Realty Biz
JUNE 30, 2022
Some people call it buying the worst house in the best neighborhood, but most nice neighborhoods work just fine – especially when houses to choose from are scarce. But either way, this equity-building strategy isn’t for the faint of heart. Back Door Entry to a Ritzy Area. The theory is that lower-priced homes in upscale neighborhoods will appreciate at a higher percentage than all the other houses in the neighborhood.
Housing Wire
JUNE 30, 2022
Less than a week after laying off hundreds of workers and refusing new mortgage applications, First Guaranty Mortgage Corp. (FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection late Wednesday. . “While we have made considerable efforts to address our ongoing financial challenges related to the state of the mortgage market, we ultimately must do what is best for our borrowers and consumers,” Aaron Samples, chief executive officer of FGMC, said in a
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Keeping Current Matters
JUNE 30, 2022
It can be tempting, especially with how hot the housing market has been over the past two years, to consider selling your home on your own.
Housing Wire
JUNE 30, 2022
First Guaranty Mortgage Corp. (FGMC) and its holding company, Maverick II Holdings LLC, filed for Chapter 11 bankruptcy protection Thursday, June 30, leaving one of the country’s major warehouse lenders as its largest unsecured creditor, according to court filings. Pennsylvania-based Customers Bank , which has warehouse lending operations located in Hamilton, New Jersey, is listed as the largest unsecured creditor in the FGMC Chapter 11 case — with a claim of $25 million, court pleadings show.
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
Coldwell Banker
JUNE 30, 2022
Have an extra room that’s just taking up space? Lucky you! Put your creativity to work and transform it into the “play” place you’ve always wanted. Here are just a few suggestions for using that unused area. Rock Out Let the rock-n-roll in you rip loose in a room designed to be your very own […]. The post Out-of-the-Box Spare Room Ideas appeared first on Coldwell Banker Blue Matter.
Housing Wire
JUNE 30, 2022
This week’s HW+ member spotlight features Budge Huskey, president and CEO at Premier Sotheby’s International Realty. He also serves as vice chairman of Peerage Realty Partners and has previously held executive roles at Coldwell Banker Real Estate. Below, Huskey answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why?
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JUNE 30, 2022
Stake , a financial tech company that provides cash back and banking services to renters , raised $12 million in Series A funding to build out its platform and suite of solutions for renters and property owners. The financing round was led by real estate technology investment firm RET Ventures and also included participation from Enterprise Community Partners , Hometeam Ventures , and Second Century Ventures , the investment arm of the National Association of Realtors , Stake said Monday. “
Easy Agent Pro
JUNE 30, 2022
Rising interest rates for home buyers make buyers, sellers, and agents a bit more cautious. Earlier this month, the Federal Reserve increased its benchmark interest rate by ¾ of a percent, making it the largest hike since 1994. This increase is the third example of rising interest rates that has been enacted in 2022. Combined high interest rates with high inflation has mortgage rates on the rise. .
Housing Wire
JUNE 30, 2022
Purchase mortgage rates this week dropped 11 basis points to 5.70% , according to the latest Freddie Mac PMMS Index , ending a two-week climb following the Federal Reserve ’s rate hike earlier this month. A year ago at this time, 30-year fixed rate purchase rates were at 2.98%. The PMMS, a government-sponsored enterprise index, accounts solely for purchase mortgages reported by lenders during the past three days.
Tom Ferry
JUNE 30, 2022
One of the most challenging aspects of being an independent real estate professional is being in control of your own time. For example, do you ever feel like you: Don’t know what to do first thing in the morning? Are overwhelmed and buried in paperwork? Spend too much time waiting for the phone to ring? […]. The post 8 Tips for Controlling Your Life with Calendar Time Blocking appeared first on Tom Ferry.
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.
Housing Wire
JUNE 30, 2022
As mortgage rates rise and home price appreciation continues , employees in the housing industry are hard at work preparing for shifting market conditions. Rising mortgage rates have affected the entire industry, including in the title insurance sphere, with refinance volumes dropping nearly 60% for some companies during the first quarter of 2022 — and things are only expected to get worse when we get the Q2 numbers, as interest rates are now at the highest level in years.
HomeLight
JUNE 30, 2022
When you prepare your home for sale, it’s important to be able to detach from the house emotionally, so you can understand what buyers are looking for, and what their potential concerns may be. We consulted with experts and researched market conditions, buyer trends, and step-by-step guides to compile every touchpoint covered in this checklist on how to prepare your home for sale.
Housing Wire
JUNE 30, 2022
An increasingly digitized world has given way to new solutions that are making business easier for everyone, mortgage lenders included. HousingWire recently spoke with Sue Woodard, senior advisor to Total Expert , about the ways lenders can measure the effectiveness of their fintech solutions and what they can do to keep pace with the digital mortgage revolution.
HomeLight
JUNE 30, 2022
Deep cleaning a house for sale sets the stage for professional-quality photos and effective staging that enables buyers to visualize a property as their future home, according to 82% of buyers agents surveyed for the 2021 Profile of Home Staging published by the National Association of Realtors®. Moreover, a clean house gets your listing buyer-ready for successful showings.
