Keeping Current Matters

JULY 7, 2022

According to a recent survey, more and more Americans are concerned about a possible recession.

Marketing 282

Marketing 282

Housing Wire

JULY 7, 2022

Roughly eight in 10 consumers participating in a recent survey are frustrated with the housing market, inflation and the increasingly worsening economy — reflecting record-setting dissatisfaction from respondents of Fannie Mae ‘s Home Purchase Sentiment Index (HPSI). The index, which tracks consumer confidence in the housing market, fell 3.4 points from May to June, dropping to 64.8 — its second-lowest reading in a decade.

Mortgages 488

Mortgages Marketing As-is Sales 488

HomeLight

JULY 7, 2022

After several years of renting and moving in and out of different spaces, you’re (finally!) in a comfortable enough space financially to take the plunge and start looking for a more permanent place to call home. But let’s say you make $70,000 per year (a little less than the 2021 median household income of $79,900, according to the U.S. Department of Housing and Urban Development), is it worth it to buy a home ?

Debt-to-income ratio 122

Debt-to-income ratio Closing costs FHA loan Loans 122

Housing Wire

JULY 7, 2022

Purchase mortgage rates this week continued their recent downward trend, dropping 40 basis points to 5.30%, according to the latest Freddie Mac PMMS Index. A year ago at this time, 30-year fixed rate purchase rates were at 2.90%. The PMMS, a government-sponsored enterprise index, accounts solely for purchase mortgages reported by lenders during the past three days.

Fixed-rate mortgage 482

Fixed-rate mortgage Mortgages Technology Industrial 482

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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.

Development

Fancy Pants Homes

JULY 7, 2022

When it comes to Hollywood power couples , it doesn’t get much more famous than Chrissy Teigen and John Legend. Married since 2013, the Sports Illustrated swimsuit model-turned-cookbook-author and the EGOT-winner both have impressive resumes — and they’ve added savvy real estate buyers to their credentials. . As proud owners of a custom-built, 6-bedroom mansion in Beverly Hills, the A-listers are finally feeling settled in their new home, and have spoken publicly about their ne

Closing 116

Closing Design Renovation As-is 116

Housing Wire

JULY 7, 2022

Can Fannie Mae ’s housing equity plan make a meaningful dent in the 30 percentage point racial homeownership gap without a broad review of loan pricing? Top brass at Fannie Mae, in a Thursday webinar discussing its new equitable housing finance plans, argued it can. “The list of potential obstacles across the Black housing journey — it’s long,” said Katrina Jones, Fannie Mae’s vice president of racial equity strategy and impact.

Equity 448

Equity Lending Closing costs Development 448

Housing Wire

JULY 7, 2022

In May, we announced our intention to acquire Black Knight. Since the announcement , we have heard from a number of lenders and partners about their excitement over our ability to accelerate the digital journey of our industry, our ability to invest in the modernization of the MSP servicing platform, and the open technology approach we bring to the deal.

Technology 448

Technology Loans Industrial Mortgages 448

Brownstoner

JULY 7, 2022

Affordable homeownership nonprofit Center for NYC Neighborhoods is piloting an estate planning program as part of a parcel of initiatives intended to reverse declining Black homeownership rates across the city. The Generation 2 Generation program, announced at the end of June, is one of five programs being rolled out by… Read More > The post As Black Homeownership Declines, Estate Planning Program Aims to Reverse Trend in Brooklyn appeared first on Brownstoner.

As-is 111

As-is Marketing 111

Housing Wire

JULY 7, 2022

Enact Holdings Inc., the holding company for Enact Mortgage Insurance Co. , has inked a deal with five lenders that have agreed to extend a $200 million revolving line of credit to the company. The credit facility will be used for working capital and other corporate purposes as well as for capital contributions to its insurance subsidiaries. Enact (Nasdaq: ACT), formerly known as Genworth Mortgage Insurance Corp., announced the new five-year credit facility in a filing with the U.S.

Mortgages 435

Mortgages Banks Loans Finance 435

The Mortgage Report

JULY 7, 2022

Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. They’d started that morning barely moving. But, within an hour of my posting my prediction, they started moving quickly […].

