Tue.Nov 22, 2022

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Prepayment activity drops to another record low as mortgage rates top 7%

Housing Wire

Prepayment activity fell to another record low in October amid mortgage rates topping 7% and refis drying up. Black Knight expects that the steep declines in rate lock volume and seasonality factors point to further declines in prepayment activity. Prepayment dropped 16.5% to a single-month mortality rate of 0.48%, well below the previous record of 0.55%, according to Black Knight’s October mortgage performance statistics report.

Mortgages 417
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What Homeowners Want To Know About Selling in Today’s Market

Keeping Current Matters

If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you.

Marketing 253
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Inside Movement Mortgage’s acquisition plans

Housing Wire

Movement Mortgage CEO Casey Crawford and President Mike Brennan. Movement Mortgage’s deal to acquire top indie retail lender Mortgage Network marks a shift in the South Carolina-based company’s strategy. “Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. “But that’s changed: we’re now attracting bigger groups, bigger producers.” .

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Canada Needs Lower Home Prices & Economic Stability Requires “Pain”: Bank of Canada

Better Dwelling

Canada’s got ninety-nine problems and mortgage debt is…. Over two trillion of them. Bank of Canada (BoC) senior deputy governor Carolyn Rogers addressed concerns about financial stability earlier today. She boiled it down to two major concerns that have been present for a long time, but are building up — household debt and housing. She […]. The post Canada Needs Lower Home Prices & Economic Stability Requires “Pain”: Bank of Canada appeared first on Better Dwelling.

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The 2025 Real Estate Roadmap to Success

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.

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Marcia Fudge will be the first sitting HUD secretary to visit Japan

Housing Wire

U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge will be the first sitting HUD secretary to visit Japan when she arrives in Tokyo next week. According to an announcement, Tokyo’s Governor Yuriko Koike will hold a joint news conference with Fudge on November 30 to “learn more about [Japan’s] policies regarding public housing, affordable housing models, and aging in place.” Secretary Fudge is also slated to meet with the Minister of Land, Infrastructure, Transpor

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97% Built-for-Rent Multifamily Construction Share

Eye on Housing

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the third quarter of 2022. At 141,000 units started, this was the largest quarter for rental multifamily construction since the second quarter of 1986. The market share of rental units of multifamily construction starts increased to 97% as the already small condo.

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What Are House Covenants, Conditions, and Restrictions: CC&R’s Explained

Maximum Exposure Real Estate

The Ultimate Guide to Covenants, Conditions, and Restrictions (CC&Rs) Have you heard of restrictive covenants or house covenants? While you might have a checklist of things you want from your next home, you might also need to consider what you are and aren’t allowed to do when you own it. If you buy a home […]. The post What Are House Covenants, Conditions, and Restrictions: CC&R’s Explained appeared first on Maximum Real Estate Exposure.

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Inside Santa Fe’s Vida Encantada

Sotheby's International Real Estate

North of Santa Fe, where the Sangre de Cristo Mountains begin to roll toward the historic downtown, an incomparable estate stretches gracefully across a 3.7-acre hilltop amid the piñon- and juniper-strewn terrain. Unparalleled in the area for its scope, self-sufficiency, security, and superior construction and finishes, it features four distinct residences, spa and fitness facilities, a chicken coop, a greenhouse, a resort-caliber swimming pool and spa, a veritable outdoor cinema, and numerous o

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The Property Brothers Show Off the Ultimate Space-Saving Kitchen Upgrade on ‘Celebrity IOU’

Realtor.com

Property brothers Jonathan and Drew Scott have worked with many a film, TV, and pop star on their show “ Celebrity IOU.” But this is the first time they’ve ever been able to help a Broadway legend. In the episode “Idina Menzel’s Slam Dunk,” they meet Idina Menzel , who has starred in “Wicked” and “Frozen,” among many other musicals and shows. “She is known as the Queen of Broadway, and I am known as the King of Construction,”

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What is a Cash-Out Refinance and How Does It Work?

