Sun.Sep 10, 2023

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Housing inventory is barely positive heading into fall

Housing Wire

Last week we saw a noticeable decline in new listings and active inventory was barely positive. Does this mean housing inventory has begun its seasonal decline? Here are the weekly numbers: Weekly active listings rose by only 343 Mortgage rates rose from 7.08% to end the week at 7.22% Purchase apps fell 2 % week to week Weekly housing inventory At first glance, it seems we’re now seeing the seasonal active inventory decline since new listings data fell noticeably and active listings slowe

Mortgages 498
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Buy Side: Changes to commissions 'would hurt buyer's agents for sure'

Real Estate News

Monika Kaszycka says buyer’s agents already work hard, and they’ll have to prove their value even more if buyers have to pay them upfront.

Agents 293
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Rate lock volume plummets in least affordable housing market in 40 years

Housing Wire

Rate lock volume fell 1.5% in August, the third consecutive decline as mortgage rates climbed to the highest level in more than 20 years. Overall lock volumes were down 9.5% over the last three months and were 55% below that of August 2022, according to Black Knight ’s August originations market monitor report. “Interestingly, we saw very slight upticks in both cash-out and rate/term refinance locks in August,” Andy Walden, VP of enterprise research for Black Knight, said in a statement.

Marketing 470
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10 ways to invest in your agents (so they’re invested in you)

Inman

Although broker Troy Palmquist and DOORA Creative Director Janet Pozos know that brokers expect accountability and investment from their agents, the agents need the same thing from their leaders.

Agents 193
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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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Can I Roll Closing Costs Into My Conventional Mortgage?

Bigger Pockets

Some investors may benefit from rolling closing costs into their mortgage payments. We'll break down this strategy and explain if it makes sense for you.

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Top 10 Brooklyn Real Estate Listings: A Fort Greene Brownstone, a Kensington Limestone

Brownstoner

The most popular listings on Brownstoner this week include a Clinton Hill co-op, a Gowanus wood frame, and a Park Slope limestone. Popular listings are scattered around the borough this week and even into Westchester County. The least expensive property on the list is a Prospect Heights co-op at $1.095 million… Read More > The post Top 10 Brooklyn Real Estate Listings: A Fort Greene Brownstone, a Kensington Limestone appeared first on Brownstoner.

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Short-Term Rental Policies

BubbleInfo

The Natalie dance video collection is taking forever to upload!

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Is The Fed Moving Fast Enough to Save Us From a Recession?

Bigger Pockets

The Fed has put the American economy under extreme pressure to lower inflation.

Mortgages 111
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Natalie NYC

BubbleInfo

I changed my settings to 4K on the camera and editor. You can change the setting on your YouTube viewer too (bottom right).

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Is It Cheaper to Buy Land and Build a House?

Marco Santarelli

Introduction Is it cheaper to buy land and build a house, or to buy an existing home? Are you torn between buying land and building a house? This is a common question for people who are considering buying a home. This is a common question for people who are considering buying a home. The answer depends on a number of factors, including the cost of land, the cost of construction, and the current market conditions.

Land 52
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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.