January, 2024

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Blooming Success: Essential Tips for Selling a Home in the Spring

RIS Media

Spring is a season of renewal and blossoming flowers and a prime time for the real estate market. As nature awakens, so does the housing market. It presents the best opportunities for those looking to sell their homes. We will explore expert spring home selling tips, taking advantage of the season’s vibrant energy and heightened… The post Blooming Success: Essential Tips for Selling a Home in the Spring appeared first on RISMedia.

Marketing 139
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Housing demand rises as inventory falls

Housing Wire

Housing demand is up and it’s time to track the spring housing data and see what the selling season will bring. As I always stress, we are working from the lowest bar ever with demand, so let’s add historical context to the data. But, even with mortgage rates higher this year than last year, demand is rising. Purchase application data As we get closer to the end of the first month of 2024, forward-looking purchase application data looks good.

Mortgages 520
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Twenty Two Mistakes to Avoid as a First-Time Buyer

Maximum Exposure Real Estate

Do you know the most common first-time home buyer mistakes? You probably feel overwhelmed if this is your first time buying a house. There is a lot to learn, and it can feel like a bit of a juggling act—which can be hard to do when you’ve never juggled before. Fortunately, plenty of people have […] The post Twenty Two Mistakes to Avoid as a First-Time Buyer appeared first on Maximum Real Estate Exposure.

As-is 123
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NAR President Tracy Kasper, facing blackmail threat, steps down

Real Estate News

Kasper had been in the role for just over four months following the resignation of former president Kenny Parcell. Kevin Sears is taking over as president.

As-is 324
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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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Thinking About Buying a Home? Ask Yourself These Questions

Keeping Current Matters

If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market.

Marketing 299
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NAR President Tracy Kasper resigns, alleges blackmail

Inman

The National Association of Realtors' leader said she recently received a "threat to disclose a past personal, non-financial matter unless she compromised her position at NAR.

MLS 199

More Trending

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Mortgage rates, inventory and demand rise as price cuts fall

Housing Wire

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. Traditionally at this time of year purchase apps rise and the number of price cuts fall. However, at the current trend, we will break below the lows in the price cut percentage data that we saw in 2023 in the spring of this year. I will watch for rising mortgage rates to see if they change the weekly data.

Mortgages 541
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Kenmore’s canceled affordable housing project draws sharp criticism

Seattle Times Real Estate

Plymouth Housing — which operates permanent supportive housing for nearly 1,200 people — said it’s never come so far on a project to have it end so suddenly.

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Meet the reporter whose NAR story rocked the industry

Real Estate News

New York Times journalist Debra Kamin talked to Real Estate News about the response to her investigations, why her eXp story “hit differently,” and what’s next.

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Update: The Housing Bubble and Mortgage Debt as a Percent of GDP

Calculated Risk Real Estate

A year ago, I wrote The Housing Bubble and Mortgage Debt as a Percent of GDP. Here is an update to a couple of graphs. The bottom line remains the same: There will not be cascading price declines in this cycle due to distressed sales. In a 2005 post , I included a graph of household mortgage debt as a percent of GDP. Several readers asked if I could update the graph.

Mortgages 132
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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.

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NAR, KW and HomeServices seek new trial in Sitzer | Burnett suit

Inman

The defendants point to "legal errors at trial" they say justify setting aside the jury's historic, multi-billion-dollar verdict and giving the defendants another chance to make their case in court.

MLS 193
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Frequently Asked Questions About Home Appraisals

RIS Media

One of the most essential steps when buying a house or refinancing your existing home is the appraisal. Appraisals can make or break a real estate transaction. Appraisers have significant power in the role they perform for a mortgage lender. After all, their word is gospel. Given their importance, they must be accurate with their… The post Frequently Asked Questions About Home Appraisals appeared first on RISMedia.

Mortgages 141
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Fewer homes will take a price cut in spring 2024

Housing Wire

Will the number of homes that take a price cut this year drop below 2023 levels? Yes! If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. I believe this was the most overlooked housing story of the last year because even as mortgage rates rose all the way to 8% , the home price cut percentage data was always about 4% lower year over year.

Mortgages 542
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Building Black futures in Seattle, with concrete, steel and glass

Seattle Times Real Estate

Africatown Community Land Trust is building affordable housing in Seattle's Central District, while intentionally supporting construction companies run by people of color.

Land 133
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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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SP 200: Real estate’s top leader, and a demographic shift

Real Estate News

Anywhere’s Ryan Schneider has been named the most powerful person in this year’s rankings of residential real estate’s movers and shakers.

