Housing Wire

JANUARY 27, 2022

The average 30-year-fixed rate mortgage declined one basis point from the week prior to 3.55% during the week ending Jan. 27, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%. Most economists believe rates will continue to climb in the weeks and months ahead. “Following a month-long rise, mortgage rates effectively stayed flat this week,” Sam Khater, Freddie Mac’s chief economist, said in a statement.

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Fixed-rate mortgage Mortgages Banks Loans 450

Keeping Current Matters

JANUARY 27, 2022

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips.

Marketing 247

Marketing 247

Housing Wire

JANUARY 27, 2022

Wells Fargo agreed to pay $12 million to more than 1,800 mortgage borrowers to resolve a class action lawsuit that alleged the bank’s clients had loan modifications wrongfully denied due to calculation errors in the bank’s system. A judge from the U.S. District Court for the Southern District of Ohio approved the settlement on Tuesday after a hearing between the parties.

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Sotheby's International Real Estate

JANUARY 27, 2022

Photo Courtesy of Leatrice Eiseman. Pantone’s Color of the Year is a highly anticipated announcement for design aficionados and consumers alike, and the color institute’s heralded shade for 2022 is Very Peri—a blue hue with warm red undertones that “encourages personal inventiveness and creativity”. As expected, there are many factors at play when making this selection.

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Housing Wire

JANUARY 27, 2022

I have been a happy camper lately, particularly with the rise of the 10-year yield as I am seeking balance in the housing market. I love these times in the market and the San Francisco 49ers are making an epic run in the playoffs, so what else can a person ask for? Other people might not be as happy as I am. I retired in 2020 from the mortgage business after 24 years, so I understand how some people who were floating their rate lock might not feel this way.

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Mortgages As-is Closing Marketing 404

Point2Homes

JANUARY 27, 2022

Image: Andrey_Popov / Shutterstock.com. A home appraisal is an essential part of buying or selling a property and even applying for refinancing. But what do appraisers actually look for when they visit? In this guide, we’ll cover the main items on an appraiser’s checklist and how they can affect the value of a property. The Home Appraiser’s Checklist.

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FHA loan Renovation Loans As-is 130

Better Dwelling

JANUARY 27, 2022

Canadian real estate prices are soaring at the fastest pace ever, yet the national numbers downplay growth. Canadian Real Estate Association (CREA) data shows home prices continued to soar in December. Over just 31 days, a “typical” home added up to $40,000 in one market. Over the past year, prices have increased more than ten […].

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Housing Wire

JANUARY 27, 2022

San Francisco-based startup Vesta, which provides a software-as-a-service platform for mortgage loan originators, announced on Thursday that it raised $30 million through a Series A funding round. The new capital will be invested in an “aggressive” hiring plan and technology expansion. The round is led by the venture capital firm Andreessen Horowitz , with participation from new investor Zigg Capital and seed investors Conversion Capital and Bain Capital Ventures.

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Mortgages Loan Officer Investor Loans 382

Realty Biz

JANUARY 27, 2022

Twitter on Tuesday launched three new tools that will improve how businesses run advertising campaigns on Twitter: Site Visit Optimization is a new optimization goal under the Website Traffic objective, helping advertisers drive more visits from Twitter to their websites or landing pages. Aggregated Measurement provides conversion metrics by counting events in aggregate for audiences who have opted out of tracking on iOS devices.

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Land As-is 113

Housing Wire

JANUARY 27, 2022

Two of the most powerful U.S. housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. The National Association of Realtors , which represents real estate agents, brokerages and consumers, wants the Federal Emergency Management Agency to carve out a privacy law exception, and require that the history of a property’s flood claims be disclosed to “buyers and renters, as well as owners before real estate transactions are completed,” according t

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Brokerage Mortgages Design As-is 382

Advertiser: Trellis

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.

Loans

BubbleInfo

JANUARY 27, 2022

The new listings of 2022 are only trickling out, but we know that there can be spurts. We’re seeing one underway in Encinitas Ranch, where five listings are hitting the market this week! The three Coming-Soons will all change to active listings on Saturday. Buyers – there is hope! Whenever there are two or more […].

