Tue.Feb 20, 2024

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Record number of 65-year-olds will reshape the age milestone: WSJ

Housing Wire

More Americans are reaching the milestone age of 65 , and these people are redefining what 65 looks like in comparison to prior generations — with a raft of implications for American society. This is according to a recent story published by the The Wall Street Journal. “Today’s 65-year-olds are redefining a milestone long associated with retirement parties and the end of productive years,” the article stated.

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Things I’ve learned after 15 years of blogging

Sacramento Appraisal Blog

Today my blog turns 15 years old. And blog years are sort of like dog years, so my blog is basically super old and wearing Depends now. Anyway, today I want to share some things I’ve learned along the way about content and life. And I know it sounds cheesy, but the best thing to […] The post Things I’ve learned after 15 years of blogging first appeared on Sacramento Appraisal Blog.

Appraisal 378
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Minority homeownership gains ground, but disparities persist: NAR

Housing Wire

The dream of homeownership is becoming more attainable for many Americans, with 10.5 million homeowners added between 2012 and 2022. Some racial minorities also witnessed a surge in their homeownership rates. According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% and 51.1%, respectively.

Buyers 436
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Former Zillow exec pivots mortgage site Tomo into home search

Real Estate News

CEO Greg Schwartz says Tomo will stand out by offering “negotiation insights,” which includes personal information about home sellers.

Sellers 293
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What should lenders consider in 2024 for collateral risk?

Housing Wire

Gareth Borcherds, managing director, Ascent Software Group The GSEs are taking a closer look at how they evaluate collateral risk. Appraisal modernization is vital. Gareth Borcherds , managing director Ascent Software Group outlines the three categories to be aware of, how appraisal modernization can help scale new initiatives and more in this executive conversation.

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Why United’s CEO isn’t interested in ‘shiny’ downline models

Real Estate News

United boosted agent count in 2023, but not with rev share or stock incentives. CEO Dan Duffy shared his thoughts on why the flat-fee model is a win for agents.

Agents 262

More Trending

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Success in One Step

The Appraiser Coach

I’ve talked a lot about what I term the “principles of success.” I truly believe in them, and I think they are all important to achieving success. A lot of people ask me though what the one key to success is. In reality, there isn’t just one. There are many little things that need to be done in order to get where you want to be. However, there is one very important key to success that I’d like to talk about today: action.

Training 195
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Baird & Warner partners with data provider RealReports

Housing Wire

Illinois-based Baird & Warner , an independent real estate brokerage, partnered with proptech firm RealReports , the companies announced Tuesday. The news comes on the heels of the Keyes Company ’s partnership with RealReports in October 2023. The collaboration is designed to allow all of Baird & Warner’s 2,000-plus agents to benefit from RealReports’s wide-ranging property data.

Brokerage 406
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HomeServices of America dismissed from commissions case

Real Estate News

The Batton 1 lawsuit was brought by buyers, not sellers, and will move forward against NAR, Anywhere, RE/MAX and Keller Williams with fewer claims.

Sellers 235
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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. Legislation that is pending in Massachusetts , if enacted, would change at least one part of this equation for home inspectors in that state — and potentially in other states, if lawm

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CoStar revenue — and Homes.com push — beats expectations

Real Estate News

CEO Andy Florance said Homes.com sold $4.5 million worth of new subscriptions to residential real estate agents in the first week after the Super Bowl.

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Opinion: The role of the LO will soon be very different

Housing Wire

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. The impact of the pandemic and an unprecedented refinance boom followed in short order by the highest interest rates seen in decades cannot be overstated. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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How the rise of ADUs is creating new opportunities for agents

Real Estate News

As extra dwelling units become more mainstream, agents can market them as both a revenue source and a lifestyle.

Agents 248
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Ardley launches white-label automated underwriting engine

Housing Wire

Reston, Virginia-based Ardley Technologies announced on Tuesday the launching of its white-label automated underwriting engine called Autopilot, which the company states will enable lenders to create instant, conditional loan approvals for qualified borrowers. “The main thing about Autopilot is the speed with which we can offer a decision to a borrower,” Nate Den Herder, founder and CEO of Ardley, said in an interview. “Most technologies are not architected to do a million l

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CoStar maintains winning streak and grows revenue yet again in Q4

Inman

CEO Andy Florance touted his company's residential portal Homes.com as the "fastest growing residential property site in the United States" in a new earnings report released Tuesday.

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AlphV/BlackCat claims credit for loanDepot cyberattack

Housing Wire

Infamous ransomware gang AlphV/BlackCat claimed it was behind the January cyberattack at top 15 U.S. mortgage lender loanDepot. loanDepot, which originated about $17 billion in mortgages in the first three quarters of 2023, had reported that a cyberattack brought down the company’s systems earlier this year. The ransomware gang claimed it offered loanDepot $6 million for the data and decryptor, but the lender tried to buy time by offering a bigger ransomware payment to AlphV/BlackCat.

