Housing Wire

OCTOBER 20, 2022

The Fifth Circuit U.S. Court of Appeals found this week that the funding source for the Consumer Financial Protection Bureau (CFPB) is unconstitutional , according to a decision reached by a three-judge panel. The panel found that the “design of the CFPB violated the Constitution because it receives funding through the Federal Reserve, rather than appropriations legislation passed by Congress,” reads a story on the decision by Politico.

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Lending Finance Banks Industrial 435

Keeping Current Matters

OCTOBER 20, 2022

As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well.

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Mortgages As-is Marketing 306

Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the second quarter of 2022, as measured by proprietary data from the Auction.com marketplace.

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Marketing Investor Renovation As-is 459

GeekEstate

OCTOBER 20, 2022

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: TurboTenant]. The ever-evolving rental world can be daunting for the DIY landlord. From marketing properties online to automating rental payments to screening tenants and more, TurboTenant centralizes tools to simplify finding and retaining tenants for independent landlords, real estate investors, and property managers.

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Property Management Investor As-is Marketing 126

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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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Housing Wire

OCTOBER 20, 2022

Online bank Ally Financial recorded a $136 million impairment related to its investment in struggling digital mortgage lender Better.com , bank executives said Wednesday during the company’s third-quarter earnings call. The bank disclosed to shareholders and analysts that the $136 million impairment was a “nonmarketable equity investment” related to its mortgage business. “Following the impairment, our investment has a remaining carrying value of $19 million, so this has

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Banks Mortgages Equity Finance 435

Eye on Housing

OCTOBER 20, 2022

As rising mortgage rates continue to cool the housing market, the volume of existing home sales has declined for eight consecutive months as of September, according to the National Association of Realtors (NAR). The average 30-year fixed mortgage interest rate has increased from 3.11% at the start of the year to 6.

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Sales Mortgages Marketing 119

HomeLight

OCTOBER 20, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes, not legal advice. If you need assistance navigating the legalities or requirements attached to selling your home without a Realtor®, HomeLight always encourages you to reach out to your own advisor. For Sale By Owner (FSBO). Traditionally, only about 7%-8% of homeowners go the solo route in selling their homes.

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Purchase and sale agreement Pre-approval Inspection Title 111

Housing Wire

OCTOBER 20, 2022

Profit margins on median-priced single-family and condo sales across the U.S. decreased to 54.6% in the third quarter, according to a new report from real estate data company ATTOM. This is the first decline in home prices in almost three years, down from 57.6% in the second quarter, with median national home values dropping 3% quarterly to approximately $340,000, the report said.

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FHA loan Sales Finance Investor 435

HomeLight

OCTOBER 20, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal advice. If you need assistance navigating the legalities of what to disclose when selling a home in New Jersey (NJ) or using seller disclosure forms, HomeLight always encourages you to reach out to your own advisor. If you’re considering selling your New Jersey home, you’ve probably wondered what kind of disclosure forms the Garden state requires and how much you need to know about the

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Purchase and sale agreement Inspection Construction Land 111

Housing Wire

OCTOBER 20, 2022

Real estate tech firm Voxtur Analytics Corp. on Wednesday announced that it has released an Attorney Opinion Letter (AOL) product for VA direct and VA-backed home loans as a compliant alternative to title insurance. Voxtur previously announced this year that it had produced an AOL for Fannie Mae loans. The announcement this week came in response to updates to the VA Lenders Handbook from the Department of Veterans Affairs, which announced it would accept AOLs as an alternative to title insurance

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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

App Folio

OCTOBER 20, 2022

Between rising inflation and shifting resident and employee expectations, you’re facing some tough challenges. To overcome them, you need better.

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Housing Wire

OCTOBER 20, 2022

Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). . “The housing sector continues to undergo an adjustment due to the continuous rise in interest rates, which eclipsed 6% for 30-year fixed mortgages in September and are now approaching 7%,” NAR Chief Economist Lawrence Yun said in a statement. “Expensive

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Sotheby's International Real Estate

OCTOBER 20, 2022

Visionaries have always understood the need to reserve mental space for the tasks that will have the greatest impact. This concept of “decision fatigue” is why innovators in the tech space often wear the same thing every day. Domotics, otherwise known as smart home technology, can introduce subtly incorporated technological touches to provide an unparalleled elegance and minimalism to a home, taking care of small tasks and decisions in a way that enables great thinkers to optimize their schedule

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Technology Design As-is 105

Lighter Side of Real Estate

OCTOBER 20, 2022

Unless you’re buying a house with all cash, it’s important to make sure you have a good (if not great !) credit rating. There are definitely options for you even if your credit rating isn’t the best, but having a solid credit score certainly makes getting a mortgage easier — and at a lower rate. But your credit score isn’t the only thing you need to be conscientious about!

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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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Mandrona Group

OCTOBER 20, 2022

Are you, your family and friends registered to vote? Midterm elections come nearly two years into a president’s 4 year term, Read More.

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BubbleInfo

OCTOBER 20, 2022

Thanks to Mike for pointing out that comparing 2022 data to last year isn’t really fair: The pandemic years, especially 2021, were a strange aberration where everyone moved, house prices skyrocketed, and nearly every real estate business posted record revenues. Why it matters: 2022 is constantly being compared to 2021, which was anything but normal, […].