Mortgages 111

Mortgages 111

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

JULY 7, 2022

We are in a unique moment in the history of housing. With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market.

Mortgages 418

Mortgages Marketing Investor Loan Officer 418

HomeLight

JULY 7, 2022

A home warranty offers sellers and homebuyers peace of mind that appliances and mechanical systems will remain in working order until the homebuyer takes possession. Most real estate agreements require that a house is in the same condition as when the buyer viewed it when they take possession, so if an appliance or mechanical system breaks down after you’ve signed a purchase agreement , you’ll have to repair or replace it.

Purchase and sale agreement 111

Purchase and sale agreement Sales Agents Closing 111

Realtor.com

JULY 7, 2022

You signed what seems like hundreds of papers. You’re holding the keys to your new home. The door is open—and now it gets real. Being a homeowner isn’t just a title—it’s also a responsibility, and there are a few new habits you’ll need to develop to keep your home in tip-top shape. Don’t be intimidated, though. The benefit of creating and staying on top of a few key habits means that the work will never feel overwhelming.

Closing 110

Closing Development Inspection Title 110

RISMedia

JULY 7, 2022

By Brooke Chaplan There are several tasks to take care of before putting your home on the market. For example, you need to take the time to boost your curb appeal. After all, you want to make a good impression on your potential buyers. If they arrive at your home and notice an unsightly exterior, […]. The post How to Improve Your Home’s Exterior Before Listing appeared first on RISMedia's Housecall.

Marketing 108

Marketing 108

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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.

Brokerage

Real Trends

JULY 7, 2022

Following a two-year draught in housing inventory, the housing market is showing signs of replenishment, according to data published by Realtor.com. The week ending July 2 saw the rate of new listings increase by 8% year-over-year. The rate of active inventory rose 29% above last year’s rate. An increase in home listings is partially being driven by higher interest rates, which are discouraging potential buyers, Danielle Hale, chief economist at Realtor.com, said in a statement.

Sales 106

Sales Mortgages Marketing As-is 106

Realty Biz

JULY 7, 2022

With interest rates and inflation both on the rise, the US housing market has recently taken a hit. In fact, the cost of buying a home jumped more than 20% this April compared to the same month in 2021. It’s no secret that in recent yes, the real estate market has become increasingly more unstable than it usually is. Home prices have fluctuated wildly, and there have been a number of high-profile housing bubbles that have eventually burst, causing economic damage. .

Marketing 106

Marketing Pre-approval Mortgages As-is 106

Brownstoner

JULY 7, 2022

In the News Suing New York, Over and Over, for Transgender Rights [NYT] EDC Underreported Cost of Ferry System by $224 Million [Eagle] Key Red Hook Industrial Site Sells Full Square Block for $10 Million [Eagle] Brooklyn Nonprofits Tackle Drug Use With Innovative Models [BK Reader] The Ideal Living Situation in Brooklyn? ‘Fuggetaboutit!’ Tenants Say… Read More > The post Daily Links: Still Desperate for Lifeguards, City Ups Starting Pay to Hire More People appeared first on Brownstoner

Industrial 98

Industrial 98

Realty Biz

JULY 7, 2022

Real estate technology will inevitably change the way you run your business. Times have changed and so have the real estate technology tools that agents use to communicate with potential clients, generate leads, and keep their business afloat. No matter if you’re an experienced agent or just starting out, there are apps that can make your life easier as a real estate agent.

Technology 101

Technology Agents Industrial Investor 101

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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

Brownstoner

JULY 7, 2022

When interior designer Crystal Sinclair's clients purchased a three-story Brooklyn row house a few years back, it had already undergone a major renovation, including new steel and glass rear walls on the garden and parlor levels. Then the homeowners found themselves having to live in another part of the country… Read More > The post The Insider: Layout Tweaks, All-New Decor Bring Creative Flair to South Slope Row House appeared first on Brownstoner.

