Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator in Denver back in the very beginning. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Ass

Marketing 523

Marketing Loans Mortgages Industrial 523

Keeping Current Matters

DECEMBER 5, 2022

There’s no denying mortgage rates are higher now than they were last year.

Marketing 257

Marketing Mortgages 257

Housing Wire

DECEMBER 5, 2022

Brian Covey, a high-profile vice president at loanDepot, is leaving the company after five years to join Revolution Mortgage , another direct-to-consumer retail mortgage lender which was founded in 2018. Covey, who announced the change Monday via a LinkedIn post , joined loanDepot in 2018 and led the sales teams in Tennessee, Alabama, Mississippi and Louisiana, recruiting and training more than 200 sales and operations team members.

Mortgages 418

Mortgages Industrial Sales Development 418

Maximum Exposure Real Estate

DECEMBER 5, 2022

Tips to Get The Best Mortgage Rate Do you want to know how to get the best mortgage rate for an upcoming home purchase? Getting the best rate on your mortgage is a significant concern for any home buyer. Everyone wants to get the lowest mortgage interest rate possible! When you consider that only a […]. The post How to Get The Best Mortgage Rate appeared first on Maximum Real Estate Exposure.

Mortgages 145

Mortgages 145

Advertisement

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.

Development

Housing Wire

DECEMBER 5, 2022

Early this month, California fintech Achieve announced the closing of its first AAA-rated securitization backed by $175 million in home equity lines of credit. The securitization — which is the process of bundling mortgages into a pool and selling shares of the pool as bonds — consists of three classes of rated notes, which are backed by about 3,300 HELOCs originated by its affiliate Achieve Loans , formerly known as Lendage , the fintech company said in a release.

Closing 417

Closing Equity Loans Mortgages 417

Eye on Housing

DECEMBER 5, 2022

In November of 2022, 36 percent of single-family home builders reported reducing their prices, and 59 percent were offering special sales incentives. These percentages may seem relatively high—and in fact they have increased significantly since July of this year—but they are nowhere near as high as they were during the 2007-2008 financial crisis. Questions on sales incentives have been a.

Sales 140

Sales Construction 140

Realty Biz

DECEMBER 5, 2022

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. With bidding wars being the norm and not the exception, many buyers were waiving their inspection to strengthen their offer. Things are starting to change in many real estate markets around the country.

Inspection 138

Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 138

Housing Wire

DECEMBER 5, 2022

Everyone recognizes the importance of data when it comes to understanding the customer, but the real question is how to deploy it. Recently as the real estate industry has shifted from a buyer’s market to a seller’s market, it’s become paramount for Realtors to continually meet their clients at critical life touchpoints to extend the longevity of that relationship.

Property Management 367

Property Management Industrial As-is Agents 367

Real Trends

DECEMBER 5, 2022

“A lot of agents hire a social media professional to ‘do social media for them.’ I think that is a mistake,” says Katie Lance , CEO and Founder of Katie Lance Consulting. Lance specializes in social media marketing and content strategy for real estate and mortgage companies, and is the author of “Get Social Smart.” . “Social media is social — it’s like a dinner party!

Marketing 119

Marketing Agents Development As-is 119

Fancy Pants Homes

DECEMBER 5, 2022

In the luxury real estate industry, there’s this quiet segment of the market that generates significant profits but that doesn’t often hold headlines. Ultra-luxurious rentals – properties worth seven or eight figures, depending on the region – are rented out for tens of thousands of dollars, bringing in a steady revenue stream for well-off owners that don’t occupy the property, allowing them to capitalize on their million-dollar assets.

Inspection 111

Inspection Agents As-is Brokerage 111

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.

Industrial

Realtor.com

DECEMBER 5, 2022

Getty Images Buyer’s remorse comes in many forms. In the aftermath of the most recent real estate rush, many homebuyers who were willing to compromise their priorities are now wishing they hadn’t been so lax about things like their down payment budget or paying way over the asking price. And a recent study found that 1 in 4 first-time homebuyers who purchased a home in 2021 and 2022 regrets buying a property that needs too much maintenance.

