Mon.Apr 17, 2023

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Opinion: The title industry supports innovation while prioritizing protection

Housing Wire

Think an old dog can’t learn new tricks? Some say that the nearly 150-year-old title industry has a difficult time adapting and evolving. However, the title industry has proven these critics wrong over the past decade, and importantly, it has done so without leaving homeowners vulnerable to unnecessary risks. Title companies have embraced digitization, automation and artificial intelligence to better meet their customers’ needs, reduce costs and increase efficiency.

Insurance 417
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EXIT Realty: Making work meaningful

Real Estate News

At EXIT, work isn't just about a paycheck. It's about leaving a legacy. EXIT puts its people first, empowering them "to live their why.

Realty 254
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Mortgage forbearance improves as pandemic emergency draws to a close

Housing Wire

As the COVID-19 national emergency draws to a close, the forbearance rate has decreased month over month, according to a report from the Mortgage Bankers Association (MBA) on Monday. While the MBA still expects a recession this year, credit quality is generally good, and borrowers facing financial hardship can access enhanced loss mitigation options, the trade group noted.

Mortgage 417
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Sellers are feeling confident this spring

Real Estate News

Even as the market has slowed, sellers are optimistic that they can get a good deal on their sale.

Sellers 242
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Local Housing Markets: Austin, Hartford and Lake Tahoe

Housing Wire

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change. In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up.

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Capitalizing on the demand for home hot tubs, spas and pools

Inman

I’ve learned that the desire for proximity to water never wanes — whether that’s an ocean or lake, a hot tub, or pool. As affluent buyers permanently relocated to suburban or vacation markets over the past few years, this demand has only increased.

Buyers 160

More Trending

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7 hot, hidden real estate trends savvy agents need to know

Inman

New Western’s recent survey of their users uncovered seven hidden trends that virtually no one is discussing. Capitalizing on these trends can give you a huge competitive edge in your market.

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New American Funding enters the joint ventures space

Housing Wire

Multi-channel mortgage lender New American Funding (NAF) is entering the joint ventures arena, offering multiple JV models in a margin-compressed and highly regulated industry. Under the JV model, partners will have access to NAF’s infrastructure and mortgage originating process. It will allow the company to mitigate the risk associated with being in the mortgage business and minimize the capital-intensive nature of the business, the company said.

Brokerage 383
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Corcoran’s five-star retreat returns for second run — in Nashville

Inman

BeCorcoran debuted last year at The Breakers in Palm Beach, bringing together hundreds of agents, leaders, and staff from across its owned brokerage and growing affiliate network. The inaugural event was a tremendous success.

Brokerage 154
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What does servicing look like for the rest of 2023?

Housing Wire

HousingWire recently spoke with Roger Stotts, chief servicing officer at New American Funding , about borrower expectations for servicing and the current outlook for servicers. HousingWire: What are the current challenges servicers are facing? Roger Stotts: In some respects, our current challenges are the same ones that good servicers have always faced: doing the right thing for the customer, protecting the interests of the investor and doing these things the right way, which means compliantly a

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Master the art of pricing: how to avoid price reductions on your listings

Inman

The housing market news is full of headlines about sellers slashing prices and offering concessions. But while buyers certainly have more leverage in the market than they did two years ago, the full picture is less bleak for sellers than it may seem.

Sellers 154
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High mortgage rates incentive for homeowners to stay put: ICE

Housing Wire

Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology. But while the inventory-lacking market has caused issues for buyers, one bright spot is that about half of the current homeowners say they plan to sell their homes in the next two years, according to survey data.

Mortgage 382
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4 ways to increase your bottom line in a more competitive market

Inman

In a sea of other qualified and experienced agents, standing out and winning business is a constant challenge. While intimidating, this stiff competition presents a great opportunity for agents who are ready to rise to the occasion.

Agents 154
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Restb.ai to integrate with Black Knight

Housing Wire

Real estate focused artificial intelligence firm Restb.ai has formed a strategic alliance with Black Knight , according to an announcement on Monday. Through this new partnership, all Black Knight Paragon MLS platform users will have access to the Restb.ai MLS Product Suite , as it will be integrated into Paragon. With Restb.ai, Paragon users will now have the ability to automate listing creation processes, unlock new data sets, and instantly validate property listings imagery to support complia

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Marketing guru’s run for POTUS puts speakers in awkward position

Inman

NAR's Lawrence Yun is among the prominent figures scheduled to speak at a seminar where Momentifi CEO and U.S. presidential candidate Gibran Nicholas will hawk his book.

