August, 2023

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Agents: Kenny Parcell’s resignation is the ‘beginning’ of fixing NAR

Inman

Agents and industry leaders said National Association of Realtors President Kenny Parcell's resignation is the first step in making the organization safer for female employees and members.

Agents 183
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Why You May Still Want To Sell Your House After All

Keeping Current Matters

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider.

Mortgages 271
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Logan Mohtashami on CNBC: How rates are impacting supply

Housing Wire

HousingWire Lead Analyst Logan Mohtashami appeared on CNBC‘s Squawk on the Street on Wednesday to talk about the health of the housing market , and more specifically about today’s pending home sales data. Mohtashami explained how demand for existing homes is still trending near 21st-century lows. As long as mortgage rates stay near 23-year highs, Mohtashami believes we will see softness in data.

Mortgages 436
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The United Real Estate M&A Strategies Propelling Its Phenomenal Growth

RIS Media

When you’re one of the chief executives of a real estate company that rockets in size from 139th to 6th in just a few years, you’re clearly doing something right. Or, actually, doing a lot right. Rick Haase, president of United Real Estate, agrees, while also stressing that it is a precise mindset that anchors… The post The United Real Estate M&A Strategies Propelling Its Phenomenal Growth appeared first on RISMedia.

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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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6 Reasons to Market Your Charity Work

National Association of Realtors: Culture Scan

6 Reasons to Market Your Charity Work Content sponsor Real Estate Webmasters explains that this strategy can have a powerful effect on clients and prospects who care deeply for their area.

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Investor Home Purchases Drop 45% in Q2 2023

Realty Biz

Real estate investors are buying 45% fewer homes in the second quarter of 2023 than they were in the same period last year, according to a new report from Redfin. In fact, the report found that investors purchased 19% of all homes sold in the second quarter, down from 32% in the same period last year. This is the lowest level of investor activity since the third quarter of 2020.

Investor 102

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Follow This Home Maintenance Schedule To Keep Your House in Top-Selling Condition

HomeLight

If a pipe bursts in the kitchen, you’re immediately on the phone with a plumber in one hand and scooping water into buckets with the other. But dirty gutters? A leaky faucet? That deep crack in the driveway? It can always be put off until tomorrow; that is, if these issues cross your radar at all. Homeowners procrastinate making necessary repairs for 10 months on average , according to a recent study by Consumer Affairs.

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Investing in the Philadelphia Real Estate Market—Prices & Trends in 2023

Bigger Pockets

Philadelphia made our 2023 top cash flow market list, but a lot has changed since the beginning of the year. With rising rates, is it still worth investing here? Read more to find out.

Marketing 113
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Zillow’s 1% Loans Have Little to Do With Helping First Time Home Buyers

Propmodo

Subscribers Only Newsletter Propmodo’s weekly perspective on commercial real estate and things interesting to real estate executives. Curated by Franco Faraudo. View Archive Become a Subscriber Zillow has become the most popular residential real estate portal in the U.S. They did this by becoming masters of lead generation. Their first big win was their Zestimate, which allowed homeowners and prospective home buyers to see an algorithmically created estimated property value for any home in

Loans 104
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NAR’s Kenny Parcell resigns after sexual harassment allegations

Housing Wire

Two days after a New York Times exposé of alleged sexual harassment and a culture of fear at the National Association of Realtors , President Kenny Parcell announced his resignation. Parcell was called out for alleged sexual harassment by 16 of the more than two dozen current and former NAR employees interviewed by the Times. “I am deeply troubled by those looking to tarnish my character and mischaracterize my well-intended actions,” Parcell wrote in a letter to NAR’s Executive Committee and Boa

MLS 458
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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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NAR president resigns in the wake of sexual harassment allegations

Real Estate News

Just two days after the New York Times published claims of harassment, retaliation and intimidation at the association, Kenny Parcell has stepped down.

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Buyer Traffic Is Still Stronger than the Norm

Keeping Current Matters

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are?

Mortgages 250
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Homebuyer mortgage demand picks up for 1st time in 6 weeks

Inman

After dipping to the lowest level since April 1995, applications for purchase mortgages edge up 2 percent week over week but are still down 27 percent from a year ago as mortgage rates retreat from 2023 highs.

Mortgages 185
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What to Do For Septic System Maintenance

RIS Media

Septic systems are essential for homes not connected to municipal sewage systems. Potential home buyers from properties with public sewers need to know there is a difference. Properly maintaining these systems is crucial to ensure their longevity and prevent costly repairs. Regular septic system maintenance, inspection, and tank pumping can help prevent backups, leaks, and… The post What to Do For Septic System Maintenance appeared first on RISMedia.

