Fri.Jul 15, 2022

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Wells Fargo: Our mortgage business will “naturally” decline

Housing Wire

Wells Fargo ‘s second-quarter earnings reflect the broader challenges mortgage lenders face in such a turbulent market – in just six months, a rapid rise in mortgage rates has eroded consumer demand, shocked capital markets and forced mass industry layoffs. And those fundamental challenges are not going away anytime soon. The third-biggest U.S. mortgage lender by volume on Friday reported a decline in originations, a decrease in gain-on-sale margins and lower revenues from the re-securitiz

Mortgages 432
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How to Get More Real Estate Social Media Followers

Realty Biz

In today’s digital world, real estate agents can use social media to build relationships with clients and market their services. While a website is an effective way to showcase your listings and provide information about the home buying and selling process, real estate social media marketing is an even better way to generate leads, close deals, and obtain more real estate social media followers.

Branding 119
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MSR market picks up in Q3 where Q2 left off: Hot

Housing Wire

Four new mortgage-servicing rights (MSR) offerings for agency loan portfolios valued at some $3.7 billion hit the market as the third quarter of the year kicked off. Alexandria, Virginia-based advisory and brokerage firm Prestwick Mortgage Group , along with its strategic partner, San Diego-based Mortgage Capital Trading (MCT), recently released bid documents for two separate MSR offerings involving loan portfolios valued at $1.85 billion in total.

Marketing 421
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Luxury Real Estate Headlines: Second 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. Beverly Hills, California | Barry Peele, Sotheby’s International Realty – Beverly Hills Brokerage. A gated Beverly Hills, California, mansion owned by celebrity couple Sofia Vergara and Joe Manganiello came on the market Wednesday asking $19.6 million.

Land 106
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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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Canadian mortgage brokerage takes Rocket Mortgage name

Housing Wire

Rocket Companies ‘ subsidiary Edison Financial will rebrand as Rocket Mortgage next month in Canada, a market with more than $760 billion (CAD) in mortgage originations annually. Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm.

Brokerage 410
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Zillow Local Forecasts

BubbleInfo

The latest Zillow 1-Year Forecasted Values are still expecting a fairly strong appreciation rate over the next year. In May, they were guessing +19% or more in all areas, so this looks like a soft landing: NW Carlsbad, 92008: SE Carlsbad, 92009: NE Carlsbad, 92010: SW Carlsbad, 92011: Carmel Valley, 92130: Del Mar, 92014: Encinitas, […].

Land 105

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This Week: Buffalo’s Best Real Estate Pro(s)

Realty Biz

Over the past several weeks, RealtyBizNews has been scouring the digital realm to find America’s best real estate pros. We’ve used a variety of tools to try and narrow down choices, including lead-generating sites like HomeLight, Zillow, and Google, combined with analysis of things like SEO and media/marketing prowess. Just as we figured we were homing in on a truly objective ranking system, we hit a snag in Buffalo, NY.

Agents 98
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HW+ Member Spotlight: Brian Gubernick

Housing Wire

This week’s HW+ member spotlight features Brian Gubernick, chief real estate officer at Homeward. He has more than 15 years of industry experience, holding multiple positions in the industry including being an investor, team owner/leader, brokerage operating partner, coach and trainer and corporate executive. Below, Gubernick answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why?

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A Bed Stuy Brownstone With Handsome Mantels and Three Others to See, Starting at $659K

Brownstoner

Our picks for open houses to check out this weekend are found in Bed Stuy, Marine Park and East Flatbush. They range in price from $2.15 million to $659,000. In Bed Stuy's Stuyvesant Heights Historic District, a grand corner Italianate built in the early 1870s has its original newel post and… Read More > The post A Bed Stuy Brownstone With Handsome Mantels and Three Others to See, Starting at $659K appeared first on Brownstoner.

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Quickly Get Out of a Real Estate Career Rut

Agent Fire

Every real estate agent encounters a career speedbump once in a while. The important part is taking the right steps to get out of a rut - not get stuck there. Quickly Get Out of a Real Estate Career Rut is just one of many great real estate strategies on The Spark.

Agents 78
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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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Daily Links: Poetry Workshop Replaces Area Yoga in Brooklyn Heights Brownstone Parlor

Brownstoner

In the News He Wanted a New Condo for Less Than $1 Million. These Were His Options [NYT] Phoebe Robinson Is Trash, and She’s Fine With It [NYT] Brooklynite Katy Tur, Award-Winning Writer, Tells Her Own Story [Eagle] Greenlight Bookstore’s Where’s Waldo Hunt Is Back Through July 31 [BK Paper] On a Bushwick Warehouse, Oscar… Read More > The post Daily Links: Poetry Workshop Replaces Area Yoga in Brooklyn Heights Brownstone Parlor appeared first on Brownstoner.

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Google Alerts but for Reddit – monitor for leads or brand mentions

The American Genius for Real Estate

Google Alerts were once enough, but Reddit alerts can also be tremendously beneficial - this startup is now in beta to do just that. The post Google Alerts but for Reddit – monitor for leads or brand mentions appeared first on The American Genius Real Estate.

