Tue.Oct 17, 2023

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4 tips for staying relevant as a real estate professional in 2023

Housing Wire

A friend of mine is a successful real estate professional in a competitive market. We often discuss changing housing market conditions, and the pressure real estate agents are under to stay relevant in the wake of increased competition. He built his business on an existing strong sphere. But as his business has grown, he increasingly has had to adjust and modify legacy strategies to better meet the needs of today’s market and maintain his strong foothold in the market.

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'Conspiracy' front and center as commissions trial kicks off

Real Estate News

On day two of the Sitzer/Burnett trial, the plaintiffs presented opening arguments, while the defense said conspiracy claims are "conjecture.

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Blend launches lower-cost option for retail IMBs

Housing Wire

Mortgage tech firm Blend has launched a lower-cost version of its mortgage suite for retail independent mortgage banks, the company announced this week. This offering, called Blend IMB Essentials, includes many of the same features of its standard offering for mortgage lenders. Blend IMB Essentials will streamline the application process, will facilitate pulling soft credits instead of tri-merge credits during the initial phase of application.

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Bucking seasonal trends, home inventory is rising

Real Estate News

Inventory could keep increasing as potential homebuyers ‘hit the brakes’ while mortgage rates remain elevated. Price cuts are also higher than usual.

Inventory 317
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MLS executives imagine a world with no MLS

Housing Wire

As the trial for Sitzer/Burnett, the first of the two bombshell class action buyer broker compensation anti-trust lawsuits, kicks off this week , the real estate industry’s multiple listing services are busy preparing for any and all outcomes. “I think that one of the challenges in this is that there are a lot of possible outcomes,” Denee Evans, the CEO of the Council of MLSs (CMLS), said.

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Rental income from ADUs now can be counted towards an FHA mortgage

Real Estate News

Starting this week, the FHA has tweaked its borrowing rules to promote accessory dwelling units as a way to boost housing inventory and affordability.

Inventory 273

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ARE COMP PHOTOS A THING OF THE PAST?

The Appraiser Coach

Different types of appraisals call for different needs. As an appraiser, you are the most qualified to make choices regarding an appraisal. There are a lot of things you have to juggle, and clients and lenders have their own ideas of how it should be. What about in regards to comp photos? With the advent of the hybrid appraisal, it seems that the need for comp photos has become obsolete.

Appraisal 195
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FinLocker and Milestones join forces in new partnership

Housing Wire

Home management portals company Milestones and financial fitness platform FinLocker have announced a strategic partnership. The aim of this partnership is to help convert the Finlocker leads into closings by guiding consumers through Milestones’ “ homebuyer hubs.” The second step will be to try and retain those customers in Milestones’ “ homeowner hub.” Finlocker is what one might call a “lead nurture platform,” it assists and engages prospective homebuyers t

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Industry leaders take the stage (via video) at Sitzer/Burnett

Real Estate News

Pre-recorded depositions from Bob Goldberg, Gino Blefari and Gary Keller included tense exchanges about buyer-broker commissions.

Buyers 266
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New low in real estate agent movement: Relitix

Housing Wire

Agents are moving between brokerages at a much slower pace than the post-pandemic peak seen in the summer of 2021, according to Relitix’s Agent Movement Index. The index shows the relative degree of movement between brokerages by experienced agents and is indexed to the level of mobility in January 2016. The graph above that, on a trailing 12-month basis, mobility hit its 10-year high in June of 2021 at an index value of 109.4.

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Builder confidence continues to decline

Real Estate News

Rising mortgage rates have hit the construction sector hard, pushing confidence to the lowest level since January.

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Truv integrates with nCino’s Mortgage Suite to simplify income verification

Housing Wire

Employment data solution firm Truv has a new integration with cloud banking provider nCino. This latest integration will allow lenders who use the nCino Mortgage Suite to benefit from Truv’s ability to instantly verify income and employment for most of the U.S. workforce. It will help mortgage lenders make smoother, faster underwriting decisions, Truv said.

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Gary Keller, Bob Goldberg among first to testify in Sitzer | Burnett

Inman

As the long-awaited commission trial begins, the Kansas City courtroom saw opening arguments followed by testimony from industry heavy-hitters including Gary Keller, NAR CEO Bob Goldberg and HomeServices of America President and CEO Gino Blefari.

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Support Your Health Education Team with GoFormz

GoForrmz

Discover how GoFormz can be a vital asset in supporting your health education teams As we commemorate National Health Education Week (NHEW) , we aim to foster a deeper comprehension of the pivotal role that health education plays and how digital tools like GoFormz can play a vital role in the promotion of health education and health awareness. In this blog, we will delve deeper into how digital forms can support health education teams along with examples of how other healthcare teams are leverag

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ACI paying another $20M to settle mortgage payments debacle

Inman

In settling with state regulators, the Miami-based electronic payment processor is looking to close the books on a 2021 test that triggered $2.3 billion in erroneous mortgage payments.

