Sat.Sep 02, 2023 - Fri.Sep 08, 2023

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Why It’s Still a Seller’s Market Today

Keeping Current Matters

Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low.

Marketing 252
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‘Affordability’ is a dirty word in real estate. It’s time for that to change

Inman

Lack of affordable housing, rising home prices and soaring interest rates are making the dream of homeownership dangerously unachievable, writes broker, coach and consultant Zak Shellhammer.

Agents 165
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6 First Steps into the World of Real Estate Marketing

Realty Biz

Breaking into the real estate field as a marketing professional requires specific skills. But don't let that intimidate you. With perseverance, passion, and a little insider knowledge, it's not a Herculean task to plant your feet in this stimulating world. Today, we’ll uncover the first steps you should take to ensure your success when applying for real estate marketing jobs.

Marketing 104
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Anywhere Real Estate settles buyer broker commission lawsuits

Housing Wire

Real estate giant Anywhere has reached a settlement agreement in two of the major class action antitrust lawsuits facing the housing industry. According to court documents filed on Tuesday, Anywhere Real Estate and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits.

MLS 421
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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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Mortgage Mix: Rates and Applications This Week

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. Mortgage rates The 30-year fixed-rate mortgage (FRM) averaged 7.12% this week, down slightly from last week’s 7.18%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday.

Mortgages 100

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Instant Reaction: Mortgage Rates, September 07, 2023

NAR: Economic Outlook

Instant Reaction: Mortgage Rates, September 07, 2023 Mortgage interest rates eased this week from 7.18% to 7.12%. Demand is still active in the housing market despite rates over 7%.

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Real Estate Investor Activity Drops To Pre-Pandemic Levels—Should You Jump Ship?

Bigger Pockets

Fewer purchases are being made by real estate investors this year, but that doesn't necessarily mean the sky is falling. Or does it?

Investor 120
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Dixon Puts Ornate Bed Stuy House With Luxe Reno on Market for $2.995 Million

Brownstoner

An elaborate row house and one-time wreck before it was restored and updated by Australian real estate investment firm Dixon is back on the market. Located at 259 Decatur Street in the Stuyvesant Heights Historic District, the pale stone Renaissance Revival house was built in 1895 and designed by noted… Read More > The post Dixon Puts Ornate Bed Stuy House With Luxe Reno on Market for $2.995 Million appeared first on Brownstoner.

Marketing 103
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Future of the Housing Market

BubbleInfo

An article published yesterday included some guesses about the future of the real estate market over the next five years.

Marketing 111
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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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FHA issues waiver to make government-insured mortgages more accessible

Housing Wire

The Federal Housing Administration (FHA) on Thursday announced that it has issued a waiver to a requirement that FHA-approved lenders flag rejected loans in the FHA Connection (FHAC) system, an effort the agency says will improve access to government-insured mortgage financing for qualified borrowers. “FHA has determined that this flag does not improve risk management and is often why other lenders will reject an applicant even when that applicant might otherwise qualify for a loan,” the agency

Mortgages 496
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Get Ready for Smaller, More Affordable Homes

Keeping Current Matters

Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options?

Mortgages 295
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Lawyer’s letter offers glimpse into NAR’s internal harassment probe

Inman

A July letter from Polsinelli, the outside counsel tapped to investigate misconduct at NAR's behest, found evidence of "creepy" and "disrespectful" behavior that, until now, had not been made public.

MLS 195
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Home Enhancements Owners Should Avoid Before Selling

RIS Media

When you are preparing to sell your home, there are many improvements you can make. While you’ll get many suggestions for things you can do to make your home easier to sell, people rarely suggest things you don’t need to fix. Fixing up your home can be costly, and you might not get the return… The post Home Enhancements Owners Should Avoid Before Selling appeared first on RISMedia.

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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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UWM expands its hard credit reports program

Housing Wire

United Wholesale Mortgage (UMW) has enhanced its Safe Check program , which provides credit reports without initiating unwanted trigger lead solicitations to brokers’ competitors. In some cases, the lender will provide a hard credit report at no additional cost to borrowers. The program was launched in October 2022 to provide brokers $10 single-bureau soft credit checks for conventional loans.

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Mortgage Rates: Past, Present, and Possible Future

Keeping Current Matters

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates.

Mortgages 273
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‘Insulting at minimum’: Realtors strike back as NAR holds the line

Inman

Realtors are cancelling memberships, hounding local boards and organizing petition drives days after NAR resisted calls Thursday to censure Bob Goldberg for his handling of misconduct claims.

MLS 187
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End Nears for Crown Heights Spice Factory as Developers Seek Demo Permit and New Rezoning

Brownstoner

In a surprise twist, after a failed Crown Heights rezoning whose resulting 39-story towers and their shadows would have threatened the nearby Brooklyn Botanic Garden, the same developer is back and, unexpectedly, is now seeking a new rezoning to build 14 stories on the property. At the same time, a… Read More > The post End Nears for Crown Heights Spice Factory as Developers Seek Demo Permit and New Rezoning appeared first on Brownstoner.

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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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Did we reach the peak for mortgage rates this year?

Housing Wire

We had a crazy jobs week last week, with tons of data that the Federal Reserve was happy to see, but did those labor reports mean we’ve hit peak mortgage rates for 2023? Mortgage rates did fall, purchase application data rose and new listings data came back to trend. Weekly active listings rose by only 5,654 Mortgage rates went from 7.37% and ended the week at 7.08% Purchase apps rose 2 % week to week Mortgage rates and the bond market The 10-year yield and mortgage rates were wild last we

Mortgages 458
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Expert Home Price Forecasts Revised Up for 2023

Keeping Current Matters

Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023.

Marketing 261
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Anywhere settles bombshell Sitzer and Moehrl commission lawsuits

Inman

Exact terms will be revealed when the plaintiffs ask the court to approve the deal, but an attorney for the plaintiffs says the franchisor is the first of the defendants to agree to "change its practices.

MLS 185
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Considerations to Decide on a Bigger Property: Expert Tips

Realty Biz

Are you considering buying a larger home but unsure if it's the right decision? Your home is more than just a place to live; it's your sanctuary, haven, and, often, your most significant financial investment. As life evolves and families grow, the need for a bigger house may become evident. Maximum Real Estate Exposure is an excellent resource for deciding whether it may be time to upgrade.

Mortgages 122
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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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Housing market “stuck” as mortgage rates remain above 7%

Housing Wire

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. 7, down from last week ’s 7.18%. By contrast, the 30-year fixed-rate mortgage was at 5.89% a year ago at this time.

Mortgages 449
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Coldwell Banker Around the World: September 2023

Coldwell Banker

Conveniently located between the major, multicultural hub of Toronto and the mid-sized city of Kitchener is a beautiful area of Ontario called Halton Hills. Surrounded by a scenic countryside of farms that yield incredible produce is the community of Georgetown. The post Coldwell Banker Around the World: September 2023 appeared first on Coldwell Banker Blue Matter.

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New York City’s strict short-term rental law goes into effect

Inman

New York City's law limiting short-term rentals went into effect on Tuesday. To offer stays of less than 30 days, hosts must stay in the unit with their guests.

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Renton brothers seek reparations decades after sale of family land

Seattle Times Real Estate

The Houston brothers want reparations from the Renton School District over land they say their parents were pressed to sell 55 years ago.

Land 139
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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.