Fri.Sep 22, 2023

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Pending-home sales drop 13% from a year ago as rates stay high: Redfin

Housing Wire

Soaring mortgage rates and home prices are continuing to dampen affordability for homebuyers. Pending-home sales fell 13% from a year ago for the four weeks ending Sept. 17, according to a new report from Redfin. Combined with elevated mortgage rates, monthly housing payments are at an all-time high. This is pushing many prospective homebuyers to the sidelines until the market becomes healthier.

Sales 429
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MV Realty files for bankruptcy amid legal turmoil

Real Estate News

The brokerage, which offered homeowners cash in exchange for a 40-year right-to-list agreement, has been bogged down by lawsuits and investigations.

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Fannie Mae’s chief economist on housing market outlook

Housing Wire

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts.

FHA loan 426
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Industry Decoded: It's a buy-low market

Real Estate News

Companies are built in down markets, and savvy business leaders should take advantage of deals on tech, services and more — right now.

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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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CFPB aims to remove medical bills from credit reports

Housing Wire

The Consumer Financial Protection Bureau (CFPB) this week announced that it intends to remove medical bills from the credit reports of U.S. consumers. The policy, announced simultaneously by the Bureau online as well as during a press call with reporters led by Vice President Kamala Harris, is designed to “help families financially recover from medical crises, stop debt collectors from coercing people into paying bills they may not even owe and ensure that creditors are not relying on data that

Loans 422
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NAR’s 'concrete actions' include outside counsel, task force

Real Estate News

An email sent by CEO Bob Goldberg to staff on Thursday promises an independent assessment of company policies and practices.

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How Remote Work Helps with Your House Hunt [INFOGRAPHIC]

Keeping Current Matters

While remote work peaked during the pandemic, many people still work from home today.

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Opinion: If change was easy, everyone would do it

Housing Wire

I don’t think many people would disagree that 2023 has been a year full of challenging landscapes and uneasy terrain for many real estate brokerages. Many brokers and agents expected the summer housing market to help save the year. But for a lot of local markets, that summer sun didn’t shine so brightly. As we approach fall and winter, some companies are having to make some hard choices and painful changes – that is, of course, the companies that are still in business.

Brokerage 366
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Local broker marketplaces: Insights from a Romanian Realtor

Inman

U.S. local broker marketplaces are the gold standard and will continue to push Romania in the right direction so we can create an equitable real estate market that protects consumers and small businesses across the country, writes Romanian Realtor Dan Negulescu.

Marketing 173
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Bringing the real estate transaction to the end zone

Housing Wire

Terrence Murphy From the end zone to luxury open houses, Terrence Murphy is proof that an entrepreneurial spirit is the key to success in nearly everything. Murphy is not only a legendary football player, he is also a top-producing real estate agent, investor and broker-owner. He leads TM5 Properties , powered by eXp Realty, which has won the Inc. 5000 several times.

Brokerage 362
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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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9 fall-friendly social media ideas to spice up your marketing

Inman

Coach and author Darryl Davis shows you how to get more engagement and create conversations with this autumnal social media marketing plan that's ideal for the season.

Marketing 177
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NAR staffers demand resignation of Bob Goldberg, other leaders

Housing Wire

The National Association of Realtors continues to face demands for change from staffers and members in the wake of the sexual harassment allegations brought forth in the New York Times exposé. On Thursday, the trade group informed members that it was bringing in a third-party human resources reporting system and a third-party independent law firm to conduct a review of the organization.

HR 353
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Age of Aquarius is here as astrology boom hits the real estate industry

Inman

As younger homebuyers revive an age-old fascination with astrology in the aftermath of the pandemic, agents, designers and astrologers told Inman the stars are aligned for a resurgence.

As-is 172
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Christie’s will launch a new luxury Austin brokerage this Fall

Housing Wire

Christie’s International Real Estate is poised to enter the Austin market this fall as it launches a new affiliate. The brokerage firm will be owned and operated by Jerry Mooty Jr., with backing from the Jerry Jones family, owners of the Dallas Cowboys Football Club. Mooty, who owns @properties Christie’s International Real Estate offices in Dallas and Frisco, is also Jones’ nephew.

Brokerage 344
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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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How this social media innovator leads with authenticity

Inman

Chastin Miles is a Dallas real estate mogul and social media force to be reckoned with. In his latest Snapshot profile, Brandon Doyle learns Miles' best tips for putting yourself out there online.

Agents 168
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As Gen Z Enters Home-Buying Years, Shifts in the Market Will Follow

RIS Media

Five days after his 19th birthday, and just a few months after receiving his high school diploma, Nelson Jett graduated into the family business. Jett and his grandmother, a REALTOR® for two and a half decades, have been their own real estate team in western Nebraska since that day in 2017, when Jett officially earned… The post As Gen Z Enters Home-Buying Years, Shifts in the Market Will Follow appeared first on RISMedia.

