Fri.Jun 17, 2022

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Metro Areas Trail Lower Density Markets for Apartment Construction Growth

Eye on Housing

In the first quarter of 2022, multifamily home building showed greater growth across all regional markets compared to the first quarter of 2021, per the NAHB’s Home Building Geography Index (HBGI). Apartment construction far outpaced single-family building in all regional geographies but especially in lower density markets1. Low rental vacancy rates and rising rents gave multifamily developers confidence to continue.

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Notarize lays off 25% of its workforce

Housing Wire

Notarize CEO, Pat Kinsel publicly announced that his firm had laid off 25% of its workforce (110 employees) in a Twitter thread on Wednesday. This is the second time the 7-year-old, Boston-based remote online notarization (RON) firm has undergone layoffs. In 2019, Notarize was forced to undergo layoffs after financing fell through. “We are exceptionally proud of the team we’ve built and they are leaving through no fault of their own – they are truly the best of the best.

Finance 459
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More Listings Are Coming onto the Market [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. Worried you won’t be able to find your next home after you sell? You should know data from realtor.com shows more listings are coming onto the market each month this year. Having additional options can make the search for your next home. But inventory is still low overall, which means your house should still stand out when you sell.

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Industry uproar over 50 bps fee on GSE securities

Housing Wire

Mortgage industry stakeholders say a new 50 basis point fee on some Fannie Mae and Freddie Mac securities runs counter to the premise of a uniform mortgage backed security. It’s a “money grab,” said one industry analyst, who requested anonymity to stay on good terms with the government sponsored enterprises, who together back the majority of the single-family mortgage market.

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The 2025 Real Estate Roadmap to Success

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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54 Cheap Home Staging Ideas

Easy Agent Pro

Staging a home is a great way to increase curb appeal and help potential buyers picture themselves living in the space. There are many financial benefits to taking the time to stage a home. You can do this as well without breaking the bank. Let’s share 54 cheap home staging ideas to increase sales and get your property sold. . The Benefits Of Home Staging.

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Wells Fargo’s rapidly shrinking mortgage business

Housing Wire

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. Wells Fargo Chief Financial Officer Mike Santomassimo said higher interest rates have greatly reduced the refinancing market – currently down about 82% from the prior year – and home affordability remains a challenge in the purchase market. “As you would expect, you’re seeing the refinance volume fall significantly — no surprise,” he s

Mortgages 435

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Opinion: Do loan officers need more tech than they have now?

Housing Wire

I am about to say something in 2022 that no one in software design and process management would say. Do loan officers need more technology than they currently have? Will new technology change anything? Let that sit a second. After all, my friends probably assume I hit my head and need to reconsider my job choices. However, I am going somewhere with this.

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Clean office confessions: Why clutter has your brain confused & flustered

The American Genius for Real Estate

(EDITORIAL) Being a productive, clean person is nowhere near as difficult as it sounds - start with these simple steps focused on reduction in your life. The post Clean office confessions: Why clutter has your brain confused & flustered appeared first on The American Genius Real Estate.

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5 “back to basics” business actions loan officers should take today

Housing Wire

It’s a tough time to be a loan officer. Refinance activity is gone, housing inventory continues to be at record lows and interest rates remain on the rise. It is the type of perfect storm that will show the industry who the true survivors are and who has been riding the refi wave for the last two years. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business.

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Price My Home Right: Should I List My House High or Low?

HomeLight

With some housing markets starting to cool off, pricing your home has to be just right. Go too low, and you leave money behind, go too high, and buyers bolt. If you find it’s hard to choose the right price, our experts can help. For this post, we’ve gathered expert advice and done extensive research about the various home pricing strategies. Each method has its advantages, depending on the current market conditions, your financial situation, and your selling objectives.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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HW+ Member Spotlight: Amanda Hill

Housing Wire

This week’s HW+ member spotlight features Amanda Hill, head of mortgage solutions at Reggora. Prior to her role at Reggora, Hill held senior management positions at Blue Sage Solutions and Ellie Mae. Below, Hill answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? Amanda Hill: Lenders see appraisal modernization as a top priority by Maria Volkova.

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4 Ways to Strengthen Vendor Relationships

App Folio

Having solid relationships with your residents and owners is key to your success as a property manager, but did you.

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The Friday Rant: Punishing Good Deeds

Toronto Realty Blog

TorontoRealtyBlog. There are a few ways that I could start today’s blog. I’ve been attracted to adages, sayings, and other wordplay as of late. “No good deed goes unpunished.” That’s definitely one that describes the content of today’s post. “Nice guys finish last.” That’s also quite apt. “Give them an inch, they’ll take a mile.” Oooh, I like that one!

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Two Row Houses With Garages and Others to See, Starting at $1.399 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Park Slope, Kensington, Bed Stuy and Bay Ridge. They range in price from $1.399 million to $3.375 million. In Park Slope, this single-family brownstone has mantels, moldings and wainscoting along with a kitchen and baths that might be… Read More > The post Two Row Houses With Garages and Others to See, Starting at $1.399 Million appeared first on Brownstoner.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Tax Deferral Strategies For Real Estate Investors: A Compact Guide

Realty Biz

Although the sale of real estate properties in the United States will incur the payment of capital gains taxes, there are legal ways by which real estate investors can avoid paying such taxes, which are quite a substantial percentage of the final price. Most real estate investors know that the capital gains tax is one of the largest deductions of the proceeds when they sell their house or other real estate property. .

