Thu.Jul 13, 2023

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How Remote Work Expands Your Homebuying Horizons

Keeping Current Matters

Even as some companies transition back into the office, remote work remains a popular choice for many professionals.

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Non-QM lender NewFi launches correspondent lending channel

Housing Wire

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. Newfi is leading the way in terms of innovation and service for these originations,” Dan Bayer, SVP of non-QM development and strategy, said in a statement.

Lending 370
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Could manufactured homes be the next big thing in housing?

Real Estate News

Prefab homes don't have the sexiest reputation, but modern styles mimic traditional homes — and could make homeownership more attainable.

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Mortgage rates are close to 7%, and may remain so for several weeks longer

Housing Wire

Mortgage rates continued rising for the third consecutive week, increasing to 6.96%, the highest level since November 2022. The uptick in mortgage rates came amid positive inflation news – the consumer price index rate showed cooling prices in June, rising just 3.0% from a year ago, the smallest annual increase since March 2021. However, it is unlikely to be enough to prevent an additional rate hike at the next Federal Open Markets Committee meeting on July 25-26.

Mortgages 370
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The 2025 Real Estate Roadmap to Success

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.

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Mortgage rates surge even as inflation falls

Real Estate News

Mortgage rates jumped for the third week in a row and are hovering near 7%, but lower-than-expected inflation could mean the economy is normalizing.

Mortgages 246
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CoreLogic rolls out upgrade to its Discovery Platform

Housing Wire

CoreLogic , a provider of real estate data, analytics, and solutions, unveiled this week an upgrade to its CoreLogic Discovery Platform, offering users streamlined access to data-driven business analysis. The recent enhancement introduces pre-designed solutions tailored to assist mortgage lenders in transforming data into valuable insights. With this update, users can make faster decisions and achieve improved business outcomes, gaining immediate access to actionable insights. “Discovery P

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Kensington Land Services to pay $1M fine over alleged no-poaching agreements

Housing Wire

New York City-based title insurance agency Kensington Vanguard National Land Services, LLC. is the latest title firm to come under fire from New York Attorney General Letitia James for business practices that “reduce competition and negatively impact wages and opportunities for workers,” according to an announcement on Wednesday. An investigation by James’ office found that Kensington had entered into illegal no-poach agreements with several of its title underwriters, who also independently sell

Land 368
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Broker Spotlight: Michelle Richardson, LoKation Real Estate

Inman

Find out how this Florida broker learned that getting your license is the easiest part of the real estate business.

Brokerage 148
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Anaid Chacón joins Argyle as SVP of product

Housing Wire

Argyle , a rising player in the digital income and employment verification industry, announced the appointment of Anaid Chacón as its new senior vice president of product. Chacón brings with her over a decade of leadership experience in product management and technology to her new role. At her new company, her primary goal will be to optimize the utilization and adoption of Argyle’s products across various sectors, including mortgage, lending, banking, and background checks.

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In 5 months, homebuyers have lost $30K in purchasing power

Inman

It doesn't matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options.

Mortgages 148
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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AG Mortgage Investment Trust enters dispute over Western Asset Mortgage Capital

Housing Wire

AG Mortgage Investment Trust, Inc. entered into a dispute with Terra Property Trust, Inc. for Western Asset Mortgage Capital Corp., the company announced on Thursday. AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo Gordon & Co. and owner of mortgage lender ARC Home , made a stock-and-cash offer for its peer Western Asset, managed by Franklin Resources, Inc.

Mortgages 365
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New habitat laws have homeowners (and HOAs) buzzing

Inman

The power of the HOA may be over in some areas where personal preference and environmental concerns are ruling the day.

Staging 148
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2023 HW Vanguards: What makes an effective leader?

Housing Wire

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2023 HW Vanguards are open until, July 28, 2023. Click here to nominate someone from your organization, today. Each year, HousingWire’s prestigious Vanguard award recognizes the c-suite leaders in housing who are making an impact on the industry at large.

Lending 359
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Truework adds fraud protection to automated income verifications

Inman

Most borrowers who have granted their mortgage lenders permission to verify their income and employment won't have to confirm the request a second time with their employer's payroll provider.

Mortgages 148
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Rent growth is slowing, but it’s still near record-highs

Housing Wire

The U.S. rental market has been slowing for more than a year, but the median asking rent is still not far off record highs, according to a new report from Redfin. The median asking rent hit $2,029 in June, up from $1,995 in May, the listings platform and brokerage said Wednesday. The median asking rent was $2,019 in June 2022 and $2,053 in August 2022, which was recorded as the all-time high.

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How smart cities are poised to transform our lives for the better

Inman

Smart cities have the potential to fundamentally change our lives. This potential will only continue to develop and create a brighter future for all.

