June, 2024

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VA issues temporary fix to allow buyer-paid broker fees

Housing Wire

The U.S. Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. The change, a result of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , was anticipated late last month and commented on by Michelle Corridon, the deputy policy director at the VA.

VA loan 513
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Selling Smart: Why a Real Estate Agent Makes All the Difference

Keeping Current Matters

If you’re considering selling your house on your own as a “For Sale by Owner” (FSBO), you want to think about if it’s really worth the extra stress.

Agents 256
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Nick Bailey: 5 lessons for leaders of public real estate companies

Real Estate News

Bailey, the former CEO of RE/MAX, discussed the keys to success when leading a business that is accountable to both customers and shareholders.

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MLSs remain valuable tools after the NAR settlement

Inman

As compliance becomes even more top of mind for the industry, Realtracs CEO Stuart White writes, MLSs have an enhanced role as a reliable resource to support professionals in following developing processes and procedures.

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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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Bed Stuy Homeowners Call on LPC to Preserve Historic Brownstone Blocks

Brownstoner

More than 30 years after the city’s landmarking body first considered preserving a historic section of Willoughby Avenue and Hart Street in Bed Stuy, residents -- some whose brownstones have been in their family for five generations -- were able to share at a public hearing why they are calling… Read More > The post Bed Stuy Homeowners Call on LPC to Preserve Historic Brownstone Blocks appeared first on Brownstoner.

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Amazon commits an additional $1.4 billion to affordable housing

Seattle Times Real Estate

Amazon invested $2.2 billion in affordable housing units faster than it expected. Now, it has committed an additional $1.4 billion for more projects.

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Home Prices Aren’t Declining, But Headlines Might Make You Think They Are

Keeping Current Matters

If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify.

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Mortgage rates decline for a second week, boosting applications

Real Estate News

Buyers have more inventory to choose from, but the uptick in demand could be short-lived as the lock-in effect and price growth continue to stymie sales.

Mortgages 257
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VA officially unveils rules to allow vets to pay broker commissions

Inman

The temporary rules were first announced in May ahead of Memorial Day and came in response to calls from Realtors who feared veterans would become less competitive in the new landscape.

Brokerage 181
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Pricing Strategies for Houses in Poor Condition

RIS Media

Are you wondering how to set an accurate price for a home in rough shape? Selling a house in poor condition presents unique challenges, primarily in setting a price that reflects its current state and potential market value. I will provide tips for effective pricing strategies for such properties, unpack the factors influencing their valuation… The post Pricing Strategies for Houses in Poor Condition appeared first on RISMedia.

Marketing 132
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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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Neighbors Organize Against Deed Theft, Call Out Investors Who Target Heirs

Brownstoner

On a recent Saturday, a crowd of around 50 people gathered outside 212 Jefferson Avenue in Bed Stuy to hold a mock trial against property speculator brothers Joseph and Elliot Ambalo, and others who target elderly or vulnerable homeowners in predominantly Black and brown neighborhoods. The mock trial, which included… Read More > The post Neighbors Organize Against Deed Theft, Call Out Investors Who Target Heirs appeared first on Brownstoner.

Investor 129
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Homeowners sitting on a pile of cash with $17T in home equity: CoreLogic

Housing Wire

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 trillion in equity over the past year, according to a CoreLogic report released Friday. The average U.S. homeowner with a mortgage added $28,000 in equity during the year ending in March 2024 — the highest year-over-year increase since late 2022.

Equity 470
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More Than a House: The Emotional Benefits of Homeownership

Keeping Current Matters

With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home.

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Douglas Elliman dismissed from buy-side commission case

Real Estate News

Compass, eXp, Redfin, Weichert, United Real Estate and Hanna among remaining defendants in Batton 2 case; a smaller case moves closer to a settlement.

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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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Coldwell Banker Warburg welcomes 2 ‘boomerang’ agents

Inman

Broker Bill Kowalczuk and agent David Harris were not gone for long before realizing they missed Coldwell Banker Warburg's robust support systems. Agent Guy Hobson has also joined the firm.

Agents 172
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4 Easy Ways Sellers Can Stage Their Houses Themselves at Little Cost

RIS Media

Of course you would like seller clients to have their homes professionally staged if you think it needs it. But sometimes homeowners will not want to spend the money or agree to make drastic changes to rooms, especially if they are living there. Creative agents can at least make suggestions that cost little, but either… The post 4 Easy Ways Sellers Can Stage Their Houses Themselves at Little Cost appeared first on RISMedia.

