Housing Wire

NOVEMBER 30, 2021

The Federal Housing Finance Agency (FHFA) today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200. Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam, and the U.S.

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Mortgages Loans Finance Industrial 535

Keeping Current Matters

NOVEMBER 30, 2021

There’s no denying the financial benefits of homeownership, but what’s often overlooked are the feelings of gratitude, security, pride, and comfort we get from owning a home. This year, those emotions are stronger than ever. We’ve lived through a time that has truly changed our needs and who we are, and as a result, homeownership has a whole new meaning for many of us.

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As-is 241

Housing Wire

NOVEMBER 30, 2021

It’s?coming to the?end of the year,?and?real estate?market experts are rolling out?all of?their predictions.?Home prices?are expected to?rise? another 16%. At the same time, rising home prices? will slow down from what we’ve seen in 2021.? Mortgage rates? will increase , and? 2022 is slated to be? a buyer’s market. ? . While all of these predictions are interesting to read, they’re just that.?

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MLS Agents Branding Staging 437

Better Dwelling

NOVEMBER 30, 2021

Canadian real estate prices are rising, but investors are quietly pulling back. In fact, they’re withdrawing their capital at one of the fastest rates in history. Statistics Canada (Stat Can) data shows residential investment dropped sharply in Q3 2021. This is the component of GDP that covers real estate’s most direct economic output. The GDP […].

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Residential Investor New Construction Renovation 142

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Housing Wire

NOVEMBER 30, 2021

Home prices posted their largest-ever yearly gain since the inception of the Federal Housing Finance Agency (FHFA) House Price Index more than a decade ago. Home prices across the country rose 18.5% year-over-year, a 4.2% increase from the second quarter of 2021. Home prices in the U.S. Census Bureau’s mountain division — Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming — rose a staggering 25% from the third quarter of 2020 to the third quarter of 2021.

Loans 420

Loans Finance Mortgages Industrial 420

Better Dwelling

NOVEMBER 30, 2021

Canadian homeowners are tapping their real estate windfall to fund a spending binge. Bank of Canada (BoC) data shows home equity lines of credit (HELOC) debt surged in September. HELOC debt slowed last year but now it’s back with a vengeance, growing faster than the economy. Experts say it provides a boost to the economy […]. The post Canadian HELOC Balances Rise Another $1.7 Billion In A Month appeared first on Better Dwelling.

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Equity Banks Mortgages 137

Realtor.com

NOVEMBER 30, 2021

brittak/iStock How long does it take to build a house? It’s a question often posed by people looking to buy an idyllic piece of land so they can construct their dream home from the ground up. If this describes your current housing situation, you’ve come to the right place! So before you invest in that spacious lot with stunning views and mature trees, it’s wise to consider the time it’ll actually take to build the place you’ll be living in—especially considering su

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Construction Due diligence New Construction Land 119

Housing Wire

NOVEMBER 30, 2021

Nonbank mortgage lenders regained their footing in the third quarter, upping their net profit by 28% to $2,594 on each loan originated, according to a quarterly report published by the Mortgage Bankers Association on Tuesday. But they would be wise to look at expenses, which climbed to the second-highest rate in recorded history. The results follow a turbulent second quarter, in which lenders fretted as net income and gain-on-sale margins cratered.

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Loans Mortgages Industrial Sales 389

Brownstoner

NOVEMBER 30, 2021

Another tower will be rising in Downtown Brooklyn as half a block on Fulton Street, including a mid-century bank building, is set to be demolished to make way for a 45-story mixed-use development that will include affordable housing. While no scaffolding has appeared yet, a recent walk by the block… Read More > The post Mid-Century Bank, Four Other Downtown Brooklyn Buildings to Make Way for 45-Story Tower appeared first on Brownstoner.

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Banks Development As-is 116

Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . That demand-supply imbalance has led to hiring blitzes, lucrative salary offers and bonuses that may help individual firms attract talent, but it also tends to exacerbate the shortage of underwriters available for competing companies.

