Thu.Jan 23, 2025

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Where Is Housing Inventory Rising the Most?

Appraisal Buzz

The U.S. has experienced two decades of slow but steady housing market growth, paired with inventory growth that has suffered through both the Great Recession and the pandemic. Only now is it returning to 2006-2007 levels, with a typical annual increase of over 1%. A new study by StorageCafe analyzed data from nearly 500 cities from the past 18 years to determine the cities with the fastest growing housing markets, and the South was a clear winner.

Inventory 418
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Real estate postcards: The best ideas, examples and producers for 2025

Housing Wire

Believe it or not, good old-fashioned postcards are still one of the most effective real estate marketing strategies. Even though most agents focus their marketing efforts online, people start thinking about finding a real estate agent well before they hit ENTER on their first Google search. In fact, the average home-buying process takes about 10 weeks.

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Home Seller Profit Margins Slip for Second Consecutive Year

Appraisal Buzz

ATTOM has released its Year-End 2024 U.S. Home Sales Report , which shows that home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% return-on-investment (ROI). But even as both measures remained near record levels, and home prices kept rising around the country, the profit margin on median-priced sales nationwide decreased from 56.9% from 2023.

Sellers 395
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Brad Inman proclaims real estate agents ‘champions of the world’

Inman

Following a tough year of commission lawsuits and a challenging housing market, the Inman founder reminded real estate professionals on Thursday that they are survivors poised for a rebirth.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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LERETA Announces Katie Brewer as its New CEO

Appraisal Buzz

Katie Brewer is the new CEO of LERETA , a provider of property tax data and flood hazard status information to mortgage servicers. Brewer succeeds John Walsh, CEO since 2015, who is retiring and will continue to serve on the firms board of directors. Under Walshs leadership, LERETAs revenues and earnings have grown significantly, and the company has expanded its solutions.

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Mortgage Rates Edged Back Down This Week

Appraisal Buzz

After increasing for the previous five weeks, the average rate for a 30-year fixed-rate mortgage this week dropped to 6.96%, down from 7.04% last week, according to Freddie Macs Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 6.69%. After crossing the 7 percent mark last week, the 30-year fixed-rate mortgage saw its first decline in six weeks, says Sam Khater, chief economist for Freddie Mac, in a statement.

Mortgage 195
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Filters and links ‘are dead’ in Andy Florance’s portal dream

Inman

In his latest Inman Interview, CoStar Group CEO Andy Florance talked about AI transforming residential portals from digital classifieds to immersive, highly-personalized home shopping platforms.

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Dunmor Receives Minority Equity Investment From Newfi Lending

Appraisal Buzz

Dunmor , a provider of bridge, fix and flip, ground-up construction and DSCR rental loans for real estate developers, has received a minority equity investment from Newfi Lending , a non-agency mortgage lender owned by funds managed by Apollo Global Management. The investment is an expansion of the partnership announced in June 2024. Our team has created a remarkable platform and brand, and we are now set to embark on a new growth phase with Newfi as a key strategic partner together with Apollos

Lending 195
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Broker Spotlight: Michele Early, Compass Charlotte

Inman

Find out how this sales manager has built game-changing systems and relationships across three decades in real estate.

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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

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Mortgage rates dip for the first time in 6 weeks

Real Estate News

The 30-year fixed rate averaged just under 7% this week, according to Freddie Mac, but some economists are already revising their 2025 forecasts upward.

Mortgage 272
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Lone Wolf embraces the wild in new logo and marketing rebrand

Inman

A forest-rich green monogram with serif font replaces the deep reds and howling wolf profile of earlier efforts. The new designs aim to reinforce the entrepreneurial spirit of the Lone Wolf brand.

Design 153
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People on the Move at RE/MAX, Virginia Realtors, Constellation1

Real Estate News

Travis Saxton named EVP of strategy for RE/MAX Holdings; Rick Lugg promoted to CEO of Virginia Realtors; Constellation1 adds 4 SVPs following brand unification.

Realtors 271
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RE/MAX CEO: ‘I don’t think RE/MAX deserves to be Kodak’

Inman

At Inman Connect New York, Erik Carlson said he wants everyone to know the real estate franchisor is "open for business.

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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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Easing rents could mean fewer buyers this spring

Real Estate News

With affordability improving for apartment dwellers and mortgage rates and home prices still high renters may continue to delay home purchases.

