Thu.Sep 29, 2022

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Pending home sales down nearly 25% from 2021 in August

Housing Wire

Pending home sales continued to drop in August, recording a 1.0% month-over-month decline that resulted in an index reading of 88.4, according to data released Wednesday by the National Association of Realtors. In July , the index fell 1.0% after recording an 8% drop in June. The Pending Home Sales Index has declined for nine out of the past 10 months.

Sales 418
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Why You Should Consider Condos as Part of Your Home Search

Keeping Current Matters

The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget.

Marketing 292
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FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources

Housing Wire

Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. . According to former top executives and business partners, FoA signed a letter of intent to sell its forward mortgage retail business to competitor Guaranteed Rate , but negotiations are still in progress and remain fluid.

Closing 459
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11 Awesome Halloween Real Estate Marketing Ideas for 2022 ? (+Templates)

The Close

We at The Close love Halloween! Not only is it the kickoff to the fall season with cooler weather and all things pumpkin spice, but it’s also that time of year to dress in costume, enjoy bite-sized candies, and stir up some screams with Halloween real estate marketing ideas. Fall is typically a great time to focus on a few marketing strategies to refill your pipeline after the busy summer rush.

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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Don’t miss these 4 breakout sessions at HW Annual Oct. 3-5

Housing Wire

The entire agenda at HousingWire Annual is jam-packed with informative speakers and invigorating panels. Included in this agenda are also four, breakout sessions that cover different key parts of the housing sector. In these 20-minute sessions, attendees will walk away with tangible and actionable information from leaders at mortgage, valuation, real estate and title companies.

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New Homes Built with Private Wells and Individual Septic Systems in 2021

Eye on Housing

According to NAHB Economics analysis of the Survey of Construction (SOC) data, almost 9% of new single-family homes started in 2021 are served by individual wells and 16% have private septic systems. These shares, however, vary widely across the nine Census divisions with the corresponding shares reaching 36% and 44% in New England – the highest occurrence rates in the.

More Trending

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Pending home sales down 24.2% from last August

The American Genius for Real Estate

Pending home sales are down slightly for the month but dramatically for the year, marking a needed cooldown in the market.

Sales 105
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Non-QM lender Angel Oak Mortgage Solutions cuts 20% of staff

Housing Wire

Non-QM specialist Angel Oak Mortgage Solutions is the latest player in the space to cut a sizable chunk of its workforce amidst widespread market volatility. The company issued pink slips to 75 employees last week, about 20% of its workforce, citing the “current economic environment that has challenged the entire mortgage market.” “The reduction was done to ensure that the company maintains the proper staffing level required to meet current and anticipated non-QM demand,”

Mortgages 370
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The latest Instagram stories update has us all overjoyed

The American Genius for Real Estate

One unanimous vote for a horrible Instagram feature would be the pesky long, broken-up stories - now, there's a fix for that.

Marketing 104
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Mortgage demand falters as rates inch past 7%

Housing Wire

Demand for mortgage loans dropped following the Fed’s decision to raise interest rates by an additional 75 basis points last week. The market composite index, a measure of mortgage loan application volume, declined 3.7% for the week ending September 23, compared to the previous week. It was also down 66% compared to the same week in 2021. The refinance index fell 11% from the previous week and was down 84% from the same week in 2021.

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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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5 Tips for a Successful Home Renovation

Realty Biz

If you’re in the process of planning a home renovation, you’re likely feeling both excited and anxious. Renovations can be a great way to update your home and add value to it, but they can also be tricky and expensive if not done correctly. Here are five tips to help ensure your renovation project goes smoothly and achieves the desired results.

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My End-of-2022 Challenge to Prepare Yourself for Your #BestYearEver in 2023

Tom Ferry

Let’s Make 2023 the #BestYearEver for Real Estate Agents! Want to finish 2022 strong and set yourself up for big things in 2023? As we cross into Q4 in a couple days, I hope you realize that most of the actions you’re taking today won’t be reflected in your 2022 ledger. NOW is the time […]. The post My End-of-2022 Challenge to Prepare Yourself for Your #BestYearEver in 2023 appeared first on Tom Ferry.

Agents 92
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Why your homebuyers should never skip the home inspection

Real Trends

The wild ride that caused a home buying and selling spree became a bit of a noticeable issue in the home inspection industry around the third quarter of 2021. It became more apparent in the fourth quarter of that year and by the first and second quarter of 2022, it was a full-blown dilemma of sorts. With a deficit of 4 million available homes, during a low-interest mortgage period, and with a pandemic sending families on a search for more space to work from home and home school their children, h

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How Interest Rates are Impacting Buyers and Sellers

Realty Biz

Home sales are a part of the economy that is affected fast and significantly when the Federal Reserve raises interest rates. Buyers are directly and immediately impacted but sellers are also seeing the fallout. Beginning in March, we have now had five interest rate increases with three of them being three-quarter-point hikes. Interest rates have not risen this fast and this high since the 1980s.

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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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Are You Getting Less Bookings For Your Short-Term Rentals? Here Are 3 Ways to Get More

Bigger Pockets

Over the last 4-5 months, there has been a shift in short-term rental bookings. Some are attributing the dip in bookings to Airbnb’s redesign of its website. Others are blaming […].

