Keeping Current Matters

JUNE 9, 2022

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

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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.

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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.

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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.

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Agents

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.

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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.

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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.

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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.

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Design 109

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.

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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. .

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Advertiser: Trellis

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.

Loans

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.

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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.

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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?

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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.

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Sales

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, […].

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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.

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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 […].

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Mortgages 90

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.

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Technology Marketing MLS Agents 86

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.

Agents

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.

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Marketing 98

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.

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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?

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Development 75

McKissock

JUNE 9, 2022

Optimizing your real estate appraisal website to improve your Google search ranking is a great way to bring in more clients and increase your earnings. When it comes to generating new business, having a strong online presence and being easy to find online are key. In the recorded webinar, “Appraisal Company Marketing Strategies that Work”—exclusively available to McKissock Unlimited Learning Members —Bryan Knowlton lays out a guide to basic website optimization for appraisers.

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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.

Agents

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.

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Realtor.com

JUNE 9, 2022

Realtor.com / Getty Images / HGTV. “ House Party” is the official Realtor.com® podcast about the overlapping worlds of home and pop culture, hosted by Rachel Stults and Natalie Way. Click the player above to hear our take on this week’s hot topics. Summer is closer than ever, and on HGTV that means a return to the shore for another season of “ Battle on the Beach.” We thoroughly enjoyed the first season of this home renovation competition show, and we weren’t alone.

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The American Genius for Real Estate

JUNE 9, 2022

(TECHNOLOGY) SurveySparrow has a plugin that allows you to rate meetings. It could help you and your team evaluate and improve future meetings. The post Rating the quality of your meetings could create more efficient work teams appeared first on The American Genius Real Estate.

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Technology 59

BubbleInfo

JUNE 9, 2022

This film was taken on May 25th, a month after mortgage rates hit 5%. I can’t wait to hear from the doomers who swear that because sellers had to take a whopping $50,000 haircut off the list price to sell this house to cash buyers who closed in two weeks (with sellers who wanted to […].

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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.

Agents

Fancy Pants Homes

JUNE 9, 2022

After a troubling couple of years plagued by a global pandemic, rising inflation, and economic woes, more and more people are struggling financially. The cost of living (which takes into account food, housing, and education) has increased by 2.3% over the past year alone, according to the Bureau of Labor Statistics’ Consumer Price Index, with many households across the U.S. feeling the burden.

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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?

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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.

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Brownstoner

JUNE 9, 2022

This very pleasant duplex for rent in a Crown Heights brownstone may well exemplify the recent astonishing run-up in rents we have been hearing so much about lately -- nationally as well as in Brooklyn. Regardless of the ticket, though, there's no denying it's a beauty with plenty of space… Read More > The post Spacious Crown Heights Duplex With Outdoor Space, Pier Mirror, Stained Glass Asks $7,500 appeared first on Brownstoner.

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Marketing 40

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales