Housing Wire

MAY 6, 2022

Add Guild Mortgage to the list of lenders with profitability propelled by the servicing portfolio in the first quarter — a trend that will continue in the coming months, as pressure on origination margins will remain, executives believe. The California-based nonbank mortgage lender reported a $208 million net income from January to March, an increase of 393% quarter over quarter and 29% year over year. “Origination volumes and gain on sale margins were compressed compared to prior quarters

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GeekEstate

MAY 6, 2022

The GEM is a private community built for those in the PropTech industry (companies centered around those who use technology and software to assist in today’s real estate needs). We provide a space for 525 industry leaders and influencers to connect, and also share sourced information, opinions, and articles. We are looking for someone to own the execution of our members-only email campaigns (2x per week), marketing campaigns, and social media (Twitter, LinkedIn, Facebook).

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Housing Wire

MAY 6, 2022

Despite rising interest rates and fears of an economic downturn , job growth in the U.S. had another strong month in April. The U.S. jobs report , released Friday, showed that a total of 428,000 nonfarm payroll jobs were added in April. In addition, employment in the construction industry is now 21,000 jobs above its pre-pandemic level after the sector added 2,000 jobs.

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Coldwell Banker

MAY 6, 2022

Nothing says summer like the smell of barbeque in the air. And there’s nothing better than a backyard gathering of friends and family while the hamburgers, brats and ribs are smoking away. Grilling has become both a favorite pastime and a lifestyle for many, and with so many heating and fuel source options, it’s easy […]. The post Grilling Up For Summer appeared first on Coldwell Banker Blue Matter.

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Housing Wire

MAY 6, 2022

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives a small preview of the upcoming Housing Update webinar and what he will be focusing on during the discussion. If you have not registered for the Housing Update webinar that’s set for May 10th, please go here. . As a member of HW+, you get access to 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry.

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The American Genius for Real Estate

MAY 6, 2022

(BUSINESS) Failed transactions can be a tremendous source of learning for any level of real estate professional, so they know what not to do next time. The post 6 learned lessons from failed transactions that may save your next deal appeared first on The American Genius Real Estate.

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Realty Biz

MAY 6, 2022

It’s no secret that the city of Austin, TX has been rapidly ascending in recent years. Texas has seen a huge influx of new residents, and no other Texas metro has seen a bigger population boom than Austin. As a result, last year Austin tallied the 4th largest increase in median sales price and the 7th largest average rent increase out of the top 100 metros in the US.

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Housing Wire

MAY 6, 2022

California-based nonbank mortgage lender Pennymac Financial Services ’ net income dropped more than 50% in the first quarter from the same period in 2021, driven by lower profits from its production segment due to surging mortgage rates and a shrinking origination market. However, the company still reported a pretax net income of $234.5 million in the first quarter, essentially unchanged from the prior quarter.

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BubbleInfo

MAY 6, 2022

Yuma beat out every town in San Diego County? Less expensive cities with strong local economies climbed The Wall Street Journal/Realtor.com Emerging Housing Markets Index in the first quarter, another sign that many home buyers are giving priority to affordability. Fast-rising housing prices have pushed buyers from expensive coastal cities into cheaper housing markets in […].

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Housing Wire

MAY 6, 2022

In an effort to counter margin compression and satisfy a new generation of homebuyers, lenders are looking to offer loan options that better fit the average borrower. HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market. HousingWire: In today’s tight market, margin compression is impacting countless mortgage companies.

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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.

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Sotheby's International Real Estate

MAY 6, 2022

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Harding Township, New Jersey | Anthony Verducci & Susan Parsells, Prominent Properties Sotheby’s International Realty . New York practice Gwathmey Siegel Kaufman renovated the Guggenheim Museum, and you can see the resemblance with this 14,000-square-foot modern showpiece they designed on nearly 16 private acres in Harding Township.

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Eye on Housing

MAY 6, 2022

Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6%. The April’s data indicate that the labor market remained healthy despite surging inflation, tighter financial conditions, and the war in Ukraine. Construction industry employment (both residential and non-residential) totaled 7.6 million and has returned to its February 2020 level.

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RIS Media

MAY 6, 2022

The National Association of REALTORS® (NAR) can put at least one of its commission-related lawsuits in its rearview mirror. The U.S. District Court for Northern Illinois ordered to dismiss the Leeder v. The National Association of Realtors et al. antitrust case on May 2 after more than a year of both sides duking it out in court. “Although other district courts have permitted indirect purchasers to proceed with their injunctive relief claims even when the direct purchasers are seeking the

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Brownstoner

MAY 6, 2022

The city’s roughly 966,000 rent stabilized tenants could face an annual rent increase of up to 6 percent this year, something tenant advocates say would be extremely damaging for the many low income rent stabilized tenants still reeling from the effects of the Covid-19 pandemic. However, landlords say the increase… Read More > The post Rent Stabilized Tenants Likely to Face Rent Hikes of Up to 6 Percent Following Divisive Rent Boards Vote appeared first on Brownstoner.

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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.

Sales

Realty Biz

MAY 6, 2022

If there’s one thing that’s undoubtedly true, it’s that real estate is intensely competitive. Carving out your own niche means using each and every tool at your disposal, and one of the best ways to do so is through search engine optimization. If you’re looking to build your own real estate business, you need to know what SEO for realtors is, how it works, and how you can leverage good SEO for your own success.

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RIS Media

MAY 6, 2022

Knowing how to make a good first impression can take you far, especially when it comes to your career. While great marketing can pique interest, it’s your first impression that will determine whether you’ve found a new client. And making a good first impression is precisely what listing appointments are for. These introductory meetings are your opportunity to build trust, demonstrate expertise, and hopefully land a client that you’re excited to work with.

