Fri.Dec 16, 2022

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FHA clarifies dual role restrictions for single-family transactions

Housing Wire

The Federal Housing Administration (FHA) issued clarification on Thursday regarding the extent in which employees in single-family housing transactions are allowed to play dual roles — and how much they are allowed to be compensated from a single FHA-insured transaction. The clarification, issued in a Mortgagee Letter by FHA Commissioner Julia Gordon, notes that participants who have “a direct impact on the mortgage approval decision are prohibited from having multiple roles or sources of

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2023 Housing Market Forecast [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. From home sales to prices the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, connect with a trusted real estate professional who can help you understand where the housing market is headed in 2023.

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Three trends to watch in 2023

Housing Wire

This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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The Size of the Housing Shortage: 2021 Data

Eye on Housing

Reflecting the unprecedented housing shortages across the United States in the post-pandemic market, U.S. vacancy rates hit their lowest readings in decades in 2021. According to NAHB’s analysis of the 2021 American Community Survey (ACS), owner vacancy rates dropped below 0.9% and rental vacancy rates reached a new low of 5.2%, the lowest levels recorded by the ACS since the.

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The 2025 Real Estate Roadmap to Success

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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ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. However, most Americans don’t learn about title insurance until they buy their first home and amid the often stressful, frenetic activity of the closing process, homebuyers can be confused about many of the settlement costs and why they need to purchase a title insurance policy.

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Tips For First Time Home Sellers

Maximum Exposure Real Estate

How to Sell a Home For The First Time Are you a first-time home seller? Selling your home is a big deal and is not a process that most people go through too often. As you move forward with your sale, many things must be considered if you want to sell quickly and for a […]. The post Tips For First Time Home Sellers appeared first on Maximum Real Estate Exposure.

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Preservationists Protest Demolition of Landmarked Buildings Across City

Brownstoner

Angered by the razing of landmarked or calendared properties throughout New York City -- including the Jacob Dangler mansion at 441 Willoughby in Bed Stuy and literary landmark 14 Gay Street in Greenwich Village -- dozens of preservationists, pols and neighborhood activists called for change at a gathering on the… Read More > The post Preservationists Protest Demolition of Landmarked Buildings Across City appeared first on Brownstoner.

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The next 100 days are key for mortgage pros

Housing Wire

Newly elected U.S. presidents have specific agendas they wish to accomplish within the first 100 days of their presidency. This started with Roosevelt. Young parents are reluctant to take their newborns out in public until after their first 100 days for fear of compromising the little one’s immune system. Once the first 100 days have been retired, a celebration ensures.

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Canadian Real Estate Building Boom Hits Historic High, To “Be Tested”: BMO

Better Dwelling

Canada is seeing new housing starts begin to fizzle, with November’s growth largely flat. It might present a concern for many, but BMO Capital Markets explained it shouldn’t. In the bank’s latest research note, they argue new housing starts are still very high. A record number of new homes are under construction, and a lot […]. The post Canadian Real Estate Building Boom Hits Historic High, To “Be Tested”: BMO appeared first on Better Dwelling.

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HW+ Member Spotlight: Nicole Fortunaso

Housing Wire

This week’s HW+ member spotlight features Nicole Fortunaso, Head of Marketing at PropStream. Below, Fortunaso answers questions about the housing industry: HW Media: What is your current, favorite HW+ article and why? Nicole Fortunaso: I loved the announcement that you purchased Altos Research and then explored it on Clayton Collins’s Podcast with Mike Simonsen — The Altos CEO.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Single-Family Permits Continues On A Downward Trend in October 2022

Eye on Housing

Over the first ten months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 865,815. On a year-over-year (YoY) basis, this is 8.7% below the October 2021 level of 948,321. Year-to-date ending in October, single-family permits declined in all four regions. The South posted a modest decline of 6.8%, while the Midwest and the West regions.

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12 ‘Happy New Year’ Real Estate Email Ideas to Kick-start Your 2023

The Close

The new year is upon us! And that means it’s time to spruce up your marketing and reengage your database. We’re here to help with that. We’ve assembled 12 “Happy New Year” real estate email messages for 2023 you can send out to your entire database. Once the New Year’s confetti has been swept away, it’s time to warm up your people and kick-start your marketing with highly effective communiqués to your database.

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What Will the Housing Market Look Like in 2023? A Buyer’s Guide

HomeLight

Homebuyers have weathered a few rough years recently. Home price appreciation, a seller’s market, multiple bid situations — you might have dropped out of the market in 2021 and 2022. After waiting out the housing market storms, will 2023 be your year to buy a home? Market trends look better for buyers in 2023. Prices have been cooling off, there are fewer total bids on homes, and more inventory.

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2023 Housing Market Predictions Show the South Leading the Pack

Realty Biz

With 2023 approaching rapidly, many real estate professionals have turned their eyes to the future to gain some understanding of which direction the housing market will move in throughout the coming year. Towards that end, new research from the National Association of Realtors has revealed that beginning with the New Year, the housing market's best and most prosperous location is likely to be found in neighborhoods in the southern United States.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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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A Wood Frame With Porch in Cypress Hills and Two More to See This Weekend, Starting at $499K

Brownstoner

Our picks for open houses to check out this weekend are all wood frame dwellings and are found in Bay Ridge, Bed Stuy and Cypress Hills. They range in price from $499,000 to $1.385 million. Constructed in 1924 as a single-family, this detached wood frame house was converted to a two-family… Read More > The post A Wood Frame With Porch in Cypress Hills and Two More to See This Weekend, Starting at $499K appeared first on Brownstoner.

