Fri.Sep 09, 2022

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Banking trade group “strongly” opposes nonbank membership in FHLB system

Housing Wire

An influential banking trade group this week argued that the Federal Housing Finance Administration (FHFA) should not permit nonbank lenders and real estate investment trusts to become members of the $1 trillion Federal Home Loan Bank system. In a statement issued Tuesday, Rebecca Romero Rainey, president of the Independent Community Bankers of America , said the FHLBs must “remain a strong, stable and reliable source of funding for community banks, including many agricultural lenders.”.

Banks 459
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Why It’s So Important To Hire a Pro [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. If you’re thinking of buying or selling a home, you’ll want a trusted real estate professional on your side for their industry experience and expert insights. The right advisor utilizes the latest technology and can help you navigate today’s home pricing and market values, the contracts and fine print, and the negotiations you’ll face.

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Who will survive the fintech winter of 2022?

Housing Wire

As a financial technologist specializing in mortgage since long before “fintech” was a thing, I appreciate how tough market cycles force us to focus. For some individuals and companies, this is your first mortgage down cycle. For others, it’s just a new chapter in your journey. But one thing is certain for all of us: without technical expertise, fintech is just a buzzword, and markets like this are when we earn our place serving America’s consumers.

Mortgages 459
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Median Price of a New Age-Restricted Home Up to $472,000

Eye on Housing

Of the roughly 1,127,000 single-family and 474,000 multifamily homes started in 2020, 37,000 (15,000 single-family and 22,000 multifamily) were built in age-restricted communities, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD). A residential community can be legally age-restricted, provided it conforms the one of the.

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The 2025 Real Estate Roadmap to Success

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.

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Homepoint has shed about 75% of its workforce in a year

Housing Wire

Following the latest round of layoffs, Homepoint has shrunk its workforce from about 4,000 workers in summer of 2021 to about 1,000 in fall of 2022. The wholesale lender last week laid off 913 employees, according to a review of Worker Adjustment and Retraining Notification notices filed in Arizona, Florida, Michigan and Texas. Over the last year it has also sold off large chunks of the business – including servicing to ServiceMac and delegated correspondent to Planet Home Lending – which accoun

Loans 435
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A GEM/Proptech Soiree in the OC, co-hosted with Greg Robertson

GeekEstate

iOi is September 28th and 29th in downtown Los Angeles ( grab your discounted ticket here ). The evening before, in a special collaboration with the one and only Greg Robertson , the seventh GEM Soirée is taking place in Orange Country. Join us for cocktails and conversation to kick off the week of iOi! Mingle and enjoy time with real estate tech founders, execs, VCs, and practitioners.

Closing 119

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AD&C Loan Balances Rise as Sales Slow

Eye on Housing

Residential construction loan volume reached a post-Great Recession high during the second quarter of 2022, as home building activity and new home sales slowed. Outstanding builder loan balances are rising as development debt is being held longer as new homes remain in inventory longer. Loan balances will decline in coming quarters as the development loan market becomes more costly and.

Loans 116
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Meet the HousingWire Annual Welcome Committee: Erin Halbert

Housing Wire

Erin Halbert is the regional leader for Thrive Mortgage Arizona. She sat down with HousingWire to share her excitement for the upcoming HousingWire Annual conference and her role on the welcome committee. HousingWire: What are you most looking forward to at HW Annual 2022? Erin Halbert: One of my classic statements is, “only the strong will survive”.

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Dress code evolution: The new rules of work attire

The American Genius for Real Estate

Post-pandemic means comfort is of upmost important. Whether working from home or at the office, let's take a look at the new dress code.

Brokerage 107
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Private-label MBS market facing strong headwinds

Housing Wire

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. In July and August of this year, there was a total of 25 residential mortgage-backed securities (RMBS) deals secured by mortgage pools valued at $8.3 billion, according to nonagency RMBS offerings,

Marketing 435
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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4 Real Estate Tax Strategies That Can Protect You From Inflation

Bigger Pockets

Did you know that inflation and taxes are two of the biggest killers of wealth? During inflationary times, the dollar is worth less. Spending more money on everyday things like […].

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Washington State Housing Market Forecast 2022 & 2023

Marco Santarelli

According to Redfin, Washington home prices were up 5.1% year-over-year in July. The number of homes sold fell 31.3% and the number of homes for sale rose 20.4% as compared to last year. The median price of homes in Washington was $608,700. There were 9,617 homes sold in July this year, down from 14,000 homes sold in July last year. The median days on the market was 12 days, up 3 days year over year.

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Could Build-to-Rent Investing Deliver a Deathblow to Multifamily?

Bigger Pockets

It’s a little strange how long it took build-to-rent real estate investing to catch on. For decades, landlords were used to buying older homes, many without renovations, and renting them […].

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20 Foolproof Tips For Success At Every Real Estate Networking Event

Agent Fire

Real estate networking events don't have to be a crapshoot. With the right techniques and prep, you can build awesome professional relationships every time. 20 Foolproof Tips For Success At Every Real Estate Networking Event is just one of many great real estate strategies on The Spark.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Finance Friday: The 5 Questions to Ask if You Want to Fast-Track FI

Bigger Pockets

If someone told you that financial freedom could be achieved by traveling the world, you probably wouldn’t believe them. How can going on a work vacation to Europe make you […].

