Fri.Jul 14, 2023

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Seattle-area residents lost tens of billions in wealth due to racist housing policies: report

Housing Wire

Households led by people of color residing in King County, Washington — the area that Seattle sits in — lost an estimated $12 billion to $34 billion in wealth since 1950 due to racist housing policies. This is according to a report commissioned by King County , which was first reported on this week in the Seattle Times. The report, conducted by consulting firm ECONorthwest , found that the sizable totals of lost wealth were not only attributable to racially discriminatory policies and practices

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Low Housing Inventory Is a Sweet Spot for Sellers [INFOGRAPHIC]

Keeping Current Matters

Today’s housing inventory is still well below more normal years.

Marketing 246
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Manufactured housing lender Zippy secures additional funding

Housing Wire

Zippy, a “community-focused” chattel lender, just raised additional investment from Brand Foundry and repeat investors, addressing growing demand for manufactured home loans. Since its foundation, the company has been on a steady path to becoming one of the largest lenders in the manufactured housing industry , which has struggled to take off in part because Fannie Mae and Freddie Mac haven’t provided liquidity for loans on manufactured homes titled as personal property, and p

Loans 369
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People On the Move at Offerpad and Windermere

Real Estate News

A new CFO joins Offerpad as the company looks to “accelerate its near-term growth,” and Windermere appoints a longtime leader as chief development officer.

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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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loanDepot names Darren Graeler as top accounting officer

Housing Wire

loanDepot has named Darren Graeler as executive vice president and chief accounting officer. He will succeed current CFO David Hayes as the publicly traded lender’s chief accounting officer. The company will pay Graeler a base salary of $335,000 with an annual target bonus of 100% of base salary, according to a filing registered with the Securities and Exchange Commission (SEC) on Thursday.

Equity 363
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How agents fared in 2022, and the top barriers to deals

Real Estate News

NAR's annual member profile found that Realtors earned more and upped their sales volume despite the market slowdown, but inventory was a major problem.

Agents 220

More Trending

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Back At You’s Design Studio aims to become ‘Canva of real estate’

Inman

Marketing software company Back At You is getting into the DIY content production game, releasing a new browser application to help the industry promote its brands, agents and properties, according to a company announcement.

Design 148
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CFPB files amicus brief in support of Maine mortgage borrowers in TILA lawsuit

Housing Wire

The Consumer Financial Protection Bureau (CFPB) this week filed an amicus brief in a Maine Supreme Judicial Court in a case involving a married couple’s loan, joining with state officials including the attorney general, its Bureau of Financial Institutions and Bureau of Consumer Credit Protection. The Maine state agencies filed the lawsuit, Franklin Savings Bank v.

Mortgages 358
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‘TenDashFive’ Instagram account declares war on agent hate speech

Inman

The real estate broker behind the provocative new account spoke to Inman on the condition of anonymity about his campaign to pressure NAR to enforce its own anti-hate speech policies.

Agents 148
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Mortgage is getting better for both Wells Fargo and JPMorgan

Housing Wire

Wells Fargo and JPMorgan Chase, two top-five depository lenders that struggled more than the overall mortgage market in the final three months of 2022 , have started to show real signs of improvement. Due to surging mortgage rates and stubbornly high house prices, their home loan businesses are much smaller than they were a year or two ago, of course.

Mortgages 345
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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AI mortgage chatbot launches as ChatGPT comes under scrutiny

Inman

Beeline CEO Nick Liuzza is unfazed after the lender launched what it claims is the world's first AI mortgage chatbot during the same week that the FTC hit ChatGPT creator OpenAI with an investigative demand.

Mortgages 148
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Florida’s Levin Rinke Realty Names New President

RIS Media

Levin Rinke Realty, the leading luxury real estate firm in the greater Pensacola and lower Baldwin County areas of Florida, has announced it has named Gordon Miles as its new executive president. “Levin Rinke Realty is setting the bar high as the leading independent luxury real estate company in the greater Pensacola region. It’s a… The post Florida’s Levin Rinke Realty Names New President appeared first on RISMedia.

As-is 98
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Bored with your feed? Try these 4 fresh ideas

Inman

Social media is a busy space. Maris Callahan Messervey explains that you need more than a pretty feed full of graphic designs and property listings to stand out from the crowd. Here’s her advice on how to refresh your social media feed next time you feel stuck.

Design 148
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The Pros and Cons of Buying a Fixer-Upper

RIS Media

Buying a fixer-upper is a great way to save money if you like DIY. You can buy a home for under-market value and turn your hard work into equity. But buying a home that has problems can be a considerable risk. We look at the pros and cons of choosing a fixer-upper. What is a… The post The Pros and Cons of Buying a Fixer-Upper appeared first on RISMedia.

Equity 98
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Engel & Völkers expands into new Pennsylvania markets

Inman

The luxury brokerage has entered Pittsburgh and Sewickley, marking its third new location in the Great Lakes Region so far this year. License Partner Elias Pappan is leading the new shops.

