Keeping Current Matters

JULY 21, 2022

Over the last two years, the rate of home prices appreciated at a dramatic pace.

Marketing 297

Marketing 297

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The retail housing market data, released by Redfin at the end of June, shows the median asking price for newly listed homes for sale in the four weeks ending June 26 dropped 1.5% from an all-time high in the previous month even while a record share of all homes for sale saw price drops.

Marketing 435

Marketing Investor Renovation Sales 435

Brownstoner

JULY 21, 2022

Well, that was fast. After pausing for a Department of Buildings inspection this morning, workers got the go-ahead to reenter the site and resume demolition at 1 p.m. [link]. By 4 p.m., the excavator was back at work chomping on the brick. Demolition often takes two or three days. Not this… Read More > The post Bed Stuy’s Beloved Dangler Mansion Is Gone (Video) appeared first on Brownstoner.

Inspection 145

Inspection Development 145

Housing Wire

JULY 21, 2022

Home listings grew, credit scores improved and tappable home equity increased in the second quarter of 2022 from the first quarter. Those the three areas represent an opportunity for lenders grappling with a deeply challenging mortgage market, Sales Boomerang said in its second quarter mortgage opportunities report. Sales Boomerang reviewed data from more than 170 residential mortgage lenders that use its platform to monitor millions of customer and prospect records.

Mortgages 418

Mortgages Marketing Equity Loans 418

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Development

Sotheby's International Real Estate

JULY 21, 2022

Being close to nature is both a pleasure and a privilege. At a time when environmental protection, ecological stewardship, and sustainable living are top-of-mind for so many, perhaps the most covetable lifestyle of all is one that embraces the earth and its wonders. It’s this type of lifestyle that sets the affluent, radiant Crystal Cove village apart from the rest of Newport Beach on the coast of California.

Design 131

Design Closing 131

Housing Wire

JULY 21, 2022

Purchase mortgage rates increased for the second consecutive week but at a slower pace as the market chewed on the latest U.S. inflation data, the expectation of a tightening Federal Reserve ’s monetary policy, and its economic impacts. . After jumping 20 basis points last week to 5.50% , purchase mortgage rates increased this week to 5.54%, according to the latest PMMS survey from Freddie Mac.

Mortgages 418

Mortgages Fixed-rate mortgage Loans Marketing 418

Housing Wire

JULY 21, 2022

Recent pleadings filed in the bankruptcy case of First Guaranty Mortgage Corp. (FGMC) show the lender left its warehouse lenders holding the bag for a mound of debt. FGMC and its affiliate, Maverick II Holdings LLC , on June 30 filed to reorganize under Chapter 11 bankruptcy protection. Pleadings filed in the case — now pending in U.S. Bankruptcy Court in Delaware — show the lender owes more than $400 million to four warehouse lenders, which include Customers Bank, Flagstar Bank, Texas Capital B

Bankruptcy 418

Bankruptcy Banks Pre-approval Principal 418

Eye on Housing

JULY 21, 2022

The 2021 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 8.2 months, which typically includes a little over a month from authorization to start and another 7.1 months to finish the construction. Moreover, it took approximately 12 days more in 2021 than in 2020, as supply-side challenges persisted.

Construction 124

Construction As-is 124

Housing Wire

JULY 21, 2022

If the last few housing cycles have proved anything in the industry, it’s that it is essential for marketing leaders to be agile. But what does that agility look like in action? And taking that question a step further, how do marketing leaders make sure they’re creating solutions that are resonating with their target audience. Part strategist and part storyteller, Tamsen Webster’s methods and ideas are here to reinvent the way companies market to their clients, which is why HousingWi

Marketing 418

Marketing As-is Industrial 418

Realty Biz

JULY 21, 2022

Builders fear that demand for new homes could be on the wane. As a result, they’re taking their foot off the gas in terms of production, wary that too many prospective buyers have been priced out of the market by rising costs. In June, single-family home construction fell to its lowest level since April 2020, when the pandemic was just getting started, the Census Bureau reported this week.

Construction 117

Construction New Construction Staging Finance 117

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

JULY 21, 2022

Title insurance provider Doma has appointed Mike Smith as its chief financial officer, according to a Thursday announcement. Before he was named CFO on Tuesday, Smith had served as Doma’s chief accounting officer and acting CFO. “The promotion of Mike to chief financial officer is a testament to his financial leadership and extensive experience at the company, and beyond,” said Doma CEO Max Simkoff, according to the announcement.

