Housing Wire
NOVEMBER 3, 2021
To the surprise of virtually no one, loan officer commissions started to head south in the third quarter, dropping 17% year-over-year, according to SimpleNexus ’ third quarter mortgage loan compensation report. The reason? Yep, you guessed it: waning refi volume. From July to September, monthly refi commission dipped by 37%, whereas monthly purchase loan commission rose by a slight 2%, the report found.
Keeping Current Matters
NOVEMBER 3, 2021
Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory. But even over the past few weeks, rates have started to rise.
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Housing Wire
NOVEMBER 3, 2021
Zillow CEO Rich Barton. “Look, similar to other technology companies that have gone before us, we strongly believe in taking big swings and failing fast. We have learned from our experience in Zillow Offers in Q3 and are applying those learnings as we look ahead.”. Those were Zillow CEO Rich Barton’s closing remarks on Tuesday’s earnings call, after the CEO shockingly announced the wind down of the Zillow Offers iBuying program, plus a pending lay off of 2,000 employees.
Realty Biz
NOVEMBER 3, 2021
If you find you need a source of extra income, the equity you have in your home could be the solution. A second mortgage will release some of the money you’ve put into your home when you need it the most, but there are some negatives to consider. There are some common mortgage questions to ask prior to obtaining a mortgage. We’ll review the five things you need to know about second mortgages before you decide to apply to a lender.
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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.
Housing Wire
NOVEMBER 3, 2021
It’s official. The Federal Reserve announced Wednesday that it will soon begin to taper its monthly asset purchases. The central bank’s Federal Open Markets Committee said Wednesday that thanks to “substantial further progress” the economy has made, it will reduce the pace of its $120 billion in monthly purchases by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities.
Better Dwelling
NOVEMBER 3, 2021
Canadian real estate is seen as bulletproof but more banks are warning that might not be the case. CIBC Capital Markets’ November forecast shows a steep climb to the overnight rate. They expect the Bank of Canada (BoC) to hike rates up to five times over the next two years. Separately, they warned there is […]. The post There Is “Risk” In Buying Canadian Real Estate Today, BoC To Hike Rates 5x: CIBC 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.
Better Dwelling
NOVEMBER 3, 2021
We talk to investigative reporter Sam Cooper about his new best-seller Wilful Blindness. He unpacks how global crime networks, corrupt officials, and money laundering are inflating real estate prices in Toronto and Vancouver, as well as other global cities. The post How Money Laundering Is Inflating Canadian Real Estate Prices With Sam Cooper [Video] appeared first on Better Dwelling.
Housing Wire
NOVEMBER 3, 2021
United Wholesale Mortgage rolled out prime jumbo adjustable-rate mortgage (ARMs) products on Wednesday, signaling that demand for ARMs is growing inside of the broker community. According to the top-ranked wholesale lender, their prime jumbo ARMs will allow brokers to offer “competitive pricing” on five-, seven- and 10-year adjustable-rate mortgages.
The American Genius for Real Estate
NOVEMBER 3, 2021
(REAL ESTATE) After Zillow hit pause on their iBuying program, they've now cut it altogether and laid off staff. Can Zillow haters gloat yet? Maybe not. The post Zillow nixes iBuying program and cuts 25% of staff, consumers go wild appeared first on The American Genius Real Estate.
Housing Wire
NOVEMBER 3, 2021
Digital mortgage-servicing platformer Valon announced Wednesday a $43.9 million raise in equity funding with participation from affiliates of Starwood Capital Group and Freedom Mortgage , alongside independent investor and Softbank Group International CEO, Marcelo Claure. Fresh off the heels of its $50 million Series A raised in February, Valon’s total funding now sits at $93.9 million and puts the proptech at a roughly $590 million valuation, people with knowledge of the matter told Bloom
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GeekEstate
NOVEMBER 3, 2021
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: FloorPlanOnline.]. Floorplans are the third most important part of the listing for buyers, right behind photos and property details, according to NAR. FloorPlanOnline generates 2D and 3D floor plans to help prospective buyers see the complete property.
Housing Wire
NOVEMBER 3, 2021
For the sixth straight quarter , eXp World Holdings , the parent company of eXp Realty , reported record breaking revenue, according to the company’s earnings report for the third quarter of 2021, released Wednesday. The cloud-based brokerage recorded $1.1 billion of revenue in the months of July, August and September. This is a 97% increase compared to the same time period a year ago.
Eye on Housing
NOVEMBER 3, 2021
After growing steadily for six straight quarters, and peaking at 61% in the second quarter of 2021, the share of prospective buyers actively trying to find a home to buy declined to 57% in the third quarter. This is an indication that fast-growing home prices have begun to discourage a segment of potential buyers from getting past the planning stage.
Housing Wire
NOVEMBER 3, 2021
Global lender Citigroup is capitalizing on a vibrant U.S. market for mortgages that have been dinged up by the pandemic. The bank, through its residential mortgage-backed securities conduit, Citigroup Mortgage Loan Trust , has securitized some 45,000 reperforming loans valued in aggregate at $6.8 billion through five private-label offerings year to date as of the end of October, Fitch Ratings reports show.
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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.
Coldwell Banker
NOVEMBER 3, 2021
Extra, extra! Read the top 10 news items that ran in October about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – October 2021 appeared first on Coldwell Banker Blue Matter.
