Thu.Feb 17, 2022

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How to Build Trust with Your Affluent Clients

RIS Media

Choosing a real estate professional is a significant decision for almost any buyer or seller. In the luxury home listing market, where the stakes are highest, a real estate professional’s reputation is crucial to attracting the best clients and listings in the luxury home listing market. This is why building trust with your high-end client base is so important—you can showcase your skills and talents while opening doors to future listings for years to come.

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Mortgage rates jump to 3.92% amid high inflation

Housing Wire

The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. 17, up 23 basis points from the previous week. It’s the highest level since May 2019, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.81%. The PMMS report is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.

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4 Simple Graphs Showing Why This Is Not a Housing Bubble

Keeping Current Matters

A recent survey revealed that many consumers believe there’s a housing bubble beginning to form.

Marketing 250
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Finance of America CEO Patti Cook announces retirement

Housing Wire

Multichannel lender Finance of America (FOA) announced Thursday its chief executive officer, Patti Cook , will retire as soon as the company finds a successor. Cook will remain on the board of directors until the annual meeting of stockholders. “I will continue to lead FOA until my successor is found, who will drive the execution of the long-term growth strategy we’ve laid out for the company,” she said in a statement.

Finance 376
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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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Mood Board | Stay Cozy in Cold Weather

Sotheby's International Real Estate

Aspen, Colorado | Matt Holstein, Aspen Snowmass Sotheby’s International Realty. The antidote to chilly winter weather? Slow activities like curling up indoors and staying warm by a fireplace, or taking a long, luxurious bath. There are also design elements that can help create cozy surroundings to provide maximum comfort when temperatures drop.

Design 122
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Private-label market pushes back the pandemic blues

Housing Wire

The performance of loan pools backing private-label securitization deals has continued to improve across most measurement metrics through the end of January after hitting a low point in mid-2020 at the height of the pandemic. The most recent RMBS Credit Indices report from the Kroll Bond Rating Agency (KBRA) shows that loan pools supporting outstanding private-label residential mortgage-backed securities issuances overall are performing relatively well to date in both the prime and nonprime mark

Marketing 370

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Fairway delivers service dogs to veterans?

Housing Wire

Fairway Independent Mortgage Corporation , Fairway Wholesale Lending and the American Warrior Initiative (AWI) wrapped up last year by granting 16 service dogs to 16 veterans in a timespan of less than one hour. The presentations were part of the American Warrior Initiative’s mission to bridge the military-civilian divide by bringing awareness to civilians all over this country of the challenges facing service members and helping service members to know that there are people who do care.

Lending 369
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Red Hook Art Gallery Nears Finish Line as Owner Expands Tribeca Ped to Brownsville and Beyond

Brownstoner

A visit to an unusual new building going up in Red Hook shows the event space, art gallery and bar envisioned by its owner and Tribeca Pediatrics founder Michel Cohen is coming along nicely. The exterior of 202 Conover Street, aka Project Genesis, appears finished -- and a fair amount… Read More > The post Red Hook Art Gallery Nears Finish Line as Owner Expands Tribeca Ped to Brownsville and Beyond appeared first on Brownstoner.

As-is 105
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Spruce’s Tess Bettenay on the untapped potential in real estate tech

Housing Wire

The HousingWire award spotlight series highlights the individuals who have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Rising Stars award are now open through Friday, February 25, 2022. Click here to nominate someone you know — it can even be you! As more consumers look at the innovations and streamlined experiences in other industries, they are pushing lenders and real estate companies to adopt digital-buying experiences, expecting the same level of digitiz

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Why Hire Jim to Sell Your Home

BubbleInfo

This is the house I featured here when it went on the market on January 12th. It was a little early for the usual selling season but the market has been so hot over the last three months that we dove right in. The numbers: Model-match sale across the street in May: $1,450,000 (the list […].

