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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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.
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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.
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.
3 Real Estate Office Hacks to Help Kickstart the Busy Season
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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.
Remodeling Market Declines Year-over-Year
Eye on Housing
JULY 14, 2022
The NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter of 2022 posted a reading of 77, declining 10 points from the second quarter of 2021. This is the largest year-over-year decrease since the survey was redesigned in Q1 2020. The RMI is based on a survey that asks remodelers to rate various aspects of the residential remodeling market.
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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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. .
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 […].
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.
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, […].
Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!
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.
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
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?
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. “
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.
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.
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.
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.
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.
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
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.
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.
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
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 […].
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.
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.
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.
Realtors, let the real you shine and quit following the crowd
The American Genius for Real Estate
JULY 14, 2022
Realtors get a bad rap for being 'boring' and 'salesy,' but this tatted agent is challenging the status quo, and doing a good job of it! The post Realtors, let the real you shine and quit following the crowd appeared first on The American Genius Real Estate.
Tips to Get Your Pool Ready for Summer
Louisville Homes
JULY 14, 2022
Spring is just past and now Summer is in full swing! If you haven’t already, it’s time to get your pool ready for summer! Summer is the time for being able to truly enjoy the outdoors. When things get too hot, that’s where the pool comes in. Now, does your pool area have everything it needs? Let’s jump in! (Get it? Jump… OK, I’ll stop.).
PPI (wholesale inflation) spikes 11.3% annually, worse than expected
The American Genius for Real Estate
JULY 14, 2022
The PPI had an annual spike higher than expected - this forward looking indicator was expected to be high, and is another inflationary red flag. The post PPI (wholesale inflation) spikes 11.3% annually, worse than expected appeared first on The American Genius Real Estate.
5 Data Proven Ways Agents Can Do 18% More Business
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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.
A Positive Outlook on the Current Real Estate Landscape
Properties Online
JULY 14, 2022
Headlines in the news have been focusing on inflation, an upcoming recession, and other gloomy predictions, but does this mean a housing bubble is just around the corner? Despite the doom and gloom in the news, experts aren’t seeing signs of an impending real estate bubble. Stagflation Isn’t Happening One of the signs of a bubble… Read More » A Positive Outlook on the Current Real Estate Landscape.
Top Security Companies & Installers in Chicago
Swiftlane
JULY 14, 2022
Are you based in Chicago and on the search for a new access control system, building intercom, cameras or security system? Researching the right system for your property’s needs can become time consuming. Not to mention, finding the right security company to install the system can make the process even more complex. We have developed […].
Festival Minokan Returns for an Evening of Song and Dance at Wyckoff House Museum
Brownstoner
JULY 14, 2022
Join in a celebration of Hatian culture and Vodou this month with the annual Festival Minokan at Brooklyn's oldest farmhouse. The celebration includes history and artist talks and song and dance workshops. The festivities at Wyckoff House Museum take place on Saturday, July 23 beginning at 4 p.m. Traditional crafts, food… Read More > The post Festival Minokan Returns for an Evening of Song and Dance at Wyckoff House Museum appeared first on Brownstoner.
Agents, here’s how to boost your sales production
Real Trends
JULY 14, 2022
Agents are in the midst of an unseasonably cool housing market this summer. Coming off of a year that brought the highest number of home sales in 15 years , the market is starting to show signs of normalizing. Agents who reveled in the red-hot market may now be wondering how to keep their production up, with sales falling about 10% from 6.125 million sales to around 5.4 million , more in line with the pre-pandemic numbers of 2018 and 2019.
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.
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