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 395

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 241

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 Mortgages Construction Finance 394

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 119

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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 382

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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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

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.

Loans 374

Loans Fixed-rate mortgage Mortgages Residential 374

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 Mortgages 107

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.

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Marketing Title Technology Mortgages 363

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.

Loans

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

Timothy J. Forrester, chief financial officer at wholesale lender United Wholesale Mortgage (UWM), died Sunday, following a cancer diagnosis and monthslong illness. He was 55. Forrester, of Bloomfield Hills, Michigan, died “following a valiant battle against cancer,” according to an online obituary by the A.J. Desmond & Sons Funeral Home. “He died surrounded by the love of family and friends across the world.” Timothy Forrester.

Mortgages 341

Mortgages Finance Commercial As-is 341

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 103

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 339

Residential Mortgages Investor Development 339

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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

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 99

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

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 97

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 86

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.

Agents

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 84

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 83

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 78

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.

Agents

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 81

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 […].

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Development As-is Marketing 81

Sotheby's International Real Estate

JULY 13, 2022

Featuring curated videos from the most sought-after destinations the world over, discover this week’s Video of the Week. ?. Girdwood, Alaska | Rebecca Ferreira & Jayme Harris, Somers Sotheby’s International Realty. This three-story modern ski home features expansive walls of glass and soaks in views of all seven glaciers. The wrap around balcony offers a great space to not only lounge and entertain guests but to enjoy those magnificent views.

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McKissock

JULY 13, 2022

Just as dark is the absence of light, and cold is the absence of heat, bad customer service in real estate is the lack of something extra. Real estate agents seldom commit blatant errors in their customer service delivery. Rather, their mistakes are of omission : neglecting to provide the little extras, to follow up, to be mindful. Building a real estate operation is all about relationships—and referrals.

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Agents Commercial Closing As-is 65

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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.

Agents

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 86

Marco Santarelli

JULY 13, 2022

The rental market appears poised to turn the corner and demand for rental units is expected to surge in 2022. The rise in rental prices has slowed compared to the previous year, but it is still on an increasing track. While rising rents is a good sign for turnkey rental property owners, it will certainly put millions of renters hit hard by pandemic-related income loss in an even more difficult position.

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Marketing As-is Sales Land 59

Swiftlane

JULY 13, 2022

Looking to learn more about the various building intercom systems in the market? There are hundreds of products depending on the type of the building (apartment, commercial, office, condos), wired vs wireless systems, telephone line vs internet (cloud based) systems. We put together a comprehensive guide to help you understand the types of intercom systems, […].

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Commercial Marketing 59

The American Genius for Real Estate

JULY 13, 2022

The Consumer Price Index (CPI) is far higher than economist expected, so watch for mortgage rates to increase more rapidly than expected. The post CPI hits shocking 9.1%, inflation at new 40-year high appeared first on The American Genius Real Estate.

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Mortgages 59

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.

Sales