Staging 125
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What It Takes for Investors to Build a Powerful Lead List and Keep Deals Flowing

Bigger Pockets

This article is presented by DealMachine. Read our editorial guidelines for more information. A well-built, up-to-date lead list is an essential component of success in real estate investing.

Investor 115
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How much longer will we have to deal with higher mortgage rates?

Housing Wire

Given last week’s surprising jobs report, how much longer will we have to deal with higher mortgage rates ? The labor data will be the key to answering that question. It’s essential to track the labor data along with inflation because the key to getting lower mortgage rates for longer lies with the labor data more than inflation. That makes this week another one to watch since we will have CPI inflation and the Federal Reserve meeting results on Wednesday.

Mortgages 463
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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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Real Estate Is Still the Best Long-Term Investment [INFOGRAPHIC]

Keeping Current Matters

According to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years.

Equity 227
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Commission-sharing sites are cropping up — will they last?

Real Estate News

MLSs will no longer display offers of compensation, but some online startups say they have workarounds that comply with new rules. The DOJ may disagree.

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Microsoft removes portal data from Bing Real Estate after outcry

Inman

Four days after Bing Real Estate came under fire for its alleged co-opting of listing data from Zillow, Redfin and Realtor.com, Microsoft has removed for-sale listing data from its site.

Sales 183
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How to Avoid Losing Earnest Money Deposit When Buying a Home

RIS Media

Buying a home involves multiple steps, including providing an earnest money deposit. This deposit is a sign of good faith between the buyer and seller. It indicates the buyer’s commitment to purchasing the property. However, losing this deposit can be a significant financial setback. I will guide you with the following information so you don’t… The post How to Avoid Losing Earnest Money Deposit When Buying a Home appeared first on RISMedia.

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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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Built-for-Rent Housing Starts Continue to Increase

NAR: Economic Outlook

Built-for-Rent Housing Starts Continue to Increase Built-for-rent is the concept of new single-family home construction for the intent of renting, a possible solution for people not yet ready to buy.

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U.S. job creation exceeds forecasts, signals delays in rate cuts

Housing Wire

Job creation that exceeded expectations in May has reinforced the perception that the Federal Reserve will maintain the same benchmark interest rates at its June meeting and may delay any rate cuts that were planned for this year. This means that mortgage rates are likely to be higher for even longer than previously expected. The U.S. economy added 272,000 jobs in May, above the market consensus estimate of 180,000.

Mortgages 467
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Savings Strategies Every First-Time Homebuyer Needs To Know

Keeping Current Matters

If homeownership is on your goal sheet for your future, you’re probably working on your savings.

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'Unfiltered' podcast: Using the media to your advantage

Real Estate News

Watch the conversation with industry news leader Mitch Robinson as he offers advice for working with local news outlets to “tell your story in a proactive way.

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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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‘Drive safe’ and 5 other ways real estate dads say ‘I love you’

Inman

From bad "dad jokes" to checking our tire pressure, dads have many unique ways to show love. Trainer Rachael Hite writes that real estate dads have mastered the Acts of Service love language.

Brokerage 156
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DOJ Intervention Violates Free Speech, MLS Argues

RIS Media

MLS PIN, the Massachusetts-based listing service that has become a focal point of the Department of Justice’s (DOJ) interest in real estate commission practices, yesterday filed its long-awaited response to antitrust regulators as it urged a federal judge to reject DOJ arguments that “fail on their own terms” in a proxy battle over compensation structure.… The post DOJ Intervention Violates Free Speech, MLS Argues appeared first on RISMedia.

MLS 117
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You Are Prone to Errors—Avoid These 5 Scientifically Proven Mental Traps When Making Investment Decisions

Bigger Pockets

A standard economics textbook depicts humans as rational beings who always employ careful analysis to make the most advantageous decisions based on the costs and benefits of the available options.

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Offerpad and Realtor.com team up to make cash offers available to portal users

Housing Wire

The iBuying platform Offerpad and Realtor.com are teaming up. In an announcement on Tuesday, the firms said that Offerpad was integrating with Realtor.com. According to the release, the integration will allow Offerpad to provide a cash offer to more sellers and will extend Offerpad’s reach to a larger audience of potential sellers. “Over the past year, with all of the adversity happening for buyers and sellers and the industry in general, we have really been focused on trying to find buyers and

Finance 445
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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.