Housing Wire

AUGUST 5, 2020

Last week, we published a story about United Wholesale Mortgage (UWM) offering 15-year fixed mortgage rates as low as 1.875% for purchases and refinances. The article drew mixed reactions, with some calling the announcement a “nice PR move” that doesn’t factor in the broker’s compensation and other issues. Others just wanted more details. For the sake of transparency, we wanted to report that UWM is not the only lender offering rates below 2%.

Mortgages 525

Mortgages Loan Officer Lending Loans 525

Keeping Current Matters

AUGUST 5, 2020

We’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year. Today’s homeowners are, on average, staying in their homes longer than they used to, and this is one factor driving increased homeowner equity. When equity grows, selling a house becomes increasingly desirable. Here’s a breakdown of why it’s a great time to capitalize on equity gain in today’s market.

Equity 268

Equity Sales As-is Mortgages 268

Housing Wire

AUGUST 5, 2020

The Federal Reserve is considering abandoning its longtime strategy of using its benchmark rate to pre-emptively prevent inflation from rising above its 2% target. That could be the death knell for rock-bottom mortgage rates. Fed Chairman Jerome Powell said at a news conference last week that the central bank was close to wrapping up a review of its policy-making strategy that began in 2019.

Mortgages 508

Mortgages Bankruptcy Investor Banks 508

Lighter Side of Real Estate

AUGUST 5, 2020

Homeownership is one of the central tenets of contemporary life. Most of us dream of a familiar, comfortable place to call our own, and buying a home is a rite of passage into adulthood, and into our own piece of the American Dream. But until and unless you’ve been through the process at least once, there are plenty of mistakes many people make on their journey to property ownership.

Pre-approval 145

Pre-approval Debt-to-income ratio Title search Finance 145

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Housing Wire

AUGUST 5, 2020

eXp World Holdings , the parent company of eXp Realty , said its profit soared to a record in the second quarter as the dollar-volume of transactions rose 26% from a year earlier to $13 billion. The company reported net income of $8.3 million in the three months ended in June, compared with a loss of $2.2 million in the year-earlier quarter, according to a statement on Wednesday.

Brokerage 450

Brokerage Technology Commercial Title 450

Brownstoner

AUGUST 5, 2020

Editor’s note: Welcome to the 79th installment of Brownstone Boys Reno, a reader renovation diary about renovating a brownstone in Bed Stuy. See the first one here. They also blog at www.thebrownstoneboys.com. One thing is for certain in an unrenovated historic Brooklyn home, it's leaky. And we're not talking about the… Read More > The post Brownstone Boys: How Green Can You Go?

Renovation 138

Renovation 138

Realtor.com

AUGUST 5, 2020

Sportstock/Getty Images With most of us cooped up in our apartments or houses, it may be tempting to pull the trigger and finally purchase the vacation home you’ve always dreamed about. After all, mortgage rates are hitting record lows , and a change of scenery sounds awfully sweet right about now. If you can swing it, why not? Reality check: We’re also living through a time of economic uncertainty.

Due diligence 125

Due diligence Mortgages Loans Renovation 125

Housing Wire

AUGUST 5, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Stay tuned for updates. Rocket Companies , parent company of Quicken Loans , is expected to price its initial public offering (IPO) at a significantly lower price than originally anticipated, according to multiple reports.

Loans 396

Loans Branding Investor Banks 396

Better Dwelling

AUGUST 5, 2020

Canadian real estate markets are seeing mortgage delinquencies fall… just not in Toronto or Vancouver. Equifax data crunched by the CMHC shows the national rate of delinquencies fell in Q1 2020. Breaking down the numbers, this trend is stronger in some real estate markets than others. Montreal for instance, is seeing their delinquency rates drop […].

Mortgages 122

Mortgages Marketing 122

Housing Wire

AUGUST 5, 2020

The National Association of Mortgage Brokers has been advocating for mortgage brokers for almost 50 years. HousingWire spoke with NAMB President Rocke Andrews and Roy DeLoach, NAMB’s lobbyist in Washington, D.C., about the organization’s past and current legislative efforts. HousingWire: NAMB has been around since 1973. Can you tell us a bit about the history?

