Tue.Sep 20, 2022

article thumbnail

How one small lender is navigating the turbulent market

Housing Wire

Delray Beach, Florida-based mortgage lender ResMac, Inc. , like many others, has trimmed its workforce so its cost structure is in line with reduced origination volume. The company is focused on expanding beyond residential loans amid a price war and surging rates. To grow in the coming years, it seeks to raise capital. It’s all part of a strategy to not only survive the most challenging mortgage market in decades, but to come out of it stronger.

Marketing 349
article thumbnail

Watching the Stock Market? Check the Value of Your Home for Good News.

Keeping Current Matters

While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time.

Marketing 202
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to maintain loan quality in a rapidly changing market

Housing Wire

With so much changing in the market, it’s no surprise that the risk of mortgage fraud has increased this year. HousingWire recently spoke to Donna Gibson, COO and president of QC Ally, about fraud prevention and loan quality outlook for the rest of 2022. HousingWire: In this time of market change and as we head towards the last quarter of 2022, what are the hot topics in risk, fraud prevention and loan quality?

Loans 321
article thumbnail

iOi Pitch Battle Participants Announced

GeekEstate

The industry will convene in Los Angeles for iOi , the two-day conference on September 28th and 29th (next week!!), at the JW Marriot L.A. Live. NAR’s venture capital arm, Second Century Ventures , will present the Pitch Battle competition. Each entrant will conduct a live, 4-minute pitch on their product or service, followed by a 4-minute rapid-fire question-and-answer session from a panel of judges.

article thumbnail

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.

article thumbnail

Court shuts down alleged sham mortgage relief operation in California

Housing Wire

The Federal Trade Commission (FTC) and the California Department of Financial Protection and Innovation (DFPI) secured a court order that temporarily shut down the operations and froze the assets of Home Matters USA , Academy Home Services , Atlantic Pacific Service Group , Golden Home Services America and its owners, Dominic Ahiga and Roger Scott Dyer. .

Mortgages 318
article thumbnail

Open House Report 2

BubbleInfo

I had another 80+ people attend my open house on Sunday, and a total of more than 200 people for the weekend. Virtually everyone who came was older, and the overwhelming message was that the buyer pool for one-story homes is large and they are hungry for product. We have received one full-price cash offer […].

105
105

More Trending

article thumbnail

Why Your “Pitch Deck” Won’t Work (and What to Do Instead) (Part 2)

Bigger Pockets

The way you pitch anything is how you pitch everything. So how are you showing your professionalism in meetings, negotiations, or presentations? Are you rolling in nervously with a pitch […].

83
article thumbnail

“Power buyers” are forced to adapt in a slumping housing market

Real Trends

From left to right: Shaival Shah, CEO of Ribbon; Tushar Garg, CEO of Flyhomes; and Tim Heyl, CEO of Homeward. A year ago, Shaival Shah’s principal concern was keeping up with the demand for his company’s alternative financing products. “When interest rates were low and supply was low, you were seeing a lot of multiple offer situations, and our first-time homebuyer product, Ribbon Boost, was all the craze in the market,” said Shah, the founder and CEO of “power buyer” Ribbon.

article thumbnail

Buyers Can Finally Buy a House for Less than List Price (But Savvy Buyers Know When to Still Offer over Asking…)

Lighter Side of Real Estate

If you’re hoping to buy a home, you’ll be happy to hear that the average sale-to-list price has recently dropped below 100% for the first time since March 2021, according to this Money article. In other words, houses aren’t all selling for over asking price anymore, and you can negotiate a lower price than the owner is asking. That’s welcome news, and a silver lining to buyers who waited (or weren’t able) to buy a house in the recent market frenzy.

As-is 74
article thumbnail

A First Look at the Treasures Housed in One of Paris’ Most Historic Buildings

Sotheby's International Real Estate

The Hôtel Lambert, known as one of the most beautiful private residences in the city, was built and decorated in the early 1640s by the giants of arts and architecture who were the masterminds behind Versailles. Following a landmark restoration, this jewel in Paris’ crown houses one of the finest private collections of decorative arts ever assembled.

