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.

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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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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

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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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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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.

More Trending

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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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Very Vogue: Greta Garbo’s Longtime Apartment in New York Lists for $7.25 Million

Fancy Pants Homes

The former New York City home of one of old Hollywood’s brightest stars has just hit the market. Greta Garbo, the stunning Swedish-born actress who graced the big screen in the 1920s and 1930s, lived in the swanky Midtown East suite from 1953 until she died in 1990. Known for her melancholic, somber persona, the Academy Award-nominated actress originally purchased the posh pad with breathtaking water views since it reminded her of her beloved homeland.

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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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Mortgage and refinance rates today, June 17, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates barely moved yesterday. For example, those for conventional 30-year fixed-rate mortgages just inched higher. That was a pleasant surprise because a sharp […].

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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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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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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Daily Links: City Scuppers Public Swim Programs Due to ‘Lifeguard Shortage’

Brownstoner

In the News Man Dies After Getting Stuck Between Subway Car and Platform [NYT] City Cans Free Outdoor Swim Lessons Citing ‘National Lifeguard Shortage’ [NYP] Two-Alarm Fire Roars Through Greenpoint Furniture Shop [BK Paper] Tiny Buildings, Big Heart: Meet Aaron Kinard’s Miniature Brooklyn [BK Reader] Tenants Protest Proposed Rent Increase at Final Public Hearing [Gothamist] Brooklyn's… Read More > The post Daily Links: City Scuppers Public Swim Programs Due to ‘Lifeguard Shortage

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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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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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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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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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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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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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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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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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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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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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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.

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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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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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5 Data Proven Ways Agents Can Do 18% More Business

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.

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The Close Review: Parkbench’s Video Marketing Mastery Course + Video Walk-through

The Close

Real estate agents across the country have a problem: Most of us recognize the importance of video marketing, and yet, most of us aren’t very good at it. Why? Because good video marketing is hard. Marketing strategists, conference presenters, and even your broker are quick to tell you why video marketing in real estate is so valuable, but they’re curiously silent when it comes to how to level up your video marketing game.

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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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Homebuyer competition drops for fourth consecutive month

Real Trends

Homebuyer competition dropped in May for the fourth consecutive month, according to a report from Redfin published Friday. The report found, nationwide, 57.8% of offers written by Redfin agents in the 36 metropolitan areas analyzed faced at least one competing bid, down from 60.9% in April and a pandemic peak of 68.8%, recorded a year prior. In May, the typical home in a bidding war received 5.3 offers, down from 6.8 offers in April and 7.4 offers in May 2021.

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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

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.