McKissock
AUGUST 3, 2022
In real estate, when it comes to building your business, converting leads is the name of the game. One of the top ways of convincing those potential clients that you’re the right agent for them is by creating a pristine listing presentation. A listing presentation is essentially an interview to represent a potential seller in a real estate transaction.
Housing Wire
AUGUST 3, 2022
To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. In less than a year, we went from 2.78% on the 30-year fixed to as high as 6.28% , then recently got as low as 5% — only to have another move higher this week to 5.30%. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% to 4.5%.
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Keeping Current Matters
AUGUST 3, 2022
If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this.
Housing Wire
AUGUST 3, 2022
Distressed mortgages dating back to the height of the pandemic are expected to fuel a jump in foreclosure activity over the next 12 months, although the foreclosure rate is still expected to remain below the pre-pandemic historical average, a new report from Auction.com contends. The prediction by one of the nation’s leading marketplaces for distressed assets, is based on a survey of some 50 Auction.com clients, including private-sector mortgage servicers and government-sponsored enterprises (GS
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Eye on Housing
AUGUST 3, 2022
The share of prospective home buyers who are actively engaged in the process to buy a home rose to 49% in the second quarter of 2022, after declining for three straight quarters. The pivot is likely driven by less competition from buyers who have exited the market, which has encouraged many of those remaining to become active buyers. Except for.
Housing Wire
AUGUST 3, 2022
New American Funding has laid off hundreds of employees across multiple rounds of workforce reductions this year, multiple former employees told HousingWire. The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 3, 2022
South Carolina-based Movement Mortgage has hired two executives away from rival Fairway Independent Mortgage to boost the growth and development of its distributed retail sales team. The nonbank lender named the 34-year veteran Sarah Middleton to the new position of chief growth officer to attract, onboard and develop sales leaders. Meanwhile, Kevin McGovern will be the director of coaching, responsible for creating a coaching platform.
Lighter Side of Real Estate
AUGUST 3, 2022
When you’re selling your house, you want to make as much money as you can, as quickly as possible, and with the least amount of interruption to your life. So when you come across an “iBuyer” company that offers to buy your house for fair market value, without having to put it on the market, and not having to pay real estate commissions, it can sound super appealing.
Housing Wire
AUGUST 3, 2022
Is there a new way to address the truth about staffing in the mortgage industry? When will we learn to be more transparent to our employees — people with families and bills — and stop the endless flow of layoffs? While taking with Clayton Collins, CEO of HW Media, he used the term “elasticity” when describing the housing market and mortgage employment.
BubbleInfo
AUGUST 3, 2022
There will be a few more late-reporters, but it looks like this year’s July sales will be about half of what they were last year: NSDCC (La Jolla to Carlsbad) July Sales Year Number of Detached-Home Sales Median Sales Price Median DOM 2016 273 $1,100,000 45 2017 260 $1,243,250 19 2018 271 $1,280,000 27 2019 […].
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.
Housing Wire
AUGUST 3, 2022
National appraisal management company Class Valuation is extending its reach, with the acquisition of yet another appraisal management company. The AMC today announced the acquisition of AppraisalTek, a Chandler, Arizona-based AMC, for an undisclosed sum. Class Valuation said it would bring on AppraisalTek’s 75 full-time employees. AppraisalTek was founded in 2003 by Robert Oglesby.
Marco Santarelli
AUGUST 3, 2022
Recent projections for the Arizona housing market indicate that home prices may continue to rise steadily through 2022 and into 2023. The AZ housing market has experienced two consecutive years of record-breaking price rises. Home prices continue to rise as a result of a lack of available properties and high buyer demand. Arizona's real estate market experienced a historic price increase last year.
Housing Wire
AUGUST 3, 2022
From tech adoption and innovation to M&A activity and partnerships, there have been a lot of shifts in the title sector, making “The Future of Title” session one of the can’t-miss panels this year at HW Annual on Oct. 4. Mortgage and real estate professionals will want to pay close attention to this panel as the speakers discuss what the next year has in store for all things title, including insights into the latest innovations and the potential of blockchain to transform the industry.
The American Genius for Real Estate
AUGUST 3, 2022
Marketing ideas are often expensive or ultra time consuming, but let's talk about some proven tactics that won't break the bank. The post 7 budget-friendly marketing ideas for more leads appeared first on The American Genius Real Estate.
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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.
Housing Wire
AUGUST 3, 2022
Home equity climbed to a historic high of $11.5 trillion in the second quarter, but it could be nearing its peak as major equity-rich markets on the West Coast begin to show signs of decline. Tappable equity, the amount available for homeowners to access while retaining at least 20% equity in their homes, rose again for the 10th consecutive time, according to Black Knight.
Maximum Exposure Real Estate
AUGUST 3, 2022
Another way of asking when can sellers keep earnest money is how can a buyer forfeit it. When buying a home, the vast majority of the time you will be required to put up earnest money or good faith deposit. The typical earnest money amount is between one to five percent of the purchase price. […]. The post When Can a Seller Keep Earnest Money Deposits in Real Estate appeared first on Maximum Real Estate Exposure.
