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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GeekEstate
AUGUST 4, 2022
Members of the GEM (“Geek Estate Mastermind”) have access to original strategic analysis, a weekly digest to stay in the proptech know, private highly curated events, and a private forum complete with over 220 long-form essays in the archives. Below is a wrap-up for the month of July with the most interesting analysis & commentary from the GEM.
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.
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
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.
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
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.
Advertiser: Trellis
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.
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
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.
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.
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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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.
Eye on Housing
AUGUST 4, 2022
Housing’s share of the economy edged lower at the end of the first half of 2022. For the second quarter of 2022, overall GDP declined at a 0.9% annual rate, following a 1.6% decrease in the first quarter. Housing’s share of GDP decreased to 16.6%, slightly below the first quarter share of 16.7%. In the second quarter, the more cyclical home.
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.
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.
Real Trends
AUGUST 4, 2022
More people have moved into high fire risk and high flood risk areas in recent years than out of them, according to research from Redfin. The brokerage found that between 2016 to 2020, the 50 counties with the largest percentage of homes facing high fire and flood risk saw their populations grow an average of 3% and 1.9%, respectively. In addition, over the past two years, as interest and demand for second homes has grown, purchases of secondary homes with high flood, storm and/or heat risk have
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.
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.
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.
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.
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” […].
BubbleInfo
AUGUST 4, 2022
Whoever advertises the most, wins the game. I know agents who spend $25,000 to $50,000 per month! Aug. 4, 2022- Zillow, Inc. and Opendoor Technologies Inc. have announced a multi-year partnership that combines two category leaders to transform how people start their move. The partnership will allow home sellers on the Zillow platform to seamlessly request […].
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
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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.
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.
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?
Properties Online
AUGUST 4, 2022
Being able to find potential qualified buyers on a regular basis is essential for real estate agents, but it’s not always easy. How can you make sure you’re consistently reaching home buyers? The following real estate marketing tips can help. Build a Website Having your own website provides an effective way to attract home buyers. Your website… Read More » Real Estate Marketing Tips to Target Potential Qualified Buyers.
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.
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