Fri.Nov 11, 2022

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Don’t expect a drop in home prices in 2023, NAR economist says

Housing Wire

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun. In fact, we may see a further uptick in home prices in 2023, even if mortgage rates stay at or near 7%, Yun said.

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VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. VA Loans can help make homeownership possible for those who have served our country. These loans offer great benefits for eligible individuals and can help them buy a VA-approved house or condo, build a new home, or make improvements to their house. Homeownership is the American Dream. One way we can honor and thank our veterans is to ensure they have the best information about the benefits of VA home loans.

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Impac faced $13M loss in Q3, slashed 47% of jobs year over year

Housing Wire

Impac Mortgage Holdings had another loss in the third quarter of 2022, leading its executive team to adopt a defensive, risk-off posture to try and navigate one of the most challenging markets in decades. . Executives at Impac have opted to pull back on non-QM products , and by the end of Q3 2022, the company headcount had been reduced by 47% compared to the same period in 2021. . “Interest rate and credit spread pressures with attendant market volatility and illiquidity were unrelenting

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What’s the First Step in Buying a Home? Your Answer Here

Realtor.com

monkeybusinessimages/iStock No, it’s not leaping into buyer mode by picking out a real estate agent who has pretty homes, setting up a home inspection, and then moving in your sectional couch. Real estate agents agree that long before you peruse listings or check out open houses, you should talk to a lender about your credit score, so that you can secure a mortgage. “Talk to your bank or a reputable mortgage company to see what you qualify to purchase,” explains Rosanne Nitti ,

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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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Opened orders look a lot like 2019, Fidelity CEO Mike Nolan says

Housing Wire

Even though revenue is down and open title orders are down from last year, there’s a silver lining for Big Four title insurance firm Fidelity National Financial : it’s still in line with business in 2019, one of the best years on record. Despite some headwinds created by a slower housing market, Fidelity performed well in the third quarter.

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Savvy Ways to Increase Your Home’s Value

Coldwell Banker

Here are a few impactful and straightforward means of boosting your home’s value and appeal over the short or long term. The post Savvy Ways to Increase Your Home’s Value appeared first on Coldwell Banker Blue Matter.

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5 New Year’s Resolutions for the Home

Coldwell Banker

These basic and relatively easy fixes can make an immediate impact on your daily quality of life and help you go into the new year worry-free. The post 5 New Year’s Resolutions for the Home appeared first on Coldwell Banker Blue Matter.

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Cherre partners with Clear Capital

Housing Wire

Cherre, a real estate data integration and insights platform, announced its partnership with real estate valuation technology company Clear Capital this week. Cherre customers can now use Clear Capital’s property analytics, which includes insights from 93% of all listings in the U.S., internal systems, and application data with accompanying contextual data.

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A Day In The Life Of A Real Estate Agent

Easy Agent Pro

When looking into starting a career as a real estate agent, you may wonder what your day-to-day life will look like. This is an important thing to consider when it comes to considering any career. Even if you have been an agent for years, it can help to rework your schedule to optimize productivity and decrease stress to make your job more enjoyable.

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Agents, do you know all of the financing options available to your customers?

Real Trends

Today’s turbulent housing market means challenges for both buyers and sellers. Real estate professionals navigating housing in 2022 and beyond need to know their way around all the financing options available. Without knowledge of lesser-known financing choices, real estate professionals can miss the chance to turn their customers into homeowners, or sellers. .

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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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Meet Your Neighbors with These Three Party Ideas

Coldwell Banker

Here are three ideas for fun neighborhood get-togethers that are easy to organize, inexpensive and a lot of fun. . The post Meet Your Neighbors with These Three Party Ideas appeared first on Coldwell Banker Blue Matter.

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Luxury Real Estate Headlines: Second Week in November 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Cabo San Lucas, Mexico | Los Cabos Sotheby’s International Realty. Follow the jet set in seeking out enticing opportunities in Maui, Cabo San Lucas and farther afield. Palm Beach, Florida, Isn’t the Only Sunny Bolthole With Trophy Homes and Boldface Names – Mansion Global.

