Housing Wire

NOVEMBER 10, 2020

The Federal Housing Finance Agency announced Tuesday the validation and approval of the Classic FICO credit score model for Fannie Mae and Freddie Mac. “The validation and approval of Classic FICO by the enterprises allows them to continue supporting the mortgage market while assessing more modern credit score models that were submitted in response to the 2020 Joint Enterprise Credit Score Solicitation ,” the FHFA announced.

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Finance Development Mortgages As-is 539

Keeping Current Matters

NOVEMBER 10, 2020

For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% of the total wealth of a family in the U.S.”.

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Equity Principal Finance Loans 268

Housing Wire

NOVEMBER 10, 2020

Back in September, executives at Rocket Companies bragged about delivering a record third quarter , the kind of origination volume no observer or analyst had ever seen before. They weren’t kidding. Thanks to unprecedented market conditions , shifting demographics and historically low interest rates, Rocket posted closing origination volume of $89 billion, up 122% year-over-year, and rate lock volume at nearly $95 billion, an increase of 101% from the third quarter of 2019.

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Loans Mortgages Sales Technology 492

Coldwell Banker

NOVEMBER 10, 2020

With many gyms closed or operating at minimum capacity, a home gym has never sounded more appealing. Three out of five Americans are actually turning to home gyms for good, and over half of the population is looking for the best home-fitness options. You can even find affordable home gym equipment that gets the job done just as efficiently as a commercial gym can.

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Banks Commercial Closing As-is 136

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Housing Wire

NOVEMBER 10, 2020

Several state-level real estate initiatives and urban development policies were voted on in the Nov. 3 general election, including issues involving tax credits for veterans, widows and long-time homeowners. . Here’s a state-by-state real estate ballot breakdown from California , Georgia , Nebraska and others: California : Proposition 19 passes. The passing of Proposition 19 in California overhauls Proposition 13, which slashed property taxes by almost 60% in 1978.

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The American Genius for Real Estate

NOVEMBER 10, 2020

(BROKERAGE) While houses are selling quickly right now, there are some things that will almost definitely turn a home buyer off. The post 7 red flags that could scare off your potential home buyers appeared first on The American Genius Real Estate.

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Brokerage 131

Realtor.com

NOVEMBER 10, 2020

realtor.com The oldest home to hit the market this week is a New Jersey log cabin that dates to 1638. Yes, 1638. While 2020 feels like it’s gone on forever, it is hard to even fathom what life was like four centuries ago. When we wrote about this historic property three years ago, it was available for $2.9 million. It’s now back on the market for just $875,000—at a whopping 70% discount.

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Housing Wire

NOVEMBER 10, 2020

eXp World Holdings , the parent company of eXp Realty , announced in Q3 earnings on Tuesday that its revenue in the third quarter increased 100%, to a record $564 million compared to $282.2 million the year prior. That beat expectations, which were set at $409.5 million. The company’s gross profit increased by 103% to $46.8 million in Q3, compared to $23 million the year prior while commissions and other agent-related costs were $517.2 million, compared to $259.1 million the year prior.

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Residential Closing Agents Brokerage 417

GeekEstate

NOVEMBER 10, 2020

In our latest real estate tech entrepreneur interview, we’re speaking with Luke Nolan from Student.com. Without further ado… Who are you and what do you do? My name is Luke Nolan and I am the Founder & CEO at Student.com. What problem does your product/service solve? Student.com is the world’s largest student accommodation marketplace – we provide a go-to place for students looking to find their perfect home away from home at university.

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As-is 125

Housing Wire

NOVEMBER 10, 2020

The Mortgage Collaborative, the mortgage industry’s independent cooperative network, has begun releasing details on a significant virtual event they will host for their members during the first three weeks of December. Dubbed “ The 12 Days of TMC ”, the event will feature 24 keynote speeches from 12 notable non-mortgage industry celebrity speakers and 12 prominent industry leaders.

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Mortgages Industrial As-is Marketing 395

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.

Loans

Jason Fox

NOVEMBER 10, 2020

5 Ways Technology is Transforming the Real Estate Industry. Technological developments are constantly changing the way we work and live, and real estate is no exception. The real estate industry is one of those sectors that have always depended on technological advancements. However, the past decade has held some major breakthroughs. Whether you are a prospective homeowner looking to buy your first ever house, Jason Fox Real Estate Marketing | Real Estate Websites.

