Real Trends

NOVEMBER 10, 2022

This time of year is like the Superbowl for creating and deepening connections, especially if you’re an agent focused on generating referral business. In just a few short weeks, families, friends, and colleagues will gather for the holidays. They’ll reflect on the year and share their plans with one another. Real estate is often discussed since the average home buyer or seller will relocate due to lifestyle changes, a new personal or professional need, growth changes (for example, downsizi

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Agents Branding As-is Marketing 105

Housing Wire

NOVEMBER 10, 2022

Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! So, the question is, are we reaching the peak of inflation and close to the end of the Fed rate hike cycle? Let’s take a look at today’s data.

Mortgages 537

Mortgages As-is Construction Marketing 537

Keeping Current Matters

NOVEMBER 10, 2022

For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own.

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VA loan Loans 304

Housing Wire

NOVEMBER 10, 2022

If we don’t learn from history, we are doomed to repeat it. From 1998 to 2006, according to Freddie Mac , the median annual mortgage rate was 6.45%. At the same time, the median, annual average of existing home sales was 5.63 million units. Therefore, there were more housing sales in 1996 than there will be this year. Mortgage rates today are not much higher than they were then.

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Mortgages Sales Lending Land 493

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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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Eye on Housing

NOVEMBER 10, 2022

Rising mortgage rates, high inflation, ongoing building material supply chain disruptions, and elevated home prices contributed to housing affordability falling – yet again – to its lowest point since the Great Recession in the third quarter of 2022. According to the NAHB/Wells Fargo Housing Opportunity Index (HOI), just 42.2% of new and existing homes sold between the beginning of July.

Mortgages 126

Mortgages 126

Housing Wire

NOVEMBER 10, 2022

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . “Buyers got a bit spoiled with the interest rates over the last five years and especially the last two, so the interest rate hikes have really spooked everyone,” said Meyer, a RE/MAX agent based in the Twin Cities metro

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Construction Development Mortgages New Construction 482

Housing Wire

NOVEMBER 10, 2022

Consumer prices continued to rise in October, but at a slower annual pace, suggesting that the Federal Reserve’s interest rate hikes are having an impact on consumer spending habits. The Consumer Price Index (CPI) rose by 7.7% in October compared to one year ago. That is the smallest 12-month increase since the year ending in January 2022, according to data released Thursday by the Bureau of Labor Statistics.

MLS 448

MLS Title Mortgages As-is 448

Realtor.com

NOVEMBER 10, 2022

SasinParaksa/iStock The best way to seal granite countertops is a bit of knowledge that you’d better have if you’re a homeowner—that is, if this granite surface is where you prep your meals. While this natural stone countertop might seem invincible, granite is actually porous (much like marble), which means that substances can easily seep in. “Oil, water, juice, ink—any liquids or spills, really—can soak in and stain granite,” says Emily Long , a home improvement expert

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As-is Design 105

Housing Wire

NOVEMBER 10, 2022

Home Point Capital , the parent company of wholesale lender Homepoint , posted another fat loss in the third quarter of 2022, even after hitting the “ reset button ” and cutting 3,000 employees. . The company reported Thursday morning that reduced origination volumes – down to $4 billion – and depressed revenues resulted in a loss as it attempts to navigate a landscape of surging rates and a price war.

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Principal Finance Loans As-is 418

Tom Ferry

NOVEMBER 10, 2022

What is your most important habit to guarantee success in 2023? Ask any professional in the field of personal development and they’ll tell you that there is no greater predictor of success than your habits. So, as we’re setting our goals and building out our business plans for 2023, we need to take a serious […]. The post Your Most Important Habit of 2023 appeared first on Tom Ferry.

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Development As-is 105

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.

Industrial

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement.

Mortgages 370

Mortgages Loan Officer Banks Lending 370

Better Dwelling

NOVEMBER 10, 2022

Canada’s variable rate mortgage borrowers—brace yourself. BMO Capital Markets has made another upward revision to its interest rate forecast this week. The bank was forced to make a revision as sticky inflation and rising wages require much higher interest rates to cool activity. Canada’s overnight policy rate is now forecast to hit the highest level […].

Banks 99

Banks Mortgages As-is Marketing 99

Housing Wire

NOVEMBER 10, 2022

The Federal Housing Finance Agency (FHFA) announced on Thursday that the 2023 multifamily loan purchase caps for Fannie Mae and the Freddie Mac will be $75 billion for each government-sponsored enterprise (GSE), for a combined total of $150 billion to support the multifamily market, according to an announcement from the FHFA. “The 2023 caps reflect an anticipated contraction of the multifamily originations market in 2023,” the FHFA said in a statement.

Loans 370

Loans Finance Design Mortgages 370

HomeLight

NOVEMBER 10, 2022

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Pompano Beach area companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more.

Purchase and sale agreement 98

Purchase and sale agreement Closing costs Closing Sales 98

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Brokerage

Housing Wire

NOVEMBER 10, 2022

Top-25 retail lender Movement Mortgage struck a deal to acquire Massachusetts-based retail firm Mortgage Network , multiple sources told HousingWire. . The transaction, confirmed by the companies, is a step to boost Movement’s presence on the East Coast amid shrinking loan origination volumes. The deal adds $2 billion in annual volume, 250 mortgage professionals and 31 branch offices to Movement’s book of businesses. .