Lending 370

Lending Loans Development Mortgages 370

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

The American Genius for Real Estate

AUGUST 5, 2020

(REAL ESTATE TECHNOLOGY) In an era of offensively inefficient video communications, Grapevine appears to be a breath of fresh air. The post Grapevine is the new Snapchat for work and team meetings appeared first on The American Genius Real Estate.

Technology 116

Technology 116

Housing Wire

AUGUST 5, 2020

According to an analysis by FundingShield , increases in CPL and agent validation errors with title insurers rose by 530% in the second quarter of 2020 compared to the first. Fraud and risk exposures in CPL errors and issues rose 50%, and there was a 135% increase in state licensing issues. Data inconsistencies and data mismatches are the first way many kinds of fraud manifests itself , said Adam Chaudhary, president of FundingShield.

Title 291

Title Closing Agents Loans 291

Brownstoner

AUGUST 5, 2020

Brownstoner and Schneps Media are hiring a full-time salesperson to sell across New York City’s leading digital media outlets. The ideal candidate will be passionate about marketing and sales, super persistent, and have New York City real estate and home services industry experience and knowledge. The rep will work closely with… Read More > The post Help Wanted: Brownstoner’s Digital Sales Team Is Growing!

Sales 111

Sales Industrial Closing Marketing 111

Housing Wire

AUGUST 5, 2020

Note: This is part four of a five-part series. Over the following weeks, Todd Duncan, sales entrepreneur and New York Times best-selling author, will showcase principles for mortgage and real estate professionals to embrace for success. Find more advice in his first , second and third pieces. It was a particularly difficult discussion. My youngest son, Matt, just eight-years-old at the time, finished his guitar lesson.

Loans 281

Loans Finance Mortgages As-is 281

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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.

Sales

Inside Real Estate

AUGUST 5, 2020

DRAPER, UTAH, August 5th, 2020 Inside Real Estate, one of the fastest growing independently-owned real estate software companies and […]. The post Inside Real Estate Doubles Down on Innovation with New Investment appeared first on Inside Real Estate | Lead Generation + Websites + CRM + Reporting + Powerful Performance.

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111

Realtor.com

AUGUST 5, 2020

realtor.com, Brian Bahr/Getty Images Former NBA All-Star Richard Hamilton is playing the real estate game. Hamilton has listed his Sea Ranch Lakes, FL , mansion for $8.9 million. Located in a guard-gated community just outside the Fort Lauderdale area, the Intracoastal estate is set on a double lot. Outside, you’ll find 171 feet of water frontage, plus a cement dock with two lifts.

As-is 110

As-is 110

Waterfront Properties

AUGUST 5, 2020

Back to School shopping has begun and this weekend only, the state of Florida is having a Sales Tax Holiday for Back To School clothes and supplies. For this weekend only, Friday, August 7th through Sunday, August 9th, qualifying items will be exempt from sales tax in the state of Florida. These items include: School supplies selling for $15 dollars or less per item Clothing, footwear, and certain accessories for $60 dollars or less per item The first $1,000 of the sales price for personal compu

Sales 109

Sales 109

Realtor.com

AUGUST 5, 2020

realtor.com A home built as a prototype for a new style of dome home can be yours for $919,000. The three-bedroom, two-bathroom home on Canaan Road in New Paltz, NY , is a curvy delight. “When you see the house, it looks like the top cap of a mushroom,” says its owner, Angelo Baccellieri. “It’s really very sunny inside, with a bright interior.”. There are no corners in the 2,300-square-foot home.

Closing 109

Closing As-is Agents Sales 109

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

AUGUST 5, 2020

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

Mortgages 107

Mortgages Marketing 107

Brownstoner

AUGUST 5, 2020

Another week, another look back at four of our featured listings from six months ago, focusing on homes in Sunset Park, Crown Heights and Fort Greene. How did they fare? An attractive apartment in a 1912 Finnish cooperative a block away from Sunset Park nicely balances preserved woodwork with modern improvements.… Read More > The post Brooklyn Real Estate Six Months Later: One Sold, Three off the Market appeared first on Brownstoner.

Marketing 105

Marketing 105

BubbleInfo

AUGUST 5, 2020

Because baby boomers tend to own in the best locations (they got there first), we should have an extended frenzy, and maybe an occasional glut of older and dated 2-story homes in some areas: Nearly a third (31%) of home sellers are “extremely anxious” about selling their home in 2020. The percentage of sellers in each age […]. The post Frenzy to Continue appeared first on bubbleinfo.com.

