Housing Wire

OCTOBER 21, 2022

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Based on decreases in borrowers’ mortgage inquiries, early payoff (EPO) of mortgages and new home listings in the third quarter, Sales Boomerang ‘s latest mortgage opportunities report outlined potential dealmaking strategies for lenders in

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Sotheby's International Real Estate

OCTOBER 21, 2022

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Petosky, Michigan | Harbor Sotheby’s International Realty. The superlatively priced Walloon Lake home has a golf simulator, a full-size bar and a boathouse. Lavish Lake House Selling for $18 Million, Tying for Michigan’s Most Expensive Listing – Mansion Global.

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Design Agents Sales Marketing 111

Housing Wire

OCTOBER 21, 2022

As mortgage rates continue to rise, originations are not the only side of the industry affected. So how is the servicing sector reacting? “The most basic thing that we’re seeing right now is mortgage rates increase and payoffs decrease because of fewer opportunities to refinance a loan,” said Eric Friedman, managing director of Servicing at Acra Lending.

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Mortgages Lending Loans Investor 370

Fancy Pants Homes

OCTOBER 21, 2022

Whether we like it or not, our homes — be it the way they’re decorated, styled, and maintained — say a lot about our personality. If you too would like your interiors to be a more accurate representation of your style and quickly add a touch of class and sophistication to your home, you should consider getting a wall paneling kit. It will allow you to easily add style to your home without spending a lot of money.

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Agents

Housing Wire

OCTOBER 21, 2022

Ginnie Mae on Friday announced that it has extended the mandatory implementation date of its controversial risk-based capital requirement (RBC) for nonbanks to Dec. 31, 2024. The rule — which reduced the minimum risk-based capital ratio from 10% to 6%, but put a 250% risk weight on the MSR asset and the dollar-for-dollar deduction from capital for excess MSRs — was set to go into effect at the end of 2023.

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VA loan FHA loan Loans Banks 370

Real Trends

OCTOBER 21, 2022

Are we on the all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? Is the bubble bursting? Do you feel confused and stressed yet? Us too. So let’s drill down on what’s actually happening, what it means, and what you should do. Inventory is rising. The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market.

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New Construction Equity Short sale Construction 105

Realty Biz

OCTOBER 21, 2022

When it comes to real estate, Instagram is one of the best platforms to post photos and videos. It’s also a great way to show off your work, meet new clients, and create opportunities for yourself. In the past, we've shown you how to promote your Instagram real estate page with some Instagram marketing tips for real estate businesses. However, with the introduction of Instagram Reels—an in-app feature similar to the TikTok video-sharing platform—you probably have seen real estate agents who succ

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Agents Staging Branding Renovation 101

Toronto Realty Blog

OCTOBER 21, 2022

TorontoRealtyBlog. Once upon a time, I would have labeled this a “Friday Rant.” Perhaps I’m older and wiser? Or maybe I’m just older and slower… Once upon a time, I’d have filmed this video while extremely agitated, ranting , and with no room for anybody’s opinion, other than my own. The truth is: I have no idea what this city is going to look like in twenty years, so while I personally think it’s insane to take away a lane of traffic on a major s

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As-is 90

Fancy Pants Homes

OCTOBER 21, 2022

If we were to ask you to imagine your dream home, what would your mind conjure up? Perhaps you’d love a penthouse in the skies or a palatial property with sweeping gardens. What about a lush forest paradise away from civilization or an opulent oceanfront property? Maybe a hillside mansion with an infinity pool or a good ol’ swanky apartment in a coveted address is more your style.

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Bigger Pockets

OCTOBER 21, 2022

A new report by Fannie Mae points to a strong possibility of a recession and a housing market downturn in 2023. With major economic factors continuing to point toward a recession in […].

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Marketing 85

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

Brownstoner

OCTOBER 21, 2022

Digging into the history of an old house can lead to the uncovering of all sorts of interesting and quirky tidbits. In the case of this Rhinebeck villa, the construction date is usually noted as circa 1870, and a New Year's poem provided a tantalizing clue confirming that date. The… Read More > The post Detail-Filled Rhinebeck Villa With Construction Date Verified by a Poem, Yours for $2.35 Million appeared first on Brownstoner.

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Construction As-is 75

Bigger Pockets

OCTOBER 21, 2022

A cash offer almost always gets a seller’s attention. Whether someone comes in low or high, the prospect of a smooth closing without any loan contingencies is often more than […].

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Loan contingency Loans Closing 79

Brownstoner

OCTOBER 21, 2022

Our picks for open houses to check out this weekend are found in Midwood Park, Bay Ridge and Bed Stuy. They range in price from $1.295 million to $1.95 million. In the Midwood Park section of the Fiske Terrrace-Midwood Park Historic District, this circa 1904 Colonial Revival was designed by the… Read More > The post A Midwood Park Standalone With a Garage and Two Others to See, Starting at $1.295 Million appeared first on Brownstoner.

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RISMedia

OCTOBER 21, 2022

By Dixie Somers When you think of a dining room, you probably imagine a dining table, chairs and not much else. Obviously, the dining set is the most important factor, but what about the rest of the room? The way you decorate this space will set the tone for every meal, conversation and experience had […]. The post 4 Unique Furniture Pieces to Decorate Your Dining Room With appeared first on RISMedia's Housecall.

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Sales

Housing Wire

OCTOBER 21, 2022

The parent company of mortgage servicing rights clearinghouse Marlin Mortgage has struck a deal to acquire 100% of the outstanding equity of direct-to-consumer mortgage lender LoanFront. Terms of the deal were not disclosed and it requires regulatory approval. In acquiring New Jersey-based LoanFront, private equity-backed Marlin would be absorbing a lender that retains its MSRs and focuses on FHA originations.

