Wed.Feb 08, 2023

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No more blame game! 5 steps for handling confrontation in real estate

Inman

Do you find yourself playing the blame game during the transaction with other agents? Ryan Zomorodi recommends these tips to stay on the high ground and keep the transaction moving forward.

Agents 148
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The CFPB puts mortgage comparison sites on notice

Housing Wire

The Consumer Financial Protection Bureau (CFPB) is putting mortgage comparison sites on notice, laying out scenarios regarding how certain platforms could be violating the Real Estate Settlement Procedures Act (RESPA) section 8. If the mortgage comparison site “provides enhanced placement or otherwise steers consumers” to certain operators based on compensation, an operator is in violation of the RESPA section 8, according to CFPB’s advisory opinion published on Tuesday.

Mortgages 370
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How top brokerages are investing in better pipelines for agents

Real Estate News

RE/MAX, KW and Compass are among the companies customizing and rolling out a new generation of CRMs for their agents and broker-owners.

Agents 264
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Mortgage applications ticked up 7.4% during wild week in mortgage

Housing Wire

During the week that mortgage rates very briefly touched down into the 5% range, mortgage applications increased 7.4%, according to the latest reading from the Mortgage Bankers Association. Still, mortgage demand is down 58% from a year prior. Mortgage rates fell to 5.99% on Thursday, Feb. 2 following comments made by Federal Reserve Chairman Jerome Powell about disinflation.

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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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Housing Market Decoded: Have mortgage rates peaked?

Real Estate News

Zillow Chief Economist Skylar Olsen looks at the state of mortgage rates and ways agents can help buyers and sellers in this rebalancing cycle.

Mortgages 262
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Anthony Hsieh steps down as loandepot’s executive chairman

Housing Wire

Amid a battle with the board of directors, loanDepot ‘s founder Anthony Hsieh is stepping down as executive chairman. However, he will remain chairman for the company’s board, the company announced on Wednesday. The announcement came the day after Hsieh said he had decided to use his majority voting power to unilaterally nominate Williston Financial Group executive Steven Ozonian to the board of directors.

Mortgages 370

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Homelendia Mortgage launches mortgage brokerage franchises

Housing Wire

Homelendia Mortgage LLC, a Florida-based mortgage brokerage franchisor, launched its mortgage brokerage franchises this week, offering individual unit and regional opportunities to qualified individuals, teams, brokerages and loan originators. According to a statement from the company, “Homelendia Mortgage will offer a unique and streamlined approach to mortgage brokerage ownership and the mortgage process, utilizing cutting-edge technology to provide a seamless and efficient experience fo

Brokerage 370
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CA Christie’s affiliates show huge growth in year of new partnerships

Inman

The luxury brand's billion-dollar growth in terms of agent business came in large part from strategic recruitment by its Sereno and Orange County affiliates, as well as the addition of star agent Aaron Kirman.

Branding 148
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Rithm, in ‘conservative mode,’ delivers $865M profit in 2022

Housing Wire

New York-based Rithm Capital executives have played it cautious with capital deployment amid a higher rate environment, and it’s a strategy that paid off in 2022. The company announced Wednesday that its approach resulted in an $864.8 million profit in 2022 — higher than the $705.5 million the prior year. However, in Q4 2022, profits declined to $81.8 million, down from $124.5 million in the third quarter. “2022 was a transformational year for us in many ways.

Equity 366
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A theory is emerging online about a mass exodus from New York City

Inman

Warehousing? Inflated algorithms? Shady developers? They're all part of a new report on what's driving up rental prices in New York City. However, social media users aren't buying the theory.

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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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Home Partners of America names Jennifer Deason as CEO

Housing Wire

Home Partners of America, a Chicago-based Blackstone portfolio company, has appointed Jennifer Deason as its chief executive officer, the company announced on Wednesday. Deason will step into the new role later this month. “Home Partners’ mission is particularly close to my own personal story, as I was raised by a single mom who did not have any paths to homeownership,” Deason said.

Banks 341
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Is your trash talk violating the Code of Ethics?

Inman

Whether you’re talking about the competition or complaining about your broker, Article 15 precludes you from going too far. Broker Troy Palmquist lays out the case for watching your words to avoid violating the Code of Ethics.

MLS 148
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Inside American Pacific Mortgage’s quest for expansion

Housing Wire

Mortgage rates are on a declining trend, but don’t be fooled – the industry’s efforts to rightsize from a pandemic boom will continue through 2023. Up to 30% of the 1,000 largest independent mortgage banks will disappear by the end of this year, either through sales, mergers, or failures amid still-high inflation and rising interest rates, according to projections by the M&A advisory firm Sterling Point Advisors.

