Fri.Aug 05, 2022

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Sixth recession red flag raised, despite strong jobs report

Housing Wire

What a crazy day for my economic model! On the same day, the Bureau of Labor Statistics (BLS) revealed that we’ve recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. 9, 2020, I knew one data line would lag the most: jobs!

Staging 545
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Luxury Real Estate Headlines: First Week in August 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Rye, New York | Christy Murphy, Julia B. Fee Sotheby’s International Realty . The historic home where Audrey Hepburn’s Sabrina lived most of her life dreaming up a whole new world with the Larrabees’ is now on sale for $11 million. Mansion where iconic Audrey Hepburn played ‘Sabrina’ lists for $11M – New York Post.

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US employment back at pre-pandemic level

Housing Wire

Amid fears and talk of a recession , job growth in the U.S. remained strong in July, with nonfarm payroll employment rising by 528,000 jobs from the month prior , according to data released Friday by the Bureau of Labor Statistics. After this latest job gain, the unemployment rate fell to 3.5%. Both total nonfarm employment and the unemployment rate have returned to their February 2020 pre-pandemic level.

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Tips for Maintaining a Newly Built Home

Realty Biz

Congratulations on moving into your newly built home and I hope you enjoy many happy years living there. Everything is sparkling clean from the floors, to the walls, to the ceilings, and the brand-new appliances. However, enjoying life there brings wear-and-tear and that requires maintenance to keep everything in the most attractive shape and to prevent small problems from becoming big headaches.

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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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Banking agencies get deluge of feedback on CRA proposal

Housing Wire

Stakeholders on all sides of the issues sounded off on the proposed changes to the federal redlining statute in comments to the banking agencies marshaling the changes. Some of the nearly 360 comments came in late on Thursday, a day before the deadline imposed by the Office of the Comptroller of the Currency , the Federal Reserve and the Federal Deposit Insurance Corporation.

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More Trending

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Rocket’s earnings plummet, but its liquidity remains solid

Housing Wire

During this period of rising rates and general rate volatility, having the cash and credit lines on hand to ride out the rough patches in the market — known as liquidity — can be what separates the winners from the losers in the mortgage industry. Rocket Companies , the parent company of Rocket Mortgage , despite a less-than-impressive second-quarter earnings performance, appears to recognize that reality.

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Headship Stabilizes During the Pandemic Housing Boom

Eye on Housing

Headship rates for all age groups have been trending lower over the last two decades, with important implications for the demand for home building. The latest Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC) data show that the pandemic housing boom brought this trend to a halt, with adults ages 35-64 now registering higher headship rates than they.

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Why is now the time for lenders to modernize their appraisal processes

Housing Wire

With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. HousingWire recently spoke with Erin Reed, vice president of originations, valuations and operations at ServiceLink about approaching appraisal modernization in an innovative way while addressing logistical challenges along the way. .

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Top 10 Coldwell Banker Stories of the Month – July 2022

Coldwell Banker

Extra, extra! Read the top 10 news items that ran in July about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – July 2022 appeared first on Coldwell Banker Blue Matter.

Agents 99
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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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Guild still eyeing acquisitions as profits falter in Q2 2022

Housing Wire

Guild Mortgage ’s second-quarter earnings suggest that a high share of purchase loans won’t necessarily be enough to protect lenders from the most challenging and volatile mortgage market in years. They’ll have to cut costs and grab opportunities as they emerge. The nonbank lender reported a $58.3 million net income from April to June, a 72% decrease from $208 million in the first quarter.

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10 Activities agents should be doing today

Real Trends

Yes, the market shifted a little. As you’re settling into your new normal, you’re likely finding yourself with a little more time – time that you should commit to spending working on your business (and yourself) instead of in your business. Since we’re headed toward a seasonal shift as well, with kiddos heading back to school, the days starting to get shorter, and vacation season coming to an abrupt end, this is the perfect time to tackle some tasks, restart some habits,

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Opinion: The not-so-surprising resurgence of home equity lending

Housing Wire

In recent months, interest rates have risen to their highest level in years as the Federal Reserve has embarked on an aggressive tightening campaign in an effort to fight inflation. Despite rising rates, demand for home equity lines of credit (HELOCs) continues to surge with 2022 origination levels up more than 40% from a year ago, according to data from Citizens.

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Absorption Rate and Months of Inventory in Real Estate

Norada Real Estate

Absorption rates and months of inventory in real estate. What are they, and why are they significant? This information is useful since it represents the liquidity of a market. As a real estate investor, you can help maximize your profits by knowing the liquidity of a given real estate market. By knowing the liquidity of a market, you will better understand that market and therefore be able to take advantage of the various buying strategies afforded by it.

