Wed.Jul 06, 2022

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Avoid These 7 Listing Photo Mistakes When Selling Your Home

Mandrona Group

A photograph can be worth more than a thousand words. This is especially true in real estate. You might have. Read More.

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Sprout Mortgage to shutter

Housing Wire

Non-QM lender Sprout Mortgage is shutting down operations, multiple workers said on Wednesday. The company informed workers of the shut down in a conference call on Wednesday, a former staffer said. Sprout had already instituted several rounds of job cuts in the months leading up to the shutdown, the ex-employee said. The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility.

Mortgages 493
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How Your Equity Can Grow over Time

Keeping Current Matters

It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years.

Equity 233
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Will mortgage lending get tighter in the next recession?

Housing Wire

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collaps

Lending 477
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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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10 Signs Your Real Estate Market Is Shifting

Realty Biz

It is not unusual for real estate markets to change. It happens all the time. Quite often real estate markets stay the same for quite a while and then something happens that causes a shift. Sometimes it is the general economy, other times it could be interest rates moving significantly up or down, and possibly the stock market changing drastically. Your probably wondering what are the major signs that the real estate market is changing in your local area.

More Trending

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Outsource Lead Generation While Keeping Humanity

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the Geek Estate Mastermind. Today’s showcase: BoomTown]. It’s not easy to respond to every lead, leaving potential valuable relationships and commission dollars to slip through the cracks. An automated response lacks the personal touch many customers appreciate resulting in lost leads anyways.

Agents 117
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FHFA to increase GSE fourth-party oversight

Housing Wire

The Federal Housing Finance Agency (FHFA) will increase its oversight of fourth parties – companies that contract with firms doing business with Fannie Mae and Freddie Mac. The FHFA is also considering beefing up its fourth-party oversight guidance for Fannie Mae and Freddie Mac. To that end, in 2022, it will monitor trends in fourth-party risk management, and evaluate Fannie Mae and Freddie Mac’s exposure to fourth parties, according to a report the FHFA Inspector General issued at the

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Leucadia Developments

BubbleInfo

More review of the latest developments in Leucadia as I cruise by the next Toll Brothers community and take a look at what the planning commission just approved: The 3.79-acre project site, which is just south of the Alila Marea hotel on N. Coast Highway, is proposed to contain 94 apartments, of which 19 will […].

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Feds release list of poor rural areas that need affordable-housing lending

Housing Wire

The federal banking regulators responsible for overseeing the Community Reinvestment Act (CRA) obligations of lenders they regulate have released the 2022 list of distressed or underserved rural census tracts where community-development loans, investments and services are eligible for special CRA consideration. Community-development efforts eligible for the special consideration include affordable-housing lending in these lower-income rural census tracts.

Lending 382
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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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Over List, June

BubbleInfo

Paying over the list price must have some addictive qualities! Either that, or the superior homes are still attracting a lot of attention. Well into the higher-rate environment, more than half of the June buyers paid over the list price! Here is the breakdown by price range: The average and median sales prices have been […].

Sales 105
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Mortgage apps slide 5.4% despite lower rates

Housing Wire

Fewer applications show borrowers’ demand for mortgage loans fell this week, despite a decline in rates due to concerns of an economic recession, according to the Mortgage Bankers Association (MBA). . The survey, which includes adjustments to account for the long Fourth of July weekend, shows mortgage applications down 5.4% for the week ending July 1, compared to a week earlier. .

Mortgages 381
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Construction Job Openings Leveling Off

Eye on Housing

The construction labor market remains tight, but the total number of open construction sector jobs has likely reached a cyclical peak as economic activity slows in response to tighter financial conditions. The count of open construction jobs was little changed in May, falling from 440,000 in April to 434,000. The April reading remains the highest measure in the history of.

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Pennymac launches two MSR-backed private offerings

Housing Wire

Subsidiaries of Pennymac Financial Services Inc. (PFSI), which ranks as one of the top five mortgage lenders nationally, are seeking to raise more than $700 million in the debt markets through the sale of notes secured by mortgage servicing rights. The transactions include a note offering of $305 million sponsored by PFSI subsidiary PennyMac Mortgage Investment Trust that is “secured by certain participation certificates relating to Fannie Mae mortgage servicing rights [MSRs],” states a recent f

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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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Mortgage and refinance rates today, July 6, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates barely moved yesterday, breaking a three-business-day run of falls. That was a bit of a surprise because another drop had looked likely […].

