Tue.Oct 17, 2023

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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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'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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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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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 315
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Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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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.

Retail 468

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Homebuilder sentiment falls again as mortgage rates climb toward 8%

Housing Wire

With mortgage rates nearly touching 8%, builder confidence dropped four points in October, falling to its lowest point since January 2023, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reported on Tuesday. This is the third consecutive monthly decline in builder confidence. The HMI index is a monthly survey that gauges NAHB members’ perception of current single-family sales , expected sales for the upcoming six months, and potential homebuyer traffic.

Mortgage 459
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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 263
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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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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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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Argyle announces integration with Fannie Mae’s DU

Housing Wire

Verifications provider Argyle announced its integration with Fannie Mae ’s Desktop Underwriter (DU) program on Monday, becoming the first DU-authorized report supplier to offer automated income and employment verification reports based on consumer-permissioned, direct-source data. The integration enables mortgage lenders to use Argyle’s income and employment verification solution to get Day 1 Certainty and relief from representations and warranties on validated data.

Mortgage 448
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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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Engel & Völkers expands its New England presence

Housing Wire

Engel & Völkers is expanding its New England footprint with the addition of one new shop in the Greater Newburyport area, the company announced on Tuesday. Karen Hanson, who opened another Engel & Völkers shop in Cape Ann, Massachusetts five years ago, will lead this new office. It will be her third Engel & Völkers shop, according to the press release. “Newburyport is a thriving community with a unique blend of historic charm and modern amenities,” Hanson, license partner

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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.

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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. Still, even in this difficult-to-agonizing supply-challenged housing market, SFR and fix-and-flip investors, which both target existing-home inventory, are still finding ways to make a profit — at a thin margin in most cases, but a profit, nonetheless.

Investors 448
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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.

Mortgage 195
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The Sitzer/Burnett trial kicks off in Kansas City

Housing Wire

The highly anticipated trial of the Sitzer/Burnett buyer broker compensation class action lawsuit kicked off in earnest on Tuesday morning, with opening arguments taking place in the Kansas City courtroom belonging to U.S. District Court Judge Stephen Bough. According to reports from Inman News , the plaintiffs opening arguments leaned heavily on the video depositions of Keller Williams CEO Gary Keller and HomeServices of America CEO Gino Blefari.

Sellers 435
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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.

Realtors 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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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.

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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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‘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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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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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 186
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Mortgage Rates Well Above 7% Continue to Hammer Builder Confidence

Eyes on Housing

Stubbornly high mortgage rates that have climbed to a 23-year high and have remained above 7% for the past two months continue to take a heavy toll on builder confidence, as sentiment levels have dropped to the lowest point since January 2023. Builder confidence in the market for newly built single-family homes in October fell four points to 40 from.

Mortgage 182
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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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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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‘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.

Agents 183
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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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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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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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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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Home affordability still declining despite softening home prices: report

Mortgagebroker News

The income required to purchase a home is on the rise across most markets