Thu.Oct 20, 2022

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Appeals court rules CFPB funding source unconstitutional

Housing Wire

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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What’s Ahead for Home Prices?

Keeping Current Matters

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

Mortgages 229
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These housing markets are most likely to correct based on foreclosure buyer behavior

Housing Wire

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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Spreading Rentals Far and Wide While Keeping Leads All in One Place

GeekEstate

[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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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Homebuyers increasingly seek ARMs as mortgage rates soar 

Housing Wire

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose two basis points from last week to 6.94% , slowing its upward trajectory this week.

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2021 Is An Outlier

BubbleInfo

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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Designing with Domotics | Innovations in Smart Home Technology

Sotheby's International Real Estate

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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Voxtur rolls out attorney opinion letters for VA loans

Housing Wire

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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Existing Home Sales Continue to Drop Amid Rising Mortgage Rates

Eye on Housing

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.

Sales 101
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Solving Tough Challenges: New Proptech Innovations That’ll Boost Team Productivity

App Folio

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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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Why Smart Homes Will Grow in the Next 5 Years

Realty Biz

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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Put Your Foot Down: What Will You No Longer Tolerate in 2023?

Tom Ferry

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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How to Optimize Your LinkedIn Account to Generate Real Estate Leads

Realty Biz

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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8 Real Estate Memes That’ll Actually Make You Smarter about Your Credit

Lighter Side of Real Estate

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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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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No One Seems To Agree On What’s Caused Inflation—That’s A Big Problem

Bigger Pockets

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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Bed Stuy Floor-Through With Mantel, Exposed Brick, Patio Asks $2,650 a Month

Brownstoner

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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How to Save Money While Upgrading Your Kitchen

RISMedia

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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The Insider: It’s All About the Light in Sweeping Renovation of Windsor Terrace Limestone

Brownstoner

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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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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Finance Friday: How Sabbaticals Make You Happier, Healthier, and Wealthier

Bigger Pockets

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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Daily Links: Construction Booms in Rezoned Gowanus, Central Brooklyn

Brownstoner

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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Medium-Term Rentals: High Rents, Low Risk, and Better Than Vacation Rentals?

Bigger Pockets

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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WA State Midterm Elections 2022 is Tuesday November 8th

Mandrona Group

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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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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Who’s Making Real Estate Moves on ‘Selling the OC’? Plus, Rihanna Buys Again in Beverly Hills

Realtor.com

Netflix / Getty Images / MLS via Realtor.com / Realtor.com. “House Party” is the official Realtor.com® podcast about the overlapping worlds of home and pop culture, hosted by Rachel Stults and Natalie Way. Click the player above to hear our take on this week’s hot topics. This week we continue our recap of “Selling the OC” with Episode 4, titled “ Not So Happy Hour.” While the drama among the agents at the Oppenheim Group is heating up, one agent sells a $3.2 million

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Frenzy Monitor

BubbleInfo

The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Historically, we’ve figured that a 2:1 ratio was a sign of a healthy market. By now we are drifting into the holiday season, so there should be some natural dropoff […].

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20 Best Places to Invest in Real Estate in 2023

Mashvisor

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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How to Handle a Ceiling Leak in Your Apartment

Redfin

A drip coming from your ceiling will catch anyone’s attention right away. You may be going about your day when that unmistakable sound of water droplets hitting your floor rings out. You look up to notice your kitchen vent or light fixture is slowly pooling water and then steadily pattering down to your floor. Dealing with ceiling leaks in your apartment isn’t easy.

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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Maintain value-added scenarios to grow your business mission

Miller Samuel INC

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Generational Trends

Yardi Marketing

People of different ages search differently. In fact, Google’s search data shows that search term lengths are growing with each new generation. Boomers average about 4 words per search, while long-tail search loving Gen Z averages 5 words per search. As a smart marketer, you should be keeping an eye on generational search trends. When you know how each of your different customers search, you can make sure you’re meeting their expectations and creating a good user experience.

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September 2022 Real Estate Market Update

Dwell Real Estate

September 2022 real estate statistics are in. Below you will find changes in median sales price, closed sales, months of supply and dollar volume from September 2021 to September 2022 for Sarasota, Manatee, Pinellas and Hillsborough counties.

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Helpful Lifestyle Changes to Make After Bankruptcy

C4D Crew

Getting your finances in order after filing for bankruptcy can feel overwhelming and impossible, especially if your bankruptcy was a result of mismanagement and overspending. However, there are easy steps you can take to learn better spending habits and get your credit in check. Bankruptcy offers a solution to your financial problems, and a fresh start so you certainly want to make it count.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.