Housing Wire

JULY 8, 2022

What does it mean to get a positive job report with all the talk about a recession, which ramped up starting in January 2022? Let’s look at the U.S. jobs and economic numbers as five of my six recession red flags are up today. The June data shows that we added another 372,000 jobs as we get closer to the employment numbers before COVID-19. We did have 74,000 negative revisions to the previous reports, however, the internals of this jobs report is the most interesting aspect.

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Construction Staging As-is Sales 525

Keeping Current Matters

JULY 8, 2022

Some Highlights. According to the latest data from CoreLogic , the average homeowner gained $64,000 in home equity over the past 12 months. That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home. To find out how much equity you have in your home and how you can use it, reach out to a local real estate professional.

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Equity Marketing 295

Housing Wire

JULY 8, 2022

Just two days after it abruptly shut down its operations, non-QM lender Sprout Mortgage became the target of a class-action-seeking lawsuit. Two former employees are suing the Long Island-based Sprout, its affiliated company Recovco Mortgage Management LLC and chief executive officer Michael Strauss, alleging they laid off around 100 employees at the New York office on Wednesday without giving legally required written notice and failed to pay their paychecks due the following day.

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Mortgages Bankruptcy Loans Finance 459

The Mortgage Report

JULY 8, 2022

Today’s mortgage and refinance rates Average mortgage rates rose again yesterday. Of course, they remain way lower than their mid-June highs. But they’re higher than they’ve been in a week, […].

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Mortgages 116

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Housing Wire

JULY 8, 2022

Institutional players in the single-family rental (SFR) market have been expanding their reach into select American neighborhoods since the global financial crisis of 2008, but they now find themselves in an uncomfortable limelight. . They are under scrutiny in Congress and accused of gentrifying minority neighborhoods and allegedly displacing large numbers of people of color — Black residents in particular.

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Equity Residential Investor As-is 435

Eye on Housing

JULY 8, 2022

Despite interest rate hikes, job growth remained solid in June. Total nonfarm payroll employment increased by 372,000 and the unemployment rate remained at 3.6% in June. Construction industry employment (both residential and non-residential) totaled 7.7 million and has exceeded its February 2020 level. In June, residential construction lost 4,100 jobs, and non-residential construction added 16,500 jobs.

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Residential Construction Industrial 116

Toronto Realty Blog

JULY 8, 2022

TorontoRealtyBlog. Do you remember my story about the January TRREB stats, and how in the first week of February, agents were all waiting with bated breath to find out what the ‘new’ average home price was? And do you recall my telling a similar version of this story one month later? In both cases, I can say, “We knew the stats would be crazy , but we didn’t realize just how crazy they’d be.” Well folks, the same can now be said of the June TRREB stats, only

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Sales Marketing As-is Agents 105

Housing Wire

JULY 8, 2022

The Federal Housing Administration (FHA) is making it easier for homebuyers financially affected by COVID-19 to qualify for a loan. The administration told lenders Thursday it will grant underwriting flexibility in cases in which a borrower experienced a gap in employment or a reduction of income as a result of the pandemic — but has since financially recovered.

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Loans Mortgages As-is Marketing 418

Fancy Pants Homes

JULY 8, 2022

It’s not easy being green! But when it comes to mansions with boo-tiful guests, turning green might be a given. In the Muppets Haunted Mansion Disney+ Halloween special, Gonzo and Pepé face a series of spook-tacular challenges while staying in a haunted mansion for one night. Is it witchful thinking to assume the haunted mansion is real? Gonzo in the Muppets Haunted Mansion.

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Housing Wire

JULY 8, 2022

Job growth in the U.S. had another strong month in June and the overall unemployment rate held steady, defying rising interest rates and fears of an impending recession. The construction sector, meanwhile, had only a slight gain, according to the U.S. jobs report , released Friday. The report showed a total of 372,000 nonfarm payroll jobs were added in June, compared to 384,000 in May.

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Construction Industrial Residential Mortgages 397

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.

