Keeping Current Matters

NOVEMBER 2, 2022

As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends.

304

304

Housing Wire

NOVEMBER 2, 2022

Borrowers’ demand for mortgage loans declined at a slower pace last week when mortgage rates dropped slightly ahead of the Federal Reserve ’s (Fed) meeting to announce the new target for the federal funds rate. According to the latest survey from the Mortgage Bankers Association (MBA), the mortgage composite index for the week ending Oct. 28 fell 0.5% from the prior week and 68% compared to the same period in 2021.

Mortgages 459

Mortgages Fixed-rate mortgage Loans Residential 459

Realty Biz

NOVEMBER 2, 2022

Buying a home is likely the largest purchase you’ll ever make. In today’s competitive housing market, even buyers who saved a hefty down payment might end up paying more for their home than they planned. It’s easy to bust your budget when it comes to a home’s sale price, but many homeowners are surprised by the expenses they'll need at or after closing.

Closing 124

Closing Closing costs Inspection Mortgages 124

Housing Wire

NOVEMBER 2, 2022

Amid a surprisingly strong U.S. economic performance and persistent inflation, the Federal Reserve on Wednesday raised the federal funds rate by another 75 basis points, to 3.75%-4%, launching it to the highest level since December 2007. The decision, expected by most Fed observers and the financial markets, is intended to further slow down the housing market.

Mortgages 448

Mortgages MLS Land Investor 448

Advertisement

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.

Development

Eye on Housing

NOVEMBER 2, 2022

An earlier post revealed that a record 70% of buyers who were actively engaged in the process of finding a home in the third quarter of 2022 have spent 3+ months searching for a home without success. Those buyers also have higher incomes and education levels than in previous quarters. The most common reason these long-term searchers cite for not.

122

122

Housing Wire

NOVEMBER 2, 2022

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. And with Fed rates expected to rise even further, industry experts and economists don’t expect mortgage rates to stabilize for at least another year.

Industrial 435

Industrial Mortgages Fixed-rate mortgage Principal 435

Housing Wire

NOVEMBER 2, 2022

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. Borrowers can use this loan to finance a manufactured home with a down payment of as little as 5% for primary residences or at least 10% for second homes, the lender said Wednesday.

Loans 418

Loans Mortgages Land Finance 418

Eye on Housing

NOVEMBER 2, 2022

Continuing its tightening of financial conditions to bring the rate of inflation lower, the Federal Reserve’s monetary policy committee raised the federal funds target rate by 75 basis points, increasing that target to an upper bound of 4%. This marks the fourth consecutive meeting with an increase of 75 basis points and pushes the fed funds rate to a 15-year.

119

119

Housing Wire

NOVEMBER 2, 2022

The National Association of Mortgage Brokers ( NAMB ), a trade association representing mortgage professionals and homebuyers since its establishment in 1973, announced its agenda for 2023 at it NAMB National conference. According to a statement, NAMB pledged to advocate for a range of initiatives, including: The Trigger Leads Prohibition Act, which protects consumers’ data from being sold to companies that are not involved in mortgage processing transactions, Working with lawmakers on the 3% Qu

Title 418

Title Lending Mortgages Technology 418

Coldwell Banker

NOVEMBER 2, 2022

The brand extended franchise agreements that accounted for more than $6.2 billion in sales volume and welcomed five new franchisees. The post Coldwell Banker Real Estate Reports Strong Q3 2022 Results appeared first on Coldwell Banker Blue Matter.

Branding 116

Branding Sales 116

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.

Industrial

Housing Wire

NOVEMBER 2, 2022

Rithm Capital , formerly known as New Residential Investment , delivered a $124.5 million profit from July to September, due primarily to its servicing portfolio performance. In the third quarter, the company intensified the diversification of its businesses and further downsized its mortgage business amid a challenging macroeconomic landscape. . ?

Residential 418

Residential Commercial Mortgages Closing 418

Eye on Housing

NOVEMBER 2, 2022

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 66% in the third quarter of 2022, which is statistically unchanged from the last quarter reading (65.8%). It is 0.6 percentage points higher than the rate in the third quarter of 2021. The national rental vacancy rate rose to 6%, while the homeowner vacancy rate inched up.

116

116

Housing Wire

NOVEMBER 2, 2022

The housing industry, from servicers to real estate agents and more, will feel the impacts of this year’s hurricane season far beyond 2022. In the midst of this, a potential lapse in the National Flood Insurance is top of mind for many. . In light of that, HW Media Managing Editor of Content Solutions Maleesa Smith sat down with Scott Gibson, principal of product compliance at CoreLogic, to discuss the future of the NFIP, as well as potential reforms that could help the industry be more prepared

Industrial 418

Industrial Seller disclosure Mortgages Principal 418

HomeLight

NOVEMBER 2, 2022

Disclaimer: This post is meant to be used for educational purposes. Mentions of flat fee MLS companies and links in this post do not constitute an endorsement. Individual program details can change — please visit a provider’s website for the most current information on rate packages, fees, service areas, and more. HomeLight always recommends doing your own research to determine which selling option is best for your situation.

MLS 111

MLS Purchase and sale agreement Agents Sales 111

Advertisement

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.

Brokerage

Housing Wire

NOVEMBER 2, 2022

It’s clear that 2023 will be a very different year for the title industry than what we’ve experienced in the recent past. Despite the forecasted decline in orders, we’re still expecting an overall origination volume of just over $2 trillion. Historically, that has represented a solid market, albeit not spectacular. Regardless, it’s clear that title businesses will need to compete for their share of that available volume, in large part, by differentiating themselves from the competition.

