Tue.Jan 10, 2023

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How To Sell A House As-Is

Realty Biz

Selling a house as-is means selling the property without making any repairs or improvements. With all its flaws, the buyer takes the property and is responsible for any repairs or upgrades needed. The seller does not have to make any repairs before the sale, but certain disclosures are still made to the buyer. You can sell a house as-is to an individual buyer or companies like Vancouver Redevelopment , which specializes in buying houses as-is.

As-is 90
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Wells Fargo closes correspondent biz, will shrink servicing portfolio

Housing Wire

Wells Fargo , the largest depository mortgage lender in America, announced Tuesday that it will officially exit the correspondent channel and also reduce its servicing portfolio, the country’s largest. . The move isn’t much of a surprise. Executives have hinted at it over the past year and Bloomberg reported in August that Wells Fargo would likely shrink or eliminate the correspondent channel.

Closing 477
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Christie’s International Real Estate taps Colvin as Affiliate Services VP

Inman

In the newly established role, Anne Colvin, formerly of Luxury Presence, will manage the brand's execution of its service offerings, such as its technology, marketing, coaching and training.

Branding 152
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Purchase sentiment is up but affordability remains a challenge in 2023

Housing Wire

Potential homebuyers’ purchase sentiment improved slightly in December, but that still remains well below pre-pandemic highs, according to new data from Fannie Mae. Ongoing affordability challenges are expected to limit buyers from entering the market in 2023, according to Fannie Mae , which will result in continued decline in home sales in coming months.

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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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US Supreme Court denies NAR petition in pocket listing case

Inman

The nation's highest court will not be weighing in on whether the real estate trade group's Clear Cooperation Policy violates antitrust laws. The case proceeds in a lower court.

MLS 152

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Keller Williams’ goal for 2023? ‘Someone has to sell a damn house’

Inman

Keller Williams President Marc King told Inman he was confident in the brokerage's path to success in 2023 despite a few bumps on the road to becoming the "Disneyland" of real estate.

Brokerage 148
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Blend cuts workforce, shakes up leadership

Housing Wire

San Francisco-based Blend Labs will sharply reduce its workforce and make changes to its leadership as it seeks to achieve profitability, the company announced on Tuesday. . Amid a rapidly shrinking mortgage market, the company reported a loss of $133.98 million in the third quarter of 2022. It resulted from a big decline in mortgage banking, title insurance revenues and an impairment related to the Title365 segment. .

Title 414
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Diversify your business in 2023 with investor growth in the market

Inman

A poll of hundreds of real estate investors found that the vast majority saw business growth in 2022 and plan to continue investing in 2023. Here's what agents need to know.

Investor 148
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2023 is the year of action for the housing industry

Housing Wire

Well, here we are at the beginning of another year. For those of us in housing finance, the calendar year change really does mean something. There is a mix of hope and uncertainty as we anticipate the potential increase of post-holiday volume and the proven run up to the spring and summer buying season. However, all of the concerns from last year threaten to carry over — from the fear of recession to stubborn high home prices and the stickiness of sub 3% mortgage rates that keep future buyers fi

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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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Blend cuts nearly 30% of workforce in blistering 4th round of layoffs

Inman

Blend also announced the resignations of President Timothy Mayopoulos, Head of Finance Marc Greenberg and Head of Legal Crystal Summer amid a round of cuts impacting about 340 workers.

Finance 156
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American Pacific Mortgage hires 150 AmeriFirst Financial employees

Housing Wire

American Pacific Mortgage (APM) has scooped up roughly 150 employees from 20 AmeriFirst Financial Inc. branches since December 2022, APM confirmed. APM learned the Arizona-based lender’s branches were ceasing originations last month, which led to an opportunity to recruit branch managers, loan originators and processors to make up for the lost production this year, APM’s CEO Bill Lowman said in an interview with HousingWire on Monday.