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Brownstoner

JULY 8, 2022

Our picks for open houses to check out this weekend are found in Clinton Hill, Prospect Lefferts Gardens, Bay Ridge and Midwood. They range in price from $1.1 million to $1.885 million. In Clinton Hill, a pre-Civil War Greek Revival-Italianate-Gothic hybrid has seen hard use but may hide some salvageable surprises… Read More > The post Bay Ridge Bungalow With Garage and Three Other Open Houses to See, Starting at $1.1 Million appeared first on Brownstoner.

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Marketing 98

Housing Wire

JULY 8, 2022

This week’s HW+ member spotlight features Rogers Healy, Owner and CEO, at Rogers Healy and Associates. Below, Healy answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? Rogers Healy: This is my favorite article because it accurately outlines how the housing market is not the only factor in a recession.

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MLS Lending Equity Agents 79

Dwell Real Estate

JULY 8, 2022

Florida Condos Start to See Impact of Surfside Collapse By Kimberly Miller The tragedy rattled a Fla. insurance industry that was already struggling. One Palm Beach condo complex expected a 25% increase – but coverage rose by 82%. WEST PALM BEACH, Fla. – The specter of Champlain Towers South came in an email alert this month for residents of a West Palm Beach waterside condominium.

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Development New Construction Property Management Inspection 98

Brownstoner

JULY 8, 2022

On Thursday, June 30, about a dozen people were gathered on the steps of Park Church Co-Op in Greenpoint. It was the church’s last ever day of operation, and congregants and supporters were discussing next steps as they fight to, somehow, keep the church and its community alive. “There’s a lot… Read More > The post Locals, Pols Ask AG to Save Historic Greenpoint Building Listed for $4.5 Million appeared first on Brownstoner.

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Marketing 98

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Sotheby's International Real Estate

JULY 8, 2022

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Truckee, California | Katherina Haug, Sierra Sotheby’s International Realty. For the past two decades, San Francisco designer Holly Hollenbeck’s projects have been seamlessly embracing both the classic and the most modern elements of design, and her Little Owl A-frame getaway—named after the tiny Whet-Saw owls that populate the woods—in Truckee is no exception.

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Design 90

BubbleInfo

JULY 8, 2022

We keep hearing about price reductions, but it’s a miracle that the list pricing isn’t worse! Consider: We’ve had a strong seller’s market for 10-12 years – would we recognize anything else, let alone know what to do with it? There is no guidance or formula for buyers, sellers, and agents to determine the right […].

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Agents Marketing 88

Agent Fire

JULY 8, 2022

Personal branding in real estate starts with getting to know you. Ask yourself the right questions at the beginning and you'll build a stable brand for years to come. How to Launch a Killer Personal Brand in Real Estate is just one of many great real estate strategies on The Spark.

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Branding 88

Real Trends

JULY 8, 2022

As a real estate industry, we are living through interesting times. We are being forced to defend against three challenges, or what I call the three I’s — inventory, interest rates, and inflation. It’s not all doom and gloom; however, and there are opportunities available for those who persevere. I am hearing more agents across the country suggest we are now in a buyer’s market.

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Agents Marketing Equity Sales 82

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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.

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Realty Biz

JULY 8, 2022

Brampton is one of the preferred choices of Canadians when they decide to move to big cities, mainly because the city is constantly evolving. Whether you want to move alone or with your family, you will find many Brampton houses for sale , and one of them might very well be your dream home! Housing in Brampton. When you decide to buy a home in Brampton, you should expect to pay considerably less than in downtown Toronto or Vancouver, BC.

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Construction Development Sales As-is 77

Mashvisor

JULY 8, 2022

The United States has seen some of its hottest-ever real estate markets in the last several decades.

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Marketing Agents 69

Realty Biz

JULY 8, 2022

Although mortgage rates fell for a second successive week, it wasn’t enough to prompt more demand from potential buyers. The Mortgage Bankers Association reported that mortgage rates fell 10 basis points last week and are now down 24 points over the past two weeks. However, demand for mortgages fell 5.4% last week. The MBA said the average contract interest rate for a 30-year fixed-rate mortgage with a conforming loan balance of $647,200 or less fell from 5.84% to 5.74% last week.