74
article thumbnail

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.

article thumbnail

Did I Predict the 2022 Housing Market Correctly? What I Got Right and Wrong

Bigger Pockets

As I begin gathering my thoughts about what might happen next year, I like to look back at my predictions for the previous year to see how I did. It’s […].

article thumbnail

Waterfront Properties Go From Strength to Strength

Real Estate Investar

Sydney is leading the world in premium waterfront properties, with buyers in the Harbour city prepared to pay more for those famous water views.

article thumbnail

Brooklyn Real Estate Listings Six Months Later: One Sold, One in Contract, One Still Available

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Midwood, Park Slope, Carroll Gardens and Brooklyn Heights. How did they fare? This Midwood detached house is a modest brick Tudor in need of a creative eye, but it does offer some… Read More > The post Brooklyn Real Estate Listings Six Months Later: One Sold, One in Contract, One Still Available appeared first on Brownstoner.

article thumbnail

How to Properly Care For Your Kitchen’s Natural Stone

RISMedia

By Meghan Belnap Natural stone is a stunning material that can accentuate the best features of your home, but there are a few important maintenance tasks that you will need to carry out if you want to keep it beautiful and damage-free. Ignoring your stone tiles and slabs could result in chips, cracks, stains, and […]. The post How to Properly Care For Your Kitchen’s Natural Stone appeared first on RISMedia's Housecall.

90
article thumbnail

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.

article thumbnail

Park Slope Parlor-Floor Unit With Stained Glass, Central Air, Laundry Asks $995K

Brownstoner

The ask is not exactly low, and the space is not even particularly large, but there's no denying this parlor-floor one-bedroom is cute and designed to maximize space. It's located in the Park Slope Historic District at 495 1st Street, a circa 1887 townhouse turned co-op with three units. The… Read More > The post Park Slope Parlor-Floor Unit With Stained Glass, Central Air, Laundry Asks $995K appeared first on Brownstoner.

Design 74
article thumbnail

The Winning Mindset For Real Estate Lead Conversion

Lab Coat Agents

Realtors, if you’re not converting leads, you’re losing out on business. It’s as simple as that. In order to convert leads, you need to have the right mindset and use the right tools. In this blog post, we’ll discuss how to change your mindset and start converting more leads. We’ll also provide some tips for using the right tools to help you close more deals.

Agents 52
article thumbnail

Daily Links: NYCHA Residents Should Lead National Search for NYCHA CEO, City Council Says

Brownstoner

In the News Bishop Lamor Whitehead Says NYPD Thinks He Staged Robbery [NYP] East New York High School on Lockdown After Gunfire Reported [NYP] Brooklyn Homeless Shelter Wasted $500,000 Worth of Food: Report [NYDN] Greenpoint Artist Steve Keene Celebrates His Inimitable Career [Eagle] 34th Annual Hoban Run Kicks Off in Bay Ridge [BP] Pro-Housing Activists Hire… Read More > The post Daily Links: NYCHA Residents Should Lead National Search for NYCHA CEO, City Council Says appeared first o

Staging 59
article thumbnail

Modern Rustic Home Décor Ideas for a Cozy and Quaint Atmosphere

Redfin

Cozy interiors evoke a feeling of the fall, dark evenings, and cool weather. But having modern rustic home décor doesn’t need to be limited to the autumn months. You can create a rustic home design no matter the season that fits with your style and home’s aesthetic. So whether you’ve recently purchased an A-frame house and want to create the perfect cabin interior or want to add a rustic feel to your loft apartment , we’ve got you covered.

Design 59
article thumbnail

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.

article thumbnail

Mortgage rate volatility affecting pace of new home sales

Housing Wire

New home purchase applications in August were down year over year but rebounded after four consecutive months of declines despite higher mortgage rates, declining homebuilder sentiment and looming economic uncertainty, the Mortgage Bankers Association (MBA) said. The MBA’s builder application survey (BAS) data for August showed mortgage applications for new home purchases declined 10.1% from a year ago.

