Keeping Current Matters

JUNE 9, 2022

As people realize their needs are changing, some are turning to luxury housing to find their dream home.

Marketing 249

Marketing 249

Housing Wire

JUNE 9, 2022

A recently published CoreLogic report found homeowners with mortgages in the first quarter of 2022 saw their equity grow by 32.2% year-over-year. According to the data vendor, the collective equity gain was $3.8 trillion in the first quarter, or an average gain of $63,600 per borrower. CoreLogic said homeowners with mortgages account for roughly 60% of properties in the nation.

Equity 482

Equity Mortgages Closing As-is 482

Real Trends

JUNE 9, 2022

The number of active listings was up 13% year over year for the week ending June 4, according to a report from Realtor.com. Despite the double-digit increase, active inventory remains nearly 50% below the inventory level at the start of the COVID-19 pandemic and down 13% on a year-to-date basis. New listings also were up during the week ending June 4, rising 2% compared to a year ago, but they are down 1% on a year-to-date basis.

Marketing 145

Marketing As-is Closing Mortgages 145

Housing Wire

JUNE 9, 2022

Mortgage credit availability dipped for three consecutive months, largely due to shrinking refinance loans, according to the monthly Mortgage Credit Availability Index , (MCAI) which fell by 0.9% to 120 in May, the lowest level since July 2021, according to the Mortgage Bankers Association. A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening while an increase suggests loosening credit.

Mortgages 418

Mortgages Loans Lending Industrial 418

Advertisement

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

Eye on Housing

JUNE 9, 2022

The median age of owner-occupied homes is 39 years, according to the latest data from the 2019 American Community Survey. Compared to a median age of 31 years in 2005, the U.S. owner-occupied housing stock is aging gradually. The residential construction continues to fall behind in the number of new homes built especially after the Great Recession. This aging housing.

Residential 131

Residential Construction 131

Housing Wire

JUNE 9, 2022

After falling for three consecutive weeks, purchase mortgage rates jumped 14 basis points, reflecting the expectation that the Federal Reserve (The Fed) will maintain its tightening monetary policy to fight inflationary pressures. According to the latest Freddie Mac PMMS, purchase mortgage rates this week averaged 5.23%, compared to 5.09% the week prior.

Mortgages 397

Mortgages Fixed-rate mortgage Loans Banks 397

Housing Wire

JUNE 9, 2022

Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 billion. The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.

Loans 397

Loans Purchase and sale agreement Investor Finance 397

The Mortgage Report

JUNE 9, 2022

Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. Unfortunately, rises have outweighed falls considerably during June. So far this morning, it’s looking as if mortgage rates today […].

Mortgages 111

Mortgages 111

Housing Wire

JUNE 9, 2022

Interest rates jumped by more than 2 percentage points over the first quarter of 2021. That bolt-like spike in rates put many mortgage lenders into crisis mode. Lenders saw the value of agency loans made at lower rates — in the 3% range — in 2021 and early January 2022 drop precipitously over the course of the first quarter. That negatively affected liquidity options in both the loan-trading and securitization markets as higher-rate loans [above 5%] subsequently hit the market.

Marketing 397

Marketing Loans Technology Bankruptcy 397

HomeLight

JUNE 9, 2022

There’s no way around it: Buying a home is difficult. In Texas, they say finding, financing, and finally moving is like trying to solve a greased Rubix cube while riding in the bed of a pickup truck. They don’t actually say that — but buying a home is hard, especially in a magical city like Austin, with limited housing stock and abundant interested buyers.

Agents 111

Agents As-is Finance MLS 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

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). With a fixed rate for as many as 20 years, RenoFi’s fixed-rate home equity loan provides 100% of the funds, as much as $500,000, directly to the homeowner at the time of closing, according to a news release from the startup.

FHA loan 370

FHA loan Renovation Equity Loans 370

Sotheby's International Real Estate

JUNE 9, 2022

Featuring curated videos from the most sought-after destinations the world over, discover this week’s Video of the Week. ?. Owings Mills, Maryland | The Travelstead Team, TTR Sotheby’s International Realty. Welcome to 3162 Blendon Road, crafted by Pyramid Builders and thoughtfully designed by Vincent Green where you’ll find no expense spared in the curation of this masterpiece.

Design 109

Design 109

Housing Wire

JUNE 9, 2022

Nominations for the 2022 HW Insiders opened this week, celebrating the operational all-stars in housing. These individuals are a critical part of their company’s success and often their company’s best-kept secret. Last year’s honorees represented a wide range of skillsets and — for the first time ever — HousingWire selected 100 nominees for the 2022 class.

Closing 305

Closing Development Loans Agents 305

Real Trends

JUNE 9, 2022

Social media plays a major role in any marketing plan. If you are a real estate agent and you don’t have your own page and groups and aren’t posting regularly, you’re missing out to the competition. But if you really want to hone your strategy, you will figure out unique ways to use your efforts to bring in leads. Not sure how it’s done? This article will provide some great tips including some you never thought of.

Agents 106

Agents Industrial As-is Branding 106

Advertisement

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

Tom Ferry

JUNE 9, 2022

Let’s just get down to the gritty question…. Are we in a housing correction? If you’ve been keeping up with This Week in Housing, you’ll already know the answer to this one. It’s NO! No, we are not in a housing correction! That last sentence right up there ^ is what today’s blog is all […]. The post Your No. 1 Responsibility in a Shifting Market (Are You Doing This?

