Wed.Jan 26, 2022

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UWM to credit borrowers up to $600 for their appraisal costs

Housing Wire

For the next two months, United Wholesale Mortgage (UWM) will credit borrowers up to $600 for their appraisal costs, the lender said in a statement Wednesday. According to the Pontiac, Michigan-based lender, the credit will be available on all primary purchases, including jumbo mortgages. The offer will run from now until March 31. Mat Ishbia, CEO of UWM, said in a statement that the move is meant to “jump-start purchase season” and that this offering will give independent mortgage brokers a sig

Mortgages 383
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Are You a Homeowner Thinking About Climate Change?

Keeping Current Matters

Americans are more aware than ever of the effects climate change and natural disasters can have on their homes.

Marketing 184
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FOMC indicates taper end in March, rate hike soon

Housing Wire

High inflation and a strong labor market has convinced Federal Reserve officials of the need to raise interest rates “soon,” though an exact timetable has not yet been disclosed. “With inflation well above 2% and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate,” the Federal Open Markets Committee said in a statement on Wednesday.

Principal 383
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Video of the Week: Striking Lakefront Estate in Como, Italy

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ?. Como, Italy | Luca D’Angelo, Italy Sotheby’s International Realty. Located in Como, Italy, this more than 100-year-old waterfront home offers an array of amenities to make it’s future owner comfortable. The 2,500 square-meter villa features seven bedrooms and 17 bathrooms complete with a 2,500-bottle wine cellar, playroom, billiard room, home theater, in

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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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Mortgage Coach and Sales Boomerang snag new investor

Housing Wire

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams. The investment comes at a pivotal time for the mortgage industry, which has seen record refi volume give way to a market dominated by purchase loans.

Investor 380
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To-Do Checklist When Preparing For An Open House

Realty Biz

Are you getting ready to host an open house for your property? If so, make sure you follow this checklist to ensure that everything goes smoothly! By preparing in advance and having a plan of action, you can avoid any last-minute surprises and ensure that your guests have a great experience. 1) Remove clutter & personal items. Open houses are typically public events, so you’ll want to make sure your home is as tidy as possible.

As-is 124

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Fed Rate Hike Coming in March

Eye on Housing

At the conclusion of its January policy meeting, the Federal Open Market Committee strongly signaled that it will undertake its first, post-covid increase of the federal funds rate in March. The Fed is tightening monetary policy in response to the highest inflation readings in nearly 40 years. These inflationary pressures have increased both consumer costs and businesses input costs, including.

Marketing 110
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Tech firm Polly bulks up to help modernize mortgage industry

Housing Wire

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. The prior two Series A funding rounds undertaken in April 2019 and March 2021 raised a total of $20 million, according to the deal-tracking service Crunchbase.

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How market to each generation, and yes, they are ALL different!

The American Genius for Real Estate

(MARKETING) Knowing how each generation is interacting with marketing content will help you keep your edge in your chosen markets - here's your update! The post How market to each generation, and yes, they are ALL different! appeared first on The American Genius Real Estate.

Marketing 111
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Fintech startup Tomo breaks into jumbo mortgages

Housing Wire

Tomo , a fintech mortgage startup run by former Zillow executives, is expanding its presence, announcing this week that it will now serve borrowers in Florida, Connecticut and Colorado. And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Founded in October 2020 by former Zillow executives Greg Schwartz and Carey Armstrong, the Connecticut-based company, first launched its platform in Seattle, Washington and Austin, Texas.

Mortgages 370
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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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6 Tips for New Homeowners

Realty Biz

While the process of buying a new home can be overwhelming, once you move in, that’s when the stress really begins. After you’ve settled into your new place, it’s easy to start noticing flaws – leaky faucets, old paint, noisy neighbors, high utility bills. And if you had plans to remodel, renovate, or make repairs on the property, it can quickly become clear that it’s not always easy to determine whether a project will allow for any return on investment.

