Thu.Feb 10, 2022

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Creating Top Agents, Fast

RIS Media

Every new real estate agent wants to create immediate success in launching their new career. Your partnership with them includes assisting them to achieve this success quickly and effectively. I realize that not every agent is ready to launch, but most are getting into real estate as a full-time career and need to be successful quickly. Once you identify your new agents who need to make money quickly, have the drive, passion and business plan to jump in immediately, then you need to lead them in

Agents 98
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Mortgage rates jump to 3.69% as economy normalizes

Housing Wire

The average 30-year-fixed rate mortgage climbed to 3.69% for the week ending Feb. 3, up eight basis points from the previous week. It’s the highest level since the start of the pandemic, according to the latest Freddie Mac PMMS Mortgage Survey. Before the uptick, the rates remained flat at 3.55% for three weeks, reflecting the impact of the Omicron variant in the economy.

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Want Top Dollar for Your House? Now’s the Time To List It.

Keeping Current Matters

When you’re selling any item, you usually want to sell it for the greatest profit possible.

Marketing 252
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Investor accuses Rocket’s Dan Gilbert of insider trading

Housing Wire

Dan Gilbert is the target of a new insider trading lawsuit. A Rocket Companies ’ investor filed a stockholder derivative complaint on Monday that accuses the company’s chairman of using non-public information to sell stocks and avoid material losses. In total, the lawsuit claims that Gilbert pocketed $500 million by selling company stock before reporting poor earnings and guidance.

Investor 382
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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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Upward Trends: Sky-High Luxury in 4 U.S. Venture Capital Hubs

Sotheby's International Real Estate

The prevalence and prestige of venture capital is growing globally, yet the opportunity in the U.S. is still unique. Investment reached a record high in 2020, with $166.6 billion across 12,173 deals nationwide—but that record was utterly shattered just one year later, with 17,054 deals worth $329.6 billion. According to analysts, these upward trends could continue for some time.

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Former Downtown Brooklyn Woolworth’s Gets New Look, New Discount Store

Brownstoner

The remake of the former Fulton Street F.W. Woolworth store is complete and the building, which once had a streamlined Art Deco limestone facade, is now wrapped in gray and bright blue panels and a new discount retailer has taken over the upper floor. The new look resembles the Gap… Read More > The post Former Downtown Brooklyn Woolworth’s Gets New Look, New Discount Store appeared first on Brownstoner.

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Stewart says business is getting back to normal

Housing Wire

It is no secret that 2021 posed a variety of challenges for the title insurance industry. High demand for housing coupled with low mortgage rates led to an increase in both purchase and refinance transactions, pushing many firms to expand their capacity. Stewart Information Services Corporation was no exception. “2020 and 2021 were two of the best, as well as most challenging years in the title industry as a whole given tremendous changes in the market historically low rates and an ongoing impac

Title 393
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Roda-byebye

BubbleInfo

Maybe that global warming thing is just on the east coast? Hat tip to cbmark for sending this in! An oceanfront vacation home in the Outer Banks area made famous by the movie Nights in Rodanthe completely collapsed into the sea, most likely due to erosion, causing debris to wash up along the North Carolina […].

Banks 105
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First American reports record breaking year?

Housing Wire

Just like other “Big Four” member Old Republic last week , First American Financial announced record breaking earnings during its fourth quarter earnings call on Thursday. The company’s total revenue for 2021 was up 30% from 2020 to a record of $9.2 billion, with $2.4 billion earned during the fourth quarter. However, the firm’s net income dropped to $260 million during Q4 compared to $280 million a year ago, which can be attributed to an uptick in operating costs.

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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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Inflation Reaches 40-Year High in January

Eye on Housing

Consumer prices continued to accelerate in January due to higher food, electricity and housing costs. This was the largest year-over-year gain since February 1982. This higher-than-expected inflation may push the Federal Reserve to become more aggressive and raise the federal funds rate at a faster pace. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose.

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Latest Better exit? It’s the head of real estate

Housing Wire

Back in August, Christian Wallace spoke effusively about her future at Better.com. The digital lender generated so much money through mortgage refinancing that it bankrolled a formidable real estate division. And Wallace, a former Sotheby’s agent and Opendoor manager, was charged with ensuring the division blossomed. But on Thursday, Wallace said that she gave Better her three-weeks notice of resignation.

Brokerage 392
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Don’t commit this texting sin with your clients, period

The American Genius for Real Estate

(EDITORIAL) Clear communication with clients is beyond important. This study found one error that separated sincere texting from insincere. The post Don’t commit this texting sin with your clients, period appeared first on The American Genius Real Estate.

