Thu.Sep 28, 2023

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Pending home sales fell 7.1% in August

Housing Wire

Mirroring the trend for new home sales , pending home sales fell 7.1% in August, according to data released Thursday by the National Association of Realtors (NAR). All four regions of the U.S. posted month-over-month and year-over-year declines in transactions. Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July.

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Mortgage rates soar to 23-year high

Real Estate News

Even as interest rates climb, home prices aren't budging, a combo which may "put the brakes on the housing market.

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Actually Agents joins The Broke Agent within BAM

Housing Wire

Real estate media just got funnier as Actually Agents will join The Broke Agent within BAM , a real estate media company. While continuing to operate independently, Luca Alboretti of Actually Agents and Eric Simon of The Broke Agent will “collaborate to produce funny and engaging content that both entertains and educates real estate professionals,” BAM announced in a press release Thursday.

Agents 473
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Pending home sales slid a staggering 7.1% in August

Real Estate News

The decline could mark "the beginning of the end of this resilient housing market," according to one economist.

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Mortgage rates surge to highest level since 2000

Housing Wire

Mortgage rates climbed again this week as investors braced themselves for ‘higher-for-longer’ conditions following last week’s Fed meeting. Additionally, the yield on 10-year treasuries shot up to 4.6% on September 27 from 4.3% a week prior. Just before noon on Thursday, they were Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.31% as of Sept. 28, up 12 basis point from last week ’s

Mortgage 466
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Teams on the Move: @properties, KW, Compass gain teams

Real Estate News

Chicago duo takes North Shore business to @properties; No. 1 New Orleans agent joins Keller Williams; Compass team increases brokerage's Milwaukee presence.

Brokerage 215

More Trending

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MoxiWorks bridges 2 popular products to simplify lead response

Inman

The update allows users to directly access presentations and CMAs from MoxiPresent while working within MoxiEngage, the company’s popular customer relationship management solution.

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ICE envisions an unstoppable ‘life-of-loan’ platform with Black Knight acquisition

Housing Wire

Having completed the $12 billion acquisition of Black Knight , Intercontinental Exchange (ICE) is confident in evolving into a true life-of-loan platform: powering origination to final settlement, all in one unified digital ecosystem, executives said during its conference call with analysts. “By integrating Black Knight servicing, and robust data and analytics offering with ICE’s industry leading loan origination data and document automation platform, as well as our closing and consumer engageme

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5 fresh, must-try ChatGPT strategies for next-level results

Inman

Artificial intelligence tools like ChatGPT provide unprecedented leverage when you know how to use them effectively. Jimmy Burgess and Andy Beal offer strategies to help you make the most of this game-changing tech.

Tools 190
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Zillow moves to have REX suit dismissed

Housing Wire

After nearly 10 days of trial proceedings, Zillow is ready for its years-long legal battle with REX Real Estate to be over. On Wednesday, just nine days after the long-awaited trial’s September 18 start date, the real estate behemoth file a motion for judgment as a matter of law in the U.S. District Court in Seattle hearing the trial. A judgement as a matter of the law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance,

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Franchisee drops misconduct claim against Keller Williams, Gary Keller

Inman

Inga Dow filed a notice in the U.S. District Court for Northern Texas on Monday dismissing claims against all but former KW CEO John Davis, who she said harassed and abused her while KW did nothing.

Brokerage 190
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New York Gov. Hochul signs bill giving flood risk ‘right to know’ to homebuyers

Housing Wire

New York Gov. Kathy Hochul (D) last week signed a bill into law that establishes a flood risk “right to know” for homebuyers. The legislation is meant to safeguard prospective homeowners against the expanding risks of flooding and natural disasters. Assembly Bill A1967 “requires disclosure of information concerning flood insurance on property condition disclosure statements [and] relates to liability with respect to property disclosures,” according to the bill’s official description on the New Y

Law 410
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3 tips to help budding brokers go from surviving to thriving

Inman

Getting your broker's license is just the start of the story, broker-owner and educator Elisha Lopez writes. Here's how to elevate your brokerage career to the highest heights.

Brokerage 180
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United Real Estate CEO on minding the value gap for franchisees

Housing Wire

“You’ve probably heard this mantra — your listing, your lead, but most of the lead aggregators in the country say, ‘Your listing, our lead, and then we’ll distribute it to whoever pays us the most,'” said Dan Duffy, CEO of United Holdings at Elevate, the firm’s annual conference held in Orlando. “We’re trying to reverse engineer all of that and [give] some control and power back to you.” The firm is doing that with a new lead generation produ

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Keep calm and carry on. How to stay cool when things get heated

Inman

Through mindfulness and breath work, coaches Melanie Klein and Emily Bossert offer strategies to help you navigate the highs and lows of day-to-day business.