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Realty Biz

MAY 6, 2022

Home improvement projects have gotten more expensive due to forty-year high inflation and ongoing supply chain problems, but people aren’t giving up. A new survey of 1,000 homeowners by Nationwide shows that while 71% of homeowners who have projects planned are faced with higher costs, limited availability of materials and delays, most will still go ahead with their upgrades.

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RIS Media

MAY 6, 2022

Are you looking for a house to rent? Whether you are moving to a new city or want to shake up your current living situation, our guide will help you land a home you’ll love. You can take a few options when trying to score a rental property. Do it on your own or work with a real estate agent. It’s important to know that not all real estate agents work in the rental end of the business, so you’ll want to find someone interested in rental clients.

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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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Brownstoner

MAY 6, 2022

In the News Brooklyn Man Who Languished in Prison Wins $10.5 Million [NYT] In New York, Every Borough Is a Comic Book Destination [NYT] Jubilant Commuters Celebrate Quiet Reopening of Clark St. Subway [Eagle] 'Jane's Carousel Day' to Commemorate Attraction's 100th Birthday [Eagle] Brooklynites Raise Funds for the 155th Annual Memorial Day Parade [BP] Sunset Park… Read More > The post Daily Links: Brooklyn Heights’ Revamped Clark Street Subway Station Opens appeared first on Brown

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RIS Media

MAY 6, 2022

The National Association of REALTORS® (NAR) has recently completed its long-running “Generational Trends” survey to provide intriguing information on the trends impacting home buyers and sellers by generation. Seeing how different generations approach the home buying process can help real estate agents better serve these clients and tap into these trends.

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Brownstoner

MAY 6, 2022

Our picks for open houses to check out this weekend are found in Brooklyn Heights, Carroll Gardens, Crown Heights and Ocean Hill. They range in price from $1.29 million to $13.75 million. This circa 1870s Anglo Italianate brownstone in the Brooklyn Heights Historic District has a corner location for good… Read More > The post A Carroll Gardens Brownstone With Fancy Plaster and Three More to See, Starting at $1.29 Million appeared first on Brownstoner.

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RIS Media

MAY 6, 2022

While rising interest rates are posing a risk to economic growth, NAR Chief Economist Lawrence Yun expects the commercial market to perform well despite the headwinds, especially in the short term. During the 2022 REALTORS ® Legislative Meetings’ Commercial Economic Issues and Trends Forum , Yun explained that while the commercial market generally follows the overall economy, some things are different this time.

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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

Notorious ROB

MAY 6, 2022

Inman has the story : The 1.5 million members of the National Association of Realtors will see a $10 increase in their yearly bill from the trade group next year for its consumer advertising campaign. The trade group’s special assessment for the ad campaign started as $15 in 1999, went to $20 in 2002, $30 in 2007 and $35 in 2009, remaining unchanged since then. … “With escalating media costs paired with emerging media channels, and an increasingly crowded real estate category, the commit

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RIS Media

MAY 6, 2022

Online loan marketplace LendingTree saw its stock jump after it defied headwinds to meet projections in its Q1 earnings report yesterday, even as the broader refinance and mortgage markets have been weighed down by inflation and rising interest rates. With consolidated revenue of $283.2 million, a $10.8 million net loss and a 33% year-over-year decrease in its mortgage segment, LendingTree definitely was hit by the crunch in mortgage rates and home inventory, with CEO and chair Doug Lebda specif

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Notorious ROB

MAY 6, 2022

[NOTE: I am long OPEN, and have been for a while as the self-proclaimed Biggest Bull on Market Making iBuying in the World.]. I’m working on a far more in-depth look at Opendoor’s amazing Q1 results. But I had to get this off my chest. Opendoor’s stock performance is proof that Wall Street simply doesn’t understand American residential real estate and how it works and doesn’t work.

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RIS Media

MAY 6, 2022

On a mixed Q1 earnings call where his company beat revenue targets while also seeing its net losses continuing to grow, and in the shadow of a recently settled lawsuit related to alleged fair housing violations, Redfin CEO Glenn Kelman was fired up yesterday. He pushed back against critics and defended his company’s practices, despite a $4 million payment over accusation its policies excluded non-white communites.

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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

McKissock

MAY 6, 2022

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. It requires more work, so you want to be sure that you are charging for your effort. However, perhaps more than that, you want to be sure you’re following the proper protocol.

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RIS Media

MAY 6, 2022

The first three months of 2022 proved fortuitous for two of iBuying’s most prominent players, Opendoor and Offerpad, as both companies capped the first quarter with milestone performances. The most noteworthy news came out of Opendoor’s camp as the California-based company achieved profitability after earning $5.2 billion during the quarter—a 590% increase from the same period last year.

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Toronto Realty Blog

MAY 6, 2022

TorontoRealtyBlog. What’s that? You want to reminisce? Sure! I’m good at that… It was September of 1998 and I was in first-year university. I got my music at that time from C.D.’s. I hadn’t used a cassette in quite some time. Earlier that year, a lot of people had discovered how to purchase a C.D. from a music store, take it home, copy the files onto their computer, and then return the C.D.

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RIS Media

MAY 6, 2022

More than 500 of real estate’s most influential leaders will be gathering in the nation’s capital this September 6-8 for RISMedia’s 33rd annual CEO & Leadership Exchange, taking place at the famed Mayflower Hotel in Washington, D.C. The time-honored event convenes the industry’s best minds to collectively chart a successful path forward, more important than ever in today’s volatile landscape.

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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.

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