Sales 343
article thumbnail

The 7 Most Beautiful Places in Boston According to the Locals

Redfin

With all of its history, there’s no denying that Boston has its share of beautiful spots. You can find all sorts of sights in this New England city at any time of year. From its harbor and natural landscape to its small brick suburbs, there’s something for everyone to enjoy. You may find yourself taking out your camera to keep this city’s charm with you every chance you get – and if you need some recommendations, we’ve got you covered. .

Lending 59
article thumbnail

Opinion: Stop subsidizing Wall Street buying up homes

Housing Wire

No serious observer of today’s economy doubts that it is harder and harder for everyday folks to buy a home. This is especially true for first-time homebuyers across the country, in exurbs, Sunbelt suburbs, and neighborhoods in cities large and small. This escalating unaffordability affects the long-term opportunities of virtually everyone who doesn’t own a home, and the children of those who do.

Investor 405
article thumbnail

The 5 Fastest-Growing Cities in Wisconsin

Redfin

When you think of Wisconsin, you may think of cheese, the Green Bay Packers, or Miller Brewing Company. Also known as “The Badger State,” Wisconsin is home to around 6 million people spread across cities like Milwaukee , Wisconsin Dells , and Lake Geneva. If you are looking to make a move to Wisconsin or just want to learn more about the state, we’ve got you covered.

Sales 50
article thumbnail

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.

article thumbnail

Housing starts rise in August even as builder confidence falls

Housing Wire

Even as homebuilder sentiment continued to slide in September, reaching its lowest level since May 2014, housing starts were on the rise in August, increasing 12.2% from July , according to a report released Tuesday by U.S. Census Bureau and the U.S. Department of Housing and Urban Development. In August, housing starts rose to a seasonally adjusted annual rate of 1.575 million.

article thumbnail

Housing inventory projected to increase in these markets, says study

Real Trends

Gainesville, Ga., led communities with 100,000 to 250,000 in population with nearly 15,000 projected listings. Port St. Lucie, Fla. (23,800), Durham-Chapel Hill, N.C. (44,850), North Port-Sarasota-Bradenton, Fla. (40,141), Nashville-Davidson-Murfreesboro-Franklin, Tenn. (82,050), Phoenix-Mesa-Chandler, Ariz. (136,394) and New York-Newark-Jersey City, N.Y.

Marketing 140
article thumbnail

How to Find Short Sale Homes: A Guide for Buyers

HomeLight

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales. And if you’re a would-be short sale buyer, you’ll also need to arm yourself with the knowledge of how to find short sales near you.

article thumbnail

Preparing Your Home for a Loved One with Alzheimer’s: A Caregiver’s Guide

Redfin

The number of Americans living with Alzheimer’s continues to increase rapidly. Alzheimer’s disease affects about 6.5 million Americans , about 4.7 million of which are 75 and older. Anyone can be diagnosed – a grandparent, cousin, sibling, or even your parent. Eventually, those with Alzheimer’s require round-the-clock care. For many families, this means bringing the loved one into their own home.

article thumbnail

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.

article thumbnail

The real-life homes from Modern Family — and where to find them

Fancy Pants Homes

Very few on-screen locations have been chosen as carefully as the picture-perfect houses in ABC’s hit sitcom, Modern Family. With the homes serving as backdrop for most of the scenes, it only makes sense that real-life properties were used in the making of the show — even if it was mostly outdoor shots that were filmed on location, with the interiors being created on studio sets.

As-is 98
article thumbnail

How to Fix the Capital Planning Process Part II: Maintenance Data

Enertiv

Last week we explored the value of digitization and asset tracking when it comes to capital planning. Getting out of spreadsheets, PDFs and email archives would be a giant leap forward for most real estate portfolios. It would translate to saved time, a smoother budgeting season, and better cohesion between different departments. But the goal is to fix the capital planning process.