2024

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NAR settles commission lawsuits for $418 million

Housing Wire

The National Association of Realtors has agreed to pay $418 million in damages to settle the commission lawsuits. The story was first reported by the New York Times. NAR’s legal counsel approved the settlement agreement early Friday morning. It has yet to be filed in court. Lawyers for the trade organization told the Times that they anticipate the settlement will be filed in the coming weeks, however it will still be subject to court approval.

Agents 538
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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 142
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House Selling Tips For a Successful Sale

Maximum Exposure Real Estate

How to Sell a House Do you want some of the best advice on how to sell a home? Who wouldn’t? Selling your home will take some work, but just because it will take effort does not mean it needs to be any more complex than necessary. By being smart about how you use your […] The post House Selling Tips For a Successful Sale appeared first on Maximum Real Estate Exposure.

Sales 137
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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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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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New Bill in Congress Targets Real Estate Investors—Here’s Why This Could Be a Big Problem

Bigger Pockets

Another bill is targeting real estate investors—this time, with a goal to “help Main Street compete with Wall Street.” What's in the bill? And what are the consequences for investors if passed?

Investor 132
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What agents need to know about commission rule changes

Real Estate News

As a part of its proposed settlement, NAR agreed to significant policy changes that will impact how all agents do business — and how buyer agents get paid.

Agents 134
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Overflow Crowd Packs Gowanus Church for Rowdy Meeting Over Migrant Shelter

Brownstoner

Spaced elbow to elbow in Hoyt Street’s City Life Church Monday night, Gowanus locals aired their concerns at a community meeting on a migrant shelter for 400 men slated to open in a former factory building on 3rd Street. A vocal group dominated the meeting, heckling speakers and yelling snipes… Read More > The post Overflow Crowd Packs Gowanus Church for Rowdy Meeting Over Migrant Shelter appeared first on Brownstoner.

Marketing 129
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A Seattle suburb known for affordability becomes example of U.S. debate on homelessness

Seattle Times Real Estate

Over the course of a year, a Seattle suburb’s grapple with how to handle a small but growing homeless population showed the faultlines in current U.S. response.

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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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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 133
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Why is housing inventory growing with higher mortgage rates?

Housing Wire

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. Of course, I have a different view. My podcast partner, Editor in Chief Sarah Wheeler, disagrees, along with many others. You can see our debate on this topic here.

Mortgages 534
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WATCH LIVE: Ed Zorn, NextHome CEO on the $418M NAR settlement

Inman

NextHome CEO James Dwiggins, Strategic Officer Keith Robinson and Ed Zorn, the California Regional MLS general counsel, tackle NAR's big settlement. Stream it live, exclusively at Inman.

MLS 198
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The Age of the U.S. Housing Stock

Eye on Housing

The median age of owner-occupied homes is 40 years old, according to the latest data from the 2022 American Community Survey[1]. The U.S. owner-occupied housing stock is aging rapidly especially after the Great Recession, as the residential construction continues to fall behind in the number of new homes built. New home construction faces headwinds such as rising material costs, labor.

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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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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 137
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Fed Chair Powell Affirms Rate Cuts Are Coming This Year as U.S. Moves Closer to 2% Inflation Goal

RIS Media

Federal Reserve Chair Jerome Powell on Wednesday signaled that rate cuts are coming this year, sticking to the Fed’s cautious script about slashing rates too quickly before it has a sustained handle on inflation. “In our pursuit of our dual mandate, the Federal Reserve remains steadfast in promoting maximum employment and stable prices for the… The post Fed Chair Powell Affirms Rate Cuts Are Coming This Year as U.S.

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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 133
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Today’s Impacts on Property Insurance Costs—And What Investors Can Do About It

Bigger Pockets

As insurance premiums climb, property owners need to grasp how economic conditions and natural disasters affect the insurance market. These insights provide practical guidance for real estate investors navigating a dynamic, unpredictable market.

Investor 122
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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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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 138
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A ‘Prime’ Listing: The House Where Amazon Was Born

National Association of Realtors: Culture Scan

A ‘Prime’ Listing: The House Where Amazon Was Born The listing agents have preserved the history of the property where Jeff Bezos invented his trillion-dollar company.

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Kenmore’s canceled affordable housing project draws sharp criticism

Seattle Times Real Estate

Plymouth Housing — which operates permanent supportive housing for nearly 1,200 people — said it’s never come so far on a project to have it end so suddenly.

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Astro-Hues: Unveiling the Color Palette for Each Zodiac Sign

Redfin

Embark on a celestial journey where the vibrant tapestry of the cosmos intertwines with the hues that paint our world. In this Redfin article, we will delve into the mystical connection between zodiac signs and the shades that resonate most deeply with each individual. So whether you are an Aries renting an apartment in Providence, RI , or a Taurus living in a townhouse in Cambridge, MA , join us as we unravel the secrets of the universe, one color at a time.

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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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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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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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Moody's: Apartment Vacancy Rate increased in Q4; Office Vacancy Rate in "Uncharted Territory" at Record High

Calculated Risk Real Estate

From Moody’s Analytics Economists Thomas LaSalvia, Lu Chen and Nick Luettke: Apartment and Industrial Changed Course, Office Entered Uncharted Territory, and Retail in Holding Pattern Construction has been a hot topic for multifamily sector, especially after a sluggish few years due to supply chain constraints and labor shortages. As Moody’s Analytics CRE tallies Q3 completion number Multifamily performance changed course in the fourth quarter with net absorption plummeted from an av

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Twenty Two Mistakes to Avoid as a First-Time Buyer

Maximum Exposure Real Estate

Do you know the most common first-time home buyer mistakes? You probably feel overwhelmed if this is your first time buying a house. There is a lot to learn, and it can feel like a bit of a juggling act—which can be hard to do when you’ve never juggled before. Fortunately, plenty of people have […] The post Twenty Two Mistakes to Avoid as a First-Time Buyer appeared first on Maximum Real Estate Exposure.

As-is 138
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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.