Wed.Sep 07, 2022

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Expert Forecasts on Mortgage Rates

Keeping Current Matters

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year.

Mortgages 236
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NewRez debuts 40-year non-QM mortgage product

Housing Wire

Top mortgage lender NewRez has added to its line of “Smart Series” non-QM products, launching a 40-year fixed-rate interest-only mortgage loan. With the 40-year IO mortgage, borrowers make interest-only payments for the first 10 years, which NewRez says increases their purchasing power and allows for more affordable monthly payments. (It also slows the amount of equity borrowers have in the property.).

Mortgages 433
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Contingent-Offer Season?

BubbleInfo

Over the last few years there are two groups of buyers who have been left behind; the self-employed who have a tough time qualifying for a mortgage, and the contingent buyers because there have been enough non-contingent buyers that sellers would prefer. There hasn’t been any relief for either group, and probably none forthcoming. Those […].

Mortgages 105
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Rocket preemptively raises 2023 conforming loan limits for brokers

Housing Wire

The wholesale arm of Rocket Mortgage on Tuesday raised anticipated agency conforming loan limits to $715,000, a sign that the nation’s largest mortgage lender is confident the maximum loan limit set by the federal government will rise by at least 10% in 2023. The increased loan limits for mortgage brokers apply to new registrations and locks effective Sept. 6, the lender said Tuesday.

Loans 457
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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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Inside Palm Beach’s Clarendon Estate

Sotheby's International Real Estate

A familiar verdant sight along the storied thoroughfares of Palm Beach, tall manicured hedges ring the perimeter of this magnificent property just steps from the town’s waterfront. Within those confines is an enviable estate comprising two oversized lots—one of which is dedicated to a formal jardín that reflects the influence of classically designed gardens the world over.

Design 91

More Trending

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ERA® REAL ESTATE EXPANDS ITS PRESENCE ALONG THE GREATER MISSISSIPPI GULF COAST WITH AFFILIATION OF POWER MARK PROPERTIES ERA POWERED®

Realty Biz

ERA ® Real Estate , a global franchising leader within the Anywhere SM portfolio of brands, announced today that PowerMark Properties based in Biloxi, Mississippi, has affiliated with the ERA ® brand. Now known as PowerMark Properties ERA Powered, the firm serves military personnel, retirees, investors and first-time home buyers in the greater Mississippi Gulf Coast region from Louisiana to Alabama.

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Mortgage demand continues to fall amid pressure on rates

Housing Wire

Demand for mortgage loans declined last week as the markets continue to exert pressure on rates. With the 30-year fixed-rate hovering above the 6% level again , there’s no sign of a rebound in applications yet, despite a robust job market and growing housing inventory. The market composite index, a measure of mortgage loan application volume, fell 0.8% for the week ending Sep. 2, compared to the previous week, according to the Mortgage Bankers Association (MBA).

Mortgages 404
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Third Brooklyn Heights Designer Showhouse Set to Open This Month

Brownstoner

After a pandemic delay, the third Brooklyn Heights Designer Showhouse will debut this month. Designers are busy putting finishing touches on the Greek Revival townhouse at 145 Columbia Heights before the transformed spaces are unveiled to the public on September 23. The showhouse serves as a fundraiser for the Brooklyn… Read More > The post Third Brooklyn Heights Designer Showhouse Set to Open This Month appeared first on Brownstoner.

Design 88
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Prepare for 2023 with these HousingWire Annual panels

Housing Wire

Setting your sights on the future is important for any business owner, agent or loan officer looking to find success in the ever-changing housing market. At HousingWire Annual , plenty of speakers and panels will be looking ahead to 2023 and discussing the trends and changes that all industry professionals should be anticipating. . The Future of Marketing panel on Oct. 3rd will feature Rick Webster , Lender Price , Amy Moses, Escrow Tab , Sara Holtz, ICE Mortgage Technology and Cory Jo Vasquez,

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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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Now May Be the Perfect Time to Sell Your House If You Aren’t Planning on Buying Another Home

Lighter Side of Real Estate

You’ve probably been hearing in the news lately that the real estate market is “shifting.” Well, according to this realtor.com article , many economists feel that we’ve moved from shifting into a “balanced” market. In other words, it’s not really a sellers’ market or a buyers’ market. That may have you thinking that it’s not as favorable for sellers as it has been, and you missed out on the opportunity to get a historically high price for your house.

Equity 79
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How mortgage companies can add revenue certainty in uncertain times

Housing Wire

Fast-rising rates. A staggering drop in mortgage applications. Skyrocketing inflationary costs. Falling stocks and layoffs making headlines for mortgage giants across the industry. The entire mortgage market is in flux like few times in history. As the lending arm of mortgage companies can no longer depend on new loans or the rate-based refinancing that’s kept them afloat throughout the pandemic, the value of mortgage servicing rights is serving as a lifeline.

