Tue.May 14, 2024

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Majority of recent homebuyers have regrets: survey

Housing Wire

A report released this week by St. Louis-based Clever Real Estate found that recent homebuyers, as well as people who are considering a home purchase in the next year, are experiencing a laundry list of difficulties. Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents. The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025.

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Down payments have doubled in the past 4 years

Real Estate News

The latest data points to some easing, but payments could hit a new peak later in the year. Regionally, payments are down in areas with rising inventory.

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Fidelity CEO says federal government’s title insurance proposals are ’misguided’

Housing Wire

Despite persistently high interest rates , big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. In first-quarter 2024 , Fidelity reported total revenue of $3.299 billion, up from $2.474 billion a year ago. Its net earnings were $248 million, compared to a $59 million net loss in Q1 2023. The firm attributed its stronger results to better performance from both its F&G segment and its title insurance segment.

Title 434
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Realtor.com CEO takes aim at ‘deceptive’ claims

Real Estate News

Damian Eales told Real Estate News that he loves competition but takes issue with Homes.com’s traffic claims and says they have “disparaged” buyer agents.

Agents 227
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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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Steve Resch talks about financial planner relationships for reverse lenders

Housing Wire

Steve Resch, vice president of retirement strategies at leading reverse mortgage industry lender Finance of America , knows a lot about the intersection between the interests of financial planning professionals and reverse mortgage industry members. Financial planners have been, and remain, one of the most sought-after referral partnerships for reverse mortgage professionals to establish ties with.

Equity 406
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Compass scoops up Tennessee’s top brokerage

Real Estate News

The acquisition of Parks Real Estate and its 1,500 agents now makes Compass the biggest brokerage in the state.

Brokerage 221

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Agents say their brokerage has their back amid commission chaos

Inman

The NAR settlement shook the industry, but agents overwhelmingly told the Inman Intel Index they believe their brokerage has been an effective ally. It's a big win for brokerage training efforts.

Brokerage 159
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Reverse appraisal company hires former AAG chief appraiser

Housing Wire

Atlas VMS , the appraisal and valuation company led by Erik Morin , announced this week the appointment of Joe Pravettone as chief appraiser. The company describes the hire as a “significant addition” to its leadership team. Pravettone began his valuation career roughly 25 years ago, starting as an independent fee appraiser and ultimately working for both national appraisal management companies (AMCs) and large financial institutions.

Lending 394
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Thinking of Selling? You Want an Agent with These Skills

Keeping Current Matters

Selling your house is a big decision.

Agents 256
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Better improves loan volume by 25% but remains unprofitable in Q1

Housing Wire

Better Home & Finance Holding Co. , the parent of digital lender Better , strongly improved its mortgage production and revenues in the first three months of 2024. But expenses continued to increase and the company remained unprofitable during the period. Better posted a net loss of $51.5 million from January to March, up from a loss of $50.8 million in the previous quarter and down from a loss of $87.6 million in the same period last year, according to filings with the Securities and Exchan

Loans 397
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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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Sitzer judge indicates his support for proposed NAR settlement

Inman

Judge Stephen R. Bough said payouts and practice changes in NAR's deal, added to those in the Keller Williams, Anywhere and RE/MAX settlements, represent "substantial benefits" for sellers.

Brokerage 159
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Service provider LERETA appoints new CTO 

Housing Wire

Financial services company LERETA appointed Mitch Bledsoe to the position of chief technology officer, the company announced on Tuesday. Bledsoe joined LERETA in 2022 to serve as the senior vice president of enterprise technology. In his new role, Bledsoe will be responsible for the company’s technology innovation, design, infrastructure, application management and data service offerings.

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10 answers to the questions confused sellers are asking now

Inman

The changing real estate landscape and media misinformation are creating confusion for homesellers. Mega-team leader Carl Medford lays out the facts so that you can educate your clients.

MLS 154
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Marcus Skenderian Real Estate Group returns to Compass

Housing Wire

Broker associate Marcus Skenderian is bringing his five-person Marcus Skenderian Real Estate Group back to Compass after spending three years at Coldwell Banker. As part of the move, Skenderian is also opening an office in Laguna Beach, California. The team serves coastal California communities such as Laguna Beach, Newport Beach, Corona Del Mar, Newport Coast, Crystal Cove, Dana Point and more.

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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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2024 will be the year of the automated agent

Inman

Stop worrying that AI will replace you, MoxiWorks' York Baur writes. Start learning to use technology to your advantage by automating low ROI tasks.

Agents 160
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FinLocker raises $17M in Series B funding round

Housing Wire

FinLocker , the St. Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. The investment from Radian Group and existing shareholders will enable FinLocker to introduce a suite of new features and tools designed to optimize the homebuying and homeownership experience.

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Virtual to brick-and-mortar: 5 brokerage models made for 2024

Inman

Take into account the way you like to work, your level of expertise and your desire for collaboration when considering the brokerage model that works best for you and your business.