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Greg Schwartz’s Tomo launches AI-powered home search platform

Inman

Former Zillow executives Greg Schwartz and Carey Armstrong have launched an artificial intelligence-powered home search portal under their company, Tomo. The portal is available to homebuyers in 21 states.

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CoStar continues to post solid growth in the fourth quarter 

Housing Wire

C oStar Group ’s annual revenue increased by 12% during the fourth quarter of 2023, marking its 51st straight quarter of double-digit revenue growth. The company reported revenue of $640 million and net income of $96 million for the quarter. Meanwhile, the company reported revenue of $2.46 billion for the year ending Dec. 31, 2023, up 13% from $2.18 billion for the full year 2022.

Agents 387
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Alex Vidal is moving ERA Real Estate out of the shadows

Inman

Ahead of his first Fuel conference as president, Alex Vidal shares what makes ERA special, the inspiration behind his coaching sessions and how the brand plans to be "louder" in 2024.

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Reduce title, real estate and mortgage risk with a cyber response plan

Housing Wire

In today’s rapidly changing technology landscape, businesses in the title insurance , mortgage and real estate industries must prioritize cybersecurity response planning and business continuity. The second in our “ Reducing Risk ” series, this month’s article provides practical strategies for safeguarding your enterprise to ensure its resilience against cyber threats.

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Construction costs poised to rise up to 6% in 2024

Inman

Building costs will rise between 3 percent and 6 percent throughout 2024, depending on the market, according to data released Tuesday by cost management firm Currie and Brown.

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Credit for Builders Remains Tight, But Tightening is Less Widespread

Eyes on Housing

During the fourth quarter of 2023, credit for residential Land Acquisition, Development & Construction (AD&C) remained tight, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s. However, the tightening was not as widespread as it was in recent quarters. The net easing indices derived from both surveys were negative once again in the fourth quarter, indicating.

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Mission accomplished: Real nets another eXp office

Inman

The Real Brokerage added 30 more agents to its rapidly growing organization with the addition of Mission Brokerage in Richmond, Virginia.

Brokerage 175
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4 Ways GoFormz Prioritizes Data Privacy

GoForrmz

Your data is secure with GoFormz In an era where data is often referred to as the new gold, businesses are becoming increasingly concerned about the safety and security of their sensitive information. Whether it's collecting crucial patient details through a medical intake form or safeguarding specific scopes of work from personnel without clearance, GoFormz provides multiple avenues to uphold data privacy.

Legal 78
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Landlord accounting tips for a smoother tax season

Inman

There are ways to simplify the tax preparation process and stay organized throughout the year, RentRedi CEO Ryan Barone writes, so that when tax time rolls around, it’s smooth.

Landlords 147
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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. You might ask yourself how they can collaborate given two different goals, however, I believe it can be done.

Agents 86
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Nevada homeseller files yet another commission lawsuit

Inman

Angela Boykin is suing over a home sale from 2022. Her case is the second such recent lawsuit out of Nevada, and adds to the growing number of cases that have followed the Sitzer | Burnett verdict.

Realtors 147
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Investors: Stop Worrying About Interest Rates—Here’s Why Right Now Is the Time to Buy

BiggerPockets

Now that the new year buzz has settled and the reality of persistently high mortgage rates has set in, how should investors react?

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Jungo and Homebot team up to cultivate mortgage prospects

Inman

Integration of Jungo's CRM solution with Homebot lets mortgage loan officers share real-time data and insights into market trends, interest rates and property values with prospective clients.

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Roofing Inspection Checklist to Get Ahead of Problems

Will Springer Realtor

A roof inspection is one of those preventive maintenance jobs that are easy to overlook. Don’t! Add an annual reminder to your calendar, then go out on a warm day and address any roof problems you find. If you’re uncomfortable about heights, don’t worry. You can do a thorough inspection from the ground using a pair of binoculars. Or, you can get up close and personal with your roof using a ladder.

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WATCH: The real estate portal wars heat up

Inman

Realtor.com CEO Damian Eales addresses the rivalry with Homes.com and shares why competition is good for agents and consumers.

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Potential homebuyers opt for variable mortgages following rate cuts assumptions

Mortgagebroker News

Many believe that the short-term pain will be worth the long-term gain

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Truv aims to grow mortgage client base with new integrations

Inman

More lenders can access Truv's income and employment verification services following recent integrations with Dark Matter Technologies, Freddie Mac and nCino.

Clients 146
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How are soaring rents impacting Vancouver residents?

Mortgagebroker News

New report shines light on effect of surging cost of living

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