Mortgages 404
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Women are making strides in commercial real estate

Real Trends

In recent years, more women have been making serious strides in commercial real estate, and women-owned businesses are on the rise. According to a 2020 Commercial Real Estate Women (CREW) report , women made up just 36% of the industry, while women holding executive positions only amounted to 9%. Additionally, a number of organizations in the commercial real estate (CRE) industry have been formed, such as CREW, to support women in the industry and promote diversity.

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Video of the Week: A Modern Mountain Home in St. Helena, California

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. ???. St. Helena, California | Carole Sauers, Healdsburg Sotheby’s International Realty. A modern statement in luxury and design. Architect Regan Bice sited this masterpiece to take advantage of 360-degree views which include Spring Mountain’s vineyards, the Napa Valley floor, Mt.

Design 67
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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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Daily Links: Private Equity Big Names Snap Up Unregulated Buildings in Brooklyn

Brownstoner

In the News You’ve Seen a Bodega Cat. How About a Barber Shop Rooster? [NYT] New York’s Communal Summer Ritual: Grilling [NYT] Canarsie Bishop Sues Men Who Claimed He’s a Scammer [NYP] Fixing NYC’s 50K Illegal Homes Would Cost $14 Billion: City [NYP] Portraits of Brooklynites Beating the Late Summer Heat [BK Mag] Red Hook Deli… Read More > The post Daily Links: Private Equity Big Names Snap Up Unregulated Buildings in Brooklyn appeared first on Brownstoner.

Equity 75
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How a leader should approach their strengths and weaknesses

The American Genius for Real Estate

There tends to be two camps of leaders, those who lead from strength and those from weakness. But who says you can't do both?

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Prospect Heights Brownstone With Six Fireplaces, Dumbwaiter, Central Air Asks $4.85 Million

Brownstoner

This 1890s brownstone offers an abundance of space, period details in fine condition and modern amenities like central air and updated wet rooms. In the Prospect Heights Historic District and just a short walk from Grand Army Plaza, 294 Park Place is unusually well preserved and recently renovated. The row… Read More > The post Prospect Heights Brownstone With Six Fireplaces, Dumbwaiter, Central Air Asks $4.85 Million appeared first on Brownstoner.

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Get to Know San Antonio: What to Explore in Your New City

Redfin

San Antonio is a large yet charming city that offers something for everyone, whether you’re a foodie, art lover, an outdoor enthusiast, or something in between. There are so many unique and lively neighborhoods that make up the city – so if you’ve just moved into an apartment in downtown San Antonio or just bought a house in the San Antonio suburbs , be sure to get out and explore all that the city has to offer. .

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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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How to adjust your marketing strategy from Millennials to Gen Z

The American Genius for Real Estate

Gen Z will have more purchasing power, be prone to spending, and will be at a homebuying age before you know it - it's time to adapt.

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How to Find Profitable Vacation Rentals for Sale in North Carolina

Mashvisor

North Carolina is one of the most pleasant places on the East Coast. But is buying vacation rentals for sale in North Carolina a sound investment?

Sales 68
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RPR app: Map Actions Menu

Realtors Property Resource

See how to create a custom search area, view traffic counts, research schools, and more! The post RPR app: Map Actions Menu appeared first on Realtors Property Resource (RPR).

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10 Pros and Cons of Living in Arizona

Redfin

There are many things to take into account if you’re thinking of moving to Arizona. From the natural beauty of the Grand Canyon to the bustling city life of Phoenix, there’s something for everyone in this southwestern state. That said, just like any other state, there are drawbacks to Arizona as well. So if you’re considering buying a home in Mesa , renting an apartment in Scottsdale, or moving to another one of Arizona’s unique cities, here’s what you need to know about the p

Land 60
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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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The new Chrome is now available, here’s what changed

The American Genius for Real Estate

Chrome is the most widely used browser, and with availability on Mac, Windows, and Linux, there's no shortage of users and neat updates.

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4 Cities Near Philadelphia to Buy or Rent in this Year

Redfin

Home to the Liberty Bell, the Declaration of Independence, and Philly cheesesteaks – there’s much to love about the City of Brotherly Love. That said, big city living isn’t for everyone. And if that’s you, we can help you find the right city near Philadelphia to move to instead. . Check out these four cities near Philadelphia, each with its own features and charm and within easy commuting distance of Philly. . #1: Upper Darby, PA.

Sales 58
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Fun Activities Continue on Vanderbilt Avenue With Open Street Programming This Month

Brownstoner

Summer may feel over but, with temperatures poised to stay in the mid-70s and high 60s for a few more weeks, Brooklyn’s open streets will remain just that -- open -- to provide locals and visitors alike with the space to safely enjoy themselves while they still can in the… Read More > The post Fun Activities Continue on Vanderbilt Avenue With Open Street Programming This Month appeared first on Brownstoner.

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9 Cities Near New York City to Buy or Rent in this Year

Redfin

New York City, NY , “The Big Apple,” “The City that Never Sleeps,” or whatever you’d like to call it, is one of the most iconic cities in the US. A cultural, financial, and media capital that significantly influences commerce, entertainment, research, technology, education, politics, tourism, art, fashion, and sports, New York City is unparalleled. .

Sales 54
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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.