Housing Experts Say This Isn’t a Bubble
Keeping Current Matters
JULY 14, 2022
With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008.
Thu.Jul 14, 2022
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Mortgages are in free fall at JPMorgan Chase
Housing Wire
JULY 14, 2022
JPMorgan Chase leaders Thursday provided a glimpse of what’s to come as mortgage lenders begin sharing performance data for the second quarter – and it’s not pretty. Opening the earnings season, the bank reported double digit declines in originations, margins compressions and revenues in a free-fall, demonstrating how higher mortgage rates, the result of the Federal Reserve ‘s tightening monetary policy, are hurting originators.
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Selling a Hoarder’s House: Sell as-is or Fix it Up
Maximum Exposure Real Estate
JULY 14, 2022
What to Know About Selling Hoarder Houses Do you need to sell a hoarder’s house? The term “hoarding house” or “hoarders house” is foreign to many people. Some people learn about hoarding homes from television and others discover them because they find out a relative or friend has this affliction. Hoarding disorder is a mental […].
Fix-and-flip lender Kiavi lays off 7% of employees
Housing Wire
JULY 14, 2022
Non-QM lender Kiavi , which specializes in fix-and-flip and investor loans, has laid off 39 employees, sources told HousingWire on Thursday. An email sent to employees on Wednesday morning said Kiavi reduced the size of the firm by about 7% “to reduce our cost structure and protect the financial health of the company.” Kiavi has more than 300 employees, according to the firm’s website.
The 2025 Real Estate Roadmap to Success
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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.
What Is Digital Marketing for Real Estate?
Realty Biz
JULY 14, 2022
Simply put, digital marketing for real estate is the process of promoting your real estate business online. The marketing activities involved can vary widely depending on your business type and target audience. There are hundreds of different online marketing channels available that real estate professionals can utilize in the digital age. This can make it seem like a challenging task to create a digital marketing strategy that will work for your real estate business.
SEC looking at Better.com over alleged securities law violations
Housing Wire
JULY 14, 2022
The Securities and Exchange Commission (SEC) has launched an investigation into digital nonbank lender Better.com and its blank check company, Aurora Acquisition Corp., to evaluate allegations of federal securities laws violations, prompted by a former top executive’s recent lawsuit. Better.com and Aurora received requests for documents from the SEC’s enforcement division in the second quarter of 2022.
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Shared-equity firm Point expands into 2 more states
Housing Wire
JULY 14, 2022
Palo Alto, California-based fintech Point , which offers home-equity investment (HEI) contracts to homeowners, is expanding its services into Nevada and Ohio. With the expansion, Point’s HEI contracts are now available in 18 states and the District of Columbia, according to the company. “Nevada homeowners are sitting on more than $150 billion in tappable home equity, and Ohio homeowners have more than $330 billion,” said Eddie Lim, CEO and co-founder of Point.
Since Pandemic Onset, Lumber Products Have Added $14K to House Price, $51 to Rent
Eye on Housing
JULY 14, 2022
Since the relatively low point at the onset of the pandemic on April 17, 2020, lumber prices have been volatile, with record setting spikes interspersed with periods of substantial declines. On balance over the entire period, however, softwood lumber prices have increased enough to add $14,345 to the price of an average new single-family home, and $5,511 to the market.
Haley Parker to speak at HW Annual October 3-5
Housing Wire
JULY 14, 2022
Social media is a force to be reckoned with, especially in the world of real estate and mortgage. Haley Parker is a HousingWire 2022 Marketing Leader who proves that social media savviness can be the difference between gaining a client or losing one, which is why HousingWire is honored to include Parker as a panelist at this year’s HousingWire Annual conference. .
Redefining Real Estate in 2022: How to Embrace a Nation of Renters
GeekEstate
JULY 14, 2022
[Editor’s note: originally published on GoPropTech.]. Everyone involved in real estate investment has witnessed the explosion in the rental market over the last few years. While real estate investment was a part-time, supplemental source of income for some investors, many have been able to take it full-time, with single-family and multifamily rental properties.
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.
HUD affordability plan doesn’t include lowering FHA premiums
Housing Wire
JULY 14, 2022
The Federal Housing Administration (FHA) is taking steps to address the affordability crisis by boosting supply, but it’s not lowering fees it charges borrowers just yet. Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing.
