Inman

It’s the myriad of tech solutions and their overlap that causes time-sucks and frustration, and you pay for it (on auto-renew). This kind of tech stack stifles productivity, creates data silos, puts out a bad experience for your clients and consumers, and mercilessly beats down your bottom line.

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Mr. Cooper’s automated phone systems, website are back up following cyberattack

Housing Wire

The automated phone systems and website of lender and servicer Mr. Cooper are running again following a cybersecurity incident that forced the company to lock down certain technology systems. On Oct. 31, the company suffered a cyberattack that disrupted loan payments. Mr. Cooper restarted servicing operations on Nov. 4 by taking customer calls and payments, remitting to investors and onboarding new loans.

Loans 393
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WATCH: Strategies for success in leveraging cash offers

Inman

Navigating the current housing market requires a unique set of skills, strategies and resources to set your clients up for success. Watch as Offerpad dives into the power of cash offers and how real estate professionals can use them to provide a competitive advantage.

Marketing 164
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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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Marco Fregenal to take the helm at Fathom as Josh Harley steps down

Housing Wire

Fathom Holdings is the latest brokerage to make a significant C-Suite change. The firm announced Monday that it has appointed its current president and chief financial officer Marco Fregenal as CEO. Fathom confirmed that current CEO and company founder Joshua Harley , who is stepping down from the role and giving up his seat on the board of directors for “family reasons,” endorsed the succession plan. “It is my honor to announce that Marco Fregenal will be stepping into the role of CEO to

Brokerage 382
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RE/MAX parent appoints former DISH Network exec as CEO

Inman

Erik Carlson comes to RE/MAX Holdings in the wake of Adam Contos' departure. He also joins the company at a tumultuous time for the real estate industry.

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Opinion: Here’s what people are getting wrong about real estate commissions

Housing Wire

I recently read editorials and articles by such esteemed publications as The Economist , Entrepreneur Magazine , and The Wall Street Journal concerning the antitrust real estate commission lawsuits. Here are some of the highlights: In Entrepreneur, the writer states, “…the court ruling (Sitzer) could lead to a decrease in the average home price in the U.S. by 1% to 2% just by cutting the commission paid to buyer’s agents.

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Fathom Realty founder Josh Harley steps down as chairman and CEO

Inman

"Door open" to Harley's return after he relinquishes leadership roles, citing family reasons. Longtime CFO Marco Fregenal takes over as CEO and independent director Scott Flanders as board chair.

Brokerage 157
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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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People on the Move: RE/MAX Holdings names new CEO

Real Estate News

Erik Carlson replaces interim CEO Steve Joyce as the leader of the company's real estate brokerage and mortgage divisions.

Brokerage 147
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It’s that time again: Get tax savvy for 2023 and 2024

Inman

Sisters Amy Chorew and Maeda Palius offer tips and the latest insights so you can find out what you need to know to optimize the deductions on your 2023 taxes and plan ahead for next year's return.

Agents 153
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Why Having a Moving Checklist Is Crucial When You’re Relocating

RIS Media

Moving is an exciting yet overwhelming experience. Whether relocating to new cities or just across town, it’s essential to be well-prepared to ensure smooth transitions. There are several crucial things to know before moving to make your process as stress-free as possible. We will cover basic guidelines, key considerations, and preparations to help you make… The post Why Having a Moving Checklist Is Crucial When You’re Relocating appeared first on RISMedia.

As-is 135
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Collabra appoints former Bright MLS exec to board of directors

Inman

David Charron joins Collabra's board as the real estate technology and analytics company makes a bid to partner with more multiple listing services.

MLS 164
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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.

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Bon Appétit! 4 Homes with Fantastique French Ranges

Sotheby's International Real Estate

With designs reminiscent of stoves in vintage European homes, eye-catching French ranges add a dose of Old World charm to any kitchen. Parisian-Inspired Pacific Heights Manor John Kirtland | Sotheby’s International Realty – San Francisco Brokerage This stately San Francisco hôtel particulier combines Old World inspiration with contemporary comforts and conveniences.

Brokerage 122
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Vacation home solution Summer weathers autumn with $18M

Inman

Vacation home investment and management company Summer is marching through autumn a bit more secure about how they’ll handle winter. The company closed a fundraising round of $18 million.

Closing 149
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Builders and Lenders Agree: Credit is Tightening

Eye on Housing

During the third quarter of 2023, availability of loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers. Each of the surveys produces a net easing index that is positive when credit is easing and negative when credit is tightening.

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EXp Realty CFO Jeff Whiteside announces departure

Inman

Whiteside, who has been with the company for five years, will stay with eXp until Dec. 1 to aid in the transition.

Brokerage 167
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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.