Sat.Oct 14, 2023 - Fri.Oct 20, 2023

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How different generational groups approach real estate

Inman

With the sweeping changes in society, technology and economics over the past century, the differences in how each generation thinks, speaks, and makes decisions about luxury real estate opportunities have never been more pronounced.

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Is It the End of the Realtor? Inside the NAR Crisis

Bigger Pockets

First, the RE/MAX settlement, now this. Realtors are worried about their careers, and investors should be paying attention. Here's what's going on.

Investor 121
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61% of ADUs are built for multigenerational housing: survey

Housing Wire

One in five Americans now shares their homes with adult children, parents or grandparents. In the face of soaring housing costs nationwide, multigenerational living has gained traction as a path to make living expenses more manageable and to maintain closer family bonds. While many multigenerational families are living together under one roof, potentially leading to feelings of overcrowding, accessory dwelling units (ADUs) have emerged as a practical solution for affordable housing that allows f

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Leveraging the Power of Attorney to Sell a House

RIS Media

Selling a property is often a complex and time-consuming process involving various legal and logistical aspects. However, what happens when you, as a homeowner, cannot handle these responsibilities personally? This is where a power of attorney (POA) in real estate can come into play. We will examine using a power of attorney to sell a… The post Leveraging the Power of Attorney to Sell a House appeared first on RISMedia.

As-is 138
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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Are Higher Mortgage Rates Here To Stay?

Keeping Current Matters

Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press.

Mortgages 275
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The Complete Guide to Eminent Domain

Bigger Pockets

As a real estate investor, eminent domain is something you should know about. If you own property in an area that the government needs for a road expansion, fire station, railway, or something else that benefits the public, it may be legally taken from you, whether you want to sell or not.

Investor 123

More Trending

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Forbes’ Housing Market Predictions for 2023: What to Expect

Marco Santarelli

As 2023 unfolds, the housing market in the United States is facing a complex interplay of factors, sending ripples through its dynamics. In a detailed analysis by Forbes , the spotlight is placed on the challenges that have surfaced, including skyrocketing home prices and interest rates, triggering a potential cooling effect on housing market activity.

Marketing 105
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DataDigest: Nearly 100,000 LOs have washed out

Housing Wire

For years broker channel evangelists told me that a down market would give them an edge on their retail brethren. Well, it’s certainly been a down market. How has the broker channel fared in the wake of the Fed rate hikes ? I asked the good folks at mortgage data technology firm InGenius to run the numbers. Take a look. “From the first six months of 2022 to first six months of 2023, brokers have increased their percentage from 23% to 28% while retail has decreased by that same percen

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'Conspiracy' front and center as commissions trial kicks off

Real Estate News

On day two of the Sitzer/Burnett trial, the plaintiffs presented opening arguments, while the defense said conspiracy claims are "conjecture.

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What Are the Real Reasons You Want To Move Right Now?

Keeping Current Matters

If you're considering selling your house right now, it's likely because something in your life has changed.

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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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Sitzer | Burnett: Live updates from the buyer-agent commission trial

Inman

The long-awaited Sitzer | Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds. Check back early and often for news, views, schedules and more.

Agents 217
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In this brutal housing market, you’ll need to make $115K to buy the typical US home

Housing Wire

The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s hurt first-time homebuyers the most. A homebuyer must earn $114,627 to afford the median-priced U.S. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic in early 2022.

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Bucking seasonal trends, home inventory is rising

Real Estate News

Inventory could keep increasing as potential homebuyers ‘hit the brakes’ while mortgage rates remain elevated. Price cuts are also higher than usual.

Mortgages 318
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How Buying a Multi-Generational Home Helps with Affordability Today

Keeping Current Matters

In today's world of rising housing costs, many buyers are looking for ways to still be able to buy a home.

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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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Under their thumbs: The enigmatic homesellers behind Sitzer | Burnett

Inman

The plaintiffs in a class action antitrust suit challenging the real estate industry’s commission structure took to the stand Wednesday and Thursday to make the case that the practice of homesellers paying buyer agents is “unfair.

Agents 196
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Mortgage origination market should improve by 19% next year: MBA

Housing Wire

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. The MBA doesn’t expect the Federal Reserve to hike interest rates further this year as real rates – which are inflation-adjusted– are 2%.

