Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Growing concerns of a recession, led by the Federal Reserve ’s continued interest rate hikes next year, will prompt mortgage rates to trend lower in 2023, according to numerous experts.

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Mortgages Residential Principal Lending 421

Keeping Current Matters

DECEMBER 14, 2022

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold?

Marketing 229

Marketing 229

Housing Wire

DECEMBER 14, 2022

After inflation slowed more rapidly than expected in November, the Federal Reserve raised the federal funds rate by 50 basis points on Wednesday to 4.25%-4.50%, a smaller interest rate hike than the 75 bps per meeting the Fed policymakers have stuck to since June. This slowdown is good news for the housing industry as it may lead to a decline in mortgage rates.

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Mortgages Banks Land Investor 397

Better Dwelling

DECEMBER 14, 2022

Canadian real estate just saw one of the biggest shopping sprees on record, and the bill isn’t pretty. Statistics Canada (Stat Can) data shows household mortgage debt service ratio (DSR) hit a record high in Q3 2022. Interest rates contributed to the recent spike, but the size of debt is the primary issue. Mortgage Debt […]. The post Canadian Mortgage Payments Are Consuming A Record Share of Income appeared first on Better Dwelling.

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Mortgages Banks 115

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Agents

Housing Wire

DECEMBER 14, 2022

Slower housing market conditions , mortgage rate volatility and rising affordability challenges took their toll on the title insurance industry during the third quarter of 2022. During the quarter, the title insurance industry generated $5.4 billion in title insurance premiums, down 20.6% year over year , according to the American Land Title Association’s Market Share Analysis released Tuesday.

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Title Land Industrial Mortgages 397

GeekEstate

DECEMBER 14, 2022

[Editor’s Note: Below is the full text of our 233th Weekly Transmission, originally delivered direct to the inbox of more than 600 GEM members on November 16th, 2022.]. Image created by: Jasper Image description: burn the boats. In 1519, Hernán Cortés arrived on the beaches of present-day Veracruz in Eastern Mexico with 600 men set on plundering unimaginable treasure from the Aztec Empire.

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Staging Land Investor Closing 113

The Close

DECEMBER 14, 2022

When I worked in real estate in Manhattan, I noticed a pattern among my fellow agents: The people who complained about working 80-hour weeks weren’t closing very many deals. There’s a simple reason why: They never learned proper time management techniques for Realtors. Time management is one of those soft skills that most agents put off learning until they realize that the more stressed they are, the harder it is to sell real estate.

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Agents Closing As-is Design 111

Housing Wire

DECEMBER 14, 2022

It’s no secret that since the beginning of the COVID-19 pandemic almost three years ago, the property preservation industry has been forced to adapt and adjust to continue to preserve and protect property assets across the country. Throughout forbearance and the foreclosure moratorium, volume has declined to unprecedented levels not seen in the past decades.

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Inspection Technology Equity Investor 396

Sotheby's International Real Estate

DECEMBER 14, 2022

Sotheby’s International Realty today announced the opening of Vashon Island Sotheby’s International Realty, signifying the brand’s continued expansion in the United States and its seventh affiliated office in the state of Washington. The firm is owned and operated by Nicole Donnelly-Martin, Linda Bianchi, and Richard Bianchi who bring a collective 85 years of real estate experience.

Branding 111

Branding 111

Housing Wire

DECEMBER 14, 2022

DocVu.AI from Visionet. DocVu.AI uses the power of OCR, Computer Vision (CV), and Ai to transform information on Mortgage documents (paper and digital) into data and improve mortgage operations’ efficiency by enhancing speed and accuracy. DocVu.AI is designed to cater to the unique and critical requirements of the US mortgage industry. Product Fast Facts. #1.

Banks 386

Banks Development Mortgages Design 386

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

Maximum Exposure Real Estate

DECEMBER 14, 2022

Do sexual offenders near me have to be disclosed when selling a home? That is a very good question! As a seller or a seller’s agent, you must understand the rules surrounding disclosure before you start speaking to potential buyers. Whether there are sexual predators nearby is certainly a question that could come up when […]. The post Disclosing Sexual Predators and Offenders Near Me in Real Estate Sales appeared first on Maximum Real Estate Exposure.

Sales 109

Sales Agents As-is Marketing 109

Housing Wire

DECEMBER 14, 2022

Let’s face it, mortgage sales is not for the weak. It takes tenacity, thick skin and a hustle-hard mentality. As an introvert, when I first started in the operations side of the mortgage world I dreaded the weekly pipeline calls with the sales manager I supported. They were abrasive, fast-talking and expected the world of my team members on a daily basis.

Sales 384

Sales Mortgages Lending Branding 384

BubbleInfo

DECEMBER 14, 2022

Shadash said, “Right now the only thing propping up prices is limited supply.” Indeed, and it’s how the pricing got here in the first place. The demand for homes in the San Diego coastal regions has been higher then the supply for decades now, and it’s probably not going to change that much – at […].

Sales 105

Sales 105

Housing Wire

DECEMBER 14, 2022

CARE. CARE is Sagent’s consumer platform that links a modern, bank-on-your-phone experience for borrowers with seamless human care from servicers. Borrowers can manage payments and escrows, plus monitor home equity, new offers, and tax matters. They can also quickly apply for and resolve forbearances and loan mods during hardships. Product Fast Facts. #1.

Equity 384

Equity Branding Banks Design 384

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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.

Sales

Real Trends

DECEMBER 14, 2022

A Marine’s best weapon may be their rifle, but a real estate agent ’s best weapon is knowledge. . Vetted VA’s Chris Griffith says, ‘tap, rack, bang,’ is a statement all Marines know by heart. It is a muscle memory reaction to an unfiring rifle. In the housing industry, agents need to develop their own muscle memory reaction to changing circumstances, new obstacles and shifting markets in order to stay in the fight.

