Thu.Oct 06, 2022

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Pennymac unveils a new tech platform for brokers

Housing Wire

Pennymac executives say their goal is to become a “dominant player” in wholesale. On Thursday, the publicly traded multichannel lender launched a new technology platform for brokers called “POWER+,” a key step toward generating more broker business. “The platform was designed and developed using direct broker feedback, which shaped our workflow and functionality,” said Kim Nichols, senior managing director of Pennymac TPO.

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Two Questions Every Homebuyer Should Ask Themselves Right Now

Keeping Current Matters

Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year.

Mortgages 258
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In volatile mortgage market, spreads between conforming and jumbo loans widen

Housing Wire

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the ongoing economic uncertainty. But qualifying borrowers can get lower rates with jumbo mortgages, as the spreads between these loans and the conforming option widened again this week.

Loans 370
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Type of Parking Facility of New Single-Family Houses Completed: 2021 Data

Eye on Housing

A majority of new homes that completed construction in 2021 included two-car garages (67%), according to NAHB analysis of 2021 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions: the 2-car garage was the most popular parking option for completed homes in all divisions.

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The 2025 Real Estate Roadmap to Success

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.

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More layoffs at Keller Mortgage

Housing Wire

Keller Mortgage , the lending arm of real estate holding company kwx , is the latest firm to be hit by the rapidly decreasing demand for mortgages. On Monday, the company underwent a “mass layoff,” according to posts by former Keller Mortgage employees on LinkedIn. This is at least the second round of layoffs at Keller Mortgage this year, the first known job cut taking place in late May.

Mortgages 370
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State-Level GDP in the Second Quarter of 2022

Eye on Housing

Real gross domestic product (GDP) decreased in 40 states and the District of Columbia in the second quarter of 2022 while ten states saw modest GDP growth. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP ranged from 1.8 percent increase in Texas to 4.8 percent decline in Wyoming. Nationwide, growth in real GDP, measured.

Marketing 115

More Trending

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Creamed?

BubbleInfo

Dr. Doom said in his podcast here that the California markets have had the most significant price declines, and the Bay Area, LA, and San Diego have ‘gotten creamed’ He didn’t provide any data to back it up, so let’s look at what we have from the MLS which includes September data so we’re including […].

MLS 99
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Should You Invest in Turnkey Properties or Fixer-Uppers? Here’s the Pros and Cons of Each

Bigger Pockets

The ability to quickly analyze a property and determine if it will be a good investment takes practice and depends on factors like your financial position and real estate investing […].

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4 Countertop Materials to Tone Up Your Kitchen

RISMedia

By Brooke Chaplin When real estate agents stage properties to sell, they invariably turn their attention to the kitchen. A stylish and well-kept kitchen can go a long way in terms of boosting property values. This is more true if the countertops are made of the following materials listed below. Carrara Marble As the most […]. The post 4 Countertop Materials to Tone Up Your Kitchen appeared first on RISMedia's Housecall.

Staging 93
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Decline in home showing traffic levels out

Real Trends

In a sea of negative housing news, here’s something positive. The sharp decline in home showing traffic is starting to level off as buyers get back into that market after a pause. Home showing traffic is still declining but at much lower levels, with the market’s rebalancing from the record-breaking highs brought on by the pandemic, according to the latest data from the ShowingTime Showing Index.

Sales 92
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Even As Rates Rise, Builders Aren’t Worried About an “Overbuilding” Problem

Bigger Pockets

The 2020-caused supply chain shortage went from bad to worse over the span of just a month. By the summer of 2020, builders were facing massive delays, a lack of […].

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The Top 10 Real Estate Influencers You Should Be Following

Realty Biz

Social media drives so much of our activity today, and not just for entertainment purposes, either. In our modern, interconnected world, the biggest movers and shakers in the social media sector, known as “influencers”, are celebrities in their own right and have built-in fanbases that often hang off their every word. These influencers can specialize in any type of content, from makeup and fashion to politics, humor, online gaming, or more – and influencers can use their digital reach as a marke

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Finance Friday: Financially Independent, But Not Feeling “Free”

Bigger Pockets

Financial independence isn’t for everyone. That comes as a surprise for most of us within the personal finance community. Whether we like it or not, the “save, invest, and grind” […].

Finance 89
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Better Homes and Gardens Real Estate LLC Renews with Prominent Virginia Brokerage

Realty Biz

Better Homes and Gardens Real Estate LLC announced today the renewal of Better Homes and Gardens Real Estate Native American Group in Virginia Beach, Va. The firm is owned and operated by Dr. Susan Jenkins, a tribal member of the Delaware Nation and Cherokee Nation, and her husband, Dr. Barry Jenkins. They launched the company in 2007 with a focus on government and bank-owned REO business and affiliated with the Better Homes and Gardens ® Real Estate brand in 2013. .

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Daily Links: As ‘Serious Fires’ Increase in NYC, Criminal Cases for Code Violations Plummet

Brownstoner

In the News Prosecutions for Fire Safety Violations in NYC Dropped by 98 Percent [NYT] Double-Ribbon Opening for Brooklyn Hospital Center ER, Cancer Center [Eagle] Fire Tears Through Sheepshead Bay Chopstix, Damages Businesses [BP] Basquiat’s Family, New Exhibit Give Picture of the Brooklyn Artist [BK Reader] Callahan-Kelly Playground Getting $21 Million Makeover in Brownsville [CBS] PLG… Read More > The post Daily Links: As ‘Serious Fires’ Increase in NYC, Criminal Cases f

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2 Ways to Minimize the Risks of Property Damage and What to Do if It Occurs

Realty Biz

It can be accidental or deliberate, but property damage can really mess with your business and can bring a lot of trouble if you aren’t prepared to handle it. If you are a business owner and want to ensure that your business is safe from property damage and the risks that can come from it, then here’s what you need to do. Additionally, if you find that property damage has occurred on your business and you don’t know what to do, this article will also let you know what to do if your property gets

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October 2022 Opens With Mortgage Rates Going Up

Mashvisor

Over the past year, we’ve seen mortgage rates go from record lows to new highs as Q4 2022 opened with rates just below 7% in October.