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Housing Wire

NOVEMBER 10, 2020

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. The Monday news of Better’s new funding round is $100 million more than it had previously quoted in late September. According to the memo, the company has now raised a total of $410 million, with investors in this round that included Activant Capital , Ally Financial , American Express Venture

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Loan Officer Investor Loans Finance 383

Waterfront Properties

NOVEMBER 10, 2020

The Loggerhead Marinelife Center in Juno Beach has recorded the third highest record numbers for the 2020 Sea Turtle Nesting Season. The Sea Turtle Nesting season begins on February 28th and last until October 31st and despite having an active hurricane season, the center recently announced another successful season. During the few months of the nesting season, Marinelife Center staff surveyed the beach in northern Palm Beach County.

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Closing 118

Housing Wire

NOVEMBER 10, 2020

Anyone who read the Mortgage Bankers Association’s recent 2021 forecast knows that refinance volume is soon to slow down. Purchase originations are expected to grow 8.5% to a new record of $1.54 trillion in 2021. Refinance originations are predicted to slow next year, decreasing by almost half to $946 billion. It might happen as early as Q1 2021, which is just months away. .

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Loans Banks Investor Closing 306

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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.

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Realtor.com

NOVEMBER 10, 2020

Windermere Real Estate For most waterfront homes, the view is the key selling point. But that’s not the case for this island home, where the outdoor pool is the true superstar. Actually, it’s more accurate to describe the pool as a rock star. Ground control to Major Tom: A giant portrait of music legend David Bowie graces the bottom of the pool of a 6,000-square-foot home on Glen Acres Road SW on Vashon Island, WA.

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Design Construction As-is Agents 117

Housing Wire

NOVEMBER 10, 2020

The low interest rates this year have led to increased revenue and high loan volumes. Unfortunately, the threat of wire and title fraud risk has also increased. As companies and their workforces continue to adjust to a work-from-home system in a disjointed environment, transition challenges persist. Acceleration of technology and the embrace of new, innovative solutions can help companies coordinate and collaborate to improve customer satisfaction, but the same new tech is also available to bad

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Title Technology Loans Industrial 313

Eye on Housing

NOVEMBER 10, 2020

The construction labor market experienced a reduced level of turnover in the September BLS JOLTS (Job Openings and Labor Turnover) data. The construction sector hiring rate slowed somewhat in September, coming in at 5.3%, after 5.5% gains in August and July. The peak rate of hiring in 2020 occurred in May (9.7%). Construction sector layoffs have been low since May.

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Construction Marketing 114

Housing Wire

NOVEMBER 10, 2020

With just a week before the official meeting takes place, the battle for CoreLogic’s board of directors continued on Monday as CoreLogic issued an open letter that urged shareholders to vote against the Cannae Holdings and Senator Investment Group proposals to completely replace CoreLogic’s board with their own nominees. “ CoreLogic’s Board is in the best position to review strategic alternatives – having overseen m&a transactions with a combined value in excess of $30 billion and take

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Due diligence Investor As-is Mortgages 225

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.

Agents

The Mortgage Report

NOVEMBER 10, 2020

How much house you can afford on $70K a year also depends on your credit, down payment, debt, and mortgage rate. Discover your purchasing power today.

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Mortgages 123

RIS Media

NOVEMBER 10, 2020

. Lee Goldstein. Broker/Owner. InTrust Realty, Inc. Raleigh, N.C. Starting off his real estate career as an appraiser, Lee Goldstein, broker/owner of InTrust Realty, Inc., has just wrapped up his 15th year in the industry. With a rich work history, owning a chain of video stores in New York and delis and restaurants in North Carolina, Goldstein thought he was finally retired in 2005.

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Pre-approval Development Agents Sales 112

The Mortgage Report

NOVEMBER 10, 2020

Today’s mortgage and refinance rates Average mortgage rates jumped appreciably yesterday. And conventional loans started out this morning at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. Although yesterday’s rise […].

