Mon.Aug 21, 2023

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Why Median Home Sales Price Is Confusing Right Now

Keeping Current Matters

The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow.

Sales 246
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Housing inventory is at its highest point all year

Housing Wire

Mortgage rates only kept climbing in the last week. Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. This is the same pattern as we talked about last week. The first half of the year had surprisingly resilient sales, but that is slowing again.

Mortgages 370
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Why brokerages should care about the FTC Safeguards Rule

Real Estate News

An update to FTC rules could impact a broad range of real estate professionals — with stiff fines for noncompliance.

Brokerage 246
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RE/MAX lays off 7% of staff in reorg

Housing Wire

Denver -based real estate giant RE/MAX announced that it was laying off 7% of its staff on Friday. According to the company’s filing with the Securities and Exchange Commission , layoffs were part of a reorganization, which RE/MAX said is “intended to streamline the Company’s operations and yield cost savings over the long term.” The filing stated that RE/MAX expects the reorganization to be substantially complete by the end of the quarter.

Principal 370
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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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RE/MAX to reduce workforce by 7%

Real Estate News

In an SEC filing, the company said the layoffs are part of a reorganization that will “yield cost savings in the long term.

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Tom Ferry, “Smart agents stopped complaining about the market”

Housing Wire

You mindset impacts your real estate success and successful agents are looking toward the future, no wallowing in the uncertain market. Before you know it, 2024 will be upon us. The time is now to understand the market and some of the trends. We spoke with Tom Ferry , the Founder of Tom Ferry International, before his event in Dallas. Ferry sheds light on the top real estate issues impacting professionals today and gives a preview of some trends covered at the event.

Agents 370

More Trending

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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

The past year hasn’t been particularly good for tech or housing. As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Magazine list of the 5,000 fastest growing private companies in America declined in 2023. In all, 37 companies made the cut this year, down from 53 a year ago. The self-reported list ranks U.S. based firms on percentage revenue growth from 2019 to 2022.

Equity 370
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4 ways the agent/mortgage broker relationship benefits homebuyers

Inman

When it comes to finding a house to call home and securing a mortgage, the overwhelming number of options, lack of communication and never-ending paperwork can leave even the most experienced agents frustrated and homebuyers feeling discouraged.

Agents 148
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Judge in Zillow suit allows REX’s false advertising claims to stand

Housing Wire

Just days after awarding Zillow and National Association of Realtors (NAR) a major victory in their legal battle against REX Real Estate , the court made it clear that Zillow’s fight is far from over. A federal court judge concluded on Friday that in regard to REX’s false advertising claims against Zillow, the firm has proven “falsity.” The ruling came after REX filed a motion for summary judgement on the matter.

MLS 370
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Top futuristic home features buyers are looking for in 2023

Inman

We’re in an era where cutting-edge intelligent home features and functions are demanded by many luxury property buyers.

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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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The Compass Cares Classic is serving up big donations for local charities

Housing Wire

The Compass Cares program is the charitable arm of Compass, a real estate brokerage making big waves in the market. Compass was recently honored as a 2023 “Game Changer” by RealTrends. Compass isn’t only focused on national real estate sales, it is looking to make an impact at the local level. For every transaction completed by a Compass agent, the company pledges money to a corresponding Compass branch.

Agents 73
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An economist’s take on housing prices, affordability, opportunity

Inman

Windermere Chief Economist Matthew Gardner looks at the latest numbers and the markets that still offer affordable options.

Marketing 148
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Understanding the Home Appraisal Process: A Seller’s Guide

HomeLight

It’s natural to feel uneasy when the home appraiser shows up at your house. After all, there’s a lot riding on your home’s appraised value. If your appraisal comes out lower than you planned, it could end up delaying or disrupting your home’s sale. Fortunately, by understanding the home appraisal process and taking a few steps to shore up your home’s value, you can cut down the chance you’ll run into appraisal problems.

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Compass’ cash burn situation shows signs of improvement

Inman

Compass was caught flat-footed last year when the market changed, but it executed a necessary turnaround to sustainability.

Marketing 148
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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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Nordstrom opens 25-year ‘time capsule.’ See what’s inside

Seattle Times Real Estate

The retailer marked the store’s anniversary by opening the capsule and displaying its contents to visitors and executives. It was a blast from the past.