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Freddie Mac updates risk mitigation requirements for the industry due to elevated cybersecurity threats

Housing Wire

As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase. These risks should be top-of-mind for mortgage professionals, as evidenced by recent changes at Freddie Mac that emphasize risk mitigation and cybersecurity efforts. In October, Freddie Mac issued Bulletin 2021-31 , updating its Seller/Servicer and Third Party risk mitigation requirements.

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Affordability Innovations, a new Workgroup within the GEM

GeekEstate

On the heels of the announcement of GEM’s Blockchain + Real Estate workgroup, we have another up our sleeves to start the new year. The Affordability Innovations workgroup–hosted and curated by Matt Hoffman , Abby Ivory , and Jenna Louie –is being created to find and elevate startups focused on housing affordability, availability, and attainability.

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With Housing Prices Spiking Everywhere, Where Is It Cheaper To Rent vs. Buy?

Realtor.com

Realtor.com / Getty Images To buy or not to buy? That is indeed the age-old question for renters who are flirting with the idea of homeownership amid fast-rising rental prices. But in today’s wild and scary housing market—where prices seem to have no ceiling, mortgage rates are once again climbing, and the number of homes going up for sale is paltry—the answer is a bit more complicated than usual.

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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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This Ugly House: We Rebuild Crumbling Extension, Spruce Up Rear to Let in More Light

Brownstoner

Editor’s note: Welcome to the third installment of This Ugly House, a reader renovation diary. We’re excited to publish this tale of a hands-on renovation of a wood-frame house in Bed Stuy. The author also blogs at www.thisuglyhousenyc.com. One of the selling points for my family and me when we bought… Read More > The post This Ugly House: We Rebuild Crumbling Extension, Spruce Up Rear to Let in More Light appeared first on Brownstoner.

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The Fed and Rising Rates

BubbleInfo

From MND: Fed policy is critically important to interest rates and January has marked a shift in the Fed policy outlook. In not so many words, the Fed sees itself hiking rates and decreasing its bond purchased more quickly than previously expected. It has conveyed this in various ways since the beginning of the month. Today’s policy […].

Loans 104
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Don’t let your clients fall into these homebuying regrets

The American Genius for Real Estate

(BROKERAGE) When helping clients buy a home, steer your buyers away from these potential dangers in order to avoid regrets. The post Don’t let your clients fall into these homebuying regrets appeared first on The American Genius Real Estate.

Brokerage 101
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Extra Credit: Could You Revive This Former Schoolhouse in Minnesota?

Realtor.com

Realtor.com This forgotten schoolhouse in rural Norcross, MN, holds out the possibility of becoming an A-plus conversion. Extra credit will be required. “It has a lot of potential, but it has a lot of work ahead of it, too,” says the agent, Karen Berget with American Eagle Realty. “It’s almost all cement, which is why it is still standing after all these years of neglect.

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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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TikTok Instant Pages: Better Ad Conversions

Realty Biz

If you are already using TikTok ads for your real estate company, you will soon have access to a new tool to better your reach and conversions: TikTok Instant Page. @tiktokforbusiness Introducing TikTok Instant Page, here to make moving from in-feed ads to sales lightning fast. #WhatsNewOnTikTok #tiktokmarketing ? original sound – TikTok For Business.

Branding 100
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5 Real Estate Vocabulary Shifts for Higher Perceived Value

RIS Media

With an ever-growing number of competitors in the real estate industry, it’s not enough to simply have a valuable service and hope your cookie-cutter marketing will be enough to win customer conversions. Your potential clients are flooded with marketing campaigns left and right, whether by email, PPC ads or simply in their Google search results. Most importantly, your audience is perusing mostly through words as opposed to audio.

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Coldwell Banker Seaside Realty Welcomes Dustin Spain To Kitty Hawk Office

Realty Biz

Coldwell Banker Seaside Realty is excited to announce Dustin Spain as the newest agent to the Kitty Hawk office. Dustin was born and raised in Currituck County where he grew up working in several of his family’s well-known businesses in the community including Kevin’s Store, Cindy’s Kitchen and Currituck Sports. Prior to obtaining his real estate license, Dustin traveled across the country filming action sports races and nationally broadcast cable news from Florida to Hawaii.

