Tue.Jun 27, 2023

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Why Homeownership Wins in the Long Run

Keeping Current Matters

Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year?

Mortgages 267
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Marketing Leaders take the stage at HW Annual Oct. 10-12

Housing Wire

What does marketing look like in 2023 and beyond? It’s a question we’ve started to ask our Marketing Leaders each year as the changing landscape requires top leaders to be agile in their strategies. In just this year, the top social media platforms are constantly releasing updates, ChaptGPT seems to be open on everyone’s desktop and a lot of us are looking at a lead pipeline that needs filling.

Staging 430
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It’s a good time to be selling (and buying) new homes

Real Estate News

New home sales are up 20% year-over-year, according to the U.S. Census Bureau, and lower median prices could help first-time buyers.

Sales 344
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Eviction filings are up more than 50% in some cities compared to pre-pandemic levels

Housing Wire

Eviction filings have risen more than 50% in some cities when compared to pre-pandemic levels, as expiring relief measures and economic volatility play havoc with the finances of renters in certain parts of the country. This is according to data from the Eviction Lab at Princeton University , as reported by the Associated Press. “Protections have ended, the federal moratorium is obviously over, and emergency rental assistance money has dried up in most places,” Daniel Grubbs-Donovan, research sp

Finance 397
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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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eXp CEO reveals Homes.com talks and new twist on recruiting

Real Estate News

Glenn Sanford’s “State of the Union” hints at strategic partnerships, an exclusive lead-gen strategy and investments in attracting teams.

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ACI Worldwide to pay $25M for illegally processing mortgage payments

Housing Wire

ACI Worldwide and one of its subsidiaries, ACI Payments , agreed to pay a $25 million civil penalty for illegally processing $2.3 billion in unauthorized mortgage payments from nearly 500,000 homeowners serviced by Mr. Cooper two years ago. The Consumer Financial Protection Bureau ( CFPB ) issued a consent order against the company on Tuesday for improperly initiating the transactions in April 2021, which opened homeowners to overdraft and insufficient funds fees from their financial institution

Mortgages 370

More Trending

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New home sales rose 12% in May

Housing Wire

New home sales in May rose 12.2% from April, which marks the third consecutive month of growth. Sales of new single‐family houses came in at a seasonally adjusted annual rate of 763,000, according to estimates released jointly Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 20% above the May 2022 estimate of 636,000.

Sales 370
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Want more pizzazz in your listing? Zillow's latest tool aims to deliver

Real Estate News

Listing Showcase, a ShowingTime+ product, is designed to provide a more "immersive" experience for buyers and give listings agents an edge.

Design 264
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Home prices continued to accelerate in April: Case-Shiller

Housing Wire

After a winter of dire housing market forecasts, the housing market regained its footing this spring, with home prices rising month-over-month for the third consecutive month in April, according to the S&P CoreLogic Case-Shiller National Home Price Index , which was released Tuesday. These increases came after seven consecutive months of decline.

Staging 369
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New home sales jumped 20% in May, a 12.2% jump from April

Inman

In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price.

Sales 158
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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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LenderPulse Q3 2023 survey: Mortgage pros look to cut marketing spend

Housing Wire

As the mortgage industry continues to reduce capacity amid shrinking volumes, mortgage professionals are reluctant to spend on tech, services or solutions. According to HousingWire ‘s Q3 2023 LenderPulse survey, industry workers said they would cut down on marketing spend and tools, as well as reduce additional headcount, if they had to further contain costs.

Mortgages 368
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NAR kicks off nationwide search for ‘diverse’ CEO candidates

Inman

Applications to become the 1.5 million-member trade group's 13th chief executive will be accepted through July 31, the National Association of Realtors announced.

MLS 157
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Ex-chief of staff accuses The Change Company of “mischaracterizing loans” 

Housing Wire

A former high-ranking employee at nonbank The Change Company CDFI (TCC) filed a lawsuit in California accusing the company of retaliation after he notified executives of employees “mischaracterizing loans” to apparently skirt federal reporting requirements. The lawsuit, filed in Orange County, alleges that Adam Levine, the chief of staff to CEO Steven Sugarman, began reporting illegal activity by the company’s employees in February 2023 to Sugarman and other executives and board members.

Loans 367
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How to reduce your income taxes legally using real estate investing

Inman

Tax strategist David A. Perez helps real estate investors plan ahead to minimize their tax burden. Here he shares his insights with author Bernice Ross.

Investor 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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Marketing Leaders take the stage at HW Annual Oct. 10-12

Housing Wire

What does marketing look like in 2023 and beyond? It’s a question we’ve started to ask our Marketing Leaders each year as the changing landscape requires top leaders to be agile in their strategies. In just this year, the top social media platforms are constantly releasing updates, ChaptGPT seems to be open on everyone’s desktop and a lot us are looking a lead pipeline that needs filling.

