RIS Media

APRIL 28, 2022

Tomas Barrientos. Managing Broker. HomeSmart TuCasa Realty. Tulsa, Oklahoma. [link]. Region served: Oklahoma. Years in real estate: 17. Number of offices: 2. Number of agents: 59. How did you come to partner with HomeSmart, and how has that helped mold your brokerage? . During the pandemic, we tried to find a new way to present something fresh with technology that was simple enough that our agents would understand, while also offering 100% commission with a flat transaction-fee plan.

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Agents Brokerage Technology Inspection 98

Housing Wire

APRIL 28, 2022

Homebuyers can secure a home mortgage using cryptocurrency as collateral through a new partnership between blockchain real estate platform Propy and crypto wallet service Abra. The Abra Borrow platform allows customers to use crypto as collateral to borrow U.S. dollars with flexible repayment terms and interest rates as low as 0%, Propy, a real estate blockchain startup headquartered in Palo Alto, California, said in a release.

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Mortgages Equity Technology Investor 397

Keeping Current Matters

APRIL 28, 2022

Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market.

Marketing 249

Marketing 249

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. The firm generated $2 billion in total revenue during the first quarter of 2022, unchanged from a year ago. Net income, however, was a different story. During the first quarter of 2022 , First American saw $98 million in net income compared to $234 million a year ago.

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Title Commercial Closing Loans 397

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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

APRIL 28, 2022

Housing’s share of the economy edged higher at the start of 2022 due in part to a surprise drop in growth. For the first quarter of 2022, overall GDP growth declined at a 1.4% annual rate, driven by increased inventories and a jump in imports. Housing’s share of GDP increased to 16.7%, somewhat off a 14-year high of 17.8% during.

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Housing Wire

APRIL 28, 2022

Mortgage rates are hovering in the lower 5% range, after moving north for seven consecutive weeks, according to the latest Freddie Mac PMMS. Purchase mortgages this week averaged 5.10%, down only one basis point from a week ago. A year ago at this time, 30-year fixed-rate purchase rates were at 2.98%. The GSE’s index accounts for just purchase mortgages reported by lenders over the past three days.

Mortgages 370

Mortgages Fixed-rate mortgage Banks Loans 370

Housing Wire

APRIL 28, 2022

A combination of home price appreciation, inflation, and low housing inventory continued to dent homebuyers’ ability to buy homes in March. The trend of a decrease in homebuyer affordability is forecast to persist in the coming months, hitting first-time buyers the most. . The national median monthly mortgage payment settled in loan applications rose 5% to $1,736 in March from $1,653 the previous month, according to a survey published Thursday by the Mortgage Bankers Association.

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FHA loan Loans Mortgages Marketing 370

Eye on Housing

APRIL 28, 2022

In the first quarter of 2022, real GDP declined for the first time since the pandemic recession, as inflation surged to a 40-year high and supply chain disruptions remain persistent. This quarter’s decrease reflected a deceleration in private inventory investment, decreases in exports and government spending and an increase in imports. According to the “advance” estimate released by the Bureau.

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Residential 116

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. D.R. Horton , the nation’s largest homebuilder by gross revenue and total closings, this week released its second quarter earnings for the fiscal year, which executives deemed “outstanding,” despite ongoing supply chain challenges , “a very tight labor market ,” and the massive uptick in mortgage rates.

Construction 370

Construction Sales Closing Investor 370

HomeLight

APRIL 28, 2022

When you’re selling a house, finding a buyer means you can start thinking about the next big step: actually moving. This includes packing up your stuff, booking a trustworthy mover, and getting everything to your new home. With houses on the market for an average of 18 days as of February 2022 (according to statistics from the National Association of Realtors®), you don’t have much time to sell , pack up the house, and go.

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Purchase and sale agreement Rent back As-is Staging 111

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

APRIL 28, 2022

Nonbank mortgage lender and servicer Mr. Cooper Group reported net income of $658 million in the first quarter of 2022, increasing its profits by a factor of four compared to the $155 million recorded in the previous quarter. The performance reflects gains with mortgage servicing rights (MSR) and a deal with the fintech Sagent , which offset lower profitability related to originations, according to the quarterly earnings filing with the Securities and Exchange Commission (SEC) on Thursday.