Sales 105
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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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LoanDepot’s Anthony Hsieh puts his money where his mouth is

Housing Wire

Anthony Hsieh, the CEO and founder of loanDepot, has the tricky task of trying to convince analysts and investors that the mortgage lender will gain market share and remain profitable in arguably the most competitive mortgage market ever. To demonstrate that he genuinely believes loanDepot will prevail, loanDepot’s founder and largest shareholder is putting his money where his mouth is.

Investor 277
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Predators using ‘quiet title’ laws to seize people’s homes in the Midwest

Realty Biz

Opportunists are believed to be exploiting a little-known “quiet title” laws in Iowa and other states in the Midwest to seize control of people’s homes and sell them without their knowledge. Worse still, they’re mostly targeting immigrants who are unlikely to know how the laws work. Iowa Public Radio reported on the case Natalia Esteban, a 72-year-old immigrant, originally from Mexico.

Title 101
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The Insider: Tiny Cobble Hill Mews House Gets Elegant High-End Treatment in Major Overhaul

Brownstoner

Just because a house is tiny doesn't mean it can't be elegant, as this shipshape, 11-foot-wide townhouse shows. The historic three-story mews house was selectively gutted and completely transformed, with both solo living and entertaining in mind, by Gowanus-based Elizabeth Roberts Architects (ERA) into a pied-a-terre for a California professional who… Read More > The post The Insider: Tiny Cobble Hill Mews House Gets Elegant High-End Treatment in Major Overhaul appeared first on Browns

As-is 105
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Single-Family Built-for-Rent Growth in 2021

Eye on Housing

The number of single-family built-for-rent (SFBFR) construction starts increased almost 16% in 2021, after a record-breaking third quarter for production. The SFBFR market is a way to add inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period when a growing number of people want more space and a single-family structure.

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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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Anticipating Consumer Needs: The Hyperlocal Way

RIS Media

Hyperlocal means different things to different people. To agents, most often, it means a neighborhood or region they farm. Heck, some agents claim to be the hyperlocal expert for an entire metro area. But, to the real experts, getting hyperlocal means gathering and sharing genuine community insights on a micro scale—down to the street level. This is the new consumer expectation.

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Britney Spears’ Star-Studded Former Penthouse in Manhattan is Up for Grabs

Fancy Pants Homes

A glamorous four-level penthouse with a long list of former celebrity residents is now on the market. Most famously known as pop star Britney Spears’ former home in New York, the penthouse has attracted some of the biggest names in the music industry. Cher lived here in the ’80s, then passed on her posh pad to Def Jam Recordings co-founder Russell Simmons.

Land 98
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Growing in Spite of Market Challenges

RIS Media

Rick Musto. Managing Broker/Owner/REALTOR®. HomeSmart Realty Partners. Roswell, Georgia, and Pensacola, Florida. [link]. Region served: Southeast Atlanta Metro Area and Pensacola, Florida. Years in real estate: 17. Number of offices: 4. Number of agents: 170. Most valuable real estate tool: Collaborative training. Since partnering with HomeSmart, all of my agents are now able to participate in training with other HomeSmart agents nationally.

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Will inflation and rising rates cause a housing market crash?

The Mortgage Report

With inflation pushing mortgage rates and home price growth up in 2022, some wonder if we will see another housing market crash.

Marketing 115
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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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Resourceful Strategies to Generate More Listings in Any Market

RIS Media

Every top agent is a top listing agent. Generating and attracting new listing clients is not as hard as it appears. Getting your agents focused on new and resourceful methods to generate more listings is truly the answer to more listing inventory, more sales and ultimately more income and success. We have always had years of lower-than-normal listing inventory.

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Roomy Clinton Hill Prewar With Dishwasher, Flex Space Wants $3,400 a Month

Brownstoner

In a 1930 brick co-op in the Clinton Hill Historic District, this one-bedroom, one-bathroom rental displays nearly pristine surfaces in a large footprint. The unit on the second floor of 451 Clinton Avenue is so big, in fact, a small family highly motivated to live in the neighborhood could conceivably… Read More > The post Roomy Clinton Hill Prewar With Dishwasher, Flex Space Wants $3,400 a Month appeared first on Brownstoner.

