Thu.Sep 01, 2022

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Did Suburban Mortgage shut down?

Housing Wire

Arizona-based mortgage lender Suburban Mortgage Inc. ’s website is down and employees’ emails are disabled, indicating that the company apparently shut down its operations and laid off its employees. HousingWire reached out to representatives for the company, but they did not respond to requests for comments. A former employee told HousingWire that executives sent an email on Friday morning informing them about the decision to cease operations by 4:30 PM that day.

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New Homes May Have the Incentives You’re Looking for Today

Keeping Current Matters

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country.

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Rocket Pro TPO to offer home equity loan products

Housing Wire

Rocket Pro TPO is diversifying its product portfolio by offering home equity loans to brokers by mid-September amid increased competition in the wholesale channel. The move follows Rocket Mortgage ‘s roll out of home equity loans in August as the firm tries to capitalize on Americans’ strong home equity positions. . With the Rocket Pro TPO product, homeowners can access to up to $350,000 of their home’s equity in a 10- or 20-year fixed-rate loan with a loan-to-value ratio of up to 90%, the

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Surprise! Google searches for “sell my house” explode

Real Trends

It looks like inventory is about to get a boost. An analysis of Google search data reveals that searches for ‘sell my house’ exploded 147% in the United States as of July 2022 — the highest level in internet history for America, according to luxury real estate platform RubyHome. This comes as Americans face rising property and rent costs, with fears of a recession looming.

Mortgages 145
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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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Purchase mortgage rates rise to 5.66%

Housing Wire

Expectations of a continuing aggressive monetary policy led mortgage rates to increase 11 basis points this week, according to the latest survey from Freddie Mac. The 30-year fixed-rate mortgage rose to an average of 5.66%, up from last week’s 5.55%. A year ago this time, rates averaged 2.87%. The index compiles only purchase mortgage rates reported by lenders during the past three days.

Mortgages 369
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Blockchain’s Very Real Impact on Real Estate

Realty Biz

Blockchain is a digital technology that is transforming the fabric of modern life. Blockchain is the technology behind cryptocurrency and has many benefits. Blockchain is affecting all industries and is becoming a crucial tool for education, business, and data security. Real estate has traditionally been a brick-and-mortar business for people who prefer tangible assets.

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More Trending

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Quick Ways to Make Money off of Land

Realty Biz

The rewards for land owners depend on the amount of effort and time invested in the land. So take your time and explore your possibilities for making money from your land. Some require a lot of effort and interaction with resources, while others require less. To help you make your decision, we’ve listed some quick and easy ways to profit from your land.

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Private Residential Spending Slides in July

Eye on Housing

Private residential construction spending declined further in July, as rising mortgage rates and elevated construction costs put a damper on the market. It fell 1.5% in July, down for the second straight month, according to NAHB’s analysis of the Census Construction Spending data. Private residential construction spending was 14.1% higher year-over-year.

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A Progress Report on Industry Success Story Market Leader

Realty Biz

Market Leader is a real estate lead generating and CRM platform that became super popular for providing real estate agents with a suite of tools/features no competitor can boast of. Beautiful websites (as below), a popular marketing platform, and what’s been dubbed a “ cutting-edge CRM,” have powered the platform to notoriety. So, I thought I would take a look because the industry has long needed a holistic marketing suite.

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5 Ways Automation Can Set Your Leasing Team Up for Success

App Folio

Today’s renters expect a seamless leasing experience, whether that happens virtually or in person. However, with recent changes happening in.

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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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Smart Home Security Concerns and Solutions

Realty Biz

A smart home is an ecosystem of devices and smart appliances that work together to make life more convenient. Since these devices are interconnected through a network, smart homes also bring security risks. This article will explain some of those risks and provide solutions so you can safely enjoy the benefits of a smart home. Weak network and IoT device credentials.

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4 Questions You Must Answer Now About the Future of Your Career

Tom Ferry

You’ve probably heard the saying, “It’s the rich and the rest.” And when we look at MLS data from 2021, it’s hard to deny that there’s some truth to it. When just 25% of all agents are handling nearly 75% of the transactions, it really is survival of the fittest. You cannot make a living […]. The post 4 Questions You Must Answer Now About the Future of Your Career appeared first on Tom Ferry.

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BETTER HOMES AND GARDENS® REAL ESTATE BRAND EXPANDS OKLAHOMA PRESENCE WITH AFFILIATION OF BETTER HOMES AND GARDENS GREEN COUNTRY

Realty Biz

Better Homes and Gardens Real Estate LLC announced today the affiliation of Better Homes and Gardens Real Estate Green Country based in Tulsa, O.K., which expands the brand’s service area in the Sooner State. The firm was established in 2018 by U.S. Navy veteran, Kristy Kowalski and serves Northeast Oklahoma, including Tulsa, Owasso, Jenks, Bixby, Broken Arrow, Sand Springs, Sapulpa, Stillwater, Kifer and Coweta.

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Help The World’s Bravest Kids Get Back Home Even Faster

Coldwell Banker

September Is Childhood Cancer Awareness Month. The post Help The World’s Bravest Kids Get Back Home Even Faster appeared first on Coldwell Banker Blue Matter.

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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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13 Most Embarrassing Moments in Real Estate That Are Actually Pretty Funny

The Close

Take a break and laugh at the awkward moments that we all inevitably encounter while working in real estate. We reached out and asked you what your most embarrassing moments in real estate are. We also scoured TikTok for even more awkward moments. And we weren’t disappointed! We hope you get a grin out of these stories and can relate to them because you know as well as we do—we’ve all been there. 13 Most Embarrassing Moments in Real Estate. 1.