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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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Act now to get your room for HW Annual Oct. 3-5 in Scottsdale

Housing Wire

With just under two months until HW Annual , it is important to make your hotel reservations now to join us in person for this power-packed event. HW Annual will take place from Oct. 3-5 at the Fairmont Princess Resort in Scottsdale, Arizona. Attendees who register soon can still find a spot in the HW Annual block of rooms, which includes a special $395 per night room rate.

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What Is Loan To Value After Repair Value (ARV)?

Realty Biz

Purchasing homes to renovate and flip is a common real estate investment strategy. So, too, is home buyers purchasing an inexpensive property that needs some rehab or customization, or even a mortgage refinance when your existing property needs renovations. However, just because you have the desire to purchase a home and then renovate it does not mean you might have the cash resources to do so.

Loans 89
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Park Slope Historic District Brownstone and Three More to See, Starting at $1.7 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Park Slope, Carroll Gardens and South Midwood. They range in price from $1.7 million to $5.095 million. In the Park Slope Historic District, an 1880s brownstone has a smattering of original detail, including a wood mantel, and updates… Read More > The post Park Slope Historic District Brownstone and Three More to See, Starting at $1.7 Million appeared first on Brownstoner.

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CubiCasa’s new app makes it easy for real estate agents to create highly accurate floor plans

Realty Biz

Mobile floor plan scanning app provider CubiCasa is making its service available for free in the United States. CubiCasa is the creator of mobile capture technology that can be used without prior training by anyone with a smartphone. From a simple walk-through of a home, the technology produces a highly-precise floor plan sketch with the option to calculate gross living area, aligned with ANSI standards.

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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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6 Guaranteed Ways of Keeping Your Airbnb Guests Coming Back

Mashvisor

Attracting new guests is the primary goal of every Airbnb host and property manager. This can be achieved by increasing the visibility of the vacation rental in different channels.

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ERA® Real Estate fortifies presence in Cedar Rapids with affiliation of Graf Real Estate ERA Powered

Realty Biz

ERA ® Real Estate , a global franchising leader within the Anywhere SM family of brands, announced today that the Graf Home Selling Team & Associates, based in Hiawatha, Iowa, has affiliated with the ERA ® brand. The firm serves the greater Cedar Rapids area, including the cities of Marion and Robins. Now known as Graf Real Estate ERA Powered, the full-service company’s affiliated agents will continue to work with clients on residential sales and relocations.

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Open House Saturday 12-3

BubbleInfo

Our full-price buyers backed out of their purchase of my new listing in La Costa Oaks due to fear of fire. I was there in 1997 when the last fire blew through La Costa – you may remember me being interviewed by Susan Taylor on NBS that night – so I’m aware of the danger. […].

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A Bright Catskill Italianate With a Mid-Century Kitchen Surprise Asks $750K

Brownstoner

The exterior of this Catskill Italianate isn't exactly shy and retiring. After a renovation by the artist owners, a bold green facade now makes the white brackets, window surrounds and porch details pop and the bright red door is hard to miss. Located at 48 Day Street near downtown Catskill,… Read More > The post A Bright Catskill Italianate With a Mid-Century Kitchen Surprise Asks $750K appeared first on Brownstoner.

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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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More on 2023

BubbleInfo

Yesterday I joined Molly of Real Talk Media for a couple of thoughts about next year’s market: The key to market conditions will be the inventory – no surprise there. If there was a surge of newer McMansions for sale that were upgraded, well-presented, and had decent backyards, it would light the market on fire, […].

Sales 59
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Daily Links: Judge Sides With Parents, Will Let City Council Reconsider School Budget Cuts

Brownstoner

In the News Judge Says He Will Toss Out NYC School Budget [NYT] ID Theft, Fraud, Prison: The Wild Life of a Bishop Robbed at the Pulpit [NYT] Brooklyn Real Estate Activity Is Up From Last Year Across the Board [Eagle] Flatbush Central Vendors Ask for Help [Amsterdam News] Greenpoint Residents Call for Street Changes… Read More > The post Daily Links: Judge Sides With Parents, Will Let City Council Reconsider School Budget Cuts appeared first on Brownstoner.

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Best Telephone Entry Systems & Smart Intercoms

Swiftlane

This guide covers the most popular telephone entry systems used for apartment and condo buildings. Most buildings are moving to video intercom systems due to rise in landline costs and lack of security and auditing. Jump to a specific section: Landline usage statistics Entry systems with video (video intercoms) Best Telephone Entry Systems Best intercoms […].

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East Flatbush Has Just Two Cooling Centers for 162,000 Residents

Brownstoner

East Flatbush is the city’s most woefully underserved neighborhood when it comes to cooling centers, having just two of the air conditioned public spaces for its 162,000 residents. A new report from Comptroller Brad Lander analyzes the availability of the city’s cooling centers, typically set up in libraries, community centers… Read More > The post East Flatbush Has Just Two Cooling Centers for 162,000 Residents appeared first on Brownstoner.

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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.