Tue.Nov 01, 2022

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3 Trends That Are Good News for Today’s Homebuyers

Keeping Current Matters

While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home.

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What is a 2-1 temporary rate buydown?

Housing Wire

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. These borrowers are hoping that rates will decline enough in the next few years that a refinance will bring their payments down permanently. Options for borrowers include temporary rate buydowns and down payment assistance programs.

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More Prospective Buyers Are Actively Searching for a Home

Eye on Housing

Higher interest rates are pricing out some (not all) buyers, but also transforming remaining prospects into active buyers. In the third quarter of 2022, 59% of prospective buyers had moved beyond the planning phase and become fully engaged in the buying process, up from 46% in the first quarter and 49% in the second quarter of the year. The share.

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Rocket’s struggle to adapt to highly volatile market conditions

Housing Wire

Last year, Rocket Mortgage , America’s top mortgage lender, benefited greatly from record low mortgage rates — racking up more than double the refi volume of any lender. . But with rates rapidly climbing past the 7% level, the Detroit-based lender is now in a tough spot as it attempts to pivot to purchase mortgages and persuade its customers to get cash-out refis – all while trying to cut costs through voluntary buyouts and attrition, the Wall Street Journal reported in a deep dive published Tue

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

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.

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Real Estate Commission: How Much and Other Things to Know

Realty Biz

Many things can be foreign to you when you have never bought or sold a home. One of the greater mysteries in the real estate industry is the commission consumers pay when engaging the services of an agent. When you buy or sell a house, a commission will be paid. But how much? What is the average Realtor commission ? Do Real Estate agents or Realtors ever negotiate their fees?

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Mortgage Coach, Polly team up amid a rapidly shrinking industry

Housing Wire

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. . Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan option

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Rocket launches loyalty program, gives discount for closing costs

Housing Wire

Rocket Companies on Tuesday launched a loyalty program to attract potential homebuyers into its ecosystem amid one of the most challenging mortgage markets in decades. Rocket Rewards will distribute points toward financial transactions across the Rocket Platform, such as using the company’s mortgage calculator, reading educational articles or watching informative videos.

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Tony Soprano’s house is a real-life home in New Jersey — and the pool and driveway look awfully familiar

Fancy Pants Homes

The legendary TV drama The Sopranos first hit our screens back in 1999, and it did so with a bang. It got us hooked from the very first episode with its stellar performances, production quality, and its unusual portrayal of an Italian Mafia capo. The popular crime/drama series introduces us to Tony Soprano, a slightly overweight and balding mob guy living in suburban New Jersey that’s struggling to navigate personal affairs and professional power plays in a manner that hadn’t previou

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HW Annual 2022: HW Media Update

Housing Wire

HW Media Update. Starting in 2018, HW Media started focusing on events for marketers with Engage Marketing. In 2022 this tradition was continued with the Marketing Leader Success Summit at HousingWire Annual in Scottsdale. In this update Clayton Collins and Jennifer Laws talk about HW Media, our audience, the growth that HW Media has experienced in the past few years and how that matters to marketers.

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Inside a Contemporary Wine Country Farmhouse

Sotheby's International Real Estate

Known as the heart of Napa Valley, St. Helena is a picturesque community that is home to some of the region’s pioneering wineries, superlative restaurants, and delightful shops as well as the Auberge du Soleil resort and the Culinary Institute of America at Greystone. For those who choose to transcend the occasional vacation and live here, it offers a balance of quaint vintage homes along with larger luxurious estates—this captivating newly constructed compound among them.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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Caliber sues Union Home Mortgage for trying to “cripple” its Southeast operation

Housing Wire

Caliber Home Loans is suing another direct competitor for raiding its talent pool, accusing rival Union Home Mortgage of trying to “cripple” its retail mortgage operation in the Southeast. On Oct. 24, the Dallas-based lender filed a lawsuit against Union Home Mortgage and Kevin Cario, a former regional manager, for allegedly raiding 51 employees that produced $400 million in mortgages in 2021, which generated a $1.4 million profit for Caliber.

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8 Tips for Moving in the Winter

Realty Biz

Although spring and summer are the most popular times for moving into a new home, sometimes life has other plans. Whether you accepted a new job or you found your dream home for a bargain price, you may need to sell your home quickly and move in the winter. Moving in winter comes with weather-related challenges, but they aren’t impossible to overcome.

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If You Love Pie Charts, You’ll Love These Real Estate Memes!

Lighter Side of Real Estate

There’s something so appealing about a pie chart. Perhaps it’s because, like actual pie, they’re so easy to consume! They make it easy (and fun) to learn something with a quick glance. Here are 9 real estate memes that make learning a thing or two about real estate as easy as (ahem) pie ! 1. 2. 3. 4. 5. 6. 7. 8. 9. The post If You Love Pie Charts, You’ll Love These Real Estate Memes!

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Social media reigns supreme for lead generation

Real Trends

Social media remains Realtors’ top lead-generating technology tool , with 46% of respondents reporting it was their number one technology powered lead generation source, according to a new survey report from the National Association of Realtors. The most popular social media app among the random sample of Realtors surveyed was Facebook , with 89% of respondents reporting they used the app, followed by Instagram at 59%, LinkedIn at 53%, YouTube at 26%, Twitter at 19% and TikTok at 12%.

