Buyers: You May Face Less Competition as Bidding Wars Ease
Keeping Current Matters
AUGUST 31, 2022
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars.
Keeping Current Matters
AUGUST 31, 2022
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars.
Housing Wire
AUGUST 31, 2022
Xactus tapped Ross Gloudeman as the verification solutions provider’s general counsel and chief compliance officer. The executive will be responsible for strengthening Xactus’ regulatory compliance framework and administering regulatory changes required by the credit and mortgage industries, the firm said. Gloudeman started on Tuesday. . Gloudeman’s career in mortgages and financial services will help “modernize compliance strategies for the quickly evolving mortgage landscape” as traditio
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BubbleInfo
AUGUST 31, 2022
Yesterday’s Case-Shiller Index for San Diego was 425.26, which is 11% higher than it was in January. But check how the trend increased between January and now. Prices rose as fast as ever in early 2021 (yellow above). If they would have mellowed out along my red line, then we would have experienced slightly-increasing prices […].
Housing Wire
AUGUST 31, 2022
Demand for mortgage loans declined last week when mortgage rates surged due to Federal Reserve Chairman Jerome Powell ’s speech indicating that combating persistent inflation will cause some pain now. . The market composite index, a measure of mortgage loan application volume, fell 3.7% for the week ending Aug. 26, compared to the previous week, according to the Mortgage Bankers Association (MBA).
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Marco Santarelli
AUGUST 31, 2022
Goldman Sachs Chief Economist Jan Hatzius asserted that further housing pressure is likely, writing in a new note ominously titled: “Housing Downturn: Further to Fall.” Here are Hatzius' two predictions on the housing market for 2023. Forecast on Home Sales: “The sustained reduction in affordability, waning pandemic tailwind, and recent decline in purchasing intentions suggest that home sales are likely to fall further on the net: we forecast existing home sales of 4¼ million i
Housing Wire
AUGUST 31, 2022
The global collective experienced significant turbulence during the pandemic years. As the world population was forced to press pause on many of life’s biggest milestones, innovation took hold and companies found new ways to conduct business through the digital landscape. For the mortgage industry, the dash toward virtual solutions and reliable fintech was crucial to reigniting the journey for hopeful home buyers.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 31, 2022
Edward Bohm, former president of sales and co-owner of mortgage lender Vanguard Funding was sentenced to two years in prison for pocketing more than $8.9 million from warehouse lenders along with two other former executives at the firm. The United States Attorney for the Eastern District of New York on Tuesday also ordered Bohm to pay $3.5 million in restitution and $1.5 million in criminal forfeiture for his connection with the diversion of warehouse loans.
Toronto Realty Blog
AUGUST 31, 2022
TorontoRealtyBlog. What’s the best rental scam I’ve ever seen in practice? Well, I suppose it depends on how you define “best.” Is the best scam the one that generates the most money? Or is the best scam simply the most elaborate? While I’m going to detail a rental scam that I witnessed, first-hand, earlier this year, first I need to regale you with the story of the truly “best” scam I’ve ever seen work.
Housing Wire
AUGUST 31, 2022
You’ve enjoyed and learned from dozens of articles over the past few weeks, highlighting the panels and speakers at HW Annual. Exciting leaders like Marc King, AJ Barkley, Rene Rodriguez and William Lyons, will speak to attendees in fireside chats and panels like “The Amazon of Real Estate. ” But, what does a day in the life at HousingWire Annual actually look like?
1000Watt
AUGUST 31, 2022
Why is so much real estate marketing, aside from listings, just faces and prices? The postcards roll into my mailbox like this: Impeccably dressed, smiling Realtor situated to the side of the latest neighborhood sale price. There’s a chart. A website URL. Phone number. She’s wearing a well-tailored dress. Designer shoes. She’s implying she made this price happen with her proprietary magic formula.
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 31, 2022
So much has evolved in the real estate process – agents and brokers no longer flip through the pages of MLS books, thumb through a Rolodex or fill out carbon copy contracts with their clients. However, one element of the real estate process that hasn’t seemed to progress is the Comparative Market Analysis, or CMA, which is created to establish a price for a property. homegenius recognized the industry’s need for an updated, smarter way to create pricing estimates for homes – one that utilizes cu
Realty Biz
AUGUST 31, 2022
According to the latest real estate market trends, 50% of home buyers find their new home online. This means that when selling property, having a real estate social network presence is essential. But with so many social media platforms to choose from, how do you know which one will bring you the most benefit? After all, no one likes throwing good money after bad investments.
Housing Wire
AUGUST 31, 2022
There’s no denying that today’s home buying journey is entirely different from a decade ago. Lenders and applicants alike rely on powerful tools and technology that increase transparency and create ease, speed and convenience. With more than 20 years of experience, CreditXpert has rolled with the punches brought on by a turbulent housing market and has excelled at adapting to the industry’s growing digital revolution and shift towards fast fintech solutions.
Eye on Housing
AUGUST 31, 2022
Non-real estate consumer credit grew at a seasonal adjusted annual rate (SAAR) of 8.7% in the second quarter of 2022 according to the Federal Reserve’s latest G.19 Consumer Credit report. Revolving debt climbed 14.6% (SAAR), double the increase in nonrevolving debt (+6.9%). Total consumer credit currently stands at $4.6 trillion, with $1.1 trillion in revolving debt and $3.5 trillion in.
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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 31, 2022
As more aspects of the mortgage process venture into the online realm, appraisal remains a bottleneck that regularly causes significant delays and loss in profit. With so many costs and slowdowns being attributed to inefficient appraisals, the opportunity that online appraisal presents is enormous, leaving no room for lenders to forsake fintech solutions that focus on this pivotal part of the process.
