Mon.Oct 23, 2023

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Mortgage delinquencies ticked up in September: ICE

Housing Wire

While the mortgage delinquency rate remains low compared to pre-pandemic levels , the number of delinquent loans ticked up in September, according to the ICE Mortgage Monitor report. The national delinquency rate climbed to 3.29% in September, which is up 12 basis points from August and up 13 basis points from September 2022. This makes it the second and largest annual increase in the last 2.5 years, however, the delinquency rate remains 71 basis points below the pre-pandemic level of September

Mortgages 481
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Why Home Prices Keep Going Up

Keeping Current Matters

If you've ever dreamed of buying your own place, or selling your current house to upgrade, you're no stranger to the rollercoaster of emotions changing home prices can stir up.

Marketing 358
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Rents dropped again in September: Realtor.com

Housing Wire

While rent prices remain elevated compared to pre-pandemic levels, the median asking rent price fell $29 from the July 2022 peak, to $1,747, according to Realtor.com. “As rents ease and both home prices and mortgage rates continue to climb, it’s become more economical to rent than to buy in nearly all major markets,” Danielle Hale, chief economist at Realtor.com said in a statement.

Mortgages 462
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Plaintiffs zero in on antitrust violations as they wrap their case

Real Estate News

A former NAR committee member called traditional compensation practices “the ultimate form of restraint of trade,” claiming that NAR looked the other way.

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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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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. Just prior to the plaintiffs resting their case late Monday afternoon, HomeServices of America , one of the three remaining defendants in the commission lawsuit , filed a motion for judgment as a matter of law.

MLS 459
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Falling rents could help prospective buyers save up

Real Estate News

Realtor.com's latest rental report found that rent prices across the U.S. dipped in September, continuing a five-month trend.

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People on the Move: Livian, Real bring on seasoned execs

Real Estate News

Thad Fisher, former eXp, Anywhere and Zillow leader, joins KW's Livian platform; Christian Wallace named first chief of integrated home services at Real.

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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

Over the course of our 40+ years at RealTrends Consulting we’ve brokered and/or advised on over 900 transactions in the residential real estate industry. We usually represent the sell side of the deal and work with firms that range in size from small, one-office, 10-agent shops to the largest in the nation. We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice

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How to ensure the best outcomes for clients buying property overseas

Inman

For the past three years, luxury buyers have been on the move. Increased opportunities to work remotely — and, by extension, live remotely — have enabled them to embrace new lifestyles or seek a higher quality of life, whether that means exploring regions and markets with better weather, lower costs, or a more relaxed pace.

Marketing 199
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Sitzer plaintiffs expected to rest their case today

Housing Wire

The first week of the much-anticipated Sitzer/Burn e tt class action buyer broker commission antitrust lawsuit concluded with the testimony of economic and legal experts. On Friday, Craig Schulman, an associate professor of economics at Texas A&M, took the stand again to be cross-examined by Ethan Glass, the defense attorney for the National Association of Realtors , according to reports from Inman News.

MLS 432
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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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Project to tackle appraisal bias continues with Nov. 1 hearing

Inman

The public is invited to join leaders from the American Bankers Association and mortgage giants Fannie Mae and Freddie Mac for a hearing on tackling appraisal bias.

Mortgages 195
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Kara Lamphere joins Click n’ Close as new chief operating officer

Housing Wire

Click n’ Close , a mortgage lender mostly active in the wholesale and correspondent channels, appointed Kara Lamphere to the role of chief operating officer (COO). “Kara is a powerhouse, and we are thrilled to have her back as part of our executive team to help guide our continued growth and success,” Click n’ Close Owner and CEO Jeff Bode said in a statement.

Closing 417
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Get into a ‘New York State of Mind’ with the home Billy Joel wrote it in

Inman

The house that once helped Joel complete his famous ode to the Empire State has hit the Upstate New York housing market for $2.5 million. In recent years, the property served as a bed-and-breakfast.

Marketing 193
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What is the Cost of a Transaction Coordinator in Real Estate?

RIS Media

The world of real estate is known for its complexities, paperwork and intricate processes. Buyers and sellers often rely on professionals to guide them through these intricacies. One such professional is the real estate transaction coordinator (TC). We will explore the role of a transaction coordinator in real estate and the cost associated with their… The post What is the Cost of a Transaction Coordinator in Real Estate?

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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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Keyes Company, BHR strike chord on deal for data

Inman

Keyes agents will benefit from BHR’s nuanced data reports filtered by an artificial intelligence interface called Aiden, designed to give agents a competitive experience with at-the-ready tools for translating current market performance and emerging trends into buying and selling decisions.

