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.

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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 427

Mortgages Fixed-rate mortgage Loans Residential 427

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.

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Closing Closing costs Inspection Mortgages 131

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.

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Mortgages MLS Land Investor 417

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Agents

GeekEstate

NOVEMBER 2, 2022

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Follow Up Boss]. A CRM that centralizes leads and supports follow-up tools for high-growth real estate businesses, Follow Up Boss provides calling and dialer; individual and group texting; and email for engaging with leads. Everything syncs from agents’ desktops to their phones to keep engagement consistent.

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Lending Agents 120

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.

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Industrial Mortgages Fixed-rate mortgage Principal 407

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 395

Loans Mortgages Land Finance 395

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.

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Seller concession Loan Officer Closing costs Mortgages 107

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

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Title Lending Mortgages Technology 395

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.

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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

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. . ?

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Residential Commercial Mortgages Closing 395

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.

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Branding Sales 104

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 395

Industrial Seller disclosure Mortgages Principal 395

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.

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Sales

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.

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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.

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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.

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Marketing Commercial Residential Industrial 98

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.

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As-is Closing Marketing 104

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

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.

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Marketing Sales As-is 91

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.

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Sales As-is Marketing Agents 84

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 […].

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As-is 87

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.

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Construction Marketing Development Land 79

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

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 […].

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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.

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Marketing 77

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 […].

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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 […].

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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

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.

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Industrial 105

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.

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Closing 79

Sotheby's International Real Estate

NOVEMBER 2, 2022

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ???????????????. Dallas, Texas | Melissa Jennings, Briggs Freeman Sotheby’s International Realty. Inspired by the famous Farnsworth house and designed by internationally-recognized Hocker Design Group, this modern masterpiece was constructed with 60 tons of steel, over 40 slabs of Calacatta marble, and is cantilevered with 10,000 square feet under the roof.

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Construction Design 60

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.

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Sales Marketing 75

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