Tue.Jan 04, 2022

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Avoid the Rental Trap in 2022

Keeping Current Matters

Are you one of the many renters thinking about where you’ll live the next time your lease is up?

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What’s holding the industry back from broad-scale digital closing adoption?

Housing Wire

For well over a decade, the industry has made steady progress in digitizing mortgage closings. As a result, closings today fall on a spectrum of digitization, with benefits that increase with each component that is digitized and each document that is electronically signed (eSigned). On one end are traditional wet-ink signed closings, where all documents are signed in ink.

Closing 436
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Renting a House Is Getting Way More Expensive. Is It Time to Buy?

Lighter Side of Real Estate

Prices for everything have been going up—from food, to gas, to services, and people are getting less for the dollar. Rents are no exception. After an unprecedented period of time where renters could more or less just cite COVID as a reason to not pay rent, the moratoriums on evictions are gone and rents are roaring higher—particularly with single-family rental houses.

Mortgages 145
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Offerpad lands $600M more in credit to power iBuying

Housing Wire

As Zillow tries to swiftly disentangle itself from iBuying, a one-time competitor may borrow over $600 million more to radically increase its instant home-buying purchases. Offerpad , a Chandler, Arizona-based iBuyer, snared $500 million in a revolving credit facility from an unnamed lender, according to a Dec. 20 Securities and Exchange Commission filing.

Land 424
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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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Inside an Inspiring Oceanfront Contemporary in Malibu

Sotheby's International Real Estate

Familiarly known as the Queen’s Necklace, the sparkling jewel-like lights that ring the Santa Monica Bay make up much of the sweeping vistas enjoyed from this dazzling contemporary home perched above highly desirable Amarillo Beach. Malibu, California | Shen Schulz, Sotheby’s International Realty – Malibu Brokerage. Newly custom-built, the 5,085-square-foot modern masterwork boasts a breezy, effortless flow throughout.

Brokerage 136
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loanDepot brings Ginnie Mae loan servicing in-house

Housing Wire

loanDepot announced this week that it will begin servicing Ginnie Mae loans in-house, following a 2021 decision to do the same for Fannie Mae and Freddie Mac -backed loans. The top-ranked nonbank lender said in a press release that servicing Ginnie Mae loans “carries great significance” because the agency is the primary guarantor of securities containing Federal Housing Administration , Department of Veterans’ Affairs , and United States Department of Agriculture loans.

Loans 391

More Trending

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UWM is bullish on the resurgent private-label market

Housing Wire

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 million. That was the start for the nonbank lender, which dominates the nation’s wholesale mortgage lending sector with an estimated 33.5% share of the market as of 2020, according to Kroll Bond Rating Agency (KBRA), which reviewed all

Marketing 307
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What Hurts a Home Appraisal? 16 Factors That Can Bring the Value Down

HomeLight

Your scheduled home appraisal is nearing, and no matter the circumstances, it’s always an intimidating event. Whether you plan to buy, sell, or refinance your home, an appraiser’s opinion holds a lot of weight. What hurts a home appraisal and is there anything you can do about it? The lender will be looking for an appraised value to determine what they’re willing to lend on a property.

VA loan 127
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Ask Brian: How Risky is it to Cosign a Mortgage Loan?

Realty Biz

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Calvin in FL: Hello Brian, I’m 27 and have wanted to buy my first home ever since I finished college. But I’m heavily saddled with student loans to the tune of $425 per month.

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No, Most Canadians Are NOT Living In Fear of Higher Mortgage Rates

Better Dwelling

Canadians are buying into the narrative that higher mortgage rates will wreck half of households. A survey making the rounds saying exactly that doesn’t help, but the narrative existed before the survey. Fortunately, this isn’t true. How can we be sure? Well, let’s start with less than a third of households have a mortgage. Less […].

Mortgages 113
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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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My Home Was Staged for Sale—and It Horrified Me. Here’s Why

Realtor.com

Getty Images When we were selling our home a few years ago, our real estate agent strongly recommended that we have our home staged. Having heard that home staging could help us sell quickly and for top dollar, we decided to give it a try. And the results? Just—wow. And not entirely in a good way. Staging, my husband and I were told, involved having a designer come to our home and rework our space so that it would appeal to homebuyers.