Optimize Your Leasing Operations With These Data-Backed Solutions
App Folio
JULY 14, 2022
In a previous article, we pointed to data showing that despite leasing agents’ desire to grow their careers, many are.
Reckoning with the Cloudstar attack, 1 year later
Housing Wire
JULY 14, 2022
Computer code on a screen with a skull representing a computer virus / malware attack. Nearly a year has passed since the Cloudstar ransomware attack and Stephen Millstein says he still feels “something like PTSD” whenever he thinks about what went down that dreadful mid-July weekend. Millstein’s title firm, Certified Title Corporation , founded in 1994, was one of the hundreds of firms impacted by the cyber attack on the cloud storage provider.
West Seattle Summer Fest 2022
Mandrona Group
JULY 14, 2022
The West Seattle Summer Fest is the biggest party of the year in West Seattle and offers something for everyone! Read More.
Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage
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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.
Purchase mortgage rates shoot back up to 5.50%
Housing Wire
JULY 14, 2022
The rollercoaster continues for mortgage rates. After falling 40 basis points last week to 5.30% , purchase mortgage rates climbed back up this week to 5.50%, according to the latest PMMS survey from Freddie Mac. “Mortgage rates are volatile as economic growth slows due to fiscal and monetary drags,” said Sam Khater, Freddie Mac’s chief economist. “With rates the highest in over a decade, home prices at escalated levels, and inflation continuing to impact consumers, affordability remains the mai
Moving in the Post-Frenzy Era
BubbleInfo
JULY 14, 2022
We try to talk to potential sellers every day, and their response is universal. When they find out that they will have to pay capital-gains tax when selling – and for most local homeowners it means paying six-figures in taxes – their desire to move cools off quickly. They were already somewhat reluctant to move, […].
FAR president on the role home equity can play in supporting retirement strategies??
Housing Wire
JULY 14, 2022
The HousingWire award spotlight series highlights the individuals who have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Vanguards are now open through Friday, July 22, 2022. Click here to nominate someone. As home prices continue to rise, one growing point of interest for many homeowners are reverse mortgages, with older Americans sitting on a record $10 trillion in home equity, according to data from the National Reverse Mortgage Lenders Association. “
Brooklyn Home Prices Soar to Record Highs in Second Quarter, But Feverish Market Could Chill
Brownstoner
JULY 14, 2022
Buyers in Brooklyn are still paying top dollar, despite news of a slowing market nationally. Over the past three months, listing inventory in Brooklyn has fallen for the first time in a year and a half, while the median sales price has hit a new record for the eighth time in… Read More > The post Brooklyn Home Prices Soar to Record Highs in Second Quarter, But Feverish Market Could Chill appeared first on Brownstoner.
Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth
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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.
Auctions see high owner-occupancy rates for foreclosed homes
Housing Wire
JULY 14, 2022
The Federal Housing Administration’s recently announced first look program for foreclosed property auctions is a welcome innovation that should help boost a trend that has been developing over the past decade: more foreclosed homes getting into the hands of owner-occupants and fewer getting into the portfolios of large-scale single family rental operators, often backed by Wall Street.
The Insider: Artful Furnishings Personalize Newly Built Prospect Heights Townhouse
Brownstoner
JULY 14, 2022
The recently constructed three-story, single-family townhouse -- one of eight in a row, each containing 2,700 square feet of space -- had an abundance of natural light, unusually high-end kitchen and bathroom designs and an expansive terrace. But like many brand-spanking-new developments, its rooms cried out for warmth and personality. "The… Read More > The post The Insider: Artful Furnishings Personalize Newly Built Prospect Heights Townhouse appeared first on Brownstoner.
Rental Market Realizations
Toronto Realty Blog
JULY 14, 2022
TorontoRealtyBlog. I did something really odd the other day. I turned down not one, but two offers to lease on a rental listing where the tenants were both offering all twelve months of rent up front! Wait, back up. I did something really odd the other day. I took part in this fad called “working from home.” Wait, back up. I did something really odd the other day.
