Sat.Dec 23, 2023 - Fri.Dec 29, 2023

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After a big 2023, make no mistake: Artificial intelligence is here to stay

Inman

A year after ChatGPT burst onto the scene, real estate professionals told Inman that AI and AI-backed companies are on the way to becoming a baked-in part of the modern real estate business.

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How analysts see 2024 shaping up for mortgage lenders

Housing Wire

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. “Barring any sort of unforeseen consequences, I’d like to think so , ” Joseph said in an interview. “Obviously, this cycle was fast and furious – for lack of a better term – in terms of how quickly rates went up, and volumes basically got cut into a third of what they wer

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Home prices hit record highs, with more gains likely

Real Estate News

Despite 8% interest rates in October, annual home price growth continued to increase in most markets, the latest Case-Shiller report shows.

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These Non-Financial Benefits Turn a House into a Happy Home

Keeping Current Matters

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy.

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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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What Is a Good ROI on Rental Property?

Bigger Pockets

A good ROI on rental property typically ranges from 6% to 10%, although this can vary with location, property type, and market conditions. In some areas, ROIs over 12% are possible, while in expensive urban locations, a 4% to 6% ROI may still be favorable.

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Case-Shiller: National House Price Index Up 4.8% year-over-year in October

Calculated Risk Real Estate

S&P/Case-Shiller released the monthly Home Price Indices for October ("October" is a 3-month average of August, September and October closing prices). October closing prices include some contracts signed in June, so there is a significant lag to this data. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).

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Year in Review: Luxury Home Highlights from 2023

Sotheby's International Real Estate

Joseph Barbieri – Sotheby’s International Realty Greenwich Brokerage What constitutes a luxury home? There was no singular answer to that question in 2023, as every month produced a pageant of some of the most exemplary and visionary properties on earth. Some are chic and innovative, featuring the latest technology and forward-thinking approaches to indoor-outdoor living.

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Smart Investing: The Advantages of Purchasing Before Selling

Realty Biz

Navigating the real estate market requires strategic thinking and, often, the courage to deviate from conventional wisdom. Among the myriad strategies available to homebuyers, one that stands out for its unique approach is purchasing a new home before selling the existing one. This method, though unconventional, can be a game-changer under the right circumstances.

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Do You Get Keys at Closing? A Homebuyer’s Guide to Closing Day

HomeLight

It probably feels like it’s been ages since you started the home-buying process, and now that it’s time to sign on the dotted line, you’re wondering when you get the keys to the property. Do you get the keys at closing? In December 2023, ICE Mortgage Technology released a report showing that closing on a house can take 47 days (depending on your loan type).

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Home prices climbed in October at fastest annual rate

Housing Wire

Despite lower sales activity, home prices continued their upward trend in October, according to the S&P CoreLogic Case-Shiller Home Price Index. Real estate experts say the performance reflects limited inventory in the country, a problem expected to continue in 2024. The data released on Tuesday shows that home prices in all nine U.S. census divisions posted a 4.8% annual gain in October, up from a 4% gain in the previous month.

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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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Zillow suing ARMLS and Metro MLS over ShowingTime access

Real Estate News

Zillow Group alleges that the MLSs and the MLS Aligned network are participating in anticompetitive practices by limiting member access to ShowingTime.

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Retiring Soon? Why Moving Might Be the Perfect Next Step

Keeping Current Matters

If you’re thinking about retirement or have already retired this year, it’s a good time to consider if your current house is still a good fit for the next chapter in your life.

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The top 10 real estate advice articles of 2023

Inman

This year's top how-tos run the gamut from commission conversations to content creation. Ranked by highest readership, here are the top how-tos from Inman contributors this year.

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Zillow, ShowingTime sue 2 multiple listing services

Housing Wire

Zillow Group and ShowingTime are taking two multiple listing services (MLSs) to court, due to their allegedly anticompetitive behavior. On Friday, Zillow Group and ShowingTime filed a lawsuit in U.S. District Court in Arizona against Arizona Regional MLS and Wisconsin -based Metro MLS. The lawsuit also names MLS Aligned , the parent company of showing platform Aligned Showings.

