Fri.Feb 18, 2022

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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% from the prior month to a seasonally adjusted annual rate of 6.5 million. January sales fell 2.3% from a year earlier, though the median existing-home price rose 15.4% annually to $350,000, according to the Friday report from the National Association of Realtors.

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Closing Costs and Closing Cost Credits Explained

Maximum Exposure Real Estate

How Do Closing Cost Credits Work In real estate, there are specific terms you should understand well. Two such terms are closing costs and closing cost credits. If you are selling a home, there is a good chance that you will encounter a buyer that requests you to pay part of their closing costs. It’s […]. The post Closing Costs and Closing Cost Credits Explained appeared first on Maximum Real Estate Exposure.

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Redfin losses soar amid iBuying ramp up

Housing Wire

You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to? A company that posted a $110 million dollar loss in 2021, a sextuple leap from the $19 million lost in 2020.

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Crown Heights Family Fights Eviction From Their Brownstone Home of Over 70 Years

Brownstoner

Three generations of the Robinson-Torain family have called a brownstone in Crown Heights their home for more than 70 years. They may not be there much longer. The family is enduring a third forced eviction attempt from the real estate company that now owns the brownstone, Mandy Management. The family had… Read More > The post Crown Heights Family Fights Eviction From Their Brownstone Home of Over 70 Years appeared first on Brownstoner.

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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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Can the good times continue at Realogy?

Housing Wire

Realogy CEO Ryan Schneider. The record climb in home sales and staggering increase in home price has not necessarily translated into success for the biggest U.S. residential real estate companies. Zillow , Compass , and Redfin each posted nine-figure losses in 2021. However, at least one significant player did capitalize on housing’s banner year. Brokerage and franchise conglomerate Realogy reported its yearly financials Thursday, and the Madison, New Jersey-headquartered company tallied $343 mi

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What AVMs can and can’t do in the appraisal process

Housing Wire

Fannie Mae recently announced that it will begin to “include a desktop appraisal option in Desktop Underwriter beginning March 19, 2022. According to Fannie Mae, “Desktop appraisals are disclosed as “Appraisal” as the property value is obtained through an appraisal that was completed by a licensed or certified appraiser. Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform des

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Construction Marketing: Valuable Advice to Get More Clients in Construction

Realty Biz

Construction is a competitive industry. With the number of qualified contractors constantly growing, marketing is one of the essential tools for any construction business to operate at its full potential. Luckily, in this modern era, you have countless channels at your disposal. So even if you’re doing marketing in-house, there are endless tactics — including free ones — to fine-tune your marketing approach.

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Member Spotlight: John Brenan

Housing Wire

This week’s HW+ member spotlight features John Brenan, vice president of Valuation Policy and chief appraiser at Clear Capital. Brenan has more than four decades of experience in the appraisal industry, previously serving in leadership roles at The Appraisal Foundation and the State of California Bureau of Real Estate Appraisers. At Clear Capital, Brenan oversees the quality of the company’s appraisal and valuation products and implements changes to continually evolve the program. .

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A Dobbs Ferry Stone Cottage With Hudson River Views, Yours for $1.649 Million

Brownstoner

Its location along the Hudson River, appealing stone facade and an interior filled with details make this Dobbs Ferry, N.Y., house attractive on its own, and a connection with a determined woman who pursued a medical degree in the 19th century adds an intriguing layer of history. The home on… Read More > The post A Dobbs Ferry Stone Cottage With Hudson River Views, Yours for $1.649 Million appeared first on Brownstoner.

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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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Title insurer Doma forecasts profitability in 2023

Housing Wire

The stock price of Doma Holdings was down 29% on Friday afternoon after the title insurance company posted a $43.7 million GAAP loss in the fourth quarter, and a $113 million loss for the full year in 2021. In its earnings report on Thursday, the San Francisco-based firm said it notched $138 million in revenue in the fourth quarter, up 17% year over year, and retained premiums and fees of $66 million, up 24% over the fourth quarter of 2020.

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Existing Home Sales Rebound Amid Record-Low Inventory and Higher Prices

Eye on Housing

Despite record-low inventory and higher prices, existing home sales jumped in January as buyers expected further rate increases and locked in current low rates, according to the National Association of Realtors (NAR). However, investors with all-cash offers were squeezing out first-time and young homebuyers. More supply especially at lower-end market is needed in order to improve housing affordability.

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Realogy Ascends, Compass Flops in Q4 2021 Earnings

RIS Media

Two real estate behemoths are trending in opposite directions after reporting Q4 2021 earnings yesterday, as Realogy (RLGY) saw its stock spike on the strength of earnings that beat estimates, with revenue up 4.2% over Q4 2020, reaching $1.97 billion. At the same time, Compass (COMP) saw its value dip in response to the company missing on revenue and reporting $175 million in net losses.

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Mortgage and refinance rates today, Feb. 18, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates just inched lower yesterday. That was a surprise because they’d looked set to head much lower. But any day this month when […].