Brokerage 145
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Three yards and a cloud of dust

Housing Wire

It’s an election year, and housing affordability appears to be a big concern for voters. So, it’s not surprising to see the administration and members of Congress announcing big ticket legislative initiatives to boost homeownership – like a 1 st time homebuyer tax credit and the Neighborhood Investment Act to fix up older homes. The Community Home Lenders of America (CHLA) applauds these initiatives.

FHA loan 339
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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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Zillow now showing buyers how rate changes affect their options

Inman

Powered by mortgage rates from Zillow Home Loans, BuyAbility tool could help listing portal's lending affiliate get a head start on other lenders it competes with for borrowers.

Lending 141
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Bright MLS Releases Latest Mid-Atlantic Housing Update

RIS Media

Bright MLS, which covers the mid-Atlantic regions of the eastern United States, has published its latest report chronicling changes (and continuity) in the region’s housing markets. The report suggests that despite new listings, rising mortgage rates and prices continue to exclude potential buyers–affordability is defined as the central concern for the real estate market. “More… The post Bright MLS Releases Latest Mid-Atlantic Housing Update appeared first on RISMedia.

MLS 122
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A blueprint for building a growth-oriented real estate team

Inman

It is crucial to put together the right team to keep growth going strong in today's real estate world. Here's how The Agency's Tara Scholl-Gettles did it.

Brokerage 144
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What Does It Mean to Be Named RISMedia’s Real Estate Rookie of the Year?

RIS Media

RISMedia’s third-annual 2024 Real Estate Rookie of the Year contest is accepting nominations, honoring the industry’s top agents who are new to the business, yet achieving extraordinary results. Now is the time to nominate a 2024 Real Estate Rookie of the Year! Nominations may be submitted here. Deadline ends 11:59 p.m. on Wednesday, June 5.… The post What Does It Mean to Be Named RISMedia’s Real Estate Rookie of the Year?

Agents 122
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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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Revive’s AI-fueled ‘Neighborhood Report’ vows precise home values

Inman

The pre-sale renovation company's latest use of artificial intelligence could reduce subjectivity the next time a real estate agent prices a home or advises a client, Revive executives said Tuesday.

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Empowering Veteran Homebuyers

RIS Media

Eighty years ago, Franklin Delano Roosevelt signed the Servicemen’s Readjustment Act (colloquially known as the G.I. Bill) into law. This law established programs that continue to serve veterans as they readjust to civilian life and reward them for their service to this country. Eight decades later, one of those programs continues to provide veterans with… The post Empowering Veteran Homebuyers appeared first on RISMedia.

VA loan 121
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NAR seeks innovative real estate startups for 6th annual Pitch Battle

Inman

NAR announced the annual competition on Monday with an appeal for applications from startups seeking an opportunity to pitch themselves to investors, real estate pros and tech enthusiasts.

Investor 130
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Guaranteed Rate Expands Community Engagement Initiative

RIS Media

Guaranteed Rate has announced the next wave of expansion of its Community Engagement Initiative, designed to significantly improve funded volume in underserved communities nationwide. May 2024 marks the formal launch of phase two of this initiative, as the company has recorded rapid progress in its community work with diverse segments. The initiative’s first phase focused… The post Guaranteed Rate Expands Community Engagement Initiative appeared first on RISMedia.

Design 116
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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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Finaya acquires Nexme in bid to create a homebuyer ‘super app’

Inman

The mobile solution merges home shopping with mortgage, insurance, title search and escrow management to offer a comprehensive home transaction experience, among other features.

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Real Estate Farming 101: Getting Started, Why It Matters & How to Succeed

RIS Media

When you hear “farming,” you probably picture livestock, tractors and a big red barn. However, real estate farming refers to a tailored marketing strategy that agents utilize to get the best listing leads. If this term is new to you, let’s delve into what it is, why it’s beneficial and how to execute the strategy… The post Real Estate Farming 101: Getting Started, Why It Matters & How to Succeed appeared first on RISMedia.

Agents 114
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Steps to Prepare a Condominium For Selling

Maximum Exposure Real Estate

Would you like to know how to prepare a condo for sale? Selling a condominium involves more than just posting a “For Sale” sign and listing in the MLS. When done correctly, it’s a strategic process that can significantly increase your property’s marketability and final sale price. I will provide the following advice to help […] The post Steps to Prepare a Condominium For Selling appeared first on Maximum Real Estate Exposure.

MLS 111
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9 Email Ideas to Send to First-Time Homebuyers

BAM Media

If your email subscribers are deleting more of your emails than they read (let alone click through), your emails could be too general. It might sound backwards, but the more you try to appeal to as many subscribers as possible—by making your focus so broad it could apply to almost anyone—the more your open rate tends to sink into oblivion. Imagine throwing flyers from a helicopter.

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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.