Fri.Jan 15, 2021

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Porch breaks into insurtech with $100M acquisition

Housing Wire

Fresh off a SPAC merger and public offering that loaded the company with roughly $200 million in fresh capital, proptech firm Porch made four acquisitions this week, notably investing $100 million in an insurtech company. Porch, led by CEO Matt Ehrlichman, acquired home insurance company Homeowners of America , mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing.

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Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table. Along the way, be sure to discuss any changes in income, assets, or credit with your lender, so you don’t unintentionally jeopardize your application. The best plan is to fully disclose your intentions with your lender before you do anything financial in nature.

Mortgages 252
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People movers: Cherry Creek Mortgage, Knock, Radian, Atlas Title

Housing Wire

HousingWire’s people mover section covers the latest hiring announcements in the real estate and mortgage industry. Kicking off this week’s leadership announcements, Cherry Creek Mortgage changed its structure and ownership. Through the restructuring, the company stated that it is 100% owned by the family of its co-founder, Jeffrey May, and announced the introduction of a new parent company of Cherry Creek Mortgage and other affiliated businesses, Cherry Creek Holdings , which May will serve as

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Led by Lumber, Building Materials Prices Climb 5.4% in 2020

Eye on Housing

Prices paid for goods used in residential construction ex-energy rose 0.7% in December (not seasonally adjusted) and ended the year 5.4% higher than they stood in December 2019, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices declined just twice over the.

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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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Wells Fargo continues to cede mortgage market share

Housing Wire

Wells Fargo , the second-biggest mortgage lender in the nation, continued to cede market share to nonbank rivals in the fourth quarter of 2020. The lender originated $53.94 billion in the fourth quarter, a 12.5% decline from the prior quarter , when the bank originated $61.6 billion in mortgages. It also represents a not-insignificant decline from the $59.8 billion the San Francisco-based bank originated in the fourth quarter of 2019.

Mortgages 396
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Millennials Are Fleeing Toronto, Canada’s National Stats Agency Confirms

Better Dwelling

Toronto’s millennials, and their kids, are moving to other parts of the province. Statistics Canada (Stat Can) data shows Toronto printed another net loss for intraprovincial migration in 2020. Tens of thousands more people left for other parts of the province than arrived. The trend of losses has been consistent for years, but ramped up […].

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Is Your ‘Clutter’ Worth Thousands of Dollars? 9 Items You Should Sell Rather Than Toss Out

Realtor.com

Kemter / Getty Images Many people kick off the new year decluttering their attic, basement, or garage of stuff they no longer want in their life. Good riddance to it all! Almost. If you’re tossing old toys, rock concert T-shirts, or other items from your past, hang on—you might also be tossing out tons of cash. A surprising number of items gathering dust in people’s homes have morphed over the decades into collectibles that can be sold on eBay and other sites—sometimes for thousands

Banks 122
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Figure Lending lands $100M funding facility

Housing Wire

Mike Cagney, SoFi. SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. The warehouse facility will allow the company, a subsidiary of Figure Technologies , to originate conventional loans as well as jumbo loans , the company said in a statement Wednesday.

Lending 294
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A Time for Reflection

Coldwell Banker

A statement from M. Ryan Gorman, President and CEO, on the events at the U.S. Capitol and looking forward. The post A Time for Reflection appeared first on Coldwell Banker Blue Matter.

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Carmel’s 107-Acre Asherwood Estate Sells; New Owner to Build 40 Homes on the Property

Fancy Pants Homes

Asherwood, the suburban Indianapolis estate of the late billionaire Mel Simon, has reportedly found new owners. The Current, a local publication that reports on the Carmel area, has learned that the massive property will be divided in two and sold to different buyers for an undisclosed amount. The opulent main house along with 20 acres that surround it will go to a private buyer (who will use it as a personal residence), while the rest of the 107-acre property goes to Gradison Land Development.