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Multifamily operating system Entrata to acquire Rent Dynamics

Housing Wire

Utah-based multifamily operating system provider Entrata announced on Thursday that it will acquire resident rent reporting and financial resources provider Rent Dynamics. The terms of the deal were not disclosed. Rent Dynamics’ product offering promotes economic inclusion and financial health for residents. Entrata’s acquisition includes 100% of the company’s equity, and the deal will make it possible “to provide residents with increased access to financial tools designed to impact their

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Entrata shores up tenant credit reporting with Rent Dynamics

Inman

Technology company Entrata, which builds an end-to-end business solution for the multifamily sector, has acquired industry colleague Rent Dynamics in an all-cash nine-figure deal, according to Entrata.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Rent growth is slowing, but prices are still near record-highs

Housing Wire

The U.S. rental market has been slowing for more than a year, but the median asking rent is still not far off record highs, according to a new report from Redfin. The median asking rent hit $2,029 in June, up from $1,995 in May, the listings platform and brokerage said Wednesday. The median asking rent was $2,019 in June 2022 and $2,053 in August 2022, which was recorded as the all-time high.

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US Bank, UWM join movement to boost minority lending

Inman

With Fannie and Freddie leading the charge, a growing number of lenders are using special purpose credit programs to boost homeownership in underserved communities.

Lending 148
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The Insider: Prospect Lefferts Gardens Unit Set Apart by Unusual Shapes, Colors, Materials

Brownstoner

Got a project to propose for The Insider? Contact Cara at caramia447 [at] gmail [dot] com The top floor of a two-unit limestone townhouse, home to a young family of three, badly needed reinvention. "It had a strange, maze-like floor plan," recalled architect Andrea Fisk of Shapeless Studio, which took on the task… Read More > The post The Insider: Prospect Lefferts Gardens Unit Set Apart by Unusual Shapes, Colors, Materials appeared first on Brownstoner.

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Demand for urban homes will be ‘muted’ for years: McKinsey

Inman

Consulting firm McKinsey & Company has found that pandemic-induced hybrid work is here to stay, for better or worse, ensuring permanent consequences for real estate agents in larger cities.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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Houses — One Modern, One Traditional — Planned for Clinton Hill Need Tweaking, Landmarks Says

Brownstoner

Two new single-family homes in differing styles set to rise on the corner of Clifton Place and Grand Avenue in Clinton Hill have largely got the support of the Landmarks Preservation Commission. Architect Nikolai Katz presented the plans for the two houses to go up on the same undeveloped corner lot… Read More > The post Houses — One Modern, One Traditional — Planned for Clinton Hill Need Tweaking, Landmarks Says appeared first on Brownstoner.

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Let’s help legacy property owners fight unfair development

Inman

There's a desperate need for more housing inventory in the country, but Dr. Lee Davenport points out that developers must still follow the rules and respect the rights of others.

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The Most and Least Expensive Housing Markets

RIS Media

It’s no secret the current state of the market has made homebuying a real challenge for most. High prices, high mortgage rates, and low supply have put a lot of strain on potential buyers. With these challenges, where should homebuyers look to buy, and where should they avoid? SmartAsset’s new report examined housing price growth… The post The Most and Least Expensive Housing Markets appeared first on RISMedia.

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The Secret Way to Save 50% on Your Electricity Bill (EVERY Month!)

Bigger Pockets

Want to cut your electric bill in HALF? A few secret yet simple hacks can save you hundreds, if not THOUSANDS, on your utility bills.

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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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6 Social Media Tips for Luxury Real Estate Professionals

RIS Media

There is no disputing the fact that we live in a fast-paced, ever-changing digital world today. Whether you love it or hate it, you cannot escape it. Equally important is acknowledging, as has been repeatedly noted, that a picture can be worth a thousand words. Translated to today’s language, it means that showing is better… The post 6 Social Media Tips for Luxury Real Estate Professionals appeared first on RISMedia.

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Clinton Hill Brownstone Apartment With Two Bathrooms Asks $4,250 a Month

Brownstoner

This duplex for rent on the top two floors of a Clinton Hill brownstone has quite a bit to recommend it, including vintage charm, a bathroom on each floor, and plenty of space. If there's a drawback, apart from the climb on the stairs, it might be that the top… Read More > The post Clinton Hill Brownstone Apartment With Two Bathrooms Asks $4,250 a Month appeared first on Brownstoner.

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Former Keller Williams CEO Returns to Company After Legal Drama Ends

RIS Media

Amid recent headlines of high-profile retirements and leadership shake-ups in the industry, Keller Williams is welcoming one of its former leaders back into the fold—albeit in a new capacity—and laying a previous legal conflict that spawned over a year ago to rest. Keller Williams, the Texas-based real estate franchisor and world’s largest residential real estate… The post Former Keller Williams CEO Returns to Company After Legal Drama Ends appeared first on RISMedia.

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Daily Links: Brooklyn Library Covered in Jay-Z Lyrics for Rumored Exhibition on Bed Stuy Rapper

Brownstoner

In the News Almost $80 Billion Needed for Repairs to New York City’s Public Housing [NYT] New Storm Sewer System in Gowanus Set to Reduce Street Flooding [Eagle] Carroll Gardens Library to Close for Two Years for Renovations [Eagle] Nine Artists to Transform Steel Barriers at Brooklyn Bridge Park [BP] New 33,000-Square-Foot Lidl Coming to… Read More > The post Daily Links: Brooklyn Library Covered in Jay-Z Lyrics for Rumored Exhibition on Bed Stuy Rapper appeared first on Brownstoner.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.