Toronto Realty Blog

MARCH 17, 2023

TorontoRealtyBlog That was a very interesting exercise on Wednesday! Thank you to all the readers who took part. I’m sure we’ll continue to see votes, predictions, and opinions roll in, and I will be sure to catalogue those dates and prices so we can come back to this in a few months or years. Of course, we only looked at the GTA average home price, and whereas many want to cast the net much wider and focus on Canada , others want one of those tiny nets that our kids use, without

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Housing Wire

MARCH 17, 2023

Single-family home purchase demand by investors remained steady in the fourth quarter of 2022, despite a dip in iBuying and larger investor demand, according to a report released this month by CoreLogic. The share of investor purchases of single-family homes fell to 21% in June of 2022, but rebounded to 26% in September and has remained stable since that point, according to CoreLogic economist Thomas Malone.

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Real Estate News

MARCH 17, 2023

It might seem like sellers are slashing prices, desperate for a sale. But while price cuts are up, agents say they're still the exception.

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Housing Wire

MARCH 17, 2023

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks spilled red ink in the fourth quarter of 2022 amid a jump in mortgage rates. These companies reported a net loss of $2,812 on each loan originated from October to December, an increase of more than four times the average per-loan loss of $624 in the third quarter, according to the Mortgage Bankers Association (MBA). “For the third consecutive quarter, the average pre-tax net production income was in the red, rea

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Loans Banks Mortgages Industrial 397

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Real Estate News

MARCH 17, 2023

The Agency adds a new Canada office, ERA grows in Aspen, Side partners with two NorCal firms, Christie's team closes $47M sale, and more news.

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Housing Wire

MARCH 17, 2023

The U.S. Department of Justice ( DOJ ) announced this week that it has secured a commitment from Southfield, Michigan-based Sterling Bancorp, Inc. to plead guilty for filing false securities statements in a $69 million securities fraud case that stems from its 2017 initial public offering ( IPO ) and its annual filings in 2018 and 2019. The violations of law were directly related to mortgage loans originated by the company, which were “rife with fraud” and used to “pad its bottom line” in a mann

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Loan Officer Loans Residential Mortgages 395

Housing Wire

MARCH 17, 2023

Candor Technology Inc. , a mortgage artificial intelligence firm focused on automated mortgage underwriting decisions, has conducted layoffs as lenders rush to cut costs. “Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response.

Mortgages 368

Mortgages Technology Title Lending 368

Inman

MARCH 17, 2023

Beagel aims to be a deeply integrated software partner leading with an in-browser open offer solution that allows buyers to bid on homes and agents to manage the process

Agents 158

Agents Technology Brokerage 158

Eye on Housing

MARCH 17, 2023

NAHB recently released its 2023 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that 96.5 million households are already not able to afford a median priced new home in 2023 due to the fact that their incomes are insufficient to qualify for the required mortgage under standard underwriting criteria.

Mortgages 130

Mortgages 130

Inman

MARCH 17, 2023

The sudden change in the global banking landscape has left luxury real estate clients hanging out "in the parking lot," Kofi Nartey said, as they wait to see where the remaining chips will fall.

Banks 158

Banks Marketing 158

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Sotheby's International Real Estate

MARCH 17, 2023

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Greenwich, Connecticut | Sotheby’s International Realty – Greenwich Brokerage This magnificent $18 million manor home, called Denbigh Farm, looks straight out of the English countryside. Stunning Homes for Sale with Their Own Idyllic Gardens, From Tuscany to East Hampton – Robb Report A 19th-Century New York Manse Where Bill Murray Briefly Lived Lists for $2 Million – Mansion Global

Brokerage 120

Brokerage Design Sales 120

Inman

MARCH 17, 2023

Marketing that repulses the intended audience is much worse than marketing with no redeeming qualities, writes Laura Viñalet. Your marketing should be strategic, purposeful and professional. Here are seven major marketing turnoffs that you should avoid.

Marketing 158

Marketing Agents Branding 158

Bigger Pockets

MARCH 17, 2023

I know what you’re thinking. This guy is trying to stretch the SVB headlines into a multifamily real estate investing story. It must be clickbait. I get it.

Banks 99

Banks Investor 99

Inman

MARCH 17, 2023

Lenders lost $2,812 per loan as business dropped off faster than they could trim expenses and production costs hit a record-high $12,450 per loan, a Mortgage Bankers Association survey found.

Mortgages 158

Mortgages Loans Banks Marketing 158

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BubbleInfo

MARCH 17, 2023

Not mentioned are the conversations people have with their dogs. I just want equal time with all decision-makers! Given the increased share of pets in households and the increased time and resources spent on pets, it is no surprise some home buyers consider their pets the most important factor when making home buying decisions.

