The Power of Education

December, 9 2022

Dylan Handy was a business development coach providing marketing solutions for brokers and agents on behalf of Elm Street Technology some years back when he realized the need for more education and long-term support, especially in digital technology. “It was eight or nine years ago,” says Handy, who grew up in a real estate family…

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Building Relationships to Build Your Business

December, 9 2022

In 2020, Remi Blackburn discovered a new passion for helping people find their ideal home. After a series of events led her down the path to becoming a licensed REALTOR®, Blackburn joined the team at Norfolk, Virginia-based OWN Real Estate, a brokerage dedicated to providing exclusive opportunities to residential buyers. At the precipice of her…

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Avoiding Fair-Housing Pitfalls: Don’t Become the Next Lawsuit

December, 9 2022

The Fair Housing Act was established to advance equality in the US housing market and made it illegal for real estate professionals to discriminate in the sale or rental of housing because of: Race Color Religion National origin Sex (including gender identity and sexual orientation) Disability Familial status Yet while the Fair Housing Act has…

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Signs Your Home Needs a New Roof

December, 9 2022

One of the most essential elements of any home is the roof. It gives us shelter and keeps us warm and dry in our homes. Over time roofing in our property’s will need to be replaced. But how do you know when a roof replacement is necessary? Are there warning signs when roofing replacement becomes…

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Real Estate Markets Projected to Dominate in 2023

December, 9 2022

Hartford, Connecticut, will be one of the hottest real estate markets in 2023, according to a report from Realtor.com. Realtor.com’s new report examines housing and economic data in the 100 largest metropolitan areas to determine a list of markets where sales and prices are anticipated to continue rising next year. The report found that the…

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THE PLAYBOOK: Productive Conversations to Have With Clients in a Shifting Market

December, 8 2022

Editor’s Note: The Playbook is an RISMedia weekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they’re employing and unique ideas they’ve formulated. Tune in every Thursday for another addition to the series. The way people are…

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Bright MLS Forecasters Unpack 2023 Market Predictions

December, 8 2022

The frenzied housing market has come and gone, but that doesn’t mean the sky is falling. Instead, new forecasts from Bright MLS suggest that shifting conditions signal a market correction and further cooling. As the year’s final days dwindle down, Bright released its 2023 Housing Market Forecast Wednesday, making several predictions for next year’s housing…

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Mortgage Rates Drop for Fourth Consecutive Week

December, 8 2022

The latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday shows the 30-year fixed-rate mortgage (FRM) averaging 6.33%, down from last week’s 6.49%. This is the fourth consecutive week rates have moved downward, Freddie Mac reported. This week’s numbers: 30-year fixed-rate mortgage averaged 6.33% as of December 8, 2022, down from last week…

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NAR Submits Letter on Small Balance Lending to FHA

December, 5 2022

Improving FHA’s policies to promote the use small balance loans is a strong step towards achieving NAR's goal of supporting underserved communities and promoting homeownership.

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NAR Sends Letter To FHFA Director Following Visit

November, 22 2022

NAR thanked the FHFA Director, Sandra Thompson, for her work on special purpose credit programs that include down payment assistance, which are two products that NAR supports.

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NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience

November, 22 2022

NAR sent a letter to the Appraisal Foundation (TAF) to establish equivalency credit for education and experience in licensed and regulated fields involving valuation such as licensed real estate salespersons, real estate agents, and real estate brokers.

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NAR Provides Feedback On FTC Potential Data Privacy Rulemaking

November, 22 2022

It is important that any data security standards be based on reasonableness, taking into account the diversity of different businesses covered by the regulation.

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FHA Issues Private Flood Insurance Rule

November, 21 2022

Please note that while the new HUD rule will significantly expand the flood insurance choices available to FHA borrowers, not all private policies will meet its definition of private flood insurance.

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FHA Releases 2022 Annual Report to Congress

November, 15 2022

FHA’s substantial capital reserves are 9.2% above what is required by Congress and 3% higher than their previous year’s reporting.

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FinCEN Renews Its Geographic Targeting Order Through April, 2023

October, 28 2022

The current GTO is effective beginning, October 27, 2022 until April 24, 2023, and includes additional jurisdictions in Texas.

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FHFA Announces Framework to Adopt New FICO and VantageScore Scores

October, 25 2022

The FHFA announced that it will implement a framework for adopting two new credit scoring models by Fannie Mae and Freddie Mac.

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