Fri.Jan 28, 2022

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Groups blast FHA draft defect taxonomy in joint letter

Housing Wire

Consumer advocates, fair housing groups, banks and mortgage lenders don’t always play on the same team, but today they joined forces to critique the Federal Housing Administration ’s proposed servicing defect taxonomy. In a joint letter to Lopa Kolluri, FHA’s principal deputy assistant secretary, the American Bankers Association , Americans for Financial Reform Education Fund , Center for Responsible Lending , Consumer Action , Housing Policy Council , National Consumer Law Center , Nation

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Real estate investors cite inventory shortages as their biggest challenge

Realty Biz

Home inventory shortages were cited as the number one challenge by 63% of residential real estate investors in a recent survey. The Winter 2021 RealtyTrac Investor Sentiment Survey, which measures investors’ perceptions of the real estate investing industry, also cited rising home prices as their second major concern, according to 60% of investors. RealtyTrac said the findings extend a trend witnessed in its previous two surveys.

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Pay later platforms: A superhero for the housing ecosystem? 

Housing Wire

The controversial author Christopher Booker suggested in a tome-length book, that all narratives belong to one of seven types. In his conception, all of history’s fiction is reducible to seven story typologies. In other words, there are no new stories in the world, only variations on already-worn themes. The same can be said of business models. Despite the constant talk of innovation and disruption, new companies all hew to some variation of tried and tested business designs.

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Canadian Average Net Worth Nears $1 Million As Growth Rises 3x Faster Than Normal

Better Dwelling

Canadian households are seeing their net worth soar — at least on paper. Statistics Canada (Stat Can) data shows household net worth made a big leap in Q3 2021, mostly due to real estate. An average household is seeing wealth accumulate at one of the fastest rates in history, with Millennials leading the surge. There’s […]. The post Canadian Average Net Worth Nears $1 Million As Growth Rises 3x Faster Than Normal appeared first on Better Dwelling.

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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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Q&A: The nitty gritty on Milo’s crypto mortgage?

Housing Wire

Milo , a Miami-based digital lender, announced last week that it is rolling out a crypto mortgage product to clients with digital currency. Josip Rupena, the CEO of Milo, hopes that his mortgage product will allow borrowers who may not be able to qualify for a conventional mortgage to have a shot at a 30-year mortgage, backed by a bitcoin pledge. Currently, the cryptocurrency universe is worth over $1.7 trillion though it has nosedived in the last week, down from about $3 trillion.

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Canada Is Seen As More Corrupt As Money Laundering Estimates Hit $113 Billion

Better Dwelling

Canada’s squeaky clean reputation took a nosedive, according to an anti-corruption watchdog. This week, Transparency International (TI) released its annual Corruption Perceptions Index for 2021. The index shows Canada continues its spiral lower, having fallen out of the top 10 in 2019. Extensive money laundering and opaque institutions are amongst the reasons for the decline. […].

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Real Estate Agent Commissions: How Much Do Agents Make in 2022?

HomeLight

Most real estate agents get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average real estate agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year.

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A Santa Ynez Valley Estate Offers $34.5M Worth of Perfection

Realty Biz

A Santa Barbara County estate on the market for $34,500,000 represents the epitome of laid back luxury and the Southern California lifestyle. Situated beneath the majestic San Rafael Mountains, and in the heart of the fertile Santa Ynez Valley, the 60 acre property is surrounded by stunning wineries and equestrian farms. If classic Mediterranean style and country charm matter, this property has it all.

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Buyers’ Perceptions of Housing Inventory Worsened Throughout 2021

Eye on Housing

In early 2018, only 16% of home buyers expected that finding a home would be easier in the months ahead. The share soared during the early phase of the pandemic, reaching 36% by the end of 2020. But in 2021, buyers’ perceptions of housing inventory worsened throughout the year, and by the fourth quarter, only 24% expected easier availability ahead.

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To-Do Checklist When Preparing For An Open House?

Realty Biz

Are you getting ready to host an open house for your property? If so, make sure you follow this checklist to ensure that everything goes smoothly! By preparing in advance and having a plan of action, you can avoid any last-minute surprises and ensure that your guests have a great experience. 1) Remove clutter & personal items. Open houses are typically public events, so you’ll want to make sure your home is as tidy as possible.

