Housing Wire
MAY 5, 2022
This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Bringing together some of the top economists and researchers in housing, this event will provide an in-depth look at their latest insights on the housing market, along with a roundtable discussion on how this information applies to your business.
Keeping Current Matters
MAY 5, 2022
Buying your first home is a major decision and an exciting milestone.
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Housing Wire
MAY 5, 2022
Intercontinental Exchange, Inc. must convince regulators that the $13.1 billion mega-deal announced on Wednesday to acquire Black Knight will not harm competition in the mortgage tech solutions market. The software and data company also needs approval from Black Knight’s shareholders to move forward with the transaction, which valued the business at $85 per share, a 23% premium compared to the current price.
Brownstoner
MAY 5, 2022
The saga of the iconic Hotel Bossert in Brooklyn Heights continues, with the owners facing foreclosure after missing mortgage payments and racking up hundreds of thousands of dollars in debt on the 113-year-old building — once touted to reopen as a luxury hotel. A $112 million pre-foreclosure notice was filed against… Read More > The post Storied Hotel Bossert Where Dodgers Partied Faces Foreclosure in Brooklyn Heights appeared first on Brownstoner.
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
Housing Wire
MAY 5, 2022
Costco might have everything you need for a housewarming party, but as of this week it can’t help you buy the house. Homebuyers will have to look elsewhere to secure a mortgage, as the members-only big box store announced it’s no longer in the business of financing homes. The retailer recently decided to discontinue its foray into home financing, effective May 1 – meaning customers no longer will be able to pick up a mortgage as they nosh on free food samples and stuff oversized carts with overs
HomeLight
MAY 5, 2022
Nothing deflates the excitement of buying a home faster than a seller who’s still in the house after closing. Such a scenario truly takes the social faux pas of overstaying your welcome to a whole new level! That said, a seller remaining in the home after closing isn’t always a nightmare scenario. Given the recent low-inventory market , many sellers are requesting rent- or lease-back deals , which allow them to remain in the home for a short period of time.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
The Mortgage Report
MAY 5, 2022
Even with interest rates climbing past 5%, there are still reasons to refinance your mortgage. Here are four refi strategies to consider.
Housing Wire
MAY 5, 2022
You buy rental properties to invest in and then eventually sell and earn capital gains. It can be one of the smartest investments you make in your lifetime. Before you sell, though, there are certain considerations you must make to ensure you handle the transaction right. Options to Sell a Rental Property. If you own a rental property , chances are you have tenants in it.
Brownstoner
MAY 5, 2022
By Suzanne Spellen (aka Montrose Morris) The creation of modern day Lefferts Manor in Prospect Lefferts Gardens goes back to the Dutch and, in particular, the Lefferts family. In 1609, Henry Hudson sailed his ship, the Half Moon, into Coney Island Bay. After some initial exploring, he found a large river… Read More > The post From Dutch Farmland to Romanesque Revival Row House: A History of 68 Midwood Street appeared first on Brownstoner.
Housing Wire
MAY 5, 2022
Banks could receive many more failing grades from their regulators under a recently proposed overhaul of the Community Reinvestment Act (CRA). That’s partly because, according to a joint notice of proposed rulemaking from bank regulators on Thursday, banks’ performance would be judged by where they lend, not just where they have branches. Doing so would result in 32% of examined lenders receiving a “Needs to Improve” score, compared to the 16% earning that mark for their retail performance from
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
The American Genius for Real Estate
MAY 5, 2022
(TECHNOLOGY) Tech and its effects impact all aspects of life. What are the top tech trends impacting the real estate industry now? The post Tech trends: What’s emerging that is now impacting the real estate industry appeared first on The American Genius Real Estate.
Housing Wire
MAY 5, 2022
Mortgage rates are increasing and demand is beginning to level out. The residential real estate market is shifting, creating uncharted territory for lenders who’ve relied on a housing boom and refinancing to keep them in business. As existing home owners potentially put the brakes on buying new homes or on refinancing their existing ones, lenders will rely more on first-time buyers to cut down on attrition during the slowdown.
Brownstoner
MAY 5, 2022
May is prime time for gardens, and garden inspiration. The Insider is mixing it up a bit this spring, with some garden posts to meet the season. - CG Brook Klausing's clients had recently purchased the two lower floors of a brownstone, with impressive, large-paned windows on the back wall that… Read More > The post The Outsider: Gravel Expanse, Wattle Fencing Give Bed Stuy Garden a European Courtyard Feel appeared first on Brownstoner.
Housing Wire
MAY 5, 2022
Mortgage rates surged to 5.27% over the last week, the highest average since 2009, according to the latest Freddie Mac PMMS. This week’s average purchase mortgage rate rose 17 basis points from the prior week’s 5.10%. A year ago at this time, 30-year fixed-rate purchase rates were at 2.96%. The government sponsored enterprise’s index accounts for purchase mortgages reported by lenders over the past three days.
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
RIS Media
MAY 5, 2022
In today’s competitive market, a sound social media strategy is a must-have for real estate success. Taking a clear and deliberate approach not only promotes your brand and business, but expands your entire network, from leads to prospects to professional peers. But having a road map helps with any journey. This is why RISMedia developed its latest special report: Social Media & Digital Trends for 2022.
Housing Wire
MAY 5, 2022
Amazon is committing $10.6 million to build and renovate 130 affordable homes in Nashville, Tennessee, bringing the total investment in the city to about $100 million. Amazon Housing Equity Fund will allocate a $7.1 million low-rate loan to Cherry Oak Apartments, a mixed-income 96-unit residential apartment with 53 affordable units, in partnership with the Metropolitan Development Housing Agency , Amazon said.
