Realtor.com
NOVEMBER 17, 2022
Getty Images While buying any home is an expensive endeavor these days, buying a brand-new home—where everything is in pristine condition—will understandably cost a bit more. Recent data from the National Association of Home Builders and the U.S. Census Bureau found that the price for a newly built home currently hovers at a national median of $436,800.
Housing Wire
NOVEMBER 17, 2022
Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). According to industry leaders, the rule can force a sell-off wave, reduce values and put some lenders and services in a difficult spot. “That’s the ‘elephant in the room’ right now.
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Keeping Current Matters
NOVEMBER 17, 2022
If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you.
Housing Wire
NOVEMBER 17, 2022
Some lenders have experienced a spike in borrowers’ demand for mortgage loans following last week’s rate collapse due to softer inflation data. However, according to executives and loan officers, it’s too early to say that this marks a turning point in the shrinking mortgage market. To illustrate how fast mortgage rates have declined, the 30-year fixed rate decreased this week to an average of 6.61%, down from last week’s 7.08%, according to the latest purchase mortgage survey
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Better Dwelling
NOVEMBER 17, 2022
Canadian real estate is starting to see the first sign of stress from higher interest, and normalized demand. Canadian mortgage lenders are beginning to write off larger mortgages in Q3 2022—the largest in nearly a decade. Credit bureau data shows this isn’t a problem yet, as the share of mortgages written off continues to fall. […]. The post Canadian Mortgage Lenders See Larger Loan Losses, Average Value Soars 68% appeared first on Better Dwelling.
Housing Wire
NOVEMBER 17, 2022
Wisconsin-based mortgage lender Waterstone Mortgage Corporation appointed Chik Quintans its new director of digital marketing, the company announced Thursday. In his new role, Quintans will oversee the digital marketing strategy to advance Waterstone Mortgage’s online presence through social media campaigns and content creation, in collaboration with graphic designers and communications specialists.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 17, 2022
Jim Amorin, the CEO of the Appraisal Institute , on Thursday announced his resignation from the appraisal trade group. In a statement, the Appraisal Institute said Amorin’s five-year term will end effective Feb. 14, 2023. The organization said he is “moving on to pursue other opportunities.” The board of directors will begin a search for a new CEO immediately, the Appraisal Institute said in the statement.
BubbleInfo
NOVEMBER 17, 2022
The jumbo rate above is 6.1% at no points, which means you can get into the mid-to-high 5s with the buyers – or sellers – paying a point or two. I’m going to mention it in the description of the new listing. With the discounts already in place in some areas, and last week’s drop […].
Housing Wire
NOVEMBER 17, 2022
After two years of negotiations, California-based Carrington Mortgage Services has agreed to pay a $5.25 million penalty to the Consumer Financial Protection Bureau (CFPB) for ‘improper practices’ related to forbearance plans provided for homeowners during the Covid-19 pandemic, the parties announced on Thursday. “Carrington Mortgage unlawfully withheld legally mandated pandemic protections, wrongly imposed fees, and reported false information to credit reporting companies,R
Realty Biz
NOVEMBER 17, 2022
The Great Depression. The Wall Street crash in 1929. The September 11th attacks. Katrina. The recession. COVID-19. There are many examples of major global crises that have taken their toll on businesses. Several companies have also thrived because they were prepared to weather the storm and take advantage of the opportunities provided by the crisis.
Advertiser: Trellis
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.
Housing Wire
NOVEMBER 17, 2022
Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading, Inc. released a new marketplace for co-issue loan sales this week. Co-issue loan sales, also known as flow-based mortgage servicing rights sales, are three-way transactions involving the sale of loans to one of the agencies, with a simultaneous sale of the MSRs to a separate third party.
Realtor.com
NOVEMBER 17, 2022
Getty Images Winter brings major cold spells to many parts of the country, and frigid weather often puts your plumbing system at risk. When the mercury dips below 32 degrees Fahrenheit, uninsulated pipes can freeze and burst. Plus, those freezing temps mean your water heater is working extra hard to supply your home. That’s why it’s crucial to prepare your plumbing system for the season.
Housing Wire
NOVEMBER 17, 2022
FHA ’s Tuesday release of its MMIF Report showing that FHA continues to build its capital reserve ratio to 11.1% will no doubt add fuel to the public debate about whether FHA should cut premiums for the borrowers it serves. This debate comes at a time when mortgage rates have doubled since the beginning of the year, from around 3.5% to around 7%, giving new urgency to the need to keep mortgage fees down on all federal agency mortgage programs — not just FHA but also VA , Fannie Mae and Freddie M
Lab Coat Agents
NOVEMBER 17, 2022
As the way we buy and sell real estate changes, so must the strategies and tactics of real estate professionals. With the market ever-changing, 2023 promises to be full of new challenges and opportunities for agents who are ready to adapt in order to remain relevant and find listings in this industry. In this blog post, discover 5 must-haves every real estate agent needs to weather any market conditions and have consistent business for 2023. 1.
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Sotheby's International Real Estate
NOVEMBER 17, 2022
Some techno-futurists predict that we may one day spend most of our time connected to a “metaverse,” or upload our minds to the cloud to achieve a sort of digital immortality. Whether or not this is probable, or even possible, there’s no denying that a significant portion of our lives are now lived virtually. Beyond the relatively straightforward interfaces of social media—Instagram, TikTok, and the like—people are creating and sharing content in real time on platforms such as Twitch, while spea
Eye on Housing
NOVEMBER 17, 2022
Confidence in the market for new multifamily housing declined significantly in the third quarter of 2022, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) decreased 10 points to 32 compared to the previous quarter while the Multifamily Occupancy.
