February, 2024

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NAR runs out of liability insurance coverage: Sources

Housing Wire

Three sources, who have asked to remain anonymous, have confirmed to HousingWire that the National Association of Realtors (NAR) has run out of liability insurance funds. The news about NAR’s insurance predicament began circulating late Wednesday , with industry analyst Rob Hahn highlighting the news in the Thursday edition of his email newsletter NotoriousROB.

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Strength in home prices helped boost Fannie, Freddie 2023 profits

Inman

With a combined net worth of $125 billion after earnings this week, the mortgage giants remain on a path that could lead to eventual release from government conservatorship if political winds shift.

Mortgages 217
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Freddie Reports Surge in Multifamily Serious Delinquencies

Calculated Risk Real Estate

This is no surprise, but still a very large monthly increase in the delinquency rate. The multifamily rate increased recently as rent growth has slowed (and rents are falling in some areas), vacancy rates have increased, and borrowing rates have increased sharply. Freddie Mac reports that the multi-family serious delinquency rate increased sharply in January to 0.44% from 0.28% in December, and up from 0.12% in January 2023.

As-is 141
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Navigating House Options During a Divorce

RIS Media

Divorce is not just an emotional upheaval but also a time of significant financial and legal decisions. It’s especially true when it comes to shared housing. The marital home is often more than just an asset. It’s a repository of memories and dreams. Deciding what to do with it during a divorce can be particularly… The post Navigating House Options During a Divorce appeared first on RISMedia.

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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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Don't Be Fooled By The Inaccuracy of Zillow Zestimates

Realty Biz

In the digital age, Zillow has become a go-to platform for individuals looking to buy, sell, or assess the value of real estate. At the heart of Zillow's appeal is its incredible database of valuable real estate information. Unfortunately, one aspect of the site falls short. Their 'Zestimate' is an estimated market value for a home. Zillow provides an easy-to-use interface and immediate property value estimates.

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Rocket to shut down origination channel for real estate and insurance agents

Housing Wire

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages. According to a copy of an email sent to affected originators this week and reviewed by HousingWire, the Rocket Pro Originate platform — part of the company’s third-party origination channel — is to be sunset by the end of June.

Agents 483
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Buyer agency contracts riddled with ‘unfair’ terms, CFA declares

Inman

The Consumer Federation of America, a watchdog group, examined 43 contracts from 37 states, most from state or local Realtor associations, and found practices it believes worthy of scrutiny.

Brokerage 194
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Investors Are Buying a Record Share of Low-Priced Homes—What Does It Mean for the Market?

Bigger Pockets

In Q1 2023, investors bought 49% fewer homes than the year prior. Now, we're seeing a rise in investor activity again, with certain property classes more popular than others. What are investors doing, and what should you be buying?

Investor 118
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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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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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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 132
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What to Fix When Selling a Home

Maximum Exposure Real Estate

Do you know what fixes to make before selling your house? If not, you’ve come to the right place! It is easy to miss a lot of the wear and tear that has happened to your house over the years. But when you start thinking about selling, the state of your home becomes much more […] The post What to Fix When Selling a Home appeared first on Maximum Real Estate Exposure.

Marketing 122
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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 532
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Homebuyer mortgage demand down for 5th consecutive week

Inman

With mortgage rates hovering above 7 percent, requests for purchase loans were down by a seasonally adjusted 5 percent week over week and 2 percent lower than a year ago.

Mortgages 190
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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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Seattle property taxes among top 5 most expensive in big U.S. cities

Seattle Times Real Estate

The median property tax paid by Seattle homeowners in 2022 was around $6,800. From 2010 to 2021, it rose a whopping 89%. Columnist Gene Balk digs into the data.

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Questions to Ask a REALTOR® When Getting Divorced

RIS Media

Divorce can be challenging and emotional, and one of the significant decisions couples often face is selling their house. Selling a house during divorce can complicate an already difficult situation. That’s where hiring a REALTOR® with divorce experience comes in. Divorcing couples can navigate the home-selling process far more efficiently with a pro in their… The post Questions to Ask a REALTOR® When Getting Divorced appeared first on RISMedia.

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DOJ to court: Buyers need to set their agents’ compensation

Real Estate News

A statement of interest filed late Thursday by the Department of Justice savages the proposed MLS PIN settlement, and calls out MLSs for limiting competition.

MLS 137
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23 Energy Saving Tips for Winter Around Your House

Maximum Exposure Real Estate

Would you like to learn how to save energy at home? Who wouldn’t, right? For some people, winter is a beautiful season. It is filled with holiday cheer and plenty of activities that can only happen when the temperature drops. For others, it is a season that causes great discomfort, one that can only be […] The post 23 Energy Saving Tips for Winter Around Your House appeared first on Maximum Real Estate Exposure.

Marketing 126
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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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HUD, VA announce $14.5M for veterans seeking permanent housing

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) this week announced the awarding of more than $14.5 million that will be distributed by public housing agencies (PHAs) across the country in an effort to house veterans. The funds will be distributed by the PHAs through more than 1,400 HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers.

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Inman’s 2024 Global Real Estate Influencers revealed

Inman

Broker and reality television legend Ryan Serhant headlines an all-star roster of the industry's most compelling voices for the second-annual Inman Global Real Estate Influencers program.

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4 Powerful and Dynamic Factors That Influence Real Estate Values

Realty Biz

The real estate market is a complex and dynamic arena where various factors interplay to determine home values. Understanding these factors is crucial for homeowners, investors, and industry professionals to make informed decisions. A myriad of components influences market trends in real estate. Some include but are not limited to supply and demand dynamics, interest rates, and broader economic indicators.

Investor 133
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The Comprehensive Guide to the Pros and Cons of Buying Used Appliances

RIS Media

In today’s consumer-driven society, purchasing new or used appliances is a common dilemma. While brand-new appliances come with the allure of the latest technology and warranties, buying used appliances has advantages and disadvantages. We will examine the pros and cons of buying used appliances. Our guidance will help you decide based on your unique needs… The post The Comprehensive Guide to the Pros and Cons of Buying Used Appliances appeared first on RISMedia.

Branding 138
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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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A letter from the publisher: What value do you place on local news in your neighborhood?

Brownstoner

One of the first community newspapers I acquired came with three vaults in the office. I was given the combination for each, but no longer had use for them. The vaults had been used to store the revenue collected from sales of newspapers at newsstands and subscriptions, but that was no… Read More > The post A letter from the publisher: What value do you place on local news in your neighborhood?

Sales 112
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Dave Ramsey Is Wrong—Doing This Won’t Make You Wealthy, But There Is Another Way

Bigger Pockets

Dave Ramsey is famous for his personal finance tips, most of which revolve around cutting expenses and adopting more frugal habits. That's great and sound advice, but it won't make you "rich." This is what you should do instead.

Finance 116
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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

The cost of owning a condominium in Florida has shot up significantly in recent months, prompting a wave of homeowners to offload their properties. The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. The average cost of a policy increased 40% in 2023 alone, according to a report by Redfin.

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Beverly Hills spec mansion nets $30.1M in discounted sale

Inman

The property, sold by developer Adnan Sen, first hit the market for $39.9 million in 2020. It includes a nine-bedroom main house, one-bedroom guesthouse, a pool and a 10-car gallery garage.

Sales 180
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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.