Wed.Dec 27, 2023

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First American cybersecurity attack disrupts closings over holidays

Housing Wire

The nation’s second largest title insurer , First American , as well as some of its subsidiaries, remain offline as of Wednesday morning in the wake of the title firm’s Dec. 20 cybersecurity incident. The systems outage has derailed closings across the country over the holidays for homebuyers and sellers using the company’s title services in more than 2,000 locations.

Sellers 507
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Zillow suing ARMLS and Metro MLS over ShowingTime access

Real Estate News

Zillow Group alleges that the MLSs and the MLS Aligned network are participating in anticompetitive practices by limiting member access to ShowingTime.

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Zillow, ShowingTime sue 2 multiple listing services

Housing Wire

Zillow Group and ShowingTime are taking two multiple listing services (MLSs) to court, due to their allegedly anticompetitive behavior. On Friday, Zillow Group and ShowingTime filed a lawsuit in U.S. District Court in Arizona against Arizona Regional MLS and Wisconsin -based Metro MLS. The lawsuit also names MLS Aligned , the parent company of showing platform Aligned Showings.

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Here’s why 2024 will be 'the year of hunkering down'

Real Estate News

Mikaela Arroyo of John Burns Research says homebuyers will prioritize affordability over 'bells and whistles' and accept smaller homes that meet their needs.

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Real estate agents are bracing for the impact of the commission lawsuits

Housing Wire

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. “I’ve been on about 11 listing appointments in the last three weeks and about 50% of the people had heard about the Sitzer/Burnett suit and trial and they have questions about it,” the sales manager for the Massachusetts-based Chinatti Real

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Could an alternative to NAR be coming?

Real Estate News

The New York Times — which has put an uncomfortable spotlight on NAR this year — suggests that member dissatisfaction could give rise to other options.

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The Ten: How Ryan Schneider’s big bet paid off

Real Estate News

As lawsuits bogged down many industry players, Anywhere’s CEO made the decision to settle, positioning his company to focus on profitability and the path ahead.

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How to host real estate events to turn friends into customers

Housing Wire

When Jen Dillard, broker and team leader of Jen Dillard Real Estate Team, and her family first moved to Hood River, Oregon, she didn’t know anyone. She hadn’t started her real estate business there yet, and she was lonely — so to meet new people, she decided to throw a holiday party and invite anyone she could. “I would literally go to the coffee shop and see moms with their kids and say, ‘I just moved here.

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Bloomberg’s At The Money Podcast (ATM): The Best Way To Sell A House

Miller Samuel

I joined my friend Barry Ritholtz for the second time on his new podcast, At The Money (or cleverly, ATM). Masters in Business is still going strong, but he had a new idea – create a really good personal finance-focused show. ATM is still in the MIB feed but will have its own podcast feed in the new year. Talking Head's Burning Down The House ‘ as the intro music!

Finance 195
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The 2024 mortgage M&A playbook

Housing Wire

Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. It won’t be easy. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023.

Mortgage 395
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Resolved Resolutions?

George Dell

Resolved: I am going to do better this year. Done! Each new year, most of us give some thought to how the next year might be better or different from last year. We set some intentions. We call these “Resolutions.” Or not. What’s wrong with this pledge to self? Lets look. You have to ask […] The post Resolved Resolutions? appeared first on George Dell, SRA, MAI, ASA, CRE.

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Zillow files antitrust lawsuit against 2 major MLSs

Inman

The listings portal filed a complaint in U.S. District Court for the District of Arizona against Arizona Regional MLS and MLS Inc. for what it asserts are violations of federal antitrust law.

Law 189
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How Much Does an Airbnb Host Make?

BiggerPockets

What can you do to run a successful vacation rental business on Airbnb? Here are nine key factors that can impact your income potential as a host.

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The jobs, gigs and side hustles agents took on to get through 2023

Inman

From Uber driving to launching a print shop, agents came up with creative ways to supplement their businesses and stay entrepreneurial during a slow market.

Agents 188
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How Real Is Real Estate Reality TV? The Answer Might Surprise You

BiggerPockets

We evaluated eight popular reality real estate television shows to determine which ones are legit—and which are complete fabrications.