Buyers 217
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DelPrete: Guard yourself against ‘propaganda’ in real estate data

Inman

The real estate tech strategist laid out how companies often use accurate data to present skewed conclusions and what real estate professionals can do to spot it.

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Top Factors Affecting Estate Appraisal Service Values in Westchester County, NY

East Coast Appraisal

When it comes to estate appraisal services , understanding what impacts property value is crucial, especially in Westchester County, NY. Whether youre a homeowner aiming to refinance or sell, or a business eyeing an investment, staying informed aids strategic decisions. In this article, East Coast Appraisal Service uncovers the key factors influencing estate appraisal values in Westchester County.

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‘I placed 7th; I completely blew it. Now what?’ asks former Olympian

Inman

On Thursday, BMX racer Connor Fields shared his remarkable story with the Inman Connect New York audience during his session"Unstoppable: Building Resilience in the Face of Adversity.

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CMLS Financial welcomes new vice president

Mortgagebroker News

New executive to begin role in Vancouver in early February

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AI’s potential for real estate agents is vast, ICNY panelists argue

Inman

Industry leaders said Thursday that artificial intelligence is lowering the cost of producing content and that in the future it will make home searches better and more useful.

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Canada's rental market sees rising vacancies

Mortgagebroker News

National vacancy rates reached highest level since 2020

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Use software to automate the small stuff, tech leaders advise

Inman

Courted CEO Sean Soderstrom, Zoocasa CEO Carrie Lysenko and Bramlett Residential Real Estate owner Eric Bramlett debated the impact technology has on homes sales Thursday at ICNY.

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Quebec rents poised for major hike

Mortgagebroker News

Tenants urge government to impose rent freeze

Tenants 76
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6 new technologies shaping the future of residential development

Inman

Brad Hargreaves, editor of "Thesis Driven," shared how he believes emerging technologies surrounding home equity, AI, ADUs, property development, off-the-grid living and driverless cars will impact residential development.

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Deals Are HERE for These “Thawing” Real Estate Markets

BiggerPockets

The housing market is changing. Some once-hot markets are showing signs of becoming buyer’s markets, giving you a better opportunity to snag your next real estate deal.

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AI home transaction platform Indigo secures $8M seed round

Inman

Six months after launch, Indigo has secured its first funding round backed by NFX, Era Ventures and GTM Fund. The company will use the funds to expand its reach throughout the Southeast.

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Massachusetts Home Buyers: Learn from the 2024 Real Estate Market

Buys Brokers Only LLC

Despite stubbornly high interest rates and continued price growth, Massachusetts single-family home sales increased slightly in 2024, according to an analysis of sales data by The Warren Group.

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Recruiting isn’t always about who’s the best, but who’s the best fit

Inman

Recruiting and retaining agents is all about finding the people who are already the right fit for your culture and business model, brokers at Connect NYC say.

Agents 158
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Fannie Mae title pilot could save homeowners up to $1,692 per refi

Housing Wire

Fannie Mae s title insurance pilot program could save borrowers up to $2.19 billion. This is according to a study released in January by Legal Economics Andrew Rodrigo Nigrinisand Todd Zywicki of the George Mason Universitys Antonin Scalia School of Law.Nigrinis is a former enforcement economist at the Consumer Financial Protection Bureau (CFPB). In their analysis, Nigrinis and Zywicki found that borrowers refinancing their mortgage could save an estimated $2.19 billion in total or as much as $1

Insurance 468
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Real estate is not broken: Anywhere’s Sue Yannaccone

Inman

Zillow's market cap may be 50 times bigger than the franchise giant's, but that doesn't mean traditional industry players need to make a "fundamental pivot," the CEO tells Brad Inman.

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Single women, younger generations will fuel the luxury real estate market

Housing Wire

Economists predict the Los Angeles wildfires , which are claiming thousands of high-end residential properties, to be one of the most expensive natural disasters ever. But the luxury real estate market is still poised for significant future growth as new demographics take over. Sotheby’s International Realty released its 2025 Luxury Outlook report on Thursday.

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5 tips for hiring great professional office staff

Inman

Hire like a pro if you want your office to be all that it can be, broker Joseph Santini writes. The right hire can make all the difference in supporting agents and clients.

Clients 157