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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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Unpermitted Work Threatens Stability of Landmarked Elias Hubbard Ryder House

Brownstoner

Barely visible behind a screen of overgrown trees and shrubbery, the individually landmarked Elias Hubbard Ryder House is in jeopardy after a full vacate order was issued on the building earlier this summer. Unpermitted construction work compromised the footings of a rear sun room, causing a partial collapse and compromising… Read More > The post Unpermitted Work Threatens Stability of Landmarked Elias Hubbard Ryder House appeared first on Brownstoner.

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Pending home sales rose 0.9% in July

Housing Wire

Mirroring the trend for new home sales (+4.4%), pending home sales rose 0.9% in July, according to data released Wednesday by the National Association of Realtors (NAR). Year over year, pending home sales were down 14%, a smaller decrease than the 15.6% annual drop recorded in June. However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%).

Sales 419
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NAR stands with CEO amid turmoil

Real Estate News

NAR leaders affirmed Bob Goldberg as CEO during an emergency meeting days after the association’s president resigned following sexual harassment allegations.

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How Inflation Affects the Housing Market

Keeping Current Matters

Have you ever wondered how inflation impacts the housing market?

Marketing 274
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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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John Davis files a racketeering lawsuit against Keller Williams

Inman

Three months after a Texas judge sent former Keller Williams CEO John Davis' $300 million fraud suit against the franchisor to arbitration, Davis is back with new racketeering claims.

Brokerage 185
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Pending U.S. Home Sales Mixed as Regional Trends Reverse

RIS Media

A mixed report on pending home sales to close out the summer offers a muddled picture of 2023’s slow season, as the forward-looking data on contract signings found transactions varied widely across the country. Overall, pending sales rose 0.9%, with the Midwest and Northeast experiencing decreases as the South and West saw increased signings. “The… The post Pending U.S.

Sales 126
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Karen DeMarco is Finalist for National Association of Realtors® Good Neighbor Award

Coldwell Banker

Online voting honoring community service starts Aug. 31 The post Karen DeMarco is Finalist for National Association of Realtors® Good Neighbor Award appeared first on Coldwell Banker Blue Matter.

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Opinion: The hidden opportunities of high mortgage rates

Housing Wire

A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. While higher rates are generally viewed with dismay, they often are the end result of a strong economy. Case in point, the private sector added 497,000 jobs in June — more than double many economists’ expectations — while compensation climbed 6.4% from a year ago.

Mortgages 415
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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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Maui agents warn of land grabs, disregard for locals

Real Estate News

Following the Lahaina wildfires, "predatory capitalism" has taken hold in the historic community as locals are faced with the decision to rebuild or sell.

Land 283
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Judge kicks Tacoma council’s competing renter protections off ballot

Seattle Times Real Estate

Tacoma voters were set to decide between two competing renters rights measures in November. Now, a judge says only one of those can appear on the ballot.

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As NAR scandal unfolds, keep up with Inman’s latest coverage here

Inman

From Janelle Brevard's harassment suit to the fallout that ensued following the resignation of National Association of Realtors president Kenny Parcell, stay up to date with NAR coverage here.

MLS 180
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Mortgage Rates Take a Breather This Week

RIS Media

While still lingering around the 20-year-high level, the 30-year fixed-rate mortgage (FRM) averaged 7.18%, down just a bit from last week’s 7.23%, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 7.18% as of August 31, 2023, down from last week when it… The post Mortgage Rates Take a Breather This Week appeared first on RISMedia.

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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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How Much Does Home Staging Cost? 5 Ways to Save Money and Still Turn Your House into a Showcase

HomeLight

Why do you think model homes sell so fast?” asks Laura Sanders , a 21-year veteran real estate agent in Coral Springs, Florida. “It’s because they’re staged. Sellers get the money they spend back and they sell quicker.” The stats validate that you’ll increase your odds of a quick, high-offer sale if you opt to stage your home. According to HomeLight’s Summer 2023 Top Agent Insights Report, well-staged homes sell for 18% more on average.

Staging 113
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Mortgage rates drop but still at 22-year high

Housing Wire

Mortgage rates ticked down modestly after job openings data for July came out yesterday, but rates remain elevated. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Aug. 31, down from last week ’s 7.23%. By contrast, the 30-year fixed-rate mortgage was at 5.66% a year ago at this time.

Mortgages 410
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Buyers will drop agents who aren't showing their value

Real Estate News

A survey of buyers found that trustworthiness and the ability to provide high-value services were key to landing — and keeping — them as a client.

Agents 259
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Where Your Investments Are Safest (and Least Safe) From Natural Disasters

Bigger Pockets

As Hurricane Idalia barrages the Florida coastline, we've found the cities with a lower level of risk from natural disasters compared to the most at-risk markets.

Marketing 117
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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.