Thu.May 05, 2022

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Has the housing market peaked?

Housing Wire

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.

Marketing 370
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Three Tips for First-Time Homebuyers

Keeping Current Matters

Buying your first home is a major decision and an exciting milestone.

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Amazon commits $10.6M to affordable housing in Nashville

Housing Wire

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.

Equity 370
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Storied Hotel Bossert Where Dodgers Partied Faces Foreclosure in Brooklyn Heights

Brownstoner

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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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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You can no longer get a mortgage at Costco

Housing Wire

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

Mortgages 370

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Mortgage delinquency rate reaches lowest level since 2019 Q4

Housing Wire

The cost of a home mortgage may be going up , but perhaps some good news: Fewer people who already own a home are missing payments. Mortgage delinquency rates dropped for the seventh straight quarter, hitting the lowest level since the fourth quarter of 2019, according to the Mortgage Bankers Association. Delinquency rates for mortgage loans on one-to-four unit residential properties dropped 43 basis points to 4.11% from the previous quarter.

Mortgages 370
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Inventory Surging?

BubbleInfo

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 […].

Sales 105
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Average mortgage rate climbs to 13-year high of 5.27%

Housing Wire

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.

Mortgages 370
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Tech trends: What’s emerging that is now impacting the real estate industry

The American Genius for Real Estate

(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.

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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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What will happen if ICE and Black Knight join forces?

Housing Wire

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.

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What Every Real Estate Professional Needs to Know about Social Media

RIS Media

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.

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Ready or not, CRA modernization is at the door

Housing Wire

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

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The Outsider: Gravel Expanse, Wattle Fencing Give Bed Stuy Garden a European Courtyard Feel

Brownstoner

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.

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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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The complete guide to selling rental property in 2022

Housing Wire

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.

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Clinton Hill Parlor Unit With High Ceilings, Fancy Plaster, Shared Garden Asks $4,500 a Month

Brownstoner

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.

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Black Knight reports $360M profit in Q1

Housing Wire

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.

Investor 370
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Mortgage and refinance rates today, May 5, 2022

The Mortgage Report

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 […].

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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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SoftPro announces Notarize integration

Housing Wire

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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Fathom Smashes Revenue in Big First Quarter

RIS Media

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

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Advanced Tools to “Next Level” Your Video Production – Without Breaking the Bank

Tom Ferry

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 […].

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Four smart reasons to refinance with rates above 5%

The Mortgage Report

Even with interest rates climbing past 5%, there are still reasons to refinance your mortgage. Here are four refi strategies to consider.

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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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Life of Luxury | The Glamor of Galley Bay Heights

Sotheby's International Real Estate

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.

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Is Compass Real Estate in Trouble?

Realty Biz

Compass Real Estate, founded in 2012 by Robert Reffkin and Ori Allon, is perhaps the fastest-growing real estate brokerage in the United States. Even though it was only founded a decade ago, the company was valued at an amazing $8 billion when it went public in April 2021. However, despite this meteoric rise, Compass has also faced quite a few obstacles, including legal troubles and difficulties created by the pandemic.

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Mortgage Rates Rise, Reaching Highest Point Since 2009

RIS Media

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.

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The Most Effective Modern Real Estate Marketing Technologies

Realty Biz

The world of real estate has always had a heavy reliance on adopting new technologies to remain competitive in a crowded market. This hasn’t changed at all – in fact, today’s technologies offer dozens of excellent opportunities for real estate agents looking to grow their business. Here’s a collection of some of the best and most effective technological approaches to real estate marketing.

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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.