Mortgages 370

Mortgages Loan Officer Loans Residential 370

Realtor.com

NOVEMBER 10, 2022

JamesBrey/iStock True to its name, this type of home is shaped like the letter A, with walls that begin near the foundation and slope upward at a slant, meeting to form a triangle. If you’ve ever dreamed of living in a teepee, an A-frame may be the closest you’ll ever get. Sometimes quirky and quaint, sometimes sleek and modern, these triangle-shaped houses have spiked in popularity of late.

Construction 98

Construction Land Agents Investor 98

Housing Wire

NOVEMBER 10, 2022

The increased fees that military veterans and active duty personnel pay for Veterans Administration (VA) mortgage loans should be allowed to expire on schedule, and congressional leaders should avoid any policies that would extend these fees, according the Community Home Lenders of America (CHLA). CHLA leadership spelled out their opposition to the increased VA home loan fees on Thursday in a letter sent to congressional chairs and ranking members of the House and Senate Veterans Affairs Committ

Loans 369

Loans Land Mortgages As-is 369

Coldwell Banker

NOVEMBER 10, 2022

A shifting luxury landscape spotlights how agents are needed more than ever to guide consumers home. The post Affluent consumers find value in agent expertise and will use an agent again, according to new Coldwell Banker Global Luxury data appeared first on Coldwell Banker Blue Matter.

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Agents 97

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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.

Agents

Housing Wire

NOVEMBER 10, 2022

Blend Lab ‘s third-quarter loss of $133.98 million was driven by a decline in mortgage banking and its title insurance business revenue, which occurred despite its consumer banking revenue more than doubling from the same period last year. The loss also reflects a $57.9 million impairment of intangible assets and goodwill related to the Title365 segment, resulting in a full write-off of these assets as of September 30, 2022. .

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Title Banks Mortgages Loans 364

Real Trends

NOVEMBER 10, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. are white, while 8% are Hispanic, 3% are Black and 2% are Asian. The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%.

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Equity Finance Technology As-is 96

Housing Wire

NOVEMBER 10, 2022

Angel Oak Home Loans will exit its retail distribution channel following a sale of its retail offices to an unknown lender and servicer. The firm will focus on the non-qualified residential mortgages in the wholesale and correspondent channels. “Angel Oak is exiting its retail distribution channel and divesting its retail distribution capabilities housed in Angel Oak Home Loans, entering into a transaction with a leading mortgage lender and servicer,” a statement from Angel Oak said.

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Loans Bankruptcy Loan Officer Lending 321

HomeLight

NOVEMBER 10, 2022

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Fort Lauderdale area companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more.

Purchase and sale agreement 95

Purchase and sale agreement Closing costs Closing Sales 95

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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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Point2Homes

NOVEMBER 10, 2022

Studio apartments are often an affordable home option and can provide a great blank slate to add your personal touch to the space. But you may be looking around a studio apartment , wondering what your best decor options are and how you can use the space in a way that makes sense. Here are some things to consider if you’re looking to decorate a studio apartment and add personality, functionality and maybe even some “wow” factor.

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Design As-is 94

Bigger Pockets

NOVEMBER 10, 2022

With so much going on—a recession, rampant inflation, rising interest rates—overcoming your money fears can be more challenging than ever before. The world is changing, and many of us feel […].

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Realtor.com

NOVEMBER 10, 2022

Design by Realtor.com / Getty Images (3) Some sobering news: For would-be buyers who have had their home searches foiled or delayed by soaring mortgage interest rates , the housing market is likely to get worse before it gets better. Mortgage rates are expected to keep rising after new indicators showed that inflation rose 7.7% year over year in October, according to a Bureau of Labor Statistics report released on Thursday.

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Mortgages Fixed-rate mortgage MLS As-is 88

Bigger Pockets

NOVEMBER 10, 2022

The housing market has shown homebuyers both fierce love and abuse throughout 2022. At the start of the year, offering anything other than twenty thousand above asking was seen as […].

Marketing 89

Marketing 89

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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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Realtor.com

NOVEMBER 10, 2022

Getty Images Home prices continued to churn higher even as mortgage interest rates jumped , keeping the housing market pricey and competitive. Across the country, the average home price was 8.6% higher in the third quarter of the year compared with a year ago, according to a recent report from the National Association of Realtors®. That shows that demand for housing remains strong, despite the higher prices and mortgage rates.

Mortgages 84

Mortgages Fixed-rate mortgage Equity Loans 84

Realty Biz

NOVEMBER 10, 2022

Are you wondering if it's still worth using Twitter for your real estate business? Twitter's recent decision to start charging a monthly fee for verification has many people wondering if it is still worth using. With other social media marketing platforms like Facebook, Instagram, and LinkedIn all offering free verification, it makes you wonder if Twitter is still worth your time and investment.

Agents 79

Agents As-is Marketing Investor 79

Realtor.com

NOVEMBER 10, 2022

MLS via Realtor.com Saddle up! Here’s your chance to claim a corner of Colorado’s storied cowboy culture. The Old Town Square in Silverton is situated in an old mining town. The historic square is a tourist destination, and most of the attractions on it are included in the $1.6 million asking price. “There is a train that runs from Durango to Silverton,” says listing agent Olivia Barrett , with Re/Max Pinnacle.

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Commercial Residential MLS Land 83

Realty Biz

NOVEMBER 10, 2022

Tips For Becoming a Real Estate Broker. Do you want to become a real estate broker? Real estate brokers can do everything an agent can, helping buyers and sellers through buying or selling a home. Brokers can also employ real estate agents to take care of clients, leaving the real estate broker to manage the transactions within the brokerage. We will take an in-depth look if you have ever wondered what a real estate broker is or how to become one.

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Pre-approval Brokerage Agents Property Management 79

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