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How do you use captions on Instagram?

Inman

Every week Sue "Pinky" Benson answers your most pressing Instagram questions. This week, she's helping you get a handle on IG captioning.

Agents 148
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Homebuilders Are Maxed Out—And the Shortage is Only Getting Worse

Bigger Pockets

Despite the demand, homebuilders are having an awfully hard time keeping up with the market. That's led to YoY declines in permits and starts. Where do we go from here?

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Take Inman’s first-ever bombshell commission lawsuit survey here

Inman

A pair of explosive lawsuits could upend how brokers do business. As those suits come closer to trial, tell us how you feel about those cases and how prepared the industry is for the repercussions.

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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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Home Prices Reached Record Highs Again—Where Are They Growing the Most?

Bigger Pockets

Home prices reached record highs in July after several months of decline earlier this year. These markets are showing the most growth going into the rest of the year.

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Level up your real estate success with persuasive questioning

Inman

Join Sterling Caporale in the final class in his six-part video series to learn what intelligent and persuasive questions you can leverage.

Agents 148
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New Build on Historic Bed Stuy Block OK’d by Landmarks, But Locals Say It’s Not Quite There

Brownstoner

The revised design for a new four-story building on one of Bed Stuy’s most architecturally breathtaking blocks has been given the green light from the city’s Landmarks Preservation Commission, provided the architect and preservation consultant working on the infill project continue to tweak some details with the help of the… Read More > The post New Build on Historic Bed Stuy Block OK’d by Landmarks, But Locals Say It’s Not Quite There appeared first on Brownstoner.

Design 98
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Viant Eye says Trufile plug-in enables all-digital mortgage

Inman

Viant Eye's says rollout of its MISMO-compliant plug-in means SMART Docs "aren't just for eNotes" but documents across the whole loan lifecycle from origination to recording.

Mortgages 147
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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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Single-Family Home Size Moves Lower to More than a Decade Low

Eye on Housing

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022, and housing affordability worsened, the demand for home size has trended lower. According to second quarter 2023 data.

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Real estate influencers allegedly scammed investors out of millions

Inman

A Florida-based couple running a real estate coaching and investment company is operating a scam that’s defrauding rookie investors, according to a handful of lawsuits filed in federal court.

Investor 147
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Key Tips for Buying a Foreclosure

RIS Media

The housing market is full of foreclosures, and that can mean big savings for savvy homebuyers. Purchasing a foreclosure, however, is a different game from regular home sale. Understanding the bank-owned market can help buyers get a leg-up on their competition and get the home of their dreams, for less. Here are some helpful tips… The post Key Tips for Buying a Foreclosure appeared first on RISMedia.

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Miami luxury agent sentenced to 3.5 years in prison for PPP fraud

Inman

Daniela Rendon was sentenced on Thursday after having misused hundreds of thousands of dollars in pandemic relief funds for her own personal luxury purchases, claiming that at the time "everybody" was doing it, according to reports.

Agents 147
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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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Ransomware Attack Could Be Resolving as Vendors, MLSs Revisit Security

RIS Media

Though there have been no official public updates from Rapattoni—the beleaguered MLS software provider which last week suffered a ransomware attack—agents who have been locked out of their MLSs for almost a week may have services restored in the next couple days, though details are still foggy. In an update posted to their website last… The post Ransomware Attack Could Be Resolving as Vendors, MLSs Revisit Security appeared first on RISMedia.

MLS 98
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How to break down the success pillar of personal development

Inman

The best agents are constantly steeped in development and education, broker Nick Schlekeway writes, developing their skills personally so that they can achieve and succeed at the highest levels of real estate.

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5 Advantages of Selling Your Home in the Fall

Coldwell Banker

While spring and summer are traditionally considered prime real estate seasons, the advantages of selling a home in the fall are often underestimated. Here are five compelling reasons why autumn might be the best time to list your property and make a big change. Reduced Market Competition Unlike the bustling real estate seasons, the fall […] The post 5 Advantages of Selling Your Home in the Fall appeared first on Coldwell Banker Blue Matter.

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This “CARFAX for Properties” Could Change EVERYTHING About Investing

Bigger Pockets

Real estate investing is about to get much, much easier. Up until now, buying a property has seemed like a guessing game.

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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.