Brownstoner
MAY 5, 2022
The rent is not exactly low, but this one-bedroom in the Clinton Hill Historic District does have some attractive features, including spacious rooms, a carved wood mantel and a well-equipped kitchen. It's on the parlor floor of a circa 1868 brownstone with soaring ceilings and fancy plasterwork. There is a… Read More > The post Clinton Hill Parlor Unit With High Ceilings, Fancy Plaster, Shared Garden Asks $4,500 a Month appeared first on Brownstoner.
Housing Wire
MAY 5, 2022
Black Knight, the Florida-based mortgage tech and analytics behemoth, increased its profits six fold in the first quarter of 2022, compared to the same period of 2021, propelled by the investment in the credit reporting services company Dun & Bradstreet Holdings. The company’s latest earnings became public on Thursday, less than 24 hours after Intercontinental Exchange offered $13.1 billion to acquire the rival.
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
The Mortgage Report
MAY 5, 2022
Today’s mortgage and refinance rates Average mortgage rates fell modestly yesterday. They’d been climbing before that day’s crucial announcements by the Federal Reserve but turned lower when the news was […].
Housing Wire
MAY 5, 2022
Freddie Mac is bringing another credit-risk transfer offering to market, its fourth of the year, through the agency’s Structured Agency Credit Risk (STACR) program. The credit risk transfer (CRT) offering, STACR 2022-DNA4, involves a $1.5 billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 billion, according to a presale report by Kroll Bond Rating Agency (KBRA).
RIS Media
MAY 5, 2022
Up-and-coming tech-focused brokerage Fathom is still red hot after reporting huge revenue growth in its Q1 earnings report on Wednesday, crushing projections by almost 15% at $90.1 million while continuing to add agents and build market share. With over 9,000 agents now nationwide—which translates to 49% year-over-year growth—Fathom is angling to join the big names in national real estate and is confident in further expansion even against market headwinds, according to CEO and founder Josh Harle
Housing Wire
MAY 5, 2022
Title and closing software provider SoftPro announced that it has released a new integration for online notarization through digital and remote online notarization provider Notarize on Thursday. With this new integration, SoftPro users will now be able to place and manage both title and lender-initiated notary transactions through Notarize with the SoftPro 360 business exchange portal without having to leave the SoftPro platform, according to the press release.
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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.
Brownstoner
MAY 5, 2022
In the News Looming Rent Increase of Up to 9 Percent Tests Adams’s Housing Priorities [NYT] Fed Raises Rates Half a Point as It Tries to Tame Inflation [NYT] BRIC Announces Celebrate Brooklyn! 2022 [Eagle] Mayor Adams Launches $4 million Traffic Safety Campaign in East New York [BP] Local Law 97: A Breakdown of NYC’s… Read More > The post Daily Links: Two Injured as Beloved Bed Stuy Landmark Girls High School Catches Fire appeared first on Brownstoner.
RIS Media
MAY 5, 2022
The 30-year fixed-rate mortgage (FRM) averaged 5.27% this week, marking another increase from last week’s average of 5.10%, according to the Primary Mortgage Market Survey ® (PMMS ® ) released by Freddie Mac Thursday. Key findings: 30-year fixed-rate mortgage averaged 5.27 percent with an average 0.9 point as of May 5, 2022, up from last week when it averaged 5.10 percent.
Brownstoner
MAY 5, 2022
Starbucks employees at the store in Bath Beach’s Ceasar’s Bay Shopping Center have formally voted to unionize, becoming the first store in Brooklyn and the third in New York City to join the fast-growing nationwide labor movement among the ubiquitous coffee company’s 350,000 workers. The 17 employees, or “partners” in Starbucks… Read More > The post Bath Beach Starbucks Becomes First Brooklyn Store in the Coffee Chain to Unionize appeared first on Brownstoner.
RIS Media
MAY 5, 2022
As the mortgage industry undergoes significant changes, a massive shakeup is on the horizon as software and analytics company, Black Knight, Inc., is slated for new ownership. Intercontinental Exchange Inc. (ICE), a global provider of data, technology and market infrastructure, announced on May 4 that it entered into a definitive agreement to acquire the Jacksonville-based data and analytics company in a cash and stock transaction valued at $13.1 billion.
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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.
BubbleInfo
MAY 5, 2022
This is an example of the hysteria being whipped up by the pseudo-experts. They tend to grab fake data, jump to conclusions, and then spread it everywhere. Here is the tweet with comments – he says the +31% is the change between March and April: [link] I don’t know where he gets his information, but […].
Tom Ferry
MAY 5, 2022
The most important aspect of shooting video is delivering good content. Nothing else can possibly replace that. But once you have valuable information to deliver, the way you deliver it makes a huge difference in the way you are perceived. The professional quality of your content reflects the professional quality of service you provide. When […].
Sotheby's International Real Estate
MAY 5, 2022
To drop anchor and come ashore on the island of Antigua is to step into a world of infinite sensorial indulgences. The warmth of the sea breeze, the rhythm of the surf, the colors of the lush landscapes, and local villages, illuminated in their intensity by the radiant tropical sun. Venturing inland, you’ll notice that Antigua is vividly cosmopolitan, and its deepwater harbors welcome the world.
Agent Fire
MAY 5, 2022
Sending cold emails for real estate is one of the most underrated and yet most efficient and cost-effective strategies to generate leads. Don’t just send cold emails into the spam mail void, learn how to get them in the 'important' folder and in front of prospective clients with this advice. . The Catch-all Guide to Cold Emailing Real Estate Leads is just one of many great real estate strategies on The Spark.
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