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A Newburgh Italianate With Curb Appeal and Studio Space, Yours for $800K

Brownstoner

In the architecturally rich city of Newburgh, this circa 1860s brick dwelling certainly has curb appeal, a spacious interior and comes with the bonus of a separate studio space. The house on the market is located at 225 Montgomery Street and the scenic street is home to many a picturesque… Read More > The post A Newburgh Italianate With Curb Appeal and Studio Space, Yours for $800K appeared first on Brownstoner.

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Webinar Recap: How To Creatively Advertise Your Listings In-Person And Digital

RISMedia

By Devin Meenan RISMedia’s latest Webinar–“Creative Marketing Ideas to Move Your Listings Faster”–moderator Anthony Lamacchia, broker/owner and CEO of the Lamacchia Companies, led a discussion on how to effectively and creatively reach clients. Panelists were Amanda Pflieger, director of demand generation at Curbio; Chad Grey, an agent with the Fort Lauderdale, Florida branch of Compass; […].

Agents 91
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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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Hunting for Headland House: The modern coastal mansion from ‘The Invisible Man’

Fancy Pants Homes

A couple of years ago, after reading countless rave reviews , I headed to my local movie theatre to watch The Invisible Man starring Elizabeth Moss (The Handmaid’s Tale, Mad Men) and Oliver Jackson-Cohen ( The Haunting Of Hill House , The Lost Daughter). Within seconds, literally seconds, I was completely and utterly captivated. In all my years of watching movies, and I’ve seen a lot of movies, I don’t think I’ve ever seen anything quite as staggering, as wonderfully creative, or as instantly un

As-is 59
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Brooklyn Pols Threaten Pacific Park Developer With $10 Million Fine Over ‘Broken’ Promise

Brownstoner

Brooklyn pols and advocates are urging the state to collect on a $10 million debt they claim is owed by Greenland Forest City Partners, the developer of Pacific Park, over a missing “urban room” community space promised as part of the massive Brooklyn real estate development. Elected officials repping the brownstone… Read More > The post Brooklyn Pols Threaten Pacific Park Developer With $10 Million Fine Over ‘Broken’ Promise appeared first on Brownstoner.

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One of Europe’s finest modern homes: $23M Villa Vela in Andalusia, Spain is a destination in itself

Fancy Pants Homes

If you haven’t had a chance to book your summer vacation just yet, join us on a quick trip. The destination is the sun-bathed province of Andalusia, Spain , where a striking $23 million contemporary villa built in 2020 has recently hit the market. Gideon Lang-Laddie of The Agency holds the listing. Dubbed Villa Vela, the sprawling 23,476-square-foot property pairs contemporary design with an endless list of amenities that make it a dreamy destination in itself.

Design 59
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Change the script you’re using with buyers and sellers

Real Trends

The situation in today’s housing market is consistent with that of the previous two years: a lower inventory of houses available for sale than the demand. There is talk that “the bubble is coming” but this is doubtful at the present time. In fact, experts and think tanks such as Fannie Mae are predicting another rise in housing costs of at least 4 to 5% this year.

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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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5 Things to Avoid When Buying an Investment Property

Mashvisor

When done well, real estate can be one of the most secure investments available. Buying an investment property is an exciting prospect.

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‘Together @ AppFolio’: Our Approach to Workspace and Collaboration

App Folio

More than 15 years of transforming the real estate industry and serving our unique customer base has taught our team.

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Leucadia $4,000,000

BubbleInfo

Every seller west of the 5 is going to expect $4-something now:

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Opinion: Trusting your data is key to taming origination costs

Housing Wire

One statistic in the Mortgage Bankers Association ’s latest quarterly Mortgage Bankers Performance Report sticks out for all of the wrong reasons. In the first quarter of 2022, the average cost to originate a mortgage for an independent mortgage bank was more than $10,000 per loan, rising for the seventh consecutive quarter and breaking previous report records. .

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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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16 Must Watch Real Estate Shows In 2022

Lab Coat Agents

Are you looking for real estate shows that you can binge-watch? Check out our updated list of the most popular real estate reality tv shows. We recently took a poll within our Facebook group , so if you are looking for additional recommendations, check out the conversation here. 1. The World’s Most Extraordinary Homes. Even though we included this show in our last Netflix show recommendation list , we’ve included it again since it’s such a popular show.

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Team leader Amy Stockberger on her lifetime lead strategy

Real Trends

Amy Stockberger believes that her eponymous “teamerage” and the agents who hang their license with her, should be there for their customers throughout their entire homeownership experience. She calls it her lifetime lead strategy. “We are [customer] focused,” she said. “There are so many seasons of homeownership and our [customers], who know and like us, want our opinions on different parts of that experience.

Agents 52
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Worst Housing Markets of 2022

Marco Santarelli

Smart Asset released its list of the worst housing markets for growth and stability. Topping the list was Flint, Michigan where the glut of inventory continues to linger leading to the chance of home price decline. Smart Asset analyzed house value data from 400 metropolitan regions across the United States. They examined data from every quarter from the first quarter of 1997 until the fourth quarter of 2021.

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Should I Rent or Should I Buy? [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save.

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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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Slowdown in Single-Family Permits in May 2022

Eye on Housing

Over the first five months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 473,997. On a year-over-year (YoY) basis, this is a 2.0% decline over the May 2021 level of 483,878. Year-to-date ending in May, single-family permits declined in three out of the four regions. The South posted a moderate increase of 1.0% while the.