Sat.Mar 16, 2024 - Fri.Mar 22, 2024

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NAR addresses ‘incorrect claims’ in Biden’s housing proposal speech

Housing Wire

Although the National Association of Realtors (NAR) is grateful for the White House’s focus on the nation’s affordable housing crisis, the trade group was not thrilled about remarks President Joe Biden made about real estate agent commissions. In a speech given at Stupak Community Center in Las Vegas on Tuesday, Biden pitched his administration’s new housing proposals.

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What Are Experts Saying About the Spring Housing Market?

Keeping Current Matters

If you’re planning to move soon, you might be wondering if there'll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market.

Marketing 337
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The Rise of “15-Minute Cities,” and if Investors Should Cash In

Bigger Pockets

Paris officially implemented the "15-minute city" as an urban planning concept, and now city planners across the world are debating the merits of switching to this model. What is a 15-minute city, and is it something you should invest in?

Investor 133
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Plaintiffs seek whopping $4.7 billion from HomeServices

Real Estate News

The last defendant in the Sitzer/Burnett commissions case said it anticipated the motion and will respond with its own court filings in April.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Home flipping activity and profits plummeted in 2023: Attom

Housing Wire

The landscape for home flipping across the country was challenging in 2023 as fewer single-family homes and condominiums were flipped and investment returns on these projects declined. A total of 308,922 single-family homes and condos were flipped in 2023, down 29.3% from the 436,807 flips in 2022. This marked the largest annualized decline for the sector since 2008, according to recently released report from real estate data analytics company Attom.

Investor 504
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3 Helpful Tips for First-Time Homebuyers [INFOGRAPHIC]

Keeping Current Matters

Trying to buy your first home? If you’re worried about affordability today or the limited number of homes for sale, these tips can help.

Sales 326

More Trending

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Agents Decoded: The future is uncertain — but don’t panic!

Real Estate News

NAR’s proposed settlement in the commissions cases has quickly led to a flurry of headlines — many of them wrong. Here’s what agents need to do.

Agents 328
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Have we already reached peak home sales for the year?

Housing Wire

Today’s existing home sales report was a massive beat , similar to what happened last year in this month. Will this mark the high point for sales this year like it did in 2023? Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. When mortgage rates headed lower at the end of 2022 into 2023, we had 12 weeks of positive weekly purchase application data.

Sales 500
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Homeowners Today Have Options To Avoid Foreclosure

Keeping Current Matters

Even with the latest data coming in, the experts agree there’s no chance of a large-scale foreclosure crisis like the one we saw back in 2008.

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Fannie Mae no longer expects mortgage rates to drop below 6%

Inman

The recent surge in mortgage rates could take some air out of a projected rebound in 2024 home sales, with deals driven mostly by households who can no longer put off their moves due to life events.

Mortgages 201
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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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eXp ‘expecting a whole lot of creativity’ in wake of NAR deal

Real Estate News

During a livestream with nearly 50,000 viewers, eXp leaders discussed NAR’s proposed settlement while agents flooded the chat with reactions.

Agents 327
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Washington state could provide guidance for others on buyer broker agreements

Housing Wire

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement.

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4 Tips To Make Your Strongest Offer on a Home

Keeping Current Matters

Are you thinking about buying a home soon?

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MLS PIN, Nosalek plaintiffs seek to delay DOJ response after NAR deal

Inman

They asked the court for more time to analyze the impact on their proposed settlement of NAR's proposed rule change banning the MLS display of commissions offered to buyer brokers.

MLS 188
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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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‘We remain vigilant’ KW says as it unpacks NAR settlement

Real Estate News

From buyer agreements to non-MLS places where cooperative compensation can appear, here’s what Keller Williams is telling leaders and agents about the deal.

MLS 310
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Buyer agency: a crucial historical shift in real estate

Housing Wire

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation. Initially, the entire commission percentage was pocketed by the listing agent, who solely represented the seller’s interests.

