Housing Wire
JUNE 3, 2022
Some Americans believed we entered a recession at the start of 2022; however, the jobs report for May came in at 390,000, dashing any hopes that this was the case and starting their weekend on a foul note. We did have some minor negative revisions to the prior reports, but the 10-year yield stayed firm after the announcement at 2.95%, with no real movement.
Keeping Current Matters
JUNE 3, 2022
Some Highlights. It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. If you have questions, connect with a real estate professional to discuss why today’s housing market is nothing like 2008.
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Housing Wire
JUNE 3, 2022
After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Jobs Report released on Friday. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% higher than its pre-pandemic level.
The Close
JUNE 3, 2022
One of the many marketing strategies that new listing agents struggle with, home staging is probably the most challenging. Hiring a professional stager is expensive, and DIY staging is something of a mystery for most new listing agents. In order to demystify the process, we worked with top-producing listing agents, including our friends at Ryan Serhant’s luxury brokerage SERHANT., to get the best home staging tips for 2022.
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
Housing Wire
JUNE 3, 2022
Top-10 residential lender and servicer Mr. Cooper has cut another 420 jobs, the second major layoff it has made this year. In a disclosure made public Thursday afternoon, the company said the cuts amounted to 5% of its employee base. Most of the job losses will hit the originations side of the business. About 16% of the staff losses will affect California staffers, and will take effect in July.
Eye on Housing
JUNE 3, 2022
In May, total nonfarm payroll employment increased by 390,000 and the unemployment rate was unchanged at 3.6%. Solid job gains continued in May, despite surging inflation, persistent supply-chain issues, and fears of a possible recession. Construction industry employment (both residential and non-residential) totaled 7.7 million and has exceeded its February 2020 level.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
The Mortgage Report
JUNE 3, 2022
Today’s mortgage and refinance rates Average mortgage rates fell modestly yesterday. That’s great. But the previous two days’ sharp rises mean the benefit of the most recent drop is limited. […].
Housing Wire
JUNE 3, 2022
This week’s HW+ member spotlight features Stuart Sim, head of industry development and brand ambassador at Chime Technologies. Prior to Chime, he has held a number of leadership roles, including roles at Realtor.com and NCL Sales & Strategy Consulting. Below, Sim answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why?
Brownstoner
JUNE 3, 2022
For newcomers to New York City, Greenpoint and Williamsburg are some of the most desirable neighborhoods in Brooklyn -- and perhaps some of the most sought-after real estate in the entire city. But it wasn’t always that way, and many people don’t know about the long history of environmental activism… Read More > The post New Exhibit Celebrates 50 Years of Environmental Activism in Greenpoint and Williamsburg appeared first on Brownstoner.
The American Genius for Real Estate
JUNE 3, 2022
(BROKERAGE) Many businesses have had to pivot during the global pandemic but maybe yours isn’t one of them. Consider these questions first! The post 3 important things to consider before you pivot your business model appeared first on The American Genius Real Estate.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Brownstoner
JUNE 3, 2022
Our picks for open houses to check out this weekend are found in Park Slope, Prospect Heights, Crown Heights and Bay Ridge. They range in price from $1.1 million to $4.5 million. Located in Park Slope, this grand early 20th century brownstone was a House of the Day back in 2018… Read More > The post A Wood-Filled Park Slope Brownstone and Three Others to See This Weekend, Starting at $1.1 Million appeared first on Brownstoner.
BubbleInfo
JUNE 3, 2022
Let’s revisit Encinitas Ranch for an example of how the zestimates will affect the post-frenzy era. Consider the ER comps since my $3,760,000 sale closed in November. This is where the algorithms should perform beautifully because there have been eight sales of similar tract houses built at the same time on similar sized lots and […].
Brownstoner
JUNE 3, 2022
In the News They Fled Danger for New York. When Will Their New Lives Start? [NYT] New York’s Weed Rush Is Here. They Came to Cash In. [NYT] Exploring the Classic Co-ops of Brooklyn With Less Than $800,000 [NYT] New Film Focuses on Green-Wood Cemetery’s Artist-in-Residence [Eagle] Romantic Depot, Clinton Hill Reach Climactic Peace Treaty… Read More > The post Daily Links: Not Yet Licensed, Cannabis Boutiques Open in Brooklyn appeared first on Brownstoner.
Realty Biz
JUNE 3, 2022
Real estate is an ever-changing business that is subject to frequent market fluctuations. Agents who can adapt their strategies in response to these changes can thrive, but those who fail to keep up risk being left behind. With the widespread adoption of video marketing and the availability of cheap or even free marketing tools like blog platforms, image-sharing websites, and video-sharing services such as YouTube, online marketers have more opportunities than ever before to connect directly w
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
McKissock
JUNE 3, 2022
Ever since Fannie Mae and Freddie Mac (the GSEs) created the Uniform Appraisal Dataset (UAD) several years ago, real estate appraisers must rate building quality on a standardized scale from Q1 (best) to Q6 (worst). If you are performing appraisals for the intended use of secondary market mortgage lending, it’s essential to have a clear understanding of the UAD quality ratings, since you will be required to use them in your report forms.
