Fri.Oct 28, 2022

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Pending home sales are down 31% from last year

Housing Wire

Pending home sales continued their downward spiral in September, recording a 10.2% month-over-month decline that resulted in an index reading of 79.5, according to data released Friday by the National Association of Realtors. This is the fourth consecutive month of declines. Pending home sales have now fallen in 10 of the last 11 months. Economists predicted that pending home sales would drop by 4.0% in September.

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The house Gwyneth Paltrow grew up in hits the market for $17.5 million

Fancy Pants Homes

As one of the most successful women in Hollywood, it seems like there’s nothing Gwyneth Paltrow can’t do. From starring in the biggest Marvel blockbusters to launching her wellness and lifestyle company, Goop, to landing a Netflix show centered around her company’s philosophy, the Iron Man actress is downright unstoppable — and raking in millions of dollars in the process.

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Sluggish Flagstar, NYCB merger deal clears major hurdle

Housing Wire

More than 18 months after the planned merger was announced, Flagstar Bank and New York Community Bank on Friday received approval by the Office of the Comptroller of the Currency. The depository banks, which first announced plans 19 months ago, extended their agreement to merge from Oct. 31 to Dec. 31, but still require the approval of the Federal Reserve.

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Buyers’ Expectations of Housing Availability Continue to Improve

Eye on Housing

For the second straight quarter, more prospective buyers expect housing availability to improve. In the third quarter of 2022, 37% of buyers expect the home search to get easier in the months ahead, up from 17% and 22% in the first and second quarters of the year, respectively. More for-sale inventory and less competition from buyers priced-out by higher mortgage.

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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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HousingWire Annual On-Demand 2022

Housing Wire

All Things Housing. HousingWire Annual is where the community from across the housing ecosystem comes together to share strategies, drive business, discover new technologies, discuss best practices, and meet industry leaders. During this year’s conference, content spoke to questions about the economy, how to build a winning team, and attract a community of loyal customers.

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[Wo]mentorship: How to Find and Maintain One

Housing Wire

This panel will explore the power of mentorship and allies among women within lending and real estate and the benefits that these relationships can have for both junior-level and executive women in the industry. How can this relationship help support emerging leaders and balance out a male-driven industry? In what ways can those in the industry help to create an environment that sets women up for success and allows for a sustainable, long-term career?

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Inflation Brings Savings Rate Down In September

Eye on Housing

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.4% in September, the eighth consecutive monthly increase of this year. Gains in personal income are largely driven by increases in compensation of employees and personal income on assets. Real disposable income, income remaining after adjusted for taxes and inflation, stayed flat in.

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How can lenders reduce costs in the home equity space?

Housing Wire

As the mortgage industry faces the realities of rising interest rates, savvy lenders are shifting gears towards the potential profitability of home equity lending. HousingWire recently spoke with Paul Harris, SVP of sales at DataVerify, about capitalizing on the home equity market with the help of automated tech solutions and mutually beneficial partnerships.

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Asking this simple question may convert more sales

The American Genius for Real Estate

Will you read this article? According to the latest research, if you got as far as reading that question, the answer is more likely to be yes.

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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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American Pacific Mortgage scoops up former FAM employees

Housing Wire

Former employees at Finance of America Mortgage LLC (FAM) are transitioning to American Pacific Mortgage (APM), as the company will shut down by the end of the year, a source with knowledge of the process told HousingWire. . Specifically, California-based APM has hired former FAM staff members in Northern California offices, the source said. The same source explained that there’s no transfer of assets nor is there a merger and acquisition (M&A) transaction. . “As a matter of

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Four Winter-Weather Safety Tips to Share With Your Clients

Keller Williams

From freezes in Texas, to wildfires out west, to hurricanes in the east, and everything in between, it’s safe to say the weather is getting a little unpredictable these days. While meteorologists and Magic 8-Balls may not have all the answers, there are some steps your clients can take in order to prepare themselves and their property for various weather events.

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Homestar names Gurp Bhandal EVP of national production

Housing Wire

Mortgage lender Homestar Financial Corporation on Friday announced appointing Gurp Bhandal as executive vice president of national production. Bhandal’s professional career spans more than 20 years in financial services. Prior to HOMESTAR, he served as the executive vice president of retail production at AmeriSave Mortgage Corporation and area lending manager roles at Citi.

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More MLS Musings!

Toronto Realty Blog

TorontoRealtyBlog. Oh man, have I got some weird ones for y’all today! Feel free to tell me that today represents “quantity over quality,” but sometimes the message is better conveyed by showing you a whole lot of crazy, rather than one example of insane. Where do we start? Well, it’s almost Halloween, so how about something spoooky?

