Housing Wire
NOVEMBER 8, 2022
Revenue and net income were both down for Fannie Mae and Freddie Mac in the third quarter, and the two government sponsored entities (GSEs) expect the housing market to deteriorate further in the fourth quarter. Collectively, the GSEs have set aside $4.3 billion in credit loss builds to account for a decline in home values in the fourth quarter, according to earnings reports from the housing finance giants.
Keeping Current Matters
NOVEMBER 8, 2022
Buying a home is a powerful decision, and it remains a key part of the American Dream.
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Housing Wire
NOVEMBER 8, 2022
Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In a statement filed with the Securities and Exchange Commission , MeridianLink said it would pay $65 million in cash to buy the Florida-based company.
Maximum Exposure Real Estate
NOVEMBER 8, 2022
How Do Assessed Value and Market Value Differ? Do you know the difference between assessed value vs. market value? If you think assessed value and market value have any correlation with one another, then you are wrong! You will discover the difference between assessed and fair market real estate values as you read further. Over […]. The post Understanding Property Assessed Values Compared to Market Value appeared first on Maximum Real Estate Exposure.
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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.
Housing Wire
NOVEMBER 8, 2022
The Federal Reserve has given the green light for the proposed merger between Flagstar Bank and New York Community Bank to go through, about 19 months after the deal was agreed to. The $2.6 billion merger deal, which was first announced in April 2021, is now expected to close on Dec. 1. The Office of the Comptroller of the Currency approved the merger in late October.
Better Dwelling
NOVEMBER 8, 2022
Canadian real estate prices went from the fastest growing to the fastest falling in just a few rate hikes. The US Federal Reserve Bank of Dallas (Dallas Fed) Q2 2022 index of real home prices shows Canada made the biggest drop in the G7. Still, Canada retained gains making it the largest real estate bubble […]. The post Canadian Real Estate Prices Are The Fastest Falling In The G7, US Gets Frothier appeared first on Better Dwelling.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Eye on Housing
NOVEMBER 8, 2022
According to the Federal Reserve’s latest G.19 Consumer Credit report, consumer credit (ex-real estate) grew at a seasonal adjusted annual rate (SAAR) of 6.8% in the third quarter of 2022. Revolving debt increased at a 12.9% rate, more than double the pace of nonrevolving debt (+4.9%). Credit card interest rates reached 16.3%, the highest level since the inception of the.
Housing Wire
NOVEMBER 8, 2022
The Federal Home Loan Mortgage Corporation ( FHLMC, or Freddie Mac ) has appointed mortgage and financial services veteran Ravi Shankar to serve as senior vice president and head of its single family portfolio and servicing division, the company announced on Tuesday. Shankar, who has more than 30 years of experience managing finance, capital markets, portfolios, and mortgage trading operations, will report to Freddie Mac President Mike Hutchins.
Real Trends
NOVEMBER 8, 2022
It’s probably been a while since you orchestrated a house staging for your sellers. When the market was moving hot and fast last year, it just wasn’t as necessary to stage a home. But now , home staging could make all the difference in attracting potential buyers and signing on the dotted line. If you need a refresher, or you aren’t sold on the necessity of the process, we’ve compiled a list of the top five reasons that you should recommend home staging to your sellers.
Housing Wire
NOVEMBER 8, 2022
Mortgage insurer Radian Group Inc. announced it will lay off 166 employees, effective Dec. 1 from two of its offices in Pennsylvania. Out of these workers, 66 employees are from Radian’s Delaware County headquarters and 100 are from the Allegheny County office. The company employed 1,800 people at the end of 2021. Radian has joined the many mortgage and real estate companies who have laid off employees to cope with a volatile market due to the Federal Reserve’s rate hikes, among other factors.
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.
Real Trends
NOVEMBER 8, 2022
Over the past 12 months, real estate professionals have faced significant market disruption and increased competition. Meanwhile, real estate tech innovation exploded, prompting strategic agents to learn how to leverage for the benefit of their business in 2023 and adjust their strategies to better meet the needs of increasingly savvy home buyers and sellers.
Housing Wire
NOVEMBER 8, 2022
LodeStar Software Solutions, a provider of compliance tools for mortgage lenders, has partnered with loan origination system and software provider LendingPad, it announced on Tuesday. The aim of the partnership is to introduce LodeStar Discovery, a closing fee calculator, to mortgage loan originators using the LendingPad platform. LodeStar Discovery provides access to title and closing fees across the U.S. and can help users generate quotes and estimates on LendingPad as part of an integrated ex
Realtor.com
NOVEMBER 8, 2022
Getty Images Doom and gloom might be dominating real estate headlines these days, and many would-be homebuyers are feeling hopeless about their chances of getting a good deal in the wake of mortgage rate hikes, low housing inventory, and elevated home prices. There’s no denying that the cost of buying a house has risen, but if you dig into the data, you’ll find that many homebuyers might actually be in the driver’s seat right now.
Housing Wire
NOVEMBER 8, 2022
Mortgage Capital Trading (MCT) announced the appointment of Jennifer Kennelly as the new senior director of its investor services team. Kennelly’s professional career spans more than 25 years, including roles as national sales executive at LoanCare, capital markets director at Lenders One Mortgage Cooperative, managing director at Compass Analytics and positions at Freddie Mac.
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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.
