Tue.May 02, 2023

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You can’t buy what’s not for sale in the housing market

Housing Wire

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. And there’s another thing that separates the housing market from other markets — the buyer is often also the seller.

Sales 418
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Bob Hale: 50 years at HAR, and the pursuit of greatness

Real Estate News

During his five decades as a member of HAR and 35 years as president and CEO, Hale has driven innovation in his organization and the industry at large.

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Texas trade group, local bank file suit over CFPB small lending rule

Housing Wire

The Texas Bankers Association (TBA), a Texas-based trade group, and Rio Bank , a local bank based in McAllen, Texas, have filed a lawsuit in federal district court against the Consumer Financial Protection Bureau (CFPB). The suit seeks to invalidate the CFPB’s new final rule on small business lending, which, according to the Bureau, fulfills a mandate from Congress and increases transparency while mitigating discrimination.

Lending 416
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Shark Tank star’s advice for 'fellow sharks' in real estate

Real Estate News

Daymond John knocked on the right door to grow the FUBU brand and his own career, with a lot of hustle and a little help from LL Cool J.

Branding 264
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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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Fannie Mae notches $3.8B in Q1 profits

Housing Wire

Earnings at Fannie Mae more than doubled in the first quarter to $3.78 billion despite revenue falling. The government sponsored entity reported $6.85 billion in revenues in the first quarter, down from $7.14 billion in the fourth quarter, attributing the revenue decline to falling amortization income as high interest rates resulted in lower prepayment speeds.

Finance 397
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CoStar’s Andy Florance takes direct aim at Zillow

Real Estate News

The CoStar CEO said that Homes.com’s ‘Your listing, your lead’ model is better for agents and consumers.

Agents 264

More Trending

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Home prices up modestly, with bigger gains in the forecast

Real Estate News

CoreLogic’s home price report for March found that prices in the U.S. increased 3.1% annually, though gains (and losses) varied across the country.

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Go Mortgage names Jessica Manna as chief marketing officer

Housing Wire

Columbus, Ohio-based Go Mortgage has announced the appointment of Jessica Manna as its chief marketing officer. In her new role, Manna will be responsible for overseeing all marketing initiatives and strategies to promote Go Mortgage’s brand further and drive business growth. Manna joins the mortgage lending company with over 20 years of experience in mortgage marketing and branding.

Mortgages 392
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'Extremely challenging' market contributed to eXp's mixed results in Q1

Real Estate News

The cloud-based brokerage reported declines in revenue and transactions, but ended the quarter in the black and boosted agent count.

Brokerage 264
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Old Republic’s Rande Yeager to retire in June

Housing Wire

Rande Yeager, the executive chairman of Big Four title firm Old Republic , is retiring effective June 30, 2023, according to an announcement on Tuesday. Yeager has spent 36 of his 48 years in the title insurance industry at Old Republic. “Rande’s 48 year career in the title insurance industry has been marked by exemplary leadership, strategic vision, and a relentless commitment to advancing the title insurance industry,” Craig Smiddy, Old Republic’s president and CEO, said in a state

Title 392
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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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A Recession Doesn’t Equal a Housing Crisis

Keeping Current Matters

Everywhere you look, people are talking about a potential recession.

Marketing 258
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Snapdocs, Finastra LOS integrate to support Trustmark eClosings

Housing Wire

Snapdocs , a leading digital closing platform for the mortgage industry, has announced a new integration with Finastra ‘s Mortgagebot loan origination system (LOS) to support Trustmark ‘s eClose transformation. With this integration, Trustmark’s lenders nationwide can execute closings in a centralized workflow to drive faster closing times, reduce operating costs and enhance the borrower experience. “Our partnership with Snapdocs further validates our work to create a sol

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Carte Blanche returns to Compass after 3 years with The Agency

Inman

The three-person New York City team is returning to Compass to further expand into luxury markets and take advantage of the company's technology offerings, according to team leader Aaron Seawood.

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Improving a Credit Score to Help Buy a Home

RIS Media

If your credit has taken a bit of a hit, you must make changes to rebuild your score. With a higher credit score, applying for a mortgage with better terms and lower interest rates will be easier. This could give you the credit score needed to buy a house with the terms you want. Increasing… The post Improving a Credit Score to Help Buy a Home appeared first on RISMedia.

