Wed.Mar 23, 2022

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What You Need To Know if You’re Thinking About Building a Home

Keeping Current Matters

If you’re ready to move up, you may be trying to decide whether you want to buy a home that's already on the market or build a new one.

Marketing 235
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With mortgage rates on the rise, here are some products originators should tap into

Housing Wire

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. HousingWire recently spoke with David Peskin, president of Reverse Mortgage Funding, who said entering the reverse mortgage business could allow originators to break into a growing market with significant demand that is largely untapped.

Mortgages 384
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Updated Windsor Terrace Row House With Solar, Loft-Like English Basement Asks $3.395 Million

Brownstoner

This early 20th century Windsor Terrace brick row house has gotten an interior makeover that still retains some original details while providing an impressive amount of work and play space in the spacious English basement. At 230 Windsor Place, it is located just a short stroll from Prospect Park. Originally constructed… Read More > The post Updated Windsor Terrace Row House With Solar, Loft-Like English Basement Asks $3.395 Million appeared first on Brownstoner.

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This global investment firm wants to become a non-QM rainmaker

Housing Wire

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products. The new REMIC, Mill City Loan Holdings LLC , will serve as a mortgage conduit for funds managed by CarVal while also developing relationships with originators to acquire “residential mortga

Banks 384
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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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Is Zillow Premier Agent Worth the Cost?

The Close

Have you been wondering what your return on investment (ROI) would be from the Zillow Premier Agent program? Is it worth your time, money, and effort? The short answer: Yes, it is. Why? Zillow Premier Agents who use the platform effectively enjoy a typical ROI of 210%, according to agents with whom we’ve spoken. But there’s a catch. Zillow Premier Agent isn’t perfect.

Agents 105
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Ginnie Mae announces the addition of two senior staffers

Housing Wire

Ginnie Mae recently filled two executive roles, naming Sam Valverde as its first Hispanic executive vice president and Felecia Rotellini as senior advisor and chief of staff to the president. Alanna McCargo, president of Ginnie Mae, announced the appointments during the National Association of Hispanic Real Estate Professionals conference that took place in Washington D.C. last week.

Finance 384

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Mortgage apps decline 8% amid rate hike

Housing Wire

Interest in residential mortgage loans fell 8.1% for the week ending March 18 as mortgage rates rose to 4.5%, the highest level in years, according to the Mortgage Bankers Association ‘s latest survey. “The jump in rates comes as markets moved to price in a much faster pace of rate hikes, as well as expectations of fewer MBS purchases from the Federal Reserve ,” Joel Kan, associate vice president of economic and industry forecasting for the MBA, said in a statement.

Mortgages 370
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Mortgage and refinance rates today, March 23, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose moderately yesterday. They’ve fallen on just one business day since Mar. 7, and then only modestly. And we thought February was […].

Mortgages 101
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Homepoint to jump into the non-QM market

Housing Wire

Houses. Add Homepoint to the list of lenders entering the non-QM market in 2022 amid a fall in origination volume. . The wholesale lender is preparing to launch two non-qualified mortgage products this year, including bank statement and investor cash flow loans. “We’re currently in the process of assessing our entry point into non-QM loans.

Marketing 370
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Lamacchia Realty Receives Brokerage Leadership Award

RIS Media

Leading Real Estate Companies of the World® (LeadingRE) presented Anthony Lamacchia, broker/owner and CEO of Lamacchia Realty, with its Brokerage Leadership Award during its Annual Awards Gala last week in Las Vegas, the company has announced. The Brokerage Leadership Award recognizes the principal broker who exemplifies extraordinary leadership and whose achievements have drawn the attention and admiration of others, the company stated.