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Principal Mortgages Equity Closing 370

Coldwell Banker

APRIL 28, 2022

Roundup of news coverage of Coldwell Banker’s new Dream campaign. The post Dream Ad Campaign Making Headlines appeared first on Coldwell Banker Blue Matter.

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Housing Wire

APRIL 28, 2022

Ryan Schneider, CEO of Realogy. Residential real estate brokerages will not do as well in 2022 as they did in 2021, but let’s not get carried away. That seemed to be the message of Realogy Holding Corp.’s quarter one earnings just as the stock markets opened early Thursday morning. The Madison, New Jersey-based conglomerate whose name brands include Corcoran , Sotheby’s International Realty , and Coldwell Banker , among others, posted $23 million in net income for the first three months of 2022.

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Mortgages Brokerage Investor Agents 370

The Close

APRIL 28, 2022

In today’s tight inventory market, trying to help buyers with financing and limited funds feels a little like getting into a boxing match with Mike Tyson. While losing a deal to a cash offer might not hurt as much as getting punched by Mike Tyson, it’s still frustrating for your buyers, and more work for you. After getting punched in the face a few times, you have to decide to either quit or come up with another strategy.

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Rent back Closing costs Finance Agents 105

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Brokerage

Housing Wire

APRIL 28, 2022

Freddie Mac reported net income of $3.8 billion for the first quarter of 2022, an increase of 37% year-over-year, even as purchase and refinance activity continued to decline. The company’s net worth climbed to $31.7 billion, up nearly $13 billion from the same time last year. Its single-family mortgage portfolio now stands at $1.9 trillion, a year-over-year increase of 17%, due to house price appreciation and strong home purchase activity.

Loans 370

Loans Equity Mortgages Marketing 370

Brownstoner

APRIL 28, 2022

The chic yet relaxed interior of this townhouse triplex began with a unique concept. New homeowners, a couple with a young child, came to Gowanus-based design firm General Assembly wanting to capture "how New York felt in the '50s and '60s, when the area had a Bohemian vibe, not as… Read More > The post The Insider: Boerum Hill Townhouse Refresh Evokes an Arty Era With Deep Color appeared first on Brownstoner.

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Design Renovation 105

Housing Wire

APRIL 28, 2022

As the first quarter unfolded, macroeconomic risks created strong headwinds for mortgage companies. The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Fannie Mae forecasted in early March that mortgage rates would approximate between 3.7% and 3.9% this year, but by April 7, the national average for a 30-year mortgage had already reached 4.72%.

Industrial 370

Industrial Mortgages Loans Equity 370

Brownstoner

APRIL 28, 2022

Ten new car-free Open Streets are headed to Brooklyn by this summer, bringing miles of streets open to bikers, pedestrians, and community life to the borough’s already-thriving Open Streets program. “This weekend, we will celebrate Car-Free Earth Day in New York City, but I want to thank the dozens of community… Read More > The post Brooklyn’s Open Streets Total Reaches 47 With New Car-Free Zones Announced appeared first on Brownstoner.

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Agents

Housing Wire

APRIL 28, 2022

Colorado Springs, Colorado. The original uploader was Postoak at English Wikipedia., CC BY 2.0 <[link] via Wikimedia Commons. Due to rising mortgage rates, soaring home prices and low inventory, the title insurance industry is falling precipitously from the record highs achieved during the pandemic. But Stewart Information Services Corporation , the smallest of the nation’s “Big Four” title insurers, has planned for this inevitability.

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Title Commercial Technology Marketing 370

The Close

APRIL 28, 2022

Your dynamic real estate career in New York awaits in one of the hottest real estate markets in North America. You’re only 75 hours of prelicensing coursework away from getting your real estate license too. In no time at all, you could be helping clients buy a cozy upstate NY home, a summer home in The Hamptons, or a chic Manhattan apartment. Whether you’re just beginning or taking your real estate career to a new state, we’ve got you covered.