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Housing Wire
JUNE 30, 2022
Facing a housing market in transition, mortgage lenders are striving to provide funding access to a growing population of non-traditional borrowers. As these borrowers begin to comprise a significant part of overall housing demand, brokers and LOs want to partner with wholesale lenders who understand how to serve this emerging customer base. With demand for alternative lending expected to increase, Champions Funding empowers their broker partners to service diverse borrower needs by providing so
HomeLight
JUNE 30, 2022
For many people, changing life circumstances may mean it makes sense to downsize their home. Sometimes family dynamics change, and there’s no need to have four bedrooms, two and a half bathrooms, and a huge backyard. Sometimes, it’s all a matter of finances and affordability. At the same time, stuff accumulates over time to fill the available space.
Housing Wire
JUNE 30, 2022
The housing market has undergone a significant transformation over the past two years. While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. With 35 years of experience in the mortgage business, Flagstar has reputation for successfully navigating the ebb and flow of an ever-changing housing market.
HomeLight
JUNE 30, 2022
The trend of “ workcationing ” has changed the landscape for Airbnb travel. With the flexibility of remote work, long-term stays have increased 50% since 2019 , according to Airbnb data. Airbnb owners are busier than ever in 2022 and vacationers are paying for relaxation and adventure in popular and remote destinations with unique lodging options. With attractive opportunities to make money owning an Airbnb or similar property, current owners looking to get out of the short-term rental game may
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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.
Housing Wire
JUNE 30, 2022
Refinance volume was projected to fall after last year’s record-breaking boom, and this year’s rising mortgage rates have further pronounced the downward trend in volume. In light of this, brokers are compelled to find new areas of opportunity, such as expanding their product offerings. When venturing into the world of non-QM and other specialty lending options, it’s important to partner with experts in the field who can provide reliable training, support and solutions.
HomeLight
JUNE 30, 2022
If you’re looking to sell a condo, you might be wondering how long it’ll be on the market before it sells, compared to a single-family detached home. Aaron Tobias , a top real estate agent specializing in condo sales in Columbus, Ohio , says not to worry — condos appeal to a specific group of people: buyers who like perks. “When dealing with a condo, you’re dealing with a buyer who wants completely maintenance-free living, not just on the outside but on the inside,” he says.
Housing Wire
JUNE 30, 2022
Intuitive technologies developed and built by experts in both mortgages and technology can drive efficiency, reliability and profitability when paired with exceptional customer service. To further catapult wholesale channel growth, United Wholesale Mortgage (UWM) remains committed to developing proprietary technology and amplifying state-of-the-art training programs for mortgage brokers across the country.
Real Trends
JUNE 30, 2022
The number of active listings rose 18.7% year over year in June, according to Realtor.com’s Monthly Housing Trend Report, released Thursday. The increase represents the fastest yearly pace ever recorded by Realtor.com. Despite the increase, the number of active listings remains 53.2% below its June 2019 level. Active inventory increased year over year in 40 of the 50 largest U.S. metros with Austin, Texas experiencing the largest annual increase at 144.5%, followed by Phoenix at 113.2% and Ralei
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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.
Housing Wire
JUNE 30, 2022
Brena Nath, Director of HW+ and Events. Last September, I ran into Dalila Ramos, who now is founder of Love and Tacos Media , but at the time, she served as vice president of diversity and growth at Equity Prime Mortgage. I was getting ready to lead a panel on minority homeownership for our own conference — HousingWire Annual — and was asking leaders in minority homeownership for their input on the topic.
The Close
JUNE 30, 2022
Referrals are the most important lead source for every successful real estate agent. Why? Quality real estate referrals have a closing ratio of upward of 50 to 70% compared to just 10 to 30% for a typical online lead. Many agents tell us that while they want to build a scaling business supported by referrals, they also want to serve their communities, support small businesses, and become a visible, reliable expert for the markets they serve. .
The Mortgage Report
JUNE 30, 2022
A home equity investment could help you tap your home's cash value without refinancing. Learn more about equity sharing agreements here.
Brownstoner
JUNE 30, 2022
… Read More > The post 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.
The Mortgage Report
JUNE 30, 2022
Today’s mortgage and refinance rates Average mortgage rates fell moderately yesterday. But the drop was roughly a quarter of the overall rise over the previous three business days. So, it […].
Brownstoner
JUNE 30, 2022
In the News A Brooklyn Food Crawl That’s Powered by the Australian Crawl [NYT] New York Files Lawsuits Against a Flood of ‘Ghost Guns’ [NYT] How Brooklyn Artist Steve Keene Became So Prolific [Gothamist] Experts Discuss Brooklyn’s Journey to Embracing Renewable Energy [BKP] Crumbling Clinton Hill Building Suffers Collapse, Officials Say [Patch] Park Church Activists Plan… Read More > The post Daily Links: Vandal Breaks Tombstones in 18th Century Graveyard at Flatbush Dutch Church appea
HomeLight
JUNE 30, 2022
You’re excited to buy your first house. It is one of the biggest decisions you will ever make, and you want everything to go just right. You’re nervous — but at the same time — you’re already imagining yourself kicking back on your wraparound deck with an ice-cold beverage, showing off your new place to friends and family. Buying a home is a huge accomplishment and a goal for many Americans — In fact, 65.4% of Americans are homeowners as of April 2022.
Brownstoner
JUNE 30, 2022
It's an unusual developer who gives architects and designers the time and freedom to develop and execute a nuanced, soulful, one-of-a-kind program for the renovation of an investment property. Yet that is exactly what happened when Bretaigne Walliser and Thom Dalmas of the design studio TBo were called on to… Read More > The post The Insider: Inventive Rethinking of Bed Stuy Townhouse Pulls Together Old and New appeared first on Brownstoner.
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