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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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Finance of America’s Jim Anderson on building customer relationships

Housing Wire

The HousingWire award spotlight series highlights the individuals who have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Marketing Leaders award are now open through Friday, March 25, 2022. Click here to nominate someone you know — it can even be you! As the housing market continues to move from last year’s refinance boom, lenders’ ability to identify customers and maintain consumer relationships has become more important than ever in not only securing l

Finance 366
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Mortgage Applications Decrease Again This Week

RIS Media

Mortgage applications are still on a downward trend this week, according to the latest data from the Mortgage Bankers Association (MBA), released Wednesday. MBA’s Weekly Mortgage Applications Survey showed a decrease of 8.1% from the week earlier. On an unadjusted basis, the Index decreased 8% compared with the previous week. The Refinance Index decreased 14% from the previous week and was 54 percent lower than the same week one year ago, MBA data showed.

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Daily Links: Mask Mandate to End for Youngest New Yorkers

Brownstoner

In the News Preschoolers Can Shed Their Masks, Mayor Adams Says [NYT] The Smith Chef Lists Williamsburg Townhouse for $5 Million [NY Post] Sunken Gowanus Boat Is City Contractor’s [amNY] Contractor Indicted for Manslaughter After Bushwick Wall Collapse [BP] Bar Bruno, a Mexican Bistro, Is Taking Over Enid's Space [Greenpointers] The After-School Program Building Brooklyn Girls’… Read More > The post Daily Links: Mask Mandate to End for Youngest New Yorkers appeared first on Brownstoner

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Social Media Tips for Your Real Estate Niche – Part 2: Vacation Homes

RIS Media

Whether you’re new to the vacation home market or you have already carved that niche in your area, this real estate sector is booming, especially since the onset of COVID-19. In 2021, sales of vacation homes surged throughout the pandemic, and according to NAR’s 2021 Vacation Homes County Report , it outpaced the overall housing market. Like your regular real estate listings, it’s important to promote vacation homes across your social media.

Staging 98
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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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Home inspectors advocate for buyers’ legal right for inspections

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: Home inspectors advocate for buyers’ legal right for inspections. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Canadian Home Inspectors for Consumers (CHIC) says it was formed to educate the public about the importance of a home inspection, and “advocate for Canadians who m

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Covid-Era Recap: What Worked, What Didn’t and What to Expect

RIS Media

This month marks the second anniversary of the COVID-pandemic shutdown, and what a wild roller coaster ride it has been. So much has changed in our world—and the real estate industry—over the last two years, and 2022 doesn’t seem to be any different. During the height of the pandemic, almost every industry had to reimagine how to keep going remotely and as we begin to lift mask mandates and capacity restrictions, many companies and people aren’t necessarily going back to the pre-COVID standards

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Video of the Week: Chad Dorsey Designed Home in Dallas, Texas

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ?. Dallas, Texas | Forke + Shindler, Briggs Freeman Sotheby’s International Realty. This Chad Dorsey designed home is known as the “Surf Shack” & has been published in a wide range of of publications around the world.

Design 96
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Share of Mortgage Loans in Forbearance Decreases to 1.18% in February

RIS Media

The total number of loans now in forbearance decreased by 12 basis points, from 1.3% of servicers’ portfolio volume in the prior month to 1.18%, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey, released last week. MBA estimates 590,000 homeowners are in forbearance plans. The decrease of forbearance shows the inverse effect of improving rates for both total borrowers and borrowers in workouts, which rose for the first time since June 2021, according to Marina

Loans 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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Share of Millennial homebuyers on the rise

Real Trends

Millennials (those aged 23 to 41) make up the largest share of U.S. homebuyers at 43%, up from 37% a year ago, while Baby Boomers (those aged 57 to 75) made up the largest share of home sellers at 42%, according to the National Association of Realtors’ 2022 Generational Trends report released on Wednesday. Millennials have been the largest share of buyers since the 2014 generational trends report.

Finance 94
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Is Your Brokerage a ‘People-First’ Business?

RIS Media

Many brokerages claim to be “customer-centric.” But if you want to differentiate your brokerage from the competition, the truth is that being customer-centric is not enough. Adopting a broader mindset that embraces not only your external customers, but also your internal customers—agents, teams and support staff—can elevate your brokerage to a new level of success.