Renovation 98

Renovation Design 98

Notorious ROB

JULY 7, 2022

Over the past few weeks, there has been a flurry of posts, articles, tweets, and other expressions of… what to call them… predictions? opinions? studies? that all drive to the idea that the US housing market is either collapsing already, or about to collapse. Because the Fed, you know? Raise rates on fiat dollars, and that raises rates on fiat dollar mortgages, which makes housing more expensive in nominal terms.

Sales 98

Sales Marketing As-is Mortgages 98

BubbleInfo

JULY 7, 2022

Here is a good sampling of the NSDCC pricing decisions made in May (mortgage rates started going up the first of April). The days-on-market are on the left. Days on Market: All 28 found their buyer quickly – only one took as long as ten days! Paid Over List: 21 of 28 paid over the […].

Days on market 96

Days on market Mortgages As-is Marketing 96

Realtor.com

JULY 7, 2022

If you’re preparing for a move, you deserve advice and support that’s customized to your situation. Why? Because taking care of the “little” details can make a big difference when it comes to boosting your pre-move peace of mind. The average American moves nearly one dozen times in their life—and it’s all-but-guaranteed that each of those times will feel like a unique experience.

Pre-approval 80

Pre-approval Design As-is Construction 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

Redfin

JULY 7, 2022

For many first time renters and seasoned renters alike, designing your apartment or rental home is the way to put your stamp on the place. Whether that’s through meaningful art, choosing a color scheme, or just buying your first set of dishes, furnishing your own space can turn a new apartment into a “home.” However, there are apartments that don’t require any design skills and are move-in ready.

Design 71

Design As-is 71

Sotheby's International Real Estate

JULY 7, 2022

From a remarkable waterfront home in Washington to a historic castle in France, these are this month’s four featured notable properties for sale over $12 million. Hunt’s Point, Washington. Gray Team, Realogics Sotheby’s International Realty . An unparalleled east-facing estate nestled on the shores of Hunts Point awaits the vision of its next steward.

Sales 71

Sales 71

Tom Ferry

JULY 7, 2022

We’re already in Q3, which means it is the time to do your self-audit and ask: What did I do that worked? What didn’t work? Is there anything I’m missing? Am I making my calls? How’s my social media? Are my presentations as strong as they can be? But here are three other questions I […]. The post What This Year’s Summit Means for Your Playbook (and Everyone Else’s Too) appeared first on Tom Ferry.

As-is 70

As-is Sales Agents 70

Realty Biz

JULY 7, 2022

The mattress that you choose has a huge impact on the quality of comfort you experience when you sleep, which is why selecting a mattress that provides you with all the support you need is essential. The type of mattress you choose to sleep on is mostly based on personal preference, so how are you meant to choose the perfect mattress for a guest room ?

As-is 69

As-is Marketing 69

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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

JULY 7, 2022

A career in real estate is worth looking into. Those who are looking for the best real estate jobs that pay well just need to know where to look.

Investor 69

Investor Agents 69

Redfin

JULY 7, 2022

Pennsylvania, also known as the Keystone State, is one of the most populous states in the US. It’s the 33rd largest state by land area and has a population of over 12 million people. Pennsylvania offers both big city living and small-town charm, and with its location, residents can travel to surrounding states like New York in no time. From the bustling metropolis of Philadelphia to the scenic farmlands of Lancaster , it has something for everyone.

Land 66

Land Sales Closing As-is 66

BubbleInfo

JULY 7, 2022

The number of detached-home listings between La Jolla and Carlsbad has plummeted this year, compared to previous years. We saw the June counts (included again here), but how does the overall count look for the first six months of 2022? NSDCC Listings, First Half of the Year Year # of Listing, Jan-Jun Median LP Median […].

Marketing 65

Marketing 65

Redfin

JULY 7, 2022

Raleigh, NC, “City of Oaks,” is quickly becoming home for many North Carolinians and out-of-staters alike. With countless historic museums, iconic BBQ, outstanding local restaurants, and scenic oak tree-lined streets, it shouldn’t come as a shock that nearly 490,000 people live in Raleigh. If you’re looking to buy a home in Raleigh , expect to see the median home sale price coming in at $405,000.

Sales 63

Sales Closing As-is 63

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