Marketing 154
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[Video] Customer Story: Whetstone Valley Electric Co-Op

GoForrmz

“ GoFormz has definitely helped on the material inventory side of things. We’ve definitely been able to help get that loss down by being able to report on-site. ” — Alex Pauli, Technician/Material Clerk, Whetstone Valley Electric Co-Op About Whetstone Valley Electric Co-Op Whetstone Valley Electric Co-Op is a rural electric cooperative serving approximately 3500 consumers in northeast South Dakota.

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Engel & Völkers Americas partners with Constellation1 on websites

Inman

The partnership will allow the brokerage to create refined websites that are high-performing and data-rich and include customizations specific to the Engel & Völkers platform.

Brokerage 148
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Cameo Park West: Campbell neighborhood with Los Gatos mailing address

San Jose Real Estate

The Cameo Park West neighborhood is located close to where Los Gatos, Campbell, and Saratoga meet. It’s actually in the city of Campbell but has a Los Gatos mailing address. This is a tidy community bordered by Pollard Road, San Tomas Aquino Creek, the Highway 85 freeway, and Rolling Hills Middle School.

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This company said it could help flippers make money. Most didn’t.

Inman

A lawsuit says hundreds of real estate investors lost tens of thousands of dollars due to practices by the company, Build Realty. A judge ruled the case can move forward as a class-action lawsuit.

Realty 148
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How to Start an Airbnb in Texas in 2023

Mashvisor

With Texas being one of the best states for short term rentals, the question of how to start an Airbnb in Texas is on the minds of many investors.

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Clarence Thomas claimed rental income from closed real estate firm

Inman

The U.S. Supreme Court justice claimed hundreds of thousands in income from a real estate company that was dissolved in 2006, according to yet another inquiry into Thomas's financial disclosures.

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Realquantum CEO looks at commercial appraisal firms

Valuation Review

Realquantum shares insight on commercial appraising.

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Barbara Corcoran under fire for ‘I love firing people on Friday’ remark

Inman

The "Shark Tank" star has received criticism for her seemingly gleeful remarks about terminating employees at the end of the week while making an appearance on "The Diary of a CEO" podcast.

Brokerage 148
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Black Knight will support Fannie’s valuation option

Valuation Review

Black Knight, Inc. is one of six vendors approved by Fannie Mae to support its valuation option.

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Black Knight, Restb.ai forge partnership in big step for AI

Inman

Restb.ai's MLS product suite will be connected directly to the Paragon MLS platform, which is used by hundreds of multiple listing services around the country, according to the company.

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Where do you want 3rd degree burns?

Town & Country Residential Appraisals

Water heaters come from the factory set to 140 degrees, which is hot enough to produce 1st degree burns after 3 seconds of exposure. However, pressure relief valves aren’t set to trigger until 150psi, or when the water temperature reaches 210 degrees. That’s hot enough to instantly produce 3rd degree burns. Prior to tanks being designed with a pressure relief valve, when the water pressure would get too high, the tank would explode.

Design 50
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Ready, set, succeed: Katie Clancy’s business plan roadmap to success

Inman

Top agent and producer Katie Clancy shares advice on creating the perfect business plan that will help real estate professionals stay on track, motivated and on the path to achieve their goals.

Business 147
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Canadian Mortgage Awards: much-awaited event returns on Thursday

Mortgagebroker News

Toronto's Westin Harbour Castle is set to welcome 650 attendees from across Canada's mortgage industry

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Constant Contact launches AI-fueled email marketing generator

Inman

The marketing software company announced what it’s calling "the first" artificial intelligence-powered email and SMS marketing content generator for small businesses.

Marketing 148
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How Should You Invest $50,000 In Real Estate Right Now?

BiggerPockets

With these market conditions, it can be pretty tough to figure out where to put you money. What strategy works best?

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Hack productivity with these 13 business-minded agent apps

Inman

Inman collated 13 proptechs that can help agents be better at the day-to-day, which only leads to a better business in the years to come.

Business 160
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Bridgewater Bank names new COO

Mortgagebroker News

Bank appoints dedicated leader to oversee strategic development and lead executive team

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Developer Patrick Carroll accused of spitting on restaurant manager

Inman

Surveillance footage shows Carroll walking up to the manager of the eatery, Miguel Angel Weill, and appearing to spit in his face before walking away.

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EVERYTHING You Need to Get Your First Real Estate Deal Done in 2023

BiggerPockets

Ready to buy your first rental property in 2023? If you’re going to reach financial independence, retire early, and own your time, you better get started.