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 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 448

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

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 428

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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

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 388

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.

Industrial 383

Industrial Mortgages 383

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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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

Realtor.com

JANUARY 5, 2023

Realtor.com A home inspired by architect Frank Lloyd Wright usually commands a pretty penny. Not this one. The home was initially listed for $265,000, with Shaun Olejniczak of Nest Group and Realty Executives. The price dropped by $10,000 in December, and the house was eventually sold for $240,000 in a cash transaction. Fans of midcentury modern design inspired by Wright who aren’t afraid of a project should take note.

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Design Commercial Residential As-is 97

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

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

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

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 92

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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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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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 83

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 78

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 77

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 80

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

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 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

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 73

Realtor.com

JANUARY 5, 2023

Getty Images / Realtor.com Dr. Dre ‘s jaw-dropping collection of West Coast real estate is certainly fit for the king of Death Row Records. The rapper and record producer, whose given name is Andre Young , has been a staple in the music industry for more than 30 years. He made his debut with the “Deep Cover” smash hit in 1992. Dr.

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Industrial Sales Marketing 69

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

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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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

JUSTIN SULLIVAN / GETTY IMAGES The numbers: Mortgage rates rose in the first week of 2023, as mortgage applications sank to multi-decade lows. The 30-year fixed-rate mortgage averaged 6.48% as of Jan. 5, according to data released by Freddie Mac on Thursday. That’s up 6 basis points from the previous week—one basis point is equal to one hundredth of a percentage point.

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Fixed-rate mortgage Mortgages Marketing As-is 61

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

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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

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 71

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

Seattle Times Real Estate

JANUARY 5, 2023

The average long-term U.S. mortgage rate rose for the second straight week following six weeks of declines that had given prospective homebuyers a glimmer of hope.

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Mortgages 55

Kyle Handy

JANUARY 5, 2023

Starting a real estate business from scratch can be a daunting task. There are so many things to consider, from finding the right properties to invest in, to building a strong team and marketing your services. It can be easy to make mistakes along the way, but with the right mindset and a willingness to learn, it is possible to build a successful real estate business.

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Branding Industrial Development Marketing 52

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.

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