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Does It Make Sense To Buy a Home Right Now?

Keeping Current Matters

Thinking about buying a home?

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Congress grants National Flood Insurance Program a reprieve

Inman

The $1.2 trillion funding bill passed by the House Friday averts a partial government shutdown and extends a critical insurance program that protects 4.7 million homes through the end of September.

Mortgages 181
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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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Emerging agent association sees opportunity following NAR deal

Real Estate News

NAR’s settlement — and the emotions surrounding it — could lead more agents to consider trading in their membership for something new.

Agents 327
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Is the spring housing market ready for the Fed’s déjà vu?

Housing Wire

It’s spring 2024 and we have a Federal Reserve meeting this week. The 10-year yield is at the same critical point as last year before the Fed went hawkish and sent mortgage rates to 8% and the 10-year yield to 5%. Could this happen again? This is the week the balls are all in the Federal Reserve ’s court. I believe it is in the Fed’s interest to keep existing home sales depressed.

Marketing 491
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Home Prices Are Falling in These 10 Markets—Are They Ripe for Investing?

Bigger Pockets

Falling prices haven't been common in today's market. With higher mortgage rates and low inventory, many investors have waited on the sidelines. Is now the time to plunge back in?

Marketing 133
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ICE on a signing spree for new ‘mortgage tech ecosystem’

Inman

In pursuit of a bigger slice of an estimated $14 billion market after Black Knight acquisition, Intercontinental Exchange signs 37 new Encompass clients and four new servicing clients.

Mortgages 172
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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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Winners, losers and a look at the post-commissions deal future

Real Estate News

Buckle up: The proposed NAR settlement will unleash a fast-moving wave of change – and opportunity, especially for buyer agents who can articulate their value.

Agents 299
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Are reverse mortgages the most underutilized retirement tool?

Housing Wire

Home equity levels among homeowners aged 62 and older are at record levels following the end of the pandemic. As a result, reverse mortgages may no longer be considered a “loan of last resort” as financial planners aim to highlight their uses as part of a comprehensive financial plan in retirement. This is according to a column published this week by Investment News, soliciting input from planner professionals well known to the reverse mortgage business, including Wade Pfau.

Mortgages 481
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How a Squatter in Oregon “Stole” a Property, and the Rising Tide of Disputes Ending Badly for Landlords

Bigger Pockets

“I always thought stealing was wrong,” real estate investor and developer George McCleary remarks at the end of a viral video posted on social media last month, “But turns out, if you steal a […]

Investor 134
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What to expect on ‘Buying Beverly Hills’ Season 2

Inman

Agent rivalries, a transitioning market, family drama and a new mansion tax are just some of the key challenges that cast members will face on the reality TV show in its new season.

Agents 188
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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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NAR seeks to clarify commissions settlement details

Real Estate News

In a call with media, NAR reps sought to dispel confusion and misinformation coming out of the March 15 settlement announcement.

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Opinion: Debunking the NAR settlement myths

Housing Wire

Last week, the National Association of Realtors (NAR) announced a settlement agreement in the Sitzer Burnett case that would take effect in July. For those who missed the declarations that this outcome will render transacting real estate almost free, protect consumers and make homeownership affordable once again, the settlement does none of that. Here’s the truth.

MLS 482
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Beyond the Headlines: Understanding How Proposed Changes in Real Estate Commissions Will Actually Impact You as a Buyer or Seller

Lighter Side of Real Estate

You’ve probably heard the news that there are changes coming in terms of how real estate commissions are paid. This might sound exciting and like a potential game-changer for you as a home seller or buyer, with headlines proclaiming things like: “Real estate commissions are being slashed!” “Selling your house will now be less expensive!” “No more paying 6% to real estate agents!

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Thriving in 2024: Conquering leadership at home and in business

Inman

Explore a wealth of expert insights and strategies designed to navigate the balance of leadership between your personal life and business and what it means to be successful in both.

Design 179
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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.