Business 187
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Loan Simple hires Jim Anderson as chief marketing officer

Housing Wire

Jim Anderson Colorado-based lender Loan Simple brought on Jim Anderson as its new chief marketing officer. Anderson, who started the new role in September, will oversee all aspects of the firm’s marketing, branding and demand-generation efforts. “With over 20 years of experience at Finance of America (FoA), Stearns Lending , Certainty Home Loans , CNN , Accenture and The Weather Channel , he brings innovative, business-building, marketing strategies to Loan Simple,” the company said in a LinkedI

Marketing 410
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Here’s what it takes to be a full-service real estate agent

Inman

A full-service agent provides superior service and focuses on the client's best interest. That's what sets their performance apart, according to The Agency's President Rainy Hake Austin.

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47-year-old Florida indie brokerage joins RE/MAX

Housing Wire

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. Ocala, Florida -based Foxfire Realty is the latest firm to join a national brand, announcing its move to RE/MAX on Wednesday. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

Brokerage 410
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5 reasons agents should embrace a back-to-school mentality

Inman

The real estate market is always changing, so it's up to you to stay smart, educated and informed so that you can help your clients. Coach Darryl Davis offers five reasons you should lean into back-to-school time to reboot your training plan.

Agents 172
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Long Island indie brokerage joins Century 21

Housing Wire

Anchor Real Estate of Long Island, Inc. is the latest independent brokerage to affiliate with a major national brand. The Patchogue, New York -based firm announced Wednesday that it was affiliating with Century 21 Real Estate LLC. Founded in 2017 by the mother-daughter team of Gina and Cristina Ferraro, Anchor Real Estate serves clients in Nassau and Suffolk Counties.

Brokerage 410
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Actually Agents teams up with BAM, formerly Broke Agent Media

Inman

After years of mutual admiration and some friendly competition, two of the biggest real estate humor brands have decided to join forces at BAM.

Agents 187
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Cars Could Power Homes After a Hurricane

Empire Appraisal Group

NEWS & MEDIA Solidago / Getty Images Source: [link] Cars Could Power Homes After a Hurricane By Kerry Smith By 2026, GM says all its Ultium-based electric vehicles will have bidirectional charging – to be charged at home but also send power back to the house if needed. DETROIT – Floridians avoiding electric cars may have a better reason to get one after 2026 when they could essentially also do double duty as a generator if the power goes out.

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Compass adds 2nd office to Kansas City metro area

Inman

The new office is located on the western edge of Country Club Plaza and is easily walkable from some of the neighborhood's premier hotels, restaurants and high-end shops.

Brokerage 161
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What Is a Landlord: Responsibilities, Pros & Cons For Investors

BiggerPockets

When you buy a rental property, you'll either become a landlord or hire someone else to do it. Here's all to know about landlording as an investor.

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Broker Spotlight: Pat Wilkins, RE/MAX Affinity Plus

Inman

Learn more about this Marco Island real estate legend and the coastal lifestyle he loves to share with clients and colleagues.

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Kevin Cormier Qualifies for the 2023 Lamacchia Realty President’s Club

Lamacchia Realty

For the third year in a row, Kevin Cormier has officially qualified for Lamacchia Realty’s President’s Club by closing on 33 homes so far this year. Kevin previously reached this incredible milestone in 2022 and 2021. Since joining Lamacchia Realty in 2020, Kevin has taken home multiple awards including Lamacchia Realty’s 2022 Rookie of the Year , and the Most Growth Award in 2021.

Realty 73
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Pending home sales nosedive in August as interest rates soar

Inman

The Pending Home Sales Index dipped 7.1 percent to a measure of 71.8 between July and August, according to NAR.

Realtors 192
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Finance Friday: We Spend $12K a Month…Can We Still Retire in 10 Years?

BiggerPockets

Tyler and Jenna need to know how to retire in ten years or less so they can spend less time working and more time with their family. The problem?

Finance 71
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Cheapest cities to live in BC

Mortgagebroker News

British Columbia is an expensive province, but we did find the cheapest cities to live in BC. (Hint: we looked beyond Vancouver.

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PRMG’s John Ashley on cybersecurity and privacy

Housing Wire

HousingWire Editor in Chief Sarah Wheeler sat down with John Ashley, chief information officer and chief information security officer at PRMG , to talk about what the company is building versus buying, and how regulators are ramping up privacy and security standards. Sarah Wheeler: Tell me a little bit about your background and what you’ve done at PRMG.

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Pineapple CEO on housing market prospects for the rest of 2023

Mortgagebroker News

Canadian households have seen their budgets significantly curtailed by sharply rising borrowing costs over the past year

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Simple Deals We’re Doing That Are Making MASSIVE Profits

BiggerPockets

If you want to know how to make millions of dollars in real estate, skip the rental properties, renovations, and rehabs and go straight for this type of “land investing.

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Cheapest place in Canada to live: factors to consider

Mortgagebroker News

When looking for the cheapest place in Canada to live, it is important to look beyond the average cost of homes.

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Opinion: When it comes to default and REO, what you don’t know will hurt you

Housing Wire

Even though mortgage origination volumes are down, we’re experiencing a highly competitive purchase market. That means a number of businesses, seeking to grow their revenue, will likely look to expand their reach to the default and REO space. But for those who haven’t done their homework, this is not an easy step, nor is it easy money. More than a few firms learned this the hard way during the housing meltdown and Great Recession, when foreclosure volume soared and public scrutiny intensified.

Legal 421