Realty Biz

Buying a home is a huge accomplishment but in today’s market, you don’t always get the home that you dreamed of. You may need to make some changes and upgrades after achieving the initial purchase. Two or four years down the road might be when you look into a cash-out refinance. After saving for years for the down payment, it can be difficult to keep saving to make improvements to the house you were finally able to buy.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Mom-and-Pop Real Estate Investors Are Pulling Way Back. Here’s Where—and Why It Matters

Realtor.com

Photo-Illustration by Realtor.com / Getty Images (4) For the past several years, venture capital–backed investment behemoths and mom and pop newbies alike have poured money into real estate. With mortgage interest rates at historically low levels and stimulus cash sloshing through the economy, real estate investment went from vigorous to full-on feverish.

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Did You Know Your Real Estate Agent Can Fire You? Here’s How to Avoid It

Lighter Side of Real Estate

Home buyers and sellers are sometimes concerned about whether they’ll have the right to fire their real estate agent if they aren’t getting the job done. Considering it’s typically the biggest purchase many people make, or the sale of their largest asset, it’s fair and reasonable for consumers to want the ability to part ways. But what many people don’t think about is whether they can be fired by their agent.

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Space Heaters and Other Things You Shouldn’t Plug Into a Power Strip or Extension Cord

Realtor.com

Getty Images If you own an abundance of appliances and tech gadgets, chances are you can’t live without power strips and extension cords. They allow you to power multiple electrical devices at once and can be neatly tucked out of sight. But magical as they are, power strips and extension cords can hold only so much. If you overload them, you can run the risk of their overheating or even catching fire.

Design 94
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Mortgage Rates Today

BubbleInfo

The Spring Selling Season could get a real boost if mortgage rates stay in the 5s. The Fed has been telegraphing their intentions for months now, and at this point, there can’t be anyone who thinks the Fed won’t keep raising their Fed Funds rate – at least for their next two meetings. Mortgage lenders […].

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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The Cash-Flowing Car Wash and Early Retirement Through Creative Real Estate

Bigger Pockets

The beautiful thing about building wealth is there’s not just one way to reach your financial goals. This is where your creativity and ambition come into play. Today’s guest, Daniel Schiermeyer, built his residential portfolio and then leveraged […].

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Running Real Estate Ads That Deliver Results

Realty Biz

When it comes to real estate ads, it's important to keep up with the latest trends in marketing and to make sure your ads are reaching the right audience. A well-written real estate ad that includes the right information can go a long way toward landing potential clients while minimizing wasted time and money on ineffective campaigns. Whether you're an experienced real estate agent or just starting out, this guide will walk you through creating an effective real estate ads campaign.

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Brooklyn Real Estate Listings Six Months Later: One Sold, Three off the Market

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Downtown Brooklyn, Ditmas Park, Prospect Heights and Windsor Terrace. How did they fare? While not huge, this one-bedroom loft in an early 20th century Downtown Brooklyn commercial building has high ceilings and… Read More > The post Brooklyn Real Estate Listings Six Months Later: One Sold, Three off the Market appeared first on Brownstoner.

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Game of Homes: Sophie Turner and Joe Jonas List Their Miami Mansion for $17M

Realtor.com

Getty Images / Realtor.com That was fast. A-list celebrity couple Sophie Turner and Joe Jonas just listed their Miami waterfront estate for $16,995,000—after purchasing it a little more than a year ago for $11 million. The duo reportedly moved into the 10,416-square-foot home with their two children before deciding to sell—and after remodeling it. The “Game of Thrones” actress and her popster husband hired interior designer Sarah Ivory to redesign the deluxe digs, according to a Wal

Design 75
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Giant Prospect Heights Prewar One-Bedroom With Banquette, Dressing Room, Foyer Asks $995K

Brownstoner

A spacious one-bedroom on the fifth floor of a six-story elevator building in Prospect Heights was recently renovated to make the most of the apartment's charming prewar features. The winding layout includes a large foyer, dressing room and dining area with built-in banquette. Described as neo-Classical in an early brochure and… Read More > The post Giant Prospect Heights Prewar One-Bedroom With Banquette, Dressing Room, Foyer Asks $995K appeared first on Brownstoner.

