Realtor.com

JANUARY 5, 2023

Getty Images “You still see the hope in their eyes.” When Atlanta-based real estate agent Maura Neill agreed to sell a home this fall, she knew she faced an uphill battle. For one, the housing market had cooled significantly. But worse, these home sellers weren’t quite willing to accept this new reality and drop their price. Several months earlier, these sellers had listed their house with another agent for $525,000.

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Agents Marketing As-is Mortgages 123

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing went into a recession in June and mortgage volume fell off a cliff. So where does all that drama leave us for 2023?

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Marketing Mortgages Sales As-is 543

Keeping Current Matters

JANUARY 5, 2023

A new year brings with it the opportunity for new experiences.

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Housing Wire

JANUARY 5, 2023

The U.S. residential mortgage-backed securities (RMBS) market continues to look bleak for 2023. This year, RMBS issuance volumes are expected to contract further from 2022 due to the impact from elevated rates, high inflation and recession possibilities. . Major factors that will shape the RMBS market include a dramatic reduction in origination volume and mortgage lenders exiting the business , according to a report from DBRS Morningstar on the outlook of the industry. .

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Marketing Equity Loans Investor 475

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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.

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Better Dwelling

JANUARY 5, 2023

Toronto real estate was declared the world's largest bubble by UBS just a few months ago, now prices are crashing. The post Toronto Real Estate Is The World’s Largest Bubble & It’s Officially “Crashing” appeared first on Better Dwelling.

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Banks 124

Housing Wire

JANUARY 5, 2023

California-based Loan America, Inc. is the latest former business partner to sue Sprout Mortgage in a suit filed six months after the mortgage lender abruptly closed its doors. The lawsuit, filed on December 20 in the Superior Court of the State of California for the County of Los Angeles, accuses Sprout and its top managers – including its owner Michael Strauss, president Shea Pallante and chief financial officer Christopher Wright – of fraud and deceit, promissory estoppel, negligence, unfair

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Loans Due diligence Loan Officer Mortgages 458

Housing Wire

JANUARY 5, 2023

Silvergate Capital Corporation , parent company of Silvergate Bank , which provided services to Sam Bankman-Fried’s now-collapsed crypto empire, walked away from its mortgage warehouse business and cut workforce by 20% as clients pulled $8.1 billion in crypto-related deposits. Silvergate’s provisional fourth quarter earnings report revealed that it exited its mortgage warehouse lending product in the fourth quarter of 2022 due to “the current macro environment, the rising interest rate env

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Lending Mortgages Bankruptcy Banks 415

Brownstoner

JANUARY 5, 2023

A new cafe could soon be coming to Downtown Brooklyn’s Cadman Plaza Park, with the city asking businesses interested in setting up shop to submit a proposal of their plans. According to the NYC Parks Department’s request for proposals, the cafe would take over the circa 1950s concrete maintenance building that… Read More > The post Cafe in the Cards for Cadman Plaza Park in Downtown Brooklyn appeared first on Brownstoner.

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Housing Wire

JANUARY 5, 2023

HousingWire Magazine takes a deep dive into issues the housing industry faces each day. Themed to look at the latest trends in housing, each issue focuses on a variety of topics in the housing space – from homeownership to fintech to mortgage originators. As you flip through each section, check out our front sections that fill you with great snackable content that’s easy to digest and keeps you in-the-know.

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Industrial Mortgages 397

Brownstoner

JANUARY 5, 2023

Got a project to propose for The Insider? Contact Cara at caramia447 [at] gmail [dot] com More went into the renovation of this vintage wood frame row house than meets the eye, though architect Alexandra Barker of Gowanus-based Barker Associates Architectural Office (BAAO) has done enough such overhauls that she knew… Read More > The post The Insider: Color-Splashed Family Home Emerges From Gut Reno of Park Slope Wood Frame appeared first on Brownstoner.

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Renovation 105

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

JANUARY 5, 2023

You almost always need a new appraisal to get a HELOC. But the appraisal can actually work in your favor if your home's value has gone up.

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Equity 103

Brownstoner

JANUARY 5, 2023

Not far from Park Slope's Old Stone House, this one-bedroom appears well kept, with white walls, hardwood floors, period details and recent updates. It's on the second floor of a late 19th century red brick three-family at 271 6th Street. Likely built as an apartment house, the property was advertised in… Read More > The post No-Fee Park Slope Floor-Through With Mantel, Bay Window, Claw Foot Tub Asks $3,550 appeared first on Brownstoner.

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Marketing 98

The Mortgage Report

JANUARY 5, 2023

Today’s mortgage and refinance rates Average mortgage rates edged modestly lower yesterday. That was a pleasant surprise for me because I’d thought they might rise. So far this morning, it’s […].

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Mortgages 98

Brownstoner

JANUARY 5, 2023

In the News Brooklyn Library’s ‘Books Unbanned’ Team Wins Accolade [NYT] A Park Slope Renaissance [NYT] Grand Army Plaza Should Follow Pedestrian Friendly Design: Survey [Patch] Atlantic Avenue Rezone Hosts First Public Workshop [Patch] Killer New Korean Fried Chicken Spot Sweetie’s Opens in Greenpoint [BK Mag] Brooklyn’s Nurses Plan to Strike for Safe Staffing [BK Reader] Marijuana… Read More > The post Daily Links: City Schools Say They Lack Resources to Deal With Uptick in Student M

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Design 98

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Real Trends

JANUARY 5, 2023

Home finance technology company Knock released its Buyer-Seller Market Index on Thursday, which found the U.S. housing market will tilt toward buyers following the spring home-buying season, depending on the area they want to relocate to. Knock found that “the top 5 buyers’ markets are west of the Mississippi, while the top 5 sellers’ markets are concentrated in the East Coast,” the index says.

