Tue.Feb 20, 2024

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Record number of 65-year-olds will reshape the age milestone: WSJ

Housing Wire

More Americans are reaching the milestone age of 65 , and these people are redefining what 65 looks like in comparison to prior generations — with a raft of implications for American society. This is according to a recent story published by the The Wall Street Journal. “Today’s 65-year-olds are redefining a milestone long associated with retirement parties and the end of productive years,” the article stated.

Staging 448
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Former Zillow exec pivots mortgage site Tomo into home search

Real Estate News

CEO Greg Schwartz says Tomo will stand out by offering “negotiation insights,” which includes personal information about home sellers.

Mortgages 299
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Minority homeownership gains ground, but disparities persist: NAR

Housing Wire

The dream of homeownership is becoming more attainable for many Americans, with 10.5 million homeowners added between 2012 and 2022. Some racial minorities also witnessed a surge in their homeownership rates. According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% and 51.1%, respectively.

Loans 432
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Why United’s CEO isn’t interested in ‘shiny’ downline models

Real Estate News

United boosted agent count in 2023, but not with rev share or stock incentives. CEO Dan Duffy shared his thoughts on why the flat-fee model is a win for agents.

Agents 264
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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What should lenders consider in 2024 for collateral risk?

Housing Wire

Gareth Borcherds, managing director, Ascent Software Group The GSEs are taking a closer look at how they evaluate collateral risk. Appraisal modernization is vital. Gareth Borcherds , managing director Ascent Software Group outlines the three categories to be aware of, how appraisal modernization can help scale new initiatives and more in this executive conversation.

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HomeServices of America dismissed from commissions case

Real Estate News

The Batton 1 lawsuit was brought by buyers, not sellers, and will move forward against NAR, Anywhere, RE/MAX and Keller Williams with fewer claims.

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More Trending

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CoStar revenue — and Homes.com push — beats expectations

Real Estate News

CEO Andy Florance said Homes.com sold $4.5 million worth of new subscriptions to residential real estate agents in the first week after the Super Bowl.

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Fairway makes new reverse mortgage investments, rejoins NRMLA

Housing Wire

Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space. The first initiative is the decision to rejoin the National Reverse Mortgage Lenders Association (NRMLA), which the company left at the end of 2021 under previous reverse division leadership.

Mortgages 406
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How the rise of ADUs is creating new opportunities for agents

Real Estate News

As extra dwelling units become more mainstream, agents can market them as both a revenue source and a lifestyle.

Agents 286
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Opinion: The role of the LO will soon be very different

Housing Wire

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. The impact of the pandemic and an unprecedented refinance boom followed in short order by the highest interest rates seen in decades cannot be overstated. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Strategic Tips for Buying Your First Home

Keeping Current Matters

Buying your first home is a big, exciting step and a major milestone that has the power to improve your life.

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Baird & Warner partners with data provider RealReports

Housing Wire

Illinois-based Baird & Warner , an independent real estate brokerage, partnered with proptech firm RealReports , the companies announced Tuesday. The news comes on the heels of the Keyes Company ’s partnership with RealReports in October 2023. The collaboration is designed to allow all of Baird & Warner’s 2,000-plus agents to benefit from RealReports’s wide-ranging property data.

Brokerage 398
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Greg Schwartz’s Tomo launches AI-powered home search platform

Inman

Former Zillow executives Greg Schwartz and Carey Armstrong have launched an artificial intelligence-powered home search portal under their company, Tomo. The portal is available to homebuyers in 21 states.

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Ardley launches white-label automated underwriting engine

Housing Wire

Reston, Virginia-based Ardley Technologies announced on Tuesday the launching of its white-label automated underwriting engine called Autopilot, which the company states will enable lenders to create instant, conditional loan approvals for qualified borrowers. “The main thing about Autopilot is the speed with which we can offer a decision to a borrower,” Nate Den Herder, founder and CEO of Ardley, said in an interview. “Most technologies are not architected to do a million l

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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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CoStar maintains winning streak and grows revenue yet again in Q4

Inman

CEO Andy Florance touted his company's residential portal Homes.com as the "fastest growing residential property site in the United States" in a new earnings report released Tuesday.

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AlphV/BlackCat claims credit for loanDepot cyberattack

Housing Wire

Infamous ransomware gang AlphV/BlackCat claimed it was behind the January cyberattack at top 15 U.S. mortgage lender loanDepot. loanDepot, which originated about $17 billion in mortgages in the first three quarters of 2023, had reported that a cyberattack brought down the company’s systems earlier this year. The ransomware gang claimed it offered loanDepot $6 million for the data and decryptor, but the lender tried to buy time by offering a bigger ransomware payment to AlphV/BlackCat.

