Sat.Feb 17, 2024 - Fri.Feb 23, 2024

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Are mortgage rates about to break out higher again?

Housing Wire

Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire , let’s look at where we are with mortgage rates and their impact on weekly housing data. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024.

Mortgages 514
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NAR: Commission suit insurance coverage ran out ‘some time ago’

Inman

There are no funds under NAR's policy available to pay for the cost of defending the Realtor associations nor their multiple listing services which have been sued, according to the trade group.

MLS 178
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It’s Time To Prepare Your House for a Spring Listing

Keeping Current Matters

If you're thinking of selling your house this spring, now is the perfect time to start getting it ready.

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3 top takeaways as the DOJ takes on commissions

Real Estate News

The newest statement from the Department of Justice focuses on one MLS settlement in a specific case but could be a blueprint for the industry as a whole.

MLS 309
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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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Fannie Mae appoints Peter Akwaboah as COO

Housing Wire

Government-sponsored enterprise (GSE) Fannie Mae announced on Thursday the appointment of Peter Akwaboah as executive vice president and chief operating officer, effective May 20, 2024. Akwaboah, who is currently serving as COO for technology and global head of innovation at Morgan Stanley , has nearly 30 years of experience in the financial services industry.

Banks 448
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NAR breaks silence on DOJ call to decouple commissions

Inman

Consumer watchdog CFA hails federal agency's proposal to ban sellers from making compensation offers as a "major watershed" in promoting more competition in real estate.

MLS 197

More Trending

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Former Zillow exec pivots mortgage site Tomo into home search

Real Estate News

CEO Greg Schwartz says Tomo will stand out by offering “negotiation insights,” which includes personal information about home sellers.

Mortgages 280
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Don’t get too excited about the jump in existing home sales

Housing Wire

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. However, the last four weeks have had negative trending data. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%.

Sales 435
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RE/MAX CEO Nick Bailey exits as company revenue falls again in Q4

Inman

RE/MAX announced it was making changes to its executive team after revenue fell for a sixth consecutive quarter to end 2023. Amy Lessinger will succeed Bailey as president.

Brokerage 180
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Some Experts Say Mortgage Rates May Fall Below 6% Later This Year

Keeping Current Matters

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now.

Mortgages 261
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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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Why United’s CEO isn’t interested in ‘shiny’ downline models

Real Estate News

United boosted agent count in 2023, but not with rev share or stock incentives. CEO Dan Duffy shared his thoughts on why the flat-fee model is a win for agents.

Agents 253
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Record number of 65-year-olds will reshape the age milestone: WSJ

Housing Wire

More Americans are reaching the milestone age of 65 , and these people are redefining what 65 looks like in comparison to prior generations — with a raft of implications for American society. This is according to a recent story published by the The Wall Street Journal. “Today’s 65-year-olds are redefining a milestone long associated with retirement parties and the end of productive years,” the article stated.

Staging 424
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6 scripts agents need for a time such as this

Inman

Meeting the unique needs of buyers and sellers today means knowing just what to say to generate important dialogues. Jimmy Burgess offers scripts that resonate in our current market moment.

Agents 179
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Strategic Tips for Buying Your First Home

Keeping Current Matters

Buying your first home is a big, exciting step and a major milestone that has the power to improve your life.

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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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eXp drops nearly 2K agents in fourth quarter as profits fall

Real Estate News

The company said its "decision to offboard a significant number of unproductive agents" in Q4 was offset by "excellent" retention of strong producers.

Agents 257
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Industry experts are closely watching delinquency rates, insurance costs

Housing Wire

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation between unemployment and delinquency rates, some homeownership costs — including insurance — have increased significantly over the past two or three years, which has had a strong financial impact on homeowners.

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Objection-handling scripts for the buyer representation agreement 

Inman

If you're rethinking your buyer consultation process and implementing a buyer representation agreement, team leader Carl Medford shares what you need to know to explain the change to your clients.

Brokerage 170
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The Share of All Cash Buyers Highest Since 2014 at 32% of All Buyers

NAR: Economic Outlook

The Share of All Cash Buyers Highest Since 2014 at 32% Since October 2022, all-cash home buyers who did not finance their recent home purchase have been more than one-quarter of the real estate market.

Finance 137
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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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Dream of homeownership still alive with young buyers

Real Estate News

Millennial and Gen Z buyers have a higher tolerance for elevated mortgage rates, and many believe it’s a good time to buy, a Realtor.com survey found.

Mortgages 250
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Opinion: There is a crucial need for real estate cybersecurity

Housing Wire

Technology is at the core of everyday real estate operations. However, recent data breaches involving major players like loanDepot , First American Financial , and others have shed light on the vulnerability of sensitive information within the industry. Many personal dreams and aspirations take shape in our industry, so safeguarding information is essential.

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15 fresh, workable video content ideas for 2024

Inman

If you know you should be creating video for marketing, but you're out of ideas, Jimmy Burgess offers plenty of strategies that are working now.

Marketing 182
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Top Tips and Considerations For Buying Land

Realty Biz

Buying land represents a pivotal investment in one's future. Unlike purchasing a ready-made home, it offers the flexibility to design and build according to personal or business needs. However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

Land 137
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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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Homeownership is up, but minorities continue to lag behind

Real Estate News

A new NAR report finds that homeownership has increased over the past decade, but Asian, Hispanic, and especially Black Americans face more hurdles.

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Keller Williams launches online real estate course

Housing Wire

Keller Williams Realty has partnered exclusively with the online learning platform Coursera to offer a comprehensive introduction to the business of real estate. Dubbed the KW Real Estate Agent Professional certificate, the program will give participants a head start in the real estate industry. “Our goal is to ensure that we’re getting the opportunity of starting a career in real estate in front of people who are actively looking for their next opportunity but may not be sure which path to take

Design 417
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Corcoran brings on 3rd Houston franchise, Corcoran Genesis

Inman

The new franchise, led by owners Nicole and Doug Freer, will service clients in Houston's suburbs. The couple's team was No. 1 in Texas based on 2022 sales volume and transaction sides.

Sales 165
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Emotional Considerations and Conflict Resolution In a Home Buyout

RIS Media

Home buyouts, especially in the throes of a divorce or during the challenging process of family inheritance, are laden with more than just financial considerations; they carry a heavy emotional weight. Often seen as a haven and a repository of memories, the home becomes a central figure in these life-altering events. Recognizing and addressing the… The post Emotional Considerations and Conflict Resolution In a Home Buyout appeared first on RISMedia.

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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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Nick Bailey out in RE/MAX leadership shakeup

Real Estate News

Amy Lessinger, former SVP of Region Development, takes over as president, while two other execs receive promotions.

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‘Worst possible outcome’: Industry experts weigh in on DOJ’s desire to decouple commissions

Housing Wire

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions. In early September 2023, Steve Murray , the co-founder of RealTrends Consulting , told HousingWire that he believed this was a possible outcome.

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Shares in Rocket up after hours as investors roll with $233M Q4 loss

Inman

Mortgage giant reports positive adjusted earnings for the third consecutive quarter, "despite some of the most difficult industry conditions in three decades," CEO Varun Krishna says.

Investor 165
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NAR: Existing Home Sales Rose in January

RIS Media

Following a drop to its lowest level in three decades by the end of last year, existing-home sales reversed course last month, rising 3.1% from December to a rate of 4.00 million in January, down 1.7% year-over-year, or 4.07 million sales, according to the latest report from the National Association of REALTORS® (NAR). NAR’s Existing… The post NAR: Existing Home Sales Rose in January appeared first on RISMedia.

Sales 118
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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.