Real Trends
AUGUST 31, 2022
While the Burlington, Vermont market continues to see double-digit showings per listing in July, home showing traffic softened throughout the U.S. The real estate market continues to normalize after last year’s record surge, according to the latest data from the ShowingTime Showing Index®. The year-over-year dip in buyer activity follows a general market rebalancing that’s taking place across the country as available inventory increases while fewer buyers actively shop for homes.
Housing Wire
AUGUST 31, 2022
Houston-based nonbank mortgage lender Cornerstone Home Lending announced on Wednesday it has received all regulatory approvals to acquire traditional depository The Roscoe State Bank, a deal that will expand its operations beyond the traditional mortgage business. Expected to close around Oct. 1, the transaction will create a financial institution called Cornerstone Capital Bank , with more than $380 million in capital and $1.5 billion in assets, the companies claim.
Coldwell Banker
AUGUST 31, 2022
Drogheda is a long-established port town located on the River Boyne with a village feel and a wealth of unique attractions. Read on to learn more about this historic town and add another reason why it’s time to visit Ireland! The post Coldwell Banker Around the World: August 2022 appeared first on Coldwell Banker Blue Matter.
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.
Housing Wire
AUGUST 31, 2022
Outsourcing or hiring in-house compliance experts are no longer the only options for servicers who need help handling lien releases and assignment of mortgage documents. With the use of PerfectDocs technology, virtually anyone can prepare, validate, execute, notarize and even record these documents within minutes without compromising the integrity or validity of the document.
The American Genius for Real Estate
AUGUST 31, 2022
Here are some quick tips that any business or brand can use to make sure each marketing email is helping, not hurting.
Housing Wire
AUGUST 31, 2022
In a market where profit margins are under pressure, lenders need the right technology to enhance efficiency and profitability. Lenders also need to be able to communicate effectively with their partners and stakeholders in order to reduce turnaround times. And the insights they can gain from data and analytics are more important than ever. The 12 companies featured in this section offer solutions that help lenders and other real estate professionals digitize their workflows, mitigate risk and b
Real Trends
AUGUST 31, 2022
It’s sometimes easy to forget that LinkedIn is a social media platform. After all, there aren’t many pictures of food or pets, no funny memes for viral tweets. While it’s all business, it’s also a social media platform — with all the marketing and networking potential of Facebook or Instagram. In fact, because LinkedIn is all about business, it’s arguably the best social media platform for a real estate agent to grow their presence and to generate leads.
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.
Housing Wire
AUGUST 31, 2022
Fraud risk is growing as the market shifts away from traditionally low-risk refinances and moves toward a purchase and home equity driven market. First American Data & Analytics’ FraudGuard solution, a leading fraud, compliance and verification suite, is the right product for these market conditions, as it significantly reduces fraud risk. The industry-leading solution integrates the industry’s largest property ownership and public record data sets, including homeowners’ association contact
Coldwell Banker
AUGUST 31, 2022
Extra, extra! Read the top 10 news items that ran in August about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – August 2022 appeared first on Coldwell Banker Blue Matter.
Brownstoner
AUGUST 31, 2022
After a long, hot summer a pool sounds enticing, but that isn't the only thing this early 20th century standalone in Bay Ridge has to offer. The Arts and Crafts style stucco home has intact period details like mantels, wainscoting and built-ins along with a garage and a generously sized… Read More > The post Jumbo Bungalow With Mantels, Pool, Garage Near Gingerbread House in Bay Ridge Asks $4.95 Million appeared first on Brownstoner.
Sotheby's International Real Estate
AUGUST 31, 2022
Featuring curated videos from the most sought-after destinations the world over, discover this week’s Video of the Week. ???. Penticton, British Columbia, Canada | Nathan Flavel and Natalie Walstrom, Sotheby’s International Realty Canada. Set along the shores of Okanagan Lake, at the foot of the Naramata Bench, 587 is a masterclass in luxury, lifestyle, and design innovation.
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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.
Brownstoner
AUGUST 31, 2022
Anopoli, the family-owned Bay Ridge diner known for its homemade ice cream, has closed after more than a century on 3rd Avenue. Owners of the eatery posted the announcement outside of their business over the weekend. “After 26 years, we decided it is time to close our doors,” their message read. “We… Read More > The post Family-Owned Bay Ridge Diner Famous for Its Homemade Ice Cream Closes After 125 Years appeared first on Brownstoner.
Mashvisor
AUGUST 31, 2022
Redfin recently released a report that shows how home prices went down in July 2022. More than 15% of sellers lowered their asking prices in 97 US metros.
The Close
AUGUST 31, 2022
Are you looking for Kentucky real estate schools to launch your new career in the Bluegrass State? You’ll start by completing a required 96-hour prelicensing course before sitting for the Kentucky real estate exam. We’ve chosen our top picks of Kentucky real estate schools to suit every budget, schedule, learning style, and more. If you’re ready for a rewarding and flexible career in real estate, let’s jump in!
Real Trends
AUGUST 31, 2022
More people are moving in than out of places experiencing intense drought conditions , according to a report from Redfin published Wednesday. In 34 out of the 129 (26%) metros analyzed, more than 50% of homes experienced intense drought in mid-August. Of those 34 metros, 25 saw net inflows in the second quarter of the year. A year ago, just 23% of the metro areas analyzed by Redfin had more than 50% of homes experiencing intense drought in mid-August and just 70% of those metros saw net inflows
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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