Mon.Apr 11, 2022

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3 Ways Remote Work Is Changing Real Estate Forever—and How Agents Can Help Their Clients Adapt

RIS Media

There’s no doubt that remote work is here to stay: 91% of people who are working at least some of their hours remotely hope their ability to work at home continues. And, a recent report from Ladders predicts that 25% of all high-paying professional jobs will be remote by the end of this year. A lack of commute time, the flexibility to balance work and personal obligations, and improved well-being are some of the top-cited reasons driving this change.

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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Wait, what? But we have a housing shortage, right? Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built

Sales 514
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Using Your Tax Refund To Achieve Your Homeownership Goals This Year

Keeping Current Matters

If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses.

Marketing 257
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Fannie Mae announces title insurance shake up

Housing Wire

In a selling guide announcement released last week, Fannie Mae announced that it would be accepting written opinion letters from an attorney in lieu of a title insurance policy “in limited circumstances.”. According to the announcement, lenders “must ensure the loan is covered by either a title policy issued by an acceptable insurer (including any required endorsements) or a title opinion letter issued by an attorney.”.

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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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Making Offers on Houses: What You Need to Know

Maximum Exposure Real Estate

How to Make an Offer For a House Buying a house in today’s competitive market can be a real challenge. Potential buyers need to understand that making offers could become a routine before landing your dream house. It’s an extreme seller’s market where a bidding war is a norm and not the exception. It’s a […]. The post Making Offers on Houses: What You Need to Know appeared first on Maximum Real Estate Exposure.

Land 139
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Why owning a home is the best hedge against inflation

Housing Wire

On Thursday, the Bureau of Labor Statistics reported the same trend that all Americans have seen lately: the inflation rate of growth is rampant and doesn’t show any sign of easing up due to the Russian Invasion of Ukraine. The Consumer Price Index for all Urban Consumers “increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January… Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment.” As you can

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Profits for nonbanks shrink 44% in 2021

Housing Wire

Nonbanks and mortgage subsidiaries of chartered banks saw a big dip in profitability in 2021 amid rising interest rates, lower refinance originations, and higher expenses. In 2022 and beyond, industry observers believe it will only get worse. Net gains in 2021 declined to $2,339 on each loan originated, compared to a record $4,202 in the previous year, according to a report published by the Mortgage Bankers Association (MBA) on Monday.

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March TRREB Stats: London Calling!

Toronto Realty Blog

TorontoRealtyBlog. Well, that was an eventful week, wasn’t it? Chris, Tara, and Matthew wrote guest blogs? You don’t say! To be quite honest, I was thinking about pre-writing three blogs, or, as is often the case, writing blogs while I’m away on vacation. That always seems easy in advance (“I write three blogs per week, I’m sure I can carve out the time while I’m away!

Marketing 119
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Buyers rush to lock mortgages as rates move fast and furious

Housing Wire

Mortgage origination activity rose last month despite rapidly rising mortgage rates as prospective buyers sought to lock in their loans. Overall origination activity jumped 19% in March from the previous month, led by a 31% increase in purchase loan locks, according to the monthly Originations Market Monitor report from Black Knight. While cash-out refinance activity, which has been somewhat insulated due to strengthening home values, rose a mere 1.6% in March from February, rate-term refi origi

Mortgages 370
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Married Couple Homeownership

Eye on Housing

NAHB analysis of the Current Population Survey’s (CPS) 2020 Annual Social and Economic Supplement (ASEC) estimates the national homeownership rate at 66.4%. This analysis provides a further breakdown of this rate through the lens of married couple homeownership, which we estimate at 79% for 2020.

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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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LoanLogics rolls out automated income calculation tool

Housing Wire

LoanLogics this week rolled out LoanBeam Wage, a new automated tool that enables lenders to calculate borrower’s income quickly by using paper-based paystubs and W2s. The Jacksonville, Florida-based digital mortgage solutions provider combines machine learning with “layered optical character recognition technologies” to automatically extract and interpret income data in a paystub and W2 income documents without a lender’s human staff, the firm said in a release. “By

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Mortgage and refinance rates today, April 11, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose last Friday. And, unfortunately, they ended that week appreciably higher than they started it. There had been falls on Monday and […].

