Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. I talked about having a 23% price-growth model for the housing market in the years 2020-2024 as a critical marker of balanced growth versus overheating, especially as inventory had been falling for years right into our critical demographic patch.

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Sales Mortgages Construction Marketing 540

Keeping Current Matters

JULY 13, 2022

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait?

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Marketing 293

Housing Wire

JULY 13, 2022

High lumber prices are often blamed for high home prices. I recently saw a $60k home price reduction offered by a builder because “lumber prices have fallen…we are passing that savings to you.” That just doesn’t add up. In a blog post from January 4 , the National Association of Home Builders said that the 167% rise from last summer’s low lumber prices to over $1,000 per thousand board feet (mbf) added only about $18,600 to the cost of a home.

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Title Construction Mortgages Finance 435

Maximum Exposure Real Estate

JULY 13, 2022

If you are the owner of a condemned property, you may wonder what will happen to your house. Condemned houses often bring a certain amount of curiosity. You may have even driven by condemned houses with signs saying as much. There are likely no trespassing signs to keep people away from what could be a […]. The post What is a Condemned House and What Happens to The Owner appeared first on Maximum Real Estate Exposure.

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As-is Marketing 125

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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.

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Housing Wire

JULY 13, 2022

Demand for mortgages declined for the second consecutive week, led by a dip in purchase mortgage applications — despite rates on a downward trend. The market composite index, a measure of mortgage loan application volume, decreased 1.7% for the week ending July 8, according to the Mortgage Bankers Association (MBA). The refinance index rose 2% from a week earlier and the purchase index dropped 4%.

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Mortgages Fixed-rate mortgage Loans Residential 418

Lighter Side of Real Estate

JULY 13, 2022

Many headlines would have you believe that bidding wars and houses selling for over the asking price are a thing of the distant past. But it was only a few weeks ago that buyers wouldn’t have dreamed of finding a house where that wasn’t the situation. There have certainly been signs of the market softening a bit in favor of buyers, but bidding wars are still a thing, as well as houses fetching offers over asking price—even if it isn’t happening on every listing.

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Inspection Banks Sales Loans 125

Eye on Housing

JULY 13, 2022

Consumer prices reached a new 40-year high in June as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the fourth straight month for inflation above an 8% rate and was the largest year-over-year gain since November 1981. Both energy and shelter index recorded their largest annual gains since April 1980 and February.

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Housing Wire

JULY 13, 2022

June was a rough month for jumbo-mortgage securitizations, with only two private-label offerings brought to market valued at roughly $821 million. The two jumbo-loan deals that did make it out of the gate last month were issued by Rocket Mortgage and J.P. Morgan Chase via the Rocket Mortgage Trust and J.P. Morgan Mortgage Trust conduits. The Rocket prime jumbo deal was backed by mortgages valued at $337.9 million and the J.P.

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Loans Fixed-rate mortgage Mortgages Residential 418

HomeLight

JULY 13, 2022

If you’re selling your home, you may be wondering if and when you need a certificate of occupancy (CO) that shows your home is safe to occupy. Or, maybe the requirement came up during your home sale and you’re wondering what it is and why you need one. In this article, we explain what a certificate of occupancy is and when you might need one during your home sale.

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Inspection Renovation Residential Commercial 111

Housing Wire

JULY 13, 2022

June was a volatile month for mortgage rates and for lenders having to adapt quickly to changing conditions. Some of our top stories covered layoffs as lenders try to match staffing needs with volume. Other top stories looked to make sense of the new environment, including: · How mortgage lenders are navigating life at 6%. · Housing starts data raises 5th recession red flag. · CFPB to review QM rule.

Marketing 418

Marketing Title Technology Mortgages 418

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.

Industrial

HomeLight

JULY 13, 2022

We’ve all heard the adage “safety first.” As children, messages promoting safety are ingrained in our minds. “Never talk to strangers.”. “Never play with fire.”. “Be home before dark.”. While driving, we see constant reminders on the highway to “buckle up for safety.”. And it doesn’t stop there. In the working world, this push for safety is second-nature in many professions.

