Thu.Sep 17, 2020

article thumbnail

LoanDepot could make public debut this year at up to $15B

Housing Wire

LoanDepot is poised to go public later this year, becoming “Lyft to Rocket Mortgage’s Uber,” according to a new report. The California-based mortgage lender headed by Anthony Hsieh could be worth between $12 billion and $14 billion in an IPO, according to Bloomberg ‘s sources. The company has held discussions with potential underwriters for an IPO that could happen as soon as the fourth quarter of this year.

Lending 534
article thumbnail

How Low Inventory May Impact the Housing Market This Fall

Keeping Current Matters

Real estate continues to be called the ‘ bright spot ’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but there just aren’t enough houses for sale to meet that growing need.

Marketing 246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Average U.S. 30-year mortgage rate rises from all-time low

Housing Wire

Average mortgage rates for a 30-year fixed mortgage increased slightly to 2.87% this week, the second-lowest on record, rising one basis point from last week’s all-time low of 2.86% , while the less-popular 15-year rate fell to a new low of 2.35%, Freddie Mac said on Thursday. The 30-year rate has broken records nine times since March because of a Federal Reserve bond-buying program that has poured about $1 trillion into the mortgage markets.

Mortgages 511
article thumbnail

Doggy Dream Home Makeover: Rashida Bank’s Puppy “Paw”lor

Homes.com

Today's doggy DIY masterpiece is spearheaded by Rashida Banks. Taking Irish pub inspiration to create a puppy "paw"lor, this DIY dog house is the ultimate stay-cation for any pet. The post Doggy Dream Home Makeover: Rashida Bank’s Puppy “Paw”lor appeared first on Homes.com.

Banks 142
article thumbnail

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.

article thumbnail

Shant Banosian becomes Guaranteed Rate’s first LO to originate $1 billion

Housing Wire

Shant Banosian, the nation’s No. 1 loan originator, has become Guaranteed Rate ’s first loan officer to fund $1 billion in loan volume in one year. Over the course of his decade-long career, Banosian has generated more than $4 billion in funded loans. Over the last five years, Shant has been Guaranteed Rate’s No. 1 loan officer nationwide, as well as the top producer in Massachusetts since 2013.

article thumbnail

With Mortgage Rates at Record Lows, How Can Buyers Know When To Pounce?

Realtor.com

Andrii Yalanskyi/Getty Images One of the few bright spots for home buyers and owners in 2020—a year marred by a pandemic, economic recession, social unrest, wildfires, hurricanes, and a highly polarized presidential election—has been rock-bottom mortgage interest rates. Mortgage rates have been tumbling since COVID-19 disrupted the nation’s economy, achieving what many experts had believed was impossible: They dipped just below 3% in July.

Mortgages 132

More Trending

article thumbnail

Popular Time Capsule Home in Palm Springs Is Available Again for $1.97M

Realtor.com

realtor.com A famously well-preserved Palm Springs, CA, property has grooved back onto the market. The retro residence from 1969 is available fully furnished for $1,969,000. In March 2019, the distinctively decorated home came on the market for $1.7 million after being featured on the Netflix show “Stay Here.” The current owners scored a big discount when they picked up the home in the Twin Palms neighborhood for $1,150,000 in August 2019.

article thumbnail

Single-Family Starts Expand in August

Eye on Housing

Single-family starts showed continued growth in August but overall housing production fell 5.1 percent to a seasonally adjusted annual rate of 1.42 million units due to a double-digit percentage decline in multifamily production, according to data from the U.S. Housing and Urban Development and Commerce Departments. The pace of single-family starts in August was the highest production rate since February.

article thumbnail

Midcentury Modern Renovation in Chattanooga Wows Fans Nationwide

Realtor.com

realtor.com A man obsessed with midcentury modern design renovates homes in Chattanooga, TN. He adds pops of color and emphasizes clean lines, dipping back into decades past for inspiration. Sounds like the plot of an HGTV show, right? In the same vein as Chip and Joanna Gaines in Waco, TX, Gary Crowe , 39, is slowly changing his city’s housing stock.

article thumbnail

The 4 Cornerstones of Real Estate

RIS Media

You may find yourself wondering: What does it take to be one of the best in the real estate industry? To be the best, you have to know the four cornerstones. To find these, author and national speaker, Joe Sesso, dug into the Secrets of Top Selling Agents archive to discover the common themes that industry titans, such as Howard Brinton, Tom Ferry, Alexis Bolin, Michael Maher, have used to build an amazing real estate business.