Title 397

Title Land As-is Marketing 397

Brownstoner

JULY 21, 2022

The Kings County Supreme Court has dismissed a lawsuit that sought to overturn the Gowanus rezoning, citing a technical error with the suit and holes in the petitioners’ arguments. Community groups Voice of Gowanus and Friends and Residents of Greater Gowanus, along with a number of private citizens of the neighborhood,… Read More > The post Brooklyn Judge Dismisses Gowanus Rezoning Lawsuit, Activists File Appeal appeared first on Brownstoner.

Development 111

Development 111

Real Trends

JULY 21, 2022

The cooling housing market is offering some much needed relief to frustrated homebuyers. In June, 49.9% of offers written by Redfin agents faced competition on a seasonally-adjusted basis, down from 57.3% in May and 65% a year ago, according to a new report from the brokerage. This was the fifth consecutive month of declines in the bidding war rate.

Brokerage 108

Brokerage Agents Mortgages Marketing 108

Brownstoner

JULY 21, 2022

Lafayette Grocery and Dairy has closed its doors after years serving bagels, sandwiches and wraps to its Fort Greene and Clinton Hill neighbors. The store at at 133 Lafayette Avenue lost its lease and was evicted by the city marshal on July 8. A local alerted Brownstoner to the landmarked bodega's… Read More > The post Fort Greene Landmark Lafayette Grocery and Dairy Shuts Up Shop appeared first on Brownstoner.

Closing 105

Closing 105

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Brokerage

Real Trends

JULY 21, 2022

Everywhere you turn, you read about housing shifting back toward a buyer’s market. From Insider’s “ 3 signs the housing market is slowing down ,” to US News and World Report’s , “ Is Housing the Next Shoe to Drop for the Economy? Homebuilder Confidence Plunges in July ,” you’re left to believe that the record-setting growth in home prices we’ve seen over the last few years is coming to an end. .

Marketing 89

Marketing Pre-approval Equity Mortgages 89

Brownstoner

JULY 21, 2022

Before the comprehensive renovation of this 81-foot-long apartment, one could easily have gotten 10,000 steps a day just walking back and forth down the lengthy hallway connecting the kitchen at one end with the living room at the other. When a couple with young children went to contract on the apartment… Read More > The post The Insider: Reimagined Layout Improves Flow of Long Park Slope Prewar for Young Family appeared first on Brownstoner.

Renovation 105

Renovation 105

Realty Biz

JULY 21, 2022

Engel & Völkers today announced the launch of its newest yachting location in the Americas, located in Annapolis, MD, and led by license partner Paul Benson, president and managing broker Walter Johnson and chief operating officer Leeann Iacino. Serving the Eastern Seaboard, this is the brand’s second yachting location on the East Coast and the fourth in the Americas, joining existing operations in Naples, FL, Newport Beach, CA and Tiburon, CA. .

Branding 87

Branding Staging Brokerage As-is 87

Brownstoner

JULY 21, 2022

Whole houses in the landmarked section of Prospect Lefferts Gardens don't come up for rent all that often. Here's one that's available for $6,500 a month -- without, presumably, the maintenance headaches of ownership. Designed by architect Benjamin Driesler, the circa 1910 limestone row house at 209 Midwood Street has… Read More > The post Limestone in PLG Landmark District With Mantel, Built-ins, Garden Wants $6,500 a Month appeared first on Brownstoner.

Design 98

Design Marketing 98

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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.

Agents

Realty Biz

JULY 21, 2022

Buying a home is one of the most significant purchases people can make in their lives. With homes appreciating in value over time, buying a house is a solid investment. It’s such a solid investment that owning multiple properties can actually help increase wealth over time. Building a real estate portfolio involves more than buying and sitting on property, waiting for it to appreciate.