Mortgages 111
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Staircase debuts AWS blockchain-backed tech to store, process mortgage data

Housing Wire

Mortgage tech startup Staircase this week launched a blockchain-backed digital infrastructure that it says enables lenders to safely store collected mortgage data while processing mortgages faster. Philadelphia, Pennsylvania-based Staircase rolled out Amazon Web Service blockchain-based “Staircase Persistence,” which it says helps companies manage data points used by their different customers by grouping data into sets, such as transactions, collections, and client accounts.

Mortgages 370
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Home Appraisal Tips for Buyers, Sellers, and Homeowners: Be Prepared for Anything

HomeLight

You might have heard that the home appraisal process is nerve-racking for sellers, who are eager to see what financial value a professional appraiser places on their home. But buyers don’t find this process smooth sailing, either! With about 40% of Americans in one survey saying that buying a home is the most stressful event in modern life — and 13% of those respondents worrying after the purchase that they overpaid — the more informed a buyer is, the better.

Loans 111
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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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How embracing digital transformation gives lenders a competitive edge

Housing Wire

More and more borrowers are looking for a fast, effective mortgage process that involves less paper. We recently spoke to Amanda Hill, Head of Mortgage Solutions at Reggora, about actionable steps lenders can take to overcome barriers to automation. HousingWire: How do the sentiments of today’s average borrower heighten the need for lenders to be more competitive?

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Activists Rally to Deny Permit for Gas Vaporizers at National Grid’s Depot in Williamsburg

Brownstoner

Environmental activists rallied outside the state Department of Environmental Conservation’s headquarters on Tuesday morning, urging the agency to put a stop to National Grid’s plan to build new natural gas infrastructure in north Brooklyn. Almost two years ago, the British energy giant applied for less restrictive air pollution permits, which would… Read More > The post Activists Rally to Deny Permit for Gas Vaporizers at National Grid’s Depot in Williamsburg appeared first on B

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The logic behind a Black Knight takeover

Housing Wire

Top mortgage lending software and analytics provider Black Knight is reportedly exploring a sale following takeover interest from several private equity firms. But don’t misread the situation – a potential deal reflects an opportunistic move rather than an act of desperation, analysts who cover the company told HousingWire. Black Knight’s stock has been punished due to the company’s exposure to the mortgage business – after reaching a record of $4.4 trillion in 2021, originatio

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This Springs Hottest Real Estate Markets!

Properties Online

March’s hottest real estate markets With home prices (and interest rates!) skyrocketing lately, homebuyers are wondering where in the U.S. can they afford to purchase a home. Well, thanks to a recent report from Realtor.com® we can point out a few places that might still be affordable. Here are March’s hottest real estate markets: 1… Read More » This Springs Hottest Real Estate Markets!

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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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Significant Sales: February 2022 Highlights

Sotheby's International Real Estate

From a US$44.9 million sale in Palm Beach, Florida to a ¥940 million sale in Tokyo, Japan, see the brand’s significant sales in February 2022. Palm Beach, Florida. Lisa and John Cregan | Sotheby’s International Realty – Palm Beach Brokerage, $44,926,000. Dorado, Puerto Rico. Oriana Juvelier | Puerto Rico Sotheby’s International Realty, $19,950,000.

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Fort Greene Brownstone With Tamara Eaton Interior, Sunroom, Sauna, Built-ins Asks $7 Million

Brownstoner

This 1860s Italianate has had quite a transformation since it was a crumbling shell on the market in 2014. While a marble mantel could be spotted amidst the decaying plaster, 6 South Oxford Street had a hole in the roof and was need of a top-to-bottom renovation. The subsequent overhaul… Read More > The post Fort Greene Brownstone With Tamara Eaton Interior, Sunroom, Sauna, Built-ins Asks $7 Million appeared first on Brownstoner.