Brownstoner
NOVEMBER 3, 2021
This Williamsburg three-family still shows evidence of its mid 19th century roots with wide planked floor boards, a period newel post and bits of plaster detailing amidst more modern interior renovations. Those earlier details go along with the brick exterior of 153 Bedford Avenue, which includes elements typical of the… Read More > The post Williamsburg Row House With Wide Plank Floors, Renovated Kitchen, Darkroom Asks $3.5 Million appeared first on Brownstoner.
First Team Real Estate
NOVEMBER 3, 2021
Pouring their heart and soul into the renovation of their glamorous Spanish-inspired Corona del Mar estate, the sellers of 14 Rocky Point Road , Debbie and Ralph, claim to have the most Instagrammed corridor in all of Newport Beach. Originally designed by Martin-Barbosa Architects and inspired by the renowned Biltmore Hotel in Santa Barbara, the Spanish Colonial estate was built with only the finest materials and extensively upgraded with modern finishes.
Fancy Pants Homes
NOVEMBER 3, 2021
Featured image credit: Netflix/Eric Charbonneau. “I Smell Snow…” . If the arrival of the cold weather has you wanting to cancel all your plans and stay inside watching Gilmore Girls re-runs from morning until night, let me assure you, you’re not alone. The second I see the leaves outside starting to change color my first instinct is to stock up on red wines and pop tarts, drink copious amounts coffee, and disappear into an autumnal haze of Stars Hollow goodness until springtime!
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.
Brownstoner
NOVEMBER 3, 2021
In the News The Boerum Hill House That Came With 'This Crazy Elevator' [NYT] The Rise of the Designer Deli [NYT] 57 Elected Officials Across NY Urge Delay of Upcoming Tax Lien Sale [BK Reader] Bike Kill’s Gathering of ‘Mutant Bikes’ Takes Over Lot in Red Hook [Gothamist] Explore Brooklyn Literary Landmarks With BPL Self-Guided… Read More > The post Daily Links: Growing List of Officials Call for Delay of Tax Lien Sale appeared first on Brownstoner.
REM Online
NOVEMBER 3, 2021
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Parise Cormier and Exit Realty Associates receive top Exit honours. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Parise Cormier, broker/owner of Exit Realty Associates in Dieppe, N.B. was named Exit Realty Corp.
Waterfront Properties
NOVEMBER 3, 2021
Tequesta’s favorite coffee roaster, Oceana Coffee, is Palm Beach County’s only specialty grade coffee spot. Their main emphasis is to roast small batches to highlight and accentuate as many flavors as possible. The coffee itself and the geographical location of where it came from are important factors the staff encourages to educate the customers of how to properly prepare, store and taste the finest beans.Today, Oceana Coffee moved to its newer location just a half a mile from the old location
Eye on Housing
NOVEMBER 3, 2021
The Federal Reserve has supported the housing market during the virus crisis, the 2020 recession, and the subsequent, ongoing recovery via asset-backed purchases (among other tools), including $40 billion a month of mortgage-backed security (MBS) purchases. These MBS purchases have held interest rates lower than they otherwise would have been. Beginning in November, the Fed will reduce the monthly volume of.
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.
Waterfront Properties
NOVEMBER 3, 2021
Many folks crave the delicious tastes that a burger creation tends to easily satisfy. Whether it is the melting hot cheese or the dressed up veggies crowning the top, a great burger craving is not to be ignored There are many excellent choices for burgers in the Palm Beach County area, but there are some local favorites The Brass Ring Pub in North Palm Beach.You can seriously smell the juicy aroma these burgers give off a block away The smell easily pulls you in and they have been grilling some
The Mortgage Report
NOVEMBER 3, 2021
Today’s mortgage and refinance rates Average mortgage rates fell again yesterday. And they’re getting close to their lowest point over the last 30 days. But, of course, they’re higher than […].
Realtor.com
NOVEMBER 3, 2021
Real estate experts argue over whether rising mortgage rates will keep home prices in check—or make it more expensive to purchase a home. The post Will Rising Mortgage Rates Make Homebuying More Expensive—or Less? appeared first on Real Estate News & Insights | realtor.com®.
Realty Biz
NOVEMBER 3, 2021
Finding the picture-perfect summer home requires a little bit of inspiration. You may find it nestled up in the mountains, or residing along a beach, sitting beside a lake, or perhaps cozied up in a quiet suburb in a neighborhood you love. All of these have the same thing in common: location! The location of your summer home is one of the biggest things that will make it perfect for you.
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Realtor.com
NOVEMBER 3, 2021
The Realtor.com data team found the places where buyers can score a home with lower down payments—and where they're going to have to put down much more. The post 10 Cities Where You’ll Need the Biggest Down Payment To Snag a Home—and 10 Where You Put Down the Least appeared first on Real Estate News & Insights | realtor.com®.
The Mortgage Report
NOVEMBER 3, 2021
High debt payments make it harder to get approved for your mortgage. But you can learn how to get a loan with a high debt-to-income ratio.
Notorious ROB
NOVEMBER 3, 2021
This content is behind fabulous velvet ropes for Notorious VIP Subscribers only. Please login or sign up. Thank you! -rsh Monthly Subscription $ 20 Monthly Subscribe Now Annual Subscription $ 200 Annually (Save $40) Subscribe Now. The post Zillow Q3/2021: Riddle Wrapped in a Mystery Inside an Enigma appeared first on NotoriousROB.
The Mortgage Report
NOVEMBER 3, 2021
Learn the key differences between second home mortgage rates and investment property mortgage rates in %%currentyear%%.
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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