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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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Redfin Beats Revenue, Projects iBuying, Rental Growth

RIS Media

Redfin stock plummeted in after-hours trading even though the real estate behemoth beat projections for revenue in its Q4 earnings report, taking in $643.1 million, though the company reported a decrease in its real estate services gross profit and gross margin year-over-year. It also projected a total net loss of $112 million to $115 million in Q1 of 2022 after losing $109.6 million last quarter.

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Luxury Real Estate Headlines: Final Week of February 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Big Sur, California | Jeannie Ford, Sierra Sotheby’s International Realty. Surrounded by towering redwoods and built into the rugged cliffs of Big Sur, California, the personal home of the late and influential architect Mickey Muennig, the man “who built Big Sur,” hit the market Tuesday for $6.95 million.

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Generational Divide: Experts Break Down the Gen Z Buyer Mentality

RIS Media

Millennials have been a significant focal point for agents in recent years, accounting for the largest cohort of buyers in the market currently. However, preparing for the next generation of potential clients never hurts. Generation Z is next in line to impact the buyer market in a significant way according to several industry reports. The group of digital natives already account for 2% of buyers, according to the National Association of REALTORS® , and could make up a significant portion of the

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Daily Links: Auction of Manafort’s Carroll Gardens Brownstone Fails to Bring a Winning Bid

Brownstoner

In the News Manafort's Carroll Gardens Brownstoner Has No Takers at $4.75 Million [Eagle] Radio Superstar Angela Yee Opens Coffee Shop in Bed Stuy [NYDN] Nitehawk Shorts Festival Returns to Brooklyn in March [BP] After 10 Months, Teamsters Still on Strike at Brooklyn Oil Terminal [Indy] Jack's Wife Freda Opens Newest Location in Williamsburg [Greenpointers] NYC… Read More > The post Daily Links: Auction of Manafort’s Carroll Gardens Brownstone Fails to Bring a Winning Bid appeare

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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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9 Staging Tips To Sell Your Property Quickly

Realty Biz

Staging refers to a method of property preparation for sale on the real estate market. Staging is a good way of showcasing a property’s best assets, impressing the buyers, and selling it faster for the highest possible price. No homeowner wants to settle for more extended marketing periods or lower selling prices when selling a home. Proper home staging allows you to show off the property’s best features.

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A Prospect Heights Italianate Brownstone and Two More to See, Starting at $1.595 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Prospect Heights and Bed Stuy. They range in price from $1.595 million to $4 million. A circa 1870 Italianate in the Prospect Heights Historic District has carved marble mantels, tall arched doors, wainscoting, shutters and wood floors. The… Read More > The post A Prospect Heights Italianate Brownstone and Two More to See, Starting at $1.595 Million appeared first on Brownstoner.

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10% of All U.S. Homes Impacted by Natural Disasters Last Year

RIS Media

Natural disasters impacted more than 14.5 million homes last year, causing an estimated $56.92 billion dollars in damages across the country, according to CoreLogic’s recently released 2021 Climate Change Catastrophe Report. Put another way, that’s one in 10 homes in the U.S. that were impacted by the largest natural catastrophic events of last year.

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Housing Affordability Task Force Report: My Two Cents (Pt3)

Toronto Realty Blog

TorontoRealtyBlog. A friend of mine sent me a text on Thursday: “Awesome blogs this week dude!” I wrote him back and said, “Well, only a couple of comments on Wednesday’s blog, so maybe it’s not all that enthralling?” He wrote back: “What else is there to say?: Good point, I suppose. And if I’m trying to take that as a compliment, he means that I’ve already said it all.

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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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Blooming Boom – Invite Spring Into Your Home

Realty Biz

When days get longer and the sun gains strength, we long for spring. Spring puts an end to the eternal gray that makes us feel so tired and dull. The first lilies-of-the-valley are sticking out their heads, colorful crocuses appear along the way – we can almost smell springtime. And with these flowery decoration ideas, you can also invite the spring into your home.

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20 Ideas to Get Your Name Out There as an Appraiser

McKissock

Are you just getting started as a new appraiser? Or perhaps you’re looking to expand your current client list? According to our most recent Appraisal Income Guide, appraisers who excel at obtaining new clients and soliciting business earn over $47,000 more per year than appraisers who fail in this area. Here are twenty ideas you can use to get your name out there and grow your network as you work to launch, maintain, and grow your appraisal business.

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Real estate vet Erminio Grasso named CEO of MLS PIN

Real Trends

MLS Property Information Network (MLS PIN), New England’s largest multiple listing service, named Ernimio Grasso as its new CEO. Grasso will replace retiring President and CEO Kathy Condon of Osterville, Mass., who has been in the real estate industry for 44 years and grew MLS PIN into an industry leader during her 23-year tenure. Grasso comes to MLS PIN with over 18 years at Coldwell Banker Realty.

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Notorious POD, Ep 40: Musings – Onlyfans, Canada’s Crypto Ban and Decentralization

Notorious ROB

Musings is a solo version of the Notorious POD in which I think out loud about issues in the economy, technology, and real estate industry. Cryptocurrency and blockchain technology both are fundamentally driven by the desire for decentralization. In this Musings, I explain why I believe that 2022 may be a turning point in crypto adoption. Repression doesn’t eliminate demand; it just leads to more decentralization.

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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.