Thu.Jan 30, 2025

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Pending home sales limped to the end of 2024

Housing Wire

Pending home sales ended the year on a down note, according to data published on Thursday by the National Association of Realtors (NAR). Compared to a month prior, contract signings fell 5.5% in December, with the Pending Home Sales Index coming in at a reading of 74.4. An index reading of 100 is equal to the level of contract signings in 2001. Annually, pending home sales were down 5.0% compared to a year prior in December.

Sales 448
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The Secret To Selling? Using an Agent To Get Your House Noticed

Keeping Current Matters

In a recent survey, the National Association of Realtors (NAR) asked sellers what they want most from a real estate agent.

Agents 240
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Home inventory levels are showing strong signs. Can it continue?

Housing Wire

Rising mortgage rates that are now above 7% have continued in January. But there may be some improvement on the horizon as newly listed home inventory grew 37.5% from December, according to a Realtor.com report released Thursday and certain cities and regions are moving much faster than others. When compared to the same month a year ago, 24.6% more homes were actively listed for sale on a given day in January, following a 15-month trend of higher annualized inventory levels.

Mortgages 369
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Cue the sad trombone as pending sales reverse course

Real Estate News

A 4-month streak of gains seemed to be setting up a strong start to the new year, but sales slipped in December not welcome news for hopeful agents.

Sales 233
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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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Here’s another estimate of the financial losses from the LA wildfires

Housing Wire

The recent Palisades and Eaton fires in Los Angeles have eradicated thousands of residential properties, leaving both physical and financial damage to Southern Californias housing market. Real estate technology company Homes.com analyzed the Pacific Palisades and Altadena neighborhoods in order to quantify the number of homes destroyed and measure the financial repercussions of the wildfires.

Land 367
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Milestones: Startup offers Buyer Listing Service to MLSs

Real Estate News

Buy-side tool is a full-featured transaction creation platform for agents. Plus, Doorify and Canopy MLSs integrate new tech; REdistribute adds board member.

Agents 222

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Broker Spotlight: Rusty Underwood

Inman

Find out how this award-winning Kentucky brokerage owner got his start, and why he's focusing on the importance of company culture.

Brokerage 158
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Deephaven’s Tom Davis: ‘Either you take market share, or someone takes yours’

Housing Wire

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. In this conversation, the duo explore niche lending, second lien product opportunities and demand for non-QM. Deephaven’s focus on non-QM lending is expected to drive its volume past $80 billion in 2025.

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Typical days on market reaches slowest pace in 5 years: Redfin

Inman

Persistent market headwinds resulted in a slow beginning to the year, according to Redfin. The typical days on market reached 54 days this month the slowest pace since 2020.

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Remaining defendants push back in the Gibson commission lawsuit

Housing Wire

While many real estate brokerages have made the choice to settle the commission lawsuits including Side and JPAR just this week others are still attempting to fight. On Monday, several high profile real estate firms such as Berkshire Hathaway Energy (BHE) the parent company of HomeServices of America Windermere Real Estate , Hanna Holdings , EXIT Realty , William Raveis , Crye-Leike and William L.

Brokerage 322
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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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High-profile real estate companies take aim at Gibson commission suit

Inman

Berkshire Hathaway Energy, Windermere, Hanna Holdings, EXIT Realty, William Raveis and Crye-Leike all denied antitrust allegations against them in new court filings submitted Monday.

MLS 165
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Home inspector sees interaction from baby boomers, aging in place and reverse mortgages

Housing Wire

As more older adults state their desires to age in place in their current homes and with baby boomers owning as much as half of all U.S. home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. This was some of the perspective shared by Matt Cook, the director of business development at HomeTeam Inspection Service , who shared with HousingWire ‘s Reverse Mortgage Daily (RMD

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After a strong year, luxury is poised for strategic shifts in 2025

Inman

In 2024, Manhattan was the top destination for buyers of properties priced at $10 million and up, according to a report from Compass. Reports from Sotheby's and Christie's Real Estate show big shifts across borders, generations and more in the year ahead.

Brokerage 160
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Bijoy John joins Sage Home Loans as senior VP of marketing

Housing Wire

Sage Home Loans Corp. recently hired Bijoy John as its new senior vice president of marketing. John expressed his excitement over joining Sage and implementing his vision at the company. Bijoy John Sage’s senior leadership team welcomed John with open arms, praising his track record of successfully reaching consumers. John will reportedly focus on leading borrower retention efforts. “We are thrilled to welcome Bijoy John as the new Senior VP of Marketing at Sage Home Loans Corporatio

Loans 382
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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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Real estate pros are leading an education revolution for seniors

Inman

Consistent outreach to seniors in the community with value-added information can provide business benefits and a lasting legacy for knowledgeable real estate professionals, Nikki Buckelew writes.

