Fri.Sep 10, 2021

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Wells Fargo to pay $250 million for “reckless practices”

Housing Wire

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week. According to the OCC, the fine is also a result of the bank violating the terms of a 2018 compliance consent order , which alleged that Wells Fargo did not implement or maintain a compliance risk management program proportionate with the bank’s size, complexity and risk pro

Lending 468
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Fact or Fiction: Homebuyer Edition [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. When it comes to the current housing market , there are multiple misconceptions – from what the current supply of available homes looks like to how much houses are selling for. It takes professionals who study expert opinions and data to truly understand the real estate market and separate fact from fiction. Trust the pros. Reach out to an agent today to see why it’s still a good time to buy.

Agents 313
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Orchard reaches unicorn status with $100M funding round

Housing Wire

Orchard , which operates a home-buying and selling platform, announced it has raised $100 million in Series D funding at over a $1 billion valuation. Accomplice led the round with participation from repeat Orchard investors FirstMark , Revolution Growth , First American , Juxtapose and a syndicate of new investors. Last year, the company completed a $69 million series C funding round.

Lending 417
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Tracking the Geography of Home Building: Housing Affordability Metrics

Eye on Housing

Housing affordability has gained increased attention in recent quarters due growing home prices and rents. For the second quarter of 2021, NAHB’s Home Building Geography Index (HBGI) explored a geographic measure of housing affordability using Price-to-Income ratios of all counties in the United States1 to map the geography of single-family and multifamily construction.

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Welcome to the Future of Hospitality: Smart Rooms Start Here

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

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FHFA’s equity plan: Too much or not enough?

Housing Wire

The day after Labor Day, the nation’s top housing regulator announced that its regulated entities, which control half the nation’s $11 trillion housing market, would have to come up with plans to address racial equity. The Federal Housing Finance Agency ’s decree came with a tight deadline for Fannie Mae and Freddie Mac. The two government sponsored enterprises would have less than four months to submit and implement the plans which, along with annual progress reports, the FHFA vowed to make pub

Equity 387

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The future of the independent mortgage broker channel

Housing Wire

Currently, one in five, or roughly 20%, of consumers work with an independent mortgage broker. With their strong, personal relationships, endless loan options and access to technology, we expect that number to continue to grow as more and more consumers become educated on the value brokers add to the home-buying experience. This past year and a half brought on challenges we never saw coming.

Mortgages 375
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Luxury Real Estate Headlines: First Week in September 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Great Neck, New York | Irene Sarraf, Jason Friedman, & Rudi Friedman, Daniel Gale Sotheby’s International Realty . Great Neck, the stretch of Long Island that inspired Gatsby’s home of West Egg, has an opulent mansion for sale that harkens to the pages of this literary classic.

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The Real-Life Home Alone House: Then and Now

Fancy Pants Homes

Home Alone, the cult classic comedy which turned Macaulay Culkin into one of the most recognizable child actors ever, is as present on our TV screens now as it was when it was first released in November 1990. The story of eight-year-old Kevin McCallister — who, accidentally left behind by his family during the holidays, is forced to defend his home from two dimwit burglars — is arguably the best Christmas movie of all time.

As-is 130
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Cincinnati Housing Market: Prices | Trends | Forecast 2021-2022

Marco Santarelli

We will discuss the latest Cincinnati real estate market trends & news and find out how they can affect the investors and homebuyers in the second half of 2021. Cincinnati is a sizzling hot housing market due to low housing inventory and relatively higher demand. Cincinnati, like many other Midwestern cities, is ticked off among those that used to be great.

Marketing 119
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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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AppFolio Wins Best AI-based Solution for Real Estate

App Folio

Thanks to artificial intelligence, property management is in the early stages of a technological revolution. But you may be wondering.

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5 Ways to Passively Invest in Real Estate

Realty Biz

If you’re looking for proven ways to beat inflation and generate wealth, real estate is likely your best bet. According to the Federal Reserve Bank of San Francisco , real estate investing offers many advantages over other investments — including stocks. Over time, the Fed says, real estate values appreciate more, and real estate investments enjoy unique tax advantages.

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Georgia First-Time Home Buyer: 2021 Programs and Grants

The Mortgage Report

If you're a Georgia first-time buyer, you're in luck. The state offers loads of help — perhaps including cash assistance with your down payment.

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NAR’s REALTOR® Relief Foundation Raises Millions For Disaster Victims

RIS Media

During some of the worst disasters and tragedies over the last two decades, stepping in to provide comfort, support and aid have been REALTORS®. Whether it is on the ground in the days after devastating storms or in the frightening, uncertain days and hours following the terrorist attacks of Sept. 11, the National Association of REALTORS® (NAR) have been front and center in relief efforts—both nationally and in their own individual communities.

As-is 111
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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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Where Are Home Prices Headed in Late 2021?

American Lifestyle

The post Where Are Home Prices Headed in Late 2021? appeared first on American Lifestyle Magazine.

