Housing Wire

OCTOBER 31, 2022

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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Bankruptcy Lending Equity Mortgages 517

Keeping Current Matters

OCTOBER 31, 2022

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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Housing Wire

OCTOBER 31, 2022

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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Sales Mortgages Loan Officer Loans 409

Realty Biz

OCTOBER 31, 2022

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.

Marketing 119

Marketing Branding Agents Industrial 119

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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.

Agents

Housing Wire

OCTOBER 31, 2022

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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Commercial Residential Industrial Closing 364

Sotheby's International Real Estate

OCTOBER 31, 2022

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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Sales Brokerage 115

Eye on Housing

OCTOBER 31, 2022

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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Sales Marketing 108

Housing Wire

OCTOBER 31, 2022

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;

Mortgages 364

Mortgages Loan Officer Loans Technology 364

Maximum Exposure Real Estate

OCTOBER 31, 2022

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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Inspection contingency Inspection 106

Housing Wire

OCTOBER 31, 2022

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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Title Marketing Commercial Investor 340

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

BubbleInfo

OCTOBER 31, 2022

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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Sales As-is Marketing 105

Realty Biz

OCTOBER 31, 2022

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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Mortgages FHA loan Lending Loans 104

App Folio

OCTOBER 31, 2022

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

Property Management 105

Property Management 105

Realty Biz

OCTOBER 31, 2022

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

As-is 99

As-is Marketing 99

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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

The American Genius for Real Estate

OCTOBER 31, 2022

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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The Close

OCTOBER 31, 2022

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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Agents Closing Design As-is 86

Real Trends

OCTOBER 31, 2022

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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Development Agents Branding Design 79

Bigger Pockets

OCTOBER 31, 2022

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. […].

Marketing 85

Marketing 85

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

BubbleInfo

OCTOBER 31, 2022

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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Sales Marketing 81

Bigger Pockets

OCTOBER 31, 2022

Office investments were supposed to be dead by now. 2020 was supposedly the great exodus, where on-site workers were freed of their commutes, small talk, and trips to the water […].

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Brownstoner

OCTOBER 31, 2022

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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The American Genius for Real Estate

OCTOBER 31, 2022

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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Marketing 69

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

OCTOBER 31, 2022

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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Marketing Closing Sales 75

Windemere Buying

OCTOBER 31, 2022

A trope as old as horror movies: a family moves into a beautiful house that they bought for well under market value. They’ve put all their savings into the move, and they’re looking for a fresh start. When they meet the neighbors and other townsfolk, they quickly learn that there’s a history to the home they weren’t aware of. . At first, it’s easy to chalk these abnormal experiences up to common symptoms of buying a fixer-upper.

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Seller disclosure Sales Agents As-is 52

Brownstoner

OCTOBER 31, 2022

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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Development 74

Real Trends

OCTOBER 31, 2022

How are you supposed to accurately price your listings in today’s shifting market? In a hot seller’s market, you could use the highest, most recent comparable sale, add a little (sometimes a lot), and still sell the home with multiple offers. The market decided just how much over the list price it would sell for. If the house didn’t appraise for that price, then the winning buyer would have to make up the difference to the seller with cash out of pocket.

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Pre-qualification Sales Agents MLS 52

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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

Brownstoner

OCTOBER 31, 2022

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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Marketing 71

CT Homes

OCTOBER 31, 2022

In the world of real estate, time is money. With every rehab property, you work on it is essential that you find a buyer as quickly as possible. The interest payments, insurance, and taxes don’t stop until your property gets sold. The first 24 hours of any new listing is the best time to generate interest. The longer your property goes unsold the harder selling becomes.

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Staging Closing Agents Finance 52

Brownstoner

OCTOBER 31, 2022

In the News Why Is New York Still Building on the Waterfront? [NYT] Workers at Trader Joe’s in Brooklyn Reject Union [NYT] Tower Records Returns With a Brooklyn Gathering Place [NYT] Mental Health Crisis in East New York Sparks Growing Alarm [NYDN] Advocates Rally at Brooklyn Housing Court Over Right to Counsel Law [Eagle] Brothers Open… Read More > The post Daily Links: East New Yorkers Say More Supportive Services Needed for Growing Mental Health Crisis appeared first on Brownstoner.

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Redfin

OCTOBER 31, 2022

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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Property Management As-is 55

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