Tom Ferry
AUGUST 18, 2022
One week to go! I cannot tell you how pumped I am to be seeing everyone at Summit in just 5 days! That’s one reason why I devoted last week’s blog to my top tips for networking with other agents for referrals. But this week, I want to jump ahead to after Summit – or […]. The post 6 Tips for Following Up with Other Agents After an Event appeared first on Tom Ferry.
Housing Wire
AUGUST 18, 2022
Ginnie Mae is not budging on its proposal to put a 250% risk weight on gross mortgage servicing rights. The requirement would be for nonbanks, who make up the bulk of the Federal Housing Administration market. Ginnie Mae specifically called out those institutions that are not “regulated by a federal prudential regulator” or state-chartered in guidance it published today, a day after it made a joint announcement with the Federal Housing Finance Agency.
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Keeping Current Matters
AUGUST 18, 2022
Whether you’ve just retired or you’re thinking about retirement, you may be considering your options and trying to picture a whole new stage of your life.
Housing Wire
AUGUST 18, 2022
After a July doldrums during which there were no agency-eligible private-label securitizations (PLS) backed by mortgages on residential investment properties, the ice was broken this month with a new offering sponsored by Blue River Mortgage III LLC. The prime PLS offering, dubbed GCAT 2022-INV3, is backed by a pool of 1,259 mortgages valued at $423 million.
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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.
GeekEstate Agents & Brokers
AUGUST 18, 2022
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Dwellsy] With rent prices getting higher than most tenants can keep up and an application process for good units that feels more like applying for a job than a place to live, renting these days is tough. Before even having to afford, apply, get approved for, and move into a new place tenants need to find it, preferably without pay-to-play search results.
Housing Wire
AUGUST 18, 2022
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net loss of $82 on each loan they originated in the second quarter. It’s a significant drop from the first quarter, when lenders saw a gain of $223 per loan, according to the Mortgage Bankers Association (MBA). The MBA attributed the losses to a rate rising environment and lack of housing inventory.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 18, 2022
Purchase mortgage rates declined this week on the news that inflation appears to have peaked and appear to be stabilizing. The 30-year fixed-rate mortgage decreased this week to an average of 5.13%, down from last week’s 5.22%, according to the latest purchase mortgage survey from Freddie Mac. A year ago this time, rates averaged 2.86%. The index compiles rates reported by lenders during the past three days. “Inflation appears to be beyond its peak, which has stopped the rapid increa
Coldwell Banker
AUGUST 18, 2022
The Coldwell Banker brand retained more than $869 million in sales volume and welcomed four new companies in Q2 2022. The post Coldwell Banker Real Estate Reveals Growth Milestones for Q2 2022 appeared first on Coldwell Banker Blue Matter.
Housing Wire
AUGUST 18, 2022
There’s a lot that you can learn and gain by listening to the top c-suite leaders in the housing industry, whether you are a new hire, an aspiring entrepreneur or in the c-suite yourself. That is why HW Annual is thrilled to include an amazing line-up of powerful CEOs in the agenda for this year’s conference. Tap into the knowledge bank of these top CEOs who are driving their businesses forward by registering today for HW Annual in Scottsdale, Arizona Oct. 3-5.
Eye on Housing
AUGUST 18, 2022
Confidence in the market for new multifamily housing was mixed in the second quarter of 2022, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) decreased 6 points to 42 compared to the previous quarter, dragged down largely by.
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
AUGUST 18, 2022
Existing home sales are down across the board, and may "soon stabilize," says NAR's chief economist. The post Home sales fell 5.9% for the month, 20.2% for the year appeared first on The American Genius Real Estate.
Eye on Housing
AUGUST 18, 2022
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building registered relatively flat conditions for the second quarter of 2022. There were 53,000 total custom building starts during the second quarter of the year. This marks a 2% decline compared to the second quarter of 2021 in terms of year-over-year change.
The Close
AUGUST 18, 2022
Real estate prospecting letters—letters agents send to buyers, FSBO, FRBO and Expired listing homeowners—are still one of the best ways to generate leads in 2022. Here’s why: older homeowners respond very well to snail mail delivered by the good old USPS. And since almost every other demographic is sick of online ads, prospecting letters tend to have an excellent response rate.
Fancy Pants Homes
AUGUST 18, 2022
Among the hundreds of hillside vineyards in the Napa Valley wine region sits a unique property that pairs architectural appeal with the winemaking tradition the area is famous for. Set in the Coombsville region of Napa, hailed as “the coolest hot spot in Napa”, the 34-acre property is anchored by a striking post-modern residential compound surrounded by a highly profitable vineyard.
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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.
Sotheby's International Real Estate
AUGUST 18, 2022
Despina Laou, Greece Sotheby’s International Realty. There’s nothing quite like fashion to infuse everyday life with luxury. From your personal stock of garments, jewelry, handbags, shoes, and accessories, you can curate how you present yourself to the world. A walk-in closet or dressing room lets you peruse your entire wardrobe at leisure, and delight in the thoughtful process of putting together an assemblage that represents the true you.
