Fri.Oct 13, 2023

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5 steps to succeed as a real estate agent in a down market 

Housing Wire

It’s a weird time to be a real estate agent , and I see it all around me here in the Denver metro. Brokers who rode the proverbial wave of real estate during the pandemic and have now had to reroute or pivot to figure out how to navigate a market that was once boasting the lowest rates in decades are disoriented. For those of us who have spent most of our careers in real estate, we know what it’s like to be part of a feast or famine industry.

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Mixed perspectives on NAR following Redfin’s exit

Real Estate News

Zillow, Windermere affirm their commitment to the association, while a top brokerage leader calls out “dysfunctionality” and a disconnect from member needs.

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CrossCountry in talks to acquire Fairway: sources

Housing Wire

Two top-20 mortgage lenders in the United States may combine forces amid the most challenging market in decades. CrossCountry Mortgage is in talks to acquire Fairway Independent Mortgage Corp. , nine industry sources told HousingWire. The talks remain ongoing and are not believed to be in the late stages, sources said. If the deal is completed, it will catapult CrossCountry to becoming the fourth-largest mortgage lender in the country, behind United Wholesale Mortgage (UWM), Pennymac Financial a

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Yes, the market is slow — but for boutique teams, it’s an opportunity

Real Estate News

Side President Steve Capezza, who moved to the brokerage platform in January after almost a decade at Zillow, believes there’s power in finding joy in the work.

Brokerage 250
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‘Fraudsters gotta eat too:’ The title industry navigates an uptick in fraud

Housing Wire

Fewer homebuying transactions means less fraud , right? “No! What it means is there is a higher percentage of potential fraud per file,” Elizabeth Berg, the vice president for education and training at FNF Family of Companies , told attendees of the American Land Title Association’s ALTA One conference on Thursday. Or as Berg also put it: “Fraudsters gotta eat too.

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Very superstitious: Agents say Friday the 13th can jinx a deal

Inman

St. Joseph statues, canceled flights, horseshoes, oh my! When clients are already nervous about a transaction, Friday the 13th could be the 'nail in the coffin,' agents said.

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Real adds 56 real estate ‘Legends’ in Northern California

Inman

Real Brokerage has added 56 agents through the acquisition of Legends Real Estate in Sacramento led by John Pope, a 45-year veteran of the industry.

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Indie firm Legends Real Estate makes the jump to The Real Brokerage

Housing Wire

Indie brokerage Legends Real Estate has joined The Real Brokerage , expanding Real’s footprint in No rt hern California. Industry veteran John Pope founded the Sacramento-based brokerage in 2020 and will serve as a regional broker for Real. As part of his new role, he will oversee Northern California for the brokerage. Legends has 56 agents. “Throughout his 45-year career in residential real estate, John has developed a reputation for helping new agents succeed,” Real President Sharran Srivatsaa

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Housing groups including NAR float wonky idea to cut mortgage rates

Inman

NAR united with lending groups on Thursday to urge the Federal Reserve to maintain its current mortgage holdings in order to narrow a wide "spread" between 10-year Treasurys and mortgage rates.

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Opinion: Creativity is required to succeed in real estate M&A today

Housing Wire

Given the state of the market over the last year, some have commented that the merger and acquisition market has gone quiet and that it is nearly impossible to get large deals done. We were honored to represent the owners of DPP in Pasadena, Calif., and Realty Austin in Austin/San Antonio, in their transactions with Compass over the past few weeks. Obviously, with these two announcements, it is clear that some great combinations can still happen.

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An agent got creative with a listing. He wasn’t ready for the backlash

Inman

Nicholas Greer decided to have some fun with one of his listings. He made a lot of people angry. "I’m just an artist at heart," he told Inman earlier this week. "I can’t turn that off.

Agents 184
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Grant Moon’s BlueForceX sees opportunities to help lenders save costs, grow production

Housing Wire

Investing in tech to save costs and get business in the door has become ever more important in an origination market facing extended headwinds. Recognizing the opportunities in the mortgage space, Grant Moon , former CEO and founder of fintech platform Home Captain , is gearing up to launch his new firm – BlueForceX. As a mortgage technology optimization platform, BlueForceX would provide data solutions, cut inflated tech solutions costs, and advise market positioning strategies.

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Building Materials Price Inflation Cools in September

Eyes on Housing

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) was unchanged in September (not seasonally adjusted) after climbing 0.4% in August. Prices have increased 0.8%, year-to-date, the smallest YTD gain through September since 2019. The Producer Price Index for all final demand goods rose 0.9% in September after increasing.