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14 Real Estate Testimonial Examples to Inspire Your Referral Marketing

The Close

Did you know that referrals are the biggest source of business for real estate agents ? Real estate testimonials from your past clients work just like referrals. When people are hunting for the best real estate agent to use for their next transaction, they’re looking for someone who is trusted by others. We scoured the internet to snag some of the best real estate testimonial examples out there.

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5 DIY Bedroom Wall Designs You Can Try This Weekend

Realtor.com

Photo by @househomo via Instagram Buying new furniture and accessories isn’t the only way to overhaul your home’s interior. In fact, one of our favorite approaches to updating decor involves beautifying your walls. DIY wall designs are useful in spaces like bedrooms where you’re unlikely to switch up your furniture. So for this week’s roundup of trending Instagram decor , we chose to feature five DIY wall designs you can easily re-create over the weekend.

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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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Canadian Companies That Own At Least 100 Homes Have Surged With Cheap Money

Better Dwelling

Canada didn’t just see households go mad for real estate—companies did too. Data from the Canadian Housing Statistics Program (CHSP) shows corporate ownership surged in 2020. Large companies bought a significant number of homes when interest rates fell. The fastest growing segment of corporate owners were those with at least 100 homes. Yes, you read […].

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Tips for building your 2023 real estate business plan

Real Trends

When it comes to real estate, business planning is one of those activities that agents either despise or don’t know where to begin. We’re told it’s important, but we’re not exactly sure why. It’s been my experience that agents who set goals and execute those goals increase their business by 25%-50%! That’s no joke and nothing to take lightly. The purpose of a business plan is to get to where you want to go.

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How to Stay On Top of Your Real Estate Game When Things are Slow

Lab Coat Agents

When the real estate market is booming, staying on top of your game can be easy. However, it can be a lot more challenging when things are slow. Here are some tips to help you stay on top of your real estate game during times of slower growth. Use Slow Periods to Prepare For Peak Periods. If you’re a real estate agent, broker, or Realtor, you know that the business can be a feast or famine.

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How to Build a Fire Pit—the Hottest New Addition to Your Yard

Realtor.com

If you have that bag of perfectly squishy marshmallows for s’mores, some new outdoor chairs, and a friend who tells a chilling ghost story, a DIY fire pit is all you need to bring all of these elements together for summer—as well as spring, fall, and winter—nights in your backyard or on your concrete patio. According to the American Society of Landscape Architects, backyard fire pits were 2016’s top outdoor design element.

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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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Rookie Reply: You DON’T Need Experience to Invest in Real Estate

Bigger Pockets

Before you invest in real estate, everything can seem new and confusing. Bidding on houses, renovation budgets, finding tenants—these are all skill sets you must acquire to become a financially […].

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How Much Is Private Mortgage Insurance (PMI)? 3 Options to Pay the Cost

Realtor.com

This is a question that often comes up when you’re purchasing a home with a down payment of less than 20%, or refinancing your home with less than 20% in home equity. That’s when lender will typically require private mortgage insurance—better known as PMI. You’re financing the home purchase with less skin-in-the-game when you make a smaller down payment, so mortgage lenders view these loans as slightly riskier than loans with an 80% or lower loan-to-value ratio.

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Europe’s Energy Crisis Is A Bigger Issue For The U.S. Than You Think—Here’s What You Need To Know

Bigger Pockets

The Federal Reserve just increased interest rates another.75% in one of the fastest course corrections in the history of monetary policy. Many are now predicting doom for the real […].