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Agents Closing As-is Design 105

Housing Wire

APRIL 28, 2022

Ohio-based Union Home Mortgage is the latest in a string of lenders this week to institute workforce reductions. “The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications officer, said in a statement. “We, like other companies in our industry, are temporarily adjusting staffing levels to accommodate rapidly changing marketplace conditions and business

Mortgages 370

Mortgages Loan Officer Residential Loans 370

Toronto Realty Blog

APRIL 28, 2022

TorontoRealtyBlog. I’d like to start this edition of “Photos of the Week” by pointing out the date: April 28th. Why is that significant? Well, there are various reasons. You might think it coincides with the famous song by Sublime by the same name, but you’d be off by one day! “ April 29th, 1992 ,” was their hit song from their self-titled album, released in 1996, which described their account of mayhem during the Los Angeles riots.

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Title Construction As-is Closing 105

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Agents

Housing Wire

APRIL 28, 2022

The pace of purchase-loan originations as well as transactions in the private-label securities market started to slow by the second quarter of this year as interest rates continued to spike, according to mortgage industry experts. One bright spot in the market, however, has been the investment-property sector, where deal flow appears to be holding up, and even many agency-eligible mortgage loans are finding their way into private label securities (PLS) transactions.

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Investor Marketing Loans Finance 369

HomeLight

APRIL 28, 2022

“I’m a serial homebuyer,” laughs Claribel Solis, a homeowner in Arlington, Texas. “I’ve moved many times and have worked from home on and off for about 20 years.”. While having to spend time at home during the COVID-19 pandemic wasn’t exactly new territory for Solis, she did feel her walls slowly starting to close in as the days slipped away. “I felt almost caged because there were limitations on where I could go outside and who I could interact with,” Solis recalls.

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New Construction Construction Equity Agents 105

Housing Wire

APRIL 28, 2022

Nonbank mortgage lender and servicer Ocwen Financial Corporation reported a $58 million profit in the first quarter, according to preliminary quarterly results released Thursday. The company greatly bettered the $2 million loss in the fourth quarter of 2021 and increased its profits by a factor of six compared to the $8.5 million in net income reported in the first quarter of 2021.

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Principal Mortgages Industrial 369

HomeLight

APRIL 28, 2022

When a work opportunity meant that homeowner Molly Porter and her husband, Jason, would need to relocate from San Diego to Idaho, they were nervous about how to navigate a tricky transition. “We were concerned about our ability to sell our home in California and seamlessly buy a new home in the new state,” says Porter. “For us, it was about the timing of leaving a job in San Diego and being able to have a good living situation to start a new job, but without having to support two households in t

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New Construction Agents Staging Construction 105

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Sales

Housing Wire

APRIL 28, 2022

For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. Only the northeast region saw an increase in pending sales in March from February, according to an NAR news release based off data from its pending home sales index.

Marketing 353

Marketing Mortgages Sales Construction 353

RIS Media

APRIL 28, 2022

Mortgage rates edged down this week, but only slightly and remaining above the 5% mark, according to the results of this week’s Primary Mortgage Market Survey ® (PMMS ® ) from Freddie Mac, released Thursday. The survey shows the 30-year fixed-rate mortgage (FRM) averaged 5.10% this week. Key findings: 30-year fixed-rate mortgage averaged 5.10% with an average 0.8 point as of April 28, 2022, down slightly from last week when it averaged 5.11%.

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Fixed-rate mortgage Mortgages Banks Finance 98

Brownstoner

APRIL 28, 2022

A garden two-bedroom has white walls, parquet floors and a variety of perks, including a dishwasher, in-unit laundry and backyard with horizontal fence. It's on the first floor of a four-story, four-unit 1890s brownstone at 161 Pulaski Street in the north center of Bed Stuy near the G train. A… Read More > The post Bed Stuy Two-Bedroom With Laundry, Garden, Horizontal Fence Asks $3,000 a Month appeared first on Brownstoner.

Marketing 98

Marketing 98

RIS Media

APRIL 28, 2022

The first three months of the year proved to be a boon for Realogy Holdings Corp, which was able to carry some of its momentum from last year in the first quarter of 2021 and tally significant revenue growth in Q1 2022. According to its latest earnings report, the company earned $1.6 billion in revenue in Q1 2022, tallying a 6% increase from the same period last year and a company record for first-quarter performance to boot. “Realogy demonstrated continued momentum in our strategic transf

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Title Lending Equity Industrial 98

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