Title 418

Title Technology Loan Officer Closing 418

Real Trends

NOVEMBER 2, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. These borrowers are hoping that rates will decline enough in the next few years that a refinance will bring their payments down permanently. Options for borrowers include temporary rate buydowns and down payment assistance programs.

Seller concession 109

Seller concession Loan Officer Closing costs Mortgages 109

BubbleInfo

NOVEMBER 2, 2022

In California, about 70% of the outstanding mortgages have a mortgage rate below 4%, which means it’s unlikely that many of those homeowners will move if they have to qualify for and accept a much-higher rate. Plus, about 30% of local homeowners don’t have a mortgage. Who is left? Anyone? Home Buyers Who Will Keep […].

Sales 105

Sales Mortgages Marketing 105

Lighter Side of Real Estate

NOVEMBER 2, 2022

Some people feel like it’s not a good time to sell their house right now because they’ve heard that prices are dropping, it’s taking longer to sell, and the number of home sales have drastically dropped. That’s all true in many areas and price ranges, but it isn’t across the board. A lot depends upon where you live and the price range of the house you’re selling.

Marketing 104

Marketing Sales As-is 104

Advertisement

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.

Agents

Real Trends

NOVEMBER 2, 2022

The Emerging Trends in Real Estate report, produced by PWC and The Urban Land Institute (ULI), has been the dominant voice in reporting the future of the industry for more than 40 years. Given the market upheavals in the years since the COVID-19 pandemic, looking forward and analyzing trends is more important than ever. We’ve combed the report to bring you the highlights and can’t-miss information that will impact your business in 2023.

Marketing 104

Marketing Commercial Residential Industrial 104

Bigger Pockets

NOVEMBER 2, 2022

A recession is a normal (some might argue), inevitable part of the economic cycle. Many factors influence the dynamics of one, such as decreased consumer spending, a rise in unemployment rates, lower […].

As-is 100

As-is 100

Toronto Realty Blog

NOVEMBER 2, 2022

TorontoRealtyBlog. Why is real estate so expensive in this city? Gawrsh, I mean, come on! We all “should” be able to live here, and “should” be able to afford our own home, and the powers-that-be “should” make that happen. In an unrelated story, can you guess my most-hated word in today’s society? Let’s turn that on it’s head, for a moment.

Construction 98

Construction Marketing Development Land 98

Bigger Pockets

NOVEMBER 2, 2022

Real estate investing wouldn’t be the same without BiggerPockets. If you were lucky enough to attend BPCon 2022 in sunny San Diego, you’ll know what we mean. With a sea […].

94

94

Advertisement

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.

Agents

Real Trends

NOVEMBER 2, 2022

Slowing housing market conditions are catching up with Opendoor. The iBuyer announced on Wednesday that it is laying off 550 employees, or about 18% of the company. The company’s founder and CEO, Eric Wu, wrote in a blog post that the workforce cuts were due to “navigating one of the most challenging real estate markets in 40 years” and that they “need to adjust [their] business” in response.

As-is 87

As-is Sales Marketing Agents 87

Bigger Pockets

NOVEMBER 2, 2022

Chris Voss is an expert negotiator. After going from a street cop to the FBI and later thriving as a hostage negotiator, he wrote the world-famous book, Never Split the […].

As-is 92

As-is 92

Agent Fire

NOVEMBER 2, 2022

We've put together a list of tips and ideas that will enable you to leverage the power of text message marketing for real estate. Real Estate SMS Marketing to Maximize Your Engagement is just one of many great real estate strategies on The Spark.

Marketing 86

Marketing 86

Brownstoner

NOVEMBER 2, 2022

Embrace the fall without a hike outside the borough with a tour of the changing colors of the Brooklyn Botanic Garden. The tour, which is free with garden admission, will take a stroll past golden ginkos, scarlet oaks, black tupelos, maples and more. Eager foliage enthusiasts can show up at… Read More > The post Do Some Leaf Peeping Close to Home with a Brooklyn Botanic Garden Fall Color Tour appeared first on Brownstoner.

Closing 85

Closing 85

Advertisement

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

Realty Biz

NOVEMBER 2, 2022

Moving to New York City is a big deal. You're taking the first step toward setting roots in one of the world's most exciting cities, but it can also be overwhelming. This guide will help you prepare for your move and make sure it goes as smoothly as possible. Choose the best place to live. Choosing the right neighborhood is an important step in starting your new life in New York.

As-is 82

As-is Closing Marketing 82

RISMedia

NOVEMBER 2, 2022

By Anica Oaks You might think buying you forever home and buying a home that fits you now are two ways of saying the same thing. After all, doesn’t everyone want to buy a home that will be their perfect long-term abode? Unfortunately, it’s not that simple. Thinking about buying your forever home means considering […]. The post Buying Your Forever Home vs.

Industrial 81

Industrial 81

Brownstoner

NOVEMBER 2, 2022

When this Park Slope manse was for sale in 1910 the ad pitched it as "must be seen to be appreciated" with exquisite details and an ideal location across from Prospect Park. The massive dwelling on Prospect Park West still has plenty of those original details in evidence, including a… Read More > The post ‘Unique and Delightful’ Detail-Filled Park Slope Manse With 1950s Style Diner Asks $9.95 Million appeared first on Brownstoner.

Sales 76

Sales Marketing 76

BubbleInfo

NOVEMBER 2, 2022

Buyers have become more reluctant about executing the terms of the contract – and the NBPs are back! Here is the explanation on how they work: Q. My buyer was sent an NBP on Wednesday. My question is does the NBP expire 48 hours from delivery/reception, or at 11:59:59 Thursday night? A. The Notice to […].

74

74

Advertisement

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.

Brokerage