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Prospect Park’s Picnic House Now Home to Winner, a New Cafe from a Michelin Star Chef

Brownstoner

Brooklyn foodies have been waiting months for Winner, a new cafe in Prospect Park, to open its doors. Winner’s owner, Michelin-star chef Daniel Eddy, is well known for his sandwiches and pastries, which attract lines dozens deep in Park Slope. But the big day came and the cafe, bakery and… Read More > The post Prospect Park’s Picnic House Now Home to Winner, a New Cafe from a Michelin Star Chef appeared first on Brownstoner.

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10 reasons why education is vital to a real estate agent’s production

Real Trends

All agents know that getting your real estate license requires hours of newly learned topics. Requirements vary from state to state. But basically, you will need enough education to understand state and national laws in order to become licensed and serve consumers. Continuing education will be a life-long journey to maintain your license. Some agents may want to take a few courses as possible choosing instead to devote more time to hands-on experience.

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Luxury Real Estate Headlines: Third Week of June 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Queensland, Australia | Barbara Wolveridge, Queensland Sotheby’s International Realty. A contemporary waterfront megamansion in Australia with a drive-in foyer, a lionfish-stocked saltwater aquarium and direct access to the beach hit the market Monday with a guide price of AUD $6.8 million.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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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Florida’s Ralph Harvey says limited services model is key to high home sales

Real Trends

Ralph Harvey first entered the real estate industry as a way to make a living while still having time to spend with his two young daughters. While the family time he gained was what he had hoped for and expected when starting his career, what he didn’t expect was that one day he would be able to close 3,252 transaction sides for a total of $1.032 billion in sales volume in one year, but that is exactly what Harvey did in 2021.

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Ways to Improve Your Home’s Roof Without Replacing It

RISMedia

By Meghan Belnap Your roof protects your family and your belongings from the elements, but it also adds to the curb appeal of your house. When you discover that your roof needs work, you may wonder if it should be replaced or repaired. Replacement is costly, so you may be on the lookout for more […]. The post Ways to Improve Your Home’s Roof Without Replacing It appeared first on RISMedia's Housecall.

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Affluent millennials delay buying homes and cars amid rising inflation

Realty Biz

Younger millionaires are feeling the brunt of higher inflation and have temporarily shelved plans to buy homes and cars. CNBC’s Millionaire Survey shows that almost half of millennial millionaires have delayed buying cars, while 44% have put off the purchase of a home due to higher interest rates that have raised the cost of borrowing. The survey, whose respondents have investable assets of $1 million or more, suggests that the effects of higher inflation are working their way up the wealth ladd

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Which 18th Century Stone Farmhouse Would You Choose? Three to Consider, Starting at $875K

Brownstoner

With their stone walls, dormers and green surrounds, all three of these 18th century houses have a claim to picturesque charm. They all boast a bit of land and while some are a bit more recently renovated than others, they do all have a few of the interior details one… Read More > The post Which 18th Century Stone Farmhouse Would You Choose?

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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5 Remote Inspection Tools for Desktop Appraisals

McKissock

The COVID-19 pandemic has accelerated the shift to desktop appraisals. As of mid-March 2022, banks and mortgage lenders can now use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages. Thanks to advances in remote appraisal technology, desktops are more convenient and reliable than ever before.

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Why Invest in Airbnb Jacksonville FL in 2022

Mashvisor

One of Florida’s hottest real estate marketplaces is Jacksonville. But should real estate investors opt for investing in Airbnb Jacksonville FL?

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10 Most Affordable Fort Worth Suburbs to Live In

Redfin

Often called “Cowtown,” Fort Worth, TX , is a destination for locals and out-of-towners alike. From its legendary food scene, close proximity to Dallas, and easy access to all Texas has to offer, it shouldn’t come as a surprise nearly 1 million people are living in Fort Worth. As you start your homebuying journey, there are three things you should know – the housing market is very competitive, the median home sale price is $340,000, and the average rent price for a 2-bedr

Sales 69
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Cost of Moving

BubbleInfo

Try out the moving-cost calculator – input the start and end locations and it will give you an estimate: [link].

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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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Investment Return Calculator: How to Find Out Your Property’s Earning Potential

Mashvisor

Would you like to know how to find out your property’s earning potential with a great investment return calculator? This article will help.

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Alison Victoria’s Questionable Design on ‘Battle on the Beach,’ and Boomer Decor Stereotypes

Realtor.com

Jessica McGowan / Getty Images. “ 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. We’re back and continuing with our recap of Season 2 of “ Battle on the Beach ,” the shoreside design competition where HGTV stars and novice house flippers team up to renovate old beach houses.

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Alternative Ways to Finance Investment Property

Mashvisor

Finding an investment property is the first step on your journey towards building wealth through real estate. The next step is to find the right financing solution for you.

Finance 69
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Fewer Pendings & Sales is Relative

BubbleInfo

The California Association of Realtors said that the number of pendings has been falling. They don’t give any other details or interpretations, so what will casual readers conclude? The market must be coming apart! Thanks C.A.R.! But because pendings and sales are directly related to inventory, we must consider the impact of having fewer homes […].

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.