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Mortgage rates are in free fall as economy continues to cool

Inman

While Fed policymakers had forecast three rate cuts next year, futures markets now see an 85 percent chance of at least six rate cuts after a key inflation metric shows the economy is cooling rapidly.

Mortgage 183
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Mastering Connections: A Blueprint for Achieving 127 Units in Three Years

BiggerPockets

You can't always go it alone. Here's how mastering connections and building your network can help any investor successfully scale their real estate portfolio.

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NYC Douglas Elliman agent Tom Cooper dies at 56

Inman

A California native, Cooper was a highly successful luxury agent who fell in love with the "chaos" of Manhattan's architecture before embarking on his real estate career.

Agents 178
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The “Rolling Recession” Has a New Target in 2024

BiggerPockets

Americans have been waiting for a recession to kick in for the past year.

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19 real estate pros share their Lesson Learned moments

Inman

For five years now, Inman’s Christy Murdock has been highlighting real estate pros across the nation in her Lesson Learned column. Here’s a look at 2023's most memorable profiles and advice.

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How I Use Data Analytics in Real Estate Investing—Or How I Failed My Way to Success

BiggerPockets

Data analytics is essential to smart real estate investing. Here's how I learned to do it, and how you can avoid making my early mistakes.

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Bosscat caps busy 2023 with release of Homebase

Inman

Bosscat, formerly PunchlistUSA, has released a new home maintenance and long-term house management product called Homebase.

Business 171
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Rookie Reply: Seller Financing & How to Buy MORE Real Estate on YOUR Terms

BiggerPockets

We got to talk a WHOLE lot of real estate in 2023.

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Get packing: 10 places that will pay you to live there in 2024

Inman

More and more places are turning to cash incentives or free land to lure new residents. Here are 10 to consider if you or your clients are thinking of making a change in the new year.

Clients 168
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The 2023 GoFormz Blog Roundup

GoForrmz

The top 5 most-read GoFormz blog posts of 2023 As 2023 comes to an end, we want to spotlight this year’s most-read blog posts. Spoiler alert: They’re not just about forms; they’re about our customers, special features, and tips and tricks along the way! Join us as we revisit and celebrate our most-read blogs that sparked our readers’ interest – like you!

Retail 78
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What is your New Year’s resolution? Pulse

Inman

As the calendar turns to 2024, you've got a whole new opportunity to start the new year off on the right foot. What's the plan?

Agents 168
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Top Posts: Geography of Home Building

Eyes on Housing

With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In March, Jesse Wade reported on recent geographic shifts for home construction. Single-Family Market Share Continues to Shift from Large Population Centers More recent analysis finds ongoing gains for exurban areas: Amidst Housing Slowdown, Exurban Areas.

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Salt Lake City: The utopian community that (sort of) worked

Inman

Utah's capital was founded as a religious refuge and built according to spiritual ideals. But it has evolved dramatically, offering a compelling glimpse of what successful urban planning looks like.

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Top Posts: The Aging Housing Stock

Eyes on Housing

With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. Two such posts focused on the aging housing stock, a key driver of remodeling and new construction conditions. In February, Na Zhao reported the latest data on the age of the housing stock. The Aging Housing Stock.

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How our utopian dreams became the stuff of dystopian nightmares

Inman

In the 19th century, many people had a utopian view of the future, as well as fantastic visions of future cities. Then something shifted and we've been obsessed with dystopias ever since.

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Airbnb Calculator: The Ultimate Real Estate Investing Tool

Mashvisor

Becoming a successful real estate investor is not only about being able to find the best investment property with the highest return but also about being able to do so…

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How cities and homeowners zoned themselves into a housing crisis

Inman

Los Angeles is one of many cities that dramatically reduced its own housing capacity over decades via a series of 20th century city planning initiatives, including homeowner-led downzoning efforts.

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Airbnb Calculator: The Ultimate Real Estate Investing Tool

Mashvisor

Becoming a successful real estate investor is not only about being able to find the best investment property with the highest return but also about being able to do so…

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Lessen, Darwin Homes partner to evolve SFR services

Inman

Lessen provides a wide array of technology services to managers of single family rentals, multifamily communities and commercial income properties, while its newest partner, Darwin Homes, offers a mobile solution for finding, applying and moving into single family rental homes.