Realty Biz
NOVEMBER 17, 2022
To successfully sell your property, you must shift your mindset from being a homeowner to a businessperson. Focus on the property's strongest features and how to highlight them to potential buyers. If your home is not selling off the market despite your best efforts, consider reevaluating your open house and listing strategies. If a house has been on the market for so long, the owner may need help pinpointing the problem.
HomeLight
NOVEMBER 17, 2022
Achieving any level of success in real estate is challenging, but without the right strategy in place, the chances of having a profitable career are even more difficult. On a recent episode of The Walkthrough , author and former mega-agent Sean Moudry says that aligning your sales strategy with your personality type will hugely impact the prosperity of your business.
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.
Realtor.com
NOVEMBER 17, 2022
HGTV Jonathan and Drew Scott are accustomed to renovating homes to better suit their inhabitants on “ Property Brothers: Forever Home.” But in the latest episode, they must also ensure the house works for two dogs and a grand collection of guitars. In the episode “Rockin Reno,” the Scott brothers drive to Northridge, CA, where they meet Alex and Ginger , who have adopted two labs, Lily and Coda.
Bigger Pockets
NOVEMBER 17, 2022
Earlier in November, new Consumer Price Index (CPI) data was released, revealing that inflation had dropped on a year-over-year basis from 8.2% in September to 7.7% in October. This is welcomed news. […].
Realtor.com
NOVEMBER 17, 2022
MLS via Realtor.com A project that began as a way to help a loved one with diminishing vision evolved into a colorful love story—and tourist attraction. Now, the P.G. Butterfly House in Pacific Grove, CA , is for sale for the first time with a list price of $998,000. “The owners ( J and Sonja Jackson ) have had it since 1977. Sonja was slowly losing her eyesight, but she could see bright colors and contrast,” explains listing agent Arleen Hardenstein , with Sotheby’s International Realty.
Bigger Pockets
NOVEMBER 17, 2022
Knowing how to invest during a recession is what separates the good from the great investors. Most veteran real estate investors know that during downtimes, the lucky landlords get swept […].
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.
Notorious ROB
NOVEMBER 17, 2022
This will be, I think, relatively brief. Compass reported its Q3/2022 numbers and… well, it’s not good. That was expected since every real estate company had a bad quarter thanks to macro conditions. But it’s the future course of Compass that should concern us. To make a long story short, it seems to me that Compass is jettisoning everything that gave Compass a unique value proposition among brokerages.
Brownstoner
NOVEMBER 17, 2022
Among the glories of this upper triplex in a five-story Park Slope brownstone is an original bathroom with marble slabs and a striking stained glass window. There is also original woodwork, mantels, a laundry room and a second full bathroom. The unit is located at 865 President Street in the… Read More > The post Park Slope Brownstone Triplex With Mantels, Woodwork, Four Bedrooms Wants $10K appeared first on Brownstoner.
Tom Ferry
NOVEMBER 17, 2022
How often do you find yourself feeling unfocused, stressed out, and overwhelmed by the number of things you need to do and end up working overtime to catch up? In all my years as a coach, I’ve heard too many agents tell me they believe that working around the clock like this is how someone […]. The post 6 Things to Do Tomorrow (And Every Day) to Reclaim Your Life appeared first on Tom Ferry.
Realtor.com
NOVEMBER 17, 2022
MLS via Realtor.com A Southern California home owned by a music industry legend is now available for the first time. The late Donald James Leslie , inventor of the Leslie speaker, built this five-bedroom home in Altadena in 1958 and raised his family there. The residence came on the market a couple of months ago for $3 million. But first, let’s amplify Leslie’s background.
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Brownstoner
NOVEMBER 17, 2022
In the News 32 Charged in Brooklyn Gang Shootings That Injured 14 and Killed 2 [NYT] Transformative Ceremonies for St. Francis Gym, Closing Forever [Eagle] 'Burg Market Opens to the Public With Unique Dining Experience [amNY] North Brooklyn Green Map, Directory Makes Eco-Friendly Easy [Greenpointers] Grocer Hiller & Moon Closes After 20 Years in Park… Read More > The post Daily Links: Iconic Williamsburg Staple Brooklyn Brewery Moving to Huge Space in Greenpoint appeared first on B
Realtor.com
NOVEMBER 17, 2022
MLS via Realtor.com Built on a summit in the mid-1970s and away from the Southern California hubbub, the Von Hagen Residence is an oasis of calm. This Topanga residence is on the market for $11,995,000 and marries the best elements of midcentury modern design with an exceptional location. Listing agent Christina Hildebrand couldn’t offer much information about the Von Hagen family, but she is certainly familiar with the home’s legendary architects, Thornton Ladd and John Kelsey —be
BubbleInfo
NOVEMBER 17, 2022
Here we go again. Just as I’m ready to hit the go button on a new listing, I check the realtor hotsheet and THREE other listings provide new market data. Look at how these two dumped on price: Do sellers wonder if there were any other buyers before dumping 10% and 11% off their price? […].
Realtor.com
NOVEMBER 17, 2022
Getty Images / MLS via Realtor.com The house in Santa Fe, NM, that actor Larry Hagman once owned is pending sale after a month on the market. It was listed for $3,995,000. Hagman, who famously played J.R. Ewing on the long-running TV series “Dallas,” died 10 years ago. But some of his personal touches remain in the home. The green powder room looks just like the star designed it.
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.
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