Sat.Apr 06, 2024 - Fri.Apr 12, 2024

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Real Brokerage makes $9.25 million deal to settle commissions suit

Real Estate News

The company reached the agreement in the Umpa case, the only major class action involving agent pay to name Real as a defendant.

Brokerage 293
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Should I Move with Today’s Mortgage Rates?

Keeping Current Matters

When mortgage rates spiked up over the last few years, some homeowners put their plans to move on pause.

Mortgages 261
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30 listing lead generation ideas for a post-NAR settlement market

Inman

If you want to build the listing side of your business in the wake of the NAR settlement, Jimmy Burgess has 30 practical, actionable, doable strategies tailor-made for this moment.

Marketing 187
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Gen X is already looking for housing appropriate for aging in place

Housing Wire

Baby boomers are exhibiting an overwhelming desire to age in place in their own homes, but their children — largely members of Generation X — are also making their desires felt by seeking out homes that can accommodate their needs as they get older, according to a recent report from the New York Times. Citing 2021 data from the Harvard University Joint Center for Housing Studies that showed 88% of adults 65 and older are aging in place, many members of the following generation — primarily born b

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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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How are agents paid? Don’t ask buyers

Real Estate News

More than a quarter of consumers surveyed by Redfin don’t know how much their agent was paid, while nearly 20% weren’t sure who provided the compensation.

Agents 322
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The Top 5 Reasons You Need a Real Estate Agent when Buying a Home

Keeping Current Matters

You may have heard headlines in the news lately about agents in the real estate industry and discussions about their commissions.

Agents 267

More Trending

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Now unshackled, the DOJ casts a large shadow over the commission lawsuit settlement

Housing Wire

Many real estate executives and analysts believe that the Department of Justice , now with the green light to reopen its investigation into the National Association of Realtors , will shake up the civil commission lawsuit settlement agreement. But legal experts are not as certain. Now unshackled , the DOJ could file a statement on interest in the Sitzer/Burnett commission lawsuit and express concerns about the terms of NAR’s settlement agreement.

MLS 443
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Investors feeling optimistic, buying record share of homes

Real Estate News

A pair of new reports look at the role investors played in the housing market last year and offer insights into their current outlook and pain points.

Investor 294
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Don’t Let Your Student Loans Delay Your Homeownership Plans

Keeping Current Matters

If you have student loans and want to buy a home, you might have questions about how your debt affects your plans.

Loans 243
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These top vacation home markets offer opportunities for every agent

Inman

These markets offer significant price appreciation and access to outstanding amenities, presenting a potential goldmine for agents. These include metro-adjacent homes and new front-running vacation destinations.

Agents 182
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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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Housing inventory fell last week, but it won’t derail the spring bump

Housing Wire

Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and new listings data fell last week isn’t a big deal. Although I expect some of the weekly data to rebound next week as a result, growth in active and new listings is still trending slower than I thought would happen in 2024.

Mortgages 464
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Buyers are adjusting to a higher-rate environment

Real Estate News

While consumers are feeling less enthusiastic about the direction of mortgage rates, they “appear to be moving past the hurdle of last year’s sharp jump.

Mortgages 245
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Builders Are Building Smaller Homes

Keeping Current Matters

There’s no arguing it, affordability is still tight.

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Hey, that’s who we are! NAR in new trademark dispute over ‘R’ logo

Inman

NAR told the US Patent and Trademark Office on Monday that an NYC-based investment firm that operates fintech marketplace Republic has stepped over the line with its logo. What do you think?

Agents 176
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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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Insurance companies rely on aerial images to ditch risky properties 

Housing Wire

Insurance companies are leveraging aerial images of homes to drop properties deemed too risky, according to a report by The Wall Street Journal. Consumer advocates are concerned that customers are not always able to challenge images that could be out of date or inaccurate. The increased use of aerial images also comes at a time when many home insurance carriers nationwide try to offload some risk from their property portfolios, sometimes leaving states altogether to recover from big underwritin

Marketing 457
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Consumer group predicts 20-30% drop in commissions

Real Estate News

The NAR settlement will lead to better service and lower costs for homebuyers, new research from the Consumer Federation of America suggests.

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Inflation Stays Hot as Housing Cost Growth Persists

Eye on Housing

Consumer prices continued to rise in March, with shelter and gasoline prices driving over half of the total increase. This marks the third consecutive strong reading. Despite a slowdown in the year-over-year increase, shelter costs continue to put upward pressure on inflation, accounting for over 60% of the total increase in all items excluding food.