Lending 284
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LoanDepot founder Anthony Hsieh ousted as executive chairman

Inman

The founder is in a spat with the board after nominating real estate veteran Steve Ozonian to serve on the floundering mortgage lender's board of directors.

Mortgages 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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'Buy before you sell' gets easier with more lender options

Real Estate News

Knock has opened up its Home Swap program to allow any lender to participate.

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Young renters’ inflation rate lower than general population: Study

Inman

Gen Zers and millennials who signed new leases in December saw their cost of goods and services increase 5.6 percent and 6.1 percent, respectively, according to a new report by Redfin.

Brokerage 148
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No surprise, people are moving to Florida and Texas

Real Trends

It’s not shocking that, when people can live and work anywhere they want, they are migrating towards the fun and sun! The proof is in the population gains all across the Sun Belt. Goodbye snow storms and hello sandy beaches. In 2022, the National Association of Realtors (NAR) used the change of address data from the United States Postal Service to create a map of migration.

Title 122
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Best frenemies? How to make peace with the teammate you can’t stand

Inman

Personality conflicts can be frustrating, but they don't have to undermine your business. Find out how to make peace with that agent who rubs you the wrong way.

Agents 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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Mortgage Activity Increases after Dip in Rates

Eye on Housing

Per the Mortgage Bankers Association’s (MBA) survey through the week ending February 3rd, total mortgage activity increased 7.4% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell one basis point to 6.18%. The FRM rate has fallen around 100 basis points since October of 2022.

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Floor plan startup Cubicasa inks partnership with growing Utah MLS

Inman

UtahRealEstate.com is the latest multiple listing service to partner with CubiCasa on free floor plans and discounts on property analytics and the startup's database of real estate photographers.

MLS 148
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Growth of Revolving Debt Slows, Auto Loan Rates Spike in Q4 2022

Eye on Housing

The balance of consumer credit outstanding grew 6.5% in the fourth quarter of 2022 (seasonal adjusted annual rate) after climbing 6.7% (SAAR) in the third quarter according to the Federal Reserve’s latest G.19 Consumer Credit report. Revolving debt—which consists primarily of credit card debt—increased at a 12.0% rate, as the level of nonrevolving debt (excluding real estate) grew 4.8% (SAAR).

Loans 116
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Builders are pulling their hair out. Why do investors still love them?

Inman

To get a clearer picture of where things stand for builders — and where they're headed for investors — Inman compiled financial results from the nation's five largest publicly traded homebuilders.

Investor 148
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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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Simple Tips to Make Your Move Easier

Windemere Selling

Your needs as a homeowner change over time, and you need the right home to fit those needs. Accordingly, it’s highly likely that at some point in your future you will experience another moving day. While moving can be challenging, the following moving tips will make it easier. If you are remaining in your current area, your Windermere agent can continue to be a valuable resource on schools, utilities, transportation, recreational opportunities, and more.

Agents 113
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Is 2023 the right time to join a team? 7 reasons to make a move

Inman

Joining a high-performing team has become a popular option for agents at all levels, Adam Hergenrother writes. Here are seven reasons you should consider making the move to a real estate team in 2023.

Agents 148
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Coldwell Banker Real Estate Reveals 2022 Top Agents and Teams

Coldwell Banker

Each year, the brand honors the top ten real estate agents and teams from across our network of over 100,000 agents for their exceptional performance across multiple sales categories The post Coldwell Banker Real Estate Reveals 2022 Top Agents and Teams appeared first on Coldwell Banker Blue Matter.

Agents 110
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RESAAS is latest proptech to integrate ChatGPT

Inman

RESAAS said it’s going to put the software to work on property descriptions to help users at the Premium and Ultimate account levels get over creative hurdles and more efficiently tackle general marketing tasks.

Marketing 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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FHA 203(k) Loan: Rehab Loans Explained

Bigger Pockets

Fixer-uppers can be transformed into fantastic places to live. They can also get expensive.

Loans 106
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Fifth Wall’s Brendan Wallace on why ‘proptech is existential’ for leaders

Inman

Fifth Wall's co-founder revealed why proptech is worthy of venture capital, how friction generates money for lenders and why physics can better illuminate real estate’s carbon footprint.

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5 of the Best Retirement Communities in Arizona

HomeLight

Disclaimer: Links and mentions of Arizona retirement communities in this post do not constitute an endorsement. Price ranges, services, and amenities can change — please visit a community’s website for the most up-to-date information. HomeLight always recommends doing your own research to determine which community destination is best for your situation.

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Nation’s largest MLS will use AI to catch listing compliance issues

Inman

California Regional MLS is teaming up with Styldod, which CRMLS partially owns, to improve how it handles listing photos and rule violations and to eventually provide a revenue pipeline.

MLS 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.