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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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The Future of Marketing

Housing Wire

We’ll take a look back at 2022 and into 2023 from a marketing strategy standpoint. With rising rates, inflation, a complete switch to purchase and continued inventory constraints there will be a lot for our panel to talk about. Watch the full session below. To go back to the full HousingWire Annual 2022 on demand page, go here. Panelist: Rick Webster, Chief Marketing Officer, Lender Price Amy Moses, Vice President, Marketing & Communications, EscrowTab Sara Holtz, VP, Demand Marketing and Co

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7 Signs you Need to Fire Your Real Estate Agent

Realty Biz

Your home has been on the multiple listing service for much longer than you think it should be, it is costing you money, but you've not seen your agent do much more. They are late and ill-prepared for the open house. Maybe they show some sort of unprofessionalism. There are numerous reasons why you may want to hire a new realtor. Perhaps you feel like a transaction rather than a person.

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How I Earned 100k Followers & Other Social Media Lessons

Housing Wire

One of the biggest benefits of social media for real estate agents and mortgage brokers is the ability to highlight your success stories to connect with clients. Buyers and sellers are spoiled for choice when it comes to finding an agent or lender, so the more you’re able to stay top of mind the more they will remember you when they need you. This panel will explore best practices to capitalize on the tremendous potential of having loyal followers including regulations you need to be aware

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Why real estate software is changing the real estate market

Realty Biz

The real estate market is the "world's most significant store of wealth", with assets worth more than $326 trillion (almost four times the size of global GDP), according to the real estate services firm Savills. With the market's size and importance, real estate technology has been changing beyond recognition in the past few years, and the forces behind it are real estate software.

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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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Women in Leadership: Making the Stats a Reality

Housing Wire

We’ve all see the stats around the power of having women in leadership. But where are the companies putting this into action? And what does it looks like to have an ally in the C-Suite? These executives share personal accounts on how they’ve taken those stats and put them into practice. Watch the full session below. To go back to the full HousingWire Annual 2022 on demand page, go here.

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Rookie Reply: The 1% Rule, Turnkey Rentals, and Escrow Accounts Explained

Bigger Pockets

Is the 1% rule in real estate still relevant? Who shouldn’t be buying turnkey rentals? And why is an escrow account favorable for scaling real estate investors? All these questions […].

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Fireside Chat with Mary Ann McGarry

Housing Wire

Mary Ann McGarry talks to Sarah Wheeler about the importance of confidence, creating value, and taking on challenges in this Fireside chat. McGarry also talks about the current market and the importance of optimism in the current market. Watch the full session below. To go back to the full HousingWire Annual 2022 on demand page, go here. Panelist: Sarah Wheeler, Editor in Chief, HW Media Mary Ann McGarry, Chief Executive Officer, Director, Guild Holdings Company.

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Applying Business Principles in Brokerage Operations

Realty Biz

I’ve owned my real estate company since 2016, but how I became to be involved in real estate is a bit untraditional. I was building a real estate portfolio while running my masonry business. My agent, Renee Cheesman, was affiliated with a small firm. We did about three dozen deals together over a few years and then her broker/owner became ill and passed away.

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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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1+1=3 The Marketing Strategy of M&A

Housing Wire

We’ve assembled a powerhouse panel of marketers who have walked the path many in the industry may find themselves on to share their experience of developing and executing a marketing strategy after a merger or acquisition. This is a discussion among marketers for marketers about the key things you should consider, will have to overcome and seek guidance on to successfully brand a newly combined company.

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Top 10 Coldwell Banker Stories of Gen Blue 2022

Coldwell Banker

Extra, extra! Read the top 10 news items that ran in October from several major announcements at Coldwell Banker's Gen Blue Experience that took place October 24-26 in Phoenix, AZ. The post Top 10 Coldwell Banker Stories of Gen Blue 2022 appeared first on Coldwell Banker Blue Matter.

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The Logic of Emotion: How to Make Inaction Impossible

Housing Wire

You may have noticed a problem with the age-old “problem/solution” formula for driving action from your messages and marketing: it doesn’t always work! That’s a big issue when your job, and maybe even your business, depends on your content converting customers and clients. Unfortunately, presenting only the audience’s problem and your solution misses an important fact about them: your audiences aren’t rational decision-makers, they’re rationaliZING decision-makers.

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Landlord Evicts Popular Brazilian Hangout, Cafe Tucum, From Bed Stuy Building

Brownstoner

On a walk by the usually popular and lively Cafe Tucum in Bed Stuy on Friday morning, we were sad to see a marshal’s notice posted to the door and a completely empty interior. The phone line for the cafe has been disconnected, and we didn’t have any luck trying to… Read More > The post Landlord Evicts Popular Brazilian Hangout, Cafe Tucum, From Bed Stuy Building 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.