August, 2024

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Pending starter home sales soar as first-time buyers return to market

Inman

Pending sales of starter homes surged 10.2 percent in July, reaching their highest point since October 2022 as mortgage rates began to decline, according to data released Monday by Redfin.

Sales 176
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NAR, Move named in new lawsuit alleging sale of fake leads

Housing Wire

The National Association of Realtors (NAR) is facing yet another lawsuit. The latest complaint, which is seeking class-action status, was filed on Friday by eight real estate agents in Los Angeles County Superior Court. The suit claims that NAR, along with Move Inc., Move Sales , OpCity Acquisitions , OpCity Inc. and REA Group Ltd. — which, according to the complaints, are all wholly owned subsidiaries of Move and News Corp , who is also a defendant — defrauded agents by selling them fake lead

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Michigan agents sue NAR over mandatory membership rule

Real Estate News

The plaintiffs say they shouldn’t have to join NAR and other associations to access the MLS, especially if buyer-broker compensation is no longer guaranteed.

MLS 337
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What Is Probate in Real Estate?

RIS Media

Probate in real estate refers to the legal process of transferring property after a homeowner’s death. This process involves validating the deceased’s will, settling debts and distributing assets to heirs. Understanding probate is crucial for buyers, sellers and inheritors of real estate. Understanding estate planning for the family should never be overlooked.

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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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Locals Call on Pol to Reduce Arrow Linen Rezoning, Back Fully Affordable Build

Brownstoner

As the controversial rezoning proposal for Arrow Linen’s site in Park Slope moves through the city process, advocates for a shorter, more affordable housing development say they have found a developer willing to build one. Their vision, they say, could yield more apartments than what is currently planned by Arrow Linen… Read More > The post Locals Call on Pol to Reduce Arrow Linen Rezoning, Back Fully Affordable Build appeared first on Brownstoner.

More Trending

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Better pay and more time off: What agents really want this Labor Day

Inman

Do we still want to work like it's 1999? No, that's why agents need to ask themselves what they really want their work, life and compensation to look like moving forward, Rachael Hite writes.

Agents 178
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Feeling the squeeze: NAR settlement terms trigger commission compression

Housing Wire

Although the industry is barely than a week into the “ new normal ,” some real estate agents and brokers are already seeing smaller buy-side commissions. “It kind of started before the [ National Association of Realtors ] settlement went into effect, but commission compression is a real thing,” Brian Huskey, the broker-owner of Montana-based ERA American Real Estate , said.

Brokerage 506
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Gary Keller on winning in a market that’s ‘as bad as it gets’

Real Estate News

The Keller-Williams co-founder told a crowd of the faithful that he sees a soft landing for the economy and success for agents who are ‘ready to jump’ in 2025.

Land 318
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Understanding the Home Mortgage Payoff Process: A Complete Guide

RIS Media

Paying off a mortgage is a momentous financial achievement. It can happen during the process of selling a home or before. During a sale, homeowners often ask me when they should stop paying a mortgage. My guide will walk you through the entire process, from understanding your mortgage terms to updating your records. I will… The post Understanding the Home Mortgage Payoff Process: A Complete Guide appeared first on RISMedia.

Mortgages 140
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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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Affordable Housing Lottery Opens for Gowanus Canal Towers With $784 Studios

Brownstoner

One of the first luxury towers to benefit from the Gowanus rezoning is nearly complete and has launched an affordable housing lottery as well as market-rate rentals. The affordable housing lottery opened today for the towering complex at 420 Carroll Street, right on the banks of the canal, with studio units… Read More > The post Affordable Housing Lottery Opens for Gowanus Canal Towers With $784 Studios appeared first on Brownstoner.

Banks 122
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Lynnwood light rail route brings a housing boom

Seattle Times Real Estate

The four newest Link light rail stations north of Seattle have been magnets for apartment construction, with more than 10,000 units finished or underway.

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July inflation reading trims the odds of a big September rate cut

Inman

PCE price index shows inflation continued to cool in July, but at a gentle enough pace that Fed policymakers are now seen as likely to only bring rates down by a hair in September.

Mortgages 143
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Lower mortgage rates are slowing down inventory growth

Housing Wire

Have lower mortgage rates already started to slow down housing inventory? I have a simple weekly growth model with the Altos inventory data: when rates are high, over 7.25%, inventory should grow between 11,000-17,000 weekly. This has happened six times this year and even though that would be an average inventory growth level with higher rates, it didn’t happen even once last year.

Mortgages 516
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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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Move accused of selling ‘fake leads’ in class action lawsuit

Real Estate News

Agents from six states allege that the parent company of Realtor.com sold dubious leads, and said NAR — also a defendant — was “complicit” in the scheme.

