Housing Wire

MAY 12, 2022

Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position. A homeowner is considered equity rich when they have at least 50% equity in their home, a feat more easily accomplished when skyrocketing home price appreciation widens the gap between what someone owes on their mortgage and the value of their house.

Equity 468

Equity Mortgages Residential Marketing 468

Keeping Current Matters

MAY 12, 2022

While you may have seen recent stories about the volume of foreclosures today, context is important.

Marketing 251

Marketing 251

Housing Wire

MAY 12, 2022

Not everyone can afford to invest in rental property in the area they live in. In some regions, housing prices are so high that it may be difficult to add to your real estate portfolio. Whether cash buyers outbid you or you can’t get financing to cover the high costs, it puts a damper on your goal to add real estate investments to your portfolio.

Property Management 430

Property Management Due diligence Finance Investor 430

Eye on Housing

MAY 12, 2022

According to the latest Producer Price Index (PPI) report released today by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 0.5% in April, following upwardly revised increases of 1.9% and 2.4% in March and February, respectively. This adds up to an 4.9% increase in building materials prices since the start.

Construction 140

Construction Residential 140

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

Technology

Housing Wire

MAY 12, 2022

Blend Labs reported a $73.5 million loss in the first quarter, but pointed to the performance of its mortgage banking and title sectors as a positive sign for the rest of the year. The company’s revenue rose to $71.5 million, up 124% year over year, driven by $38.7 million in revenue from Title 365 , which Blend acquired in 2021. Mortgage banking revenue dropped 7% year over year to $24.5 million.

Title 403

Title Banks Mortgages Closing 403

Housing Wire

MAY 12, 2022

An ebullient m ark et for mortgage-servicing rights (MSRs) helped to buoy the profitability of at least three major nonbank lenders that are publicly traded and abated losses for a fourth, based on their recently announced first-quarter financial results. Those lenders are UWM Holdings Corp., the parent of United Wholesale Mortgage ; Rocket Companies Inc., the parent of Rocket Mortgage ; Home Point Capital , the parent of Home Point Financial Corp. ( Homepoint ); and loanDepot — the only l

Sales 388

Sales Purchase and sale agreement Principal Loans 388

Lighter Side of Real Estate

MAY 12, 2022

You probably never even heard the term until you became a real estate agent. But once you became one, you were probably told how important it is to build and nurture your very own “sphere of influence.”. The problem is, people tend to be pretty loose with the term and definition. Who should be considered part of it? Your friends and family? Neighbors?

Agents 121

Agents As-is Branding Development 121

Housing Wire

MAY 12, 2022

Purchase mortgage rates this week averaged 5.30%, up three basis points from a week ago , causing homeowners’ monthly payments to increase by about one-third year-over-year, according to the latest Freddie Mac PMMS. Borrowers continue displaying resilience, but higher rates expected in coming months could reduce the overall appetite for mortgage loans.

Mortgages 370

Mortgages Fixed-rate mortgage Banks Technology 370

Brownstoner

MAY 12, 2022

It’s a drama that plays out time and again in Brooklyn: An application for a demolition permit is filed for an historic building, spurring the community to rally around it and push for its designation as a landmark. By that time, it's usually far too late. But not always. Recent examples of… Read More > The post Landmarking vs. Demolition: What Work Can Be Done While Permits Are Processed?

Design 111

Design As-is Development 111

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

Development

Housing Wire

MAY 12, 2022

Home Point Capital , the parent company of wholesale lender Homepoint , continues to turn profits based on the selling of operations and assets as management adjusts the company to the shrinking mortgage market. The wholesaler reported on Thursday morning it notched a $12 million profit from January to March, a sequential decline from the $19.3 million in the fourth quarter of 2021 and $149 million in the first quarter of 2021.

Principal 370

Principal Lending Mortgages Industrial 370

RIS Media

MAY 12, 2022

As a luxury real estate professional, you know that even the most incredible homes don’t sell themselves. Many components go into the listing, marketing, and selling of a property in the luxury market, such as furniture staging, adequate lighting, and high-quality photos and videos. Yet, all these components will not shine without a carefully crafted listing description to promote the property.

Staging 111

Staging MLS Land Residential 111

Housing Wire

MAY 12, 2022

Rates are rising. Refinances are falling. Inventory is contracting. Application fallouts are worsening. It’s getting harder out there. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all.

Lending 369

Lending Marketing Pre-qualification Pre-approval 369

RIS Media

MAY 12, 2022

Even when you think you’ve done everything right, things can still go wrong. In this breakneck market, everything moves faster than normal. Despite your best efforts, this can open you up to complaints and lawsuits, which can hurt your reputation and income. Making sure you have E&O insurance is strong strategy for brokers and agents to mitigate these risks.

Inspection 111

Inspection Marketing Agents Industrial 111

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

The Mortgage Report

MAY 12, 2022

Today’s mortgage and refinance rates Average mortgage rates just inched higher yesterday. That counts as a win after inflation data that morning came in hotter than expected. Mortgage rates today […].

Mortgages 111

Mortgages 111

RIS Media

MAY 12, 2022

Mobile-based technology has helped streamline virtually every aspect of real estate for both the agent and customer. Whether it’s searching for a home or setting up a time to chat with a prospective client, there’s an app-based solution for every part of the homebuying or selling process. And while mobile technology is helpful when trying to nail down a walkthrough date or uploading financial information, it can have some additional benefits for your real estate brokerage that can provide repeat

Technology 111

Technology Brokerage Agents Land 111

BubbleInfo

MAY 12, 2022

Even though real estate is local, the homebuyer psychology tends to be similar across the country – mostly because people are people, and have similar reactions to every variable. When they see mortgage rates go from 3% to 5.5% in less than six months, it’s only natural to want to pause and see where this […].

