Thu.Feb 24, 2022

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Flipping Real Estate Fast: Tips to Take Your Property From Dump to Palace

Realty Biz

If you’re looking to get into real estate, you have some competition. The real estate market is currently experiencing an unprecedented boom, with housing prices rising 18.4 percent around last October ; this is despite the fact that recent studies have shown that only 11% of Americans decided to move during the pandemic. When looking at the disparity between those two numbers, you might not wonder why experts were initially concerned that the boom was a bubble.

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Ukraine conflict could lead to lower mortgage rates in short-term

Housing Wire

Stocks fell Thursday as Russian troops launched a full-scale attack in Ukraine, and at least in the short-term, the turmoil could lower mortgage rates in the U.S. During large-scale disruptions, investors often flee to safer options, such as U.S. Treasury notes, bonds and mortgage-backed securities. All things being equal, that dynamic tends to put downward pressure on mortgage rates.

Mortgages 469
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The #1 Reason To Sell Your House Today

Keeping Current Matters

Almost every industry is currently struggling with supply chain disruptions.

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Opendoor loses more money than Zillow in 2021

Housing Wire

Zillow has been pilloried for diving headfirst into iBuying only to announce the money-losing enterprise’s demise in November. Meanwhile, Opendoor , the OG of an iBuying company with a national presence and patina of technological prowess, was upheld as doing things right. “If you read our SPAC filings,” Opendoor co-founder Keith Rabois, who is no longer part of company leadership, tweeted in November , “We explained how our algorithms actually work vs.

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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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Pack Your Bags: We’re Moving To Calgary!

Toronto Realty Blog

TorontoRealtyBlog. What’s the best film trilogy of all time? Many of you are going to say Lord of The Rings , and that’s fair, although I consider that to be the same movie divided into three. And that’s unfair of me to say, since I only saw the first film (and didn’t like it), and I also don’t support the “fantasy” genre.

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Fidelity joins “Big Four” counterparts in reporting record-breaking year?

Housing Wire

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. On its fourth quarter earnings call with investors, Fidelity National Financial announced that its adjusted full-year net earnings came in at $2.3 billion for 2021, a 49% increase over a year prior. The firm attributed this impressive increase to its title sector’s strong performance.

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Big MSR sale keeps Homepoint in the black in Q4

Housing Wire

Home Point Capital CEO Willie Newman. Home Point Capital , the parent company of wholesale lender Homepoint , turned a $19.3 million profit in the fourth quarter, a sequential decline from the $71 million it notched in the third quarter as margins dropped and revenues fell. The lender told investors Thursday morning that the gain-on-sale margin fell to just 59 basis points, a decline from 84 bps in Q3 and 216 bps in Q4 2020.

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How real estate agents are getting around the Do Not Call list

The American Genius for Real Estate

(MARKETING) Getting in touch with potential clients is the difference between sinking or swimming, so how does one get around the Do Not Call list!? The post How real estate agents are getting around the Do Not Call list appeared first on The American Genius Real Estate.

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Here’s how home price appreciation impacts taxes – And what that means for servicers

Housing Wire

HousingWire recently spoke with LERETA CEO John Walsh about what servicers should be doing to anticipate tax issues this year and how LERETA balances technology and human expertise. HousingWire: Taxes are never a very popular subject with consumers, and you think this is going to be even more unpopular this year. Why is that, John, and what should servicers be doing to anticipate issues?

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War and The Frenzy

BubbleInfo

Will the Ukraine war have an impact the real estate frenzy? It’s likely to have the same effect as rising mortgage rates – it will make buyers want to hurry up and buy something so they can hunker down. But the less-motivated buyers have to be getting to the point where they are looking for […].