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Qwik Fix aims to repair the post-inspection process: Tech Review

Inman

Qwik Fix gives sellers the ability to quickly respond to the most needed repairs and buyers the chance to consider what’s really important for them to have ready before move-in.

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ProTip: Upload Large Image Files

GoForrmz

Originally published on 07/24/2017 Did you know there are two ways to capture image files in your digital form? GoFormz is proud to offer an array of features and functionality that allow users to strengthen their data collection, streamline processes, and enhance collaboration and communication. As users continue to enrich their data collection with new data types like imagery, there are a couple of ways GoFormz allows users to capture this information in an efficient manner: through the Image

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How to transform your public speaking fear into a superpower

Inman

A fear of public speaking is common, yet it's often perceived as a weakness. NYC agent Nikki Beauchamp teaches you how to turn that anxiety into fuel for your next presentation.

Agents 170
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Are Rental Properties a Good Investment?

BiggerPockets

For many years, rental properties have been one of the best (and most popular) ways to generate passive income. However, before you go down this path, it’s important to understand the finer details of investing. The knowledge you collect upfront will improve the likelihood of a positive experience.

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How sweet it is: Honey Homes doubles clientele after $9M round

Inman

The company has doubled its household count to 1,000 within three months on the heels of a $9 million Series A funding round in June led by Khosla Ventures. In total, Honey Homes has raised $12.1 million.

Finance 175
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Airbnb CEO Says Platform is Fundamentally Broken—His Solutions Might Scare Investors

BiggerPockets

Recently, CEO Brian Chesky admitted Airbnb had its faults but illuminated a path forward that might not be as favorable to investors. Here's what you need to know.

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Listings tick up and prices tick down during an ice-cold fall market

Inman

The added punch of mortgage rates nearing 8 percent is making this year's fall selling season particularly slow.

Marketing 201
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Money is Broken in Our System and No One Has Control Over It Anymore

BiggerPockets

Why is there still high inflation after all of the interest rate increases? Why does the Fed seem to not be in control? The answer: money is broken. Here's why.

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‘Sudden’ reversal, mid-storm, Anywhere: Inman’s Top 5

Inman

With Inman Top 5, you'll find the most essential stories, chosen by our readers. Here are the most-read stories of Oct. 6-13, 2023.

Agents 180
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Understanding the Math of Profitable Investment Properties

Eppraisal

Investing in real estate can be a lucrative venture, but it's crucial to understand the financial aspects that contribute to a profitable investment property. Let's break down the key elements and calculations you need to consider when evaluating potential investment opportunities. Calculating Potential Rental Income The first step in assessing the profitability of an investment property is to determine its potential rental income.

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Are things looking up for the Canada office market?

Mortgagebroker News

Hybrid work arrangements will continue – but a doomsday scenario for the office space is unlikely, says analyst

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Six Sources of Deals That Investors and Agents Can Capitalize on in Any Market

BiggerPockets

In any market, these deals exist. You just have to find them. Here's what you need to know.

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Supply-demand problem has hounded Canadian housing for more than half a century, says observer

Mortgagebroker News

Gap between home-building and housing demand "has never been so wide," says Fraser Institute senior fellow

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The Case Against REITs and Why There Are Better Assets

BiggerPockets

Last week, the case was for REITs. This week, the case is against it. Here is investor Brian Davis' take on REITs.

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High borrowing costs placing housing, commercial real estate at risk: OSFI

Mortgagebroker News

The elevated-cost environment continues to introduce vulnerabilities to the Canadian financial system

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The Rookie’s Step-by-Step Guide to Home Renovation Projects

BiggerPockets

When done well, home renovations can help you make a SERIOUS profit on your properties.

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Consumer spending moderating in wake of BoC hikes, says RBC

Mortgagebroker News

Canadians have started to cut down their spending amid elevated costs

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Wells Fargo, JPMorgan show two different paths for mortgages in Q3 2023

Housing Wire

At two top-five depository mortgage lenders, Wells Fargo and JPMorgan Chase , the third quarter of 2023 earnings reflected different strategies in the mortgage space. During Q3, Wells Fargo faced the consequences of exiting the correspondent lending channel in January, which resulted in reduced revenues from mortgage origination and servicing compared to the previous quarter.

Mortgage 410
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BC sales activity surges in September

Mortgagebroker News

However, year-to-date readings tell a different story

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What level appraiser are you?

Appraisal Today

How to Level Up as an Appraiser By Conrad Meertins Jr. Excerpts: The key is not the letters but the competency or skill. For example, are you competent to prepare an entire appraisal from start to finish? You might answer, “Absolutely!” But what if the appraisal form was completely blank with no boilerplate text? Do you still feel the same level of assuredness?