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Majority of Homeowners and Renters Support ‘Modern Densification’ in Their Neighborhoods

RIS Media

With housing supply still severely strained nationwide, homeowners and renters say they are open to adding a mix of housing options in their neighborhoods, according to a new Zillow survey. The report, which surveyed more than 12,000 people across 26 U.S. metropolitan areas struggling with housing affordability, found that 77% of all homeowners and renters surveyed voiced support for constructing either new accessory dwelling units (ADUs), duplexes, or triplexes in residential neighborhoods.

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Daily Links: NY State Budget Passed Without 421-a Developer Tax Break Alternative Included

Brownstoner

In the News The New York Dream of Cheap Rent and No Roommates? It’s Over [NYT] Artists, Musicians Getting a New Source for Aid in the NY State Budget [NYT] Brooklyn Bridge Climber Ties Up Traffic [Eagle] Massive Park Slope Manhole Explosion Spurs Evacuations, Street Closure [Patch] New Pawsibilities in Bushwick [Bushwick Daily] 27 Dogs Rescued… Read More > The post Daily Links: NY State Budget Passed Without 421-a Developer Tax Break Alternative Included appeared first on Brownstoner.

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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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Six Kitchen Renovations With a High Return on Investment

RIS Media

As the saying goes, “the kitchen is the heart of your home.” When selling a home though, most real estate professionals will vouch that—as far as home improvements are concerned—kitchen renovations are worthy investments that will likely increase your resale value. DIY expert and licensed contractor Beth Allen shares six common kitchen renovation ideas with the biggest investment return.

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Inventory Watch

BubbleInfo

I think we can say that the statistics are starting to reflect the current environment, which is being muddled by a few factors: There are so few listings that sellers (and listing agents) are pushing the list prices… but buyers have had enough, and the inferior properties aren’t selling like they used to. Sellers and agents […].

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iBuyers Rebound as Power Buyers Rapidly Expand

RIS Media

According to our latest zavvie Seller Preferences Report, iBuyers rebounded last year, increasing business fivefold year-over-year during an historic seller’s market. Even as skeptics asked, “Who needs an instant offer from a tech company if you can sell your house on the open market faster than you ever thought possible for more money than you ever expected?

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A Look at Kansas City’s Top Rated Real Estate Agents

Realty Biz

According to the most recent U.S. News & World Report profiling, the top real estate agents in Kansas City, Bryan Huff of Keller Williams leads a group of more than 4,800 professionals in the area. The report uses HomeLight figures on agents that sell properties fastest and for the biggest sales price, but we thought we’d delve deeper into a few of these agent profiles to isolate just why Huff and the others are so successful.

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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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Commentary: 8 Things Your Real Estate Clients Expect From You

RIS Media

Without accounting for your real estate clients’ common needs and expectations, you might be underperforming and risk losing their business. Here are eight things your real estate clients are expecting from you as their real estate professional: Be available. Make yourself available to your clients as often as possible. Even if you cannot answer right away, set up an automatic response letting them know you’ve received their message.

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Ask Brian: How Do We Find the Best Mortgage Rate as First-Time Buyers?

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 Regina in Oklahoma City: Hi Brian, last weekend I visited my sister Jenny. Both of us want to buy our first house and over a few cold beers, we got to talking about what we need to do to make it happen.

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Under the Radar: Offerpad Agent Hiring Comes to Light

RIS Media

While tech and innovation have become fixtures in real estate, the lifeblood of any brokerage and transaction has always been the agent. Even as perceived “disruptors” make inroads into the market, the agent has served as a line in the sand that separates brokerages from several emerging business models. That line has arguably been blurred as Offerpad, one of iBuying’s most prominent players, is hiring real estate agents as full-time staff under the radar.

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What to Inspect in a Home Before Purchasing It

RISMedia

By Anica Oaks When you fall in love with a house to buy, don't rush to sign the purchase agreement. First, take time to get a professional inspection. This will help you to find out about any problems you might have to negotiate with the seller or take care of after the purchase. Foundation A […]. The post What to Inspect in a Home Before Purchasing It appeared first on RISMedia's Housecall.

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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.