Thu.Mar 10, 2022

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Fannie Mae: Policymakers should look elsewhere to improve affordability

Housing Wire

How much does a typical low-income first-time homebuyer with a Fannie Mae -backed mortgage bring to the closing table? According to Fannie Mae , in a working paper entitled “ Mortgage costs as a share of housing costs—placing the cost of credit in broader context ,” the average low-income, first-time homebuyer has about $28,000 for a down payment.

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How To Navigate a Market Where Multiple Offers Is the New Normal

Keeping Current Matters

If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you?

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Volatile mortgage rates rise to 3.85% amid war, record inflation

Housing Wire

Mortgage rates have been all over the place lately. They rose this week, reflecting the volatility of the U.S. economy brought by inflation and Russia’s war in Ukraine. The average 30-year-fixed rate mortgage increased to 3.85% for the week ending March 10, up from 3.76% in the previous week, according to the latest Freddie Mac PMMS Mortgage Survey.

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The Insider: Relaxed Vibe, Expressive Color Renew Park Slope Brownstone for Young Family

Brownstoner

The 16-foot-wide brownstone with Italianate detail was pretty nice to begin with when a couple with a baby on the way, who had been renting locally, purchased it to use as it was already configured: an owner triplex with a garden rental. The building wasn't in bad shape. "The previous owners… Read More > The post The Insider: Relaxed Vibe, Expressive Color Renew Park Slope Brownstone for Young Family 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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As the market turns, Guild says it’s better prepared than its rivals

Housing Wire

California-based Guild Mortgage can be added to the growing list of lenders with waning profitability. But Guild’s executives believe the retail lender is well positioned to succeed in a lower-volume environment, whether it’s organically or through acquisitions. The nonbank mortgage lender increased its total originations in 2021, despite a reduction in the fourth quarter.

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Flipper Tax Proposed

BubbleInfo

The owner-occupiers are the crazy bidders, not the investors, so this will have no impact on the current frenzy: House flippers could be taxed 25 percent of their profit under the California Speculation Act, a bill introduced by Assemblymember Chris Ward, D-San Diego. Assembly Bill 1771 aims to discourage real estate speculation that Ward said […].

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Top 5 Real Estate Postcards Providers + Postcards That Actually Work

The Close

Despite all the hype around digital marketing, direct mail is still an extremely efficient means of real estate marketing, especially if you’re targeting baby boomers and beyond. We’ll share the top five providers we recommend for your next mailer campaign. And if you’re not sure what to send, we’ve also compiled 16 types of real estate postcards, plus some effective examples to inspire you.

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Ahead of IPO, HomeSmart Announces $10 Million Equity-Share Program for Agents

RIS Media

As the industry awaits HomeSmart’s IPO, the company has announced an equity-share program available to agents participating its Agent Referral Program. Under the new equity program, HomeSmart agents will be granted restricted stock units (performance awards) for every licensed real estate agent they refer to the brand, so long as the new referral remains with HomeSmart for 90 days.

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Daily Links: Bay Ridge’s Former Century 21 Store Headed for Demolition

Brownstoner

In the News New York’s First Supertall Tower Outside of Manhattan Rises in Brooklyn [NYT] 3 Guys From Brooklyn Pioneers 'Get the Good Stuff' Produce Program [Eagle] DOT Makes Changes to Bay Ridge Loading Zones at Request of Locals [BP] Artists, Electeds Unveil Biggie Smalls Murals in Clinton Hill [BP]. East NY… Read More > The post Daily Links: Bay Ridge’s Former Century 21 Store Headed for Demolition appeared first on Brownstoner.

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The Ashton Real Estate Group of RE/MAX Advantage Breaks $1 Billion in Sales Volume for 2021

RIS Media

The Ashton Real Estate Group of RE/MAX Advantage announces it has broken all previous records and achieved nearly $1.3 billion in sales volume for 2021. The growth in sales represents a 48% increase over the previous year. For the fourth consecutive year, the Ashton Real Estate Group was also honored as the number one U.S. and worldwide RE/MAX team at the annual RE/MAX R4® convention held earlier this month in Las Vegas.

