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Integrity in Real Estate
Updated: 2 hours 54 min ago

Homes.com Targeting $10 Billion in Subscriptions as CoStar Puts “Pedal to the Floor”

Wed, 02/21/2024 - 07:21

CoStar-owned Homes.com has remained an ubiquitous presence across television broadcasts, internet browsers and radio airwaves over the last couple weeks, thanks to a billion-dollar marketing push (included four Super Bowl commercials) and has so far achieved 560 million impressions. On the company’s Q4 and full-year 2023 earnings call yesterday, CoStar CEO Andy Florance kept up…

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NAR Announces Partnership With Curbio

Wed, 02/21/2024 - 06:55

The National Association of REALTORS® announced Curbio as a new partner with NAR REALTOR® Benefits. Curbio, which operates in more than 55 markets nationwide, is a pay-at-closing contractor for pre-sale home improvements of any size. As part of the agreement, NAR members and their clients will receive free access to Curbio’s ‘Build Your Own’ estimate…

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PropStream to Attend The 2024 Joint AE Institute Event

Wed, 02/21/2024 - 06:32

PropStream announced they will attend the 2024 Joint AE Institute Event in San Diego, California, from Mar. 12-15. Hosted by The National Association of REALTORS®, this event is a premier professional development opportunity for MLS staff and local and state REALTOR® associations. Programs can benefit anyone from newer AE’s, veteran AE’s and smaller associations. NAR…

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Guaranteed Rate Supports Home Affordability with Public-Partnered Grants

Tue, 02/20/2024 - 12:34

Mortgage servicer Guaranteed Rate is expanding its Fannie Mae and Freddie Mac-backed mortgage products. The company cites this move as demonstrating its “proven commitment to supporting housing affordability.” The HomeReady (offered by Fannie Mae) and Home Possible (administered by Freddie Mac) mortgage grant programs offer a $2,500 non-repayable grant. The grants are part of a…

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Inside Real Estate Announces Acquisition of AI-Powered Solution

Tue, 02/20/2024 - 12:20

Software firm Inside Real Estate has announced the acquisition of Folio by Amitree, an AI-powered email productivity solution. The tool, highlighted as a valuable one for real estate professionals, securely detects a real estate professional’s transactions and organizes them in real time. Folio, as a smart transaction assistant, helps compress the email workflow for over…

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New-Home Mortgage Applications Soar as Housing Starts Stumble

Tue, 02/20/2024 - 11:48

The rally in new-home demand isn’t letting up as homebuyers facing inventory challenges on the resale market turned to new construction to realize their homeownership dreams. Mortgage applications for new-home purchases jumped 19.1% in January compared to a year ago and rose 38% month over month, according to the January Mortgage Bankers Association (MBA) Builder…

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Social Skills: 5 Social Media Red Flags Every Agent Should Avoid

Tue, 02/20/2024 - 11:02

While social media is an essential tool for real estate professionals looking to expand their reach, knowing the best (and worst) practices is crucial. Having a successful online presence involves careful consideration of the content you share, and an understanding of what could lead to potential pitfalls that could undermine your professional reputation.  Explore these…

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Leading Index: ‘No Recession in 2024’

Tue, 02/20/2024 - 10:11

The Conference Board Leading Economic Index® (LEI) for the U.S. declined by 0.4% in January 2024 to 102.7, following a 0.2% decline in December 2023. The LEI contracted by 3.0% over the six-month period between July 2023 and January 2024, a smaller decrease than the 4.1% decline over the previous six months. “The U.S. LEI…

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COURT REPORT: DOJ Tips Hand on Decoupling; Moehrl Case Delayed

Tue, 02/20/2024 - 10:09

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. It’s been yet another week of riveting court case drama surrounding the National Association of REALTORS® (NAR) and powerhouse brokerages, in addition to demands by the Department of Justice (DOJ) regarding decoupled commissions…

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Home Warranties Provide Added Level of Differentiation in Competitive Market

Tue, 02/20/2024 - 09:55

As the real estate market continues to change and evolve, clients look to their agent for assurances about homeownership and the process involved in buying or selling a home.   In the experience of Charles El-Moussa—president of Coldwell Banker Realty in Texas—home warranties are a key piece of the puzzle. A home warranty can help ease…

