Sat.Dec 16, 2023 - Fri.Dec 22, 2023

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First American is the latest cybersecurity attack victim

Housing Wire

First American is the latest real estate firm to suffer a cybersecurity incident. Sources told HousingWire the incident occurred Wednesday afternoon, with First American confirming the incident Thursday morning. In a statement on the title company’s website it notes that First American has “taken certain systems offline” and that it is working to resume normal business operations as soon as possible.

Title 525
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Why Mortgage Rates Could Continue To Decline

Keeping Current Matters

When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed).

Mortgages 261
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3 ways commissions lawsuits will change the industry

Real Estate News

Lending changes, outside-the-box compensation options and some amount of agent attrition are likely outcomes, say T3 Sixty executives.

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23 marketing ideas that make the most of the holiday season

Inman

Marketing and PR expert Molly McKinley offers ways that you can give back to clients and colleagues this holiday season and stay connected to those who matter most in your business.

Marketing 166
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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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Exclusive Agency vs. Exclusive Right in Real Estate Contracts

RIS Media

In the realm of real estate transactions, one crucial aspect that both sellers and real estate agents must carefully consider is the type of listing contract they enter into. The Exclusive Agency and exclusive right-to-sell agreements are two common types of listing contracts. These contracts define the relationship between the seller and the real estate… The post Exclusive Agency vs.

Agents 135
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Don’t Let These 15 Home Inspection Questions Trip Up Your Home Sale

HomeLight

Undergoing the home inspection process can be daunting for any home sale. As a homeowner ready to sell, you may feel confident about your home’s condition, but the scrutiny of a professional home inspection can bring about unexpected surprises. HomeLight spoke to Toni Vander Heyden , a top-selling agent in Rockford, Illinois , and Frank Lesh , executive director of the American Society of Home Inspectors, to answer all your burning home inspection questions upfront.

More Trending

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What Is CPI in Real Estate?

Bigger Pockets

Understanding the Consumer Price Index (CPI) in real estate is vital if you are a landlord or real estate investor. The CPI reflects how housing expenses—rent and utilities—impact inflation and property values. Additionally, the CPI can affect mortgage rates, making borrowing money cheaper or more expensive.

Investor 108
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Seattle continues to defy gravity, at least up in the sky

Seattle Times Real Estate

It turns out downtown Seattle is booming, if you know where to look, which is up. Life at street level is still ailing; Seattle's action lately is all in the sky.

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Brooklyn Heights One-Bedroom With Mantels, Terrace, Built-ins Asks $1.15 Million

Brownstoner

It certainly is pricey, but this one-bedroom in a lavish 1880s Brooklyn Heights dwelling has some appealing details like high ceilings, mantels, built-ins, and a private terrace. Within the Brooklyn Heights Historic District, the 25-foot-wide brick manse was home to Alfred Tredway White and Annie J. White and their descendants… Read More > The post Brooklyn Heights One-Bedroom With Mantels, Terrace, Built-ins Asks $1.15 Million appeared first on Brownstoner.

Marketing 109
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The Federal Reserve delivers lower rates for Christmas

Housing Wire

The Federal Reserve played the good grinch for Christmas this year and delivered the best gift for homebuyers nationwide, leading to lower mortgage rates. The 10-year yield and mortgage rates fell together after the Fed meetings, which gave us mortgage rates under 7% last week. Mortgage rates and the 10-year yield What a crazy week! Not too long ago, on jobs Friday, I was on the HousingWire Daily podcast saying it’s time to declare war on the Federal Reserve for being too restrictive; you can li

Mortgages 535
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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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MLS leaders bond over industry shifts — and Sammy Hagar?

Real Estate News

Art Carter and Brian Donnellan, CEOs of the nation’s largest MLSs, are pals as well as colleagues, walking the talk of collaboration in challenging times.

MLS 309
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Sell Smarter: Why Working with a Real Estate Agent May Beat Going Solo

Keeping Current Matters

If you're thinking about selling your house on your own, called “For Sale by Owner” or FSBO, there are some important things to consider.

Agents 268
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Leaders in luxury: Mayi and Daniel de la Vega

Inman

How one family turned their brokerage into a beacon of innovation and excellence. Mother-son team Mayi and Daniel de la Vega have led ONE Sotheby’s International Realty to emerge as the definitive luxury leader representing Florida’s East Coast.