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Fixed-rate mortgage Mortgages Loans 106

RIS Media

NOVEMBER 10, 2020

With the winter and the holiday season arriving, now is a good time for homeowners to take some simple precautions to help protect their family and property from fire. Here are some tips that can help prevent fire hazards in the home and can save property and more importantly the lives of the people and pets you love. – Check holiday lights for fraying or broken wires and plugs.

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Inspection As-is Agents 109

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.

Agents

The Residential Specialist

NOVEMBER 10, 2020

Photo: iStock.com/vchal/kool99/borzaya. SEO can be a powerful tool for magnifying your local online presence—but only if you’re dedicated to it. By Andrew Conner. The coronavirus pandemic has increased the importance of online lead generation for many real estate agents. However, the truth is that online marketing strategies like search engine optimization (SEO) have been a huge factor for a while.

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Branding Agents As-is Residential 105

RIS Media

NOVEMBER 10, 2020

Castle Edge Insurance Agency, Inc. recently announced that it has changed its corporate name to Realogy Insurance Agency, Inc. The company, which operates within the Realogy Title Group segment of Realogy Holdings Corp., provides homeowners and other personal lines of insurance to consumers, primarily through relationships with real estate brokers and mortgage lenders. “Over the past few months, our team has been working hard to shape a new vision for our company, one that’s focused

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Title Mortgages Agents Industrial 109

Point2Homes

NOVEMBER 10, 2020

Image: Andy Dean Photography / Shutterstock.com. Whether you’re planning to sell or you’re thinking about renovating, it’s always nice to be able to add value to your home. However, many projects that are supposed to increase the value of your home end up costing more than you could realistically hope to make back. With that in mind, we’ve listed 7 ways to increase the value of your property that won’t break the bank.

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Renovation Banks As-is 105

RIS Media

NOVEMBER 10, 2020

How top independent brokerage, Samson Properties, recruits more than 100 new agents per month . For Donny Samson, CEO of Samson Properties with 3,600 REALTORS® and 29 offices in Virginia and Maryland, when it comes to recruiting, he’s got nothing to hide. Having added 1,100 agents in the last year alone—86 percent of whom came from referrals within the brokerage—he’s pulling back the curtain and sharing his tried-and-true strategies for finding the best talent.

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Brokerage Agents Technology Marketing 106

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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.

Agents

Brownstoner

NOVEMBER 10, 2020

Editor's note: Brownstoner founder Jonathan Butler is back at it -- blogging, that is, on Instagram with the handle @real_estate_bites. We're pleased to run some of his snapshots of what he sees happening around Brooklyn here as a weekly column. Please note the views expressed are his own. … Read More > The post Real Estate Bites: After Pandemic Debut and $300K Price Chop, Park Slope Classic 6 Sells appeared first on Brownstoner.

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As-is Marketing 104

Realtor.com

NOVEMBER 10, 2020

Vallery Jean/FilmMagic After three years of twists, turns, and foreclosure proceedings, Birdman’s mansion was finally sold for $10.85 million. The Cash Money Records co-founder purchased the Miami Beach, FL, mansion back in 2012 for $14.5 million from Rockstar Energy Drink founder Russell Weiner. Three years ago we reported the music mogul, aka Bryan Williams , had listed the swanky spot for $20 million.

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Principal Mortgages As-is 102

Brownstoner

NOVEMBER 10, 2020

This one-bedroom apartment offers an alluring brownstone view, an appealing layout and a location just steps away from the Brooklyn Heights Promenade. It's at 57 Montague Street, in the building dubbed The Breukelen, a nod to the Dutch colonial town. Despite the old time name, the building is a relative… Read More > The post Brooklyn Heights Mid-Century Co-op Steps From Promenade With Bay Window, Parquet Asks $699K appeared first on Brownstoner.

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The Residential Specialist

NOVEMBER 10, 2020

Photo: iStock.com/Marco_Piunti. As the pandemic forges on, here are some popular home features that are luring homebuyers. By Chasity Cooper. Undoubtedly, 2020 will be the year that turned many (if not all) industries on their heads. Since March, the world has embraced the new normal of sheltering-in-place, wearing masks when around others in public and attending countless Zoom calls.

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Agents Marketing Equity As-is 98

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.

Sales