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4.3M apartments needed in US by 2035 to meet demand, study says

"Put simply, we do not have enough housing," NAA President and CEO Bob Pinnegar says. He points to such factors as years of underbuilding and lack of affordability.

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Can flat-fee brokerages solve the principal-agent problem?

For no cost to a seller, Federa will place a home on its local multiple listing service at a price the seller determines. They can upload photos and enter dates on which they want it go live. And that's it. Everything else is left up to the seller.

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Realtor income rose by double digits in 2021, says NAR’s Member Profile

The trade association's 2022 report finds that the median gross income for Realtors overall grew 25.3 percent last year, but the increase was smaller for sales agents

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Sagent to power loan servicing for Bank of England Mortgage

The Arkansas-based lender will use Sagent’s servicing solutions to collect monthly payments from borrowers and manage loans when homeowners get behind on their payments.

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MarketBuy’s open offer listing model officially makes US debut

MarketBuy's Will Farmer leads its official expansion into the states as its North American head of growth. He will attend Inman Connect, eager to pitch what the company can do for the listings of the industry's most engaged agents and leaders.

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Freddie Mac posts healthy profit despite big drop in mortgage volume

The mortgage giant generated a $2.5 billion profit and grew its mortgage portfolio by 14 percent despite dramatic declines in new purchase loans and refinancing.

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What is the government’s role in housing? The Real Word

This week, Byron Lazine and Nicole White discuss NAR chief economist Lawrence Yun's recent testimony to Congress and 2022's biggest residential real estate transactions (so far).

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Homebuyers with lower credit scores pay hundreds more: Study

The homebuyers with "fair" credit scores can pay up to $288 more per month than those with "excellent" scores, according to a new study by Zillow.

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Luxury Presence scores 2 new C-suite executives

Jesse Pedersen will serve as the company's chief technology officer, while Zac Hays is joining as chief product officer, according to an announcement released Thursday.

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Ribbon slashes one-third of workforce to adjust to ‘new reality’

After expanding into eight new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an "achievable path to profitability."

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Real estate investors scooped up record number of homes this spring

Investor purchases made up 9.5 percent of home purchases nationally in April, modestly below a February 2022 peak of 9.7 percent and an increase of 64 percent from 2019 levels, according to data from Realtor.com.

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NAR chief economist: Don’t expect big changes in mortgage rates

Speaking at NAR's Real Estate Forecast Summit on Wednesday, Chief Economist Lawrence Yun said "inventory is turning" and the housing market is heading back toward a pre-COVID normal.

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Compass brings on Stacy Jones as head of Luxury Division’s top agents

Jones comes to Compass following several years as co-owner and chief people officer at Realogics Sotheby's International Realty, a top Sotheby's franchise located in Seattle.

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Latest NAR member benefit: high-end printed marketing collateral

As part of its charge to dues-paying members, the National Association of Realtors will offer the opportunity for brokers to have a full-color, consumer-education brochure produced for their businesses.

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Market headwinds push Anywhere Q2 revenue down 6% to $2.1B

Inflation, rising mortgage rates and sinking home sales contributed to Anywhere's diminished performance in Q2 as the company braces for choppier waters ahead.

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3 years in hibernation, Milestones emerges with $10M in funding

Milestones' client retention model is not entirely new, but the company hopes its new funding and team of backers can deliver a unique message to the market.

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Opendoor hires ‘seasoned executive’ as new chief legal officer

Sydney Schaub most recently worked at cryptocurrency exchange Gemini as chief legal officer and joins Opendoor at a pivotal moment in the company's history.

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Broker Spotlight: Ryan Iwanaga, Christie’s International Real Estate Sereno

This week the Spotlight shines on Ryan Iwanaga of Christie's International Real Estate Sereno and his charitable foundation, Sereno 1% for Good.

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3 tips for keeping your team profitable in today’s market

This new market is likely going to require you to work more than before, says Livian CEO Adam Hergenrother. Make peace with that. Understand the market and then take action. By doing so, you’ll come out of the shift in an even stronger, more successful and more profitable position than before. Here's how to maintain profit, no matter what the market does.

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Get your team back on track! How to bust out of a plateau

If sales have plateaued and your inbox is plagued with problems, it's time to have a meeting of the minds and get your team back on track. CEO Chris Pollinger recommends these tips to bust out of the rut and get your team back to work.

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