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Just How Low Will Home Prices Go This Year? Our Chief Economist Offers a Bold Prediction

Realtor.com

Getty Images All eyes have been glued to mortgage rates lately as those all-important fees continue their seemingly inexorable upward march. While average rates for a 30-year fixed-rate mortgage dipped to 6.95% last week , that figure climbed back to 7.08% for the week ending Nov. 10, according to Freddie Mac. And if inflation refuses to budge, “mortgage rates are more likely to climb than to slip,” says Realtor.com® Chief Economist Danielle Hale in her analysis.

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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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Homeowners Plan to Continue Renovation Projects into 2023, Houzz Survey Finds

Realty Biz

The vast majority of homeowners are moving forward with their home improvement projects, according to a new study from Houzz Inc. , the leading platform for home remodeling and design, including the all-in-one software solution for industry professionals. Conducted in October 2022, the survey of nearly 4,000 homeowners found that only 1% of homeowners report having canceled a home improvement project in 2022.

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Veterans: Do You Know Where You Can Access Exclusive Funding?

Bigger Pockets

The American Dream was largely about home ownership. The new American Dream is about personal freedom and flexibility. This ideal is available to every American. However, those most deserving of […].

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A Ditmas Park Colonial Revival With Garage and Three More to See, Starting at $749K

Brownstoner

Our picks for open houses to check out this weekend are found in Prospect Heights, Ditmas Park, Bushwick and Flatbush. They range in price from $749,000 to $3.275 million. In Prospect Heights, a sharply angled brick row house has incised brownstone trim and a low stoop. Originally a single-family, according to… Read More > The post A Ditmas Park Colonial Revival With Garage and Three More to See, Starting at $749K appeared first on Brownstoner.

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How to Evict a Roommate: Yes, You Can Kick That Deadbeat Out!

Realtor.com

Getty Images Sure, rent is expensive, and sometimes that means you’ve got to take on a roomie in order to pay the monthly bills. But what happens if your roommate turns to the dark side —i.e., doesn’t pay rent, invites his entire rugby team over every night for drinks until dawn, or otherwise makes your home environment too hard to handle?

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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 Stone House of Somers, Traveling Menagerie Not Included, Yours for $1.6 Million

Brownstoner

If only every historic house came with an unusual feature of this Westchester County Greek Revival: a handy carving documenting the year it was built, the original owner and the team of craftsmen involved. Dating to 1849, the house has an impressive stone exterior and a wealth of ornamental plasterwork… Read More > The post The Stone House of Somers, Traveling Menagerie Not Included, Yours for $1.6 Million appeared first on Brownstoner.

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RSF Rental

BubbleInfo

Do I do rentals? Sure, when they are higher-end luxury estates in Rancho Santa Fe owned by blog readers! 4124 Stonebridge Lane, Rancho Santa Fe 5 br/6.5 ba, 3,734sf LP = $15,000 per month. Stylish one-story contemporary home on 2.87 acres in gated Stonebridge that has recently-updated kitchen and baths, cantina doors, and hardwoods throughout! […].

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Daily Links: Brooklyn’s Climate Resiliency Projects Could Get a Boost With New Green Funds

Brownstoner

In the News WeWork Will Close About 40 Locations as Losses Narrow [NYT] Brooklyn Could Benefit From Proposition 1's Green Funds [Eagle] Woman-Owned Beer Bar Beer Witch Celebrates Two Years in Park Slope [BP] El Puente Reflects on 40 Years of Community in ‘Burg [Greenpointers] European-Inspired Bar Americano Opens on Franklin Street [Greenpointers] From the Archives:… Read More > The post Daily Links: Brooklyn’s Climate Resiliency Projects Could Get a Boost With New Green Funds ap

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Fall for These 5 Lovely Log Cabins, All Priced Below $300K

Realtor.com

MLS via Realtor.com There’s no place better to enjoy an awesome autumn than your own log cabin. Imagine snuggling up inside a cozy retreat with a crackling fire as the leaves fall outside your window. And your reverie needn’t break the bank: Log cabin life is affordable and within reach. We found five lovely log cabins for sale across the country, all priced below $300,000.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.