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Mortgages FHA loan Equity Banks 74

Brownstoner

OCTOBER 21, 2022

In the News For a ‘Real’ Two-Bedroom, Which Borough Offered More for Their Money? [NYT] Mayor Says NYC Schools to Add Diwali Holiday to Calendar [NYP] Bed Stuy 'Walls' Looks to Bring Art to the Streets [Patch] Ethyl’s, a Novelty Disco Dance Bar, Opens in ‘Burg [BK Reader] NYC Had 88,830 Vacant Rent-Stabilized Units Last… Read More > The post Daily Links: Tally of Vacant Stabilized Rentals Climbs, Exceeds Homeless Population appeared first on Brownstoner.

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BubbleInfo

OCTOBER 21, 2022

We’ve been on this case since February helping to direct the final repairs and improvements in preparing for sale. In the beginning, there were hopes of listing for as much as $1,500,000, but as the market conditions developed, we have to be smart about pricing. It’s like a quarterback leading his receiver – we have […].

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Development Sales Marketing 59

Agent Fire

OCTOBER 21, 2022

Discover the differences between IDX vs MLS, how they relate to each other, and why they are essentials in modern real estate. IDX vs MLS: What Do These Acronyms Mean In Real Estate? is just one of many great real estate strategies on The Spark.

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MLS 63

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

Mashvisor

OCTOBER 21, 2022

The US rental market continues to suffer from the ill effects of inflation. At present, what do authorities say about rent growth in the US?

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Marketing Investor 74

Lab Coat Agents

OCTOBER 21, 2022

Let’s talk about real estate showings! To us, showings are the most important part of the home buying process. Conducting showings is not only an opportunity for agents to connect more deeply with their clients, but in most cases, it is the exact moment when clients decide they want to buy a home or not. Let’s call showings the point of sale in the home buying process.

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1000Watt

OCTOBER 21, 2022

I have a problem with public speaking. Every once in a while I have the idea that I need to get out there and give some talks. Meet new people. Show face. Step away from the screen. Plus, giving a talk, like writing, forces me to think. It’s good intellectual exercise. I know this. Then a couple weeks before a scheduled talk, it comes: What was I thinking?

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Branding Development Agents Brokerage 52

BubbleInfo

OCTOBER 21, 2022

I inputted my new listing around 10am this morning, and the first agent to inquire must have been within a block away. Another showed it at 12:15, and at 12:40 she called me to say they are writing an offer too. Within three hours on being on the MLS, we have EIGHT showings scheduled! There […].

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MLS Agents 45

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

The American Genius for Real Estate

OCTOBER 21, 2022

Making more money while working can cause you to spend a little extra money, but trying to keep that level of comfort is hard.

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Finance 49

Brownstoner

OCTOBER 21, 2022

The yellow shedding trees of Cuyler Gore Park in Fort Greene matched the clothing of many of the people gathered to the unveil of the first National Votes for Women Trail historical plaque in New York City on Saturday. Yellow, purple and white are the emblematic colors of the Women’s… Read More > The post Plaque Honoring the Work of Black Women in the Battle for Suffrage Unveiled in Fort Greene appeared first on Brownstoner.

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Housing Wire

OCTOBER 21, 2022

Local markets is a HousingWire magazine feature spotlighting housing trends across the country. Phoenix, Arizona. Phoenix has arguably been one of the hottest housing markets in the country over the past two years, but as mortgage rates have climbed, demand has cooled and inventory has risen dramatically. At some points during the summer, the active listing count for the Phoenix-Mesa-Scottsdale metro area topped 10,000, according to data from St.

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Easy Agent Pro

OCTOBER 21, 2022

Diving into a career as a real estate agent means learning all about the different facets and terms associated with the job. In addition to getting your license, marketing campaign, and websites established, you’ll need to learn about certain parts of the job so you enter agreements from a well-informed standpoint. Real estate commission splits are something that many people don’t know too much about before starting their career but they make a significant difference in how much you make as an a

Brokerage 101

Brokerage Agents Sales As-is 101

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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

Housing Wire

OCTOBER 21, 2022

On Thursday the National Association of Realtors reported that we had a 23.8% year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. Earlier in the year, I labeled this a savagely unhealthy housing market based on the premise that Inventory would break to all-time lows, creating forced bidding and causing days on the market to collapse.

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Redfin

OCTOBER 21, 2022

Las Vegas is known as the Entertainment Capital of the World, so it’s no surprise that there are plenty of fun activities in the city. But aside from the numerous casinos and shows, there are plenty of ways to enjoy the outdoors in and around the city. So whether you live in the Twin Lakes neighborhood or a West Las Vegas apartment , take advantage of these fun outdoor activities in Las Vegas. 1.

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Housing Wire

OCTOBER 21, 2022

Drop in refis, soaring interest rates and rise in homeowner costs to utilize equity drove prepayment to the lowest level since November 2000. Prepayment activity dropped 14.9% to a single-month mortality (SMM) rate of 0.57% in September – below the recent record of 0.59% set in January 2019, according to a report by Black Knight. “Refinance activity has historically driven the lion’s share of prepayment activity, but spiking interest rates in recent months have driven the population of rate/term

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Equity Loans Mortgages As-is 294

Eye on Housing

OCTOBER 21, 2022

Median square foot prices (excluding record-high improved lot values) for new for-sale single-family detached (SFD) homes started in 2021 increased 19%, according to NAHB’s analysis of the latest Survey of Construction data. Increases for square foot prices in new custom SFD homes were more moderate, averaging 5%. Median sale and contract prices per square foot of floor area went up.

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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