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NAR Leader Pushes Back at ‘External Commentary Purported to Tell Our Story for Us’

Tue, 02/20/2024 - 09:46

In a letter entitled, “The Real Story” emailed to members of the National Association of REALTORS® (NAR) and posted to the NAR website Feb. 16, a defiant-sounding Interim CEO Nykia Wright said that while others outside the association may offer critical commentary and stories about what NAR has and continues to face regarding legal issues…

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Matterport Launches Property Intelligence

Tue, 02/20/2024 - 07:25

Matterport, Inc. has launched Property Intelligence, a collection of AI-powered features that provides customers with access to automated measurements, layouts, editing, and reporting capabilities generated from a Matterport digital twin of their property. These new features bolster the company’s property marketing, design and construction, and facilities management solutions for automating key elements of home listings,…

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January Sees a Notable Drop in Housing Starts

Fri, 02/16/2024 - 10:26

January saw a notable drop in housing starts across the country—dropping 14.8% from December—to a seasonally adjusted rate of 1.33 million units, a 0.7% decrease below the rate in January 2023, as indicated by a new data report from the National Association of Home Builders (NAHB). The 1.33 million starts figure represents the amount of…

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Consumer Sentiment Continues to Warm in February

Fri, 02/16/2024 - 07:32

Consumers’ feelings continue to thaw toward the economy this winter, according to the latest data from the University of Michigan. Consumer sentiment grew an astounding 0.8% in February, following a 13.1% leap in January and a sharp increase in December. “The fact that sentiment lost no ground this month suggests that consumers continue to feel…

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Opendoor Q4 Revenue: Homes Sold Plummet as CEO Looks to ‘Rescale Business’

Fri, 02/16/2024 - 06:55

Opendoor Technologies Inc., an e-commerce platform for residential real estate transactions, on Feb. 15 reported financial results for Q4 and full-year 2023. The numbers, like so many industry companies after the bruising year, were not good.  While the company earned $870 million in Q4 revenue, it was a 70% drop versus Q4 2022. A net…

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Mortgage Mix: Rates Show Moderate Rise While Applications Pull Back

Fri, 02/16/2024 - 06:48

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to the Primary Mortgage Market Survey® from Freddie Mac, last updated Thursday, February 15, 2024, the 30-year mortgage rate sits at 6.77%. The 15-year mortgage rate currently stands at 6.12%. As noted by Mortgage…

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Inside Real Estate Launches 2024 with New Innovations in AI, Platform & Home Ownership Tech

Fri, 02/16/2024 - 06:30

Inside Real Estate announced a wave of new product innovations and enhancements, as well as a look at their 2024 roadmap, designed to make it easy for their clients to increase productivity and profit through a fully connected front-to-back office ecosystem. In a recent webinar for InsideRE clients, the company detailed innovative new enhancements to…

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DOJ Calls for “Decoupled” Commissions in Rebuke of Lawsuit Settlement

Fri, 02/16/2024 - 05:34

In a lengthy and methodical court filing late last night, lawyers for the Department of Justice (DOJ) excoriated a recently proposed settlement in one of the many ongoing commission lawsuits, in a move that is sure to cast doubt on other settlements agreed to by real estate companies, and foreshadows a separate push by federal…

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The Role of Location on Property Valuation

Thu, 02/15/2024 - 12:29

The adage “location, location, location” continues regarding real estate. The location remains paramount despite the myriad factors contributing to a property’s market value—including size, condition and features. We will examine how the geographical positioning of a property significantly influences its desirability and, consequently, its market value. From the impact of school districts and crime rates…

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Unveiling the Future: AI-Driven Strategies for Real Estate Success

Thu, 02/15/2024 - 11:49

In today’s ultra-competitive real estate market, staying ahead of the curve is not just an advantage; it’s a necessity. Artificial Intelligence is not a buzzword anymore; it’s a powerful tool reshaping how real estate agents operate, connect, and succeed. At Homes for Heroes, we have identified several AI strategies that can significantly enhance your real…

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