Housing Wire
AUGUST 3, 2022
On the strength of its servicing segment, California-based Pennymac Financial Services delivered a $129.2 million profit in the second quarter, which was down 25.6% quarter-over-quarter and 36.7% year-over-year, the company reported Tuesday. The nonbank lender’s top executives said the company reported a strong performance given the downturn in mortgage originations.
Realty Biz
AUGUST 3, 2022
The rental market heavily favors landlords these days which means that it is a great time to see some big profits. Many landlords are making great money and are looking to keep the tap flowing. Others are wondering why they are not seeing those same profits and can’t take advantage of the situation. There is a lot of money being left on the table by some landlords who aren’t aware of how they need to change their habits to make more money during this opportunity.
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.
Eye on Housing
AUGUST 3, 2022
In the second quarter iteration of the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices, banks reported largely unchanged lending standards across all residential real estate (RRE) loans. Major net shares of banks reported weaker demand for most RRE loans except for home equity lines of credit, for which a significant net share of banks.
Realty Biz
AUGUST 3, 2022
Mortgage rates took a sharp turn lower last week, just one day after the Federal Reserve raised its benchmark rate. The average 30-year fixed-rate mortgage fell to 5.22% on Thursday, down from 5.54% earlier in the week, shortly after the Fed announced another rate hike. Mortgage News Daily reported that the average rate fell even further on Friday, to 5.13%.
HomeLight
AUGUST 3, 2022
Anyone who’s worked a good part of their adult life to build a business doesn’t just close up shop, lock the door, and walk away into the sunset to retire on an island, leaving all of their assets behind and customers lined up at the door, earnestly, waiting to get inside. No. Now, that would be insane. What they do is leverage the value of what they have built while creating an opportunity for someone else to benefit from their hard work–by selling that business.
Realty Biz
AUGUST 3, 2022
CENTURY 21 AllPoints is pleased to welcome Tom Shrum as Regional Vice President of Sales. covering Fairfield County and the Connecticut Shoreline. A member of the Mid-Fairfield County Association of REALTORS®, Shrum, a third generation. Realtor® brings over 43 years of experience in real estate sales and business management. Shrum’s most recent role was as a Licensed Real Estate Broker with William Pitt Sotheby’s.
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.
Lighter Side of Real Estate
AUGUST 3, 2022
Referrals from friends, family, and past clients are the lifeblood of a real estate agent’s business. Ideally the people you know would just remember to refer clients to you whenever someone they know wants to buy or sell, but they don’t always remember how much they mean to you. That’s why it’s so important for agents to constantly remind people how much referrals mean to them and their business.
Realty Biz
AUGUST 3, 2022
While in college, many students quickly get tired of living in a crowded and noisy dorm and decide to move into a rented apartment to have more privacy and freedom. At first glance, renting in college can seem like a good idea, and it really can be. But, at the same time, there are many related pitfalls that you must be aware of. What are these pitfalls?
Real Trends
AUGUST 3, 2022
Although becoming a real estate agent doesn’t involve significant startup costs, nothing in life is free. Like any other small business, you’ll need a budget to cover your expenses. But, unlike other startups, you’ll need a large financial cushion to manage your expenses. If you prepare for the following unavoidable or unexpected costs, you’ll be in a better position to stay on track.
Sotheby's International Real Estate
AUGUST 3, 2022
Featuring curated videos from the most sought-after destinations the world over, discover this week’s Video of the Week. ?. Park City, Utah | Abbi Lathrop Martz & Bill Ligety, Summit Sotheby’s International Realty. Walls of Sage electrochromic glass capture unparalleled views of the ski slopes of Deer Valley and Park City, lights of Historic Main Street, Uinta Mountains, and Snyderville Basin.
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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.
Mandrona Group
AUGUST 3, 2022
Edmonds Chamber of Commerce is proud to share that this year’s Taste Edmonds is all-ages, and will offer live music. Read More.
Coldwell Banker
AUGUST 3, 2022
Coldwell Banker® 30 Under 30 winners have already made their mark in real estate and achieved success in sales, philanthropy and leadership. The post Sparta, N.J. Real Estate Agent Chris Ohab Named Coldwell Banker 30 Under 30 Award Winner For 2022 appeared first on Coldwell Banker Blue Matter.
Redfin
AUGUST 3, 2022
Also known as “The Lone Star State,” Texas is home to a number of well-known cities such as Austin , Dallas , and Houston. However, you may be curious about what cities in the state are growing the fastest. To figure this out, we compiled a list of the fastest-growing cities in Texas that saw the greatest population increase over a 5-year span from 2017 to 2021.
Windemere Selling
AUGUST 3, 2022
The math of a home sale is relatively straightforward. Sellers list their home at a certain price, a buyer makes an offer, and eventually the two parties reach a final, agreed-upon price. However, between these two points in the selling process, there are several other figures that go into to setting a home’s value that you should be aware of. Your real estate agent will be your best resource in interpreting the different values associated with your home and what they mean as you prepare to sell
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.
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