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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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ERA REAL ESTATE FORTIFIES ALBUQUERQUE, NEW MEXICO PRESENCE WITH AFFILIATION OF ERA SUMMIT

Realty Biz

ERA Real Estate , a global franchising leader within the Anywhere SM portfolio of brands, announced today the launch of ERA Summit in Albuquerque, New Mexico. The firm, which has been named a Top Workplace multiple times since 2014, serves the greater Albuquerque area, including the surrounding cities of Corrales, Rio Rancho, Peralta, Los Lunas, Belen, Edgewood, Tijeras, Moriarty, Estancia, Truth or Consequences, Santa Fe, Socorro and Placitas. .

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Instead of Cutting Costs, Think About Making Strategic Investments

App Folio

Back in 2021, AppFolio co-partnered with the National Apartment Association (NAA) to launch our Property Management Industry Pulse, which revealed.

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Construction Job Market Volatility

Eye on Housing

The count of open, unfilled jobs for the overall economy increased in September, rising from 10.3 million open positions to 10.71 million. This represents a small increase from a year ago (10.67 million). This increase occurs despite signs of a slowing economy amidst aggressive monetary policy tightening by the Fed. The hotter than expected labor market data pushed the 10-year.

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5 ways to be the best communicator in the room

The American Genius for Real Estate

When you communicate in business, you have to change your talking style to give info without losing engagement. Here's how.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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How to Brighten Your Home Before a Dark Winter

Realty Biz

Lights and glass are the best solutions for overcoming gloomy winter days. Winter’s darkest skies will soon be with us, and you might want to take on a few simple DYI projects that will add brightness inside until the long sunny day's return. Replace Older Fixtures with Modern Lighting. You have many bright options today if it is time to replace older original light fixtures with modern LED lighting.

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Do You Know Where Your Money Is Coming From? Navigating Today’s Lending Market

Bigger Pockets

There is no doubt that the real estate market has been a wild ride since the pandemic changed the normal course of our lives over two years ago. Lending did […].

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5 Ways to Prepare Your House for Cold Weather

RISMedia

By Dixie Somers Preparing your home for winter is an important task that you surely don't want to put off. Cold weather, snow and ice can severely damage your home if you don't take steps to prepare for it. Be sure to complete these five important tasks to winterize your home before the cold weather […]. The post 5 Ways to Prepare Your House for Cold Weather appeared first on RISMedia's Housecall.

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NSDCC October Listings

BubbleInfo

Next year, everyone will be talking about how mortgage rates in the 7s or 8s will be causing a lack of affordability, but I have bad news for those who still want to buy. There probably won’t be many homes for sale. It will only take one or two headlines about the real estate market […].

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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Semi-Retired at 30 Thanks to One Year’s Worth of Real Estate Investing

Bigger Pockets

If early retirement seems out of reach right now, try semi-retirement. Once you get there, you’ll only be halfway to early retirement, just like today’s guest, Jessie Dillion. At only […].

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Sunset Park Finnish Co-op With Wood Floors, Barn Doors, Renovated Kitchen Asks $537,500

Brownstoner

On the third floor of a Sunset Park walk-up, this apartment has a flexible floor plan along with a renovation that kept some period details and added a bit of rustic style. It is in the four-story Finnish co-op at 4113 7th Avenue, located across from the neighborhood's eponymous park. The… Read More > The post Sunset Park Finnish Co-op With Wood Floors, Barn Doors, Renovated Kitchen Asks $537,500 appeared first on Brownstoner.

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Webinar Recap – How to Become a Modern Brokerage

RISMedia

By Paige Brown In the latest RISMedia webinar—“How to Become a Modern Brokerage”—panelists Lane Hornung, CEO and co-founder of zavvie; Leslie Cato, CEO and team leader of Keller Williams Elite; and Jamie Huggins, licensed broker and Director of Career Advancement at ERA Davis & Linn, discuss what it takes to become a modern brokerage and […].

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Brooklyn Real Estate Listings Six Months Later: All Four Sold

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Prospect Heights, Kensington, Sunset Park and Fort Greene. How did they fare? A top floor one-bedroom with in-unit laundry has the delights of its era and appears to be in move-in condition.… Read More > The post Brooklyn Real Estate Listings Six Months Later: All Four Sold appeared first on Brownstoner.

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5 Data Proven Ways Agents Can Do 18% More Business

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.

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Marriage is being postponed: How is it affecting homeownership?

The American Genius for Real Estate

It's seemingly later and later that Americans are getting married. You may have ideas as to why, but the reasoning is not what you think.

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With a Revamp, Brownsville Heritage House Aims to Be ‘Neighborhood’s Public Living Room’

Brownstoner

Tucked up on the second floor of Brownsville’s Stone Avenue Library, a self-described “treasure trove of Black culture” awaits in the Brownsville Heritage House. A redesign is aiming to open up the resource to more people in the community and increase the nonprofit cultural center's reputation as a star attraction… Read More > The post With a Revamp, Brownsville Heritage House Aims to Be ‘Neighborhood’s Public Living Room’ appeared first on Brownstoner.

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Compass Leadership w/ Robert Reffkin

BubbleInfo

I hear this speech live, and I’ve never been more inspired – and I’m no pushover:

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Daily Links: Long-Closed Bed Stuy Cultural Center Opens With Free All-Ages Programming

Brownstoner

In the News How a Greenpoint Producer of Concerts in Crypts Spends His Sundays [NYT] How Did Greenpoint's Steve Keene Make 300,000 Paintings? [NYT] Governor Announces New Office of Resilient Homes and Communities [Eagle] Scenes of Mayhem From Weekend’s Epic Bike Kill in Red Hook [BK Mag] Scenes From Fort Greene's ‘Great Pupkin’ Dog Halloween… Read More > The post Daily Links: Long-Closed Bed Stuy Cultural Center Opens With Free All-Ages Programming appeared first on Brownstoner.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.