Principal 109

Principal Design As-is Renovation 109

Sotheby's International Real Estate

DECEMBER 5, 2022

From a waterfront home in Miami, Florida, to a grand hacienda in Sevilla, Spain, these are this month’s four featured notable properties for sale over $10 million. Newport, Rhode Island. David Huberman | Gustave White Sotheby’s International Realty. With a panoramic view of the maritime approach to Stockholm, this magnificent property is situated in a protected location on a south-facing slope.

Sales 106

Sales Residential 106

Realtor.com

DECEMBER 5, 2022

ViktorCap/iStock Also called “demand-type” or “instantaneous water heaters,” tankless water heaters deliver warm water only when you want it. Conventional water heaters, on the other hand, perpetually heat water whether you need it or not. Traditional hot water tanks use electricity or gas to heat and store hot water until that magic moment you decide to take a shower or wash your dishes.

As-is 105

As-is Industrial 105

Mandrona Group

DECEMBER 5, 2022

“An Edmonds Kind of Day” While trying to search for an Edmonds neighborhood map the other day I could not. Read More.

105

105

Advertisement

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.

Brokerage

Coldwell Banker

DECEMBER 5, 2022

Strength of the U.S. dollar and rising costs of living have U.S. affluent buyers looking abroad for their dream home, according to new Coldwell Banker Global Luxury data. The post Wealthy Americans Dream of Home Overseas appeared first on Coldwell Banker Blue Matter.

104

104

Lighter Side of Real Estate

DECEMBER 5, 2022

Selling a house isn’t something most people do on a regular basis, so it’s easy to make mistakes that can cost you time and money. While your real estate agent will be able to guide you through the entire process and help you avoid those mistakes, it helps if you come into the process and relationship with your agent knowing a thing or two. Here are 14 real estate tip memes to help you gain some valuable insight ahead of time, and help you sell your house quickly and for top dollar!

Agents 104

Agents 104

Better Dwelling

DECEMBER 5, 2022

The Great Canadian Real Estate Slowdown is set to continue into the future. Statistics Canada (Stat Can) data shows the value of building permits fell in October. The drop in permits shows less building activity is planned, especially for residential building. It sounds like bad news, but it might not be. Falling land and building […]. The post Canadian Building Permits Fall As Developers Plan 5% Fewer Units appeared first on Better Dwelling.

Development 100

Development Land Residential As-is 100

Brownstoner

DECEMBER 5, 2022

Even in a neighborhood filled with architectural beauties, this Prospect Park South standalone catches the eye with its fine Colonial Revival details and pleasing proportions. In the same family hands since the 1960s, 144 Westminster Road has seen some interior changes over the decades, but there are still some period… Read More > The post Prospect Park South Colonial Revival With Wood Burning Fireplace, Garage Asks $3.295 Million appeared first on Brownstoner.

Marketing 98

Marketing 98

Advertisement

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.

Agents

Realtor.com

DECEMBER 5, 2022

sshepard/iStock This is a question you might face when it comes time to sell your place. Basically, it means that before this transaction can go through, you’ll have to deal with this lien, which is placed on property by entities that claim you owe them money. Here’s everything you need to know about what happens when you have a lien on your house.

Title search 98

Title search Title Lending Sales 98

Brownstoner

DECEMBER 5, 2022

Editor’s note: This story originally ran in 2014 and has been updated. You can read the previous post here. Throughout Brooklyn’s history, a lot of things have come and gone, but one of the greatest losses has to be the Wallabout Market in the Brooklyn Navy Yard — at the site of today's… Read More > The post Food for Brooklyn: The Story of the Great Wallabout Market appeared first on Brownstoner.