Brokerage 199
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Mortgage rates continue trending down before Christmas

Housing Wire

Mortgage rates stayed below 7% for the second week in a row, a welcome relief after a 17-week streak of above-7% rates. This week’s dip is the largest weekly drop since November 2022. The 30-year, fixed mortgage rate averaged 6.67% for the week ending Dec. 21, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down from last week’s 6.95% and up from 6.27% the same week a year ago.

Mortgages 500
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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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DOJ still not satisfied with proposed MLS PIN settlement

Real Estate News

The Department of Justice has inserted itself — again — in the Nosalek buyer-broker commissions case ahead of final settlement approval.

MLS 312
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Expert Quotes on the 2024 Housing Market Forecast

Keeping Current Matters

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024.

Marketing 272
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Loan subservicer Dovenmuehle Mortgage laying off 212 workers

Inman

Illinois-based Dovenmuehle Mortgage, which collects monthly payments from homeowners in all 50 states on behalf of lenders and investors, says it's cutting HQ staff but not closing down.

Mortgages 189
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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

It was late 2022 and Mike was feeling the pressure. Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. But there was a problem: pricing exceptions, in which the lender takes the hit, were becoming scarce at his company. So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation fr

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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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What happens with mortgages if there’s a recession?

Real Estate News

Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures next year.

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Why Now Is Still a Great Time To Sell Your House

Keeping Current Matters

If you were worried buyer demand disappeared when mortgage rates went up, the data shows there are plenty of interested buyers still out there.

Mortgages 263
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Title insurer First American Financial is hackers’ latest target

Inman

The nation's second biggest title insurer issues terse statement saying it's taken some systems offline. A ransomware group known as Blackcat, ALPHV or Noberus has infiltrated the computer networks of more than 1,000 victims.

Title 187
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Busting VA mortgage loan myths

Housing Wire

There’s no higher honor than serving in the United States Military , which I deeply understand as a former Army sergeant. And, like many of my fellow service members, I’ve experienced firsthand the sense of missing out on a significant benefit we’ve rightfully earned protecting our freedoms — the VA mortgage loan — which stands as one of the most powerful tools that our nation’s veterans and active-duty military personnel can use to purchase a home and build long-term financial

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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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The Ten: New face of NAR meets pivotal moment with confidence

Real Estate News

On stages large and small, NAR President Tracy Kasper is making a compelling push to retake the Realtor narrative and highlight efforts to expand homeownership.

Staging 260
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Reasons For a Property Survey

RIS Media

Purchasing a home is a significant investment. It’s crucial to ensure that you clearly understand the property boundaries and potential issues that may affect your ownership. One essential step in the home-buying process is getting a property survey. We will explore the reasons for a property survey, when to complete one, and what it entails.… The post Reasons For a Property Survey appeared first on RISMedia.

Land 137
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Nest Seekers sues Serhant in CT, adding to string of lawsuits

Inman

The $10 million lawsuit alleges two former Nest Seekers managers stole the firm's commissions, clients, intellectual and other confidential property as Ryan Serhant used "unfair and deceptive trade practices" to launch SERHANT. in Connecticut.

Brokerage 185
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‘Mortgage winter’ is expected to thaw a bit

Housing Wire

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. The housing industry, including the secondary market it feeds, is still likely to be sluggish in 2024, with marginal improvements in some sectors as others tread water or retreat slightly, industry players who spoke with HousingWire predict.

Mortgages 436
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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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Brokerage Beat: News from Real, C21, The Agency, more

Real Estate News

Matt Lionetti leaves The Agency for Real; Century 21 firms merge in S. Carolina; The Agency expands in Long Island; eXp Luxury and eXp Canada grow; more.

Brokerage 269
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Property Tax Revenue Continues to Climb

Eye on Housing

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $129 billion in taxes were paid by property owners in the third quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q3 2023, state and local governments collected $757 billion of property tax revenue—an 11.6% increase over Q3 2022. The year-over-year growth rate of property tax revenue.

Sales 131
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First American Financial warns clients to watch out for fake emails

Inman

Two days after being hit by a cyberattack, the title insurance giant says it's still trying to restore operations and warns clients that it's taken its email system offline.

Title 185
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November sees the lowest level of new home sales in a year

Housing Wire

New home sales fell month-over-month in November to their lowest level since last November. But despite this dip, 2023 is poised to be one of homebuilders’ busiest years. Total new home sales are expected to reach about 5% higher than last year, while sales of existing homes are down by nearly 20% year-over-year. In November, new home sales reached a seasonally adjusted annual rate of 590,000, according to data published on Friday by the U.S.

Sales 433
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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.