Real Trends
NOVEMBER 8, 2022
The parent of flat fee real estate brokerage and technology platform Fathom Realty plans to raise transaction fees by 10% when the calendar turns to 2023. Fathom Holdings this week told investors that while revenue grew 10.2% in the third quarter to $111.3 million, it lost $6 million. To get in the red, the company, the parent of Fathom Realty, plans to raise fees on agents and cut expenses.
Realty Biz
NOVEMBER 8, 2022
Online marketing takes many forms. From paid search advertising to social media marketing and beyond, there are dozens of different techniques you can use to lead prospects through your sales funnels and convert them into buyers. One of the most effective methods is by leveraging email. Here’s what you should know about what strategies you need to employ to get buyers through email marketing.
Sotheby's International Real Estate
NOVEMBER 8, 2022
Owning a historic property offers a unique opportunity for an individual to act as a steward of a city’s and nation’s history and to interpret and share that heritage. This early-20th-century landmark in the prestigious San Francisco neighborhood of Pacific Heights affords just such a valued opportunity. Immediately captivating from any vantage point within eyeshot, the striking Tudor Gothic manor has a provenance deeply rooted in the life of “the City by the Bay.
Fancy Pants Homes
NOVEMBER 8, 2022
A distinctly modern, newly built home in the affluent Washington D.C. suburb of Oakton, Virginia, has recently hit the market for $6,480,000. And it’s a beauty! Completed in 2022, the massive 15,000-square-foot home blends contemporary European architecture with ultra-luxurious finishes, and the end result is a strikingly modern home with a clean, eye-grabbing design — both inside and out.
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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.
The Close
NOVEMBER 8, 2022
Real estate scams cost buyers, sellers, property owners, renters, and real estate professionals upward of a billion dollars every year. And that’s not even the worst of it. Scammers are becoming increasingly sophisticated, harder to catch, and the financial losses caused by real estate scams perpetrated by these criminals are extremely difficult to recover.
Lighter Side of Real Estate
NOVEMBER 8, 2022
People often joke about how real estate agents use “code words” like “cozy” to describe a house that’s small, or “move-in condition” as a way to say it’s clean but not updated, but that’s part of the job! Agents have to be good at putting a positive spin on your house, no matter what they’re given to work with. Ideally you shouldn’t have clutter when you list your house for sale.
Realtor.com
NOVEMBER 8, 2022
iStock A closing disclosure is a form outlining the terms and costs of your mortgage—and one of the most important pieces of paperwork to check before you close on a home. Lenders must provide borrowers with a closing disclosure (also called a CD) at least three business days before closing—that day when all the remaining paperwork is signed and you get the keys to your new home.
Point2Homes
NOVEMBER 8, 2022
If you’re looking to rent your first apartment , know that units come in all shapes and sizes. Studio apartments may be among the smallest, but they can be quite a good fit for first-time renters or those looking to downsize. With that in mind, let’s take a closer look at what a studio apartment is and explore some of its pros and cons. Studio Apartment Basics.
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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.
Realty Biz
NOVEMBER 8, 2022
According to a study by the NAR , 87% of recent buyers purchased their homes via a real estate agent or broker. Most of them found that having expert help was key to discovering a home they wanted. It only makes sense that a well-established brokerage is bound to have more options on offer than an independent real estate agent. You'll find many excellent real estate brokerage options available to assist you with your home search, but these are your top ten choices right now. 1.
Realtor.com
NOVEMBER 8, 2022
Roger Stowell/Getty Images French country style is all about wrought iron, exposed beams, painted furniture, and other decorating designs rooted right where you’d expect—in the French countryside, specifically Provence. While this style has existed for centuries in France, it took off in the United States in the mid-20th century, thanks to two influencers: the French company Pierre Deux, and former first lady Jacqueline Kennedy. “Mrs.
Bigger Pockets
NOVEMBER 8, 2022
Many Americans dream of a middle-class lifestyle, which has looked even rosier over the past five years. A bullish stock market characterized the period before the pandemic, and record-breaking increases in housing […].
Realtor.com
NOVEMBER 8, 2022
Photo courtesy of Havlicek Builders Inc. via Houzz There’s a myriad of home trends coming and going these days—from the tiny-house movement to maximalist-style new construction. And it can feel nearly impossible to keep up as a buyer. How can you determine when a home is a good long-term investment that will be desirable to future buyers, versus a decision you’ll come to regret ?
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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.
Bigger Pockets
NOVEMBER 8, 2022
The path to financial freedom is a marathon, not a sprint. It requires patience, discipline, sacrifice, and a long-term mindset. Today’s guest, Logan Kohn, is on his way to financial […].
Real Estate Investar
NOVEMBER 8, 2022
The broad-based fall in property prices continued in October with all capital cities seeing values decline.
Brownstoner
NOVEMBER 8, 2022
Copenhagen-based Reform has moved from the Navy Yard to Dumbo. Still a work in progress, the showroom at 45 Main Street has its official opening party Thursday. The company, which makes fronts for Ikea kitchens, briefly operated out of another address down the street before opening at the new location over… Read More > The post Ikea Cabinet Hack Firm, Copenhagen’s Reform, Moves Showroom to Dumbo From Navy Yard appeared first on Brownstoner.
Realty Biz
NOVEMBER 8, 2022
The average American home hit a record high of $400,000 in May of this year. There are numerous factors that determine your home value when you decide to sell - size, location, age, etc. If you’re looking to sell for the highest possible price, you may have to take matters into your own hands with some renovations. An updated home with new features is always going to fetch more on the open market.
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