Marketing 105

Marketing 105

Waterfront Properties

AUGUST 5, 2020

Whether your outdoor space is an oceanfront balcony or a sprawling yard on the intracoastal, dining outdoors is a favored ritual in Florida year-round. The goal is to create an outdoor eating area thats both comfortable and stylish, and a gorgeous waterfront view definitely doesn’t hurt Here are a few backyard dining spaces we love.

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105

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

Realtor.com

AUGUST 5, 2020

HGTV Drew and Jonathan Scott of “Property Brothers” are known for their gorgeous home renovations on their many HGTV series, from the original show to “Brother vs. Brother” and beyond. But what do their own homes look like? In case you’re wondering how Jonathan and Drew decorate their personal spaces, here’s a gander at the features they deemed important enough to add.

Renovation 105

Renovation Design As-is 105

Point2Homes

AUGUST 5, 2020

Image: igorstevanovic / Shutterstock.com. Home renovations are exciting when you’re dreaming about the finished result, but can be a little stressful as the walls come tumbling down. Even small tasks like putting shelves up are messy at best, and can soon become a nightmare if you drill into a pipe or cable. While a little mess can’t be helped, bigger problems can easily be avoided when you have a few tricks up your sleeve.

Renovation 104

Renovation Staging As-is Design 104

Brownstoner

AUGUST 5, 2020

In the News 2.5 Million Lose Power and One Is Killed as Isaias Batters NY Area [NYT] The Mayor Blames the Virus for Shootings. Here’s What Crime Data Shows [NYT] NYC Health Commissioner Resigns After Clashes With Mayor Over Virus [NYT] Adam Max, Patron of Brooklyn Cultural Institutions, Dies at 62 [NYT] What Happens If… Read More > The post Daily Links: Brooklynites Lose Power During Tropical Storm, Health Commissioner Resigns appeared first on Brownstoner.

As-is 102

As-is 102

RIS Media

AUGUST 5, 2020

Your past clients and sphere truly are your most important area of lead generation and focus. Your plan should include how you will market to them, how often you will call them and what will you say when you call. You will also want to set a budget and timelines for your touches and expect that you will need to make at least 30-60 touches a year to stay top of mind.

Development 98

Development Agents Residential Design 98

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Agents

First Team Real Estate

AUGUST 5, 2020

Last month we talked about bidding wars and strategies for homebuyers on how to stand out in the crowd. With low inventory in Southern California and overwhelming buyer demand , more and more home sales are attracting bidding wars in our current seller’s market. In fact, according to a recent study from Redfin , more than half of their offers for homes faced competition in June for the second month in a row.

Finance 98

Finance Closing Loans Agents 98

RIS Media

AUGUST 5, 2020

During the COVID-19 pandemic, which has struck the California real estate market, we as a community and industry have seen and experienced ever-changing policies, protocols and guidelines. From virtual tours and open houses, masked and gloved home inspections, and sanitation precautions to new contract advisories, the ways properties are being bought and sold may look different, but the processes still remain an essential part of the American way of life.

Brokerage 98

Brokerage Inspection Agents Industrial 98

Realtor.com

AUGUST 5, 2020

picture alliance/Contributor/Getty Images. Tyler McSparin and his wife were quietly enduring the pandemic in their Kansas City, Mo., home when they heard some hammering coming from their neighbor’s yard. “I thought they were doing some landscaping,” he says. “The next thing we knew, there was a giant above-ground pool.”. He shared a photo on Twitter in early July, fearing a repeat of the final scene in the film “Bad Boys 2,” in which the walls of a pool abruptly give way, unleashing a tsunami.

Closing 96

Closing As-is Development Industrial 96

RIS Media

AUGUST 5, 2020

(TNS)—Perhaps you’ve made loaves of delicious challah or sourdough bread during the coronavirus lockdown or picked up crispy baguettes from your favorite bakery. White bread is so amazingly good when it’s fresh from the oven; sadly, it goes stale very quickly. Of course, leftover bread can be ground into crumbs or torn into crunchy croutons (I keep crumbs and croutons in my freezer to top macaroni and cheese or to add to salads), but there are many more creative and enjoyable ways to

As-is 97

As-is 97

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