Design 193
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AI Will Transform Multifamily Real Estate—Here’s How

Bigger Pockets

New AI tools are coming out every week. Real estate is chief among industries set to benefit. Here's how this sector will be transformed.

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New consumer app, agent financial health focus of Real conference

Inman

On the first morning of its annual conference held in San Diego, technology-driven real estate brokerage Real unveiled a new consumer-facing app with the promise of bettering the way homes change hands.

Brokerage 190
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Understanding Deeds: A Comprehensive Guide

Bigger Pockets

Understanding how deeds work is vitally important for every real estate investor. There are several different kinds of deeds, and the type you get when you buy a property may affect whether you have recourse if there are any future claims. A clause in the deed may also limit what you can do with your property or require you to allow other property owners to cross your property to access theirs.

Investor 132
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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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On-call marketing? It’s the new normal at Coldwell Banker Realty

Inman

Time, the most precious commodity in a real estate agent's arsenal, has just received a major upgrade for agents affiliated with Coldwell Banker Realty.

Marketing 187
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Real Estate Isn’t Enough—Here’s How Three Pro Investors Diversify Their Portfolios

Bigger Pockets

As the saying goes, don't put all of your eggs into one basket. We interviewed three pro real estate investors and asked how they diversify their portfolios. Here's what they said.

Investor 131
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Insider secrets to survive the shift to today’s skills-based market

Inman

Coach Verl Workman joins Bernice Ross to talk all things teams, growth and the demands of the current real estate market.

Marketing 187
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COURT UPDATE: HomeServices Petitions for Immediate Judgment Against Plaintiffs

RIS Media

KANSAS CITY—HomeServices of America, one of the defendants in the Burnett commission trial, today filed a motion for summary judgment—a ruling in its favor without any further proceedings—just as the plaintiffs are about to rest their case, claiming that no evidence has been presented to show they conspired together on rules or commissions. The plaintiffs’… The post COURT UPDATE: HomeServices Petitions for Immediate Judgment Against Plaintiffs appeared first on RISMedia.

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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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‘Rabbit gets the gun’: The essential guide to Week 1 of Sitzer | Burnett

Inman

Big names, heated exchanges and the emergence of homeseller plaintiffs on the stand dominated the first week of the Sitzer | Burnett commission trial in Kansas City, Missouri.

MLS 187
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Existing Home Sales Fell 2% in September According to Latest Data From NAR

Bigger Pockets

Home sales have been declining month-over-month throughout the year, but this region is moving in the opposite direction. Here's what you need to know.

Sales 130
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9 tips for maintaining a healthy relationship with your phone

Inman

Broker Pam Blair knows that you need your phone to keep in touch with clients and colleagues, but writes that setting appropriate and healthy boundaries around screen time can help to ensure better mental and emotional health.

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BiggerNews: How Hosts Are Making More Money Even As Airbnb Demand Drops

Bigger Pockets

Earlier this year, many Airbnb hosts expected the short-term rental market to fall off a cliff.

Marketing 130
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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 global events jeopardize fair housing (and what you can do)

Inman

Dr. Lee Davenport draws on both historical context and current events to describe how the latest news can impact the application of fair housing laws and policies.

Brokerage 183
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COURT UPDATE: Judge Again Denies Defendants in Burnett Trial

RIS Media

Today marks the start of the second week of the Burnett trial focused on buyer commission, with plaintiffs expected to wrap up their case in front of a jury today, as the defense brings in their witnesses to counter accusations of price fixing, conspiracy and other anti-competitive behavior in the landmark class action suit. The… The post COURT UPDATE: Judge Again Denies Defendants in Burnett Trial appeared first on RISMedia.

MLS 122
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Renters rejoice! Rental rates fell for 5th straight month in September

Inman

Rents for studio, one-bedroom and two-bedroom units fell 0.7 percent between August and September, according to data from Realtor.com.

Marketing 183
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Houston Team Has No Problem as Home Sales Take Flight in Knoxville

RIS Media

Above: Billy Houston Billy Houston has the database success story to end all database success stories. It happened shortly after he decided to come out of retirement as a senior executive in the banking industry to sell real estate at age 57. Now owner of the eponymous Billy Houston Group in Knoxville, Tennessee, aligned nationally with… The post Houston Team Has No Problem as Home Sales Take Flight in Knoxville appeared first on RISMedia.

Sales 122
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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.