Sat.Feb 24, 2024 - Fri.Mar 01, 2024

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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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Why We Aren't Headed for a Housing Crash

Keeping Current Matters

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows.

Marketing 236
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US housing market posted record-setting value growth in 2023

Inman

Despite slowing sales, the value of the U.S. housing market experienced record-breaking growth in 2023, according to Redfin's latest housing report. The total value of 90 million U.S. homes rose from $45.1 trillion in December 2022 to $47.5 trillion in December 2023 — a 5.3 percent annual difference.

Marketing 175
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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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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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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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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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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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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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Why Today’s Housing Supply Is a Sweet Spot for Sellers

Keeping Current Matters

Wondering if it still makes sense to sell your house right now?

Marketing 262
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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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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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eXp Must Face Cover-Up Allegations in Sexual Assault Lawsuit, Judge Rules

RIS Media

A federal judge is allowing four women to move forward with civil claims that they were drugged and sexually assaulted by eXp recruiters at company events, ruling the alleged victims have “plausibly” contended that two high-profile influencers raped them—and that the company and CEO Glenn Sanford are culpable for failing to implement safeguards, as well… The post eXp Must Face Cover-Up Allegations in Sexual Assault Lawsuit, Judge Rules appeared first on RISMedia.

As-is 118
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A San Diego data dive shows a market upended by tight supply

Housing Wire

California is home to roughly 39 million people, making it by far the nation’s most populous state. In 2022, however, only 55.3% of its occupied homes were owner-occupied, the third lowest percentage in the U.S. after New York (53.9%) and Washington, D.C. (42.3%), according to the Census Bureau. Landing a California home is hard and expensive – especially in San Diego.

Marketing 417
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Why You Want an Agent’s Advice for Your Move

Keeping Current Matters

No matter how you slice it, buying or selling a home is a big decision.

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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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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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What Are Seller Credits in Real Estate: The Assistance Buyers Need

RIS Media

In real estate transactions, buyers and sellers often negotiate various aspects of the deal. Negotiations can include the purchase price, closing costs and contingencies. One element that frequently arises during these negotiations is referred to as seller concessions or repair credits. These credits can play a significant role in shaping a real estate deal’s final… The post What Are Seller Credits in Real Estate: The Assistance Buyers Need appeared first on RISMedia.

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Cyberattack at loanDepot affects 17M individuals, with up to $17M in expenses

Housing Wire

An update on loanDepot ’s January cyberattack shows that a higher number of individuals were affected than previously disclosed, while tens of millions of dollars in additional expenses will be added to the company’s first-quarter earnings results. On Tuesday morning, the top 15 U.S. mortgage lender announced that it will notify 16.9 million individuals whose sensitive personal information was impacted by the cyber incident. loanDepot will offer credit monitoring and identity protection services

Mortgages 427
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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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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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Why thousands of women will have to make health care moves in 2024

Inman

How far do you have to drive in your state to receive quality maternal health care? To receive emergency services? These kitchen table issues are on your prospect's minds, Rachael Hite writes.

Agents 168
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CubiCasa Continues to Expand its MLS Partnership Program

RIS Media

CubiCasa—the global leader of interior property data mapping through simple smartphone scanning—announced the addition of 10 more MLSs to its growing MLS Partnership Program, designed to make floor plans ubiquitous in U.S. real estate listings. This expansion of the program marks yet another landmark in its growth as it nears 50 total members since launching… The post CubiCasa Continues to Expand its MLS Partnership Program appeared first on RISMedia.

MLS 120
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Newrez partners with Newzip to court more homebuyers

Housing Wire

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services. They will also be offered closing cost credits of up to 0.5% of the sales price when buying a home and up to 1% when selling.

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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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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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How far would you go to protect your buyer clients? The Download

Inman

The Consumer Federation of America, an industry watchdog, says that the buyer agreements you're depending on are woefully inadequate to properly protect homebuyers.

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COURT REPORT: Judge Validates Buyer Claims; Ex-eXp Agent Responds to Assault Claims

RIS Media

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. In the wake of a revealing and foreboding intervention by the Department of Justice (DOJ) in a commission lawsuit settlement, the broader real estate industry is currently processing the increasingly stark prospect of… The post COURT REPORT: Judge Validates Buyer Claims; Ex-eXp Agent Responds to Assault Claims appeared first on RISMedia

Agents 123
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SmartZip Review: Can data improve your prospecting game?

Housing Wire

It’s no secret that homeowners search online to find a listing agent who can sell their home quickly and for top dollar. But what if you could find them first? What if you could target the right prospects, at the right moment using data? If you’re an agent, team or brokerage looking to keep a pipeline of qualified listing leads coming your way, SmartZip may the solution you need.

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Pros and Cons of Mobile Homes Rent to Own

HomeLight

Many first-time homebuyers are feeling squeezed out of homeownership because of rising home prices, high interest rates, and strict mortgage financing requirements. In the quest for affordable options, some have turned to a strategy that combines the affordability of mobile homes (or manufactured homes) with the convenience of rent-to-own — mobile homes rent to own.

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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.