Marketing 128
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CoreLogic mobile MLS-Touch app available to 1M real estate agents

Inman

MLS-Touch provides connections to four home showing solutions driven by the data of each MLS in which it's active. It can be deployed by MLSs that don't use Matrix, CoreLogic’s listing solution.

MLS 166
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Mortgage Mix: Rates Stay Above 7%; Applications Shoot Up

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. According to the latest Primary Mortgage Market Survey® from Freddie Mac, released Sept. 21, 2023, the 30-year fixed-rate mortgage sits at 7.19%—a slight rise from the previous week’s 7.18%—while the 15-year fixed-rate mortgage currently stands… The post Mortgage Mix: Rates Stay Above 7%; Applications Shoot Up appeared first on RISMedia.

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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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Stop the bombshell lawsuit panic. Ask your broker about commission

Inman

You don't have to figure out everything on your own when it comes to buyer commissions and the bombshell lawsuits, writes broker Teresa Boardman. It's the job of the broker to help individual agents understand and negotiate the terms of their compensation.

Agents 164
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Century 21 Adds Bilingual Chicago Firm to Network

RIS Media

Century 21 Real Estate LLC. has added a key bilingual Chicagoland firm to its network in order to enhance service to the local Latino community, the company has announced. The newly added firm, CENTURY 21 New Beginnings, based in Hickory Hills, is owned and operated by Pablo Galarza, part of the real estate industry since… The post Century 21 Adds Bilingual Chicago Firm to Network appeared first on RISMedia.

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CrossCountry Mortgage CEO nails profit on $30M Fort Lauderdale pad

Inman

Ronald Leonhardt Jr. purchased the Harbor Beach home for $23 million in 2021. It includes 120 feet of water frontage, a lap pool, a full summer kitchen and docking capabilities for a megayacht.

Mortgages 163
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Luxury Real Estate Headlines: Fourth Week in September, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, and home. Atlanta, Georgia | Atlanta Fine Homes Sotheby’s International Realty Now that his farewell tour is wrapped, the ‘Rocket Man’ singer is saying goodbye to the roughly 13,500-square-foot apartment. Inside Elton John’s Atlanta Condo for $4.995M – The Wall Street Journal With A $35M Price, L.A.

Design 121
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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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Josh Flagg and partners form media company Estate Media

Inman

The real estate media company will aim for coverage that bridges the gap between hard industry-focused outlets and the swath of popular reality TV programs that have hit the industry in recent years.

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Employment Situation in August: State-Level Analysis

Eye on Housing

Nonfarm payroll employment increased in 33 states and the District of Columbia in August compared to the previous month, while 17 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 187,000 in August, following a gain of 157,000 jobs in July. On a month-over-month basis, employment data was strong in California, which.

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Learn why this interior designer’s inspiration is written in the stars

Inman

What if you could fast-forward to an overall sense of your client's priorities and preferences? According to Brooklyn-based interior designer Kerry Barile, astrology allows you to do just that.

Design 151
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8 of the Best Home Staging Ideas We Could Find on the Internet

HomeLight

Presenting your home in its best light can make all the difference when it comes time to sell. According to the National Association of Realtors , 81% of buyer’s agents report that home staging makes buyers more likely to picture themselves moving in. Effective staging not only captures the attention of prospective buyers but allows them to visualize themselves living in the space — evoking emotions that make your property unforgettable.

Staging 117
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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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Corva does a lot of what you already do — but the bones are good: Tech Review

Inman

Corva offers quite a bit for the agent who has had early success and wants to more fully streamline how they operate. It’s a good system for knowing what’s happening when and what should happen next.

Agents 145
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The States Where Residents Feel the Most, and Least, Pressure to Move

RIS Media

With many economic headwinds shaking up many people’s financial and housing situations, there are many in the housing market who feel a pressure to move from their state to find a better situation. Which states exactly are people feeling the most pressure to leave, and the least? LendingTree’s latest report looked at data from the… The post The States Where Residents Feel the Most, and Least, Pressure to Move appeared first on RISMedia.

Marketing 113
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Bombshell, mutiny, mild recession: Catch up with Inman’s Top 5

Inman

With Inman Top 5, you'll find the most essential stories, chosen by our readers. Here are the most-read stores of Sept. 15-21, 2023.

Agents 159
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What Is a Jumbo Loan: Everything Investors Need To Know

Bigger Pockets

Is a jumbo loan a good option for real estate investors? We'll explain what is a jumbo loan and provide some pros and cons for this financing option.

Investor 118
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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.