Ramping up referral business is more important than ever in 2023

Economic uncertainty is putting pressure on real estate agents' databases. Hot leads have simmered, and suddenly business is harder to come by. That's why referrals are more valuable than ever.

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City National Bank to pay at least $31M to settle redlining charges

The biggest redlining settlement in DOJ history is the fifth enforcement action since the launch of the initiative to combat redlining in 2021, with $75 million in relief to date. City National denied that it engaged in redlining.

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Bernie Madoff’s penthouse pulled from market: No buyers

The three-bedroom, three-and-a-half-bathroom property at 133 E. 64th St. on the Upper East Side sat on the market for 7 months without an offer, according to a report.

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Mansion dubbed ‘The Invisible House’ hits market for $18M

Chris and Roberta Hanley designed a 5,500-square-foot home with mirrored glass to reflect the surrounding 70 acres of desert landscape near Joshua Tree National Park.

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2023 may turn out to be the year for loud quitting

Sometimes quitting is the right thing to do, writes broker Teresa Boardman. Having a plan first is a good idea but not absolutely required.

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8 social media trends to watch for (and take advantage of) in 2023

By staying up-to-date on these trends and adapting their social media strategies accordingly, real estate professionals can position themselves for success in 2023 and beyond.

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Inman’s Top 5 stories for the week of Jan. 6-12, 2023

Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Jan. 6-12, 2023.

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Number of Realtors hits new record high for 4th-straight year

National Association of Realtors' membership edged ever closer to 1.6 million in 2022, but the real estate trade group expects a drop this year, according to data provided to Inman.

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Bess Freedman, Serhant butt heads (again) after bizarre pitch to BHS

In a bold move to start the new year, a SERHANT. representative pitched the brokerage's training and coaching programs to BHS CEO Bess Freedman, although BHS already has its own in-house programs.

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Construction platform Welcome Homes secures $29M Series A round

Era Ventures led the funding round for New York-based Welcome Homes, an online home construction platform that elevates the design and buy process of new property construction.

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Keller Williams to pay $40M to settle cold call class action lawsuit

As part of the deal, the real estate franchisor also agreed to create a task force to 'enhance compliance' with the Telephone Consumer Protection Act.

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Engel & Völkers enters Central America with Costa Rican shops

The opening of two new shops in Playa Hermosa/Papagayo and Tamarindo marks the global luxury brokerage's first foray into Central America.

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Writer’s block? Break it, with computer-vision backed ListAssist: Tech Review

ListAssist is an ideal solution for real estate marketing teams tasked with cranking out original copy day after day, the creatively drained agent and the tech-savvy team that wants to further automate business tasks they find tedious.

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Foreclosures, forecasts, fix-and-flips: What Attom’s data can tell us about 2023

Whether you’re a real estate agent or a homeowner, market conditions in 2023 are going to vary wildly across the country. Bernice Ross talks with Rick Sharga of Attom Data about what to expect next.

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On a budget? 10 lead sources with no upfront costs

If you’re looking for a way to keep your upfront costs down but still have a steady flow of leads coming into your business, Jimmy Burgess recommends these companies.

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Rent growth slows to smallest rate since July 2021

While the 4.8 percent growth was still above historical norms, it’s the smallest increase since June 2021. Median asking rent in the nation’s 50 largest markets climbed to $1,979 last month.

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Redfin adds energy cost estimates to listing information

The new feature, prepared through a partnership between the brokerage and Wattbuy, will display an estimate of the homes' monthly electricity bills and seasonal changes in pricing.

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Glenn Kelman calls millennials ‘the roommate generation’

For years, real estate professionals have looked to millennials to push the housing market forward as previous generations slow their homebuying and homeselling activities. However, several obstacles — overwhelming student loan debt, stagnant wage growth and skyrocketing home prices — have stifled millennials' homeownership dreams and turned them into what Redfin CEO Glenn Kelman calls "the roommate generation."

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Is the housing market responsible for eXp’s lagging growth? The Real Word

This week, Byron Lazine and Nicole White are talking about the lagging growth at eXp, rising consumer confidence and the weekly media review Left, Middle, Right.

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This city will be the hottest market of 2023, Zillow predicts

Zillow named this North Carolina city as its hottest market of the year, continuing the trend of cities with relatively warm climates taking the top spot, following Tampa in 2022 and Austin in 2021.

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