Mon.Feb 28, 2022

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What happens if mortgage rates rise after you get preapproved?

The Mortgage Report

Learn how rising mortgage rates affect your preapproval, your home buying budget, and your loan process.

Mortgages 111
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Despite 3-month slump, pending home sales look just right

Housing Wire

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. Even though the recent existing-home sales data has been outperforming my expectations , the pending home sales data to me looks more in line with my expectations for 2022. From NAR : “Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reported.

Sales 404
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Millennials: Do You Need a Home with More Space?

Keeping Current Matters

If you’re a millennial, homebuying might be top of mind for you.

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An inside look at local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Annapolis, Maryland. Annapolis lies right on the Chesapeake Bay and is within commuting distance to both Baltimore and Washington, D.C.

Marketing 393
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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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Ellen DeGeneres Buys Breathtaking Montecito Villa for $21 Million

Fancy Pants Homes

Prolific property flipper Ellen DeGeneres just added another striking Montecito mansion to her real estate portfolio. According to Dirt.com , the talk show host spent a whopping $21 million to acquire Villa Tragara, a Moorish-style estate with Spanish and Italianate influences built by TV commercials director Kinka Usher. And if you think that’s a hefty price to pay, know that the villa was initially listed for $35 million.

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Why the phrase ‘starter home’ is overrated and overused

The American Genius for Real Estate

(HOMEOWNERSHIP) You see the term in the MLS for fixer uppers, you hear it when Realtors are working with first time buyers. But the term "starter home" shouldn't be in anyone's vocabulary. Here's why. The post Why the phrase ‘starter home’ is overrated and overused appeared first on The American Genius Real Estate.

MLS 119
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A look at key mortgage claims challenges servicers are facing

Housing Wire

Housing Wire recently sat down with Newbold Advisors Partner Robert Simpson to learn more mortgage claims in today’s servicing climate. HousingWire: What are some key challenges servicers are currently facing regarding mortgage claims? Robert Simpson: This is a pivotal moment for mortgage servicers. The pandemic has brought to the surface the glaring inefficiencies – limited trained staff, multiple claims systems, inefficient manual processes – and (unnecessary) financial costs that have p

Mortgages 391
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Inventory Watch

BubbleInfo

Tomorrow is March! How did the inventory do in the first two months of 2022? NSDCC Number of New Listings, Jan 1 to Feb 28 (% priced over $2M): 2019: 779 (34%) 2020: 706 (40%) 2021: 602 (47%) 2022: 389 (67%) There will be a few more added to this year’s count to get it […].

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Pennymac deepens commitment to wholesale partners in 2022

Housing Wire

The mortgage industry headed into 2022 after a strong showing in back-to-back years. Interest rates were at or near historical lows, home prices showed strong appreciation and market participants set volume and profitability records. 2022 still holds great opportunity for the industry but it also signals a pivot point. Pennymac has long served as one of the mortgage industry’s leading partners.

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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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Mortgage and refinance rates today, Feb. 28, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched higher last Friday. And February has been an outstandingly terrible month for them. But they may catch a break on the […].

Mortgages 105
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Black Knight’s Surefire CRM and Mortgage Marketing Engine makes marketing and messaging fast and simple

Housing Wire

Maintaining and deepening relationships with borrowers is important for lenders, but it takes valuable time away from other business efforts for mortgage organizations. Additionally, creating compelling content on a regular basis and maintaining separate systems or tools for its dispersal is stressful, cumbersome and time-consuming. Mortgage professionals need a solution that gives them total insight across the customer life cycle and that can offer multiple functionalities that keep them top of

Marketing 378
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Significant Sales: January 2022 Highlights

Sotheby's International Real Estate

From a US$84M sale in East Hampton, New York to the record-breaking sale of a EUR€5.5M home in Curaçao, here are the brand’s significant sales highlights from January 2022. East Hampton, New York. Harald Grant | Sotheby’s International Realty – Southampton Brokerage, $84,500,000. Miami Beach, Florida. Mirce Curkoski & Albert Justo | ONE Sotheby’s International Realty, $38,500,000.

Sales 99
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Mortgage marketing solutions

Housing Wire

In today’s purchase-heavy market, lenders must shift their priorities to increasing sales volume and standing out among the competition. Lenders are also focused on providing a positive customer experience to boost borrower retention. The two companies featured in this section offer tools to support lenders in their marketing efforts. These solutions enable lenders to provide excellent customer service and stay in contact with borrowers long after the loan has closed.

Mortgages 377
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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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Winfield Hall, the Historic Woolworth Mansion in Glen Cove, Sells for $8.25M

Fancy Pants Homes

One of the historic grand mansions on Long Island’s Gold Coast has recently found new owners, more than a century after it was first built. Winfield Hall, most commonly known as the Woolworth Mansion — after its famous initial owner, five-and-dime stores founder Frank Woolworth — sold for $8.25 million, a hefty amount that doesn’t necessarily reflect the many merits of the historic property. “I’ve never seen anything like this in 31 years of working in real es

As-is 98
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HousingWire Magazine: March 2022

Housing Wire

Brena Nath HW+ Managing Editor. Innovation and disruption are two words that you see time and time again when it comes to the housing industry. In 2013 when I first joined HousingWire, conversations focused a lot on how antiquated and behind the housing sector is compared to any other business sector. I’d say this concept hasn’t been true for a while now though.

