Wed.Jan 04, 2023

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Real Estate Client Relationships 

Easy Agent Pro

Anyone who has been in the real estate industry for a while understands the importance of building relationships with leads and clients alike. It is the very first step of the sales funnel and until you build a solid relationship, you can’t do the fun part of matching someone with the perfect property. Like any other sales-driven occupation, real estate agents need to focus on building relationships that show leads and clients that they are a trusted authority with the skills and expertise neede

Land 82
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New cash-out fees add to pain for mortgage lenders

Housing Wire

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. It represented the lowest level of activity in 27 years. “With mortgage rates still well above 6% and the threat of a recession looming, mortgage applications continued to decline over the past two weeks to the lowest level since 1996,” Joel Kan, Mortgage Bankers Association ‘s vice president and deputy chief economist, said in a statement.

Mortgages 523
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Avoid the Rental Trap in 2023

Keeping Current Matters

If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home.

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FormFree raises $55,000 for American Red Cross

Housing Wire

Mortgage technology provider FormFree gives back to those in need in Northeast Georgia in a big way. FormFree hosted its third annual Heroes Golf Classic and raised nearly $55,000 for the American Red Cross. The donations will go toward disaster relief and hosting future blood drives. The CEO of FormFree, Brent Chandler, is also on the board of directors for the American Red Cross.

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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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Canadian Real Estate Bubble May Crash Until 2025 As Indicator Flashes Warning

Better Dwelling

Canada’s real estate bubble is popping, and another indicator is flashing a warning. Residential investment as a share of GDP fell again in Q3 2022, after peaking a year before. Such a large drop in housing investment has only ever preceded the popping of a real estate bubble. Central bank research also indicates real home […]. The post Canadian Real Estate Bubble May Crash Until 2025 As Indicator Flashes Warning appeared first on Better Dwelling.

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PrimeLending sues FCM for poaching 10% of its workforce

Housing Wire

Texas-based PrimeLending is suing its direct competitor , First Community Mortgage, Inc. (FCM), for raiding its talent pool. . According to a lawsuit filed on December 20 in a district court in Tennessee, First Community Mortgage, Inc. (FCM) orchestrated a mass departure of PrimeLending’s Mid-America employees — who allegedly left on the same date without notice. .

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Former FoA exec Kathryn Amor joins Guaranteed Rate

Housing Wire

Kathryn Amor, former senior vice president of Finance of America Companies (FoA), has taken on a new role at Guaranteed Rate as the Chicago-based lender looks to diversify its product mix amid the mortgage downturn. Amor, whose title is senior vice president and head of enterprise products at Guaranteed Rate, joined the capital markets team, where she will “oversee all product offerings in this rapidly changing market,” the firm said in December.

Finance 364
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7 Kitchen Improvement Projects That Offer the Best and Worst Return on Investment

Realtor.com

Photo by Cynthia Lynn Photography via Houzz When taking on a kitchen renovation , wouldn’t it be nice to decorate to your heart’s content without any regard for what will appeal to future buyers? You might be in love with the idea of a built-in rotisserie oven or a tile backsplash that depicts your favorite mythical creature. But are these specific features going to have universal appeal when it comes time to sell?

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Bob Hope’s house in Palm Springs, an architectural masterpiece

Fancy Pants Homes

The 23,000-square-foot steel, concrete, and glass masterpiece that was once home to comedian/actor Bob Hope is one of the most unique celebrity homes of all time. Custom-built for Dolores and Bob Hope by one of the most noteworthy American architects of the twentieth century, John Lautner, the property is well known for both its architecture and the many famous guests that it entertained throughout the years.

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Opinion: NYC’s 2023 housing market resiliency report

Real Trends

On March 8, 2020, the first death from COVID-19 was reported. By the end of May – not surprisingly – demand for New York City housing was down 78% from its pre-pandemic average. But on June 1, 2020, the unexpected occurred. Demand began to recover. And, on July 19, 2020, the impossible happened. Demand recovered. Let’s look at the past NYC markets and then ponder what is to happen in 2023.

