Keeping Current Matters

NOVEMBER 21, 2022

This past year, rising mortgage rates have slowed the red-hot housing market.

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Mortgages Marketing 253

Housing Wire

NOVEMBER 21, 2022

In late October, the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Treasury Department , announced its decision to again expand its Geographic Targeting Orders (GTOs). The new requirements go into effect on November 25, 2022, and the terms of the GTOs are effective through April 2023. In addition to Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco, Washington, D.C., Northern Virginia and Ma

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Title Land Banks Commercial 418

Eye on Housing

NOVEMBER 21, 2022

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded during the third quarter of 2022 despite broader market weakness. There were 59,000 total custom building starts during the third quarter of the year. This marks a 5% increase compared to the third quarter of 2021 in terms of year-over-year change.

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Design Marketing 131

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. Fannie Mae ‘s Economic and Strategic Research (ESR) Group forecasts single-family home sales to post 5.67 million in 2022 before dropping to 4.42 million in 2023 and then climbing to 5.25 million in 2024. The latest forecast also projects that total mortgage origination activity is slightly increased at $2.34 trillion in 2022.

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Sales Fixed-rate mortgage Mortgages As-is 397

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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 21, 2022

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. During the housing boom after covid, this led to a rise for new single-family home size. However, as the housing market weakens on lower affordability conditions this trend appears to be reversing. According to third quarter 2022.

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Residential Marketing 124

Housing Wire

NOVEMBER 21, 2022

The forbearance rate increased marginally in October after more than two years of declines, the Mortgage Bankers Association (MBA) reported Monday. The trade group previously noted that it expected pressures due to worsening economic conditions. . The total number of loans in forbearance in October increased to 0.70% of the servicers’ total portfolio volume, up one basis point from the month prior.

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Loans Staging Mortgages Industrial 397

Housing Wire

NOVEMBER 21, 2022

The housing industry is at an unprecedented moment in time. The COVID-19 pandemic brought interest rates to record lows and spurred a $4 trillion purchase and refinance mortgage boom in 2021. Rapid inflation not seen in 30 years followed, which caused the Federal Reserve to take action, moving interest rates to nearly double , leading to a projected $2.4 trillion in mortgage origination volume in 2022.

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Finance Design Equity Construction 397

Toronto Realty Blog

NOVEMBER 21, 2022

TorontoRealtyBlog. My first landlord was named John. I even remember his last name, but I don’t need to share it. I remember quite a bit about John. I remember his thick Greek accent, his massive hands, his never-ending supply of white short-sleeve dress-shirt, and the cologne he seemed to think needed to be poured so thick onto his skin that it actually eeked into his soul… I was living on King Street in Hamilton while attending McMaster University.

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Property Management As-is Investor Agents 110

Housing Wire

NOVEMBER 21, 2022

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. . The U.S. Department of Housing and Urban Development , through the FHA, announced on Monday that the change will go into effect on December 21, 2022.

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FHA loan Mortgages Loans Lending 370

Real Trends

NOVEMBER 21, 2022

Johnson Tsai’s business is usually 50-50: evenly split between representing buyers in and doing rental deals in New York City. Soaring mortgage rates has changed that dynamic. . “Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” said Tsai, an agent at brokerage REAL New York. Tsai expects this trend to continue into 2023 and likely widen when New York City’s rental market picks back up in the early spring.

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Agents Mortgages Commercial Property Management 107

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 21, 2022

Amid surging rates, declining volumes and a reduced appetite from investors in the secondary market, there are a growing number of casualties in the mortgage space, especially in the riskier non-QM segment. First Guaranty Mortgage Corp. (FGMC) , controlled by global investment management firm PIMCO, filed for Chapter 11 bankruptcy protection in June.

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Commercial Residential Bankruptcy Investor 370

Realtor.com

NOVEMBER 21, 2022

Getty Images Stuff happens! That’s especially true during the holiday season. With guests coming and going, the fireplace regularly blazing, and packages arriving at your front door by the truckload, this is a particularly precarious time. Now, new data reveals that fires, frozen pipes , and porch pirates (aka nefarious folks who sneak up to your doorstep and steal your packages) are among the most dreaded holiday-related mishaps, according to a survey from home security company SimpliSafe.

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Inspection As-is Closing Marketing 107

The Close

NOVEMBER 21, 2022

There is no doubt that FSBOs are some of the most crucial leads a real estate agent can pursue. My broker used to say, “FSBO sellers have already told you they want to sell and want to sell now—all you have to do is convince them you’re the right person for the job.” How do you convince them? Use one of our nine can’t-miss FSBO scripts. Winning over these leads is easier than ever with this collection of tried-and-true FSBO scripts.

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Agents Land Sales As-is 105

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in Louisiana are eager to take over the reins of their home sale and figure out how to sell a house by owner. A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment.

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MLS Agents Sales Land 105

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Realtor.com

NOVEMBER 21, 2022

Design by Realtor.com / Getty Images (2) The drumroll of bad tidings in the housing market was interrupted last week by a glimmer of good news. Finally. Soaring mortgage interest rates, which have caused deep financial pain for many homebuyers and led to a freeze in the housing market, dropped by about half of a percentage point last week. They fell from above 7% to 6.6% for 30-year fixed-rate loans in the week ending Nov. 17, according to Freddie Mac.

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Mortgages Loans Investor MLS 103

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment.