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Joselin Malkhasian Qualifies for the 2023 Lamacchia Realty President’s Club ELITE

Lamacchia Realty

We are so excited to announce that Joselin Malkhasian has qualified for the 2023 Lamacchia Realty President’s Club ELITE by incredibly surpassing $24,240,000 in sales volume so far this year! This accomplishment comes only 3 short months after Joselin qualified for the 2023 President’s Club. Joselin has been a President’s Club member since its inception, making it in 2017 , 2018 , 2019 , 2020 , 2021 , and 2022.

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Read the playbooks of NAR, Keller Williams ahead of Sitzer | Burnett

Inman

The National Association of Realtors, Keller Williams, HomeServices and its subsidiaries BHH Affiliates and HSF Affiliates submitted their trial briefs ahead of the antitrust trial in Kansas City.

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How to Find Your Perfect First Rental Property (Even in an Expensive Area)

BiggerPockets

Your first rental property is the hardest; trust us on that. You go through SO many strategies, different markets, and emotions throughout the process.

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Economists now less certain 2024 will bring much mortgage rate relief

Inman

Fed's "higher for longer" rate strategy could keep home sales from rebounding in 2024 or limit the strength of a recovery, according to two closely followed forecasts.

Mortgage 192
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How Neighbourhood Holdings is ensuring a smooth appraisal process in unpredictable times

Mortgagebroker News

The lender has developed practices that allow it to make the appraisal process as pain-free as possible, according to executive

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‘Longest open house ever’ lasts 64 hours, raises $40K for Alzheimer’s

Inman

Fargo-based agent Kyle Olson lost his father to Alzheimer's in 2018. Since then, Olson has raised more than $40,000 for the Alzheimer's Association through several record-breaking open house events.

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6 best real estate lead generation websites for 2023

Housing Wire

Whether you’re a seasoned real estate agent looking to expand your reach or a newcomer eager to establish your digital footprint, ahead we delve into the best real estate lead generation websites for 2023. According to the National Association of Realtors (NAR), some 96% of homebuyers use the internet in their home search. Increasingly, real estate agents understand the significance of optimizing their online presence to attract leads.

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Phone stressing you out? Here’s how to battle digital exhaustion

Inman

Overcoming digital exhaustion and getting a handle on your tech stack may seem like an overwhelming challenge, but it's within your reach. Tech CEO Sheila Reddy offers ideas and strategies to help you get your platforms under control.

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3 Payment Assistance Avenues Available on Path to Homeownership

Will Springer Realtor

Whether you’re looking in Belltown or Bellevue, Bothell or Burien, buyers need to save up a whole lot of money before seriously considering a first-time home purchase. True? Not exactly. There are programs established by state and local governments that provide buyers – mostly first-timers – with assistance to make a down payment or meet closing costs.

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‘It’s not personal, it’s business’: Avoid hard feelings when agents go

Inman

When an agent leaves a brokerage or team, is it because the broker-manager or team leader failed the agent? DOORA broker Troy Palmquist shares tips to help you avoid taking an agent loss personally while learning from the experience.

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Canada inflation falls in September

Mortgagebroker News

Mortgage interest and rent payments remain a huge contributor to annual price growth

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Are you a right-brain or left-brain real estate entrepreneur?

Inman

Knowing how you think and where your mental and emotional strengths lie can revolutionize the way you do business. Fiscal fitness experts Amy Chorew and Maeda Palius help you think about how you think so that you can plan better and accomplish more.

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OSFI reaches decision on proposed mortgage guideline changes

Mortgagebroker News

The regulator had been weighing whether to introduce stricter debt-service coverage limits

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Deals get faster with Folio’s GPT-powered document analysis

Inman

Folio delivers value as an interactive sidebar within Gmail or Outlook, allowing users to respond to, organize, and take multiple deal actions without leaving their inbox, ensuring people and relevant business content stays tethered to the transaction.

Business 169
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How Much Does Landlord Insurance Cost?

Mashvisor

Real estate investing can be a great way to earn ongoing income while generating long-term profit too.

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Looking for cash flow? Here’s my real estate investing strategy

Inman

How does real estate fit in your investment portfolio? Try these real estate investments to serve specific roles in your financial strategy.

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The Complete Guide to Price to Rent Ratio in Real Estate Investing

Mashvisor

Have you ever wondered “What is a good price to rent ratio in real estate investing?

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58 questions agents should be asking about commission lawsuits

Inman

Broker Cara Ameer helps you think through the implications of the current bombshell commission lawsuits and what they may mean for your business.

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Business sentiment continues to weaken in Canada

Mortgagebroker News

Bank of Canada survey indicator showed lowest level seen in more than a decade