Mortgages 499
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Jury selected for landmark Sitzer/Burnett trial

Real Estate News

Lawyers jostled for position and weeded out ineligible jurors, including many who are members of the plaintiff class (Missouri home sellers).

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The Risks of Selling Your House on Your Own

Keeping Current Matters

Are you thinking about selling your house as a For Sale by Owner (FSBO)?

Sales 269
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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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Gary Keller, Bob Goldberg among first to testify in Sitzer | Burnett

Inman

As the long-awaited commission trial begins, the Kansas City courtroom saw opening arguments followed by testimony from industry heavy-hitters including Gary Keller, NAR CEO Bob Goldberg and HomeServices of America President and CEO Gino Blefari.

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Meet the homeowners giving up 4% mortgages and opting for cash-out refis

Housing Wire

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. You’re probably thinking, “Uh, why on earth would she do that?” The client wanted to pay off $30,000 in consumer debt, handle home improvement projects and help her daughter start college, said Anderson, a longtime mortgage advisor in Southern California.

Mortgages 484
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Attorneys spar over evidence of collusion in commissions trial

Real Estate News

On Day 4 of the Sitzer/Burnett trial, an expert witness for the plaintiffs said the current commissions system is a "clear case" of collusion and price fixing.

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Basement Bedroom Requirements: Ensuring Safety and Comfort

RIS Media

Basement bedrooms have become increasingly popular in modern homes. Whether you want to add extra living space or create a cozy guest room, transforming your basement into a bedroom can be fantastic. However, specific basement bedroom requirements must be met to ensure the safety and comfort of occupants. We will delve into the essential aspects… The post Basement Bedroom Requirements: Ensuring Safety and Comfort appeared first on RISMedia.

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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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Agents steer buyers to homes with better commissions, study claims

Inman

The study by a trio of researchers analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers' agents received less attention and took longer to sell.

Agents 191
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Regulation hasn’t caught up to generative AI

Housing Wire

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Bias, discrimination, privacy and security concerns related to consumer information are some of the biggest risks in implementing generative AI, noted Brian Stucky, lead at Rocket Ethical AI at Rocket Mortgage. “We still do not have AI-specific regulati

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A world of difference in commissions outside US, jurors told

Real Estate News

On Day 5 of the Sitzer/Burnett trial, plaintiffs focused on steering, high fees in the U.S., and how buyer agent pay is handled differently in other countries.

Agents 288
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City Backtracks on Key Commitments for New 15-Story, 1,040-Bed Boerum Hill Jail, Locals Say

Brownstoner

City agencies behind the design of the new 15-story, 1,040-bed Brooklyn Borough Jail in Boerum Hill have reneged on commitments made to the community during the land use review process, compromising the jail’s ability to integrate safely into the neighborhood, locals said at a community board meeting Wednesday night. Specifically,… Read More > The post City Backtracks on Key Commitments for New 15-Story, 1,040-Bed Boerum Hill Jail, Locals Say appeared first on Brownstoner.

Land 132
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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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Agent training, objection scripts on trial as Sitzer | Burnett ends Day 3

Inman

On Day 2 of witness testimony Wednesday, attorney Michael Ketchmark narrowed in on training materials and presentation slides he alleged violated antitrust policies held by the defendants.

Agents 189
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Mortgage applications sink to 1995 levels as rates soar

Housing Wire

As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995. Last Monday , in an attempt to calm the markets, a coalition of housing trade groups — including the Mortgage Bankers Association (MBA), National Association of Realtors (NAR) and National Association of Home Builders (NAHB) demanded that the Federal Reserve to provide clarity on the Fed’s rate path and its plans for the mortgage-backed secur

Mortgages 463
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Rental income from ADUs now can be counted towards an FHA mortgage

Real Estate News

Starting this week, the FHA has tweaked its borrowing rules to promote accessory dwelling units as a way to boost housing inventory and affordability.

Mortgages 273
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An 18th Century Kingston Stone House With a Secret Passageway, Yours for $975K

Brownstoner

Filled with enough visual delights to captivate any old house lover, this lovingly restored stone house in Kingston has centuries worth of history within its walls. Built in the 18th century, it was enlarged in the 19th century, and got some mid 20th century updates. The more recent renovation restored… Read More > The post An 18th Century Kingston Stone House With a Secret Passageway, Yours for $975K appeared first on Brownstoner.

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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.