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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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Bed Stuy Garden Duplex With Two Bedrooms, Mantels, Updated Kitchen Asks $5,000

Brownstoner

Located in a circa 1880 Neo-Grec brownstone in the Bed Stuy historic district, this garden and parlor floor duplex has numerous original details and is fairly spacious. With a flexible configuration, the duplex at 101 Decatur Street could potentially work as a two- or three-bedroom for roommates or a family.… Read More > The post Bed Stuy Garden Duplex With Two Bedrooms, Mantels, Updated Kitchen Asks $5,000 appeared first on Brownstoner.

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Why Post-Sale Relationships Are Key to Becoming a Successful Real Estate Agent

RIS Media

In the competitive world of real estate, your client interactions shouldn’t end when you close a sale. To really grow your business and sustain success, you need to maintain consistent contact with clients even after you hand them the keys. Think of your closed transactions as the beginning of lifelong relationships—relationships that will keep your pipeline full and your clients happy.

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Best Real Estate Investment Software of 2022

Swiftlane

Managing, organizing, and receiving updates about your real estate investments is just as important for investors as it is for syndicators. So, choosing the best real estate investment software based on your goals and experience is an important decision. Below, we’ve reviewed the best real estate investment software for multifamily syndication so that you can […].

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The Balestracci Group Joins Forces With Lamacchia Realty

RIS Media

Lamacchia Realty has announced that Worcester County team, the Balestracci Group, has joined its firm. The team, ranked as one of the top teams in Massachusetts and throughout Worcester County, consists of REALTORS® Mark Balestracci, Elissa Comeau, Matthew Jette, and transaction coordinator/admin, Shannon Nolin. Balestracci, a 20-year real estate vet, and his team will look to leverage all Lamacchia has to offer, including the multiple services, systems, training and support, the company stated.

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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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West Indian American Day Carnival Association’s ‘Carnival Queen’ Joyce Quamina Dies at 85

Brownstoner

The Brooklyn-based West Indian American Day Carnival Association (WIADCA), organizer of the annual massive carnival parade on Brooklyn’s Eastern Parkway, says it’s “deeply saddened” over the passing of one of its former stalwart executive members, Trinidadian Joyce Quamina, described as WIADCA’s “Carnival Queen.” Quamina, a long-time Brooklyn resident, died on March… Read More > The post West Indian American Day Carnival Association’s ‘Carnival Queen’ Joyce Quamina Di

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Brief Decline in Interest Rates Halts in Latest Freddie Mac Survey

RIS Media

After a brief dip, interest rates are back on the rise. Freddie Mac its latest Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.85%. Key findings: 30-year fixed-rate mortgage averaged 3.85% with an average 0.8 point for the week ending March 10, 2022, up from last week when it averaged 3.76%. A year ago at this time, the 30-year FRM averaged 3.05%. 15-year fixed-rate mortgage averaged 3.09% with an average 0.8 point, up from last week when it

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Spotlight On: Jeff Bezos’ House in Los Angeles and His Many Other Sprawling Mansions

Fancy Pants Homes

As one might assume, billionaire Jeff Bezos’ real estate portfolio is rather impressive. Being the second wealthiest person in the world (only a few billion behind Tesla CEO Elon Musk ), Bezos owns several multi-million dollar mansions in the United States. The grandest of his compounds comes with the most popular zip code in America. Located in none other than Beverly Hills, Calif., the Amazon billionaire recently bought two estates in the 90210 area — one of which shattered all pre

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Texas REALTORS® Chooses Lone Wolf Transactions as Member Benefit

RIS Media

Texas REALTORS® has announced that it is able to provide uninterrupted access to Transactions (zipForm Edition), Lone Wolf Technologies’ transaction management tool, to its 145,000 members as a state member benefit. Transactions gives members access to Texas forms, checklists and templates, and is equipped with cloud storage that keeps important documents organized and secure, the company explains.

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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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Understanding the Risks of Investing in a Vacation Property

Realty Biz

Traveling for leisure is one of the greatest pastimes in America and around the world. Certain destinations in the United States are incredibly popular with travelers and have been for decades. For example, travelers love Branson, Missouri, for live entertainment. The Florida panhandle is known for its beautiful, family-friendly beaches. The North Carolina Outer Banks are known for their rugged coastal beauty.

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4 Networking Ideas to Expand Your Reach

RIS Media

Working as a luxury real estate professional allows you to help buyers and sellers with their home dreams. Yet it can also start to become a solitary profession. You may work exclusively in your home or from your vehicle as you are always traveling from one available home listing to another. When this situation occurs, you may miss important opportunities to connect with other real estate professionals or even attend local events.