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Due diligence Mortgages Loans Residential 366

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Loans

Sotheby's International Real Estate

NOVEMBER 30, 2021

The majestic Sandia Mountains—named for the vibrant watermelon-red hue cast on their rugged terrain by the glow of New Mexico’s dramatic sunsets—stand stalwart above the thriving metropolis of Albuquerque. Where the far northeastern heights of the city meet the base of those alpine slopes is the Tanoan Country Club community, a bastion of superlative amenities and services, for which it has been heralded as one of the finest private clubs in the state.

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As-is 114

Housing Wire

NOVEMBER 30, 2021

Mortgage applications declined 7.2% for the week ending Nov. 26, reflecting a lower appetite for refinances, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The drop was mainly driven by the refinance index declining by 14.8% from the previous week, on a seasonally adjusted basis. Concurrently, the purchase index grew by 5.1% from the week prior.

Mortgages 368

Mortgages VA loan FHA loan Fixed-rate mortgage 368

GeekEstate

NOVEMBER 30, 2021

This week, we interviewed Christine Wendell and KC Crosby from Pronto Housing. Let’s get to it! Who are you and what do you do? We’re Christine Wendell and KC Crosby, Co-Founders of Pronto Housing, the first & only off-the-shelf affordable housing compliance Software-as-a-Service platform, ensuring a higher-quality of living is accessible for the more than 11M Americans facing housing instability, while enabling asset managers to meet their financial goals.

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Development As-is Marketing 113

Housing Wire

NOVEMBER 30, 2021

As we look forward to 2022, the non-QM market is predicted to grow substantially. “There is a bigger consensus of confidence in the product now,” said Keith Lind, executive chairman and president of Acra Lending. “The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”.

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Lending Investor Loans New Construction 341

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App Folio

NOVEMBER 30, 2021

Staff recruitment and turnover have historically challenged the property management industry. Data from CEL & Associates, Inc. reports pre-pandemic turnover.

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Property Management Industrial 111

Realty Biz

NOVEMBER 30, 2021

Brick-and-mortar retail stores are back in business, with new openings outnumbering closures for the first time in four years according to an analysis by IHL Group. The analysis of more than 900 retail chains found that most of the growth in new store openings is driven by mass merchants, grocery stores, drugs and pharmacy and convenience chains. Interestingly, the researchers believe e-commerce is also driving some stores to increase their physical footprints as online and offline shopping expe

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Branding Principal Land Closing 102

Realtor.com

NOVEMBER 30, 2021

Getty Images The numbers: Home-price growth is slowing. Home-price appreciation occurred at a slower pace in September, according to a major price barometer released Tuesday, suggesting the market is cooling after over a year of frenzied sales. The S&P CoreLogic Case-Shiller 20-city price index posted a 19.1% year-over-year gain in September, down from 19.6% the previous month.

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Sales Marketing As-is Mortgages 99

REM Online

NOVEMBER 30, 2021

The following content may have been republished here without the author's permission. The original post can be found at the following URL: BrokerPocket offers portal for exclusive listings. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Eric Skicki, founder and CEO of BrokerPocket, launched the beta version of BrokerPocket in September in Ontario.

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Agents Marketing 98

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.

Agents

Realtor.com

NOVEMBER 30, 2021

Realtor.com Listed for $2 million, this week’s oldest listing on Realtor.com® is a sunny, five-bedroom Colonial on Long Island. Besides its antique charms, the residence also comes with a fascinating literary connection. It was built for the third-great-grandfather of the American writer Walt Whitman , all the way back in 1697. It’s a mere block or two from Walt Whitman High School and just down the street from Walt Whitman Shops—a mall that takes its name from the favorite son of Hu

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Design Renovation Closing As-is 98

GeekEstate

NOVEMBER 30, 2021

This week, we interviewed Christine Wendell and KC Krosby from Pronto Housing. Let’s get to it! Who are you and what do you do? We’re Christine Wendell and KC Krosby, Co-Founders of Pronto Housing, the first & only off-the-shelf affordable housing compliance Software-as-a-Service platform, ensuring a higher-quality of living is accessible for the more than 11M Americans facing housing instability, while enabling asset managers to meet their financial goals.

