Mon.Oct 31, 2022

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What happens after the Fed’s rate hike?

Housing Wire

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good? Over the weekend, The Wall Street Journal brought up this point — that the Fed is mindful that household balance sheets are much better now due to the excess savings built up during the COVID recovery and t

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Taking the Fear out of Saving for a Home

Keeping Current Matters

If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first.

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Layoffs hit Sales Boomerang, Mortgage Coach

Housing Wire

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Workforce reduction came on October 20, and eliminated positions include director of marketing, two enterprise account managers, one enterprise sales manager, content marketing manager, senior enterprise sales manager, head of talent acquisition, product designer, project mana

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5 Shams and Scams You Should Be Leery of as a Homebuyer or Seller

Lighter Side of Real Estate

At this point everyone knows not to fall for the email from a Nigerian prince promising to share his fortune with you if you just send him your banking information. After all, that scam has been around almost as long as the Internet has existed, and most people have seen it at least once! But people don’t buy or sell a house all that often, so real estate scams and shams can be easy to miss to the untrained eye.

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The 2025 Real Estate Roadmap to Success

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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Cavco to acquire competitor Solitaire Homes

Housing Wire

Cavco Industries, a manufactured home company, on Friday announced signing a binding offer for the acquisition of its competitor Solitaire Homes for $93 million. The acquisition includes four manufacturing facilities, 22 retail locations and transportation operations. Cavco is funding the acquisition with cash on hand in its entirety. Other adjustments to the purchase price will be determined when the transaction closes, the date of which is expected to be in Q4 of 2023, according to a statement

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Home Inspection Contingency: Examples, Clauses, and Addendums Explained

Maximum Exposure Real Estate

Buying a home might be the most significant financial commitment you ever make. So it isn’t surprising that you want to avoid extra expenses when purchasing. House inspections are another expense during the home-buying process that you could choose to eliminate. However, choosing not to have a home inspection isn’t an expense you should avoid. […].

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Affordability Expectations Improve as the Typical Buyer Changes

Eye on Housing

Prospective buyers in the third quarter of 2022 are more likely to have higher levels of income and education than earlier in the year. This helps explain why affordability expectations have improved. In the third quarter of 2022, 69% of buyers could only afford a minority of homes for sale in their markets, a much lower share than in the.

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Movement Mortgage names Lyra Waggoner chief information officer

Housing Wire

Movement Mortgage on Friday announced the appointment of Lyra Waggoner as its chief information officer. Her role will focus on technology to drive the company’s growth. Waggoner’s professional career spans 18 years in the mortgage industry. Prior to joining Movement, she was a sales manager at Wells Fargo ; a senior vice president of originations technology at Caliber Home Loans, where she was a founding member of its technology team working on a proprietary loan origination software platform;

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NAR’s Realtor Safety Network is helping to save lives

The American Genius for Real Estate

Realtor safety is of upmost importance to those in the field, especially to those at NAR. Here's how they're helping to save lives.

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Title insurers turn profits even as the market cools

Housing Wire

Third-quarter earnings season kicked off with a bang last week with three ( Stewart, First American and Old Republic ) out of the Big Four title insurers reporting their earnings on Thursday. Given the current volatile mortgage rate environment and related slowdown in homebuyer demand , it was no surprise that all three firms recorded weaker financial results compared to the same quarter a year ago.

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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.

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Social Media in 2023: What to Post to Maximize Your ROI

HomeLight

Enjoying this episode? Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | YouTube. About This Episode. You’re an expert when it comes to the latest real estate industry trends, but social media is a different story. Facebook, Instagram, TikTok, YouTube–there are just too many, and they’re constantly changing.

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Significant Sales: September 2022 Highlights

Sotheby's International Real Estate

From a US$28M sale in Newport Coast, California to a AUD$8M sale in Hamilton Island, Australia, here are five sales represented by the Sotheby’s International Realty® global network in September. Newport Coast, California . CAIN Group | Pacific Sotheby’s International Realty, US$28,825,000. Vittoriosa, Malta. Josabeth Cassar | Malta Sotheby’s International Realty, EUR€5,300,000.

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96 Real Estate Blog Ideas To Dominate Your Local Search Results

Easy Agent Pro

Real estate blogs are a great source of traffic for your website. However, getting eyes on your content isn’t always easy and takes some technique, and coming up with real estate blog ideas can be a challenge. You need content that can stand out and be tailored to your local area. Writing all that content isn’t always easy. Between coming up with content ideas and writing the blogs, it can be a bit overwhelming.

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6 Flat Fee MLS Companies in Illinois to Sell Your FSBO Home

HomeLight

Disclaimer: This post is meant to be used for educational purposes. Links and mentions of Illinois flat fee MLS companies in this post do not constitute an endorsement. Individual program details can change — please visit a provider’s website for the most current information on rate packages, fees, service areas, and more. HomeLight always recommends doing your own research to determine which selling option is best for your situation.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Why Content Marketing Is Important in Real Estate

Realty Biz

Content marketing for real estate agents is a simple concept but incredibly important for any business in the real estate industry. The basic concept of content marketing is creating valuable, relevant content for a targeted audience. If done with an effective content marketing strategy , you can attract and engage with your ideal clients. Megaphone with Great content speech bubble banner.

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How to Drive Profitability with 6 Key Metrics

App Folio

In 2019, ProfitCoach — a property management coaching and consulting organization — completed the industry’s first comprehensive Property Management Financial.