Bed Stuy Neo-Grec Townhouse Unit With Two Bedrooms, Mantels, Terrace Wants $3,500
Brownstoner
JULY 14, 2022
On the top floor of a three-story, three-family Neo-Grec townhouse in Bed Stuy, this two-bedroom boasts original details and modern updates. The floor-through at 414 Madison Street is compact, with a combination living-dining-kitchen area overlooking a private terrace. The apartment's many original details include mantels, wide floor boards, woodwork, moldings and… Read More > The post Bed Stuy Neo-Grec Townhouse Unit With Two Bedrooms, Mantels, Terrace Wants $3,500 appeared first on B
The Broker Action Plan for the Post-NAR Lawsuit Landscape
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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.
Understanding The Waterfall Model For Commercial Real Estate Investing
Realty Biz
JULY 14, 2022
Equity waterfall models are one of the most difficult real estate finance concepts to understand. Since cash flow from your investment can be split in a multitude of ways, your waterfall may look different from your partners. However, there’s a general structure that stays consistent. commercial retail buildings. What is the Waterfall Investment Model?
Daily Links: Bushwick Super Who Lived in His Building 12 Years Asked For Raise, Was Told to Move
Brownstoner
JULY 14, 2022
In the News 45 Years Ago, a Blackout Struck New York City [NYT] A Fresh Look at Iran’s Street Food at Bushwick’s Eyval [NYT] MTA Reroutes Q Trains on Weekends for Track and Signal Upgrades [Eagle] Office Leasing Activity Up in Brooklyn [Eagle] Junkyard in East Flatbush Catches Fire Once Again [BK Paper] Brooklyn’s Real Mother… Read More > The post Daily Links: Bushwick Super Who Lived in His Building 12 Years Asked For Raise, Was Told to Move appeared first on Brownstoner.
Home sellers are cutting prices in these cities
Real Trends
JULY 14, 2022
At least 10% of home sellers in the 97 metropolitan areas analyzed by Redfin dropped their asking prices in June. Over three quarters of the metros in the analysis saw more than 25% of sellers drop their prices. The formerly white-hot metro of Boise, Idaho saw both the largest share of home sellers dropping their prices at 61.5%, and the biggest year-over-year increase, as only 25.7% of home sellers dropped their asking prices in June 2021.
US Housing Prices 2022: Will Prices Go Down This Year?
Marco Santarelli
JULY 14, 2022
US House Price Trends 2022. Will house prices go down in 2022? Depending on who you ask, the forecast for 2022 is mixed. Experts in the housing industry predict fewer buyer demand and lower prices, along with higher borrowing rates. Rate increases, along with a shortage of availability, have pushed many purchasers to the sidelines. Home prices may fall slightly, but not drastically as they did in 2008.
Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys
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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.
NAR adds Rental Beast as latest Realtor Benefit
Realty Biz
JULY 14, 2022
The National Association of Realtors has announced that its members now have free access to Rental Beast , a software provider that has built a secure and FCRA-complaint online rental application and tenant screening system. The NAR said Rental Beast is the latest addition to its NAR Realtor Benefits suite, which provides modern technology, products and services that better enable realtors to do their jobs.
I Give You 13 Strategies; You Pick What You’ve Been Missing
Tom Ferry
JULY 14, 2022
Over the first half of 2022, we’ve had some amazing guests revealing even more amazing strategies, and today I’m challenging you to start implementing what you’ve learned! I’ve rounded up 13 killer strategies that we’ve shared covering three categories… lead gen, conversion tools and skills, and mindset and health. Here’s how this will work: I’m […].
Gardens Like These are Cause for Celebration
Sotheby's International Real Estate
JULY 14, 2022
A grand entryway or elegant dining room can wow your guests, but nothing leaves a lasting impression like a spectacular garden. The good news is that homeowners can grow thriving gardens anywhere. Every region in the U.S. belongs to a specific plant hardiness zone, and because of that, it’s easy to choose perennials that will survive the winter and create show-stealing green spaces.
BETTER HOMES AND GARDENS® REAL ESTATE ANNOUNCES AFFILIATION OF LEADING INDEPENDENT ORANGE COUNTY, N.Y., FIRM
Realty Biz
JULY 14, 2022
Better Homes and Gardens Real Estate LLC announced today the affiliation of Better Homes and Gardens Real Estate Green Team based in Warwick, N.Y., which expands the brand’s service area in Hudson Valley, N.Y., and Sussex County, N.J. The firm is led by second-generation broker Geoff Green and president Vikki Garby. Green grew up around his parents’ real estate brokerage business and began his real estate career in the commercial sector, working for Pyramid Management Group, a shopping center
Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You
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