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What to Look for When Searching for a Roofing Contractor

RISMedia

By Hannah Whittenly Finding the best roofing contractor for your needs can be a daunting task. There are so many types of materials and shingles that you may need help figuring out where to start. It can be difficult to decipher which contractor will give you the best quality materials, service, and price for your […]. The post What to Look for When Searching for a Roofing Contractor appeared first on RISMedia's Housecall.

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Brooklyn Gets First LGBTQ+ Landmark With Designation of Lesbian Herstory Archives

Brownstoner

Commissioners on the city’s Landmark Preservation Commission unanimously voted to landmark the Park Slope headquarters of the Lesbian Herstory Archives in a public meeting today. The vote followed an October 25 public hearing where six people testified in support of landmarking the building at 484 14th Street due to its cultural… Read More > The post Brooklyn Gets First LGBTQ+ Landmark With Designation of Lesbian Herstory Archives appeared first on Brownstoner.

Design 75
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Avoid these transaction apps, according to a former banker

The American Genius for Real Estate

Transaction apps were quickly adopted for convenience, but are they really safe to send and receive money on? A former banker breaks it down.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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Daily Links: Low-Rise Retail Stores on Flatbush Avenue to Be Razed for Condos

Brownstoner

In the News Greenpoint Designer Knows How to Dress a Rock Star [NYT] A Night Out in Park Slope With Old Jewish Men [NYT] Live from the Brooklyn Museum—Today’s Top Stories! [New Yorker] Newtown Creek Alliance Wants Input on Proposed Creek Changes [Greenpointers] Industry City's Ice Rink Returns to Brooklyn for the Holidays [Gotham Mag] Solange… Read More > The post Daily Links: Low-Rise Retail Stores on Flatbush Avenue to Be Razed for Condos appeared first on Brownstoner.

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3 Updates to Complete Before Placing Your Home on the Market

RISMedia

By Anica Oaks Selling a home is easy, but maximizing your profit is hard. The key to selling strategy in real estate is to invest in improvements that improve the property's value for a relatively low cost. Sometimes this value translates directly into a higher sales price or as a way to sell it faster […]. The post 3 Updates to Complete Before Placing Your Home on the Market appeared first on RISMedia's Housecall.

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Tower Records Reemerges in Williamsburg With New Creative Hub for Music

Brownstoner

Sixteen years after Tower Records was forced to close all of their physical stores, the once-giant music retailer is making a comeback in Williamsburg — and taking a new approach. Tower Labs, a cozy, warmly lit “creative hub” where artists and fans can mix and mingle at a variety of… Read More > The post Tower Records Reemerges in Williamsburg With New Creative Hub for Music appeared first on Brownstoner.

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Royal Remodel: Peek Inside a Serene Florida Castle on the Market for $3.3M

Realtor.com

Realtor.com Historic Spanish style meets modern luxury at a remodeled estate known as The Spanish Castle , in St. Petersburg, FL. On the market for $3,326,000, the four-bedroom home sits on almost an acre—just blocks from the water. “This property is located in a metro area. But because of the size of the property and the fact that it’s surrounded by walls, you have a real sense of peace and serenity,” says listing agent Glen Richardson , of Smith & Associates Real Estate.

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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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Why it’s smart that Redfin shuttered its house flipping program

The American Genius for Real Estate

iBuying, another term coined for housing flipping, was a venture both Zillow and Redfin took on, but also ultimately failed at.

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The Differences Between an Appraisal and a Home Inspection

Hank Miller Team

Appraisers and home inspectors are important parts of a real estate transaction, but they serve completely different purposes. There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In fact, some real estate agents would also benefit from a reminder about their respective roles.

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ListSource vs. PropStream: Pros and Cons

Mashvisor

Get a ListSource vs. PropStream overview, learn about their advantages and disadvantages, and see whether there’s a third option here.

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Top agent tips for navigating holiday listings and showings

Real Trends

Along with the holidays come those predictable holiday objections. Your sellers want to ‘take a break’ and your buyers are constantly rescheduling. It’s a busy time of year for everyone. How can you take a breath, enjoy the merrymaking and still keep your momentum ? Below, you’ll find our top ways to do just that. Respect the wishes of your clients.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.