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ReverseVision acquired by Constellation Software

Housing Wire

Reverse mortgage software solutions and loan origination system (LOS) provider ReverseVision announced on Thursday morning that it has been acquired by a division of Toronto-based Constellation Software , a holding company that bought another mortgage LOS in 2019. Staff at San Diego-based ReverseVision was informed of the sale this morning. Terms of the deal were not disclosed.

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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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Fixed Rates for 30-Year Loans Continue Their Upward Momentum

RIS Media

Freddie Mac released its latest Primary Mortgage Market Survey (PMMS), which showed a notable uptick, as the 30-year fixed-rate mortgage (FRM) averaged 3.69%. This upward movement reignites flat movement over three weeks prior. Key findings: 30-year fixed-rate mortgage averaged 3.69% with an average 0.8 point for the week ending February 10, 2022, up from last week when it averaged 3.55%.

Loans 98
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Better Homes and Gardens Real Estate teams up with Alliance Group North Dakota

Realty Biz

Better Homes and Gardens Real Estate LLC announced today the affiliation of Better Homes and Gardens Real Estate Alliance Group based in Bismarck, N.D. This marks the brand’s entry into the state of North Dakota. With two offices and nearly 50 agents, the firm was responsible for approximately $120 million in sales volume last year. The company serves two distinct markets with offices in Bismarck and Minot and is widely known for its commitment to professional development: the brokerage is home

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Mortgage and refinance rates today, Feb. 10, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday, though only by the smallest measurable amount. But it was disappointing because a fall had seemed more likely for […].

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Family-Sized Prospect Heights Duplex With Mantels, Central Air, Garden Wants $7,250

Brownstoner

While it's not exactly cheap, this upper duplex would seem to check a lot of boxes, especially for a family. Mixing modern functionality with historic details, it has three bedrooms and 2.5 bathrooms, for starters. It's located on the parlor and top floors of a circa 1886 Queen Anne row… Read More > The post Family-Sized Prospect Heights Duplex With Mantels, Central Air, Garden Wants $7,250 appeared first on Brownstoner.

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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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D.C. First-Time Home Buyer: 2022 Programs and Grants

The Mortgage Report

If you're a Washington D.C. first-time home buyer, you face high home prices. But you may find help, including down payment assistance.

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Housing Prices Jump in January

Real Estate Investar

House prices across the country are continuing their upward trajectory with a better than expected 1.1 per cent increase in the month of January.

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What to look for in a home inspector

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: What to look for in a home inspector. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. There are a number of ways for your buyers and sellers to dig deeper so they’re certain they can trust that their home inspector is offering the best expertise before buying or selling a home

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Housing Sentiment Drifts Lower as Affordability Constraints Sharpen

RIS Media

According to recent data released by Fannie Mae, Americans are relatively pessimistic about buying a home right now. The organization’s Home Purchase Sentiment Index ® (HPSI) decreased 2.4 points to 71.8 in January, its lowest level since May 2020, as affordability constraints continue to weigh on the housing market, the organization announced this week.

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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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New Research Reveals What HOA Board Members Want From Their Management Companies

App Folio

Are your boards truly satisfied with your management company? A lot of association management businesses have been asking the same.

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Creating a Culture of Success Within Your Brokerage

RIS Media

Crucial to the longevity of any organization is establishing a positive corporate culture that creates success. So how do you know if your real estate firm has a culture that will fuel your success? According to the Society for Human Resource Management, when your organization has a positive culture, three things happen: Employees instinctively respond to any situation in a way top management would want.

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The Insider: Architects Expand Narrow Park Slope Townhouse With Kitchen Extension, Flowing Layout

Brownstoner

The main challenge could not have been more obvious to Anshu Bangia of Carroll Gardens-based Bangia Agostinho Architecture and her clients, a Manhattan couple, when they first laid eyes on the three-story, 14-foot-wide row house. "It was super narrow, with dropped ceilings that made it seem even smaller and hallways… Read More > The post The Insider: Architects Expand Narrow Park Slope Townhouse With Kitchen Extension, Flowing Layout appeared first on Brownstoner.

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Two Largest Multiple Listing Services in the Country Form Alliance

RIS Media

The two largest Multiple Listing Services in the country, California Regional MLS (CRMLS) and Bright MLS, announced they have signed an agreement to collaborate on technology solutions for the MLS industry. The organizations will work together to explore solutions that work for all industry stakeholders, including brokers, agents, other MLSs and consumers, the organizations stated.

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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.