Mon.Nov 11, 2024

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Zillow’s mortgage business is growing. Lenders beware

Housing Wire

Zillow is moving full speed ahead with an ambitious expansion of its mortgage business, leveraging its housing tech innovations to potentially reshape how modern homebuyers finance homes. In its third-quarter earnings report, Zillow Home Loans revealed an impressive data point: mortgage revenue increased 63% year over year in the third quarter to $39 million, which is primarily due to an 80% year-over-year increase in purchase loan origination volume to $812 million.

Mortgages 432
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The Majority of Veterans Are Unaware of a Key VA Loan Benefit

Keeping Current Matters

For over 79 years, Veterans Affairs (VA) home loans have helped countless Veterans achieve the dream of homeownership.

VA loan 320
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The future of the MLS may be murky, but brokers still want the data

Housing Wire

As a panel of real estate leaders gathered to discuss the future of the MLS at the National Association of Realtors ‘ NXT conference in Boston, Errol Samuelson , Zillow ‘s chief industry development officer, found himself and his company in a bit different standing than usual with the audience of several hundred agents and brokers. “The MLS is so incredibly pro-consumer.

MLS 369
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Group investing solution Fractional raises $15M

Inman

Fifth Wall led Fractional's funding, which brings its total funding to date to $20.55 million. The funds will be used to expand the product, hire and broaden its education initiatives.

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Welcome to the Future of Hospitality: Smart Rooms Start Here

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

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Better introduces VA refi loan with no appraisal or closing costs

Housing Wire

New York-based digital mortgage lender Better.com launched a streamline refinance loan product on Monday that aims to help military veterans and service members save money on long-term interest expenses and closing costs. Better is now offering the well-known Interest Rate Reduction Refinance Loan (IRRRL) through the U.S. Department of Veterans Affairs (VA).

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States are making ADUs easier to build. Now it’s up to municipalities to follow suit.

Housing Wire

The national housing shortage, the benefits of increased density, an ongoing shift in consumer tastes toward smaller homes closer to where the urban action is, and other factors have pushed state legislators to make it easier to build accessory dwelling units. In 2024 alone, Colorado, Arizona, Massachusetts, and Hawaii passed major ADU legislation, and California added several laws to open the doors wider for ADU s.

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$20M Waterfront Miami house with direct access to Biscayne Bay is “a boater’s dream”

Fancy Pants Homes

Casa Exumas, a modern tropical residence with direct access to Biscayne Bay is on the market in Miami’s prestigious Bay Point neighborhood — hailed as the only true gated community on Miami’s East side with no public access. The price tag? A cool $19,750,000. Baked into the price: a highly desirable waterfront location, bragging rights to living in one of Miami’s most exclusive gated communities, an endless list of high-end amenities, and the finest finishes and design touches

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Housing market pauses for election

Housing Wire

Inventory, new listings, sales, and prices all dipped this week. The autumn seasonal decline is upon us. The election took up a lot of peoples’ lives last week, and that obviously delayed some listing and sales activity, plus we’ve had spiking mortgage rates. It’s actually not uncommon for housing activity to dip for the first week of November and rebound a bit in the following week.

Marketing 384
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NAR seeking outside help to get ahead of antitrust issues

Real Estate News

CEO Nykia Wright said she is also engaging a chief human resources officer, as well as a special advisor to help re-establish broker relationships.

As-is 294
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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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Despite everything, NAR hasn’t lost many members (and its budget reflects that)

Housing Wire

The headlines might suggest that National Association of Realtors (NAR) members are struggling to find common ground on many issues. But any hint of division was nowhere to be seen during Monday morning’s NAR Board of Directors meeting. According to NAR president Kevin Sears , 886 directors attended the meeting at the NAR NXT annual conference in person, with another 100 directors attending virtually.

As-is 294
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What Does A “Power Of Sale” Listing Look Like?

Toronto Realty Blog

TorontoRealtyBlog The real estate agents reading this blog might relate to the following story, so here goes… The phone rings one day and there’s a voice on the other end of the line with an underlying tone or attitude that can be at opposite ends. Sometimes, it’s sheepish and nervous. Other times, it’s brimming with bravado and confidence.

Sales 103
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5 Things to Do Before the End of the Year to Start 2025 Strong

BAM Media

“What gets measured gets managed.” Too often, we dive into fixing aspects of our business without taking the time to reflect on and evaluate what we did before. When we do this, we’re going in somewhat blind by not using the insights around what did (or didn’t) work previously! By understanding what actually happened, you gain the power to shape what will happen and steer your future efforts with intention and clarity.

Agents 98
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City Planning Chair Asks About Affordable Housing, Height at Arrow Linen Hearing

Brownstoner

After a series of contentious public hearings on the controversial Arrow Linen rezoning, more than two dozen Park Slope, Windsor Terrace, and surrounding locals waited for hours on Wednesday at a City Planning Commission meeting to have their voices heard. The proposal calls for two mixed-income buildings at a minimum… Read More > The post City Planning Chair Asks About Affordable Housing, Height at Arrow Linen Hearing appeared first on Brownstoner.