Banks 99
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Rate Hikes ‘Soon’ as Fed Walks Tightrope

RIS Media

A highly scrutinized two-day meeting of the Federal Reserve that concluded Wednesday resulted in no new interest rate hikes, though the central bank appears poised to move forward with an increase in the next few months following persistent inflation and an accelerating economic recovery. “With inflation well above 2% and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate,” the Fed wrote in a statement following the meeti

Banks 98
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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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Kat Von D Selling L.A. Mansion With Blood-Red Pool for $15M

Realtor.com

Getty Images / Realtor.com The tattoo artist Kat Von D wants to ink a deal for her Los Angeles mansion. Her arty abode has come on the market for $15 million, TMZ reported. The reality star purchased the place in 2016 for $6.5 million. Six years later, the jump in price reflects the major work and the serious dough she has poured into the historic home.

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Report: 2021 Rental Market Ends with Price Growth More Than 5X Faster Than in 2020

RIS Media

New data from realtor.com® show national rents grew five times faster in 2021 than in 2020, on average, and in December, rent prices hit the sixth straight month of double-digit yearly increases nationwide. According to realtor.com®’s Monthly Rental Report , prices also surged in most large metros, led by Miami, Tampa and Orlando Fla. with gains of more than 34% each.

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Finding Success from the Start

The Residential Specialist

Tamara Towns-Pozorski, CRS, was determined to earn her designation early in her career. When Tamara Towns-Pozorski, CRS, decided to pursue a career in real estate, she began taking her licensing coursework at Waukesha County Technical College in her home state of Wisconsin. At the time, she had hopes of getting as much in-person interaction with professionals who were already deep within the field, so a college setting felt most appropriate.

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Mortgage Rates Rise for Fifth Straight Week to Highest Level Since March 2020

RIS Media

Mortgage applications decreased 7.1% from one week earlier, for the week ending January 21, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Key findings: The Market Composite Index decreased 7.1% on a seasonally adjusted basis from one week earlier. Unadjusted, the index decreased 6% compared with the previous week.

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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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Adopt a Sea Turtle – Juno Beach

Waterfront Properties

The Loggerhead Marinelife Center in Juno Beach is a non-profit sea turtle hospital, rehabilitation, and Research Center. The center’s mission is aimed to protect and promote the oceans ecosystems and to be one of the leading destinations to provide for injured and endangered sea turtles before being released back into the ocean. Visit the Loggerhead Marinelife Center and you can support the sea turtles through their ‘Adopt a Sea Turtle’ program.

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Follow the Money: New Leads vs. Database

RIS Media

Any successful real estate agent will tell you that their best source of leads exists within their own database. This was discussed during RISMedia’s Real Estate’s Rocking in the New Year virtual session, “New Leads vs. Database: How to Focus on Your Best Sources,” held earlier this month. Buffini & Company’s Vice President of Coaching and Membership, Dave McGhee, moderated a panel of top agents that included Greg Chaplain of The Real Estate Group; Greg Lukina of David Lyng Real Estate; and

MLS 98
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‘Fixer to Fabulous’ Reveals What’s Lacking in Modern Farmhouse Decor: Do You Feel It, Too?

Realtor.com

HGTV Dave and Jenny Marrs , the hosts of HGTV’s “Fixer to Fabulous,” know that renovation plans often get delayed—now more than ever—but that it’s never too late to pick up that wrench or sledgehammer, right where you left off. In the Season 3 episode “Home Dreams Live On,” Jenny and Dave meet Kimberly, a mother of six who’s been dreaming of renovating her home for years.

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Bridging the Diversity Gap for Asian-American Homebuyers

RIS Media

During the 2021 REALTORS® Conference & Expo in San Diego, California, RISMedia’s Senior Online News Editor, Liz Dominguez, had the opportunity to sit down and speak with Tim Hur, managing broker and president of Point Honors and Associates, REALTORS® about his new role and responsibilities as president of The Asian Real Estate Association of America (AREAA).

Agents 98
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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.