Toronto Realty Blog
AUGUST 4, 2022
TorontoRealtyBlog. The date was July 17th, 2007. Toronto Mayor, David Miller, had been pushing for a municipal land transfer tax, even though residents of the city already paid a provincial land transfer tax upon the purchase of real estate, and this was to be Mayor Miller’s baby! But after a lengthy debate, the vote went against Mayor Miller: 23-22.
Housing Wire
AUGUST 4, 2022
Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. The change could give nonbank lenders a way to guard against redlining accusations. The government-sponsored enterprise will start accepting such loans immediately. According to Fannie Mae’s guidance , “The lender must have a documented program that provides grants for low- to moderate-income borrowers, community development, equitable housing initiative
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Keeping Current Matters
AUGUST 4, 2022
As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house.
Housing Wire
AUGUST 4, 2022
Rocket Companies , the parent of America’s top mortgage lender Rocket Mortgage , reported a $60 million profit in the second quarter, down from $1 billion in profits just the previous quarter. The stunning decline in profitability suggests Rocket has much work to do as higher mortgage rates wipe out refinancing opportunities and even depress purchase sales.
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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.
Eye on Housing
AUGUST 4, 2022
An earlier post revealed that 63% of buyers who were actively engaged in the process of finding a home in the 2nd quarter of 2022 have spent 3+ months searching for a home without success. The most common reason these long-term searchers cite for not having bought by now is their inability to find an affordable home (43%). In second.
Housing Wire
AUGUST 4, 2022
The current administration has been in office for over a year and a half, and with that tenure, a lot of the new housing officials have had time to create and announce their core initiatives. To help bring you the latest regulatory and government updates that you need to be aware of, we’re excited to include the Regulatory Super Session at HousingWire Annual on Oct. 4.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 4, 2022
The parent company of appraisal software firm Veros Real Estate Solutions has acquired California-based appraisal management company Valligent Technologies. Valligent, founded in 2003 and led by Jeremy McCarty and Jeff Wickham, provides traditional, desktop and hybrid appraisal services to lenders, credit unions and others. Its bend toward digital valuation services comes during a time of growing acceptance by Fannie Mae , Freddie Mac and the VA to use desktop appraisals and hybrid appraisals.
Fancy Pants Homes
AUGUST 4, 2022
*Please note that this article contains affiliate links and we will get a small commission from any purchase you make by clicking on one of these links. When it comes to blue skies, it’s all about hitting the patio. And when it’s your own patio with your own comfortable furniture, even better. All-weather wicker furniture is today’s top choice for chic outdoor décor.
Housing Wire
AUGUST 4, 2022
Finance of America posted steep losses in the second quarter and has pledged to eliminate a significant percentage of its workforce to contain the financial fallout. As with other lenders seeing huge declines in mortgage origination volume, Finance of America’s traditional mortgage business took a hit due to tumbling refinance volumes and an increase in spreads on both non-agency and agency mortgage products, which resulted in revenue reductions. .
Sotheby's International Real Estate
AUGUST 4, 2022
It’s patio season! When the hottest venue is your private porch or poolside, every day is like a vacation, and summer seems endless. Unwinding with a sumptuous drink in hand and the sun arching overhead is a sensation and sentiment that knows no borders. So take a sojourn through the outdoor seating and dining arrangement at these five international properties—and while you’re at it, treat yourself to one of their favorite local cocktails.
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.
Housing Wire
AUGUST 4, 2022
Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The new venture, a mortgage brokerage operation, is focused on the California market to start, where Radius already has a strong presence.
The Close
AUGUST 4, 2022
Real estate Instagram posts can help you attract qualified leads and clients. That’s why Instagram is growing as the go-to social network for marketing your real estate business. And while we agree that agents on social media attract more leads, land more clients, and close more deals, we also know that consistently coming up with ideas for real estate Instagram posts can be overwhelming.
Housing Wire
AUGUST 4, 2022
Ahead of a potential merger with rival Intercontinental Exchange Inc. , mortgage tech giant Black Knight reported slimmer profits in the second quarter and slowing organic growth. The company’s profit dropped nearly 90% from the previous quarter’s $364.6 million due to a gain on the investment in credit report services company Dun & Bradstreet Holdings , according to the earnings report released Thursday.
Realty Biz
AUGUST 4, 2022
Having a clean home is one of the best ways to relieve stress. When you have a spotless household, you can keep a clearer mind because you’re no longer stressed about all the mess around you. However, it’s often difficult to keep everything in order, especially when you’re trying to juggle countless things at the same time. In this blog, we’ll be sharing all our best advice on how you can keep your house as pristine as possible in five easy steps… .
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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.
Housing Wire
AUGUST 4, 2022
Two years after acquiring RoundPoint Mortgage Servicing , Freedom Mortgage Corp. has inked a deal to sell the nonbank mortgage servicer to Matrix Financial Services Corp. , another leading mortgage servicer and a wholly owned subsidiary of real estate investment trust Two Harbors Investment Corp. The acquisition is an all-stock deal, with Matrix agreeing to pay a preliminary price equal to the tangible net book value of RoundPoint, plus a $10.5 million premium.