Mortgages 105
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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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Just before Ukraine invasion, mortgage rates fall to 3.89%

Housing Wire

The average 30-year-fixed mortgage rate averaged 3.89% for the week ending Feb. 24, down three basis points from the prior week, according to Freddie Mac ‘s latest mortgage survey. “Even with this week’s decline, mortgage rates have increased more than a full percent over the last six months,” said Sam Khater, Freddie Mac’s chief economist. “Overall economic growth remains strong, but rising inflation is already impacting consumer sentiment, which has markedly declined in recent months.

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Hidden Costs, Buyer’s Remorse: The True Cost of Homeownership

RIS Media

For many Americans, homeownership conjures thoughts of comfort and financial security. But that optimism can evaporate if a first-time home buyer isn’t prepared for unexpected costs. Among 1,000 homeowners recently surveyed by Clever Real Estate in its “Hidden Costs, Buyer’s Remorse: The True Cost of Homeownership” report, 52% admit the true cost of owning a home surprised them.

Mortgages 103
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Rhode Island First-Time Home Buyer: 2022 Programs and Grants

The Mortgage Report

Everything you should know about being a Rhode Island first-time home buyer: loan options, grants, and first-time home buyer programs.

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Staying Ahead of the Curve

RIS Media

David Medley. Broker/Owner. Better Homes and Gardens Real Estate Medley. Columbia, South Carolina |. www.bhgre.com/Better-Homes-and-Gardens-Real-Estate-Medley-50393c/David-Medley-7507043a. Region served: Upstate and the Midlands of South Carolina. Years in real estate: 14. Number of offices: 2. Number of agents: 43. Having previously operated your brokerage as an independent firm, how did you end up joining Better Homes and Gardens Real Estate (BHGRE)?

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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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7 Skills to Successfully Break Into Luxury Real Estate

Tom Ferry

So you want to get into luxury real estate, huh? Bigger rewards come with bigger pressures… higher standards, less margin for error, and an even greater commitment to yourself and your clients. And if you want to succeed in luxury, you’re going to need to bring some new or enhanced skills to the table. So […]. The post 7 Skills to Successfully Break Into Luxury Real Estate appeared first on Tom Ferry.

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Mortgage Applications Decrease in Latest MBA Weekly Survey

RIS Media

Mortgage applications decreased 13.1 % from a week ago , according to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 18, 2022. Key findings: While the1% decrease is seasonally adjusted from one week earlier, the unadjusted index decreased 11% compared with the previous week.

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How to Set Career Goals as a Real Estate Agent

Ryan Serhant

What goals do you have for your real estate career ? Not sure? Setting goals for what you want to accomplish early on in your real estate career can make the difference between success and failure. Don’t worry though. It’s never too late to set a goal! Working hard without a purpose is exhausting and can lead to burnout. It’s really hard to reach a goal without a plan.

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Weichert Real Estate President, COO Named an RISMedia Real Estate Newsmaker for Fourth Straight Year

RIS Media

Weichert Real Estate Affiliates, Inc. has announced that President and Chief Operating Officer Bill Scavone has been named to the “2022 Real Estate Newsmakers” list by RISMedia for the fourth straight year. The group of Newsmakers includes the most influential leaders in real estate who have made headlines due to their newsworthy contributions to the industry and their efforts to positively affect the customers and communities they serve.

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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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Mortgage and refinance rates today, Feb. 24, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. And they reached their highest point in 33 months. But, starting today, we may see some falls. Because, so […].

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Greater Toronto Area Sees 450% Home Price Growth

RIS Media

Between 1996 and 2021, more than two million homes sold in the GTA, representing a dollar volume in excess of $1.1 trillion. Average price has soared over the 25-year period, rising close to 453%, from $198,150 in 1996 to $1,095,475 in 2021, at a compound annual growth rate of 7.08%. Statistics Canada reports the Toronto CMA reached 6,202,225 in 2021, an increase of 45% over the 1996 Census figure of 4,263,759.

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Coldwell Banker Around the World: February 2022

Coldwell Banker

A picturesque gem, surrounded by Gallo-Roman walls and towers (dating from the late 3rd Century CE), offering historic secrets and charms that many are not aware of? Welcome to Le Mans! You, too, could experience this real-life movie set and take in the unique history among the city walls. The post Coldwell Banker Around the World: February 2022 appeared first on Coldwell Banker Blue Matter.