Marketing 105

Marketing Sales Agents 105

Realty Biz

JUNE 9, 2022

Finding your dream house can be an arduous process, but it doesn’t necessarily have to be. Likewise, putting your home up on the market can be nerve-wracking, especially if you’re hoping to get the best price you can. In both situations, one of the best tools out there to connect buyers to sellers is the tried-and-true open house, a traditional approach that’s often led to great results for house hunters and property sellers alike. .

Staging 99

Staging Technology MLS As-is 99

Brownstoner

JUNE 9, 2022

There are plenty of Juneteenth events to choose from this year that don't even require leaving the borough. We’ve rounded up a mix of events where Brooklynites can soak up a bit of knowledge while celebrating. The Juneteenth holiday commemorates the day when news of Lincoln’s 1863 Emancipation Proclamation finally reached… Read More > The post Observe a Brooklyn Juneteenth With Celebrations Across the Borough appeared first on Brownstoner.

98

98

App Folio

JUNE 9, 2022

In part one of this series, we discussed the macroeconomic conditions of today and the potential implications for your property.

Marketing 98

Marketing 98

Advertisement

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

Real Trends

JUNE 9, 2022

Real estate industry digital marketing technology provider Collabra Technology Wednesday announced its launch of RElumio , a new platform to provide users with digital marketing automation. RElumio automatically provides listing agents with a digital marketing package — including a listing website, social media videos and digital flyers — immediately after submitting a listing to the MLS.

Technology 92

Technology Marketing MLS Agents 92

Brownstoner

JUNE 9, 2022

The freedom of being just outside the Cobble Hill Historic District allowed Sarah Jefferys to create what she called "a modern play" on a bay window for the front of a light-challenged, 16-foot-wide row house that had most recently been one of the neighborhood's few remaining SRO (single-room-occupancy) dwellings. The large… Read More > The post The Insider: Cobble Hill Gut Maximizes Space and Light With Rear Addition, Modern Bay, Open Stair appeared first on Brownstoner.

Renovation 92

Renovation 92

Realty Biz

JUNE 9, 2022

Did you know that in, April 2022, inflation accelerated at 8.3% higher than in April 2021, so that inflation remained close to 40-year highs? Additionally, core CPI (which excludes energy and food) rose 6.2%, and shelter costs rose at the fastest pace they have since 1991. If you’re one of the first-time home buyers in the US, you might be feeling stressed about what inflation means for you.

Debt-to-income ratio 88

Debt-to-income ratio Closing costs Loans Closing 88

Real Trends

JUNE 9, 2022

Real estate coach and consultant Dr. Lee Davenport is a fourth-generation homeowner and educator, a second-generation real estate investor, and a first-generation Realtor and coach. She holds a Master’s degree in legal studies and became a managing broker of three RE/MAX offices. For her doctoral dissertation, she studied some of the nation’s top 1,000 agents using RealTrends as her data source and unearthed several key qualities of top producers no matter their personality.

Agents 82

Agents Marketing Investor As-is 82

Advertisement

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

Realty Biz

JUNE 9, 2022

Research shows that out-of-town buyers have 30% more money to spend on a new home than existing residents. Therefore, real estate marketing is essential if you’re looking to sell a house. That’s why your real estate blog needs to be informative and have proper real estate content to be successful. Getting customers interested in your real estate openings can feel like you’re hitting your head against a wall with all the competition online and offline.

Technology 87

Technology Agents As-is Marketing 87

BubbleInfo

JUNE 9, 2022

Here are two more charts from Bill that indicate how the San Diego market is bucking the national trend. Compared to last year, our inventory keeps going down! I don’t know what property types are included in Bill’s counts, but let’s use the SDMLS count for number of detached and attached homes sold in 2021, […].

Marketing 82

Marketing 82

Brownstoner

JUNE 9, 2022

It’s a property with deep ties to Brooklyn’s abolitionist history and enough historical significance to have recently been landmarked and purchased by the city, but the future of the house at 227 Abolitionist Place-Duffield Street is far from assured. The 19th century brick house, which was home to abolitionists Harriet and… Read More > The post What’s Next for the Landmarked House at 227 Abolitionist Place-Duffield Street?

Development 76

Development 76

Mashvisor

JUNE 9, 2022

Why should anyone consider investing in Airbnb Hawaii? Hawaii is one of the world’s most precious and appealing property markets.

As-is 73

As-is Marketing Investor 73

Advertisement

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.

Sales

Brownstoner

JUNE 9, 2022

In the News Honoring and Celebrating Juneteenth and Pride Month [NYT] Majority of New Yorkers Worry About Being Victims of Violent Crime [NYDN] Tours Give a Window Into the World of the Williamsburg Hasidim [Eagle] MTA Extends Lease for Sunset Park Parking Lot Owner [BK Paper] Sheepshead Bay United Methodist Church Catches Fire [BK Paper] Audio… Read More > The post Daily Links: Rent-Stabilized Latino Families Battle Owner Move-in Evictions in ‘Burg appeared first on Brownstoner.

75

75

Mashvisor

JUNE 9, 2022

Listings inventory is on the rise. Home prices are going down. Homes are selling less and less. Is a full-blown market correction in the works?

Marketing 69

Marketing Investor Sales 69

RISMedia

JUNE 9, 2022

By Anica Oaks Being a landlord comes with a variety of perks. One particular benefit is that you get to have extra income. However, earning this money comes with a cost for you as well. While you personally do not need to be available at all hours of the day and night for your tenants, […]. The post Should You Be Available 24/7 for Your Tenants?

As-is 65

As-is Industrial 65

Mashvisor

JUNE 9, 2022

As we are nearing the end of Q2 2022, the rise in June mortgage rates appears to be slowing down compared to the speed at which interest rates are increasing.

Mortgages 69

Mortgages Investor Finance 69

Advertisement

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.

Brokerage