Mortgages 341
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Apartment Absorption Continued to Soar while Condo Absorption Flat

Eye on Housing

Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the third quarter of 2021 due to strong demand and low vacancy rates. The absorption rate of unfurnished, unsubsidized apartments (the share rented out in the first three months following completion) surged by 25 percentage points to.

Marketing 107
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Corcoran Global Living Welcomes Thrive Real Estate in San Francisco Bay Area Expansion

RIS Media

Corcoran Global Living has acquired San Francisco Bay Area-based Thrive Real Estate, the company has announced. With this latest alliance, Corcoran Global Living has added 250 real estate associates and five new offices in San Francisco, San Mateo and Santa Clara counties. The company now has 2,800 independent sales associates in total across more than 80 offices serving markets throughout California, Nevada and Ohio, the company stated. “It’s exciting to welcome such a powerhouse group in

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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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Park Slope’s Grand Prospect Hall Is Gone, Dashing Preservation Dreams

Brownstoner

Gutted! The iconic Grand Prospect Hall has been completely demolished, bringing down with it the dreams of many Brooklynites as new residential units are set to go up in its place. The century-old banquet hall on Prospect Avenue in Park Slope was on the National Register (listed in 1999), having played host… Read More > The post Park Slope’s Grand Prospect Hall Is Gone, Dashing Preservation Dreams appeared first on Brownstoner.

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I Feel Burnt Out. What Now?

RIS Media

We’ve all been in that position of feeling burnt out—feelings of not wanting to go to work, higher stress levels, no motivation, unhappy at home, no work-life balance, easily irritable and the list goes on. How do we get here and how do we overcome feelings of burnout? Real estate agents work with many people in a demanding industry, so it’s common that we take on the stresses of our clients, family, and friends.

Finance 98
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Estate Condition Clinton Hill Brownstone With Pier Mirror, Seven Mantels Asks $3.5 Million

Brownstoner

Presumably the original owner, the proprietor of a house and decorative painting concern, might look askance at the white walls, but this 1870s brownstone has enough of the original details that he surely would recognize it. In the Clinton Hill Historic District, the Italianate at 414 Grand Avenue is in… Read More > The post Estate Condition Clinton Hill Brownstone With Pier Mirror, Seven Mantels Asks $3.5 Million appeared first on Brownstoner.

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Cities Should Study Black History Before Spending Federal Infrastructure Funds

RIS Media

Editor’s Note: The following article is from the Policy & Legal Matters column in the February issue of RISMedia’s Real Estate magazine. State and local governments will soon receive an influx of federal cash from the $1.2 trillion bipartisan infrastructure bill, signed into law in November 2021. The largest federal public works legislation in over half a century, the bill touches every sector of infrastructure.

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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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Marie Gayo Named Executive Vice President Mid-Atlantic Region Of Coldwell Banker Realty

Coldwell Banker

Gayo will oversee sales and operations of the Coldwell Banker Realty branded companies in New Jersey and Rockland County, New York, Philadelphia, central Pennsylvania, Baltimore, Washington, D.C., northern Virginia and the Maryland and Delaware beaches. The post Marie Gayo Named Executive Vice President Mid-Atlantic Region Of Coldwell Banker Realty appeared first on Coldwell Banker Blue Matter.

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Multifamily Construction Sentiment Ends Fourth Quarter on Positive Note

RIS Media

Confidence in the market for new multifamily housing improved in the fourth quarter of 2021, according to results from the Multifamily Market Survey (MMS) released last week by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) increased one point to 54 compared to the previous quarter while Multifamily Occupancy Index (MOI) decreased six points to 69, according to a release.

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Get a Look at Some Archival Gems With a New Center for Brooklyn History Online Program Series

Brownstoner

It was 125 years ago that the Brooklyn Public Library first started serving patrons, and in celebration of the major milestone, the Center for Brooklyn History is launching a new series of programs that will dig deep into their extensive collection and reflect the borough's history. The virtual "Out of the… Read More > The post Get a Look at Some Archival Gems With a New Center for Brooklyn History Online Program Series appeared first on Brownstoner.

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Broker Confidence Continues to Slide in a Tumultuous February

RIS Media

The inventory crunch in residential real estate has become palpable among brokers, according to RISMedia’s February Broker Confidence Index (BCI) survey results. And it’s starting to take its toll on the sentiment of real estate professionals. The monthly survey asks more than 3,000 of the nation’s top brokers how confident they are in the residential real estate market, and in February, the BCI fell for the second straight month to 7.5 (scale of 1-10).

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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.