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Agents Title As-is Construction 111

Housing Wire

JULY 13, 2022

One of the largest barriers to homeownership is affordability and access. Former Zillow CEO, Spencer Rascoff, has recognized that obstacle and uses his business and real estate insight to tear it down. That is why HousingWire is thrilled to have Rascoff as a headline speaker at HW Annual October 3 – 5th 2022. On Wednesday morning, Rascoff’s 20-plus years of experience will shine on the HW Annual stage.

Technology 416

Technology Staging Equity Brokerage 416

Fancy Pants Homes

JULY 13, 2022

Remember those early 2000s flicks, 28 Days and 28 Days Later ?… Well, that’s precisely how long it took for Christian Bale’s house in the 2019 movie Ford v Ferrari to find its newest owner. Basically, this house got to the finish line in record time — pun intended — and it’s easy to see why. Located on Meridian Street in L.A., this otherwise unassuming house was listed roughly a month ago by Compass’ Ryan Sypek and Tristan Fong , with an asking price of $1,250,000.

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Land Design Sales As-is 110

Housing Wire

JULY 13, 2022

Driven by surging prices in gasoline, shelter and food, inflation in the U.S. hit 9.1% in June, the highest level in 40 years, the Bureau of Labor Statistics reported Wednesday. The news raises the specter that the Federal Reserve will raise the benchmark rate by 75 or even 100 basis points at its upcoming July meeting. In June, the Consumer Price Index (CPI) reached 1.3% seasonally adjusted, up from 1% in May.

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Marketing Mortgages Investor As-is 397

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The American Genius for Real Estate

JULY 13, 2022

This audio-to-video podcast tool helps podcasters to market smarter on social media and attract new listeners with options like soundwaves and subtitles. The post This beautiful podcast-to-video tool will ramp up your marketing appeared first on The American Genius Real Estate.

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Marketing 105

Housing Wire

JULY 13, 2022

ESG investing — that is “environmental, social and governance” money management — goes by many monikers. Some call it “sustainable investing,” others “impact investing.” The United Nations, which coined the term two decades ago in the wake of the Enron and Exxon Valdez scandals, sometimes refers to it as “inclusive investing.” All these phrases imply that capitalism can consider factors outside of quarterly earnings when making investment decisions.

Residential 396

Residential Mortgages Investor Development 396

Real Trends

JULY 13, 2022

Being a real estate agent is an exciting and rewarding career that offers incredible flexibility for you and your family. While having the ability to work remotely and choose your hours comes with significant benefits, it also poses challenges. As does today’s new market. Working, at least some of the time, from home requires lots of self-discipline and planning, especially when you have a spouse, partner, or young children who also need your attention.

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Agents Property Management Marketing Branding 103

BubbleInfo

JULY 13, 2022

Today, there are 160 pending listings between La Jolla and Carlsbad, and 36 sales have closed this month so far – and currently, there are 470 active listings with a median list price of $2,997,000. It means that the July sales will be under 200 for the second month in a row (June’s total is […].

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Closing Sales Marketing 103

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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.

Agents

Jason Fox

JULY 13, 2022

How to Make a Free, Personalized Google Review Flyer in 7 Steps. Reviews are a huge factor in both search engine rankings and customer purchasing decisions. For local businesses, Google reviews are especially important because they show up on Google searches and in Google Maps, two of the online platforms with the most traffic. However, reviews rarely just flow in naturally- most businesses have to ask for.

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Marketing 98

Brownstoner

JULY 13, 2022

In the News Relief Eludes Many Renters as Fed Raises Interest Rates [NYT] Celebrating Eid, and Yemen, in Brooklyn [NYT] As Sixth Covid Wave Hits, Many New Yorkers Shrug It Off [NYT] Pols, Locals Rip Quality of Care at Maimonides Medical Center [NYP] Dusty Buns Now Sold at Brooklyn’s ‘Stranger Things: The Experience’ [NYDN] Entrepreneurs Aim… Read More > The post Daily Links: Soul Summit Returns to Fort Greene Park After Covid Hiatus appeared first on Brownstoner.

