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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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.

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Mortgages As-is Construction Marketing 536

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 218

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.

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MLS Title Mortgages As-is 388

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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 115

Mortgages 115

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. .

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Mortgages Loan Officer Loans Brokerage 370

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.

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Mortgages Loan Officer Banks Lending 362

Realtor.com

NOVEMBER 10, 2022

Getty Images Selling a home is no longer the easy feat it was last year—or even six months ago. Between the news that we already seem to be slipping into an unofficial recession and a serious home market slowdown , many sellers feel like they’re facing a Sisyphean task. The Federal Reserve’s latest interest rate hike of 0.75% is expected to push up mortgage rates that had already reached a 20-year high, putting further pressure on a stressed market.

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VA loan Loans Land Mortgages 106

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.

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Loans Finance Design Mortgages 357

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

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Loans

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 Mortgages 343

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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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

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Loans Mortgages Land As-is 295

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.

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Agents As-is Marketing Investor 100

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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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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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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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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 Equity 267

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 […].

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Banks Mortgages As-is Marketing 99

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.

Agents

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.

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Real Trends

NOVEMBER 10, 2022

Welcome to the new market! Now that there are more listings, buyers have more choices. With more choices, buyers’ agents look for reasons to not show a property, and buyers look for reasons not to buy it, or to simply keep looking. Now that fewer buyers are looking, each showing is far more valuable to you as a listing agent. No one wants to have slow or no showings and then have to talk to the seller who trusted you and figure out what to say to them while the house languishes on the mark

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MLS Agents Inspection Staging 94

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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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 91

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.

Agents

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 Loans 88

BubbleInfo

NOVEMBER 10, 2022

It looks like the hefty L.A. mansion tax is going to pass. Don’t be surprised if other cities and counties do the same and pit the rich people vs. everyone else under the guise of solving homelessness. Measure ULA, the so-called “mansion tax,” is a ballot measure in California that would impose a one-time transfer […].

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Marketing 105

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.

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Mortgages Fixed-rate mortgage Equity Loans 84

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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Agents

Realtor.com

NOVEMBER 10, 2022

Photos courtesy of Caroline Myers Interior Design / Patrick Prudhomme at Sheffield Furniture & Interiors / RND Technology via Houzz Inflation, recession, supply chain problems—apparently, none of these things will stop homeowners from fixing up their humble abodes. A new survey from Houzz polling 4,000 homeowners in October found that only 1% had canceled a home improvement project recently.

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Renovation Design Technology Industrial 81

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 […].

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Marketing 79

BubbleInfo

NOVEMBER 10, 2022

It sure seemed like there was plenty of extra buffer built into the recent mortgage rates. With the CPI report coming out more favorable than expected, the markets reacted – and boom, a half-point drop! If buyers get the feeling that both rates and prices are coming their way, it should keep them looking. If […].

Mortgages 72

Mortgages Marketing Loans 72

Realtor.com

NOVEMBER 10, 2022

MLS via Realtor.com Looks can be deceiving, especially when it comes to the surprises tucked inside this magical “ Alice in Wonderland”-like find for $785,000 in Pikesville, MD. The home’s traditional-looking, two-story exterior doesn’t hint at the splashy designs behind its front door. Expect to be wowed with over-the-top details, including zebra-print carpeted stairs, a mirrored dining room with a wallpaper-lined ceiling, and a bathroom awash in polka dots. ‘Eccen

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Design MLS Lending Agents 71

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.

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