MLS 117
article thumbnail

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.

article thumbnail

$49M ‘Ocean Dream’ in the Hamptons Is the Week’s Most Expensive New Listing

Realtor.com

realtor.com For the first time in decades, a waterfront estate in Southampton, NY, known as “Ocean Dream” has washed onto the market. The 80-year-old abode is now available for $49 million, and ranks as this week’s most expensive new listing on realtor.com®. The owners, a couple who fell for each other, and then this Hamptons home, purchased the place back in the late 1990s, according to the website 27east.com.

Brokerage 117
article thumbnail

Fed to Keep Rates Near Zero Until at Least 2024 Unless New Conditions Met

RIS Media

On Wednesday, Sept. 17 the Federal Reserve stated it was planning to keep interest rates near zero until at least 2024. In addition, the Fed set a new bar for economic conditions that must be met before interest rates are raised: labor market conditions return to the “maximum employment” and inflation rises to 2 percent and “is on track to moderately exceed 2 percent for some time.” “The COVID-19 pandemic is causing tremendous human and economic hardship across the

article thumbnail

Tips on perfecting your real estate “elevator pitch”

Easy Agent Pro

Let’s step into Easy Agent Pro’s time machine and head back to 2019 – you know, life as it was pre-pandemic. You’re at your kid’s soccer game and chatting it up with other parents. Inevitably in these situations, someone will ask you what you do for a living. Nine times out of 10, your answer will be something like: I’m in real estate. I’m a REALTOR®.

Agents 113
article thumbnail

Lemon, Garlic Sauce, Rosemary Make Flavorful Fish Dish

RIS Media

(TNS)—Rosemary adds a fragrant touch to sautéed fish fillets. I have used mahi-mahi, but any type of firm white fish will work. The cooking time depends on the size of the fish. Count about 8 minutes per inch of thickness. The lemon and garlic sauce flavors the pasta and complements the rosemary on the fish. Helpful Hints: – Snapper, grouper, tilapia or cod can be used instead of mahi-mahi. – Any type of short cut pasta such as corkscrew or ziti can be used. – A quick way to ch

As-is 112
article thumbnail

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.

article thumbnail

8 Dome Homes for Buyers in Search of Something Different

Realtor.com

realtor.com For shoppers in search of a well-rounded approach to home buying, we heartily suggest a deeper dive into dome homes. These residences may not be everyone’s ball of wax, but they are a welcome alternative to the boxy tract homes so common throughout the country. And in our survey of domes currently available for purchase, we’ve come to the realization that no dome is alike another.

Land 111
article thumbnail

Local Healthy Meal Delivery Service Serves Tasty Food and Supports Foster Children

Waterfront Properties

Amidst everything that has been happening in the past year, meal delivery services are swiftly gaining in popularity. National and international companies have made their way onto TV screens and into homes, some of which are shipped from other states and even other countries. What if we told you that there is a local company who delivers healthy fresh food to your door?

As-is 111
article thumbnail

Leadership in Real Estate: 4 Perspectives from Industry Executives

App Folio

In the first episode of The Top Floor , we take an in-depth look at executive leadership in property management and community associations. . We talk with a range of leaders, from Donald Davidoff ( D2 Demand Solutions ), Cindy Clare ( Bell Partners , IREM , NAA ), Ursula Burgess ( Rees Broome, P.C. & CAI ), and Aimee Miller ( AppFolio ). They provide an inside look at how organizations are leveraging their leaders to keep teams aligned, even during the most uncertain times.

article thumbnail

8 Useful Tips for Students Studying for Real Estate Licensing Exams

Realty Biz

Real estate has grown to become one of the most lucrative courses career-wise. As more students become interested in taking the course, there is a need to guide them toward getting the most out of the course. So, we have provided some essential tips for students anticipating their exams to improve their performance. . Real estate exams are divided into two: National section – Tests the day to day knowledge and skills.

As-is 109
article thumbnail

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.

article thumbnail

Who’s Fleeing?

BubbleInfo

The pandemic is being blamed for people leaving town. I think it’s more that Covid-19 is the last straw that is causing people to take the action they would have taken at some point anyway. The ‘rona will be gone in 1-18 months – moving is a major life-changing event. But these two conflicting articles […]. The post Who’s Fleeing?

