Wed.Sep 29, 2021

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Pending home sales data crushes housing bears

Housing Wire

Today’s pending home sales came in at a big beat of estimates, running at 8.1% for this report. More importantly, this data line looks just right. One of my main goals for sharing housing sales data in 2021 is to give people a sales trend range to work off this year to know if home sales are doing well. Last year we had an abnormal burst of housing demand that was just make-up demand from the COVID-19 pause in the second half of 2020.

Sales 527
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Don’t Tackle Selling Your Home on Your Own – an Agent Can Help

Keeping Current Matters

If you’re looking to maximize your sale and minimize your effort, you need to work with a real estate professional. In a sellers’ market like today’s, it can be tempting to list your house on your own – known as For Sale By Owner (FSBO). But the truth is, a real estate professional can save you time and money by managing every step of the process, from pricing your home to reviewing documents and handling negotiations.

Agents 274
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LoanDepot sued 7 LOs after they left for a rival

Housing Wire

LoanDepot CEO Anthony Hsieh. After an origination team departed loanDepot in April of this year, loanDepot slammed the seven ex-employees and their new employer, CrossCountry Mortgage , with a lawsuit alleging they “hatched and implemented a scheme to loot loanDepot’s business.”. The Orange County, California-based retail lender , led by CEO Anthony Hsieh, in a lawsuit filed in San Diego Superior Court in June, alleged that the seven employees — the Meredith-Rogers team¸— stole client lists and

Loans 437
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6 Things People Say About Buying a Home Today That Actually Aren’t True

Realtor.com

It's a seller's market, but not everything you hear about buying a home today is true. We asked real estate agents to weigh in on some homebuying myths. The post 6 Things People Say About Buying a Home Today That Actually Aren’t True appeared first on Real Estate News & Insights | realtor.com®.

Agents 144
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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.

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Homebuyers drawn to cheaper areas in Midwest and South

Housing Wire

Pending home sales rose in August, following two consecutive months of decline, according to the National Association of Realtor’s pending home sales index report released on Wednesday. And homebuyers with flexibility are keen on more moderately priced regions within the Midwest and South, the report found. Homebuyer contract signings in the U.S. rose 8% month-over-month from July to August, though the figure was still 8.3% lower than the same time last year.

Sales 417
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Canadians Are Changing Provinces At The Fastest Rate Since The 90s Real Estate Bubble

Better Dwelling

Canadians are fleeing for another province at one of the fastest clips in history. Statistics Canada (Stat Can) revealed its interprovincial migration estimates for Q2 2021. Crunching the numbers on net-flows, we can see which regions are losing the most Canadians. The last quarter saw the most people relocate to a new province since the […]. The post Canadians Are Changing Provinces At The Fastest Rate Since The 90s Real Estate Bubble appeared first on Better Dwelling.

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More Trending

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How to Create an Effective Real Estate Newsletter

Realty Biz

To create an effective real estate newsletter, you must put your audiences’ needs and expectations first. So first, consider using a visually appealing template branded with your logo and corporate colors. Then, sit down with your creative writing team to define a content marketing strategy that will include texts and imagery. And always bring the marketing team on board to advise the writers about your marketing goals.

Branding 121
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How to hire more operational players in the mortgage space

Housing Wire

Agnes Standowicz, vice president, underwriting leader at United Wholesale Mortgage. This year’s list of HousingWire Insiders radiate influence well beyond the walls of their individual companies, providing the infrastructure that upholds the whole industry. HousingWire decided to dive deeper into a few of our award winners to get a peek behind the curtain on what defines an Insider , with this Q&A featuring Agnes Standowicz , vice president, underwriting leader at United Wholesale Mortgage.

Mortgages 394
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#340: How to Make $1 Million in Business with No Employees, with Elaine Pofeldt

Afford Anything

Imagine this: You start a side hustle. Maybe you sell planners or lead workouts in the park. You make a few thousand dollars during your first year. It’s fun beer money, but not enough to quit your day job. But you keep growing. You run this as a one-person operation, though you bring on freelancers or independent contractors. Your revenue grows into the five figures.