Realty Biz
AUGUST 18, 2022
According to recent data, mortgage applications are at their worst in 22 years. Just a short time ago, it seemed everyone was in a rush to either buy a home or refinance, but now Americans have put the brakes on the housing market. There are several reasons for the dip in mortgage applications, including mortgage rates, inflation, housing supply, and what many fear is an unstable economy.
RISMedia
AUGUST 18, 2022
By Bill Gassett Finding the right real estate attorney can be daunting, especially when you are not from the area you're living in. However, with the right tips, you can make it much more straightforward. The two most common reasons someone would hire an attorney for real estate are transferring property and buying one. Having […]. The post 5 Tips To Find The Right Real Estate Attorney For Your Needs appeared first on RISMedia's Housecall.
Realty Biz
AUGUST 18, 2022
Homebuilders say they’re becoming concerned that increasing numbers of buyers are pulling out of sales contracts for new homes. That’s led to homebuilder confidence falling for the eighth month in a row, according to the Commerce Department this week. Last month, single-family home construction dropped by 10% annually, falling to its lowest level since the beginning of the COVID-19 pandemic.
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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 American Genius for Real Estate
AUGUST 18, 2022
(TECHNOLOGY NEWS) Science proves that open floor plans are more conducive to office productivity, but will it work for everyone? The post How an open floor plan could benefit your office appeared first on The American Genius Real Estate.
Realty Biz
AUGUST 18, 2022
Keeping your business in good financial health isn’t something you can set and forget. Business finances aren’t something that only needs looking at once a year; they need constant monitoring, review and adjustment to keep everything running smoothly. Even the smallest company needs to stay on top of its finances – after all, things like cash flow and quarterly tax returns are hardly something you can afford to ignore for long.
Mashvisor
AUGUST 18, 2022
Do you want to invest in vacation rentals but don’t know how to start? Read on to learn how to buy property for Airbnb to earn extra income.
Realty Biz
AUGUST 18, 2022
The average American spends over 70 hours a year working in their yard. 70 hours – almost three whole days – when they’re not having fun with the family or doing other activities. Doesn’t that sound like a lot of time to devote to something most of us don’t even enjoy? The good news is that there are many lawn care services out there who’ll gladly do the hard work for you.
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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.
Real Trends
AUGUST 18, 2022
Existing home sales continued to fall in July, as homebuyer demand begins to cool. The seasonally adjusted sales rate for existing homes fell 5.9% month over month in July to a rate of 4.81 million, according to a report from the National Association of Realtors (NAR) released Thursday. This is the sixth consecutive month of declines. On a yearly basis, existing home sales are down 20.2%. “The ongoing sales decline reflects the impact of the mortgage rate peak of 6% in early June,” L
Redfin
AUGUST 18, 2022
Whether you’re relocating to an apartment in Indianapolis, IN or searching for an apartment in Houston, TX , you may have to pay a move-in fee. Move-in fees are another move-in cost to consider when you are looking for an apartment. Apartment move-in fees are a non-refundable deposit that a tenant pays when moving to a new apartment. The fee helps cover basic maintenance projects like paint touch-ups and apartment upgrades, like appliances.
Marco Santarelli
AUGUST 18, 2022
The NH Housing Market Report by the New Hampshire Housing Finance Authority describes a market in “turmoil, buffeted by rising interest rates and economic uncertainty that presents extraordinary challenges for renters and homebuyers.” The recent increases appear to be tamping down demand somewhat, as they have impacted the affordability of purchasing a home.
Redfin
AUGUST 18, 2022
Build-to-rent (BTR) homes are ideal for people who want the benefits of community living without the hassle of maintenance, mortgage payments, or HOA dues. In recent years, the movement to create more of these types of homes has been increasing due to higher demand. Because of its rapid growth, many real estate companies and investors are developing BTR properties to capitalize on the craze.
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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
AUGUST 18, 2022
The latest Zillow 1-Year Forecasted Values are still expecting a fairly strong appreciation rate over the next year – these estimates are the same or higher than last month! I can see a path to how this could happen. The Spring Selling Season gets frenzied up for 3-4 months where buyers and sellers all jump […].
Properties Online
AUGUST 18, 2022
Talk of inflation has dominated the news in recent months, but what does this mean for the real estate market? Knowing more about the possible impact of inflation on real estate trends is important. Keep the following information in mind when helping your clients buy or sell homes. About Inflation Inflation happens when money doesn’t have as… Read More » Inflation and the Impact on Real Estate Transactions.
Marco Santarelli
AUGUST 18, 2022
The housing market in Seattle and King County has undergone recent changes that have provided buyers with an increased number of options. The people who live in Seattle have never had as many options for places to live as they do right now, which means that now might be a good time to buy a house. There were fewer pending home sales which means that houses are staying on the market for much longer periods of time.
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