Sat.Jan 27, 2024 - Fri.Feb 02, 2024

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Keller Williams settles the Sitzer/Burnett commission lawsuit for $70 million

Housing Wire

Keller Williams has decided to bow out of the Sitzer/Burnett commission lawsuit. On Thursday, the Gary Keller-helmed brokerage notified the federal court in Missouri that it had entered into a settlement agreement with the plaintiffs in the Sitzer/Burnett suit. The settlement settles all home seller lawsuits nationwide. According to Keller Williams spokesperson Darryl Frost, the firm will pay $70 million as part of the settlement agreement.

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Don’t Wait Until Spring To Sell Your House

Keeping Current Matters

As you think about the year ahead, one of your big goals may be moving.

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The Tax Implications of House Hacking

Bigger Pockets

If you are considering dipping your toes into real estate investing with this strategy, it’s important to consider the tax implications so you will know how much profit to report. Underreporting rental income on your taxes could cause problems for you later if you are audited.

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Fed policymakers want more data, dash hopes of March rate cut

Inman

Fed Chair Jerome Powell says a rate cut at the central bank's next meeting is not "the base case," with policymakers wanting to see more data showing inflation is on a sustainable path down to 2 percent.

Banks 186
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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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Is a 1% Commission Real Estate Agent Right for Your Home Sale?

HomeLight

When you’re preparing to sell your home, every dollar counts. It’s natural to have questions about how to maximize your proceeds. One option you might have come across is the “1 percent commission real estate agent” or the “1% listing fee” company. It sounds enticing, but will it really save you money? What kind of services can you expect at this rate, and how does it all work?

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How to Know if a House is Overpriced: 10 Ways to Tell

Maximum Exposure Real Estate

If you’re selling your home, you must understand that pricing your home correctly from the beginning is critical. The most common reason a home doesn’t sell is that it is overpriced. But how do you know if you have an overpriced house? There will be signs that will be screaming for you to notice. Without […] The post How to Know if a House is Overpriced: 10 Ways to Tell appeared first on Maximum Real Estate Exposure.

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Equity Angels

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: Equity Angels] Co-founded by Katherine Winston and Kenya Burrell-VanWormer , Equity Angels is a new accelerator “that will provide professional mentorship, fractional executives and fundraising preparation for companies started by entrepreneurs from diverse demographics,” according to Inman News.

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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 516
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Homes.com earns top 100 finish on global SEO ranking list

Inman

German search engine optimization (SEO) platform SISTRIX ranked portal Homes.com No. 43 on a list of fastest-growing domains in the U.S. The company has been ranking domains for 15 years.

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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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5 Expert Tips for a Faster Home Sale: Selling Your House Swiftly and Successfully

RIS Media

Selling a house can be a significant undertaking. For many homeowners, the desire to sell a house fast is a top priority. When relocating, downsizing, or having other reasons for a speedy sale, implementing effective strategies can make a substantial difference. Whether selling a stigmatized property or a glamorous mansion, the home sale process can… The post 5 Expert Tips for a Faster Home Sale: Selling Your House Swiftly and Successfully appeared first on RISMedia.

Sales 137
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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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Homebuyer assistance programs rose to nearly 2,300 in 2023

Housing Wire

The U.S. housing market has reached its least affordable point in decades and housing agencies have increasingly rolled out homebuyer assistance programs to tackle this issue. A total of 135 new homebuyer assistance programs were introduced in 2023, a 6% increase over the previous year. This brought the nationwide tally up to 2,294, according to Down Payment Resource’s fourth-quarter Homeownership Program Index (HPI) report.

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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.

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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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How to Find The Best Listing Agent When Selling a House

RIS Media

Selling a home is a significant undertaking. Choosing the right listing agent can make a world of difference in the success of your real estate venture. It becomes exceptionally crucial for a first-time seller to know the importance. Finding the best listing agent involves careful consideration, research, and a thoughtful interview. You will learn strategies… The post How to Find The Best Listing Agent When Selling a House appeared first on RISMedia.

Agents 137
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Young Adults Are Living at Home, but Homeownership Could Be Their Next Address

NAR: Economic Outlook

Young Adults Are Living at Home; Homeownership Next? The share of young adults living at home is back on the rise; this might make it easier for them to save for a down payment on a home.

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Redfin launches new homebuyer refund program

Housing Wire

Redfin is back to offering refunds to homebuyers but this time under a new name. Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% of the purchase price of the house.

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Prioritizing the needs of young renters in multifamily housing

Inman

Millennials began reshaping multifamily housing in compelling ways, writes Michael Zaransky, and Gen Z promises to accelerate that change. Property managers must be ready.

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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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Consumer Sentiment Continues to Gain Momentum

RIS Media

The latest Survey of Consumers from the University of Michigan finds that consumer sentiment in January remains relatively rosy, suggesting optimism about the economy as the new year gets underway. The Index of Consumer Sentiment, calculated by surveying consumers, currently sits at 79, a substantial increase both month-over-month (69.7 in December 2023) and year-over-year (64.9… The post Consumer Sentiment Continues to Gain Momentum appeared first on RISMedia.

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$2 Trillion in Commercial Debt is Coming Due—What Does That Mean for the Industry?

Bigger Pockets

Over the next four years, commercial debt bills will total a whopping $2.8 trillion many of which are balloon payments. It's led to the steepest drop in commercial asset valuations in recent history and created tremendous anxiety amongst investors. Where does the market go from here?

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Mortgage rates decline after Fed pauses hikes once more

Housing Wire

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 5.94% this week, down from 5.96% during the prior week.

Mortgages 449
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Zillow’s Immerse app promises ‘jaw dropping’ 3D home tours

Inman

Zillow Immerse is the latest in a series of software releases from the home search leader as it moves toward an agent services model, collectively referred to as its “super app.

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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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Rent Crisis Is on the Decline, New Report Finds

RIS Media

America’s national rent crisis could be coming to an end. Rental prices have been elevated for years—and renters’ income hasn’t caught up to match—but per findings from the Waller, Weeks and Johnson Rental Index, rents are on the decline as of December 2023. The Index is named for the professors who contribute to it: Dr.… The post Rent Crisis Is on the Decline, New Report Finds appeared first on RISMedia.

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Keller Williams reaches $70M settlement in commissions case

Real Estate News

The deal will leave just NAR and HomeServices of America as defendants in Sitzer-Burnett and similar commissions cases, with billions of dollars at stake.

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NAR “sets the record straight” on commissions

Housing Wire

After months of plaintiffs’ lawyers in commission lawsuits claiming that the National Association of Realtors sets real estate agent commissions, the trade group finally decided to, in its words, “set the record straight.” In a video posted on Wednesday, NAR interim CEO Nykia Wright told viewers that, “the notion that the National Association of Realtors controls what real estate professionals get paid is wholly untrue.

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New York Comptroller asks eXp to investigate sexual assault claims

Inman

The office of New York State Comptroller, which holds nearly 27,000 shares of eXp World Holdings stock, sent a letter to eXp CEO Glenn Sanford requesting he establish an independent committee to formally look into the allegations.

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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.