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Window to the Law: Vaccine Policies for Real Estate

RIS Media

Editor’s Note: This is part of a monthly video series from the National Association of REALTORS ® to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily News. Vaccine mandates are making headlines, but how do vaccine policies apply to real estate brokerages? Watch the latest Window to the Law video from NAR to get tips and best practices to consider when providing real estate services in light of the ongoing

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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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Dainty Park Slope Two-Bedroom With Bay Window, Herringbone, Bracketed Arch Asks $3,500

Brownstoner

This petite but undeniably cute two-bedroom, one-bath rental occupies the front half of the second floor of a four-story 1886 Neo-Grec mixed-use corner building overlooking 7th Avenue in the Park Slope Historic District. At 160 Berkeley Place, it's perched above an Ideal Properties real estate office about two blocks from… Read More > The post Dainty Park Slope Two-Bedroom With Bay Window, Herringbone, Bracketed Arch Asks $3,500 appeared first on Brownstoner.

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Becoming Agents of Change to Combat Bias in Real Estate

RIS Media

While the terms “bias” and “discrimination” tend to evoke mixed emotions among real estate professionals, they’re also two challenges that industry leaders are working to overcome. One way to accomplish this goal is through accountability, culture change and training, says Bryan Greene, vice president, policy advocacy at the National Association of REALTORS® (NAR).

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Multifamily Construction Sentiment Ends 2021 on a Positive Note

Eye on Housing

Confidence in the market for new multifamily housing improved in the fourth quarter of 2021, according to the latest results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two main indices. In the fourth quarter, the Multifamily Production Index (MPI) increased one point to 54 from the previous quarter while Multifamily Occupancy Index (MOI) decreased six points to 69.

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Residential Remodeling Costs Rise in Metro Areas

RIS Media

Homeowners should expect to reach deeper into their wallets if they want to update their homes this year, according to projections by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Home improvement expenditures will be increasing in most of the largest U.S. metropolitan areas throughout 2022. A rise in home improvement spending of 13.8% is projected across 48 metropolitan areas, while owner expenditures are expected to grow between 7.6% and 23%.

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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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Kick Off Women’s History Month With an Online Discussion About Transit Pioneers

Brownstoner

The New York Transit Museum is delving into the stories of the women who blazed a trail in the city system as transit workers, operators and officers. You can join the free online discussion about the fight for equal access to jobs, debates over gender-segregated cars and more on Tuesday,… Read More > The post Kick Off Women’s History Month With an Online Discussion About Transit Pioneers appeared first on Brownstoner.

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Top 10 States With Highest Proportion of Single-Person Homes

RIS Media

Single-person households range from widowers to divorcees to young professionals. And likewise, the concentration of their locations also varies. A study conducted by Aging In Place discovered which states struggle the most with loneliness. The data also reveal the states that are home to the highest proportion of single-person households. State breakdown: District of Columbia : Population: 714,153.

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A First-Time Buyer Competes and Wins in Houston with HomeLight Cash Offer

HomeLight

First-time homebuyer Cat Urso had a short list of requirements for her new home. She knew she wanted three bedrooms and a central location in Houston, but otherwise, Urso trusted that she’d know “the one” when she saw it. “With Cat, it was all about the energy,” says her real estate agent, Ryan Holliday. Sure enough, after about a month of searching, Urso knew she found what she’d been looking for as soon as she walked through the door.

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Home Renovations That Most Increase Home Value

RIS Media

While the primary value of renovating your home should be increasing your family’s pleasure and comfort, there is no question that some renovations increase the value of a home more than others. . In today’s pandemic-driven environment, with most people spending more time at home, office space and flexible entertainment or recreational spaces are highly prized by home shoppers, with updated kitchens and baths still among the most-sought amenities.

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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.