Wed.Mar 01, 2023

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Fannie Mae: Appraisals are no longer the default option

Housing Wire

Fannie Mae updated its Selling Guide on Wednesday to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Those options include value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. “We are on a journey of continuous improvement to make the home valuation process more efficient and accurate.

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An Expert Makes All the Difference When You Sell Your House

Keeping Current Matters

If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you. Here are five reasons working with a professional can ensure you’ll get the most out of your sale.

Sales 244
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Higher mortgage rates dim hope for a busy spring housing market 

Housing Wire

Higher mortgage rates have zapped mortgage demand, as buyers are having second thoughts about purchasing homes. Mortgage applications for home purchases dropped 6% for the week ending February 24 from the previous week, according to the Mortgage Bankers Association ’s seasonally adjusted index. Mortgage demand was also 44% lower than the same week a year ago, and is now sitting at a 28-year low.

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Brokerage Beat: The Agency, BHGRE, JPAR and EXIT expand

Real Estate News

The Agency extends global reach, BHGRE adds two affiliates, JPAR comes to the Bay Area, EXIT aims for "aggressive growth," KW agent opens boutique brokerage.

Brokerage 226
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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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Agency MBS market is facing a supply-side threat

Housing Wire

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. That’s the takeaway from a recent market report by the Amherst Group , a real estate investment firm based in Austin, Texas.

Marketing 384
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Agents Decoded: How to grow your sphere of influence

Real Estate News

Building your SOI is critical to long-term success in real estate. Veteran agent Jay Thompson offers practical tips for growing and nurturing your sphere.

Agents 215

More Trending

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Why a market correction in the U.S. could have global effects

Real Estate News

A new report by the Dallas Federal Reserve said that "frothiness" in the real estate marketplace could lead to a "deep global housing slide.

Marketing 192
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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

For decades, the housing industry has viewed climate risk as a fairly straightforward issue. You build the home to code. You use the right comps to appraise it. You check the 100-year floodplain determination box during origination. Job’s done – the rest can be handled by the property and casualty folks. Recently; however, that perspective has begun to fade as the frequency and severity of these ‘once-in-a-lifetime’ events has continued to increase, each one causing more damage than

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Woulda, coulda, shoulda… the most common regrets of first-time sellers

Real Estate News

A Zillow survey found that incorrect pricing topped the list of seller regrets — underscoring the need for agents to help set clear expectations.

Agents 178
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Opteon expands its direct-to-consumer appraisal offerings

Housing Wire

Opteon , a Scottsdale-based appraisal, valuation, advisory, and property services provider, has expanded its direct-to-consumer business model nationwide, the company announced on Wednesday. The goal of the expansion is to provide homeowners and buyers, along with real estate, legal, and tax professionals, the option to order an appraisal directly through Opteon’s services, according to a statement from the company. “Through this expansion, we’re solidifying our commitment to o

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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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‘Go big or go home’: Opendoor’s high-stakes bid to disrupt real estate

Inman

With billions saved — and lost — Opendoor is living by the creed "go big or go home." Yet even after a dreary Q4, the iBuyer persists, which may be the biggest takeaway, Mike DelPrete writes exclusively for Intel.

Brokerage 159
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Truework platform adds automation feature to Encompass

Housing Wire

Income verification platform Truework has added its automated service ordering feature to Intercontinental Exchange (ICE) Mortgage Technology ’’s loan origination system Encompass. The integration is now built on the latest Encompass Partner Connect application programming interface (API) platform and is available through ICE Mortgage Technology , Truework said Wednesday.

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2 more Tampa-area teams join eXp Realty after Kendall Bonner Team

Inman

With their moves to eXp, the two teams have decided to merge under the Tampa Bay Home Team banner and will also strategically collaborate with the Kendall Bonner Team across the greater Tampa market.

Marketing 148
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Polly adds Total Expert to its API integration roster

Housing Wire

San Francisco-based SaaS technology provider Polly on Monday announced its API integration with Total Expert, a customer engagement platform purpose-built for financial institutions. Through this API integration, users can populate MLS and non-MLS rate flyers in a short period of time using “real-time, scenario-specific mortgage offers” delivered through Polly’s cloud-native Product and Pricing Engine (PPE), according to a prepared statement.

MLS 370
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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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Keller Williams welcomes back another multimillion-dollar team

Inman

After a nine-month stint with Real, the Orlando-based Ken Pozek Group has returned to Keller Williams. The 21-agent team closed $322 million in sales in 2021 and 2022.

Closing 148
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UWM reports financial loss in Q4 but expects margins to rise in Q1

Housing Wire

The financials are all red for the top U.S. mortgage lenders for the fourth quarter of 2022. United Wholesale Mortgage (UWM) reported on Wednesday morning an unprofitable quarter, the day after Rocket Companies disclosed its most significant quarterly loss in company history to the market. UWM, the top U.S. wholesale lender, maintained flat gain-on-sale margins relatively in the fourth quarter of 2022, despite competitive pricing initiatives.