Marketing 109
article thumbnail

How Video Can Help You Stay in Front of Clients

RIS Media

Successful real estate professionals know the importance of using all the tools at their disposal. In today’s selling environment, video can be one of those effective tools. Whether you’re new to video technology or a seasoned pro, understanding how it can help your business is the first step to using it to your best advantage. Video communications can be beneficial to your real estate career by helping you: Connect.

article thumbnail

Toronto Condo Prices Have Fallen Over $12,000 From Peak, Despite Booming Sales

Better Dwelling

Greater Toronto’s condo market is booming, but prices slipped from all-time highs. Toronto Regional Real Estate Board (TRREB) data shows sales reached a multi year high for August. The rise in sales was nothing compared to the increase of inventory though. The rate at which inventory grew was 10x that of sales, knocking prices lower […]. The post Toronto Condo Prices Have Fallen Over $12,000 From Peak, Despite Booming Sales appeared first on Better Dwelling.

Sales 109
article thumbnail

Virtual Open Houses: They’re Not About You

RIS Media

Bill, an agent in Virginia, wanted to supercharge his marketing to attract a buyer for his listing that was on the market entirely too long during the pandemic. Bill was frustrated. Even more critical, the sellers were losing patience with Bill. They couldn’t sell their home. They couldn’t move to Florida to be closer to their kids and grandkids.

MLS 107
article thumbnail

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.

article thumbnail

How To Advance In Buying House During Coronavirus Lockdown?

Agent Drive

Many of the countries around the world are experiencing a second wave of Coronavirus. The post How To Advance In Buying House During Coronavirus Lockdown? appeared first on AgentDrive.

Marketing 105
article thumbnail

Space Shuttle Expected To Launch Today

Waterfront Properties

A Space Shuttle is expected to launch today from the Space Coast. Space X is set to launch a Falcoln 9 rocket on Thursday, September 17th at 2:17 pm from the Kennedy Space Center in Cape Canaveral, Florida. The Space X launch will be the 13th batch of Starlink Communication satellites atop its Falcon 9 rocket. Upon success of this mission, Space X will have close to 800 Starlink Communication satellites in the low-Earth orbit.

Closing 105
article thumbnail

Housing Starts: Single-Family Growth Continues in August

RIS Media

In August, single-family starts saw continued growth while overall housing production declined 5.1 percent, according to the latest U.S Housing Development and Commerce Department report. August records 1.42 million starts if housing builders keep this pace for the next 12 months. Single-family starts increased 4.1 percent to a seasonally adjusted rate of 1.02 million, while the multifamily sector decreased 22.7 percent to a 395,000 pace.

article thumbnail

9 Reasons To Buy A Home In The Fall

Realty Biz

The fall season is usually full of major changes. Many young people return to school, football season begins in full swing and the overall climate makes a change with cooler temperatures and vibrant colors. Over the last few years, the fall season has also become a popular time to sell a home. While spring still remains the most popular season for selling a home, there are plenty of reasons to try and buy a property in the Autumn of the year.

Agents 104
article thumbnail

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.

article thumbnail

For $35K/Month, You Could Join the Ranks of the Hollywood Celebs Renting This House in Malibu

Fancy Pants Homes

Hollywood has plenty of well-kept secrets, and one of them is this house in Malibu that seems to be attracting celebrities like a magnet. Which comes as no surprise, given that its owner is a celebrity herself. Betty Moon, a well-known singer, songwriter and producer, is known to have quite the flair for real estate, with her previous projects landing her quite a few mentions in luxury magazines.

article thumbnail

10 things the real estate course doesn’t teach you

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: 10 things the real estate course doesn’t teach you. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Congratulations, you’re now a licensed real estate agent!

Agents 104
article thumbnail

Adopt A Sea Turtle This Fall

Waterfront Properties

The Loggerhead Marinelife Center in Juno Beach offers a unique program that allows you to Adopt a Sea Turtle. The program helps benefit the continuous care and treatment for the sick, endangered, and injured sea turtles. The Loggerhead Marinelife Center is a non-profit sea turtle research, rehabilitation center and sea turtle hospital whose mission is aimed to protect the ocean and all that live in it.

103
103
article thumbnail

Real Estate Careers and Required Education

Realty Biz

The real estate market is one of the most lucrative in the world. Entering the market at the right time and growing your reputation gives you access to impressive deals with good returns. Unlike the popular notion that real estate is a specific career, the niche has multiple nested sub-niches, each being perfect for different people. Here are the top sub-niches that you should consider when venturing into real estate and what type of education you need to succeed.

HR 102
article thumbnail

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.