Fri.Mar 11, 2022

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Inside Fairway’s bold plan to boost reverse purchase business

Housing Wire

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. In relation other top 10 reverse mortgage lenders, Fairway stands out by making a concerted effort to cultivate more H4P business in an environment where many other reverse mortgage companies have spent much of the past 12-18 months focused on HECM-to-HECM (H2H) refinances, acc

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Finding a Home Can Be a Challenge. We’ve Rounded up 6 Ways to Find a Home off the Beaten Path

HomeLight

“Two roads diverged in a wood, and I —. I took the one less traveled by, And that has made all the difference.” ~ Robert Frost, “The Road Not Taken”. While Frost probably wasn’t talking about his search for a new home, this excerpt from the poem “The Road Not Taken” can certainly apply to a home search. While you’ve probably searched for homes on Zillow or maybe even called the number on a “for sale” sign, have you ever scouted haunted houses or scoured DOT listings?

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Opinion: Affordable lending requires creative thinking

Housing Wire

Each fall, trendsetters at Pantone decide on the next year’s “ color of the year ,” which they feel will define and influence the upcoming year. Whether the “color of the year” is a self-fulfilling prophecy or the trendsetters really are that on trend is currently unknown. Similarly, the mortgage industry has no shortage of trend predictions being made each month, quarter and year.

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Luxury Real Estate Headlines: Second Week in March 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Stockholm, Sweden | Helena Karnsund & Peter Frisell, Sweden Sotheby’s International Realty . This minimalist noir home in Lidingö riffs on barn architecture, with a dramatic black exterior that glows like a lantern at night thanks to large expanses of glazing.

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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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Drama in the Myrtle Beach real estate scene

Housing Wire

Two Myrtle Beach Century 21 franchises have filed a lawsuit against eXp Realty , alleging that eXp Realty agent Joel Barber stole profits and private real estate data during secretive, “unauthorized” late night office visits. In the lawsuit, which was filed last Wednesday in South Carolina’s Horry County State Court, Century 21 Barefoot Realty and Century 21 the Harrelson Group allege that Barber entered the Harrelson Group offices “unauthorized” six times between the hours of 10:30 p.m. and 5:3

Agents 370

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Impac Mortgage Holdings increasingly bets on non-QM

Housing Wire

Despite significant market volatility, nonbank lender Impac Mortgage Holdings appears to be long on non-QM. The California-based company reported non-QM originations of $382.1 million in the fourth quarter, roughly double that of the third quarter, and positioned the company for an annualized run rate of approximately $1.5 billion. In total, Impac originated nearly $700 million in non-QM mortgages in 2021, more than double 2020’s output. “Further context, the company originated less

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Locals Fight ‘Sickening’ Private Equity-Backed Landlord Moving Into Greenpoint, Williamsburg

Brownstoner

Members of the Greenbrook Tenants Coalition and Council Member Lincoln Restler went canvassing at a number of apartment buildings in Greenpoint and Williamsburg last week to warn tenants of the aggressive eviction and rent raising practices of their new landlord. Private equity-backed real estate firm Greenbrook Partners recently bought a number… Read More > The post Locals Fight ‘Sickening’ Private Equity-Backed Landlord Moving Into Greenpoint, Williamsburg appeared first

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What about mortgage application fallout rates?

Housing Wire

As lender concerns about margin compression rise, why aren’t we seeking to better understand our mortgage application fallout rates to increase revenue? For mortgage originators of all sizes, “fallout” is a word that induces headaches and nausea at roughly the same level as terms like “repurchase demand” or “regulatory audit.” We don’t often talk about it, but it’s a fact of mortgage lending.

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Laying the Groundwork for Continued Success

RIS Media

Jackie Louh. Vice President of Business Development. Lamacchia Realty. Waltham, Massachusetts. www.lamacchiarealty.com. Region served: Massachusetts, New Hampshire, Connecticut, Rhode Island and Florida. Years in real estate: 12. Number of offices: 10. Number of agents: 450. Best time management tip: Schedule one or two hours in your calendar to complete tasks, and turn off your phone and email so you don’t get distracted.

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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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‘Only Murders In The Building’: Is the Arconia Apartment Complex Real?

Fancy Pants Homes

Hulu’s star-studded mystery/comedy series, Only Murders in the Building , was one of 2021 biggest streaming hits, with critics and audiences alike tuning in to see whodunit. The show’s silly approach to true crime obsessives is at once hilarious and insightful, thanks in large part to its extremely charming central trio — played by legendary comedians Steve Martin and Martin Short, joined by singer/actress Selena Gomez.

Design 97
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Americans are Ready to Pack Their Bags and to Move to Their Dream Home

RIS Media

The “Great Resignation” continues to impact homes as even more Americans are willing to take a pay cut or accept a new job with a lower salary if it means moving to a more affordable location, according to new data from Coldwell Banker. The survey reveals that while many get ready to embark on the selling process, the guidance of a trusted real estate agent remains key.

Agents 98
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Household Real Estate in the Fourth Quarter

Eye on Housing

The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in 2021, the aggregate market value of all owner-occupied real estate in the United States experienced the largest quarterly increase on record. From $36.8 trillion in the third quarter of 2021, the value of owner-occupied real estate increased by.