Investor 113
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Why mortgage companies must focus on cybersecurity

Housing Wire

Mortgage companies must focus on bolstering cybersecurity infrastructure, and should report any and all incursions from bad actors who seek access to sensitive information or who plan to encrypt systems to hold for ransom. This was a core part of the thesis presented by Selim Aissi , cybersecurity expert and former CISO of ICE Mortgage Technologies (formerly Ellie Mae ) during a keynote session at HW Annual in Frisco, Texas this week.

Mortgages 383
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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.

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Canada Is Running Low On Cheap Labor As Immigration Remains Minimal: BMO

Better Dwelling

Canada immigration is improving from pandemic lows, but it’s still weak. A BMO economics analysis shows the net flow of non-permanent residents was minimal in Q2 2021. It’s better than the beginning of the pandemic when the flows were negative, but not by much. The bank sees this as a big contributor to the rising […]. The post Canada Is Running Low On Cheap Labor As Immigration Remains Minimal: BMO appeared first on Better Dwelling.

As-is 110
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How credit scores impact lenders’ pipelines in a purchase market

Housing Wire

With the purchase market becoming a primary emphasis for lenders in 2021, HousingWire sat down with CreditXpert VP of Marketing Mike Darne to talk about credit trends in a purchase market and how that impact lenders’ pipelines. HousingWire: We know that credit is one of the top reasons mortgage applicants fall out, to what extent does this impact a lender’s pipeline?

Marketing 381
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EquiFi CEO David Shapiro On Scoring Funding from Palisades Group

Realty Biz

News from premier shared equity innovators EquiF i and global credit/asset management company Palisades Group partnering has prompted RealtyBiz’s tighter focus. The latter funding the EquiFi Funding Instrument (EFI ), is of special import given the skyrocketing pricing boom, and especially given all those potential buyers who are affected. . A debt free financing solution with no interest and no monthly payments seems like a perfect solution for so many priced out of homeownership.

Equity 110
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Tech paired with human connection: A mortgage broker’s recipe for success

Housing Wire

When Brad Lawson and Fernando Escaffi founded Charlotte-based PrimeLine Capital in January 2019, they wanted their operation to be all about having fun. Their leadership style is based on treating broker team members like family and ensuring that everyone can have fun and bring their full selves into the office. This philosophy, not being driven by numbers and money but more about personal connections, has led to immense success.

Mortgages 370
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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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Ohio First-Time Home Buyer: 2021 Programs and Grants

The Mortgage Report

First-time home buyers in Ohio can access plenty of help, from special loan programs to cash assistance with their down payments. Learn more here.

Loans 117
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Redwood Trust puts the pedal to the metal

Housing Wire

Redwood Trust CEO Christopher Abate. Redwood Trust Inc. recently unveiled a hint of how 21 st century technology is about to transform the opaque process of securitizing residential mortgages in the non-agency space — via the use of blockchain technology. The Mill Valley, California-based real estate investment trust, or REIT, which operates as a specialty finance house that invests in, acquires and securitizes residential loans, earlier this month announced that it was bringing to market a $449

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Saraghina Closer to Opening Long Awaited Italian Cafe on Dekalb Avenue in Fort Greene

Brownstoner

An Italian cafe is getting closer to an opening on a busy commercial stretch of Fort Greene. Construction fences that were installed prior to the start of the pandemic have recently come down around Saraghina Caffè, a sister establishment to Bed Stuy’s Saraghina, Bar Cicchetti and Saraghina Bakery, at 195… Read More > The post Saraghina Closer to Opening Long Awaited Italian Cafe on Dekalb Avenue in Fort Greene appeared first on Brownstoner.

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“Human infrastructure” is about jobs and housing

Housing Wire

The wrangling in Congress over infrastructure is upon us. The underlying tension continues to be around the fundamental definition of the word. Lawmakers are grappling with whether infrastructure should be considered a more inclusive category of societal needs, or viewed as it has been more commonly portrayed, as roads, bridges, and tunnels. Those who favor the latter bristle when they hear the newly coined term “human infrastructure.

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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.

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Pending home sales jump 8.1% after two months of declines

The American Genius for Real Estate

(REAL ESTATE) Pending home sales are up in August versus July, but are down annually and regional performance varies. The post Pending home sales jump 8.1% after two months of declines appeared first on The American Genius Real Estate.