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Real Trends

JULY 13, 2022

Pending home sales are being canceled at the highest rate in years as buyers reckon with a brutal housing market, according to a Redfin report released on Monday. The analysis found that roughly 60,000 deals under contract fell through in June nationwide. This is equivalent to 14.9% of homes that went under contract that month and represents the highest percentage in Redfin’s records which go back to 2017, with the exception of March and April 2020 at the onset of the COVID-19 pandemic.

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Marketing Inspection Mortgages Sales 90

Brownstoner

JULY 13, 2022

Breaking boundaries and blending mediums and techniques in art, textile design, and activism, Bed Stuy-based artist Malene Barnett celebrates the experiences and traditions of the African diaspora in her work. After helping boost the profile of fellow Black creatives with the founding in 2018 of the curated collective Black Artists… Read More > The post Artist Malene Barnett Celebrates the African Diaspora With New Work appeared first on Brownstoner.

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Design 98

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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.

Agents

Agent Fire

JULY 13, 2022

Major shifts in the real estate market are inevitable, but not easy to adapt to. Here is how real estate agents can prep and flourish in a changing market. 12 Ways Real Estate Agents Can Adapt and Thrive in a Market Shift is just one of many great real estate strategies on The Spark.

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Agents Marketing 87

Brownstoner

JULY 13, 2022

For the buyer who sees the potential, this Marine Park single-family has period details, including a rumpus room, along with parking and a location near the neighborhood's eponymous park for under the million dollar mark. The brick semi-detached Tudor Revival-style house at 2044 East 38th Street with a peaked front,… Read More > The post Marine Park Semi-Detached Tudor With Retro Kitchen, Deco Bathroom, Parking Asks $825K appeared first on Brownstoner.

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Marketing 98

Realty Biz

JULY 13, 2022

Rental listings platform Apartments.com has announced a partnership with Rently that will see it integrate self-guided tours with its listings. Rently is a self-touring and smart home proptech startup. Thanks to the integration with Apartments.com’s listings, users will be able to tour rental listings directly at a time that’s convenient to them. “We believe the process of finding a new apartment should be made easy for renters and efficient for real estate operators,” said Rently CEO Merrick La

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Technology As-is Agents Marketing 80

Brownstoner

JULY 13, 2022

Workers were busy at the beleaguered former home of 19th century abolitionists in Downtown Brooklyn when Brownstoner stopped by Monday -- a possible sign that stabilization of the landmarked but neglected building might be inching forward. A temporary safety railing has been installed on top of the early 20th century… Read More > The post Workers Spotted at Crumbling Abolitionist Landmark in Downtown Brooklyn appeared first on Brownstoner.

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Renovation 98

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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.

Sales

Mashvisor

JULY 13, 2022

In the first quarter of 2022, mortgage delinquencies went up, according to an Office of the Comptroller of Currency (OCC) survey of several banks.

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Banks Mortgages Investor Finance 73

BubbleInfo

JULY 13, 2022

To rank America’s Top States for Business in 2022, CNBC scored all 50 states on 88 metrics in 10 broad categories of competitiveness. Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials. That way, our study ranks the states based on the attributes they […].

Development 73

Development As-is Marketing 73

Redfin

JULY 13, 2022

Moving in with a significant other or a friend can have its ups and downs. But, finding a roommate you know nothing about – whether it’s someone you found on Craigslist or an acquaintance you know little about – can be a bit intimidating. Before signing a lease or agreeing to live together, learning as much about your potential roommate as possible is important.

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Finance As-is Property Management Staging 69

RISMedia

JULY 13, 2022

By Anica Oaks Real estate is a very competitive industry. Whether you're a landlord, investor or management company, your website can play a vital role in your success. You can use your website to draw more customers to your real estate business, ultimately gaining new clients and exceeding your goals. Here are a few ways […]. The post How to Use Your Website to Improve Your Real Estate Business appeared first on RISMedia's Housecall.

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Investor Industrial 68

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