Wed.Aug 31, 2022

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Buyers: You May Face Less Competition as Bidding Wars Ease

Keeping Current Matters

One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars.

Marketing 235
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Verification provider Xactus hires chief compliance officer

Housing Wire

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

Lending 370
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Early 2022 Was The Culprit

BubbleInfo

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 […].

As-is 119
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Mortgage apps decline 3.7% as rates surge

Housing Wire

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).

Mortgages 370
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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.

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Latest Housing Market News

Marco Santarelli

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

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Flueid Decision brings powerful data and analytics to the start of the loan life cycle to enhance underwriting

Housing Wire

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.

Loans 370

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Former Vanguard Funding exec sentenced to 2 years in prison

Housing Wire

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.

Banks 370
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Another Day, Another Brilliant Rental Scam!

Toronto Realty Blog

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.

Banks 100
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A day in the life at HW Annual Oct. 3-5

Housing Wire

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?

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Faces and prices

1000Watt

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.

Title 98
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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.

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homegenius Real Estate’s geniusprice allows agents to conduct pricing estimates in as little as five minutes

Housing Wire

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

Agents 369
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What Is Real Estate Social Networking and Their Platforms?

Realty Biz

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.

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CreditXpert’s predictive analytics platform helps more applicants qualify for mortgages

Housing Wire

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.

Mortgages 368
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Revolving Consumer Credit Posts Double-Digit Increase in Q2 2022

Eye on Housing

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.

Loans 94
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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.

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Lenders can reduce costs per loan by up to $258 per file using the Reggora Appraisal Management Platform

Housing Wire

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.

Loans 368
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July buyer demand for housing continues to rebalance

Real Trends

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.

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Cornerstone Home Lending to buy The Roscoe State Bank

Housing Wire

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.

Lending 367
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Coldwell Banker Around the World: August 2022

Coldwell Banker

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.

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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.

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With NTC’s PerfectDocs, servicers can prepare, execute, notarize and record lien releases directly

Housing Wire

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.

Title 367
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Email marketing basics that every business should follow

The American Genius for Real Estate

Here are some quick tips that any business or brand can use to make sure each marketing email is helping, not hurting.

Marketing 104
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Fintech Product Showcase

Housing Wire

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

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Agents, it’s time you use LinkedIn. Here’s how

Real Trends

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.

Agents 79
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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.

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First American Data & Analytics’ FraudGuard quickly and accurately flags multiple types of risk on loan apps

Housing Wire

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

Loans 353
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Top 10 Coldwell Banker Stories of the Month – August 2022

Coldwell Banker

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.

Agents 77
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Jumbo Bungalow With Mantels, Pool, Garage Near Gingerbread House in Bay Ridge Asks $4.95 Million

Brownstoner

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.

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Video of the Week: A Masterclass in Luxury in British Columbia, Canada

Sotheby's International Real Estate

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.

Design 63
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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.

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Family-Owned Bay Ridge Diner Famous for Its Homemade Ice Cream Closes After 125 Years

Brownstoner

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.

Closing 69
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Home Prices Drop in July as Demand for Housing Cools

Mashvisor

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.

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5 Best Kentucky Real Estate Schools for 2022

The Close

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!

Agents 59
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Homebuyers are not turned off by intense drought

Real Trends

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

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.