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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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This Second Empire Style Country Retreat in Athens Can Be Yours for $749K

Brownstoner

With dramatic rooflines and an exuberant mix of architectural details, the Second Empire style had a fair bit of popularity in New York in the latter half of the 19th century, for houses both rural and urban. Here's one set in the midst of farmland just north of downtown Athens… Read More > The post This Second Empire Style Country Retreat in Athens Can Be Yours for $749K appeared first on Brownstoner.

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Are rent-to-own homes a good idea? Your guide to lease options and owner financing

The Mortgage Report

If you want to buy a home but can't get a mortgage, you might consider a lease option or "rent-to-own home." But these are risky. Here's what to know.

Finance 119
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Artist Selected for Abolitionist-Inspired Installation at Downtown Brooklyn’s Willoughby Square Park

Brownstoner

The city has selected borough artist Kameelah Janan Rasheed to erect a text-based public art installation at Downtown Brooklyn’s Willoughby Square Park inspired by the area’s long history in the fight to abolish slavery, the creative told Community Board 2’s Parks and Recreation Committee Monday. “The main thing here is to… Read More > The post Artist Selected for Abolitionist-Inspired Installation at Downtown Brooklyn’s Willoughby Square Park appeared first on Brownstoner.

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NAR Talks Fannie, Freddie Utility Proposal at Virtual Event

RIS Media

The National Association of REALTORS® (NAR) hosted some of the brightest minds in the housing finance world on Jan. 14 for a virtual event focused on fine-tuning the trade association’s ongoing proposal to transform Fannie Mae and Freddie Mac into mortgage market utilities. “As market utilities, Fannie and Freddie would strike a balance between utilizing private capital to protect taxpayers, incorporating market incentives and innovation, and fulfilling their charter mission to Ameri

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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: New Modular Affordable Senior Housing Is Coming to East Flatbush

Brownstoner

In the News New York Rents Continue to Slide, While Sales Rebound in Brooklyn [NYT] N.Y. Attorney General Sues N.Y.P.D. Over Protests and Demands Monitor [NYT] What Does a More Contagious Virus Mean for Schools? [NYT] North Brooklynites Slam State Park Closure for Cuomo Project [BP] Keep Pandemic Red Hook Ferry Stop Year-Round, Board Says… Read More > The post Daily Links: New Modular Affordable Senior Housing Is Coming to East Flatbush appeared first on Brownstoner.

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Debt consolidation refinance: How it works, pros and cons

The Mortgage Report

The debt consolidation mortgage is one way to lower the payments and interest rate on your debts. But it's not the best solution for everyone.

Mortgages 106
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Bingeing ‘Bridgerton’? Bring It Home With These 8 Beautifully Bougie Decor Items

Realtor.com

Netflix “All is fair in love and decor,” or so we keep telling ourselves, in our best Lady Whistledown voice. If you’re one of those—like this author—who mainlined Shonda Rhimes ‘ new Netflix series, “ Bridgerton ,” chronicling the steamy love lives of a group of siblings in an alternate-universe Regency England (it’s now the streaming service’s fifth most-watched original series), you may be fantasizing about decking out your home in the show’s extravag

Design 92
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Mortgage and refinance rates today, January 15, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. But don’t get too excited. Wednesday and Thursday’s combined falls only just cancel out Tuesday’s rise. Still, these reductions […].

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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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Weekend Events At The Loggerhead Marinelife Center

Waterfront Properties

The weekend is finally here, and the Loggerhead Marinelife Center is hosting a list of events that everyone can enjoy. Head over to the sea turtle research and rehabilitation center this weekend and join in on the fun. Loggerhead Marinelife Center Events this Weekend Public Guided Tours: Offered everyday at 12 pm and 2 pm Visitors will learn about each sea turtle patient housed there during the tours and the Loggerhead Marinelife Staff will be there to answer all your questions about sea turtles

Design 84
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Luxury Real Estate Headlines: Second Week in January 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Shelter Island Town, New York | Lawrence Ingolia & Jonathan Smith of Sotheby’s International Realty – Southampton Brokerage. Unfortunately, you can’t live inside a Picasso. But you can nestle into a Frank Lloyd Wright or a Kengo Kuma.

