Housing Wire

JULY 29, 2022

Fast-rising home prices and interest rates coupled with a slipping economy helped to cool the nation’s housing market in June leading to a nearly 2% increase in the number of homes on the market. That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. The home-inventory bump dovetails with other data indicating the nation’s housing market lost some steam this past month, according to a June housing-market report from Seattle-based Redfin.

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Keeping Current Matters

JULY 29, 2022

Some Highlights. The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home. Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes selling above asking price.

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Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. Table 1, below, reports the 10 hottest U.S. metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market.

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HomeLight

JULY 29, 2022

Outdoor spaces, such as patios, have become increasingly attractive to buyers, thanks in part to the rise of more flexible and remote work. In fact, in a Fall 2021 HomeLight survey , agents reported that outdoor space was the third-most-prioritized feature for homebuyers. Moreover, in HomeLight’s Top Agents Insights Report in late 2020 , only 2% of agents interviewed said that patios would see fleeting popularity, showing that in most cases, the answer to the question “Does a patio increase home

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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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Housing Wire

JULY 29, 2022

Over the past few years, lenders have put a microscope to their processes to see where they can improve the borrower journey. But there may be one area they’re still overlooking. HousingWire sat down with Kara Shipulski, vice president of strategic partnerships at Liberty Mutual, and Sean Larney, ??vertical manager of strategic partnerships at Liberty Mutual, to discuss how partnering with a nationally recognized insurance company improve borrower engagement for lenders.

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Eye on Housing

JULY 29, 2022

After falling steadily for five quarters, the popularity of new homes rebounded in the second quarter of 2022, as 21% of prospective buyers reported looking for a newly-built home – up from 19% a quarter earlier. A possible reason for this pivot is the recent growth in the inventory of new homes for-sale, while the supply of existing homes on.

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Eye on Housing

JULY 29, 2022

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.6% in June, making its ninth monthly increase in the past 12 months. Gains in personal income are largely driven by increases in compensation of employees and proprietors’ income. Real disposable income, income remaining after adjusted for taxes and inflation, decreased 0.3% in.

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Housing Wire

JULY 29, 2022

Imagine getting a $1 billion, interest-only loan and later lying to your creditor. That’s what a congressional subcommittee said happened between Fannie Mae and Invitation Homes , the single-family rental landlord that in 2017 got a $1 billion interest-only 10-year loan from the government-sponsored enterprise. The Select Subcommittee on the Coronavirus Crisis found that from March 2020 to July 2021, as many as 29% of the company’s eviction cases resulted in the tenant ultimately losing their ho

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Finance Loans Equity Investor 397

HomeLight

JULY 29, 2022

Timing is critical in all things, but it can be especially challenging when it comes to real estate. Deciding whether to sell your home before buying a new one is a difficult decision. It could land you in temporary housing if you haven’t found a house to buy. That means two moves, which is nobody’s idea of a good time. Or, you could wind up paying two mortgages for a while if you go ahead and buy that dream house before you’ve sold yours.

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Debt-to-income ratio Loans Rent back Agents 111

Housing Wire

JULY 29, 2022

Fannie Mae reported $4.7 billion in net income for the second quarter of 2022, up from $4.4 billion in the first quarter. Net revenues increased by $200 million in the first six months of the year compared to last year, thanks to higher base guarantee fee income, an increase in the size of Fannie Mae’s guaranty book of business and higher income from portfolios.

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Debt-to-income ratio Loans Mortgages Finance 397

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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Toronto Realty Blog

JULY 29, 2022

TorontoRealtyBlog. What’s the idiom or saying that works best with today’s post? “Desperate times call for desperate measures?” Maybe. Or perhaps, “Think outside the box” is more apt. It depends on whether you want to reward certain behaviour, or whether you want to critique it. The market has changed and along with that change comes both the good and the bad.

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Housing Wire

JULY 29, 2022

Fannie Mae has unveiled its eighth Connecticut Avenue Series (CAS) credit-risk transfer deal of 2022, a $626.3 million note offering backed by a reference pool of single-family mortgages valued at $20.4 billion. The offering is slated to close Aug. 5, according to a presale review by the Kroll Bond Rating Agency (KBRA). This latest CAS transaction, CAS 2022-R08, involves a reference pool of 67,644 single-family mortgage loans.

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The American Genius for Real Estate

JULY 29, 2022

As trends shift, most people fail to see the new opportunities in each one - Dr. Lautz identifies ways Realtors can win business today. The post Dr. Lautz identifies four opportunities for Realtors in 2022 appeared first on The American Genius Real Estate.

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Housing Wire

JULY 29, 2022

If there’s one thing successful women in housing have in common, it’s their ability to get sh*t done. Whether they’re managing a team, running a business, or anything in between, women are dominating the industry and making room at the table for a new generation of women to do the same. It’s because of this energy and desire to grow together that we’re excited to kick off HW Annual with the Women of Influence Forum on Oct. 3.

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Land Industrial Banks Design 305

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Coldwell Banker

JULY 29, 2022

Mallorca, the largest of the chain of islands located off the east coast of Spain, is also the most diverse of the Balearics. Read on to learn the unique ins and outs of this sunny star of the Mediterranean. The post Coldwell Banker Around the World: July 2022 appeared first on Coldwell Banker Blue Matter.

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Marco Santarelli

JULY 29, 2022

Forecast: How High Will Mortgage Rates Go in 2022. Mortgage rates have risen since the start of 2022, reflecting investors' concerns that the economy is heating up and that the Fed will cool it down and reign in inflation. U.S. Treasury bond rates, which mortgage rates follow, encountered two tough patches this year: in late February, when Russia invaded Ukraine, and in mid-May when investors worried about poor consumer spending.