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Cybersecurity facts every homeowner should know

Realty Biz

As new and innovative systems become part of the Internet of Things (IoT), you get closer to a future where you own truly smart home. Things like Wi-Fi-based hydraulic locks and voice-activated vacuum cleaners were dreams a couple of decades ago. Today, you can not only get them from your nearest Home Depot outlet but also get a good package deal. Most modern households have some security system for their residential property.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Cuisine and Culture | A Heritage Kitchen, Restored for Modern Life

Sotheby's International Real Estate

??????. The home has many spaces for coming together, but there’s nothing quite like the kitchen. Because meals are made and shared here, so too are moments and memories. It’s the meeting point for the family, but also a space for hosting friends, neighbors, and relatives who bring their own stories—literally—to the table. That’s why the ambiance and aesthetics of the kitchen are so meaningful; this is a place that will always be loved and remembered.

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The Only Airbnb Analytics Tool You’ll Ever Need

Mashvisor

If you are a real estate investor looking for new lucrative investments, here is why this is the only Airbnb analytics tool you’ll ever need.

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How to Clean a Basement: 22 Must-Read Tips

Redfin

A basement can be a great extra space in a home – for storage, a playroom, a home gym, or more. However, it can quickly become musty and cluttered if you don’t properly clean and maintain it. It can also be a breeding ground for mold, mildew, and dust mites, especially if you own a home in Austin, TX or Tampa, FL where there is a lot of humidity.

As-is 63
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Sleep is important and here’s why you need more of it

The American Genius for Real Estate

Sleep can be a great thing. In fact, the more you get the longer your life will be -that's a pretty neat thing!

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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Where to Complete Your Ohio Real Estate Continuing Education Quickly in 2022?

The Close

Are you renewing your Ohio real estate license? You’ll need to complete 30 hours of continuing education (CE) every three years by the date of your birthday. To help you work through your CE requirements as efficiently as possible, we’ve listed our top picks of real estate schools with continuing education packages. Take a look! Our Top Picks for Ohio Continuing Education Providers.

Agents 52
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Right to be forgotten: Should our past on the internet be erased?

The American Genius for Real Estate

With the infinite memory of the internet ever present, can or should your right to be forgotten exist or is memory the key?

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Atlanta Home Prices Firm in the Third Qtr of 2022

Hank Miller Team

Attention media Please stop; the greater Atlanta housing market was just fine in the 3rd Qtr of 2022. Stop the insentient blathering about impending real estate Armageddon, the data is not there. The Atlanta housing market in Q3 2022 did not melt down. In fact, the data is nothing like the media would love for everyone to believe. Best to pay attention to legitimate major issues, starting with the recession and inflation.

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Recent Sales By Zip Code

BubbleInfo

For those who are willing to investigate the sales data in our local areas, here are the detached-home sales from the last 90 days. Poke around a little, and I doubt you’ll believe that we’re getting ‘creamed’ The highlights: three RSF sales over $10 million in the last 90 days; nine sales above $5,000,000 in […].

Sales 45
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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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Locals Say Revenue From Coney Island Boardwalk Tenant Rent Deal Should Go Back Into Community

Brownstoner

Some Coney Islanders are proposing all revenue collected from boardwalk tenants who received a lease extension and rent relief deal from the New York City Development Corporation be directed back into the community to aid programs and projects that could support the needs of the neighborhood. Last year, the local… Read More > The post Locals Say Revenue From Coney Island Boardwalk Tenant Rent Deal Should Go Back Into Community appeared first on Brownstoner.

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Can I Sue My Neighbor for Lowering My Property Value?

HomeLight

DISCLAIMER: As a friendly reminder, this post is meant for educational purposes and is not intended to be construed as legal advice. When considering the question, “Can I sue my neighbor for lowering my property value?” HomeLight encourages you to reach out to a real estate attorney or other professional advisors regarding your personal situation. When you take the time and effort to care for your home, it can be upsetting having to look at a neighbor’s unkempt property every day.

Agents 111
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The Insider: Surgical Renovation Updates Prospect Lefferts Gardens Victorian for Young Family

Brownstoner

Got a project to propose for The Insider? Contact Cara at caramia447 [at] gmail [dot] com. Talk about intact detail. This Prospect Lefferts Gardens row house was so laden with original woodwork and other Victorian embellishments, "it was almost too much" for the young family that bought it. "My clients appreciated the… Read More > The post The Insider: Surgical Renovation Updates Prospect Lefferts Gardens Victorian for Young Family appeared first on Brownstoner.

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Sandra Bullock is selling her 91-acre compound with organic avocado, citrus orchards

Fancy Pants Homes

Almost 30 years after her breakthrough role as Keanu Reeves ‘ co-star in the action thriller Speed , Sandra Bullock is one of the biggest names in Hollywood. With her body of work spanning from cult classics like Demolition Man to raunchy comedies ( The Heat) , rom-coms ( The Proposal, While You Were Sleeping), dramas (2019’s The Blind Side earned her an Academy Award for Best Actress), all the way to science fiction thrillers ( Gravity ) and horrors ( Bird Box ), it feels like there

Land 116
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.