Principal 369
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11 FREE tools for stunning social media graphics on a budget

Inman

Whether you're looking to quickly make easy graphics or informative and engaging content, these free tools offer a wide range of features to help you elevate your social media presence.

Design 142
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How to Generate Leads From Third-Party Real Estate Websites

Realty Biz

At least 3 million people in the US hold real estate licenses. 1.6 million of those people actively work as realtors. While the housing market has been booming in recent years, the number of active agents creates some real competition for those hoping to help you sell your house or buy a new one. One of the challenges for real estate agents is finding third-party real estate leads that help fuel their careers.

Land 117
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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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‘We can be 200K agents worldwide’: Nick Bailey casts bold vision for RE/MAX’s 50th

Inman

RE/MAX founder Dave Liniger and CEO Nick Bailey cemented the Denver-based franchisor's 2023 R4 conference with personal keynotes reflecting on RE/MAX's past and hopes for its future.

Agents 142
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Demand for Real Estate VR and AR Soaring in 2023

Realty Biz

Among the major trends disrupting real estate technology in 2023, you can expect real estate VR (virtual reality) and AR (augmented reality) to soar. The demand for VR and AR aligns with the customer demand for quality images, floor plans, virtual tours, or live video during the pandemic lockdown when physical open house practices were on hold for months and realtors had to turn to technology and the Internet to present their properties.

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Howard Hanna merges with New York-based Coach Realtors

Inman

The new partnership will see Howard Hanna further extend its reach into New York. Meanwhile, Coach will rebrand to include the Howard Hanna name.

Brokerage 148
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Homeownership Terms to Know: Pre-Approval, Pre-Qualification & More

Windemere Buying

Throughout the home buying process, you’ll encounter several checkpoints. At every stop, you’ll get closer to the ultimate goal of purchasing your next home. Each one satisfies unique criteria required to become a homeowner, and each one has its own terminology. Before you begin your home buying journey , it’s helpful to know about pre-approval, pre-qualification, and proof of funds, and the role they play in a real estate transaction.

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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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The no-nonsense guide to bootstrapping a real estate business

Inman

Think DIY is just for newbies to the real estate industry? Find out how you can bootstrap aspects of your business at any point — and how to decide which skills you bring to the table.

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Fannie Mae Announces Alternatives to the Traditional Appraisal

Broke Agent Media

BAM Key Details: On March 1, Fannie Mae updated its Selling Guide. Among the updates is changes to valuation modernization. Fannie Mae states it is “transitioning to a range of options to establish a property’s market value.” Home appraisals have long been an issue of debate within the real estate industry. And many on both sides of the industry agree: the process is far from perfect.

MLS 98
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Proptech has reached an inflection point. So, like, what happens now?

Inman

Disruptive sales models, lead aggregators and search products have transformed proptech into a true marketplace while freeing venture capitalists up to become more than mere power brokers.

Sales 126
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How to Survive Real Estate in 2023 and Beyond

Broke Agent Media

You may have read my recent post about why 2023 is the year you quit real estate. It might have sounded harsh, so I’m following up with some insight into why it’s true— and what you can do to survive real estate this year if you genuinely think you have it in you. Recently, a friend asked me what I thought about the idea of her getting into real estate.

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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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The time a typical homeowner stays in one place just got a little shorter

Inman

Migratory waves over the past three years due to the pandemic have caused homeownership tenure to decline modestly, but an uptick is expected thanks to a rise in mortgage rates, Redfin data shows.

Mortgages 124
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Hold an Open House to Increase Your Odds of Getting Burglarized

Maximum Exposure Real Estate

Open Houses Are Magnets For Crime One thing far too many real estate agents don’t tell sellers about is theft at open houses. Unfortunately, open house thefts are a common occurrence. When trying to sell your home, you probably expect your real estate agent to hold at least one open house. After all, you have […] The post Hold an Open House to Increase Your Odds of Getting Burglarized appeared first on Maximum Real Estate Exposure.

Agents 98
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Here are the top regrets for US homesellers: Zillow survey

Inman

Eighty-four percent of recent first-time homesellers over the past two years believe they could have sold their homes for a higher price if they had made better decisions.

Marketing 123
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Houses at The Lake: Considerations When You Buy

Maximum Exposure Real Estate

What to Know About Lake Houses For Sale Are you looking for lake houses for sale? Houses for sale with lakefront are often a hot commodity. Many dream of living on the water, whether a lake or an ocean. Lakefront homes fit a lifestyle choice that is incredibly exciting for many people. However, thinking rationally […] The post Houses at The Lake: Considerations When You Buy appeared first on Maximum Real Estate Exposure.

Sales 98
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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.