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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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Tech Bytes: News from Cloze, JobSnap/KW Collective, Rechat

Real Estate News

Cloze hires growth-focused exec to focus on partnerships, JobSnap offering agents a way to connect with service providers, Rechat partners with Pacific SIR.

Agents 263
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Flatbush Row House With Eight Mantels, Pass-Through Asks $2.295 Million

Brownstoner

Lush with woodwork, this Flatbush row house contains an extensive list of period details, not limited to mantels, wainscoting, stained glass, and an intact pass-through. At 28 Clarkson Avenue, just a short stroll from Prospect Park, it hasn't changed hands in decades. Recent updates include a new furnace. The bow-front… Read More > The post Flatbush Row House With Eight Mantels, Pass-Through Asks $2.295 Million appeared first on Brownstoner.

Marketing 105
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Watch Months-of-Supply!

Calculated Risk Real Estate

Both inventory and sales are well below pre-pandemic levels, and I think we need to keep an eye on months-of-supply to forecast price changes. Historically nominal prices declined when months-of-supply approached 6 months - and that is unlikely any time soon - however, as expected, months-of-supply is above 2019 levels. Months-of-supply was at 4.3 months in September compared to 4.0 months in September 2019.

Sales 72
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Compass CEO Robert Reffkin: Zillow will be the national MLS

Inman

Reffkin continued his campaign against the Clear Cooperation Policy at the National Association of Realtor's annual NAR NXT conference during a "Future of the MLS" session Friday.

MLS 183
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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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Most Veterans Still Aren’t Aware of Their Loan Benefits

BAM Media

In honor of Veterans Day, Realtor.com® released a report showcasing the benefits that VA loans offer to military families. The numbers underscore the power of this benefit: over the past year, 83.5% of homes purchased with VA loans involved down payments of less than 10%, and 74.5% purchased with 0% down—a standout feature of VA loans. What is surprising, however, is that only 3 in 10 Veterans are aware they can purchase a home with zero money down. “Despite the significant advantages pr

VA loan 52
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Brokerages expect rates to drop. Their clients bank on the opposite

Inman

Potential real estate clients are growing less responsive to mortgage-rate dips, one of several key takeaways from the results of the latest Inman-Dig Insights consumer survey.

Banks 178
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How Hybrid Work is Reshaping the Real Estate Industry

C4D Crew

The shift to hybrid work—a model where employees split their time between working remotely and in the office—is transforming various sectors, including real estate. Residential real estate, in particular, has seen major impacts as hybrid workers seek homes that fit a new lifestyle. Hybrid work has allowed individuals to reconsider where they live, with factors like home office spaces, quality of life, and affordability playing a more significant role than commuting distance.

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How real estate pros can adapt and prepare for the silver tsunami

Inman

Serving seniors starts with understanding their needs, desires and wants in real estate, and in terms of their lifestyle and goals, Engel & Völkers Americas' Stuart Siegel writes.

Agents 167
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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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How to Sell My House Fast in Macon, GA: Cash Offer Options

HomeLight

Whether you’re ready for a new adventure or facing unforeseen circumstances, selling your Macon home quickly can be a key step toward a new chapter in life. As a homeowner in the Heart of Georgia, you may be looking for a swift and stress-free transition, but don’t know what specific steps to take. In this guide, we’ll explore your best options for a fast home sale in Macon, from laying out the pros and cons of immediate cash offers to the valuable benefits a top real estate agent can prov

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2025 leadership team takes over at California Association of Realtors

Inman

The California Association of Realtors has installed its 2025 team, including a new president, president-elect and treasurer. The leaders will work alongside CAR CEO Phil Hawkins for the next year.

MLS 166
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The BAMMYs 2024: Cast Your Vote for the Best Real Estate Content of the Year

BAM Media

BAM is gearing up for our final event of the year — the BAMMYs ! BAMMYs Wednesday, December 11, 2024 2:00 pm EST / 11:00 am PST Join us as BAM co-founders Byron Lazine and The Broke Agent host the BAMMYs, where we’re handing out the ACTUAL most-coveted awards in real estate. And here’s the twist: YOU hold the power. This isn’t a pay-to-play game; it’s your nominations and live votes that decide who walks away a BAMMY winner.

Agents 52
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3 secrets to branding (psst … it’s not really about you)

Inman

What’s in a brand? In real estate, a brand is essentially how someone feels about you or your product based on their feelings, associations and experiences.

Branding 158
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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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New Freddie Mac Report Basically Says There’s Never Been a Better Time to Invest in Real Estate

Bigger Pockets

According to government-backed housing lender Freddie Mac, there are currently 30 renter households for each house for sale.

Investor 124
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Why your brokerage needs a data warehouse for Q4 and beyond

Inman

Data is the key to staying ahead in today's competitive real estate market. The ability to gather, organize and interpret information efficiently can make or break a brokerage's profitability.

Brokerage 158
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Mortgage product choice dips in blow for buyers

Estate Agent Today

Mortgage rates may be dropping but product choice has also fallen for homebuyers. Data from comparison website Moneyfacts shows mortgage product choice has reduced by the largest amount in more than a year so far in November, with the average shelf-life of a mortgage also dropping from 21 to 17 days.

Mortgages 115