Brokerage 158
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Famed encyclopedia highlights ‘sandwich generation,’ recognizing importance of senior caregiving

Housing Wire

Britannica , the English-language encyclopedia that has roots as far back as the 1760s, recently highlighted a phrase familiar to the reverse mortgage industry the sandwich generation in recognition of the growing importance that caregiving for older relatives will have as the global population grows older. Highlighted on Britannica Money, an online portal designed to expand knowledge for everyday investors and savers, the term was explained to recognize the growing role that such people play

Equity 326
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Mauricio Umansky on building a brand-centric brokerage culture

Inman

Whether you're struggling to keep your existing brand fresh or trying to build a new brand that works, The Agency's Mauricio Umansky offers insights from his own brand-building experience.

Branding 148
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Mortgage approvals rise as buyers prepare for Stamp Duty rush

Estate Agent Today

The housing market has received a boost after mortgage approvals rose in December.

Mortgages 126
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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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5 strategies for maximizing ROI from rental properties in 2025

Inman

With the rental property markets growth poised to continue, investors have a unique opportunity to maximize ROI by adopting innovative strategies and staying agile, RentRedi CEO Ryan Barone writes.

Investor 136
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Great Spaces: Step Inside History with JFK and Jackie Kennedy’s First Home, Reimagined

RIS Media

Property Highlights: Location: Georgetown, Washington, D.C. Listing Price: $4,595,000 Features: 3,100-square-foot fully renovated townhouse with four bedrooms, four full bathrooms and two half bathrooms. Added Appeal: Skylit staircase, chefs kitchen, elegant drawing room, manicured garden and EV-ready garage. Every home tells a story, but few can boast a chapter as luminous as 3321 Dent Place… The post Great Spaces: Step Inside History with JFK and Jackie Kennedy’s First Home, Reimag

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Fathom Realty is jumping on the bitcoin bandwagon

Inman

Parent company will invest up to half of its excess cash in the "highly volatile" cryptocurrency to pave the way for enabling bitcoin payments for agents and customers at a later date.

Agents 124
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Exhibition at History Center Traces the Story of Slavery in Brooklyn

Brownstoner

A new exhibition at the Center for Brooklyn History grapples with the history of slavery in the borough, sharing new research, raising thought-provoking questions, and allowing viewers to gaze upon some 18th and 19th century documents not frequently on view. "Trace/s: Family History Research and the Legacy of Slavery in… Read More > The post Exhibition at History Center Traces the Story of Slavery in Brooklyn appeared first on Brownstoner.

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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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3 Housing Market Trends That Will Shape 2025

Bigger Pockets

Which real estate trends could make you wealthier in 2025? Every year, its something new.

Marketing 114
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How real estate agents can be part of a client’s go-bag: Kamini Lane

Inman

Be that safe person the one who consumers can depend on, Coldwell Banker Realty CEO Kamini Lane writes, and look out for them as an ally through every step of a crisis.

Agents 108
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6 Ways to Invest Out-of-State This Year

Bigger Pockets

Whether you want to invest directly or passively in out-of-state real estate, you have several options.

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Final Look at Local Housing Markets in December and a Look Ahead to January Sales

Calculated Risk Real Estate

After the National Association of Realtors® (NAR) releases the monthly existing home sales report , I pick up additional local market data that is reported after the NAR. This is the final look at local markets in December. The big story for December was that existing home sales increased year-over-year (YoY) for the third consecutive month following year-over-year declines every month since July 2021.

Sales 99
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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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U.S. Economy Ends 2024 With Solid Growth

Eye on Housing

Real GDP growth slowed in the fourth quarter of 2024, but the economy finished the year at a solid rate. While consumer spending continued to drive growth, gross private domestic investment detracted over a full percentage point mainly due to a decline in private inventories. According to the advance estimatereleased by the Bureau of Economic.

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Real Estate Teams Can’t Succeed Without These Leadership Qualities

RIS Media

Being an effective leader is the most critical element for success within any real estate team. Strong leadership not only shapes the teams culture but also influences performance, decision-making and client relationships. However, while its true that leadership comes more naturally to some of us over others, its also an acquired skill. Leadership styles will… The post Real Estate Teams Can’t Succeed Without These Leadership Qualities appeared first on RISMedia.

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Housing’s Share of the Economy Remains Level with Positive Signs from Residential Investment

Eye on Housing

Housings share of the economy remained unchanged at 16.2% in the fourth quarter of 2024, according to the advance estimate of GDP produced by the Bureau of Economic Analysis. For the year, housings share of the economy was 16.2%, up from 16.0% in 2023 and down from 16.5% in 2022. The more cyclical home building.

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Huddle Up: How ‘Moving Music City’ keeps its team thriving

Inman

Take a cue from this Nashville team, writes coach Melanie Klein. Invest in your teams connection, communication and growth, and watch your business thrive.

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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.