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Become a New Home Construction Expert

The Residential Specialist

New home construction can be a profitable niche for real estate professionals who are willing to dedicate the time and effort By Myrna Traylor Most residential real estate professionals enter the real estate field with an eye on the largest market—resales of existing homes. New construction is always seen as much more expensive.

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HECM program study assesses policy impacts of recent years

Housing Wire

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. per square foot, or 3.5 percent of the $223 per-square-foot average for homes.”

Loans 318
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The anatomy of a successful real estate recruitment funnel

Housing Wire

Understanding and optimizing each stage of this funnel is critical to streamline recruitment and attract top-tier talent. With that in mind, let’s break down a successful real estate recruitment funnel and how to optimize each stage: 1. Awareness At this stage, potential recruits become aware of your brokerage and what it stands for.

Brokerage 368
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10 ways to use virtual reality technology in your real estate business

Housing Wire

However, developing interactive virtual tours requires advanced rendering techniques and programming expertise, making them more complex to create compared to guided tours. Virtual home staging According to Realtor.com, staging a 2,000-square-foot home typically costs between $2,000 and $2,400 per month.

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Liberty Reverse parent Ocwen seeks to rebrand this year

Housing Wire

The only entity to be immediately impacted in the initial rebranding stage is Ocwen itself, but a version of the new name is expected to roll out to both Liberty and PHH at some point in 2024. It has constructed a servicing platform while adding multi-asset originations and asset management capabilities. Ocwen Financial Corp.,

Branding 373
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Opinion: why innovation in a builder matters to homebuyers

Housing Wire

The real estate industry is in the stages of a seismic shift to fully digital experiences. Furthermore, when it comes to new construction homes, more than one-third of buyers have their interest piqued in a builder while browsing online. Innovation is not just on the construction side — it also can be adopted on the sales side.

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The state of the homebuilding market

Housing Wire

Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. Fortunately, it’s not all bad news. of builders showed profitability with $1 million plus contracts on average. Homebuilding Contract Values.

Marketing 468