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How to Find the Right Waterfront Property for You

RISMedia

Investing in a waterfront property is a way to ensure a maximum return while also providing you with a unique opportunity to enjoy a luxurious and exclusive view. If you're thinking of purchasing a waterfront property, here are a few things to keep in mind to prevent overspending and to ensure your investment is sound. […]. The post How to Find the Right Waterfront Property for You appeared first on RISMedia's Housecall.

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5 Exciting Locations for an Investment in Luxury Property

Realty Biz

Investing in property is generally a pretty safe option – especially if you opt for luxury property in an area that’s unlikely to lose any of its gloss as years go by and where rentals continue to be high. There’s also the matter of resale value, so stability is key. Low crime, good governance, and a contented local population ensure that some of the world’s most beautiful holiday destinations will continue to attract investment and visitors while keeping the housing market demand high.

Design 81
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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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Neutra Tiny Home, Never Before on the Market, Up for Sale in Santa Monica

Realtor.com

Hillary Campbell for Sotheby’s International Realty A pint-sized property designed by the celebrated architect Richard Neutra has come on the market for the first time. The Santa Monica space perched in the desirable Santa Monica Canyon area is available for $1.68 million. “It’s like a little Canyon crash pad,” says the listing agent, James Respondek with Sotheby’s International Realty-Pacific Palisades Brokerage.

Sales 81
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Brokers: Fewer Than 1 Percent of All Online Leads Closed in 2020 – There Is a Better Way!

RIS Media

What: Brokerages have been betting big on online lead gen to boost agent recruiting and retention. But with fewer than 1 percent of leads actually closing, is this really the best approach? Tune in to this RISMedia webinar, sponsored by IXACT Contact, to learn about a better way to ensure agent success—one that can work for every agent and not just a select few!

Closing 80
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iBuyer revenues slump amid high market demand

Realty Biz

iBuying companies are experiencing a slump in sales during a time when many thought the opposite might happen, as they provide a contactless way to sell a home. Opendoor, the biggest iBuying company , has seen its revenue fall by almost half in the past year, and said it doesn’t expect its business to recover properly until mid-2022, according to the Wall Street Journal.

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HGTV’s Jasmine Roth Gives the Scoop on the Quick Sale of Her Huntington Beach Home

Realtor.com

realtor.com, Rachel Luna/Getty Images The HGTV star Jasmine Roth has sold her home in Huntington Beach, CA , for $2,214,000. The charming custom build from 2012 came on the market in December for $2,199,000 and sold about a month later, with the deal finalized earlier this week. In her hit HGTV series , “Hidden Potential,” Roth updates suburban homes with custom touches that are a reflection of her clients’ tastes.

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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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What skills will help real estate marketers survive the AI takeover?

The American Genius for Real Estate

(MARKETING) Quality marketers are constantly evolving, but getting your head around artificial intelligence can be a challenge - let's boil it down to the most relevant skills you'll need. The post What skills will help real estate marketers survive the AI takeover? appeared first on The American Genius Real Estate.

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20 Motivational Quotes for Appraisers and Small Business Owners

McKissock

To achieve your goals as an appraiser or small business owner, you’re going to need to stay motivated. What business goals do you plan to pursue this year? What appraisal skills do you want to focus on improving? We’ve curated a collection of motivational quotes to help you keep your eye on the prize as you work to grow your appraisal business.

Design 72
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Paying Over List Price

BubbleInfo

The days of wondering how much of a discount you could get off the list price have been replaced with hoping to limit how much OVER the list price you are willing to pay. For buyers, how much to pay is relative to how well the home fits all of your needs, and how much […].

Agents 98
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If ‘likes’ are dead and no longer matter, what does?!

The American Genius for Real Estate

(OPINION / EDITORIAL) Social media likes don’t equal people ‘Like-liking’ you. What should you measure instead? The post If ‘likes’ are dead and no longer matter, what does?! appeared first on The American Genius Real Estate.

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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.