Tue.Aug 15, 2023

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Gary Keller: Good agents will still thrive in a stormy market

Housing Wire

Gary Keller took to the stage at the 2023 Keller Williams Mega Agent Camp in Austin, Texas , Tuesday morning with his usual bravado: a black-and-white video featuring his favorite animal, the buffalo , in a thunderstorm, alongside a motivational message for agents. Rather than fear the storm, Keller Williams agents embody resilience and adaptability to conquer any market challenge. “We are the storm,” the text read.

Agents 370
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Gary Keller says the market has hit bottom, only way is up

Real Estate News

Keller kicked off KW’s Mega Camp with a message for agents: “If you do the work, you will have a great real estate year, regardless of the market.

Marketing 240
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Former employees sue Rocket for unpaid overtime wages

Housing Wire

Two former employees have filed a class-action lawsuit against Rocket Mortgage for allegedly failing to pay overtime wages. That’s at least the second case that targets the Detroit-based lender for unpaid wages. Brittany Roseboro and John Glover claim that Rocket’s leadership required them to attend unpaid pre-shift meetings and, due to technological delays and other problems, they usually had an uncompensated preliminary “boot-up” and “clock-in” time.

Training 370
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Treasury rule changes could impact high-value home purchases

Real Estate News

New rules intended to prevent laundering money through luxury real estate could increase costs and extend transaction times for agents and brokers.

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Maui locals worry wildfires could worsen affordable housing shortages

Housing Wire

The devastation wrought by wildfires is exacerbating a long-running housing crisis on the island of Maui, pitting locals and Native Hawaiians — many of whom rent — against billionaires and real estate developers, the Washington Post reported Monday. The future of Lahaina, an island community that is a spiritual and cultural capital, is of concern for many locals who are uncomfortable with the encroachment of wealthy outsiders.

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One Step at a Time

The Appraiser Coach

Some days things just don’t go right.

More Trending

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Gary Keller: A ‘rolling recession’ will hit the US housing market in 2024

Inman

Keller Williams kicked off its Mega Agent Camp on Tuesday with remarks from Gary Keller, who warned of a "rolling recession" while predicting agents will survive treacherous economic terrain.

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The Unbiased Reality of Census Tract Data Dump… Open Letter to FHFA

Appraiserblogs

Folks, the following letter was sent to FHFA by an appraiser I know. It was sent in response to the ‘first’ data dump FHFA made which uses CENSUS TRACT data to try to convince others that appraisers are biased by using ‘people demographics’ contained in Census Bureau info. You can find that ‘dump’ here. The writer of that first FHFA dump was identified by name, and included an email address.

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Real estate heroes come to rescue after suffering losses in Maui fires

Inman

Fires that roared through western Maui last week have destroyed thousands of homes and killed scores of people. The real estate community is trying to help pick up the pieces.

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Why Customers Choose GoFormz

GoForrmz

How GoFormz became the top choice for data collection Our team recently conducted a survey to learn more about our customers’ experiences with GoFormz. We asked about their major challenges before GoFormz, reasons for choosing GoFormz, and much more. Respondents span across 14 industries and 5 countries, with 75% of respondents working at a company of 50+ employees.

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Mortgage assistance for Hawaii fire victims includes forbearance help

Inman

Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents.

Mortgage 148
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5 Passing Fads in Home Decorating

Eppraisal

Home decorating trends have a habit of coming and going like the changing seasons. What's in vogue today might be outdated tomorrow. Over the years, we've witnessed a plethora of passing fads that have taken the interior design world by storm, only to fade away as quickly as they appeared (watch out Barbie). Here's a list of five of the most significant passing fads in home decorating and why they captured our imaginations briefly before being relegated to the annals of design his

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Do you recognize housing discrimination when you see it?

Inman

Safe, affordable housing should be accessible for everyone, writes new contributor Nora Crosthwaite. As Realtors, our responsibility is to our clients, no matter who they are.

Realtors 146
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Cyndi Deshaies Qualifies for the 2023 Lamacchia Realty President’s Club

Lamacchia Realty

We are thrilled to announce that Cyndi Deshaies has qualified for the 2023 Lamacchia Realty President’s Club by closing on 33 transactions so far this year! This marks the 3rd year in a row that Cyndi has qualified, having also made it previously in 2021 and 2022. Additionally, Cyndi qualified for the President’s Club ELITE for the first time in late 2022!

Realty 68
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Tom Ford nabs Jackie O’s former Hamptons summer home at $52M

Inman

The deal is just the latest of Tom Ford's big-ticket transactions, following a $51 million home purchase in Palm Beach at the end of last year and a more recent trading of that home for another mansion in the luxury South Florida market, according to reports.

