Fri.Jul 07, 2023

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Will labor data send mortgage rates to 8%?

Housing Wire

The 10-year yield and mortgage rates have been rising close to the 2023 high as some labor data shows that the honey badger labor market is still growing. To make things even more complicated, the spreads between the 30-year mortgage rate and the 10-year yield keep getting wider. The question is: will the labor data push mortgage rates to 8%? In my 2023 forecast , I wrote that if the economy stays firm, the 10-year yield range should be between 3.21% and 4.25% , equating to mortgage rates betwee

Mortgages 415
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'Threads' is taking off — here's why you should try this Twitter alternative

Real Estate News

Yes, there's a new social media app in town. It might be a fad — or the next big thing — but getting on board now could reap dividends for your business.

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Nationwide Property and Appraisal Services acquires Integrity Appraisal Management

Housing Wire

Nationwide Property and Appraisal Services LLC (NPAS), led by Sri Velamati and one of the largest appraisal management companies in the U.S., announced that it has acquired Integrity Appraisal Management (Integrity), a regional AMC based in Houston, TX. The acquisition of Integrity will help NPAS strengthen its ability to expand market reach and enhance product and service offerings, the company said in a statement.

Equity 370
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Hanna’s move to limit listings: Conversation starter or something more?

Real Estate News

The country’s largest independent brokerage recently pulled out of IDX in the Cleveland area, touching off widespread discussion. Will its approach catch on?

Brokerage 243
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Consumers may be coming to terms with elevated rates and high home prices: Fannie Mae

Housing Wire

Consumer confidence in housing may have plateaued, according to the latest home purchase sentiment index (HPSI) by Fannie Mae. The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — rose a mere 0.4 points to 66 as difficult supply and affordability conditions continue to weigh on the housing market, according to Fannie Mae.

Sales 387
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Buydowns, rate lock fees can be powerful negotiation tools

Real Estate News

In this high-interest rate, low-inventory environment, creative financing tactics can help agents and their clients seal the deal.

Finance 258

More Trending

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Slow job growth could signal an economic shift

Real Estate News

A lackluster June jobs report suggests the Fed’s aggressive fight against inflation may finally be working, which could influence future rate hikes.

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What does the fix-and-flip market look like right now?

Housing Wire

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors. But increasing costs and the banking crisis this year have meant a fall-off in return on investment for flippers, and for those still interested, it can be more difficult to finance a fix-a

Marketing 363
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Americans resigned to high home prices, mortgage rates: Fannie Mae

Inman

Consumer confidence in the housing market "appears to have plateaued at a relatively low level," said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday.

Mortgages 157
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Job gains slow in June, but are probably still too hot to sway the Fed

Housing Wire

The labor market is moderating gracefully, but conditions remain too hot for the Fed’s liking. Job gains were relatively solid yet again in June, with total nonfarm payroll employment reaching 209,000 jobs, compared to 339,000 in May , according to data released Friday by the Bureau of Labor Statistics. This increase is slightly under the average monthly gain of 341,000 jobs over the past 12 months.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Is this really who we ‘R’? 

Inman

In the face of new harassment allegations at the highest levels of leadership, where is the outrage? asks speaker and writer Valerie Garcia. Is this who we are as Realtors?

As-is 164
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FHFA issues notice of potential changes to Suspended Counterparty Program

Housing Wire

The Federal Housing Finance Agency (FHFA) on Friday issued a notice of proposed rulemaking that would amend its Suspended Counterparty Program (SCP) to include additional forms of misconduct as a basis for keeping regulated entities from doing business with organizations found to have committed fraud. “The SCP regulation requires any of FHFA’s regulated entities to submit a report to FHFA if the regulated entity becomes aware that an individual or institution with which it does business has been

Banks 349
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Virginia is for lovers, irked buyers, stubborn sellers and bidding wars

Inman

Despite sales falling by double-digits, agents and brokers in Alexandria, Richmond and Norfolk, Virginia, anticipate a summer of heated bidding wars, tough negotiations and market headwinds.

Agents 146
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Nationwide Property and Appraisal Services acquires Integrity Appraisal Management

Housing Wire

Nationwide Property and Appraisal Services LLC (NPAS), led by Sri Velamati and one of the largest appraisal management companies in the U.S., announced that it has acquired Integrity Appraisal Management (Integrity), a regional AMC based in Houston, TX. The acquisition of Integrity will help NPAS strengthen its ability to expand market reach and enhance product and service offerings, the company said in a statement.

Equity 346
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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5 years after Amazon staked its claim in Virginia, luxury is thriving

Inman

Since Amazon announced its ambitious HQ2 plans in 2018, Arlington's lower-tier luxury market has been ravaged by homebuyers and developers alike — and the rush show no signs of slowing.