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Marketing 104

Housing Wire

JANUARY 27, 2022

Hosted by Stavvy. Collateral valuation is a critical component of mortgage lending and the home sales. With the federal foreclosure moratorium expiring in 2022, the market will undoubtedly see growth in foreclosure transactions as it tries to catch up on both past and present loans. The return to working foreclosure is a perfect opportunity for those in the industry, whether on the servicing or legal side, to examine ways to improve efficiencies, stay compliant and keep up with demand.

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Lending Loans Technology Industrial 381

Realty Biz

JANUARY 27, 2022

Commercial real estate sales in the U.S. jumped in 2021 with investors moving to snap up warehouses, apartment buildings, hotels and resorts, according to a report from Real Capital Analytics. al. The report said commercial property sales hit a record-breaking $809 billion last year, almost double that of 2020’s total sales. “Everything’s lining up for another strong year,” Carly Tripp, head of real estate investments for Nuveen, a global investment manager, said to the Wall St

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Housing Wire

JANUARY 27, 2022

Use of the cash window for delivering mortgages to Fannie Mae and Freddie Mac was disrupted in a big way over the course of last year as lenders reacted to expectations that a cap on cash transactions was slated to go into effect by the start of 2022. Even though the cap was suspended in September of 2021, the wheels were already set in motion for larger lenders, particularly nonbanks, to convert their agency loan-sale pipelines to favor swap transactions with government-sponsored enterprises (G

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Loans Banks Mortgages Investor 370

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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.

Sales

Maximum Exposure Real Estate

JANUARY 27, 2022

The Guide to Dealing With LowBall Offers in Real Estate The definition of lowball offers is to provide a deceptively low price or unfairly low offer. It can be genuinely frustrating to deal with a lowballer as a home seller. Do you know how to deal with a lowball offer on your home? The current […]. The post Low Ball Offers: How to Respond When You Get a Low Ball Offer appeared first on Massachusetts Real Estate Exposure.

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As-is Marketing 101

Housing Wire

JANUARY 27, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate. Despite their best efforts, typically, the locations and addresses of celebrity homes eventually become public knowledge, but Arrington’s eight-part Twitter thr

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RIS Media

JANUARY 27, 2022

I’ve been in the real estate technology space for a long time and distinctly recall the beginnings of the “leads tsunami” that was created by the likes of Zillow and realtor.com as they worked to keep agents paying monthly fees and revenue flowing. They “rang the bell” for agents and subscribing brokerages by moving further up the marketing funnel to attract those they said were ready, willing and able to buy or sell a home.

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Brokerage Agents Industrial Technology 98

Lighter Side of Real Estate

JANUARY 27, 2022

National Days used to be few and far between and were meant to mark the occasion of something truly special worth celebrating, and a lot of times they came with a day off of work. But nowadays there’s a “national day” literally every day, for just about anything you can think of—most of which do not come with a federally mandated day off of work. But who cares if they come with a day off or not when you’re a real estate agent?!

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Marketing Agents Branding As-is 97

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

RIS Media

JANUARY 27, 2022

It’s a new year and time to ramp up. Some agents completed their business plans months ago and are already focused on having a profitable year. However, it’s never too late to develop a plan to keep you on track. If you fell short of your goals last year, here are five strategies to help you reach your goals in 2022: Think strategy first.

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Sales Development Design Agents 98

Realtor.com

JANUARY 27, 2022

Getty Images Beige used to be white-hot (well, off-white!) back in the fabulous ’80s. In fact, you couldn’t stroll through most homes without spying it splashed on kitchen cabinets, counters, bathroom tile, and, um, home fax machines. And then, just as suddenly as it rose to glory, beige fell by the wayside. For those of us who are old enough, we recall the bland-shade days and the other names beige went by, like ecru, tan, taupe, and khaki—and therein lies the reason for this neutra

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RIS Media

JANUARY 27, 2022

After a month of rising mortgage rate increases, this week’s data shows a flattening, according to Freddie Mac’s Primary Mortgage Survey. The rate increases have not significantly impacted demand in the real estate market, although gradual increases are expected to continue soon. Freddie Mac suggest that now is still a good time for homeowners to refinance now.