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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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NAR sues REX Homes for deceptive practices, seeks monetary damages

The American Genius for Real Estate

(REAL ESTATE NEWS) REX Homes filed an anti-trust lawsuit against NAR and Zillow in 2021. Now, NAR is hitting back with a spicy countersuit. Buckle up. The post NAR sues REX Homes for deceptive practices, seeks monetary damages appeared first on The American Genius Real Estate.

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Is There An Inventory Shortage?

BubbleInfo

People keep saying that the inventory is low, but it means that there’s not a lot of active listings sitting around not selling (which will be the sign that the frenzy is over). Let’s determine whether the inventory has actually been lower than normal by comparing the number of sales to previous years: The inventory […].

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Mortgage and refinance rates today, Jan. 28, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. But only by a bit. And they remain close to their two-year high. Earlier today it was looking as […].

Mortgages 101
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3 Neighborhoods to Check Out if You Are House Hunting in Los Angeles, California

Realty Biz

Los Angeles is a great city to live in. It is one of the most popular places to live in the US and is home to many celebrities, entrepreneurs, and tech enthusiasts. Out of all the neighborhoods in LA, Santa Monica, Brentwood, and Venice are some of the most popular ones to live in. And in case you are house-hunting in LA, you must check out these three neighborhoods. #1 Santa Monica.

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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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How to Price Your Home Right by Using House Comps

HomeLight

The old adage holds that the three most important things in real estate are location, location, location. But judging by the importance levied on house comps, comparable sales may be the most important thing in real estate pricing. Comps help sellers price their homes right, help buyers know how much to offer, and help appraisers estimate the value of a home.

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NAR Files Lawsuit of Its Own Against REX

RIS Media

Who says you can’t sue the same folks that are suing you? The National Association of Realtors® (NAR) filed a lawsuit on Jan. 28 against REX-Real Estate Exchange Inc., alleging that the Texas-based real estate startup deceived consumers by making false and misleading advertisements and statements about its services. . “NAR will oppose attempts to mislead consumers, including attempts to mislead consumers about buying or selling a home generally or about the services or cost of using REALTORS®, m

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Do You Suck at Follow Up? 8 Rules for Mastery

Lab Coat Agents

The answer to that is most likely “Yes!”, so let me help you. Here are my eight rules for follow-up. Obviously, there are other things to consider when following up, but these are what my team actually does for consistent results. Rule 1: Following up is a relationship-building and appointment-booking process. In lead follow-up, my goal is to build a relationship with that person and eventually book an appointment.

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Video: Anthony Lamacchia Tackles What to Expect in 2022

RIS Media

The 2021 housing market was raging hot as supply-demand imbalances and pandemic-induced factors contributed to another year for the record books in real estate. With 2022 now in full swing, there are many questions and predictions circulating about what real estate professionals can expect out of the market, now that mortgage rates are climbing along with price tags.

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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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Downtown West Palm Beach Green Market

Waterfront Properties

The West Palm Beach Green Market was voted the No. 1 farmers market in the country by voters in USA Today’s 10 Best Readers’ Choice awards. The green market in West Palm Beach was recently voted the No. 1 farmers market in the country by voters in USA Today’s 10 Best Readers’ Choice awards. The West Palm Beach Green Market beat out hot spots like Seattle, Washington; Santa Fe, New Mexico; and Santa Monica, California.

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Nation’s Oldest Black-Owned Business Expands to the Carolinas With New Offices in Charlotte and Raleigh

RIS Media

E.E. Ward Moving & Storage Co. recently announced that it has expanded its operations to the Carolinas with new offices in Charlotte and Raleigh. In addition, as the country prepares to celebrate Black History Month, E.E. Ward Moving & Storage Company—recognized by the U.S. Department of Commerce as the oldest continuously Black-owned and operated business in the United States—will be the first Black-owned agent to receive the North American Van Lines Agent of the Year award, the company

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Wondrous Washrooms: Elevate Your Bathroom With These 5 Swanky Instagram Looks

Realtor.com

Photos via Instagram by meiraustralia / chelsgc / divinesavages Bathrooms are one of those functional spaces we tend to gloss over in our decor plans—barely even noticing them until they’re messy or in need of a good scrub-down. But the bathrooms (or shall we say washrooms , which sounds infinitely fancier) that took over Instagram this week are anything but neglected.