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Marketing 92

Bigger Pockets

OCTOBER 20, 2022

The Fed’s most recent increase to the federal funds rate has driven mortgage rates to their highest level since 2002. That was the goal—to increase the cost of borrowing to slow […].

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Mortgages Marketing 92

Realty Biz

OCTOBER 20, 2022

Smart homes are becoming more popular every day. In the next four years, it's estimated that nearly 50% of all homes will be smart homes. That's because people understand the benefits of having a home with smart technology. What is a Smart Home? A smart home is a residence that uses advanced technology to provide enhanced security, comfort, energy efficiency, and convenience.

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Technology As-is Marketing 91

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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

Tom Ferry

OCTOBER 20, 2022

It’s Time to Put Your Foot Down and Decide What’s No Longer Serving You In most of my blog posts, we talk about things you should be doing, because growth comes from action. The more positive actions you take, the more you can achieve and the closer you’ll come to achieving your goals. But in […]. The post Put Your Foot Down: What Will You No Longer Tolerate in 2023?

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Realty Biz

OCTOBER 20, 2022

There are many reasons why you should use LinkedIn for real estate but if you're treating it just like Instagram or Facebook, you're doing it wrong. As such, you need to use LinkedIn marketing for lead generation. There's really no better way to reach a targeted audience of people who are more interested in your message than with one of the biggest business networks in the world.

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Property Management Sales As-is Agents 91

Bigger Pockets

OCTOBER 20, 2022

Taking a sabbatical from work requires a few things: time, money, and the willpower to do some soul-searching. Most people think that they can’t take any more than two weeks […].

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Finance 89

Real Trends

OCTOBER 20, 2022

The market may be difficult right now, but there are still opportunities to be had for those willing to work for them. “2023 is either going to be the worst year ever if you don’t pay attention or it’s going to be the biggest year of your entire career,” said Ryan Serhant, CEO, broker and founder of SERHANT. “But you have to actually work at it.”. In his keynote at HousingWire Annual earlier this month, Serhant shared tactics and insights on seizing opportunities and creating growth in a changin

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Marketing Renovation Brokerage Sales 80

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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

Bigger Pockets

OCTOBER 20, 2022

Finding cash flow isn’t easy, especially with rising interest rates, high home prices, inflation, and an economic crunch on everyday investors. Where is the best place to park your cash […].

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Investor Marketing 89

Brownstoner

OCTOBER 20, 2022

This apartment for rent in an 1890s Bed Stuy brownstone offers some period details, two bedrooms and bit of outdoor space that a creative eye could enliven. It is on the garden level of the two-family row house at 842 Putnam Avenue. The open plan living room and kitchen face the… Read More > The post Bed Stuy Floor-Through With Mantel, Exposed Brick, Patio Asks $2,650 a Month appeared first on Brownstoner.

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Marketing 76

RISMedia

OCTOBER 20, 2022

By Brooke Chaplin Regardless if you want to improve the safety of your kitchen or increase property value, there are many benefits of remodeling, and you can take the step without overspending. It’s always wise to develop a plan and stay committed to that strategy, minus a few changes here and there. Once you know […]. The post How to Save Money While Upgrading Your Kitchen appeared first on RISMedia's Housecall.

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Development 74

Brownstoner

OCTOBER 20, 2022

Got a project to propose for The Insider? Please contact Cara Greenberg at caramia447 [at] gmail [dot] com. If there's one thing 21st century homeowners crave, it's light, which tends to be scarce in Brooklyn row houses. Hence the move that has taken hold in renovations throughout the borough in the past… Read More > The post The Insider: It’s All About the Light in Sweeping Renovation of Windsor Terrace Limestone appeared first on Brownstoner.

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Renovation 75

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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.

Sales

Mashvisor

OCTOBER 20, 2022

As the year comes closer to an end, many investors are now looking ahead and wondering what the best places to invest in real estate 2023 are.

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Investor 68

Brownstoner

OCTOBER 20, 2022

In the News Who Approved This? Gowanus Mural Has Awkward Letter Placing [NYP] Brooklyn Chamber of Commerce Hosts Hospitality Conference to Boost Biz [BP] Bushwick’s Nenes Taqueria Opens New Outpost in Park Slope [BK Mag] Retail, Art and Lifestyle Space, Seed Brklyn, Coming to Bed Stuy [BK Mag] Bay Ridge Community Gets Preview of New… Read More > The post Daily Links: Construction Booms in Rezoned Gowanus, Central Brooklyn appeared first on Brownstoner.

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Construction 75

HomeLight

OCTOBER 20, 2022

Looking to sell your home in New Jersey? Then, you’re still in luck. “Nationwide, it’s been a pretty good sellers’ market across the board because of lack of inventory,” explains top-performing real estate agent Albert Casalnova of Atlantic County, New Jersey. Even though rising interest rates have cooled last year’s red-hot market, the Garden State’s 8,723 square miles of land is in high demand.

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Purchase and sale agreement Inspection Closing costs Agents 64

Brownstoner

OCTOBER 20, 2022

… Read More > The post appeared first on Brownstoner.

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