Marketing 146
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Eileen Doherty is the First to Qualify for Lamacchia Realty’s 2023 President’s Club ELITE

Lamacchia Realty

Eileen Doherty is officially the FIRST agent to qualify for Lamacchia Realty’s President Club ELITE in 2023! She achieved this incredible milestone by surpassing $24,240,000 in sales volume so far this year, and this announcement comes only two short months after qualifying for the 2023 Lamacchia Realty’s President’s Club. This is Eileen’s 4th year in a row reaching ELITE status, having previously qualified in 2020 , 2021 , and 2022.

Realty 68
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Industry rallies to work around ongoing Rapattoni cyberattack

Inman

A ransomware attack was unleashed last Wednesday, Aug. 8, on Rapattoni, a prominent software and property data provider for the real estate industry. The attack is ongoing, according to reports.

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How Virtual Reality is Revolutionizing Property Management: A Look into the Future

Mashvisor

Virtual reality (VR) has emerged as a revolutionary force in the real estate sector, bringing huge potential that is yet to be fully harnessed.

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‘It’s well past time’: DOJ urges court to overturn NAR commission ruling

Inman

In a Friday brief, the Department of Justice argued the National Association of Realtors' pocket listing and commission rules need "to be assessed on their merits" on whether they cost American homebuyers billions of dollars a year.

Realtors 144
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We Buy Houses: Home Cash Buyers Pros and Cons

Lamacchia Realty

WE BUY HOUSES: HOME CASH BUYER PROS AND CONS What is a Home Cash Buyer? Let’s face it, we’ve all seen the online ads and billboards (and we’ve definitely seen that certain famous caveman) for real estate businesses offering to buy your home quickly and with cash. These types of companies, such as “We Buy Ugly Houses” and “HomeVestors”, specialize in purchasing properties directly from homeowners without hiring a real estate agent or listing on the market like in a traditional real estate sale.

Buyers 56
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Real estate investors believe the worst may be in the rear view

Inman

The outlook is mixed, but "it does look like prices may have bottomed out and are on their way back up," said CJ Patrick Company CEO Rick Sharga.

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The Hard Truth: True Financial Freedom Will Force You to Make Suboptimal (and Maybe Unpopular) Portfolio Decisions

BiggerPockets

True financial freedom requires bold actions and decisions that might not always make sense to your financial advisors.

Finance 67
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Jonathan Scott and Zooey Deschanel are engaged

Inman

The couple have been together since 2019 and recently completed a two-year renovation on a Georgian-style home they purchased together in 2020, according to reports.

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First-time buyers in Canada – are they moving back to the sidelines?

Mortgagebroker News

New entrants to the market could be getting cold feet in volatile environment, according to broker

Buyers 68
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Rating agencies issue more cautions about banking industry

Inman

It's not just regional banks but larger lenders, such as JPMorgan and Bank of America facing uncertainty if interest rates stay higher for longer, analysts said.

Marketing 138
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Soon to be revealed - the top alt lending trends

Mortgagebroker News

The countdown is on for one of the most anticipated mortgage industry events of the year

Lending 64
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Exceptional agents get serious about these 4 pillars of service

Inman

In the first part of his five-part series, broker Nick Schlekeway looks at the way service forms the basis for real estate agent success.

Agents 146
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The REAL Side of Real Estate: When Rehabs and Rentals Go Wrong

BiggerPockets

No real estate investing journey is ever sunshine and rainbows, but some are certainly more difficult than others.

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10 easy ways to repurpose your video content for maximum impact

Inman

The key to maximizing the impact of your long-form video content lies in a well-structured repurposing strategy, Karen Stone explains.

Business 147
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Canadians set to withstand further rate increase impact, suggests report

Mortgagebroker News

What are the reasons for 'cautious optimism' on the housing front?

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Surviving non-QM lenders are gaining business now

Housing Wire

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 billion, up from $2.1 billion last year, says CEO Keith Lind, “and we’ve been profitable every month this year, and every quarter.” Lind says Acra’s success in a punishing operating environment that has caused a number of non-QM mortgage lenders to exit the market is due to its efficiency as well as its foresight in keeping its rates on pace with the spate of interest rate hikes by the Federal Rese

Business 370
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Federal NDP leader highlights "real struggle" faced by Canadians on housing affordability

Mortgagebroker News

Speaking in Edmonton, NDP head underlines skyrocketing housing and rental costs in the city

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Time is up: Are you ready for Fannie Mae’s new prefund QC requirements?

Housing Wire

Loan quality control is again top of mind for lenders, partially due to the wave of loan-repurchase requests from Fannie Mae and Freddie Mac earlier this year. Higher loan volumes in 2020 and 2021 led to proportionally more repurchase requests, and the industry is taking another look at their risk mitigation strategies as a result. “It’s fair to say that the industry routinely has, especially since the 2008 credit crisis, been focused on risk,” said Kristin Broadley, chief innovation officer at

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Underwriting risk to rise as housing affordability declines: Moody's

Mortgagebroker News

Credit rating still foresees capital levels to remain strong

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