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Yoga with a Rooftop View - Palm Beach County

Waterfront Properties

Join other Palm Beach County yogis for Treehouse Rooftop Yoga on the 13th floor at the Canopy by Hilton, 380 Trinity Place, in West Palm Beach. Each Saturday morning, January 29, 2022, at 9:30 a.m., participate in a yoga practice that will help center you after a hectic workweek. One big reason to practice is that yoga has a significant impact on dialing down chronic stress.

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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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Spilled Wine, Wax Cakes? The Weird Return of Fake Food as Decor

Realtor.com

Photo via Etsy by Fakefood4u / Getty Images There was a time, back in the 1950s, when any well-decorated home displayed a bowl of wax fruit. Then in the 1970s, along came fake glasses of spilled wine. Yup, these goofy accessories have had their place in our decor canon, and the hope was that they’d remain in the distant past, where they belong.

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Real Estate Veteran Stephen Meadows Promoted to Chief Operating Officer Of Coldwell Banker Premier

Realty Biz

Steve DuBrueler , Founder and CEO of Coldwell Banker Premier, a regional real estate power headquartered in Winchester, Va., has announced the promotion of Stephen Meadows to Chief Operating Officer. Meadows, who previously served as Vice President, Operations, will lead the company’s regional growth efforts, while continuing to improve and implement systems and tools for agent success.

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Berkshire Hathaway HomeServices Expands Its Presence in Charlotte, North Carolina

RIS Media

Berkshire Hathaway HomeServices has announced its further expansion in the?Southeast with the addition of Berkshire Hathaway HomeServices Elite Properties in North Carolina.?This marks the brand’s 23rd franchised office location in the state, the company said. The brokerage, owned and operated by local industry veterans, Kathleen and Jim Rebhan, specializes in?

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The Worst Listing I Have Ever Seen!

Toronto Realty Blog

TorontoRealtyBlog. A client of mine told me lately that he’s figured out how not to bother me. Huh? Bother me! How could you be bothering me? “When I have questions,” he explained, “Instead of bothering you, I just Google my question and add ‘Toronto Realty Blog’ and about nine times out of ten, an old blog post pops up that answers my question.” I don’t know whether to be flattered, hurt, or feel obsolete!

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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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Headliners Week of 1/24 – 1/29

RIS Media

Catch Up on This Week's Biggest Stories. [link]. RISMedia Associate Editor Jordan Grice delivers this week's Headliners, a video recap of the week's top stories in real estate. Share on Facebook Share on Twitter. Read This Week's Top Stories. Broker Confidence Dips Slightly in January Amidst Inventory and Pandemic Concerns. By Caysey Welton January 28, 2022.

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Three Early 20th Century Homes With Charming Details to See, Starting at $895K

Brownstoner

Our picks for open houses to check out this weekend are found in Prospect Lefferts Gardens, Crown Heights and Flatlands. They range in price from $2.195 million to $895,000. In the Prospect Lefferts Gardens Historic District, a bow-fronted brownstone on Midwood Street has a myriad of circa neo-Classical details as well… Read More > The post Three Early 20th Century Homes With Charming Details to See, Starting at $895K appeared first on Brownstoner.

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A Tale of Two Types of Cities, Part 2: The Flight to the Sunbelt

App Folio

Welcome to the second half of our two-part series that explores US cities to discover what’s happening on the ground.

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These Are the Top 10 Most Expensive North Fork Houses Sold in 2021

Brownstoner

Brownstoner sister pub Behind The Hedges recently took a look at the top 10 most expensive houses sold in the North Fork in 2021, sometimes known as the Brooklyn of the East End and less expensive than the South Fork. “While you may be reading reports on inventory shortages for homes… Read More > The post These Are the Top 10 Most Expensive North Fork Houses Sold in 2021 appeared first on Brownstoner.

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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.