Mortgages 111
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Mortgage and refinance rates today, Sept. 10, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower again yesterday. So they show little sign of moving out of the narrow range within which they’ve been drifting without […].

Mortgages 105
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6 Ways to Stage Your Garage

American Lifestyle

The post 6 Ways to Stage Your Garage appeared first on American Lifestyle Magazine.

Staging 105
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Top 12 Best Restaurants in Edmonds, Washington

Mandrona Group

A vibrant city located just 15 miles north of Seattle and 18 miles south of Everett, Edmonds Washington is a picturesque waterfront… Continue Reading Top 12 Best Restaurants in Edmonds, Washington.

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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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Market Slowing

BubbleInfo

Great thoughts from Ryan at www.sacramentoappraisalblog.com: Now let’s talk about slowing. I’ve had a number of emails lately critiquing my use of the word “slowing,” so I wanted to talk about this openly. I hope that’s cool. If this isn’t your thing, just scroll down. By the way, I’m always good with constructive critique too. […].

Marketing 105
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Open house visits are effective to buy homes in Dubai

Agent Drive

Many people normally look around for a house in Dubai. If you are desperate to buy a home in Dubai, you need to move forward with some advanced options. It is not always the ad searches and accessing the real estate agents that bring you success. Sometimes, you need to accept and adopt some of […]. The post Open house visits are effective to buy homes in Dubai appeared first on AgentDrive.

Agents 104
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How Much Does It Cost To Build a House—and Is It Cheaper To Buy or Build?

Realtor.com

How much does it cost to build a house—and is it cheaper to buy or build a house? Here we compare the costs, pros and cons of buying vs. building a house. The post How Much Does It Cost To Build a House—and Is It Cheaper To Buy or Build? appeared first on Real Estate News & Insights | realtor.com®.

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Canadian Debt Will Be Cheap Going Forward, But Not THIS Cheap: BMO

Better Dwelling

Canadian debt is dirt cheap, but it won’t be this cheap forever, warns BMO. Douglas Porter, the bank’s chief economist, expects the cost of borrowing to remain “low for long.” He just doesn’t see it being quite as low as the current stimulus driven environment. As governments taper stimulus to fund its spending, borrowing rates […].

As-is 103
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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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Calcium: The Key to Strong Bones

RIS Media

The post Calcium: The Key to Strong Bones appeared first on RISMedia.

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Warriors for the Winged

American Lifestyle

The post Warriors for the Winged appeared first on American Lifestyle Magazine.

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Housing Price Growth Breaks Record, but Likely to Slow

RIS Media

A new report has found that the explosive growth rate in housing prices has reached historic levels, with a year-over-year gain of 18% in July coming in as the highest 12-month increase since that data index was created in 1976. After extremely limited supply and superheated demand fueled these increases, the recent report by analytics company CoreLogic anticipated significantly slower growth over the next year, projecting 2.7% growth in home prices between July of 2021 and July of 2022.

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Cyclists Take a Sneak Peek at the Brooklyn Bridge Bike Lane Before Official Opening

Brownstoner

Some pedal pushers got an early taste of the long-awaited Brooklyn Bridge bike lane, which will officially open in the coming weeks -- allowing cyclists to finally cross the East River without competing for space with pedestrians. “It’s a little narrow, a little stinky,” said Twitter user @_streeter in a… Read More > The post Cyclists Take a Sneak Peek at the Brooklyn Bridge Bike Lane Before Official Opening appeared first on Brownstoner.

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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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Do This, Not That: Real Estate Marketing Fundamentals

RIS Media

These days, it seems like there are many ways to run a real estate marketing strategy—but only a few will set you apart from the crowd. A strong real estate marketing plan should be grounded in the fundamentals. Rather than relying on the flashiest new technology to generate leads, agents who want to ensure their longevity in the industry should tap into timeless business principles, like building relationships and providing exceptional service.

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Daily Links: Annual Bushwick Open Studios Event Will Return on September 17

Brownstoner

In the News How the Mayor's Big Decision Could Upend School Admissions [NYT] Aldi Opens New Store at Flatbush Junction in Midwood [BP] Brooklyn Murals Paint Pictures of Remembrance, 20 Years After 9/11 [The City] Mayor Announces Waiver of Fees as Part of Ida Recovery Response [Cityland] Rally Against Anti-LGBTQ+ Hate Held in Bushwick After… Read More > The post Daily Links: Annual Bushwick Open Studios Event Will Return on September 17 appeared first on Brownstoner.

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Foreclosure Activity Increases After Moratorium Lifts

RIS Media

Though it’s not the wave economists predicted last year , foreclosure activity did increase once the moratorium finally lifted, according to reports from ATTOM Solutions. ATTOM released its August 2021 U.S. Foreclosure Market Report on Sept. 9, showing a 27% increase in foreclosure starts in August, the first month since the government moratorium was lifted.

Loans 98