Title 375
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Alex Vidal is moving ERA Real Estate out of the shadows

Inman

Ahead of his first Fuel conference as president, Alex Vidal shares what makes ERA special, the inspiration behind his coaching sessions and how the brand plans to be "louder" in 2024.

Branding 160
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CoStar continues to post solid growth in the fourth quarter 

Housing Wire

C oStar Group ’s annual revenue increased by 12% during the fourth quarter of 2023, marking its 51st straight quarter of double-digit revenue growth. The company reported revenue of $640 million and net income of $96 million for the quarter. Meanwhile, the company reported revenue of $2.46 billion for the year ending Dec. 31, 2023, up 13% from $2.18 billion for the full year 2022.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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Construction costs poised to rise up to 6% in 2024

Inman

Building costs will rise between 3 percent and 6 percent throughout 2024, depending on the market, according to data released Tuesday by cost management firm Currie and Brown.

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Reduce title, real estate and mortgage risk with a cyber response plan

Housing Wire

In today’s rapidly changing technology landscape, businesses in the title insurance , mortgage and real estate industries must prioritize cybersecurity response planning and business continuity. The second in our “ Reducing Risk ” series, this month’s article provides practical strategies for safeguarding your enterprise to ensure its resilience against cyber threats.

Title 363
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Mission accomplished: Real nets another eXp office

Inman

The Real Brokerage added 30 more agents to its rapidly growing organization with the addition of Mission Brokerage in Richmond, Virginia.

Brokerage 180
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Guaranteed Rate Supports Home Affordability with Public-Partnered Grants

RIS Media

Mortgage servicer Guaranteed Rate is expanding its Fannie Mae and Freddie Mac-backed mortgage products. The company cites this move as demonstrating its “proven commitment to supporting housing affordability.” The HomeReady (offered by Fannie Mae) and Home Possible (administered by Freddie Mac) mortgage grant programs offer a $2,500 non-repayable grant.

Mortgages 124
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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Landlord accounting tips for a smoother tax season

Inman

There are ways to simplify the tax preparation process and stay organized throughout the year, RentRedi CEO Ryan Barone writes, so that when tax time rolls around, it’s smooth.

Agents 154
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Matterport Launches Property Intelligence

RIS Media

Matterport, Inc. has launched Property Intelligence, a collection of AI-powered features that provides customers with access to automated measurements, layouts, editing, and reporting capabilities generated from a Matterport digital twin of their property. These new features bolster the company’s property marketing, design and construction, and facilities management solutions for automating key elements of home listings,… The post Matterport Launches Property Intelligence appeared first on

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Nevada homeseller files yet another commission lawsuit

Inman

Angela Boykin is suing over a home sale from 2022. Her case is the second such recent lawsuit out of Nevada, and adds to the growing number of cases that have followed the Sitzer | Burnett verdict.

Sales 155
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COURT REPORT: DOJ Tips Hand on Decoupling; Moehrl Case Delayed

RIS Media

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. It’s been yet another week of riveting court case drama surrounding the National Association of REALTORS® (NAR) and powerhouse brokerages, in addition to demands by the Department of Justice (DOJ) regarding decoupled commissions… The post COURT REPORT: DOJ Tips Hand on Decoupling; Moehrl Case Delayed appeared first on RISMedia.

Brokerage 114
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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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Jungo and Homebot team up to cultivate mortgage prospects

Inman

Integration of Jungo's CRM solution with Homebot lets mortgage loan officers share real-time data and insights into market trends, interest rates and property values with prospective clients.

Mortgages 149
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New-Home Mortgage Applications Soar as Housing Starts Stumble

RIS Media

The rally in new-home demand isn’t letting up as homebuyers facing inventory challenges on the resale market turned to new construction to realize their homeownership dreams. Mortgage applications for new-home purchases jumped 19.1% in January compared to a year ago and rose 38% month over month, according to the January Mortgage Bankers Association (MBA) Builder… The post New-Home Mortgage Applications Soar as Housing Starts Stumble appeared first on RISMedia.

Mortgages 113
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Truv aims to grow mortgage client base with new integrations

Inman

More lenders can access Truv's income and employment verification services following recent integrations with Dark Matter Technologies, Freddie Mac and nCino.

Mortgages 153
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Leading Index: ‘No Recession in 2024’

RIS Media

The Conference Board Leading Economic Index® (LEI) for the U.S. declined by 0.4% in January 2024 to 102.7, following a 0.2% decline in December 2023. The LEI contracted by 3.0% over the six-month period between July 2023 and January 2024, a smaller decrease than the 4.1% decline over the previous six months. “The U.S. LEI… The post Leading Index: ‘No Recession in 2024’ appeared first on RISMedia.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.