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Team Jancsik joins Royal Heritage Realty in Lindsay

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: Team Jancsik joins Royal Heritage Realty in Lindsay. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Team Jancsik recently joined Royal Heritage Realty and will work from a new satellite office in Lindsay, Ont.

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What to Look for When Buying an Urban Penthouse

RIS Media

Penthouse living means unparalleled views, top-of-the-line amenities and a feeling of exclusivity. A penthouse dwelling affords the best city views, often through floor-to-ceiling windows. Penthouse living also often comes with outdoor space, a genuine premium when living in a busy city. One of the biggest perks of living in a penthouse is privacy, as it is typically the only unit on the floor.

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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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ERA® Real Estate bolster Southern Louisiana presence with affiliation of Godwyn Realty ERAP Powered

Realty Biz

ERA ® Real Estate , a global franchising leader within the Realogy family of brands, announced today that Godwyn Realty, based in New Orleans, La., has affiliated with the ERA® brand. The firm, which serves the Greater New Orleans area, including Metairie, Kenner, Slidell, Mandeville, Covington, Madisonville, Gretna, La Place and Destrehan, will be known as Godwyn Realty ERA Powered.

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Berkshire Hathaway HomeServices Florida Network Realty Accelerates Home Sales with QuickBuy

RIS Media

Berkshire Hathaway HomeServices Florida Network Realty has announced the company is offering homesellers the option to request an immediate cash offer with its their QuickBuy® program before they list. The company operates QuickBuy® through a relationship with national iBuying expert, Moving Station. QuickBuy® includes various “instant” home-sale solutions that combine instant offers with the company’s local market experience, the company stated.

Sales 98
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Real estate agents are spending more on listing photography

Realty Biz

Real estate professionals across the U.S. have upped their spending, and are now investing more cash in marketing their listings than they were before the pandemic. The highest priority for most real estate agents is to ensure they have good photos of the homes they list. Even so, the willingness to spend money by agents differs by region. In some parts of the U.S., real estate pros are putting greater emphasis on photography.

Agents 90
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What to Include in a Luxury Garage Conversion

RIS Media

If you’re considering converting your detached garage into a luxury living space, the possibilities are endless. Think of your garage as a blank slate and consider the type of space you could most benefit from. A garage conversion can give you the additional square footage you may have thought you lacked from a workout space, a game room or a home office.

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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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There Are Two Major Technological Trends In Real Estate

Realty Biz

There is no denying that 2021 has been a historic year for the real estate industry, especially real estate technology. Before although the industry has made great strides, the current situation offers more opportunities than ever before. As you think about where you can focus your business development efforts and investment thesis by 2022, keep these two real estate technologies in mind.

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What to Look for When Buying a Waterfront Property

RIS Media

A waterfront property means taking in daily sunsets, listening to the sounds of the waves and having unlimited opportunities to enjoy an afternoon on the water. Buying a waterfront property comes with different criteria than purchasing a house surrounded by land. There are essential factors to consider from assessing the water, the shoreline and surrounding area before you buy a waterfront property.

Land 98
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4 NYC Luxury Agents on How to #BreakTheBias in Real Estate

The Close

International Women’s Day embraces a new theme each year, and this year’s was #BreakTheBias —which encourages people to forge women’s equality and break through unconscious biases in our communities, workplaces, and institutions. At The Close, our mission is to deliver actionable advice to our readers, so we tapped four highly successful leaders in luxury real estate to ask what #BreakTheBias means to them, how they’re helping to lift up other women in real estate and their communiti

Agents 97
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REALOGY HOLDINGS CORP.

RIS Media

ABOUT REALOGY HOLDINGS CORP. Realogy (NYSE: RLGY), is moving the real estate industry to what’s next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, Realogy supported approximately 1.5 million home transactions in 2021.

Title 98
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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.