Staging 113
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Strong Year-over-Year Gains for Construction Job Openings

Eye on Housing

The construction labor market remains tight, as the levels of quits rise. The count of open construction jobs declined to 345,000 unfilled positions in November, after recording the highest measure in the history of the data series (going back to late 2000), 445,000 in October. The housing market remains underbuilt and requires additional labor, lots and lumber and building materials.

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Renting a House Is Getting Way More Expensive. Is It Time to Buy?

Lighter Side of Real Estate

Prices for everything have been going up—from food, to gas, to services, and people are getting less for the dollar. Rents are no exception. After an unprecedented period of time where renters could more or less just cite COVID as a reason to not pay rent, the moratoriums on evictions are gone and rents are roaring higher—particularly with single-family rental houses.

Mortgages 112
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Tuesday Tidbits

BubbleInfo

Housing bulls on Wall Street argue that this is an upturn that could last for a decade. Millions of millennials are now at a point in their lives when they are seeking single-family homes in the suburbs and exurbs. They are in good shape too. Almost 70 percent of homebuyers who took out new mortgages in […].

Mortgages 105
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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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Eva Longoria’s Former Hollywood Home is Back on the Market Asking $3.85 Million

Fancy Pants Homes

A 6-bedroom home with a star-studded past has recently hit the market. The Hollywood Hills stunner was previously home to Eva Longoria, who lived here for over a decade. The actress, most famously known for her portrayal of Gabrielle Solis in the hit TV series Desperate Housewives , purchased the property soon after the house was completed in 2006. She then held on to it until 2018, when she sold it for $3.164 million , taking a $400k loss on the home she bought for $3.6 million at the height of

Marketing 105
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Is now a good time to buy a home with interest rates rising?

The Mortgage Report

With mortgage rates projected to rise throughout 2022, prospective home buyers should act fast — even with historic home price growth.

Mortgages 119
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Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

HomeLight

It wasn’t long ago that the decision to sell your house for cash was associated with a neglected or foreclosed property whose value had plummeted, as an investor swooped in to snatch it up for a bargain. While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has i

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Is This ‘Home Town’ Design by Ben and Erin Napier Cool or Ridiculous?

Realtor.com

HGTV Ben and Erin Napier of “Home Town” are well-known for their charming renovations, but on the latest episode, they take a walk on the wild side, with a renovation that seems light years beyond their usual style. In the episode “Bones and Bugs,” Erin and Ben meet with Jon and Ramon , a couple moving from Jersey City, NJ, to Laurel, MS, for more space and some small-town charm.

Design 98
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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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BETTER HOMES AND GARDENS® REAL ESTATE EXPANDS ARIZONA PRESENCE WITH AFFILIATION OF FORMER REAL LIVING S.J. FOWLER REAL ESTATE

Realty Biz

Better Homes and Gardens Real Estate LLC announced today the affiliation of Better Homes and Gardens Real Estate S.J. Fowler based in the Phoenix-Mesa-Scottsdale metropolitan area. The firm is led by Steven J. Fowler, a military veteran. After leaving the military, he started a career in real estate sales, opening his own brokerage in 1993. With nearly 90 agents and two offices, the company specializes in residential and commercial sales, as well as property management.

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Palm Beach Polo Season

Waterfront Properties

The Palm Beach International Polo, Palm Beach Season started the first Sunday in January 2022 and last until mid-April 2022. Thousands of equestrians and Polo lovers flock to Palm Beach County’s Wellington every year to see some of the best Polo matches in the world. Wellington is known as the Equestrian Capital of the world and the most popular destination for the Equestrian lifestyle.

Design 98
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Fundible offers guaranteed financing before purchase offer is written

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Fundible offers guaranteed financing before purchase offer is written. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. A new company is offering homebuyers 100-per-cent guaranteed financing before they write their purchase offer.