Marketing 98

Marketing 98

Mandrona Group

DECEMBER 5, 2022

When you need to sell your home, your mind is often focused on where you are moving to and the. Read More.

97

97

Brownstoner

DECEMBER 5, 2022

Work continues on the foundation for a new 20-story mixed-use tower on the corner of Linden Street and Broadway in Bushwick, while the city's Landmarks Preservation Commission is looking into creating an historic district next door to the construction site. Behind the green construction fence at 1333 Broadway, workers were busy… Read More > The post Tower of 20 Stories to Go Up on Bushwick Corner as LPC Mulls Landmarking Neighboring Homes appeared first on Brownstoner.

Construction 98

Construction As-is Development 98

Advertisement

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.

Agents

BubbleInfo

DECEMBER 5, 2022

A few more articles like this should cause buyers to question whether pricing will get any better: Today, the Data & Analytics division of Black Knight released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and public records datasets. Despite home price corrections continuing in many markets nationwide driven by tight affordability and […].

Mortgages 97

Mortgages Industrial Marketing 97

Brownstoner

DECEMBER 5, 2022

In the News Woman Burned by Chemical Thrown in Face at PLG Subway Stop [NYT] She Found Serenity Again in Brooklyn, and a Place to Build a New Life [NYT] This Tiny Park Slope Restaurant Is the Toughest Reservation in NYC [NYP] Brooklyn Bus Network Plan Aims to End Decades of Slow Service [BP] Hochul… Read More > The post Daily Links: Brooklyn Bus Redesign Promises Speedier Service, Better Links to Queens appeared first on Brownstoner.

98

98

Realtor.com

DECEMBER 5, 2022

Photo-Illustration by Realtor.com / Getty Images (2) For those looking to sell their home, many have been forced to face the fact that they won’t get the price they’d dreamed of receiving anytime soon. To close sales, more sellers are dropping asking prices than at any point in the past few years. The portion of homes on the market with at least one markdown is now outpacing even pre-pandemic years.

Marketing 96

Marketing As-is Closing Sales 96

Real Trends

DECEMBER 5, 2022

To get into an agent’s circle, an LO has to be a good communicator, see problems before they manifest and communicate whether the news is good, bad or ugly, agents said. Becca Summers does not typically include Wells Fargo on the lender recommendation list she gives to clients. However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product.

Lending 95

Lending Agents Loan Officer Pre-approval 95

Advertisement

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.

Sales

Better Dwelling

DECEMBER 5, 2022

US home prices made lofty gains over the pandemic—a bigger run up than the one seen before the Great Recession. It’s going to be difficult to not see a significant chunk of those gains given back to the market, warned the Dallas Fed. Researchers from the US Federal Reserve branch warn severe recession is still […]. The post US Real Estate Prices Could Plunge 20%, “Severe” Recession Possible : Dallas Fed appeared first on Better Dwelling.

Marketing 94

Marketing 94

Point2Homes

DECEMBER 5, 2022

Today’s treacherous housing landscape has made home-seekers savvier when it comes to sifting through listings and determining which ones to focus their time, effort and money on. And, while the price and photos may be what draws them in initially, the full description of what a property has to offer can also play a decisive role for many. But, what are the most-used keywords to attract those in the market for a home?

Branding 94

Branding As-is Industrial Agents 94

Real Trends

DECEMBER 5, 2022

At the beginning of the year, interest rates were at an all-time low. It was a sellers’ market with buyers competing for homes that would sell for way above the asking rate. More recently, the Federal Reserve has raised interest rates to counter inflation. Although rates are still low, the increase has some buyers getting cold feet. The market has slowed considerably.

Pre-approval 94

Pre-approval Agents Mortgages Loans 94

Bigger Pockets

DECEMBER 5, 2022

Economists at Morgan Stanley have revised their housing forecast for the coming years downward, following on the heels of other firms that have adjusted their estimates of how far prices […].

Marketing 92

Marketing 92

Advertisement

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.

Brokerage