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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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Here’s why 2024 will be 'the year of hunkering down'

Real Estate News

Mikaela Arroyo of John Burns Research says homebuyers will prioritize affordability over 'bells and whistles' and accept smaller homes that meet their needs.

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What You Need To Know About Saving for a Home in 2024

Keeping Current Matters

If you’re planning to buy a home, knowing what to budget for and how to save may sound intimidating – but it doesn’t have to be.

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Zillow files antitrust lawsuit against 2 major MLSs

Inman

The listings portal filed a complaint in U.S. District Court for the District of Arizona against Arizona Regional MLS and MLS Inc. for what it asserts are violations of federal antitrust law.

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First American cybersecurity attack disrupts closings over holidays

Housing Wire

The nation’s second largest title insurer , First American , as well as some of its subsidiaries, remain offline as of Wednesday morning in the wake of the title firm’s Dec. 20 cybersecurity incident. The systems outage has derailed closings across the country over the holidays for homebuyers and sellers using the company’s title services in more than 2,000 locations.

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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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A new commissions lawsuit lands in Missouri’s District Court

Real Estate News

Perhaps the last copycat case to be filed this year, the complaint targets NAR and 13 major brokerages in a class action suit with nationwide reach.

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Get Ready To Buy a Home by Improving Your Credit Score

Keeping Current Matters

As the new year approaches, the idea of buying a home might be on your mind.

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Navigating land purchase and investment strategies

Inman

Land expert and new Inman Contributor Poujan Sadri offers insights to help you understand the world of land use and development for residential, commercial or industrial projects.

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Mortgage rates continue a downward trend in the twilight of 2023

Housing Wire

As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded on Dec. 21 according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. The 15-year fixed-rate mortgage averaged 5.93% this week, down from 6.95% one week ago.

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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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Trends 2024: The 4 portal giants and the battle for dominance

Real Estate News

Home search sites have become an integral part of the real estate industry, for agents and consumers alike. Where do they stand, and what’s next for portals?

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What to Do With Your Home if You Buy a Second Property

RIS Media

The decision to buy a second property brings a host of considerations, and one of the most crucial among them is whether to sell or rent your existing home. This dilemma requires careful evaluation of financial, emotional, and strategic factors to ensure that the choice aligns with your goals and circumstances. We will explore renting… The post What to Do With Your Home if You Buy a Second Property appeared first on RISMedia.

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Connections that last should be the foundation of your business

Inman

Las Vegas Realtor and new Inman contributor John Sullivan says lasting success in real estate comes less from transactions and more from connections that are nurtured for the long term.

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Hackers accessed data of 1.3M customers in Fidelity cyberattack

Housing Wire

Mortgage subservicer Loancare informed authorities that the data of about 1.3 million customers was compromised following a cyberattack in November on its parent company, the big four title firm Fidelity National Financial (FNF). This data includes customers’ social security numbers. The company informed officials in Maine and California that 1,316,938 customers had information accessed by hackers during the incident.

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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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Could an alternative to NAR be coming?

Real Estate News

The New York Times — which has put an uncomfortable spotlight on NAR this year — suggests that member dissatisfaction could give rise to other options.

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Zillow files antitrust suit against real estate listing services

Seattle Times Real Estate

The case is the latest challenge to established real estate players, after a federal jury decision dealt a blow to long-standing industry commission practices.

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5 things your broker is too nice to tell you, but you need to hear

Inman

You may not want to hear the truth, writes Jimmy Burgess, but you need to hear it if you want to make big improvements in your performance. Here are the five things you need to get real about.

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First American says system has been restored; perpetrator stole data

Housing Wire

More than a week after it shut down systems to combat a cybersecurity incident , title insurance giant First American Financial says it has restored some key systems and “contained the threat.” Though details about the hack — which has delayed closings across the country — remain sparse, a filing was made with the Securities and Exchange Commission on Friday for the first time disclosing data theft. “As of the date of this filing, the Company believes it has contained the incid

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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.