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Conquer the 2024 housing market: Expert insights at your fingertips

Inman

Tune in for an engaging discussion surrounding the latest trends, predictions and insider knowledge on the 2024 housing market to help you make informed decisions with confidence.

Marketing 172
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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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NAR alternative now has 3,800 members 

Housing Wire

R New York , a brokerage boasting approximately 800 agents, has joined the American Real Estate Association , an alternative to the National Association of Realtors (NAR), according to The Real Deal. The American Real Estate Association’s membership increased by nearly 30% after the absorption of R New York members, bringing the total to roughly 3,800 members.

Lending 453
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Lawsuits over KW profit-sharing changes continue to multiply

Real Estate News

At least seven complaints have been filed by former Keller Williams agents over reductions set to take effect on July 1.

Agents 247
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Amid Seattle growth debate, map shows walkable neighborhoods in King County

Seattle Times Real Estate

Nat Henry wanted to know where he could build his life around walking and biking. Turns out a lot of other people were wondering about 15-minute neighborhoods, too.

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BoomTown is dealing with a service outage. Now agents want answers

Inman

Real estate professionals have been seeking answers since Wednesday, when many lost access to their personal websites, lead services and other tools provided by Boomtown, agents told Inman.

Agents 169
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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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Dream of homeownership feels unattainable to many Americans: Redfin

Housing Wire

The ongoing lack of housing affordability is prompting more renters to doubt their ability to become homeowners. According to a recent Redfin survey , nearly 40% of U.S. renters don’t believe in their ability to ever own a home, up from roughly 27% less than a year ago. While lack of affordability is the dominant reason for renters to believe they’re unlikely to become homeowners, nearly half of renters feel that available homes are too expensive.

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The Psychological Aspects of Selling a Home: How to Stay Positive and Motivated

RIS Media

Selling a home is more than a financial transaction; it’s an emotional journey. This process can stir up feelings, from excitement about prospects to sadness over leaving memories behind. Understanding and managing these emotions is crucial for staying motivated and positive. I will examine the psychological aspects of selling a home. You will see my… The post The Psychological Aspects of Selling a Home: How to Stay Positive and Motivated appeared first on RISMedia.

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City Releases Detailed Plan for Controversial Housing Zoning Changes

Brownstoner

Taller residences, less parking, and more infill buildings will be allowed in New York City if the mayor’s City of Yes for Housing Opportunity zoning changes go ahead as planned. The draft text for the proposal was released today by the NYC Department of City Planning, the final installment in… Read More > The post City Releases Detailed Plan for Controversial Housing Zoning Changes appeared first on Brownstoner.

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Hot inflation data sends mortgage rates to new 2024 highs

Inman

Bond market investors who fund most mortgage loans are increasingly convinced the latest inflation numbers mean the Federal Reserve won't cut rates in June.

Mortgages 184
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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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Inflation rose again in March. It’s another blow for the mortgage industry

Housing Wire

The most anticipated economic report of the month showed that inflation has not just stalled, but increased. The news almost certainly rules out a rate cut in June, and traders are increasingly skeptical there will be more than a couple cuts in 2024, if any at all. Consumer prices in March were up 3.5% from a year earlier, up from 3.2% in February, according to data released by the Bureau of Labor Statistics on Wednesday.

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Building Material Prices Continue to Rise in March

Eye on Housing

Inputs to residential construction, goods less food and energy, increased for the fifth straight month, according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. The index for inputs to residential construction, goods less food and energy, represents building materials used in residential construction.

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Judges Deny Lawsuit Consolidation Effort, Leaving Commission Cases Scattered

RIS Media

Citing the recent National Association of REALTORS® (NAR) settlement agreement, a panel of judges today denied an attempt by plaintiffs in commission-focused class action lawsuits to consolidate all the copycat cases under one judge, saying that the “procedural posture of the litigation” makes that effort inappropriate. “After settlement proceedings conclude, and it becomes evident how… The post Judges Deny Lawsuit Consolidation Effort, Leaving Commission Cases Scattered appeared first on

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Recruiting War ’24: Agents field new offers constantly, Intel finds

Inman

A slower market and a crowded brokerage landscape have shifted efforts from quantity to quality, new reporting and Intel survey results reveal. For agents, it's now an unavoidable aspect of the job.

Agents 174
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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.