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Mortgages Fixed-rate mortgage Investor Loans 98

Eye on Housing

JANUARY 27, 2022

Thanks to a surge in residential investment during 2020 and ongoing strength in 2021, housing’s share of GDP remains elevated compared to most of the post-Great Recession period. Due to the pandemic, market conditions evolved with a renewed focus on the importance of home, a shifting geography of housing demand, and a lack of for-sale inventory. Housing continued to expand.

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Residential Sales Marketing 99

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

RIS Media

JANUARY 27, 2022

As 2021 ended, pending home sales tallied another month of declines in December, according to recent data from the National Association of REALTORS® (NAR). NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, dropped by 3.8% in December, sliding to 117.7. All regions saw year-over-year contract signings decline as well, dipping 6.9% nationally.

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Sales Mortgages Industrial As-is 98

Brownstoner

JANUARY 27, 2022

By now it's a familiar story. Young couple purchases a 19th brownstone that hasn't been updated in decades -- in this case, a fine bay-windowed 20-footer on a Historic District block, with mahogany woodwork aplenty -- and embarks on a tasteful, well-funded renovation with predictably lovely results. "They wanted to bring… Read More > The post The Insider: Impeccable Renovation Brightens, Updates Woodwork-Laden Park Slope Townhouse appeared first on Brownstoner.

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Renovation 98

RIS Media

JANUARY 27, 2022

The U.S. Department of Housing and Urban Development (HUD) is making available $4 million through HUD’s new Radon Testing and Mitigation Demonstration Program Notice of Funding Opportunity (NOFO) for public housing agencies (PHAs), the organization has announced. PHAs will use the funds in public housing properties where low-income families reside. With this funding, PHAs will be able to conduct testing and, when needed, mitigation of radon in the public housing units that they manage, HUD state

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Development Industrial Agents 98

REM Online

JANUARY 27, 2022

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Brampton’s Jessi Sandhu gala raises $250,000 for Sick Kids Hospital. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Jessi Sandhu’s Endless Giving Gala wasn’t a fund-raising event, it was a fund-raining event, says the Brampton, Ont.

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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.

Agents

RIS Media

JANUARY 27, 2022

Editor’s note: On a monthly basis, we will be checking in with more than 3,000 of the U.S.’s top residential real estate brokers to gauge their confidence in their own business and the overall market, on a scale from 1 – 10. Additionally, we will ask relevant questions pertaining to the current state of the market to gain more insights on what’s impacting the index score.

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Residential Agents Industrial As-is 98

Better Dwelling

JANUARY 27, 2022

Despite Canadian real estate spiraling out of control, the central bank held rates. The Bank of Canada (BoC) attributed the decision to fears of economic risk, but glossed over that fear being a housing slowdown. The BoC’s latest gross domestic product (GDP) forecast shows housing will provide a big drag in 2022. A year ago, […]. The post Bank of Canada Quietly Revised Its GDP Forecast To Show A Larger Housing Contraction appeared first on Better Dwelling.

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Banks 91

RIS Media

JANUARY 27, 2022

Homebuyers are kicking-off 2022 ready to compete, according to realtor.com’s Weekly Data Report , which shows listing prices continue to rise at a double-digit pace and time-on-market remains historically low. Key findings: The U.S. median listing price increased 11.7% over last year, making the sixth straight week of double-digit gains and the highest annual growth rate since July 2021.

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Realty Biz

JANUARY 27, 2022

Today, it’s important to use all the tools you have at your disposal if you’re going to remain competitive in the world of real estate. Professionals like real estate agents need robust online platforms to market themselves and keep in contact with their clients. The ability to promote and highlight properties for sellers and communicate about new properties that have just come on the market for buyers is also essential.

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Design Agents Marketing Sales 88

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