Marketing 104
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4 Reasons I’m Still Bullish on Boise Real Estate Market

Realty Biz

You might have thought I was off my rocker if I told you Boise, ID was the fastest growing real estate market in the country over the last 2-4 years. According to the most recent data from Zillow, median home prices in Boise are up 70.09% over 4 years and 62.66% over 3 years, which both rank #1 among the top 100 metropolitan areas in the US. This has prompted many in the industry to regard Boise as the nation’s hottest housing market.

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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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Clinton Hill Brownstone With Marble Mantels and Three More to See, Starting at 1.295 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Carroll Gardens, Clinton Hill, Park Slope and Bay Ridge. They range in price from $1.295 million to $3.75 million. In Carroll Gardens, a 19th century brownstone owned by a judge for much of the 20th century mixes original… Read More > The post Clinton Hill Brownstone With Marble Mantels and Three More to See, Starting at 1.295 Million appeared first on Brownstoner.

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The metaverse is the new frontier of real estate

Real Trends

Imagine if life was like a video game. You, in the form of an avatar (digital self), could visit a series of 3D digital worlds, shopping, meeting friends, and even buying pillows for your home. Although that might sound fantastical or even kind of silly, this concept is beginning to revolutionize the real estate industry. Read on to learn how. What is the metaverse?

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Fear of debt means millennials aren’t buying homes

Realty Biz

Millennials’ concerns over debt have become so significant that they’re one of the main reasons why so many are reluctant to buy their first home. A January survey by Rocket Mortgage shows that almost half of all millennials quizzed that months said they delayed making a decision to buy a home out of the fear of amassing too much debt. In addition, they reported concerns over saving for a down payment and the high cost of homes today.

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New Data Show Homeowners in Negative Equity Dropped to Lowest Level in Over 12 Years

RIS Media

U.S. homeowners with mortgages have seen their equity increase by 29.3% year over year, representing a collective equity gain of over $3.2 trillion, and an average gain of $55,300 per borrower, since the fourth quarter of 2020. This is according to CoreLogic’s latest Homeowner Equity Report for the fourth quarter of 2021, released this week. Homeowners with mortgages account for roughly 63% of all U.S. properties, according to the report.

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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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A Columbia County Retreat Complete With Private Swimming Hole, Kinderhook Creek Views

Brownstoner

If you are already dreaming of warm days and a summer packed with entertaining, this Columbia County property offers the allure of some Greek Revival charm, your own swimming hole and room for your guests to spread out in the outbuildings scattered across the waterfront property. The location on the… Read More > The post A Columbia County Retreat Complete With Private Swimming Hole, Kinderhook Creek Views appeared first on Brownstoner.

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New Sessions and Speakers Announced for RISMedia’s CEO & Leadership Exchange

RIS Media

RISMedia is excited to announce new sessions and speakers confirmed for its 33 rd Annual CEO & Leadership Exchange , being held for the first time at the historic Mayflower Hotel in Washington, D.C. on Sept. 6-8, 2022. Early-bird pricing—more than 25% off the regular price—is still available for a limited time, and offers access to all networking events, including RISMedia’s esteemed Newsmakers Reception & Dinner.

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Why Frozen Pipes Can Be Dangerous To Your Household

Realty Biz

When winter approaches, many homeowners face risks from frozen pipes. When temperatures drop, water expands as it freezes. Take timely action to avoid the following hazards from burst plumbing. Frozen Pipes Lead to Water Damage. Water damage is one of the leading insurance claims made by homeowners every year. Statistics also show 250,000 households in the U.S. experience a frozen plumbing incidence.

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MoveEasy Launches New Homeowner Dashboard, Simplifying Home Management

RIS Media

MoveEasy has announced it is taking the next step in its evolution to become a 360-degree solution for every home-related service, with the launch of its homeowner dashboard, which simplifies home management for homeowners and real estate professionals. The company also announced partnerships with RE/MAX, Howard Hanna, and Schmidt Family of Companies, as well as an expanded relationship with Berkshire Hathaway HomeServices, further accelerating the growth of its platform.

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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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Mortgage and refinance rates today, March 11, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose modestly yesterday. And they’re now at their highest in nearly three years. But, of course, those rates remain exceptionally low by […].

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Headliners Week of 3/6 – 3/12

RIS Media

Catch Up on This Week's Biggest Stories. [link]. RISMedia Content Director Caysey Welton delivers this week's Headliners, a video recap of the week's top stories in real estate. Share on Facebook Share on Twitter. Read This Week's Top Stories. The Future of Real Estate is Sustainability. By Caysey Welton March 11, 2022. Craig Foley, sustainable housing pioneer and advocate, has a message for real estate professionals: don’t get left behind.

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Daily Links: As Ridership Surges, Feds Extend Public Transit Mask Mandate

Brownstoner

In the News A First-Time Buyer Invested Her Savings in Brooklyn [NYT] Federal Government to Extend Mask Mandate in Public Transit to April 18 [amNY] Prospect Park War Memorial Repaired Days After Car Crash [BP] Fort Greene Locals Hash Out Willoughby Avenue Open Street Fiasco [BP] Locals Rally to Support Brooklyn VA Hospital Amidst Closure… Read More > The post Daily Links: As Ridership Surges, Feds Extend Public Transit Mask Mandate appeared first on Brownstoner.

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Top 10 Mistakes Realtors Make That Ruin Client Relationships

Realty Biz

One trait that separates a good real estate agent from a great one is their ability to build meaningful relationships — that means becoming a long-term partner their clients can trust to help them through the buying or selling process. A high percentage of a successful agent’s business comes from word-of-mouth, referrals and repeat business, which is more important even in the current competitive market.

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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.