Mortgages 76

Mortgages Fixed-rate mortgage Loans Industrial 76

Mashvisor

JULY 8, 2022

As a real estate investor, you may occasionally bump into the term “under contract.” But what does the term mean in real estate investing?

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Investor Inspection Finance 67

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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

Windemere Buying

JULY 8, 2022

Throughout the course of buying a home, you’ll work with a variety of professionals, all with specific training to help you through each stage of the process. With such a cast of specialists around you, it’s helpful to know everyone’s responsibilities and which questions to ask whom. One important distinction to be made is the difference between your real estate agent and your mortgage broker.

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Agents Pre-qualification Mortgages Pre-approval 52

Yardi Marketing

JULY 8, 2022

Online apartment reviews are an important way for potential renters to get a feel for your community, and it’s critical to have them on your website. In addition, reviews directly impact how your website appears in a search. In fact, it’s estimated that reviews account for 17% of the ranking factor for the Google 3-pack of local listings ! A June 2022 survey from RentCafe.com revealed that over 60% of Gen Z renters consider ratings and reviews most of the time when searching online.

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Branding Marketing As-is 52

BubbleInfo

JULY 8, 2022

One of our YouTube watchers suggested that in celebration of the big sale in La Jolla, I should go treat myself to an ice cream. I agreed!

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Sales 52

The Close

JULY 8, 2022

There’s no argument that Real Estate Express is a market leader in online real estate education. It continues to pave the way in quality online education content and courses are available in almost every state. But is Real Estate Express the best real estate education company in the business? And perhaps more importantly, is it right for you? In our Real Estate Express review, we’re going to take a close look at what Real Estate Express offers, discuss the pros and cons of the platform, and peek

Closing 52

Closing As-is Development Industrial 52

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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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Real Trends

JULY 8, 2022

Despite growing up in the real estate industry, Collin Vaughn, a founding member of the Huff/Vaughn/Sassi team based out of Jackson Hole Sotheby’s International Realty , originally wanted to be a doctor. “I was headed in a totally different direction,” he said. “I was heading toward medicine, but I decided I didn’t like that for the long-term. I could do a surgery, but I didn’t have the best bedside manner, so I looked for something else and ended up getting into finance and real estate.”.

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Agents Commercial Finance As-is 52

Redfin

JULY 8, 2022

Investing in residential real estate and renting it to tenants can be a great way to own assets that create passive income and may gain value over time. But becoming a landlord takes plenty of planning, investment, and patience. How does someone actually become a landlord? There are a lot of expenses to account for and variables to consider. Follow these steps and you’ll be well on your way to landlord life. 1.

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Purchase and sale agreement Property Management Inspection Finance 69

Brownstoner

JULY 8, 2022

In the News How a Long-Sought Bill Could Make Construction Work Less Deadly [NYT] The Thirst for Merch at Brooklyn Museum [NYT] DOE Accused of ‘Poor Planning’ of ‘Summer Rising’ Program [NYP] Zendaya and Tom Holland Spotted Eyeing $5.35 Million Brooklyn Home [NYP] Shoplifting Ring Wreaks Havoc in Brooklyn Heights: Merchants [Eagle] Annual Giglio Feast Makes… Read More > The post Daily Links: City’s 43,000 Vacant Rent-Stabilized Units Could House All Homeless New Yorkers appeared

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Construction 98

Housing Wire

JULY 8, 2022

Recently, the Federal Housing Finance Agency (FHFA) announced that mortgage lenders will be required to include in loan packets the Supplemental Consumer Information Form (SCIF), which registers a borrower’s language preference, in order for those loans to be eligible for sale to Freddie Mac or Fannie Mae. While the requirement may seem fairly innocuous, it’s likely the first of several new requirements lenders will need to consider when working with borrowers of Limited English Proficienc

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Loans Mortgages Development Lending 418

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