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Mortgages Fixed-rate mortgage Loans Investor 111

Brownstoner

JULY 29, 2022

It's mod à go-go, a loft-like one-bedroom duplex designed by its occupant -- French transplant, artist and designer Virginie Sommet -- available as a furnished short term rental for six to eight months. Its biggest attraction is without a doubt the inviting pond, big enough for swimming, with two waterfalls,… Read More > The post Curvy, Mod Duplex in Bed Stuy Queen Anne With Swimming Pond, Waterfalls, Fireplaces Asks $9K appeared first on Brownstoner.

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Fancy Pants Homes

JULY 29, 2022

TikTok superstars Nicky Champa and Pierre Boo are ready to add a new title to their already impressive list of achievements. The content creators/social media stars — who have drawn close to 25 million followers on TikTok with their inclusive ‘love is love’ branding and wholesome storytelling — will be flipping their first property.

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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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HomeLight

JULY 29, 2022

There’s a lot to love about Los Angeles, California. It’s close to the beach, it has a vibrant food and entertainment scene, and the weather is gorgeous year-round. But those housing prices — whew. California has a population of over 39 million people and over a quarter of those live in Los Angeles. In fact, if L.A. County was a state, it would be the 11th most populous.

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Fancy Pants Homes

JULY 29, 2022

Did you know that the average person spends 90% of their time indoors , both at home and at work? A few years ago, this might have been an unbelievable statistic. But since COVID-19, we’ve become all too aware of our indoor restrictions and access to natural environments. Serenity now! While biophilic design has been around for years, it’s quickly rising in popularity since the pandemic, focused on incorporating natural elements in architecture and home building with the goal of enha

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Design Residential Development As-is 105

HomeLight

JULY 29, 2022

Coffee capitals like Seattle, New York, and Portland have long-standing reputations for serving up a great cup of Joe. But in northeastern California — just a hop, skip, and a jump away from San Francisco lies an all too often overlooked coffee gem. The city of Sacramento is known for many things. It’s the farm-to-fork capital , a foodies paradise, is nicknamed “the city of trees,” and is one of the most culturally diverse cities in the United States.

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Land As-is Agents Title 105

Sotheby's International Real Estate

JULY 29, 2022

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Tierra Verde, Florida | Lisa Farmer, Premier Sotheby’s International Realty. The vacation home previously belonging to legendary Swedish band ABBA is now on sale outside St. Petersburg, Florida. This Iconic ’70s Band Had a Vacation Home on a Small Island in Florida — and It Just Went Up for Sale – Travel + Leisure.

Land 101

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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.

Agents

HomeLight

JULY 29, 2022

Buying a home can be equal parts exciting and scary. And, there are a lot of steps to the process that may seem surprising or unexpected. Getting an appraisal is just one of those steps in the homebuying process, but arguably one of the most important — an appraisal helps determine the value of a property. You may be wondering — when is the appraisal done when buying a home?

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Realty Biz

JULY 29, 2022

Search engine optimization (SEO) is one of the greatest marketing tools we have available to us. Believe it or not, 57% of businesses still don’t use SEO in their marketing strategies. While it’s a shame for them, it’s great news for you! It means there’s less competition standing in your way. Real estate SEO is a great way to reduce your marketing expenses over time, diversify your traffic, and reduce your dependence on paid ads.

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HomeLight

JULY 29, 2022

A study from the National Association of Realtors (NAR) found that 33% of homebuyers in 2022 were over the age of 57. If you’re in this demographic and looking for a house in retirement, chances are your priorities have changed from when you purchased your first home. Finding a house near good schools to raise a family probably isn’t high on your priority list.

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Brownstoner

JULY 29, 2022

Our picks for open houses to check out this weekend are found in Clinton Hill, Bed Stuy, Bay Ridge and East Flatbush. They range in price from $1.399 million to $3.6 million. In the Clinton Hill Historic District, an 1870s brownstone Italianate has grand proportions and many original details. The… Read More > The post An 1899 East Flatbush House With Original Details and Three More to See, Starting at $1.399 Million appeared first on Brownstoner.

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Marketing 98

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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

HomeLight

JULY 29, 2022

Picture this: You’ve found a home you love that suits your needs and budget. You’re making Pinterest boards to plan each room, and the moving company is on speed dial. Then, the inspector calls to share some news. The roof needs to be replaced. *Insert suspenseful music here. . Though this may be a bump in the road, you shouldn’t run away from the property because of an old roof.

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Purchase and sale agreement Inspection Agents As-is 104

Brownstoner

JULY 29, 2022

The dry goods merchant owner of this Hudson, N.Y., home in its earliest years was, presumably, able to decorate it with the latest in interior style. In recent years, evidence of any period details was buried under aluminum siding on the exterior and faux paneling, dropped ceilings and linoleum on… Read More > The post Dry Goods Merchant’s Former Hudson Wood Frame Given Top-to-Bottom Reno, Yours for $775K appeared first on Brownstoner.

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Realty Biz

JULY 29, 2022

Investing in real estate is a great way to earn passive income, especially if you enjoy the juggle of owning multiple properties. For those who are actively working with a real estate agent to buy more houses, it can be challenging to keep track of all the money coming in and going out. This is an incredibly important part of being an efficient property manager.

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BubbleInfo

JULY 29, 2022

The second half of 2022 starts next week. Where do we go from here? Things we can expect: Sales are dropping and will likely be lower for 1-3 years. Mortgage rates aren’t going back to 3%… but they might hang around in the 4s. Until the capital-gains tax is drastically reduced, long-timers want to stay put. […].

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