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7 Real Estate Copywriting Rules Professional Writers Swear by

The Close

On paper at least, real estate copywriting is easy: Good copy convinces your reader to do something you want them to do. Whether you want them to download your e-book, click on your Facebook ad, or RSVP to your open house, the goal of copywriting never changes. Good copy inspires action. Although all Realtors think they’re natural-born salespeople, the cold hard truth is that most Realtors struggle with copywriting.

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Berkshire Hathaway HomeServices New England/Westchester/ New York/Hudson Valley Properties Unveils New Company Name

RIS Media

Berkshire Hathaway HomeServices New England/Westchester/New York/Hudson Valley Properties has announced that the company will begin operating as Berkshire Hathaway HomeServices (BHHS) New England/New York/Hudson Valley Properties, effective immediately. The firm’s Westchester offices servicing Eastchester, Larchmont, Rye, Scarsdale and surrounding towns, will now be known as Berkshire Hathaway HomeServices New York Properties in response to the outstanding growth and synergies of the New Y

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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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Inflation Remains at 40-Year High in February

Eye on Housing

Consumer prices continued to break 40-year highs in February due to higher food, gasoline and housing costs. This was the largest year-over-year gain since January 1982. This pace of inflation will likely stay high in the months ahead as Russia-Ukraine crisis continues drive up oil and commodity prices. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index.

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A Simple and Attainable Tech Stack

RIS Media

If you can’t get a seat at the table, build your own. That’s been Stacie Staub’s mantra since she launched West + Main Homes with her business partner Madeline Linder nearly five years ago. It’s also an ethos that Staub says she developed after years of being the only woman in the room on many occasions. “In the beginning, it wasn’t always easy or even possible to find a seat at the table,” says Staub, founder and owner of the Colorado-based firm. “

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10 of the Top Real Estate Companies in Florida

HomeLight

Thinking about buying or selling a home in the Sunshine State and need a list of reputable real estate companies in Florida to get the job done? Whether you’re moving to, within, or out of Florida, the real estate company you choose should have expertise in the local market, a high number of home sales under their belt, a quick turnaround on home sales, and a track record of ethical transactions.

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Better Homes and Gardens Real Estate Announces 2021 Excellence Award Winners

RIS Media

Better Homes and Gardens Real Estate has announced its 2021 nomination-based Excellence Award recipients after celebrating with winners last week during the brand’s three-day conference, “FUSION,” in Las Vegas, Nevada. With a network of nearly 12,600 affiliated sales professionals, associates nominated their broker and sales associate peers who have proven to demonstrate exceptional leadership, superior service, and business excellence among four notable categories: Marketing, Community Involvem

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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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6 Important Words to Create Greater Consistency in Your Business

Tom Ferry

Picture this… Let’s say I dropped in unannounced at your office to “shadow” you for a day. As you go about your tasks, I ask you to explain to me what you’re doing, why you do it, and the exact, step-by-step process you use to complete it. Could you do it? Or would you be […]. The post 6 Important Words to Create Greater Consistency in Your Business appeared first on Tom Ferry.

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Luxury Homes in the World’s Happiest Countries

Sotheby's International Real Estate

The pursuit of happiness is an ongoing journey, but unlocking contentment may come a little easier in some countries. According to the U.N. Sustainable Development Solutions Network’s 2021 World Happiness Report, certain regions seem to have perfected the recipe for a life well-lived. The survey ranks countries and cities based on quality of life and includes factors like healthcare, education, social support systems, leadership, and access to beautiful natural surroundings.

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Understanding the recent rash of homebuyer remorse

Real Trends

Owning a home is one of the major milestones of adult life, and it’s still one of the safest and most lucrative ways to build wealth. So why do so many homeowners regret buying their home? Buyer’s remorse may seem uncommon, but a new study by Clever Real Estate reveals that it’s far more widespread than anyone suspected. How many remorseful buyers are there?

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Mississauga Real Estate Board signs deal with MoveSnap

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Mississauga Real Estate Board signs deal with MoveSnap. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. The Mississauga Real Estate Board has signed a deal with MoveSnap, a digital moving concierge service, to offer the benefit to its members.

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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.