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VA loan Loans Lending Loan Officer 103

Housing Wire

DECEMBER 14, 2022

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s TECH100 award are open now through Friday, December 23, 2022. Click here to nominate your organization. Tech innovation in housing has come a long way over the last decade as antiquated processes have made way for digitization and streamlined workflows.

Title 384

Title Loans Industrial Closing 384

Realtor.com

DECEMBER 14, 2022

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. But what they lack in style, they make up for in stability.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans VA loan 102

Housing Wire

DECEMBER 14, 2022

Mortgage Industry Standards Maintenance Organization (MISMO), the organization tasked with developing standards for the mortgage finance industry, appointed vice president of operations Jan Davis as its acting president. Davis has served as the VP of operations and associate vice president of industry standards at MISMO and MBA for more than a decade.

Principal 369

Principal Development Finance Industrial 369

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

Eye on Housing

DECEMBER 14, 2022

Per the Mortgage Bankers Association’s (MBA) survey through the week ending December 9th, total mortgage activity increased 3.2% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose one basis points to 6.42%. The FRM rate has fallen 48 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans Marketing 102

Housing Wire

DECEMBER 14, 2022

Salesforce Customer 360 for Mortgage and Lending. Customer 360 for Mortgage and Lending helps lenders reduce operational costs and drive efficiency, while improving the borrower and employee experience. Lenders can streamline processes through automation with purpose-built lending and mortgage out of the box capabilities and lending industry expertise.

Lending 303

Lending Mortgages Industrial 303

Realtor.com

DECEMBER 14, 2022

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. But what they lack in style, they make up for in stability.

Fixed-rate mortgage 99

Fixed-rate mortgage Mortgages Loans VA loan 99

Housing Wire

DECEMBER 14, 2022

Jaro. The Jaro Suite is a full set of valuation management and products. JaroDesk was shown today and is an appraisal management platform designed for appraisal desks, appraisal management companies and appraisers and staff offices. Product Fast Facts. #1. Jaro has proven effective in reducing turn times by 30% within 2 months of being implemented. #2.

Design 295

Design Marketing 295

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

Realtor.com

DECEMBER 14, 2022

Realtor.com A house designed specifically for sports fans who want to have a wee bit of fun is soon to be under contract. The quirky home in a great location of Ferndale, MI , had a list price of $165,000. The place quickly found internet fame, thanks to its two urinals in the kitchen. Yes, the kitchen—built into the wet bar. Really. The buzzy party pad, which was built in 1958, became the most popular home on Realtor.com®. “The urinals seem to be the biggest hit on the internet right now,

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Design Agents As-is 98

Housing Wire

DECEMBER 14, 2022

Velma Connector. Velma Connector adds automation to your LOS! Alerts, reports, compliance emails, and postal mailings happen seamlessly. Interactive emails allow remote actions without the need to login. Connectors’ rules-based engine allows the automation of prebuilt and custom workflows! Connector auto-updates your LOS and sends out critical communications keeping you compliant.

Closing 295

Closing Marketing 295

Lighter Side of Real Estate

DECEMBER 14, 2022

Potato, potahto, tomato, tomahto—just a couple of examples of words that people have different ways of pronouncing. It’s not like anyone won’t know what you’re talking about if you say either variation, but it might hurt their ears to hear it said differently than they pronounce it. “REALTOR®” is another one of those words that people pronounce differently.

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Agents As-is 98

Brownstoner

DECEMBER 14, 2022

This grand Clinton Hill manse has plenty of living space, some impressive interior details and the architectural pedigree of a renovation by noted 19th century architects the Parfitt Brothers. That last is according to the Clinton Hill Historic District designation report, which notes that 315 Washington Avenue may have earlier… Read More > The post Altered by the Parfitt Brothers, Clinton Hill Manse With Crown Molding, Parking Asks $5.9 Million appeared first on Brownstoner.

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Renovation Design Marketing 98

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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

Realtor.com

DECEMBER 14, 2022

Getty Images It’s winter storm season, and that means millions of homeowners across the country are having to contend with rain, snow, and wind—and, in worst-case scenarios, blackouts. In addition to having a stocked pantry and a survival kit, a generator can be a lifesaver for many homeowners when losing access to power. Improper generator usage, however, can have dangerous, even potentially deadly, consequences.

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Closing As-is Agents 98

Brownstoner

DECEMBER 14, 2022

A construction fence has gone up around Gravesend's early 19th century Ryder-Van Cleef House, and it seems destined for demolition after the Landmarks Preservation Commission declined to consider it for designation. Built circa 1840 by builder and carpenter Lawrence Ryder, the house is one of a handful of modest Dutch-American frame… Read More > The post LPC Says No to Landmarking Gravesend’s Endangered Ryder-Van Cleef House appeared first on Brownstoner.

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Construction Design Development 98

Realty Biz

DECEMBER 14, 2022

According to a study, Crude oil or oil will last for the upcoming 50 years. Coal will last for 114 years and natural gas for 53 years. Therefore, the call for alternative energy is high from every nook and corner of the earth. Solar energy is touted as one of the most easily available energy sources that you have among alternatives. Solar Power is now an upcoming resource.

Land 91

Land Technology Development Design 91

Brownstoner

DECEMBER 14, 2022

Brooklyn communities are marking the first night of Hanukkah this weekend with menorah lightings, food and music. The first night of Hanukkah on Sunday, December 18 brings the the grand lighting of the borough's largest menorah in Grand Army Plaza as well as free celebrations around Brooklyn. Park Slope Annual Menorah… Read More > The post Kick Off Hanukkah Celebrations With Some Brooklyn Menorah Lightings appeared first on Brownstoner.

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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