Finance 95
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Sundays at Harbourside

Waterfront Properties

Jupiter’s Harbourside Place hosts two special events every Sunday. Located on the Intracoastal Waterway, Harbourside Place is the premier destination for dining, shopping, hotel accommodations, entertainment, and luxury. Stroll through the streets of Harbourside Place and along the Riverwalk and shop the Waterfront Market or take part in morning meditation with yoga.

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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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Delve Into Brooklyn Jewish Family Roots With the Center for Brooklyn History

Brownstoner

If your family history includes roots in Jewish Brooklyn but you aren't sure where to start digging for more information, a virtual genealogy workshop can point you in the right direction. The Center for Brooklyn History and the Center for Jewish History are coming together to provide an overview on exploring… Read More > The post Delve Into Brooklyn Jewish Family Roots With the Center for Brooklyn History appeared first on Brownstoner.

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How to Upgrade Your Appraisal License

McKissock

You know there are good reasons to upgrade your appraisal license —including making more money —but you might be unsure of how to go about it. Depending on your state and the license level you wish to attain, the exact steps for how to upgrade your appraisal license will vary slightly. However, these are the general guidelines you’ll need to follow to meet the Appraisal Qualifications Board (AQB) criteria.

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Mortgage and refinance rates today, Jan. 4, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose yesterday. It wasn’t a big jump. But it was enough to take them to a nine-month high, according to Mortgage News […].

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Can I Switch Real Estate Agents After I Make an Offer on a Home?

Realtor.com

Getty Images If you’re reading this, you’re probably in a bit of pickle. Maybe you—and not your real estate agent—found your dream home in an online listing. And in this hot real estate market, you asked your agent to make the offer for you. But perhaps the relationship with your agent isn’t gelling—whether it’s due to a lack of confidence, unanswered texts, or a personality clash.

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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.

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Brooklyn Heights One-Bedroom With Mantel, Stained Glass, Stylish Kitchen Asks $825K

Brownstoner

Perched near the Brooklyn Heights Promenade in an historic building in the landmark district, this compact and smartly updated one-bedroom could make cozy digs for one person or a luxurious pied-à-terre for two. The asking price is not insignificant, although the monthly maintenance is relatively low at $654. Built in 1889… Read More > The post Brooklyn Heights One-Bedroom With Mantel, Stained Glass, Stylish Kitchen Asks $825K appeared first on Brownstoner.

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Behind the Scenes on ‘Million Dollar Listing Los Angeles’: 8 Shockers You Don’t See on Reality TV

Realtor.com

The Agency Reality TV is often filled with shows about sharply dressed real estate agents cruising around swanky neighborhoods, wheeling and dealing with wealthy homebuyers and sellers. But have you ever wondered how much of what you see on TV is for real? To get to the bottom of this question, I spent the day with two guys who could set the record straight: David Parnes and James Harris , the convivial stars of Bravo’s “Million Dollar Listing Los Angeles.” On this series, now

Staging 87
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Daily Links: Coney Island ‘Mayor’ Heads Back to Negotiating Table After Ouster

Brownstoner

In the News Omicron Is Overwhelming New York’s Quarantine Hotel System [NYT] His Job? Clearing New York’s Shorelines of Abandoned Boats [NYT] Brooklyn Man Says City Denied Him Permit for ‘Other’ Lives Matter Mural [NYP] Brooklyn’s St. James Cathedral Basilica Marks 200th Anniversary [Eagle] Coney 'Mayor' Dick Zigun Back at Negotiating Table [BP]. Diversifying the… Read More > The post Daily Links: Coney Island ‘Mayor’ Heads Back to Negotiating Table After Ouster appeared fi

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Why ‘Golden Girl’ Betty White Longed To Return to Her Carmel, CA, Home

Realtor.com

Getty Images / Google Maps Hollywood legend Betty White spent her final years longing to return to the Carmel, CA, home that she built with her husband, according to recent reports. The renowned actress, who began her TV career in 1939, died on Friday. White, well-known for playing Rose in the popular 1980s sitcom “The Golden Girls,” would have turned 100 on Jan. 17.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.