Marketing 104
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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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Seller Concessions: What is a Seller Concession and How Do They Work

Maximum Exposure Real Estate

Everything You Need to Know About Seller’s Concessions Have you heard a real estate agent using the term “seller’s concessions” or “selling concessions” and wondered what it meant? Buying a home can stretch your finances to the limit, with closing costs that could be as much as 5% of the purchase price. This can make […].

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Honey, Who Shrunk the Landmarks? Brooklyn Buildings Make Up Custom Lego Set

Brownstoner

Historic Brooklyn landmarks, including the Carroll Street Bridge, Park Slope row houses and the arch at Grand Army Plaza, have been turned into a buildable Lego model as part of a prominent Brooklyn architecture firm's anniversary celebrations. Although not available for purchase, the quaint model still provides eye-candy and possible craft… Read More > The post Honey, Who Shrunk the Landmarks?

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What is an Appraisal Gap Coverage Clause and Guarantee

Maximum Exposure Real Estate

What Does Appraisal Gap Mean in Real Estate Many things happen when you buy a new home, and sometimes things don’t go your way. When purchasing with a mortgage, one issue you can have is an appraisal gap. If there is an appraisal gap, you could lose your dream home. We will take an in-depth […]. The post What is an Appraisal Gap Coverage Clause and Guarantee appeared first on Maximum Real Estate Exposure.

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How Property Listing Portal Can Elevate Brokerage Business

Realty Biz

The pandemic has made it clear that the old way of home search does not work anymore. People have developed new digital behaviors and now expect: to have information about properties available in real-time online. less face-to-face or over-the-phone communication with a broker and more digital experience. to be able to reach out to buyers/sellers directly.

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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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The Simple Anti-Decorating Trend That Will Revolutionize Your Home in 2023

Realtor.com

Getty Images / @_sightunseen_ via Instagram Think you need a big budget and top-notch taste to achieve a well-designed home? On the contrary, the days of having museum-level interiors are waning, and a new approach is gaining momentum. Meet the anti-decorating trend that’s the brainchild of Monica Khemsurov and Jill Singer , founders of Sight Unseen and authors of their debut book, “ How To Live With Objects.” The basic premise will feel like a breath of fresh air to anyone who

Design 92
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Renovated West Midwood Standalone With Wood Burning Fireplace, Parking Asks $2.5 Million

Brownstoner

This early 20th century standalone got a recent makeover that left the charm of the front porch intact while giving the interior a new look that included partly opening up the floor plan of the first floor, renovating all of the wet rooms and adding a bathroom. Left intact inside… Read More > The post Renovated West Midwood Standalone With Wood Burning Fireplace, Parking Asks $2.5 Million appeared first on Brownstoner.

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Real estate is experiencing a historic home pricing correction

The American Genius for Real Estate

Peeking into 2023, the real estate market outlook is changing dramatically because of central banks raising interest rates.

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Daily Links: Thousands Petition to Keep ‘Burg’s Berry Street for Traffic, Not Bike Boulevard

Brownstoner

In the News Eric Adams Said He Wanted to ‘Get Stuff Done.’ Did He? [NYT] She’s Building a Little Jewish Magazine on Big Ideas [NYT] Mayor Ticketed Again for Rats at His Bed Stuy Row House [NYDN] Thousands ‘Wash Off the Old Year’ at Coney Island Polar Bear Plunge [BP] DoBro Pan-African Restaurant, Amarachi, in… Read More > The post Daily Links: Thousands Petition to Keep ‘Burg’s Berry Street for Traffic, Not Bike Boulevard appeared first on Brownstoner.

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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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Builders Are Getting Frustrated, And Now They’re Doing This

Bigger Pockets

The mixture of (relatively) high interest rates and economic volatility with the fact most homeowners have fixed, low-interest rate debt had induced what real estate economist Bill McBride refers to as the “sellers […].