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From Paying Up to Walking Away — Your Options For If The Appraisal Comes In Low

HomeLight

You found the perfect house — and to be sure you got the contract, you met the seller’s asking price or even bid a little higher than asking. Once you have the purchase agreement in hand, you might think there are no more obstacles in your way, but the home still has to appraise for the amount you agreed to pay for it. Before the pandemic created a hot market, about 8% of appraisals came in lower than the offer on the home.

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NSDCC List Price vs. Sales Price

BubbleInfo

Want proof that Jay Powell has tamed the housing frenzy, and reversed the trend of buyers having to pay well over the list price to win a house? Here are examples of the list and sold prices of August home sales between La Jolla and Carlsbad – note the relationship to the days-on-market (DOML): So […].

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Learning to advocate, not alienate, with fair housing

Real Trends

“I’ve had a fair housing violation, so I am taking this journey so that doesn’t happen again,” said one agent. Student of Dr. Lee Davenport. “The majority of my life I have been surrounded by white people. Growing up, I was taught that racism was bad… During the Rodney King riots, I asked my black fraternity brother what was going on.

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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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Frenzy Cruise 7

BubbleInfo

There may not be many more of these! At the end of the video, I promised some pricing data and of course the MLS is down tonight so if you came to see list prices vs. sales prices, check back tomorrow.

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The Insider: Architect’s Own South Slope Row House Grows Up and Out, Prioritizes Energy Saving

Brownstoner

Got a project to propose for The Insider? Please contact Cara Greenberg at caramia447 [at] gmail [dot] com. It sounds a bit like something out of an old folk tale, but architect Michelle Krochmal of Brooklyn-based Filament Architecture Studio and her husband spent months scouring Brooklyn neighborhoods from Greenpoint to Ditmas Park… Read More > The post The Insider: Architect’s Own South Slope Row House Grows Up and Out, Prioritizes Energy Saving appeared first on Brownstoner.

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Return to Nature | Sustainable Design is Back in a Big Way

Sotheby's International Real Estate

Luxurious living and good ecological stewardship aren’t mutually exclusive. In fact, many of the most prominent, desirable, and aesthetically pleasing design trends are focused on building sustainable spaces. These trends span architecture, infrastructure and industrial design, landscaping, and interior design and decor. Further reading reveals five integral themes brought compellingly to life.

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Live in Norman Mailer’s Former Heights Aerie With Bookcases, Terraces, Views for $8,500 a Month

Brownstoner

This singular penthouse with sweeping views of New York Harbor and the Statue of Liberty at one time served as Norman Mailer's writing studio, where he wrote "The Executioner's Song," back when he owned the entire Greek Revival house at 142 Columbia Heights. When he took the circa 1840s Brooklyn… Read More > The post Live in Norman Mailer’s Former Heights Aerie With Bookcases, Terraces, Views for $8,500 a Month appeared first on Brownstoner.

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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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3 Ways to Find Cheap Rental Properties for Sale

Mashvisor

Someday, you won’t be able to find cheap rental properties for sale under one million dollars, but, luckily for you, that day is not today.

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Daily Links: As Housing Crisis Threatens Pets and Owners, Brooklyn Shelters Welcome Animals

Brownstoner

In the News Brooklyn Civil Rights Pioneer Dies at 105 [NYT] AG, FTC Sue Roomster for Defrauding Renters [Eagle] Movies Announced for Upcoming Brooklyn Horror Film Festival [amNY] New Outdoor Holiday Market Coming to Brooklyn Borough Hall [BK Mag] Brooklyn Woman Shocked No Arrest Made in Dog’s Death [PIX11] Landmarks Mulls Converting Dyker Heights Orphanage Into… Read More > The post Daily Links: As Housing Crisis Threatens Pets and Owners, Brooklyn Shelters Welcome Animals appeared fir

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What Does Notice of Default Mean in Real Estate?

CT Homes

Have you found yourself staring at a Notice of Default? In its simplest terms, a Notice of Default is the first step a bank or lender will take toward the process of a non-judicial or judicial foreclosure on a property, most likely due to an outstanding loan. No one wants to deal with the tiresome foreclosure process, but by understanding what a NOD is, borrowers can better identify a route to resolving this official legal complaint.

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Rene Rodriguez announced as the Vanguard Forum keynote speaker at HW Annual Oct. 4

Real Trends

René Rodriguez, the author of the best-selling book, “Amplify your Influence: Transform how you Communicate and Lead,” is slated to share his expert insights on leadership and influence during the Vanguard Forum at HW Annual this year. Joining as the keynote speaker for what should be the most powerful room in housing, Rodriguez kicks off the invite-only forum on Oct. 4.

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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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Properly Priced Homes Still Command Attention

Hank Miller Team

Properly priced homes still command attention despite the ongoing Atlanta area housing market adjustment. The data into the 3rd Qtr of 2022 will show the pull back and move toward a balanced market, but as with everything real estate related, the devil is in the details. At the macro level, buyer activity slowed, days on market increased, months of inventory increased and the general balance of power is moving from sellers to a neutral position.

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Burnout is a signal to make a serious change

The American Genius for Real Estate

Many people face burnout in their career, but what are the signs? Are you able to pivot into a new career? And if so, is that a good idea?

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No Railroads in Sight: Here’s What a Railroad Style Apartment Actually Is

Redfin

When you hear the name “railroad apartment,” you probably think of an apartment located near a railroad, where you constantly hear train sounds. However, railroad apartments actually aren’t found by railroads, but are instead often located in dense neighborhoods like Brooklyn, NY , and in cities like San Francisco, CA. With a unique layout and name to boot, you may be wondering just what a railroad-style apartment is and whether it’s the right option for you.

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The ‘ideal worker’ is a myth- It’s time to challenge the definition

The American Genius for Real Estate

There is a widespread professional expectation that one be an “ideal worker”— and it’s killing our productivity.

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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.