Realty Biz
JUNE 3, 2022
As online advertising options proliferate regularly, many believe that traditional OOH marketing methods have fallen by the wayside. But, this isn’t true for classics like billboard advertising, especially in the real estate industry. Billboard ads are an effective and trusted method of attracting new consumers who wish to purchase new listings or sell existing ones.
Mashvisor
JUNE 3, 2022
With the unexpected increase in property prices and the sudden spike in interest rates, the adjustable rate mortgage is somehow making a comeback.
Realty Biz
JUNE 3, 2022
Lots of people want to buy property in Berlin or any other city in Germany, but as a foreigner, you might be unsure of the process and whether or not you are even eligible. Do not worry! This guide will tell you everything you need to know about purchasing property as a foreigner in Germany. Are Foreigners Restricted From Buying Property in Germany?
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
BubbleInfo
JUNE 3, 2022
This is the only other sale located on the Encinitas Ranch golf course that might be considered a comparable sale, but it’s a completely different offering. The house has 5,200sf with pool on a half-acre lot – with no threat of golf balls hitting you while in the backyard. My buyers thought the price – […].
Realty Biz
JUNE 3, 2022
When leasing out your commercial property to a business, you are taking on certain risks. These individuals may default on payments, damage your building, or cause other issues. If you want to get ahead of such problems and limit how much you may be liable for as well, here are the top guidelines to follow: Protect Yourself Against Liability. Yes, you can be held liable for various things when you rent out your building.
Redfin
JUNE 3, 2022
Living in the Sunshine State, as Florida is nicknamed, is a popular choice among retirees and families. The state boasts year-round warm weather, beautiful beaches, and many opportunities for recreation and entertainment perfect for anyone. From the bustling city life of Miami to the laid-back atmosphere of the Gulf Coast, there’s something for everyone in Florida.
RISMedia
JUNE 3, 2022
By Kara Masterson Maybe there's a leak in your attic. Maybe you've noticed cracked or broken shingles. There are many reasons why you might need to replace your roof, but as with other home improvement projects, there are optimal and sub-optimal times to get it done. Here are just a few considerations when you're wondering […]. The post When Is the Best Time to Replace Your Roof?
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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.
Mashvisor
JUNE 3, 2022
Property management companies may assist with the day-to-day activities of your residential or business properties. Table of Contents What Does a Property Management Company Do?
Redfin
JUNE 3, 2022
While Nashville is widely known as the “Music City” – music isn’t the only thing that makes Tennessee’s largest city famous. Nashville is also a foodie’s paradise – with everything from traditional Southern cuisine to upscale, fine dining. Whether you’re renting an apartment in Nashville , staying at an Airbnb for the week, or just passing through, you’ll want to check out the city’s best hidden food gems.
Mashvisor
JUNE 3, 2022
When will the housing market crash again? This has been a hot topic among real estate professionals and enthusiasts for quite some time now.
Realty Biz
JUNE 3, 2022
The LGBTQ+ Real Estate Alliance , one of the nation’s leading LGBTQ+ trade organizations with more than 2,300 members, has kicked off the annual June Pride Month celebration and will host more than 25 events for the real estate industry and consumers. “A lot of folks don’t realize that Pride Month, which is now celebrated around the world, was founded in June of 1970 when Manhattan’s Greenwich Village community returned to Stonewall, a well-known LGBTQ+ club, to honor the one-year anniversary of
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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.
Redfin
JUNE 3, 2022
It doesn’t matter if you’re moving for the fifth time or a first-time homebuyer. The moving process can be incredibly stressful. There’s the time investment, the fear of valuable belongings breaking, and, of course, all those cardboard boxes. You may be asking yourself, “How many boxes do I need to move?” The short answer: it depends. While there is no concrete rule or formula to determine exactly how many moving boxes you’ll need, there are a few ways to estimate that number.
The Close
JUNE 3, 2022
If you’re ready for an exciting new career, let us introduce you to the best Tennessee real estate schools. Your Tennessee real estate career starts with 90 hours of prelicensing coursework. With so many schools to choose from, we wrote this guide to help you find the best school for your schedule, budget, learning style, and more. We evaluated features like the quality of instruction, user experience, affordability, and convenience.
Fancy Pants Homes
JUNE 3, 2022
A piece of New York theatre history is up for grabs. A pre-war condo in Hell’s Kitchen — complete with 12-foot ceilings, oversized windows, and a 400-square foot loft — was recently listed for sale. But despite the home’s many attribute, it’s the building’s storied past that caught our eye. The condo sits in a pre-war condo building at 414 West 51st Street that was once The Cubiculo Theater, which housed New York’s Shakespeare Theater.
Housing Wire
JUNE 3, 2022
United Wholesale Mortgage ’s CEO Mat Ishbia is a finalist to buy the Denver Broncos, which have been up for grabs since February 2022. As first reported by 9NEWS , four contenders are currently in the running to snatch the team: Ishbia and his brother Justin Ishbia, who owns 22% of UWM; Josh Harris, owner of NBA Philadelphia 76ers and NHL New Jersey Devils; Rob Walton, son of Sam Walton, who was the founder of Walmart; and Jose Feliciano, co-owner of Clearlake Capital, which was the money behind
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BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.
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