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Lawsuits Accuse Brooklyn-Based BK Lobster Chain of Fraud, Wage Theft, Unpaid Rent

Brownstoner

This article was reported and published in a partnership between Brooklyn Paper and THE CITY. BK Lobster, a seafood restaurant that started in Brooklyn and has expanded rapidly across the country, sold multiple franchises in New York without registering them, in violation of state law, THE CITY and Brooklyn Paper have… Read More > The post Lawsuits Accuse Brooklyn-Based BK Lobster Chain of Fraud, Wage Theft, Unpaid Rent appeared first on Brownstoner.

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AgentPulse Q1 2023: 50% of agents surveyed use buyer rep agreements

Real Trends

Buyer representation agreements aren’t new, but many buyers’ agents just don’t use them. “We see more buyers in our area calling us directly as the list agent in a property,” said a sales associate with an independent brokerage in Tampa, Florida. “We are allowed to double-side [transaction brokerage]. Buyers’ attitudes appear to be that the list agent knows the most about the property.

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Construction Job Openings Likely Peaked

Eye on Housing

The count of open, unfilled jobs for the overall economy declined slightly in November, falling from 10.51 million open positions to 10.46 million. This represents a decrease from a year ago (10.92 million), a sign the labor market is slowing in response to tighter monetary policy. The degree of this slowing will be critical for the ongoing downshift in the.

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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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Video of the Week: A Magnificent and Secluded Maui Estate

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. . Lahaina, Hawaii | Island Sotheby’s International Realty. Step into this magnificent and secluded Maui estate perched on two ocean cliff lots overlooking the Pacific Ocean and Moloka’i. This property is unique for its beautiful, quiet setting, as its approximately 100-foot elevation creates a unique private sunset panorama.

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Staying Safe When Selling Your Home

Windemere Selling

Staying organized while selling your home can feel impossible, especially if you’re buying a new home at the same time. There’s also the pressure to keep your home clean and tidy for showings to prospective buyers. In all the chaos, taking the proper safety precautions can fall by the wayside, but it is something that should be prioritized. Keep these safety tips in mind as you work with your agent to sell your home.

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How to empower today’s first-time homebuyers

Real Trends

The pandemic brought a wave of new real estate agents to the industry. In 2021, the National Association of Realtors (NAR) saw record-high membership. And in March 2022, real estate had some of its highest gains when the median existing-home price hit $375,300, up 15% over 2021, marking the longest streak of consecutive year-over-year increases, according to NAR.

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The Keys to Goal Setting for Real Estate Agent Growth in 2023

Agent Fire

Setting New Year's resolutions for your real estate business is easy. Finding the right strategies to take you from goal to achievement is the challenge. The Keys to Goal Setting for Real Estate Agent Growth in 2023 is just one of many great real estate strategies on The Spark.

Agents 81
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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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Mortgage Demand Falls in December to the Lowest Level Since 1996

Realtor.com

GETTY IMAGES The numbers: Mortgage applications fell by 13.2% to close off the last two weeks of 2022. Mortgage applications are now at the lowest level in 27 years. The real-estate market is slow during the holiday season, so that weighed on the market composite index, a measure of mortgage application volume, the Mortgage Bankers Association (MBA) said on Wednesday.

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Mortgage and refinance rates today, Jan. 4, 2023

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates had a decent day yesterday, falling moderately. That was overdue after a couple of bad weeks. But it was a great way […].

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Don’t Worry About Home Prices Dipping This Year (Unless You’re Among This 3% Of Homeowners)

Lighter Side of Real Estate

It’s natural for people to be concerned that they’re buying a house when prices are at their peak, and people worry about that in almost any market. So when you start hearing news about the market shifting, and home prices coming down, you might wonder if your house is worth less than you paid for it (if you bought it in the past couple of years). It can (and does) happen.

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Ellen DeGeneres and Portia de Rossi Selling a Modest but Beautiful Montecito Home

Realtor.com

Getty Images / Realtor.com If you believe the adage that good things come in small packages, we have just the home for you. Real estate flippers and Hollywood A-listers Ellen DeGeneres and Portia de Rossi are selling one of their Hedgerow houses in Montecito, CA , for $5.85 million. The famous couple bought the adorable three-bedroom home in April for $5.4 million and listed it a month later for $5,995,000, according to Siteline.

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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.