Fri.Jul 29, 2022

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Housing inventory nationwide rises for the first time in years

Housing Wire

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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A look at Nicky Champa and Pierre Boo’s house in Bel Canyon, now on the market for $2.25M

Fancy Pants Homes

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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Opinion: The end of seller speculation in US housing market

Housing Wire

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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The Transition

BubbleInfo

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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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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Cost cutting is the top priority for mortgage lenders

Housing Wire

As mortgage origination volume continues to fall from the heights of the pandemic-spurred boom, many lenders see cost-cutting as their top priority this year. About 39% of 210 senior mortgage executives representing 189 lending institutions said cost-cutting was the most important agenda item, the first time that has happened since 2017, according to Fannie Mae ‘s mortgage lender sentiment survey.

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How insurance offerings can improve the borrower experience

Housing Wire

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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Some Buyers Turning to New Construction

Eye on Housing

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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Don’t miss the Women of Influence Forum at HW Annual Oct. 3

Housing Wire

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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Luxury Real Estate Headlines: Final Week of July 2022

Sotheby's International Real Estate

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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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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How Many Keywords Should I Use in My Blog Content?

Realty Biz

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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Photos Of The Week!

Toronto Realty Blog

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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Mortgage Interest Rates Forecast 2022: How High Will Rates Go?

Marco Santarelli

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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An 1899 East Flatbush House With Original Details and Three More to See, Starting at $1.399 Million

Brownstoner

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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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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Inflation Causes Real Disposable Income to Slip in June

Eye on Housing

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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Curvy, Mod Duplex in Bed Stuy Queen Anne With Swimming Pond, Waterfalls, Fireplaces Asks $9K

Brownstoner

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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Coldwell Banker Around the World: July 2022

Coldwell Banker

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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Dry Goods Merchant’s Former Hudson Wood Frame Given Top-to-Bottom Reno, Yours for $775K

Brownstoner

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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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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4 Tips for Tracking Expenses for Your Rental Property

Realty Biz

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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Daily Links: Parishioner Says Canarsie Bishop Stole Her Life Savings, Promised to Buy Real Estate

Brownstoner

In the News The Life and Death of Daniel Auster, a Son of Literary Brooklyn [NYT] His Brooklyn-Made Speakers Are Coveted by Supreme and Prada [NYT] Kings County Hospital Gets $15 Million for Maternal, Infant Health [BP] Haitian Street Food With a Modern Twist at New Flatbush Eatery[BK Reader] Bushwick Inlet Park Soccer Field Opens… Read More > The post Daily Links: Parishioner Says Canarsie Bishop Stole Her Life Savings, Promised to Buy Real Estate appeared first on Brownstoner.

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6 Things to Consider When Selling Your Home in the Summer

Realty Biz

Summer is one of the most popular times to buy and sell a home. If you’re trying to decide whether or not to sell your home , the summer months are a prime time for real estate transactions, so you’ll have an ample audience of prospective buyers. Selling a home during the summer involves more than slapping a “For Sale” sign in the front yard. Even with more buyers in the market, you may also face stiffer competition for their attention from other sellers.

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Calling All Coffee Lovers in the 916, Here Are the Best Coffee Shops in Sacramento

HomeLight

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.

Land 104
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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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Signs to Look for When It’s Time to Upgrade Your HVAC System

RISMedia

By Emma Sturgis If you've noticed your HVAC system struggling to stay cool, and it’s been struggling for a long time, it may be time to consider an upgrade. Certain signs will tell you when your HVAC system needs an upgrade, as long as you pay attention and remember to look for them. Here are […]. The post Signs to Look for When It’s Time to Upgrade Your HVAC System appeared first on RISMedia's Housecall.

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Understanding Sick Building Syndrome – Tracking, Treatments & Prevention

Realty Biz

When you move into a building , the last thing you expect is that the building will make you sick. Sick building syndrome is the name of a phenomenon where multiple building inhabitants suffer from the same symptoms implying a disease whose cause may be unknown. The symptoms could include nausea, dizziness, headaches, skin irritation, sinus infections, and upset stomachs.

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Estimate Rental Value in 6 Easy Steps

Mashvisor

Whether you’re new to investing in rental properties or not, discover how to estimate rental value before you start renting out your property. Table of Contents What Is Rental Value?

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Pending home sales dropped 20% last month as more buyers find themselves priced out

Realty Biz

Pending sales of existing homes dropped 20% in June compared with the same month a year ago, the National Association of Realtors said Wednesday. That is the slowest pace since September 2011, with the exception of the first two months of the coronavirus pandemic lockdowns, when sales plunged briefly and then rebounded sharply. On a monthly basis, pending home sales fell a wider-than-expected 8.6% in June.

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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.