Staging 367
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CoStar execs talk top new features coming to Apartments.com

Inman

"We can make the leasing agent’s job easier," an Apartments.com executive said as the company pushes the rental industry to modernize the lease-up experience.

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The share of borrowers who were late on their mortgage payments dropped in May

Housing Wire

The mortgage delinquency rate fell 11 basis points to 3.10% in May, the second lowest national mortgage delinquency rate ever seen. In May, the number of borrowers just one payment behind improved by 94,000, erasing nearly half of April’s increase, according to Black Knight. (Delinquency numbers in April spiked because the month ended on a Sunday and payments made by borrowers on the last few days of the month couldn’t be processed immediately.

Mortgages 351
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Zillow rolls out AI-powered ‘super listing’ tool

Inman

Listing Showcase is part of Zillow's new ShowingTime+ brand and is currently available to a select group of agents that partner with the portal giant, according to the company.

Branding 148
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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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Lender Toolkit and Reggora partner to streamline mortgage underwriting

Housing Wire

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders. “We’re elated to partner with Reggora’s modern appraisal management platform, which has a well-documented open API that makes integrations easy to maintain,” said Brent Emler , director of sales at Lender Toolkit. “While appraisals

Mortgages 348
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Test triggering $2.3B in mortgage payments leads to $25M fine

Inman

ACI admits no wrongdoing in settling CFPB's first-ever enforcement action over the handling of consumer data in the processing of mortgage payments.

Mortgages 148
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What Are the Advantages and Disadvantages of Low HOA Fees?

RIS Media

When you move into a house in a homeowners association (HOA) neighborhood, you might want the fees they charge to be as low as possible. Buying a home is a significant expense, and you might want to reduce costs where you can. But are low HOA fees a good idea? You might assume smaller bills… The post What Are the Advantages and Disadvantages of Low HOA Fees?

As-is 145
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The AI race is on in real estate

Inman

Don't overthink AI, and don't sleep on it. The potential for problem-solving the world's most intractable challenges is too great to ignore, writes Inman publisher Brad Inman.

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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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The 4 Steps to Financial Freedom Through Rental Property Investing

Bigger Pockets

Want financial freedom? We’re not talking about buying yachts, private planes, or million-dollar sports cars. We mean REAL financial freedom.

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10 creative euphemisms for a sluggish real estate market

Inman

Although euphemisms and analogies are not the magic solution to a sluggish market, Darryl Davis writes, they can help make a difference in how you approach the situation.

Marketing 148
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New York Residential Closed Median Sale Price Increases by 2.6% MoM

RIS Media

OneKey® MLS, the largest MLS in New York, has announced that residential, condo, and co-op sales transactions in the regional MLS coverage area saw a 2.6% increase in closed median sale price month-over-month from April to May 2023. OneKey® MLS, which provides monthly statistics for residential real estate transactions from Montauk to Manhattan, north through… The post New York Residential Closed Median Sale Price Increases by 2.6% MoM appeared first on RISMedia.

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The pros and cons of representing renter clients

Inman

Though renting may come with smaller commissions than selling, working with prospective tenants can still be a profitable part of your real estate business, Philadelphia Realtor Jonathan Pressman writes.

Agents 148
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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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New Home Sales Jump in May

Eye on Housing

A lack of existing inventory coupled with solid consumer demand helped to boost new home sales in May to their highest level since February 2022. Sales of newly built, single-family homes in May increased 12.2% to a 763,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S.

Sales 121
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New MLS-backed showing tool inks deal with 1st non-owner customer

Inman

New Mexico MLS — a statewide MLS with 1,150 agent, broker and appraiser subscribers — will likely launch Aligned Showings in either the fourth quarter of 2023 or the first quarter of 2024, according to MLS Aligned.

MLS 148
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Huge Increase in New-Home Sales Sweeps Up First-Time Buyers

RIS Media

Adding to a slew of recent positive news around housing, the latest data shows new-home sales rising significantly in May, up a blistering 12.2% from the previous month and 20% year-over-year, as a steady real estate rebound continues to defy recession predictions. Every region saw significant increases in sales, with the Northeast in particular experiencing… The post Huge Increase in New-Home Sales Sweeps Up First-Time Buyers appeared first on RISMedia.

Sales 112
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Discovering the key elements teams seek in a brokerage

Inman

In the latest Inman Access class, tech leaders and teams of different sizes share what team leaders and agents want from their brokerages and what attracts and keeps them with a brand.

Brokerage 147
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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.