Brownstoner
AUGUST 4, 2022
A new donut shop has taken up residence in the long-vacant street level space on the corner of Ralph Avenue and Decatur Street and, so far, the reviews are glowing. Caroline’s Donuts opened its doors to the public on July 14, a fitting Bastille Day celebration for its French owners, couple… Read More > The post Caroline’s Donuts Opens Its Doors in Bed Stuy appeared first on Brownstoner.
Housing Wire
AUGUST 4, 2022
Florida-based mortgage servicing company Ocwen Financial — the parent company of entities including PHH Mortgage Corp. and Liberty Reverse Mortgage — recorded a pre-tax loss of $26 million in Q2 2022 compared to income of $6 million one year prior. The company attributes those losses to higher mortgage interest rates and spreads as well as asset sales, according to a company earnings presentation Thursday.
Realty Biz
AUGUST 4, 2022
The housing market has its ups and downs in any economic era, but today we face lower demand for mortgages than has been seen for over two decades. This is a tricky state of affairs for various reasons, so let’s discuss how we’ve reached this point and where we go from here. Inflation & interest spikes are hurting consumers. With rising interest rates implemented as an inflation-fighting measure, it’s no surprise that people are less willing to take on debt at this point in time.
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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.
Tom Ferry
AUGUST 4, 2022
Confirmation feels good. If you’ve been watching my videos or reading this blog recently, you know I’ve been emphasizing the importance of establishing “know, like, and trust” with consumers in your market. So, when I opened the National Association of Realtors 2022 Home Buyers and Sellers Generational Trends Report to find that “reputation and trustworthiness” […].
Realty Biz
AUGUST 4, 2022
The customer relationship management focused proptech startup Chime has announced a new social media tool called Social Studio. According to Chime, Social Studio is designed to enable real estate agents to capitalize on social media as a low-cost opportunity to build awareness and fill their sales pipelines. Chime said Social Studio is able to do this by automatically creating and publishing organic social media posts from its existing platform.
Brownstoner
AUGUST 4, 2022
About 15 years ago, an unprepossessing urban garage and metal shop was converted to soaring residential space with a glassed-in central courtyard and three roof decks, one of which is accessed via a 27-foot-long catwalk. (That herculean job was done by Brooklyn's Mesh Architectures for a client who is a… Read More > The post The Insider: Design Pros Tweak Williamsburg Garage Conversion to Suit New Owners appeared first on Brownstoner.
Realty Biz
AUGUST 4, 2022
Q&A with Robyn Erlenbush, Broker/Owner ERA Landmark Realty, Bozeman , M.T. Realty Biz News : The housing market of the last few years has been characterized by a frenzy of activity and a cauldron of emotions. How have you responded, particularly in your conversations with buyers and sellers? Robyn Erlenbush : We are exposed to so many different messages in the media that tell a story – a story that attempts to paint a national trend with characteristics that reach far and wide.
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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.
Mashvisor
AUGUST 4, 2022
What most of us have been anticipating is finally here. Home sales are slowing down after months of strong housing demand and price hikes.
Realty Biz
AUGUST 4, 2022
A Conversation with Lucinda Brasington Chief Operating Officer, ERA Wilder Realty, Columbia and Charleston, S.C. Lucinda Brasington has worn many hats during her real estate management career, including that of Marketing Director. In her current role as Chief Operating Officer for ERA Wilder Realty, a 300-agent strong brokerage in Columbia and Charleston, S.C., she oversees, among many things, the company’s marketing efforts.
Mashvisor
AUGUST 4, 2022
We have managed to put together this selection of the top five websites to analyze investment property. Have you considered these platforms?
Realty Biz
AUGUST 4, 2022
Multifamily investment giant TruAmerica has said it has acquired five suburban apartment communities that together comprise almost 1,500 units in Florida, Phoenix and Ohio. The acquisition spans three transactions and includes a 981-unit portfolio that’s spread across three properties, which was acquired in partnership with funds managed by Oaktree Capital Management.
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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.
The American Genius for Real Estate
AUGUST 4, 2022
Productivity naturally ebbs and flows, but we often wait until a milestone like New Year's Even to hit the reset, we challenge you to start tomorrow instead! The post Take the 30 day productivity challenge appeared first on The American Genius Real Estate.
Marco Santarelli
AUGUST 4, 2022
Buyers and sellers are bewildered by inconsistent housing market predictions , news, and statistics. Positives include record monthly price rises and never-before-seen low inventories, which bodes well for future values. Existing-home sales, while down from early-year highs is nonetheless solid. Housing metrics are still good. In the minus column, the 40% run-up in prices since the pandemic's inception and a rapid, near-doubling of mortgage rates from last autumn to near 6 percent as of now are
Redfin
AUGUST 4, 2022
Thinking of moving to Arizona? Best known as “The Grand Canyon State,” over 7 million people call this state home. And it’s no surprise with easy access to nature, great weather, and lively cities. If you are considering moving to Arizona but don’t know where you want to live, we’ve got you covered. We compiled a list of the fastest-growing cities in Arizona that saw the greatest population increase over a 5-year span from 2017 to 2021.
McKissock
AUGUST 4, 2022
Disciplinary complaints are a hot topic these days with appraisers. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, complaints against appraisers are becoming more and more common. However, there are steps you as an appraiser can take to protect yourself against becoming the subject of a lawsuit or disciplinary action.
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