Equity 86

Equity Principal Mortgages Closing costs 86

Brownstoner

JULY 21, 2022

Wraparound double-height windows fill this spacious Greenwood Heights triplex penthouse condo with light and views. The open concept kitchen-living space features 14-foot-high floor-to-ceiling windows on two exposures. Sliding glass doors open onto a terrace with space for lounging and views of Brooklyn, New York Harbor and the Manhattan skyline. Located at… Read More > The post Greenwood Heights Triplex Penthouse Condo With Terraces, Views Asks $1.795 Million appeared first on Brownst

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98

Realty Biz

JULY 21, 2022

AI-powered property risk analytics platform provider Zesty.ai has raised $33 million in a Series B round of funding led by Centana Growth Partners, it said this week. The company said the funds will be used to scope expansion of its property and climate risk products, to scale its go-to-market motion and to build real estate solutions designed for mortgage, property and asset management.

Inspection 84

Inspection Equity Technology Investor 84

BubbleInfo

JULY 21, 2022

The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. In the recent years prior to the pandemic, the actives/pendings in Rancho Santa Fe ran at a 10:1 pace. Nobody is in a hurry there, they don’t have to sell, […].

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82

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Agents

Tom Ferry

JULY 21, 2022

We’ve all been there… We’re rocketing forward, accomplishing our goals, and then all of a sudden, it’s like we’ve run out of gas and nothing can get us going again. Burnout. Fatigue. Exhaustion… It’s easy to feel this way when you’ve been going full speed ahead for two full years. The hot market meant you […]. The post 5 Tips to Beat the Q3 Fatigue and Get Your Groove Back appeared first on Tom Ferry.

Marketing 80

Marketing Agents 80

Realty Biz

JULY 21, 2022

Long-tail keywords are the perfect way to find exactly what clients are looking for when searching for homes because they allow more specific results that would otherwise be missed. Rather than having to look at hundreds of real estate listings from different websites, long tail keywords hone in on exactly what the clients want—including price range, number of bedrooms and bathrooms, etc.

As-is 79

As-is Agents Marketing Design 79

Redfin

JULY 21, 2022

The pandemic ushered in a new era of remote work, and as a result, more and more people are no longer tied to an office. With the prospect of living in the city of your dreams becoming that much more attainable, you may have done your research and narrowed down the cities you plan on scoping out. But before you make a snap decision and pack up for the road, did you know that some cities and states have created incentive programs for relocation?

Loans 76

Loans Sales Land As-is 76

The American Genius for Real Estate

JULY 21, 2022

The Google Nest Hub Max rolled out features to end the dreaded "Ok Google" wake phrase, but at what cost? Only privacy and security, that's all. The post Google Nest Hub Max updates are the creepiest, riskiest, yet appeared first on The American Genius Real Estate.

Technology 59

Technology 59

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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

Redfin

JULY 21, 2022

Regarded as “The City of Brotherly Love,” Philadelphia, PA is best known for its rich history, world-famous cheesesteaks, and vibrant art and music culture. While there are many famous attractions to check out like the Liberty Bell, Independence Hall, and the LOVE statue, there are also many lesser-known hidden gems that only a local would know about.

Banks 66

Banks As-is Land Marketing 66

Brownstoner

JULY 21, 2022

In the News A Home for Taiwanese Food, Lard and All, at Greenpoint's Wenwen [NYT] Albert Vann, Who Built a Black Power Base in Brooklyn, Dies at 87 [NYT] Bone Collector Opens Bushwick Museum: 100 Human Skulls, Skeletons [NYP] Eric Adams Says NYC ‘May Not Have Central Business Districts Anymore’ [NYP] Developer Allegedly Vanished With… Read More > The post Daily Links: Immigrant Families Lost Millions in Alleged Developer Scam, Face Eviction in Bay Ridge appeared first on Brownstoner.

Development 105

Development 105

Redfin

JULY 21, 2022

Whether it’s a friend working in the tech industry or an aunt or uncle looking for warmer weather and fewer wildfires, there’s a good chance that you know someone who’s thinking about moving to Texas. There’s no doubt that Texas has become a relocation hot spot these last few years, attracting all kinds of people. In fact, between 2010 and 2020, Texas’ population grew by nearly 4 million people, almost half of which were people migrating to Texas from another state or abroad.

Sales 66

Sales As-is Industrial Land 66

Real Trends

JULY 21, 2022

“Without a love letter, we wouldn’t have been able to find a home as newlyweds because we both are independent contractors.”. “They were able to win the bidding war because they wrote a letter to the seller sharing how much buying this home would mean to their three-generational, Latino family.”. Those are two direct quotes from a recent fair housing course I taught.

Marketing 81

Marketing Closing Land As-is 81

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