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Affordable Housing Lottery Opens for Fort Greene Apartments Starting at $910 a Month

Brownstoner

An affordable housing lottery has launched for 87 apartments in a new development on Fort Greene’s South Portland Avenue. The site formerly belonged to an orphanage and is now among a row of church-owned properties. The 13-story Hanson Place Community Plaza development at 142 South Portland Avenue has 104 units total.… Read More > The post Affordable Housing Lottery Opens for Fort Greene Apartments Starting at $910 a Month appeared first on Brownstoner.

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49% of agents sold either 1 home or none at all in the past year: CFA

Inman

Agent "glut" means part-timers are now the majority, leading to "widespread incompetence and pressure to maintain high commission rates," according to the Consumer Federation of America.

Agents 185
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Can You Break Up With Your Buyer’s Agent?

RIS Media

Buying a home is a significant life decision, and choosing the right buyer’s agent is crucial to ensuring a smooth and successful transaction. However, there are instances where the relationship with your buyer’s agent may not work out as expected. You may find yourself contemplating the need to break up with them. We will explore… The post Can You Break Up With Your Buyer’s Agent?

Agents 138
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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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Number of price cuts drops as housing inventory rises

Housing Wire

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. Last year at this time, inventory rose week to week and I was hopeful for a typical spring inventory year, but the seasonal bottom didn’t actually happen until April 14.

Mortgages 533
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‘Should Seattle remove encampments?’ Advocates debate

Seattle Times Real Estate

According to city data, 16% of people from encampments go to shelter, making many advocates see it as futile. But some see a purpose to the divisive issue.

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Is it time for MLSs to go their own way?

Real Estate News

The industry is at a crossroads as lawsuits threaten long-standing policies. For multiple listing services, separating from associations may be the answer.

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Flashback: 1995 in the Housing Market vs Today

NAR: Economic Outlook

Flashback: 1995 in the Housing Market vs Today At 4.09 million, the annual pace of 2023's existing-home sales was the lowest number recorded since 1995, when it was 3.85 million.

Marketing 130
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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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Brad Inman: ‘Unsung hero of real estate’ is the small broker-owner

Inman

More than 80 percent of real estate agents work for small brokerages with fewer than 25 agents, and the average is seven, Brad Inman writes. But their might was on full display in 2023.

Brokerage 185
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Quick and Easy Marketing Tips For REALTORS®

RIS Media

In real estate, effective marketing is the key to success. As a REALTOR®, implementing savvy marketing strategies can significantly impact your ability to attract potential buyers, showcase properties, and ultimately close deals successfully. We will examine quick and easy marketing tips tailored for REALTORS®. You will see everything from creating a robust real estate marketing… The post Quick and Easy Marketing Tips For REALTORS® appeared first on RISMedia.

Marketing 131
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California commission suit alleges collusion in the City of Angels

Housing Wire

Lights, camera, lawsuit! A copycat commission lawsuit has been filed in Los Angeles. The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. It was filed on Wednesday in U.S. District Court in Los Angeles. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit.

MLS 531
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Real Estate Red Flags That Could Be Hidden When Buying a House

Maximum Exposure Real Estate

Knowing things about your home that will send potential buyers running is essential as a seller. These red flags may prevent you from selling your house, leaving your property on the market for far too long and possibly resulting in a substantial loss of money if a sale occurs. Many of these Real Estate issues […] The post Real Estate Red Flags That Could Be Hidden When Buying a House appeared first on Maximum Real Estate Exposure.

Sales 127
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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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Existing home sales haven't been this low since 1995

Real Estate News

According to the latest NAR data, just 4.09 million existing home sales were reported in 2023, the lowest number in nearly three decades.

Sales 297
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Why Buyers Are Turning to Homes with Dopamine-Inducing Decor

Sotheby's International Real Estate

Jason Friedman and Ruby Friedman – Daniel Gale Sotheby’s International Realty Dopamine increases your happiness, alertness, concentration, and motivation. The best part? With the right stimulus, your brain manufactures it for you. That’s why dopamine decor has become such a popular and powerful aesthetic when furnishing the home. Following the trend of “dopamine dressing” in fashion—where colors and textures can help activate the “feel-good neurotransmitter” in the brain—dopamine dec

Design 127
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10 powerfully effective ChatGPT prompts for 2024

Inman

Jimmy Burgess shares 10 specific prompts designed for real estate agents that will help you generate leads, grow your business and serve your clients at the highest level possible.

Design 185
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What Are Seller Concessions in Real Estate?

RIS Media

When buying or selling a home, you must remember various financial considerations. One such aspect is seller credits, which can play a significant role in real estate transactions. Seller credits, or concessions, are essential for buyers and sellers to understand. They are financial incentives homesellers offer buyers as part of the closing process.

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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.