Mortgages 381
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Anywhere lays off more workers, announces end of RealSure iBuyer

Inman

The company has slashed its workforce by 11 percent since last June, according to U.S. Securities and Exchange Commission filings. The moves come following months of housing market declines.

Marketing 152
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The Truth About Negative Home Equity Headlines

Keeping Current Matters

Home equity has been a hot topic in real estate news lately.

Equity 196
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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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Demand for apartments turns negative for first time since 2009

Inman

A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. "The balance of power in the rental market is rapidly shifting to renters.".

Marketing 152
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How Many Households Are Priced Out By Higher Mortgage Rates in 2022?

Eye on Housing

Mortgage rates have increased rapidly in 2022, as the Federal Reserve continues to fight high inflation. The U.S. weekly 30-year fixed-rate mortgage rose from a slightly more than 3% in early 2022 to more than 7% in late October and leveled off at a rate of 6.42% as of the end of 2022. Mortgage payments have increased from $1,925 on.

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This is where it takes the longest amount of time to save up for a home

Inman

In Glendale, California, a homebuyer with a median household income for the area can expect to save for 15.1 grueling years, compared to counterparts in Detroit, who will save for just 2.6 years.

Agents 148
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Why You Should Use a Real Estate Agent to Sell Your Home

Coldwell Banker

With so much at stake in the selling of a home, here's our case for why you should work with a professional agent to stage, list and sell your home. The post Why You Should Use a Real Estate Agent to Sell Your Home appeared first on Coldwell Banker Blue Matter.

Agents 123
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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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Defy Mortgage launches as new player in non-QM lending

Inman

Nashville, Tennessee-based lender to serve entrepreneurs and gig workers nationwide is accepting alternative forms of income and assets including cryptocurrency.

Lending 151
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Staging Tips to Sell Your Home This Spring

Coldwell Banker

Before listing your property, consider that proper staging is one of the most important factors in enhancing your home’s appeal and most flattering features. The post Staging Tips to Sell Your Home This Spring appeared first on Coldwell Banker Blue Matter.

Staging 121
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5 technology trends from CES you should stop worrying about

Inman

Is the future coming at you fast? Tech expert Brandon Doyle reviews technology "breakthroughs" that you don't need to stress over.

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Need a Mortgage Co-Signer? Here’s What It Means and What to Watch Out For

Realtor.com

fizkes/iStock This may indeed be the case if you’ve found that perfect house, only to have lenders inform you that you don’t qualify for a mortgage. Enter the co-signer. What does having a co-signer mean for you as a home buyer, and what are the benefits and risks? Read on! Why a buyer might need one. That property you’re eyeing may be just out of your price range, or perhaps you have either a poor or no credit history.

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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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Cordless Media ads on MLSs will provide real-time mortgage rates

Inman

Ad marketplace is the first to implement Optimal Blue's new lead-quoting application programming interface, allowing ads to display rates from multiple lenders.

Mortgages 151
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Want To Lower Your Mortgage Interest Rate? You Can Actually Buy It Down

Realtor.com

Getty Images Many homebuyers today are losing sleep over steeply rising interest rates , which have more or less doubled over the past year and reached their highest level in two decades. Now hovering in the mid-6 % range, these higher rates are adding hundreds, or even thousands, to the monthly housing costs of new buyers. Yet buyers who feel trapped into paying high interest should know that there is a way to lower that rate with a mortgage rate buy-down.

Mortgages 105
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Show your agents love — and build their businesses

Inman

If you want your team to come out of winter ready for the spring market, you need to create a support system that fosters momentum, writes trainer Rachael Hite. Help your team and show them appreciation with tools that capture business, not just empty words of encouragement.

Agents 146
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San Diego Inventory Restrained

BubbleInfo

Inventory has exploded everywhere… except San Diego, and look at the MoM drop. The number of homes for sale last month was cut in half – down to 1,810 active listings in a county of 3.3 million people! The inventory crisis is likely to continue, and keep pricing elevated. How does the current environment compare to […].

Sales 105
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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.