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.

Mortgages 458
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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 176
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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 450
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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 181
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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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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 450

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With homegenius Real Estate’s solutions, lenders can help homeowners explore their home equity options

Housing Wire

Borrowers everywhere are seeking new ways to tap into their home equity. But with rising mortgage costs and high interest rates , refinancing doesn’t always make the most sense. That’s where HELOCs come in for many homeowners. HELOCs allow homeowners to borrow smaller amounts when they need it, helping to keep monthly payments lower and helping avoid unnecessary debt.

Equity 427
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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 172
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Lamacchia Realty acquires New England-based brokerage Keystone Property Group

Housing Wire

Lamacchia Realty , a full-service real estate brokerage firm licensed in six states, acquired the Seekonk, Massachusetts-based brokerage, Keystone Property Group , the company announced on Monday. Licensed in Massachusetts and Rhode Island, the Keystone Property Group, which counts 52 real estate agents , recorded over $100 million for the past several years, the report said.

Brokerage 410
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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 171
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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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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 408
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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 171
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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 407
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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 168
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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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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 405
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New Western trends report has all the answers for savvy investors

Inman

New Western’s latest Flip-Side report has good news for the single-family investor. Real estate expert and trainer Bernice Ross interviews Kurt Carlton, the president and co-founder of New Western, to get all of the valuable insights the report has to offer.

Investor 168
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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 403
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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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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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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 124
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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 160
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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.

Mortgages 120
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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 157
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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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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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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 165
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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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As RE/MAX settles, it’s time to re-think buyer-side chats

Inman

This week on The Download: How are you adding value to your buyer-side UVP now that RE/MAX has folded on its part of the bombshell commission lawsuits?

Agents 136
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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.