Brokerage 148
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Surprising Migration Trends Show That Movers are Going to These Markets

Bigger Pockets

In a shocking twist, these states are now the place to be, apparently. Check out what movers are doing in this article.

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Associations can be managed better, and AgentBook can help them do it: Tech Review

Inman

AgentBook is software that can help real estate associations modernize agent and broker member information, conduct board elections, promote events and handle finances.

Finance 148
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The Real Value of MLS: Fair and Equitable Access to Housing for All

RIS Media

Home. Family. Safety. Happiness. Community and a sense of belonging. Home is a word that holds deep meaning for every single one of us; in fact, the idea of “home” is something that is foundational to us as a species. For the real estate industry, the open marketplace provided by the MLS helps make home… The post The Real Value of MLS: Fair and Equitable Access to Housing for All appeared first on RISMedia.

MLS 98
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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KW, eXp and NAR: It’s Inman’s Top 5 stories of the week

Inman

Wondering what you missed this week? Catch up with Inman's Top 5 stories for the week of Jul. 7 through the 13th.

Agents 148
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Mortgage Mix: Rates Rise, While Credit Availability Hovers Near 2013 Low

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. In the world of lawsuits, loanDepot filed a suit against Movement Mortgage, accusing them of poaching employees. The suit specifically argues that Movement’s targeting and hiring strategies were meant to steal company secrets and confidential… The post Mortgage Mix: Rates Rise, While Credit Availability Hovers Near 2013 Low appeared first on

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Maximizing ROI: Key home updates sellers should prioritize

Inman

Sellers are always seeking ways to maximize their return on investment when selling a home. Mauricio Umansky shares the key updates to focus on so they can get the most out of the transaction.

Brokerage 148
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Residential Building Workers’ Wage Growth Trending Down

Eye on Housing

Average hourly earnings for residential building workers* rose at a slower pace in May, after more than a year of strong gains. Wage growth has retreated below or close to 3%, from the peak rate of 2021. According to the Bureau of Labor Statistics (BLS) report, average hourly earnings (AHE) for residential building workers were $29.87 in May 2023, increasing.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Luxury Spotlight: Meet the experts taking the stage at Luxury Connect

Inman

Mark your calendars for Aug. 7-8, and take a look at some of the Inman Luxury Connect speakers, from billion dollar agents to marketing powerhouses to industry trendsetters.

Staging 148
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A Clinton Hill Brownstone and Three More to See This Weekend, Starting at $1.035 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Fort Greene, Beverly Square West, Clinton Hill, and Madison. They range in price from $1.035 million to $6.1 million. 15 South Portland Avenue Price: $6.1 million Area: Fort Greene Broker: Serhant (Team Tricia Lee) Sunday July 16, 11 a.m. - 1 p.m.… Read More > The post A Clinton Hill Brownstone and Three More to See This Weekend, Starting at $1.035 Million appeared first on Brownstoner.

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Beyond Threads: Other new social media apps to try

Inman

Social media moves quickly, both the trends and the technology itself. Jessi Healey shares some new, exciting social media platforms for real agents to explore.

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Empowering Homeowners With Expert Home-Repair Guidance

RIS Media

Whether your clients are buying or selling, a home that needs repairs can become a point of contention and require extra finesse during negotiation. As a real estate agent, knowing how to assess and weigh repairs and costs can give you an advantage in serving the best interests of your clients. Estimation of repairs As… The post Empowering Homeowners With Expert Home-Repair Guidance appeared first on RISMedia.

Agents 98
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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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How I sold over $1B in luxury real estate (without a CRM)

Inman

While technology plays a significant role in any real estate business, personal communication is essential to generate growth.

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Florida Insurance Crisis Part of National Reckoning

RIS Media

In Florida, hurricanes are expensive. That reality is well understood, as almost every year now, a major storm causes multiple millions of dollars (or even billions) in damages across the Sunshine State. And housing markets have adapted—successfully, it would seem, as the state continues to attract new residents from all over the world. But with… The post Florida Insurance Crisis Part of National Reckoning appeared first on RISMedia.

As-is 98
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From ship to shore: How yachts fuel Florida’s luxury real estate pipeline

Inman

Every year, the world's wealthiest people descend on Florida's aquamarine waters. But for dedicated yachters, significant real estate investments typically follow, luxury agents told Inman.

Agents 114
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Funds to Restore Magnolia Tree Earth Center’s Facade Reach $70K With Help From Boro Prez

Brownstoner

The team behind Bed Stuy’s Magnolia Tree Earth Center is getting closer to its fundraising goal to fix the center’s crumbling facades and remove the more than decade old sidewalk shed thanks to a $20,000 donation from the Brooklyn borough president and more than $50,000 raised in a GoFundMe. According… Read More > The post Funds to Restore Magnolia Tree Earth Center’s Facade Reach $70K With Help From Boro Prez appeared first on Brownstoner.

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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.