Finance 92
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Tips for Paying your Mortgage Early

Realty Biz

Buying a house is a dream come true for many people. Still, getting a massive debt representing a significant amount prevents you from saving money. It can also affect your retirement plan or even keep an emergency fund. . Like other debts, paying an early mortgage lets you secure a better financial future. You can go on planned vacation, begin budgeting for your kid’s college fund, or even purchase things you’ve been putting off.

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A West Midwood Edwardian With Parking and Three Others to See, Starting at $1.75 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Park Slope, Fort Greene, Bed Stuy and West Midwood. They range in price from $1.75 million to $3.2 million. In Park Slope, a well-preserved brick row house combines elements of the Queen Anne and Neo-Grec style. Although the… Read More > The post A West Midwood Edwardian With Parking and Three Others to See, Starting at $1.75 Million appeared first on Brownstoner.

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JPAR® – REAL ESTATE GROWS MARKET PRESENCE IN SOUTHERN MARYLAND Celebrates with Office Grand Opening

Realty Biz

JPAR® – Real Estate, America’s #1 fastest-growing, 100% commission brokerage, is pleased to announce the grand opening of its newest franchise, JPAR® Real Estate Professionals serving home buyers and sellers throughout in Southern Maryland. The newly formed real estate franchise recently celebrated its grand opening at their offices located at 8303 Old Leonardtown Road, Hughesville, MD 20637.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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The 7 Fastest-Growing Cities in Alabama

Redfin

From the college city, Tuscaloosa, AL , to the capital, Montgomery, AL , Alabama is home to wonderful cities that make the state unique and full of charm. Known as “The Heart of Dixie,” about 4.9 million people call Alabama home. If you are looking to move and are considering Alabama as your next destination, we’ve got a list for you. We compiled the 7 fastest-growing cities in Alabama that saw the most significant population increase over 5 years, from 2017 to 2021.

Sales 69
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A Top Agent Roundup for Knoxville, Tennessee

Realty Biz

This week’s agent focus takes us to Knoxville, Tennessee, and one of America’s most preferred zip codes. As in the past, we use a variety of tools to narrow down the field of best digital marketers among real estate pros. Like other smaller markets, Knoxville reveals how brick-and-mortar marketing and sales strategies seem to continue to dominate.

Agents 82
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Should You Invest in Vacation Rentals for Sale in St George, Utah?

Mashvisor

Finding vacation rentals for sale in St George Utah can be the start of a lucrative venture for any beginner investor, so let’s talk about it.

Sales 68
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The 6 Fastest-Growing Cities in South Carolina

Redfin

From its rich history to its pristine beaches, South Carolina has it all. Known as “The Palmetto State,” you’ll be sure to find a number of distinct cities with their own unique personalities. It’s no surprise that more than 5 million people call this state home. If you’re looking to make the move to South Carolina but don’t know where to start, you’re in luck.

Sales 66
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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Real estate agents are in danger: Avoid being a predator’s target

The American Genius for Real Estate

Real estate safety is an elusive topic, as most think they're being safe. Add victim blaming when someone is attacked, and we have a crisis.

Agents 64
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San Diego County Inventory Very Low

BubbleInfo

Above, Bill shows how the number of new listings is dropping off in San Diego. Yes, in the top chart, there were 20.7% more active listings YoY because you can wrongly price a listing today. Last year, just about everything was selling, which is very unusual! In August, 2019, there were 3,007 detached homes listed […].

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How to respond to criticism to improve your business, not break it

The American Genius for Real Estate

You can go ahead and add criticism to that list of certainties in life. How you respond to criticism can make or break your career though.

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Plateau City in 2023

BubbleInfo

I said: 0% appreciation for NSDCC (La Jolla to Carlsbad) in 2023. Zillow says: -1.5% to -1.9% for NSDCC. Goldman Sachs says: -1% for San Diego. What do you say? Hat tip to shadash for sending this in: [link].

Sales 59
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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 Best Iowa Real Estate Schools for 2022

The Close

Are you thinking of diving into a real estate career in Iowa? If so, you’ll need to find a great real estate school to complete the required 96-hour prelicensing course. That’s why we’ve reviewed every feature of the top Iowa real estate schools so you can get started on a path to success. We picked our top five favorite Iowa real estate schools based on course design, ease of use, affordability, class schedules, and more.

Design 59
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How Technology Can Improve the Maintenance Experience

App Folio

Managing rentals, renewals, and prospects is only part of property management. Tying it all together is maintenance. And not having.

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Friday Flash: When no one cares

1000Watt

“The Internet-Empowered Consumer.”. There were lots of people throwing that one around in the late ‘90s. It was a thing. . Real estate leaders who “got it” would drop this on conference panels and such. We would all nod. . We were told that this newly-powerful person craved transparency and access, and once they got it, well… anything could happen — up to and including another term of the time: “ disintermediation.” .

Agents 52
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HW+ Member Spotlight: Austin Zaback

Real Trends

This week’s HW+ member spotlight features Austin Zaback, CEO & founder at Zaback Group and One Roof Real Estate. HW Media: What is your current favorite HW+ article and why? Austin Zaback: My favorite article on HW+ is titled, “ RealTrends 500: Two firms saw quadruple digit growth over last 5 years ” by Tracey Velt. I loved reading about the growth that eXp Realty has had from 2017-2021 and the exposure they’re getting because of it.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.