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Luxury Real Estate Headlines, First Week in July 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Sonoma, California | Sotheby’s International Realty – Sonoma Brokerage The renovated residence overlooks Mt. Diablo, the San Pablo Bay and the San Francisco skyline. Decorist Founder Selling California Wine Country Home for $12.5 Million – Mansion Global In Beverly Hills, Even the Cheapest Homes Cost Millions – The Wall Street Journal Asheville Was Already Cool—Now It’s Luxe – Barron’

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Mosaik rolls out AI-backed home search as stand-alone product

Inman

Collaborative, AI-backed home search that allows buyers, agents and family members to browse and consider options in unison based on a "wishlist" is now available to enterprise accounts.

Agents 143
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Rookie Reply: How to Get 100% Financing for ALL of Your Real Estate Deals

Bigger Pockets

100% financing for ALL of your real estate deals? Without thousands of dollars saved up, many people assume there’s no way for them to invest in real estate.

Finance 110
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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Fredrik Eklund swaps coasts in move from Los Angeles to Miami

Inman

With the move, Eklund also announced that he and husband Derek Kaplan will be renting out their 5,700-square-foot Beverly Hills home for $50,000 per month. He cited increased business and his children's education as key reasons for their relocation.

Agents 130
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Summer 2023 Pricing

BubbleInfo

The local home pricing is still off the highs of early-2022, but not by much. The smaller sample sizes (fewer sales) will make it harder to accurately identify the trends and cause more frustration/indecision for both buyers and sellers. Have we recovered, or just briefly paused the softness?

Sales 98
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Builder hiring ramps up while real estate brokerages keep pace

Inman

Builders and residential contractors added nearly 60,000 jobs in June — about 11,000 more than expected for this time of year, according to data released Friday by the Bureau of Labor Statistics.

Brokerage 127
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Sexual and Racial Discrimination Lawsuit Against NAR Dropped

RIS Media

While its list of legal battles is still pretty lengthy, the National Association of REALTORS® (NAR) can turn the page on a lawsuit that was filed by a former employee accusing the trade group of racial and sexual discrimination and sexual harassment. A little over a week after filing a suit against her former employer,… The post Sexual and Racial Discrimination Lawsuit Against NAR Dropped appeared first on RISMedia.

MLS 98
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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Smart, easy Azibo soothes the pain points of owning investment property: Tech Review

Inman

Azibo is a browser app to help property owner-operators who manage anywhere from five to 50 units get a handle on their finances, tenants and portfolio.

Finance 133
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First Impressions Matter – Get Your Home Market Ready

Coldwell Banker

If you are considering selling your home, there are several things you can do now to make the best first impression on potential buyers. Taking the time to declutter, deep clean and make simple repairs will show buyers that your house and property are well-maintained and ready for a new owner. Increase Curb Appeal A […] The post First Impressions Matter – Get Your Home Market Ready appeared first on Coldwell Banker Blue Matter.

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How we’re using QR codes for high-impact real estate marketing

Inman

Stop sending the same-old, same-old marketing collateral, writes DOORA Creative Director Janet Pozos. Use QR codes to make everything you provide more meaningful.

Marketing 127
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Slowing Job Growth Muddles Rate Debate

RIS Media

A labor market that for months seemingly shrugged off the Federal Reserve’s heavy hand finally appears to be slowing, as the latest report on jobs missed expectations with 209,000 new positions added in June. Economists and investors expected around 240,000. The unemployment rate remained mostly unchanged and in line with expectations at 3.6%. “The June… The post Slowing Job Growth Muddles Rate Debate appeared first on RISMedia.

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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NAR hunkers down as agents push back: The Download

Inman

This week: As NAR dismisses harassment claims, women in the industry speak up about what they've seen up close and personal.

Agents 137
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NAR Launches New Podcast on REALTOR® Safety

RIS Media

The National Association of REALTORS® (NAR) has announced the launch of a new podcast, Drive With NAR: The Safety Series, set to debut on July 17. This monthly series is the second installment in the member-facing “Drive With NAR” podcast channel, an extension of the REALTOR® Magazine brand. Drive With NAR: The Safety Series will… The post NAR Launches New Podcast on REALTOR® Safety appeared first on RISMedia.

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Threads: First impressions of summer’s hottest social network

Inman

Trainer Rachael Hite shares her first impressions of Meta's latest new social app. Will this kill Twitter? Do you need to add this to your business marketing strategy. We are in a new frontier of digital communication.

Marketing 113
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Mortgage Mix: Rates Up, Applications Down

RIS Media

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. –Rates are pushing toward last year’s peak, reaching 6.81% this week, according to Freddie Mac. Despite a pause in rate hikes by the Fed, expectations for more increases later in the year appear to be… The post Mortgage Mix: Rates Up, Applications Down appeared first on RISMedia.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.