Mortgages 105

Mortgages Marketing 105

RIS Media

MAY 12, 2022

Weichert Real Estate Affiliates, Inc. held its April Leadership Academy for new franchise managers from April 4 to April 8, the company has announced. There were more than 30 attendees from 14 states, including California, Montana, Rhode Island, Ohio and Georgia. The event was held in person near Weichert corporate headquarters in Morris Plains, New Jersey.

Brokerage 111

Brokerage Staging Industrial Agents 111

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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

Brokerage

Sotheby's International Real Estate

MAY 12, 2022

These days, the more unique and fun weddings are, the more memorable and fulfilling they can be. Couples are finding ways to pay homage to time-honored traditions while creating customs of their own, and they’re favoring smaller gatherings where guests are treated to highly personalized festivities. More nuptials are taking place in and around the home, a sacred and sentimental space that carries infinitely more meaning than an offsite venue.

Staging 98

Staging 98

RIS Media

MAY 12, 2022

While the housing market is going through its share of changes, the first three months of 2022 proved to be a boon for realtor.com® parent company, Move Inc., which saw its revenue climb amid a wave of momentum coming off of 2021. According to its latest earnings report, The News Corp subsidiary reeled in $170 million during its fiscal third quarter—up slightly from the $162 million the company earned in the same period in 2021.

Industrial 110

Industrial Marketing Mortgages As-is 110

Tom Ferry

MAY 12, 2022

Since the dawn of civilization (I love when I get to start off like that), whenever people have talked about homes, they were talking about people. Real estate is a people business, maybe more so than any other type of sales. Whether we’re talking about managing your team or converting leads, it’s essential that we […]. The post Using DiSC Profiles to Boost Your Conversion Skills appeared first on Tom Ferry.

Sales 98

Sales Agents 98

RIS Media

MAY 12, 2022

Realogy Holdings Corp. has announced that RealScout, a real estate technology company that provides a search platform for real estate agents to collaborate with their clients during the homebuying process, was selected as the winner of the FWD Innovation Summit (FWD) 2022. Realogy’s annual FWD competition is designed to accelerate technology innovation and help shape the future of the real estate services market.

Technology 105

Technology Agents Brokerage Industrial 105

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

Brownstoner

MAY 12, 2022

A compact two-bedroom in an early 20th century row house in Windsor Terrace has a wealth of original details in the living area, a renovated kitchen and access to a shared garden. It's on the garden level of 12 Sherman Street, a pale stone townhouse with a bowed front and… Read More > The post Windsor Terrace Two-Bedroom With Dishwasher, Mantel, Garden on Scenic Block Wants $3,800 appeared first on Brownstoner.

Renovation 98

Renovation Marketing 98

RIS Media

MAY 12, 2022

The real estate industry spends way too much money finding new clients. Approximately 20% of all marketing dollars go toward adding new clients, only to lose them as they leave the closing table. Compare that to companies such as Southwest Airlines, Nordstrom and Marriott that spend less than 4% of their marketing spend on new customer acquisition. Why the discrepancy?

Technology 98

Technology Agents Industrial Design 98

Realty Biz

MAY 12, 2022

Real estate agents have no end of tools they can use to help manage their business. One of them is your database, but how powerful a tool is it, really? The truth may surprise you. Here’s why maintaining a real estate database is so crucial to the success of your real estate career. What Real Estate Databases Are. A simple explanation of what a real estate database is would be a list of everyone you have come into contact with in the course of your career as a real estate agent.

Technology 97

Technology Agents As-is Development 97

RIS Media

MAY 12, 2022

Seven major priorities currently define what high-net-worth buyers are looking for in this unprecedented, red-hot housing market…and for the first time, those needs and desires are being brought to life through a marquee illustration by Luxury Portfolio International® (LPI), titled the “Luxury Home of Today,” the company has announced. Credit: Visual Studio.

Title 98

Title Design Industrial As-is 98

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

Notorious ROB

MAY 12, 2022

Just a fun little observation about a fun little piece of news making its rounds in the real estate space. Realogy, the real estate conglomerate, is changing its name to Anywhere Real Estate, Inc. Yes, I’ve already heard the jokes about how this logo is like WalMart and FedEx had a baby. Yes, I’ve already read the explanations from Realogy about how the asterisk means all kinds of emotional and important things and so on.

Branding 89

Branding Industrial As-is Design 89

RIS Media

MAY 12, 2022

That old-home charm and reduced pricing might be appealing to many homebuyers, despite safety risks and renovation costs. But the real estate market renews constantly, and modern homes make it to the market every year. A new study by Point2 analysts identified which top U.S. cities have the highest shares of old and new homes for sale to show what the largest markets in the country offer.

Renovation 98

Renovation Sales As-is Marketing 98

Realty Biz

MAY 12, 2022

With inflation running at a 40 year high and the cost of everyday living and goods on the rise, it’s perhaps not surprising to learn that Americans have become increasingly concerned. They’re worried that their personal finances will suffer, and cause them to miss out on their long-term financial goals, which includes homeownership, a new survey shows.

Finance 87

Finance As-is Marketing 87