Sales 105
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Video fo the Week: Take a Virtual Tour of a Striking Beachfront Retreat in Turks and Caicos

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??. Turks and Caicos | Richard Sankar & Joe Zahm, Turks & Caicos Sotheby’s International Realty. This exceptionally priced beach-level two-bedroom, two-bathroom condo with 1,401 square-feet of living space is located on the west-facing corner of the West Bay Club.

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Pending Home Sales Bounce Back in August

RIS Media

Pending home sales rebounded from their summertime slump in August, according to the latest report from the National Association of REALTORS® (NAR). NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, increased by 8.1% last month, climbing to 119.5. While each region experienced a monthly increase in contract signings, year-over-year activity dropped 8.3%, with the northeast seeing the most substantial decline.

Sales 101
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3 Remodeling Projects That Prospective Buyers Desire

RISMedia

By Brentnie Daggett Remodeling is a great way to fix, update or upgrade your home while increasing its value, but costs can add up. It’s important to prioritize the projects that will not only benefit you and your family in your daily lives, but also will attract future buyers if and when the time comes […]. The post 3 Remodeling Projects That Prospective Buyers Desire appeared first on RISMedia's Housecall.

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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.

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Extreme Buyer Competition Might Not Be That Common

RIS Media

The stories are everywhere. Homes that, within days or even hours of going on the market, receive dozens of hyper-competitive offers. Buyers who are not able to waive contingencies, offer well above asking price, or pay in cash are consistently being left behind as either investors or buyers with more courage (or recklessness) are snatching up homes.

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Mortgage and refinance rates today, Sept. 29, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose yet again yesterday. But it was a modest rise and nothing like as damaging as appeared possible first thing that morning. […].

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Evaluating Real Estate Trends: Experts Discuss the Industry’s Future

RIS Media

On Sept. 14, RISMedia held its annual Real Estate CEO & Agent Leadership Exchange , this year co-presented by the National Association of REALTORS® (NAR). The exclusive, full-day, virtual event attracted thousands of industry professionals, featuring broker- and agent-focused sessions with real estate’s most influential and successful executives, brokers, agents, coaches and more.

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NSDCC September Sales, Preliminary

BubbleInfo

It’s early, and the final September sales count will probably wind up around 260 or so, which was normal in the 2013-2017 era. However, the pricing is nuts! The median sales price is 4.5% higher than the median list price! If there were more homes for sale, nobody would be talking about a cooldown!

Sales 97
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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.

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Survey: Despite being a seller’s market, most buyers succeed without breaking a sweat

Realty Biz

In the highly competitive housing market, stories abound of buyers making all-cash offers and using risky strategies such as waiving contingencies in order to make their bids stand out. But for all the anecdotes of bidding wars and frustrated buyers failing time and time again, the reality is somewhat different for the majority. Recently published data from Zillow’s latest Consumer Housing Trends Report shows the average buyer submitted just two offers on a home before one was accepted, up from

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The Royal Café in Jupiter

Waterfront Properties

The best, locals favorite for breakfast in Jupiter is The Royal Café. It is a great residents spot for breakfast and lunch. A hidden gem, that all Jupiter locals and visitors should visit. Royal Café features delicious comfort and healthy choices for breakfast and lunch. The Royal Cafe is known in Palm Beach County, for its excellent service and friendly staff.

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Bed Stuy Queen Anne Three-Family With Pier Mirror, Mantels, Moldings Asks $2.5 Million

Brownstoner

This Bed Stuy Queen Anne is an intriguing one, even with only a glimpse of a few rooms. There is lots of original woodwork, albeit painted, as well as a pier mirror and mantels in the estate condition three-family at 259 Jefferson Street in the Bedford Historic District. Builder… Read More > The post Bed Stuy Queen Anne Three-Family With Pier Mirror, Mantels, Moldings Asks $2.5 Million appeared first on Brownstoner.

As-is 96
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Be Prepared. Be Aware. Be Safe!

RIS Media

REALTORS® encounter job-related risks every day. Even seasoned REALTORS® can miss warning signs or become complacent in their practices. Honor REALTOR® Safety Month by being prepared with protocols in place to protect your agents and office. Learn more at REALTOR® Safety Program website ! The post Be Prepared. Be Aware. Be Safe! appeared first on RISMedia.

Agents 89
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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.