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Latest Acquisition Extends Howard Hanna | Rand Realty Reach in New Jersey

RIS Media

Hanna Family of Companies is ramping up for growth in the New Jersey market with the announced Howard Hanna | Rand Realty acquisition of Striker Realty, which includes three offices in Linden, Livingston and Rahway, New Jersey. Founded 20 years ago by Thomas J. Borowski, Striker Realty serves a diverse variety of residential and commercial properties, including luxury mansions, condominiums, rental properties and new developments.

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Real Estate CRM? Pipedrive May Help Boost Revenue by 20%

Realty Biz

Real estate CRM is essential to improve productivity and nurture relationships with your customers. Pipedrive does the job, it’s free to try and quite affordable for its essential features. The Pipedrive real estate CRM is an elegant solution to nurture relationships with your clientele and boost revenue while keeping track of all your deals on the go.

Sales 89
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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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32% of Black Homeowners Say Their Home Was Unfairly Appraised in New Report

RIS Media

Black Americans frequently face challenges achieving homeownership, even in areas with large Black populations, according to a recent report from LendingTree. Those fortunate enough to overcome the financial hurdles of homeownership may face a different obstacle: appraisal discrimination. In its latest report, LendingTree surveyed 2,100 consumers and asked about their home appraisal experiences.

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It’s Difficult to Prioritize Empathy When Managing At Scale. Here’s What You Can Do.

App Folio

Property management is typically thought of as the operations that ensure real estate is maintained, both physically and financially. While.

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Realogy Names Melissa McSherry Chief Operating Officer

RIS Media

Realogy Holdings Corp. has announced the appointment of Melissa McSherry as chief operating officer (COO), effective February 22, 2022. Reporting to Realogy President and Chief Executive Officer, Ryan Schneider, McSherry will serve as a member of the company’s executive leadership team, driving product, technology, enterprise marketing, and customer experience.

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Video Your Way: 5 Options to Generate More Business with Video… on Your Terms!

Tom Ferry

Unless this blog is your first exposure to me, I’m pretty sure you know my feelings about video. We’re living in a video-first marketing environment… …yet many agents are still afraid to step in front of the camera. Those who have adopted video are building rapport with their audiences and naturally attracting new business. Meanwhile, […].

Agents 89
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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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Berkshire Hathaway HomeServices Florida Network Realty to Host ‘Mega Open House Weekend’

RIS Media

Berkshire Hathaway HomeServices Florida Network Realty has announced its popular “Mega Open House Weekend” will return on Saturday and Sunday, March 5-6, 2022. The event offers dozens of open house viewings of the company’s listings of available homes, the company says, and the listings encompass homes in a wide range of prices, styles and neighborhoods throughout Northeast Florida.

Sales 98
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Mortgage and refinance rates today, Feb. 17, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. And it was lovely to be able to type that after so long. But the fall was as small […].

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zavvie Reveals new iBuyer and Power Buyer Report

RIS Media

Despite one of the most robust seller markets in real estate on record, with homes selling “faster than you ever thought possible,” iBuyers registered a breakout year in 2021, increasing business fivefold year-over-year according to a new report from zavvie. The market conditions from October through December, coupled with record-low inventory, presented a challenge for iBuyers, whose value proposition is speed, certainty, and convenience to home sellers.

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Feel at Home: How to Make Your Tenants Comfortable

Realty Biz

You want to be an awesome landlord. You want your tenants to love living in your properties so much that they don’t even consider moving out. One of the most important aspects of being an awesome, successful landlord (and keeping your tenants happy), is making sure that their homes are comfortable. Housing standards vary across regions and climates, so what makes a home comfortable in one area may not be enough in another.

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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.