Development 98

Development As-is Marketing 98

Realtor.com

NOVEMBER 30, 2021

Getty Images When it comes to smart home tech, I’m a late bloomer. It all seemed like more of a hassle than it’s worth. Then I inherited a pair of first-generation Echo Dots from my dad. After countless heart-to-hearts with my new BFF Alexa, I realized, “Oh, now I get it!” Since that fateful day, I’ve embraced smart lights, smart plugs, smart doorbells, and more—all of which have made my life easier and more fun.

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Design Closing 95

Eye on Housing

NOVEMBER 30, 2021

In September, national home prices grew at a slower but still unsustainable pace. Locally, 14 out of 20 metro areas reported that they realized a deceleration in home price growth in September. This month’s data indicates that housing market is cooling slightly as housing affordability concerns persist. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow.

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As-is Marketing Construction 95

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

The Mortgage Report

NOVEMBER 30, 2021

Today’s mortgage and refinance rates Average mortgage rates nudged lower again yesterday, confounding my prediction. The only predictable thing about markets right now is their unpredictability. Having said that, there […].

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Mortgages Marketing 94

HomeLight

NOVEMBER 30, 2021

From Cal Tech students to filmmakers, people flock to the City of Roses in search of new spaces and places to work, making this an opportune time if you’re wondering how to sell your house fast in Pasadena, California. Home to the world-famous Rose Bowl Stadium and the Norton Simon Museum, the city of Pasadena is a cultural hub flourishing with possibilities.

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Inspection Design Staging Agents 89

The Mortgage Report

NOVEMBER 30, 2021

Home values are rising, and homeowners are no longer sitting on their equity. These cash-out options are helping owners accomplish financial goals.

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Equity Mortgages 98

Brownstoner

NOVEMBER 30, 2021

In the News De Blasio Reminds New Yorkers to Wear Masks Indoors [NYT] Brooklyn Artist Reads the Land in Deep Time [NYT] Brooklynites Light Giant Menorahs for Hanukkah [BP] NYC Childcare and Early Intervention Workers Ordered to Get Vaccinated [AmNY] Upcycled Christmas Tree to Bring Joy and Inspiration to Flatbush [BK Reader] Bario… Read More > The post Daily Links: Health Advisory Urges NYC Residents to Mask Indoors appeared first on Brownstoner.

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Land 88

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Agents

The Mortgage Report

NOVEMBER 30, 2021

Physician mortgage loan programs can provide great deals for doctors. But they might not always be the best option. Learn more here.

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Loans Mortgages 98

Brownstoner

NOVEMBER 30, 2021

A reno has left the wood floors but tweaked many of the details in this Prospect Heights apartment, including carving out a second bedroom and adding a half bath. On the fifth floor of 230 Park Place -- a short walk to Grand Army Plaza -- the sponsor unit requires… Read More > The post Prospect Heights Two-Bedroom Sponsor Unit With Renovated Kitchen, Baths Asks $1.15 Million appeared first on Brownstoner.

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Renovation 81

McKissock

NOVEMBER 30, 2021

As a property appraiser, an important part of your job is keeping up with the latest industry updates and the state of the real estate market. But where do you turn for this information? What are some good go-to news sources for appraisers? To find out, last month we asked our appraisal community, “What source(s) do you use for keeping up-to-date on current real estate appraisal news?

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Industrial Development As-is Agents 80

Realtor.com

NOVEMBER 30, 2021

Netflix At long last, “Selling Sunset” has returned in all its gorgeous glory to Netflix—and the drama and luxurious Los Angeles homes in Season 4 are a sight to behold. This season features new cast members along with old favorites at the famed Oppenheim Group , including Heather Rae Young (who recently married HGTV star Tarek El Moussa ), Chrishell Stause , Christine Quinn , Mary Fitzgerald , and others as they struggle to make a killing in L.A.’s high-stakes real estate mar

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Banks As-is Design Agents 80

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.

Sales