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New Residential makes another round of layoffs

Housing Wire

Lender and servicer New Residential Investment Corp. laid off originations staffers last week, sources told HousingWire. The lender has made several rounds of cuts since February. Employees in processing, underwriting, and closing jobs were the main targets in the last week’s layoff round, according to multiple interviews with former employees. . The latest layoff affected employees in both junior and senior roles.

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Higher Rates Reduce Mortgage Demand

Eye on Housing

Per the Mortgage Bankers Association’s (MBA) survey through the week ending July 1, total mortgage activity decreased, with the 30-year fixed-rate mortgage (FRM) rate reaching 5.8% on average. The latest week’s rate decreased to 5.74%, declining for the second straight week but still above pandemic levels. The Market Composite Index, a measure of mortgage loan application volume, decreased by 5.4%.

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Dreaming of Places Far, Far Away: New Coldwell Banker Data Shows High Rate of Out-of-State Searches

Coldwell Banker

Fresh Coldwell Banker data from the Move Meter? reveals where Americans are dreaming of moving. The post Dreaming of Places Far, Far Away: New Coldwell Banker Data Shows High Rate of Out-of-State Searches appeared first on Coldwell Banker Blue Matter.

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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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What a recession would mean for the housing market (Podcast)

The Mortgage Report

Is a recession coming? And what would it mean for the U.S. housing market? One real estate expert explains in this podcast.

Marketing 111
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A Breath of Fresh Air: A Short History of the Sleeping Porch

Brownstoner

The early twentieth century fresh-air movement spurred an architectural trend of sleeping porches as an essential domestic amenity. Brooklynites embraced the fully windowed rooms, said to ensure healthy sleeping and prevent disease. In scientific journals and the latest home decorating and architecture magazines, writers explored the benefits of year-round fresh-air… Read More > The post A Breath of Fresh Air: A Short History of the Sleeping Porch appeared first on Brownstoner.

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How to save on a car and home insurance bundle

The Mortgage Report

As a homeowner, you can lower you monthly bills with a car and home insurance bundle. Learn how to maximize your insurance savings here.

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4 Ways to Help Manage Client Expectations

McKissock

Real estate transactions are similar to putting together a jigsaw puzzle. Every transaction involves multiple parties, motives, challenges, and timelines. One of the main responsibilities of a real estate agent is to effectively organize all the competing interests of a transaction (or pieces of the jigsaw puzzle). The end goal is that at the end of the process all the pieces of the puzzle add up to a successfully closed deal.

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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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The Best Real Estate YouTubers of 2022

Agent Fire

Here are the leading real estate Youtubers in several categories: digital marketing, new agents and career building, coaching, home tours, and lead generation. The Best Real Estate YouTubers of 2022 is just one of many great real estate strategies on The Spark.

Agents 84
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Increasing Geothermal Energy, Creating Cleaner Buildings at the Core of New State Laws

Brownstoner

Governor Kathy Hochul on Tuesday signed several bills into law designed to reduce greenhouse gas emissions and support the development of clean energy networks. The bills — which call for updates to existing building and appliance codes specifically to reduce greenhouse gas emissions, allow for utilities to pilot local geothermal energy… Read More > The post Increasing Geothermal Energy, Creating Cleaner Buildings at the Core of New State Laws appeared first on Brownstoner.

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10 Costly Mistakes to Avoid with a Turn Key Rental Property

Realty Biz

Many perceptive investors know that turn key rentals can bring in a reliable, low-risk, and highly rewarding passive income. What you want from a professionally managed rental property is strong passive income from reliable tenants who maintain the house and the landscaping. Tenants that stay put even when you raise the rent. Dependable monthly rent checks that show up on time every month.

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Property Price Growth Slows in June

Real Estate Investar

Price growth across the country has continued to slow down last month with the latest CoreLogic Home Value Index (HVI) showing that values dipped -0.6% in June.

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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.