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Marketing Sales Equity Days on market 97

Tom Ferry

JANUARY 5, 2023

I want 2023 to be an extraordinary year for you. But it’s not just going to happen magically. You need intentionality. So I started jotting down some pointers to make it happen, and landed on 10 perfect steps to “optimize” YOU in the coming year. Ready? Let’s start… Step 1: Prioritize the Personal If […]. The post 10 Steps to Optimize YOU in 2023 appeared first on Tom Ferry.

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Land 19

Bigger Pockets

JANUARY 5, 2023

How can a simple pressure washing business make you six figures of income a year? With a startup cost of only a couple hundred dollars, today’s guest Chris expanded his […].

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Finance 96

Realtor.com

JANUARY 5, 2023

Getty Images Planning a home design project can be overwhelming, especially for homeowners who have no idea where to start. Luckily, there are a number of home design apps that can help ease some of the pressure. “Home design apps allow users to experiment with different design options and see how they will look in their space,” says Artem Kropovinsky , founder of Arsight , an interior design studio based in New York City.

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Design Renovation Branding As-is 93

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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.

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Bigger Pockets

JANUARY 5, 2023

What’s the best housing market for real estate investing? If this were 2022, we’d say cities like Boise, Austin, or Phoenix, but things have changed, and many of last year’s […].

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Marketing 94

Real Trends

JANUARY 5, 2023

A new Redfin report says home sales fell 35.1% year over year in November, the largest drop in sales since 2012. Redfin attributes this seasonally adjusted fall in home sales to the surge in mortgage rates in early November, but the report also predicts demand will be restored as rates decline. Canceled home-purchase agreements in November saw a downward trend and mortgage applications increased.

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Sales Purchase and sale agreement Mortgages As-is 89

BubbleInfo

JANUARY 5, 2023

There will be one overwhelming factor in selling real estate this year: Buyers Will Want To Pay Less. They are coming into every situation with that mindset. Whether it’s online or in person, they will be looking for ANY reason to NOT buy this house. If they can’t find one, they will at least be […].

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Realtor.com

JANUARY 5, 2023

Photo-Illustration by Realtor.com; Photos: Getty Images (4) You already post photos of food, the family pet, and vacation shots on Instagram. So why not also announce your house is for sale with a cool, unusual shot of your unique space and link to the listing in your bio? “Instagram isn’t only a place to post party pictures,” says Taylor Murchison , SEO growth director of On the Map Marketing.

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New Construction Land Construction As-is 81

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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

Bigger Pockets

JANUARY 5, 2023

Every investment I’ve made has been within 60 minutes of my home. There’s no rhyme or reason, it’s simply where I’ve looked for opportunities. It works, so why look elsewhere? […].

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Real Trends

JANUARY 5, 2023

Happy New Year! How is your 2023 to-do list going so far? Whether you’re already back in the office or sitting back waiting for the spring market to heat up, there is no doubt that you’ve been inundated with pressures to a build business plan, increase your sales, grow your brand, lose some weight or start/stop/do more/do less of whatever it is.

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Agents Branding Brokerage Sales 79

Mashvisor

JANUARY 5, 2023

If you want to invest in residential real estate but aren’t 100% sure what your first step should be, we’re here to help you develop a plan.

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Residential Development Investor 74

Notorious ROB

JANUARY 5, 2023

I left out any predictions about the housing market in 2023 in my Seven Predictions post for a bunch of reasons. The most important being that it’s really kind of boring for people who are not super interested in the topic, which means just about everyone who isn’t a VIP subscriber. But now that 2023 is here, I spent a few minutes looking at some… ah… “alternative” analysis that happens to be my thesis for what will happen to housing market in 2023.

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Marketing As-is Agents 73

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Eye on Housing

JANUARY 5, 2023

Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the third quarter of 2022 while Indiana, South Dakota, and Mississippi saw modest GDP declines. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP ranged from 8.7 percent increase in Alaska to 0.7 percent decline in Mississippi.

Marketing 14

Marketing 14

NAR: Economic Outlook

JANUARY 5, 2023

Instant Reaction: Mortgage Rates, January 5, 2023. The 30-year fixed mortgage rate rose to 6.48% from 6.42% in the last week of 2022. Rates will likely stabilize below 6% in 2023 as inflation slows. By: . Nadia Evangelou. Mortgage Financing.

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Mortgages Finance 72

Sotheby's International Real Estate

JANUARY 5, 2023

We are pleased to launch the brand’s exclusive 2023 Luxury Outlook report, an in-depth exploration into high-end real estate markets across the globe. Following two years of residential real estate frenzy and historically low interest rates as a result of the Covid-19 pandemic, the report reveals that many luxury agents are continuing to see interest in high-end properties among the affluent, despite record interest rate hikes.

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Branding Residential Agents As-is 67

Realtor.com

JANUARY 5, 2023

Realtor.com One of the most historic homes in Milford, CT, is also the oldest property to hit the market this week on Realtor.com®. The residence features several fireplaces, although the owner is not sure if they work, according to the listing. The 1,946-square-foot space does need some updating, and buyers are encouraged to do their own due diligence.

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Due diligence Commercial Renovation Construction 67

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