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Purchase and sale agreement MLS Pre-approval Agents 102

Better Dwelling

NOVEMBER 21, 2022

Canadian mortgage credit had an unusually slow month, as the hangover from higher rates starts to settle in. Bank of Canada (BoC) data shows consumer mortgages debt continued to decelerate in September. Higher rates and weak home sales combined for the slowest September in two decades. Canadians Owe Over $2.1 Trillion In Mortgage Debt Canadian […].

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Mortgages Banks Sales 102

Realty Biz

NOVEMBER 21, 2022

Whether it is rent or mortgage payments, housing is the single biggest chunk of spending for the average consumer. That means housing has an outsize impact on overall inflation from month to month. So, after many months of near-historic levels of inflation and now early indications that inflation is slowing, what might we expect from the relationship between the two over the next several months to a year?

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Mortgages Sales Marketing As-is 102

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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.

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Real Trends

NOVEMBER 21, 2022

Today’s RealTrending podcast features Dr. Lee Davenport, a real estate coach and author specializing in helping real estate professionals grow and teaching others about fair housing. Dr. Lee talks about the science behind personalities and how to tailor your real estate prospecting to your personality. For example, certain personalities are great at cold calling and door knocking, but for others, those activities are stressful.

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Brokerage Agents Industrial 98

Realty Biz

NOVEMBER 21, 2022

Whether you’ve just gotten into the real estate business or you’ve been an agent for years, you should know employing effective marketing techniques will be crucial to your success. Today, we will talk about marketing to potential buyers and answer the question, “What is home buyers’ marketing?” once and for all. Keep reading to learn more about what sets this type of strategy apart from other types of real marketing and how to tackle it the right way.

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Agents Marketing MLS As-is 96

Bigger Pockets

NOVEMBER 21, 2022

The Washington, D.C. metropolitan area has one of the strongest real estate markets in the United States. With a large population, high incomes, and a well-diversified labor market, D.C. has […].

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Marketing 92

BubbleInfo

NOVEMBER 21, 2022

There have been 80 NSDCC closings in November, which should mean we should get to at least 100 sales for the month. But with only 108 pendings today, the monthly sales in December and January sales will probably be under 100. Even though there are 393 active listings, sellers haven’t been too interested in adjusting […].

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Sales Closing 91

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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.

Agents

Realty Biz

NOVEMBER 21, 2022

With the rise of digital marketing and social media, Pay Per Click (PPC) campaigns have become an important part of any online strategy for real estate businesses. PPC is a form of online advertising where a business pays a specific amount every time someone clicks on their ad. In this blog post, we'll be discussing how PPC campaigns can benefit real estate agents in their efforts to attract new clients and sell more houses.

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Agents Branding As-is Sales 90

Bigger Pockets

NOVEMBER 21, 2022

Property management has always been a sensitive subject for landlords. Most real estate investors either want to be completely hands-off, letting a property manager handle the entirety of their leasing […].

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Property Management Investor 89

Agent Fire

NOVEMBER 21, 2022

Instagram Insights give real estate agents an instant view of the success of their marketing efforts. Learn how to read Instagram metrics and accurately measure your real estate Instagram campaign. Getting Started with Instagram Analytics for Real Estate is just one of many great real estate strategies on The Spark.

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Agents Marketing 88

BubbleInfo

NOVEMBER 21, 2022

I’ve been on a fortunate lucky streak this year, and it’s not going to last forever so if you don’t mind, I’m going to enjoy it while lasts. More than anything, I want to give hope to sellers and buyers that you can make smart and friendly transactions these days. The negativity should be questioned!

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Brownstoner

NOVEMBER 21, 2022

After 26 years in business in Williamsburg on North 11th Street, the award-winning Brooklyn Brewery will move its brewery and tasting room to a new building on Wythe Avenue at the edge of the Greenpoint-Williamsburg Industrial Business Zone in summer 2024. With the lease at their current 79 North 11th… Read More > The post Brooklyn Brewery to Expand With a Move to Greenpoint appeared first on Brownstoner.

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Industrial 81

Notorious ROB

NOVEMBER 21, 2022

I have had to think about Redfin after Q3 of 2022. Redfin has been my favorite brokerage for years now for a few reasons. I have thought their commitment to the consumer was unshakable, and the desire to save consumers money and to improve things for buyers is written into the DNA of the company. I thought their blend of technology and a W2 employee workforce that makes investment in technology worthwhile was brilliant and bold, if fraught with risk.

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Technology Residential Brokerage Industrial 74

Brownstoner

NOVEMBER 21, 2022

In the Prospect Lefferts Gardens Historic District, this early 20th century brownstone has plenty of gleaming original woodwork, including in an original passthrough, along with some modern updates. The single-family at 204 Maple Street appears move-in ready with period details in fine repair. The 20-foot-wide brick house sits within… Read More > The post Woodwork-Filled PLG Brownstone With Passthrough, Built-ins Asks $1.985 Million appeared first on Brownstoner.

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Marketing 76

Redfin

NOVEMBER 21, 2022

If you live in a small space, you know the struggle of trying to keep it organized. It can seem like an impossible task, but some organizing hacks for small spaces can help. From the tiniest studio apartment in Los Angeles, CA , to a small one-bedroom house in Santa Clarita, CA , these expert organization tips will help you make the most of your limited space.

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Design As-is Inspection 73

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