Marketing 98

Marketing 98

Inman

MARCH 17, 2023

Are you a real estate know-it-all? Just a big trivia buff? Take Inman's real estate marketing quiz. Test your knowledge to see if you're on the right track or if you need to study up.

Marketing 158

Marketing Branding Agents 158

Broke Agent Media

MARCH 17, 2023

BAM Key Details: With the SVB collapse taking place a week ago, mortgage rates dropped from a four-month high of 7% to around 6.5% for 30-year fixed rates. Because of this, mortgage demand increased by 6.5% week-over-week. Mortgage rates quickly reacted to the news of the Silicon Valley Bank collapse a week ago. After hitting a four-month high of over 7%, rates dropped and have stayed around 6.5% this week.

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Banks Mortgages Lending Equity 98

Inman

MARCH 17, 2023

The days are getting longer, and many of us are looking forward to spending more time outside. Here are five favorite smart outdoor updates.

Technology 158

Technology Agents 158

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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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Broke Agent Media

MARCH 17, 2023

BAM Key Details: The largest 3D printed home in America is now live on the market on Long Island. The property was built with SQ4D’s industry-leading 3D printing technology in partnership with Handsome Homebuyer and is listed by Dan Oneil. The largest 3D printed home in America just hit the market on Long Island. View this post on Instagram A post shared by Dan Oneil (@danoneil_) In partnership with Handsome Homebuyer , SQ4D created a stunning property that is redefining the possibilities of mo

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Marketing Technology Construction Industrial 98

Inman

MARCH 17, 2023

Executives with the Canadian real estate tech company said its U.S. expansion plan and ambitious goals to grow its appraisal and title insurance market share are still in place.

Title 158

Title Marketing Technology Mortgages 158

Realtors Property Resource

MARCH 17, 2023

Email marketing is a proven way to drive real estate leads. Follow these tips and tactics to build your list and connect with those contacts. The post Build an Opt-In Email List: 8 Proven Tactics to try now! appeared first on Realtors Property Resource (RPR).

Marketing 98

Marketing 98

Inman

MARCH 17, 2023

Sharing the latest funny photo is an almost irresistible impulse. However, if it crosses the line into marketing, you could be setting yourself up for financial consequences.

Marketing 158

Marketing Branding Agents 158

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Agents

Coldwell Banker

MARCH 17, 2023

St. Louis agents celebrated March 2 at Chase Park Plaza The post Coldwell Banker Realty- Gundaker Agents Continue to Set the Pace in the Industry! appeared first on Coldwell Banker Blue Matter.

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Industrial Agents 98

Inman

MARCH 17, 2023

This week, Byron Lazine and Nicole White discuss Brad Inman's view on the Silicon Valley Bank collapse, Plunk's impact on the real estate industry and Elon Musk's future Texas fiefdom.

Industrial 158

Industrial Banks Brokerage Agents 158

Broke Agent Media

MARCH 17, 2023

BAM Key Details: After homebuilder sentiment in February saw the biggest improvement in a decade, builder confidence edged higher in March. The NAHB/Wells Fargo Housing Market Index (HMI) rose two points to 44, marking the third consecutive monthly increase in builder sentiment levels. Buyers who can’t afford to wait for mortgage rates to drop any further are having a tough time finding existing homes—or competing with more affluent buyers for available inventory.

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Construction Banks New Construction Loans 98

Inman

MARCH 17, 2023

Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for March 10-16, 2023.

Industrial 158

Industrial 158

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McKissock

MARCH 17, 2023

As an experienced appraiser, there are many reasons you may decide to take on a trainee. You might be looking to grow your business, delegate tasks (e.g., property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. Are you ready to take on the responsibility — and enjoy the potential benefits — of adding a trainee to your team?

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Inspection Development As-is Marketing 97

Inman

MARCH 17, 2023

It’s not always possible to predict how the world — and therefore the market — will shift. What we can do is teach new agents how to navigate the changing tides.

Agents 158

Agents Marketing Brokerage 158

Lab Coat Agents

MARCH 17, 2023

On the latest episode of our Keeping It Real podcast, we welcome back Bob McCranie. Bob is A DFW-based broker and Tom Ferry coach expanding his business across Texas and Louisiana. Bob shares his plans for his expanding business model, how his business has grown, and how he is tying these new markets into his existing infrastructure. If you have been curious about expanding your business into even more markets, you won’t want to miss this.

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Marketing Development Brokerage Industrial 97

Inman

MARCH 17, 2023

Zillow — which held $3.4 billion in cash and investments at the end of 2022 — is well prepared to weather any storm, including the banking fallout, Barton said in a new interview on Thursday.

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Banks Technology Marketing 122

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