Mortgages 145
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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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ChatGPT: The AI assistant you need for your real estate business

Inman

How will new innovations and technologies change the way agents work? Join Jim Dalrymple II and Kent Czechowski as they unpack everything you need to know in this Inman Access class.

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4 Strategies for Finding New Real Estate Clients

RIS Media

The success of any real estate business hinges on the ability to continuously find new clients. According to research, nearly three-quarters of all real estate agents say their No. 1 challenge is getting client leads. Therefore, building a personalized plan to get the clients you need should be an essential part of your overall strategy. … The post 4 Strategies for Finding New Real Estate Clients appeared first on RISMedia.

Agents 122
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What’s the worst part about being a landlord? Zillow found out

Inman

More people are becoming landlords. From making repairs to finding reliable tenants, here's what they had to say about maintaining a rental.

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First Republic’s Fate Sparks Debate on Future of U.S. Banking and Fed Policy

RIS Media

Another variable has been added to the turbulent U.S. banking system equation as First Republic Bank has become the latest casualty in a trend that has many questioning the health of the nation’s banks. While many are reeling following the demise and subsequent sale of the San Francisco-based bank, onlookers and pundits in the real… The post First Republic’s Fate Sparks Debate on Future of U.S.

Banks 120
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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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Be prepared for bad news — and learn how to deliver it to clients

Inman

Bad news is just part of the reality for real estate agents. Here's how to deliver it effectively while ensuring clients are properly prepared and educated.

Agents 158
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Construction Job Openings Trending Lower

Eye on Housing

The count of open, unfilled jobs for the overall economy declined again in March, falling to 9.6 million, after an 11.2 million reading in December, which was the highest level since July. The count of open jobs was 12 million a year ago in March 2022. The count of total job openings should continue to fall in 2023 as the.

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The Agency enters Idaho with new Boise franchise

Inman

Operations at the office, which marks the brokerage's 81st location globally, will be a family affair led by managing partners and couple Mike and Robyn Moir, alongside their daughter and partner Rachel Moir.

Brokerage 158
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19, Broke, and No Credit to 28 Units and Over $1 Million in Real Estate

Bigger Pockets

Over $1 million in real estate with $0 down—at 19 years old!?

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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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From daydreams to dream homes: How Glennda Baker rose to the top

Inman

As a child, Baker and her single mom bounced around rentals until the Georgia resident reached the tenth grade. Now, she helps make the dream of homeownership come true for people every day.

Agents 158
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Demand for Luxury Housing Outpaces Supply Moving Further Into 2023

RIS Media

The luxury housing market in the first quarter of 2023 is currently in the midst of an ongoing re-alignment from its overheated state of the last two years, yet it remains resilient as high-net-worth consumers continue to view real estate as a sound investment. This is all despite gyrations in financial institutions and global governments,… The post Demand for Luxury Housing Outpaces Supply Moving Further Into 2023 appeared first on RISMedia.

As-is 111
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Stricter rules eyed for controversial PACE energy improvement loans

Inman

PACE loans can burden homeowners with higher property tax bills that heighten the risk they'll get behind on their mortgages, federal regulators say.

Loans 158
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What’s the Average California Real Estate Commission Rate?

HomeLight

Most real estate agents in California get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year.

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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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How to use real estate tax credits to boost your investment returns

Inman

Real estate tax credits are incentives provided by governments and municipalities to encourage investment in certain types of real estate projects. Here's how to take advantage.

Investor 158
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Coldwell Banker Takes Home Gold and Silver in Annual Stevie Awards

Coldwell Banker

The brand’s 2022 “Dream” ad campaign and 2022 Trend Report recognized for the valuable data used to guide consumers home and help agents reach new levels of success The post Coldwell Banker Takes Home Gold and Silver in Annual Stevie Awards appeared first on Coldwell Banker Blue Matter.

Agents 107
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What should landlords do — or not do — when tenants are late on rent?

Inman

Should investment property owners be lenient with overdue rent payments? When should landlords start the eviction process? Experts share tips on how to deal with delinquent tenants.

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John L. Scott Announces New Office in Washington State

RIS Media

John L. Scott Real Estate has announced the opening of a new real estate office, Clark County West, located in Ridgefield, Washington. The city has easy access to both Portland and Vancouver, making it a smart location, the company said. Clark County West is strategically positioned to serve the growth and development of regions including… The post John L.

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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.