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40 Surprising Real Estate Lead Gen Statistics Every Agent Needs to Know

The Close

In real estate, lead generation is key to keeping your business growing, your income flowing, and deals closing. You must continue filling the top of the funnel in your lead generation process to avoid dry months without pay. Continuous lead generation creates a constant flow of clients to work with that will, in turn, create predictable income. Real estate pros have had little time to focus on proper lead generation for the past couple of years due to the white-hot real estate market.

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The Future Looks Sunny for Florida Real Estate Investing — Here are 8 Markets to Keep Your Eyes On

HomeLight

If you’re looking to invest in Florida real estate, you could be in luck. While the real estate market in Florida was red hot in 2020 and 2021, the market has been shifting a bit as we approach 2023. September 2022 year-over-year data shows a 29.9% decrease in the number of homes sold and a 21.7% decrease in the number of homes listed. At the same time, prices continue to rise steadily, with a 15.1% increase over the year.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Is Florida’s Housing Market About To Get Even More Unaffordable? What You Need To Know

Bigger Pockets

The Sunshine State is hot, both in temperature and in its housing market. Siesta Key Beach on Florida’s west coast is consistently ranked one of the best beaches in the world. […].

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The Latest Breakdown of Total Mortgage Applications

Realty Biz

Mortgage applications from home buyers are nearly half of what it was a year ago — that is the big Halloween spook for the housing industry this year. Total mortgage demand (including refinances) is the lowest that it has been in the last 25 years. The biggest reason for this is clear. The interest rate on mortgages has risen steadily for the past 10 weeks.

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Inventory Watch

BubbleInfo

Last week, the NAR reported that their Pending Home Sales Index for the west was down 11.7% month-over-month, but we are beating the odds. Today there are 144 NSDCC pendings, which is the same number as there were in the first week of September! It’s likely that the local market will mellow down easy now […].

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Opinion: Agents and developers can make a powerful pair

Real Trends

The last three years have taught us quite a bit about the unpredictability and impressionability of the market. They have also shone a light on the critical attributes needed by today’s real estate agents and property developers to survive and succeed. While most understand the potential for profitability and capital growth that transpires when the right agent collaborates with the right developer, we don’t often discuss the commonalities that exist between them from a hard- and soft-skill persp

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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6 Genius Tips for a Smooth House Move When You Have Young Kids

Realty Biz

Life with young kids is never straightforward, and that’s definitely true when you’ve got a major event like a house move to handle. It’s not just the practical realities of preparing for the move while looking after the little ones as well; you’ve also got to think about how the whole process impacts their health and happiness. Rather than putting off a potentially life-changing move because of anxiety over how complex it will be, use the following tips and you’ll get where you want to go witho

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Steel Structure for New Building Inside Domino Sugar Refinery Peeks Over Landmarked Walls

Brownstoner

The steel skeleton of the new glass building to be slotted inside the landmarked walls of the Domino Sugar Refinery appears to be in place, its barrel-vaulted crown peeking over the top of 19th century brick. A recent visit to the site at 292 Kent Avenue revealed progress on… Read More > The post Steel Structure for New Building Inside Domino Sugar Refinery Peeks Over Landmarked Walls appeared first on Brownstoner.

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NSDCC October Sales, Preliminary

BubbleInfo

I’ve been hoping for 100+ sales per month the rest of the way this year. Currently, the October count is 108, so it should get up to around 120 sales by mid-November. Here are the monthly sales and pricing for 2022: NSDCC Detached-Home Monthly Sales & Pricing, 2022 Jan 140 $2,828,988 $2,855,213 $2,234,944 $2,240,000 Feb […].

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DOT Installs New Citi Bike Stations in Bed Stuy, Crown Heights to Follow

Brownstoner

A slew of new Citi Bike stations are popping up around Bed Stuy, Brownstoner has noticed on recent walks around the neighborhood. The majority of the new stations are filling up gaps in the network east of Lewis Avenue, good news for riders who used to have to walk blocks… Read More > The post DOT Installs New Citi Bike Stations in Bed Stuy, Crown Heights to Follow appeared first on Brownstoner.

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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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Renters face charging dilemma as U.S. cities move toward EVs

The American Genius for Real Estate

As the US market becomes more inclined with the idea of EVs and cars that need charging, renters may be facing a roadblock.

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After Years on Market, Brooklyn Heights Federal Wood-Frame House in Contract

Brownstoner

After several years on the market, one of Brooklyn Heights' oldest and most intact houses, 24 Middagh, is finally in contract. While we won't know the price until the sale closes and hits public records, the latest ask that appears on the listing is $4.25 million. It listed for $7… Read More > The post After Years on Market, Brooklyn Heights Federal Wood-Frame House in Contract appeared first on Brownstoner.

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Unlawful Detainers and What You Should Know About Them as a Tenant

Redfin

Something no renter wants to receive is an unlawful detainer. An unlawful detainer is a lawsuit to evict a tenant and they vary greatly from state to state. Whether you’re a landlord, property manager, or tenant, dealing with unlawful detainers is less than ideal. Continue reading below to learn more about unlawful detainers, what to do if you receive one, and how you can avoid them.

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Prospect Heights Brownstone With Mantels, Pier Mirror, Built-ins Asks $3.995 Million

Brownstoner

In the Prospect Heights Historic District, this 1890s brownstone has many of the expected details of the era still in place along with room for a new owner to make a few modern tweaks. A short walk from Grand Army Plaza, 290 Park Place has been in the same family… Read More > The post Prospect Heights Brownstone With Mantels, Pier Mirror, Built-ins Asks $3.995 Million appeared first on Brownstoner.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.