Agents 298
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Tips for a Smooth Move After a Summertime Home Sale

RIS Media

Would you like excellent moving tips for the summer? Moving after selling your home in the summer can present unique challenges and opportunities. The warm weather, peak moving season and specific logistical considerations all play a role. My guide will teach you to manage these factors effectively to ensure a seamless transition. I will provide… The post Tips for a Smooth Move After a Summertime Home Sale appeared first on RISMedia.

Sales 136
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Agents File Lawsuit Against Move for Selling “Fake Leads”

BAM Media

Join us at BAM Mania October 17-18 for actionable insights from industry legends, proven strategies for marketing that puts people before algorithms, and addictive entertainment from the funniest people in real estate. Vegas will never be the same. Sign up now before the ticket price goes up. BAM Key Details: On Friday, August 23, eight Realtors filed a lawsuit against Realtor.com’s parent company, Move.

Agents 122
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WA joins antitrust suit against rent-setting software firm RealPage

Seattle Times Real Estate

Washington Attorney General Bob Ferguson’s office estimates that landlords have used the software to set rents for 800,000 Washington leases since 2017.

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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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LPT Realty rolls out ‘Buyer Power Tools’ resource for agents, clients

Inman

The Florida-based brokerage's buyer-focused marketing and educational resources are made for agents in need of assistance as they pitch buyer representation services, executives told Inman.

Agents 182
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Will the NAR settlement changes slow down home-buying?

Housing Wire

It’s been one week since the NAR settlement changes went into effect. Did the changes affect any of the housing data we track every week? Since the buyer’s commission payout isn’t as transparent as before, I have been anticipating delays in the home-buying process as people adapted to the new rules. The last time we saw this kind of effect was when mortgage lenders had to start incorporating TRID in 2015 — it created a one-month crash in existing home sales because it just took a bit longe

Mortgages 497
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Flat-fee brokerage sues NAR, alleges steering

Real Estate News

Homie says the defendants — NAR, 4 top brokerages and a Utah MLS — conspired to control competition in the industry and steered buyers away from its listings.

Brokerage 286
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Seasonal Home Selling Tips: How to Prepare Your Home for Sale in Any Season

RIS Media

Selling a home can be challenging, but with the right seasonal strategies, you can make your property stand out. Whether it’s fall, winter, or the holiday season, tailoring your home to the time of year can attract more buyers and potentially speed up the sale. I have put effort into giving you the best advice… The post Seasonal Home Selling Tips: How to Prepare Your Home for Sale in Any Season appeared first on RISMedia.

Sales 142
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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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The 9 Best Remodeling Tips to Follow

Realty Biz

Embarking on a home renovation project can be both exciting and overwhelming. Whether you're updating your living space for personal enjoyment or to boost its resale value, careful planning and execution are essential. The multitude of choices and decisions involved can feel daunting, but don't worry! Here are eight essential tips to help guide you through your home remodeling journey by experts in their fields.

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Renton to review reparations case over school district’s 1968 land purchase

Seattle Times Real Estate

Renton resident John Houston is seeking financial restitution for the land he said his parents were pressed to sell to the Renton School District more than 50 years ago.

Land 137
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Realtors file suit against Move, NAR over ‘fake leads’ scheme

Inman

Eight Realtors are seeking class action status in their lawsuit against Realtor.com for allegedly selling unvetted and fraudulent buyer and seller leads. This is the third lawsuit against Realtor.com and parent company Move over its lead gen business.

Agents 182
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Mortgage rates drop to lowest level of 2024

Housing Wire

The average 30-year fixed-rate mortgage dropped to 6.62% on Thursday, a new low for 2024 that appears to be tied to the expectation that the Federal Reserve could move to cut interest rates at its next meeting in September. This is according to data reported by Mortgage News Daily. On Wednesday, Fed Chair Jerome Powell indicated that a rate cut is a possibility after the September meeting if economic data continues to trend in the right direction.

Mortgages 516
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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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Nick Bailey returns to real estate leadership in new capacity

Real Estate News

The former CEO of RE/MAX and Century 21 says he will apply his experience helping franchise owners to his new role in real estate consulting.

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What Happens to the Mortgage When You Sell Your House?

RIS Media

Selling a home with an existing mortgage involves several crucial steps. My easy-to-understand guide will walk you through the entire process. In my article, you will learn the following information: Steps to sell a house with a mortgage Managing equity and dealing with negative equity Legal and tax considerations for home sellers From almost forty… The post What Happens to the Mortgage When You Sell Your House?

Mortgages 136
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A Fishy Musical Tale of Toxicity to Debut on the Gowanus Canal

Brownstoner

From the murky waters of the Gowanus comes a tale of toxicity in song, with a new musical set to debut on the contaminated waters this month. Taking inspiration from the history of the waterway, the story of displacement and pollution will be staged from the shores and on the… Read More > The post A Fishy Musical Tale of Toxicity to Debut on the Gowanus Canal appeared first on Brownstoner.

Staging 122