89
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What is a Home Appraisal? Everything to Know Before Buying or Selling a Home

CT Homes

When selling or buying a home, the topic of whether or not a home appraisal should be completed is bound to come up at some point or another. A home or residential property appraisal helps establish a home’s market value, or the likely sales price that the property would fetch if offered in a competitive real estate market. There is value in arranging for a home appraisal as both the buyer and seller – understanding the home’s value can tremendously influence the selling price one way or a

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10 Units in 3 Years and Giving Back While Getting Ahead

Bigger Pockets

Reaching financial freedom doesn’t mean grinding away for decades to finally retire. It may only take a couple of deals for you to create enough traction to quit your W2 […].

89
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Kings County Nurseries and Parking Lot to Be Replaced by Two Seven-Story Apartment Buildings

Brownstoner

A new seven-story apartment building will rise at 625 New York Avenue in East Flatbush, the site of the longstanding, family-run Kings County Nurseries, building department records show. The beloved nursery and landscaping business was opened by the Merola brothers in 1955 and has since been run by generations of the… Read More > The post Kings County Nurseries and Parking Lot to Be Replaced by Two Seven-Story Apartment Buildings appeared first on Brownstoner.

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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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Real estate experts speak out about volatility of mortgage rates

Real Trends

The typical house hunter who started searching in July and closed the deal on their new home in September saw their potential mortgage rate fluctuate by roughly half of a percentage point every four weeks, according to a new report from Redfin , the technology-powered real estate brokerage. That’s the most volatile three-month period since 1987, when mortgage rates swung wildly after surging to a record high of nearly 19% earlier in the decade while the Fed worked to quell severe inflation

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6 Different Types of Home Inspections to Consider When Buying a House

Realty Biz

When you’re buying a house, it’s important to have it inspected to ensure that there are no major problems that could end up costing you in the future. There are different types of inspections that you can choose from, and each has its own advantages and disadvantages. Here are different types to consider when buying a house: General Home Inspection.

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Grand Carroll Gardens Brownstone Asking $13.995 Million Could Be Razed for Apartments

Brownstoner

This massive circa 1870s Carrol Gardens brownstone certainly catches the eye with some impressive original interior details, five apartments, parking and one of the deep front gardens that are a hallmark of the neighborhood. It also boasts an equally eye-popping asking price of $13.995 million. Since it sits on a… Read More > The post Grand Carroll Gardens Brownstone Asking $13.995 Million Could Be Razed for Apartments appeared first on Brownstoner.

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16 Living Room Remodel Tips to Design Your Perfect Space

Redfin

A living room remodel can take many forms, from a simple refresh to a complete gut job. Whether you’re simply painting your walls in an apartment in Phoenix, AZ, or doing a complete makeover in a house in Philadelphia, PA, there are a few things to keep in mind that will help you get the most out of your living room remodel. First, think about how you want to use the space.

Design 74
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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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Daily Links: Jail for Landlord After Fatal Fire in Illegally Subdivided, Unheated Flatbush Building

Brownstoner

In the News The Collaborative Brooklyn Studio Reimagining Lighting Design [NYT] At Burg’s Laser Wolf, Skewers, Dips and Vibes Are on the Menu [NYT] NYC Recruits Rachael Ray to Create Plant-Based School Lunch Recipes [NYP] Huge City Role in Crown Heights to Modernize the Children's Museum [Eagle] Great Irish Fair Holds 41st Annual Celebration in… Read More > The post Daily Links: Jail for Landlord After Fatal Fire in Illegally Subdivided, Unheated Flatbush Building appeared first on Bro

Design 75
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Video of the Week: A Spectacular Villa in Koh Samui, Thailand

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. . Koh Samui, Thailand | List Sotheby’s International Realty. This villa is the jewel in the crown of Koh Samui. Perched at the very top of the estate and commanding complete 360-degree views, this architectural marvel is one of the most spectacular homes on the island.

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Bed Stuy House Tour Stays Virtual for the 44th Annual Event in October

Brownstoner

You will be able to drool over the details of some Bed Stuy architectural details in the privacy of your own home again as the annual Brownstoners of Bedford-Stuyvesant house tour returns for its 44th year with another virtual event. The tour, which once again this year has a theme of… Read More > The post Bed Stuy House Tour Stays Virtual for the 44th Annual Event in October appeared first on Brownstoner.

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5 Orlando Housing Market Predictions for 2023

Mashvisor

Wondering about Orlando housing market predictions for next year? Let’s look at some facts in this article and see what we can expect.

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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 counter-intuitive method successful people use to reach goals

The American Genius for Real Estate

It may seem counter-intuitive, but reaching goals comes down to throwing away the one metric we can't help but use.

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Median US Home Prices Up 46% Since Start of Pandemic

Mashvisor

Housing affordability is slipping through the cracks as median US home prices have gone up 46% since the pandemic started.

As-is 66
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Just Sold in Olivenhain

BubbleInfo

I am running short on videos – there are fewer homes for sale, and the list of homes worthy of a video is even shorter. We saw this one a couple of months ago, and it just closed on September 16th for $3,600,000, which was $100,000 over list. Knowing that, the video might be more […].

Closing 59
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Need a cool avatar for the metaverse? Propy’s got you with NFT collection

Real Trends

Now’s your chance to have the coolest real estate Avatar in the metaverse. Propy launched the first NFT (non-fungible token) Avatars designed specifically for real estate and Metaverse fans. The limited-edition “MetaAgents X Shredders” NFTs were created by artist Dan Weinstein. The project’s advisors include real estate influencers and industry forward-thinkers Tom Ferry , Tony Giordano, Alvaro Nunes, Tony Edward, ThinkingCrypto, Zach Aaron, MetaProp, among others. . “If you love cry

Agents 57
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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.