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Thank You!! Kirkland 12 K’s of Christmas Runners & Staff

Mandrona Group

For the second year we were given an opportunity to be a presence at the Kirkland 12 K's of Christmas. Read More.

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Daily Links: Pols, Activists Push Governor to Adopt Fossil Fuel Ban in New Construction

Brownstoner

In the News Brooklyn's ‘Luddite’ Teens Don’t Want Your Likes [NYT] Lawmakers Unveil Proposal to ‘Fix’ MTA, Make Buses Free [amNY] Lawmakers Press Governor for Fossil Fuel Ban in New Construction [Gothamist] Construction Started on Cypress Hills Affordable Housing Project [BK Reader] Buildings Ban E-Bikes in Response to Battery Fire Fears [The City] Oscar-Contending ‘The Originals’… Read More > The post Daily Links: Pols, Activists Push Governor to Adopt Fossil Fuel Ban in New Construct

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Happy Holidays From Toronto Realty Blog!

Toronto Realty Blog

TorontoRealtyBlog. Didn’t we just do this? Is life moving in fast-forward, or is it just me? This is the sixteenth seasonal sign-off for me on Toronto Realty Blog, and every time I do this, it feels like the last version was just a little bit closer behind. I’d like to thank all the regular readers and commenters for their continued support, readership, and contributions over the last year, including, but most certainly not limited to: Appraiser, Condodweller, Ace Goodheart, Derek,

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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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Sale of Lot Leads to Closure of Pig Beach BBQ’s Gowanus Flagship at End of Year

Brownstoner

The owners of the popular Gowanus barbecue joint Pig Beach BBQ announced they will be closing the doors to their flagship Brooklyn location on December 30. According a post shared on social media, 480 Union Street, the property where the restaurant is located, was sold to local developer Tankhouse and MacArthur… Read More > The post Sale of Lot Leads to Closure of Pig Beach BBQ’s Gowanus Flagship at End of Year appeared first on Brownstoner.

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Home Prices Just Hit a Turning Point After Nearly a Year, but Will Buyers Miss It Amid the Holidays?

Realtor.com

Getty Images While many homebuyers might be taking a break from their house hunt to indulge in some eggnog and holiday cheer, the few stalwart home shoppers still out there right now have a fantastic opportunity on their hands. Want proof? Home price growth fell to 9.5% for the week ending Dec. 10, down from 10.3% for the week ending Dec. 3. And that shift to single-digit growth is significant. “This slowdown marks the first time in 49 weeks, nearly one year, that median home prices have a

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Altos President Mike Simonsen’s 2023 housing market outlook

Real Trends

It’s been quite a year. When we started 2022, everything was crazy — bidding wars, immediate sales, overbidding on homes, mortgage rates under 3% — what a year it’s been. This article will focus on what we can see for 2023. We’ve got a few more weeks of this year, we have the second week of January where we’ll see an inflection point in pricing and inventory and we’re going to see where we can look.

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Rookie Reply: How to Estimate Rehab Costs and Where to Find the Right CPA

Bigger Pockets

Need to know how to estimate rehab costs, even if you’re investing out of state? For most investors, it seems almost impossible to do a full-scale renovation while living hundreds, […].

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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How Canada’s Real Estate Housing Market Looks Based on Historical Cycles

Zolo

What can you expect to see over the next quarter? Real estate expert Daniel Foch shares his thoughts. The post How Canada’s Real Estate Housing Market Looks Based on Historical Cycles appeared first on Zolo.

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Not Home for the Holidays: A Survival Guide for the Frazzled Houseguest

Realtor.com

Getty Images Are you dreading a holiday with your Aunt Dolores this year—because you’ll have to stay overnight? With holiday travel picking up, many of us are bound for homes that aren’t our own. And let’s face it: Being a guest at someone else’s house can be fairly stressful. From pets who nip at your heels to beds dressed with a single summer-weight blanket, the prospect of uncomfortable nights can bring out the Grinch in us all.

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Mortgage and refinance rates today, Dec. 16, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates fell by a worthwhile amount yesterday. And, unless things change dramatically today, this looks likely to be a very good week for […].

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Luxury Real Estate Headlines: Third week in December 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Hudson, New York | Four Seasons Sotheby’s International Realty. Located just a short drive from New York City, the revamped historic home offers a harmonious blend of old and new. A Charming Hudson Valley Farmhouse Dating Back to 1810 Seeks $995K – Dwell.

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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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Low Offers vs. No Offers

BubbleInfo

There’s a big difference between low offers, and no offers. If you are getting low offers, you probably didn’t fix it up enough. No problem, you figured you’d have to sell it for less, didn’t you? Expect that buyers will want a discount that will be 2x the actual cost of repairs/improvements, because it will […].

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How to prepare for the launch of your online marketplace?

Realty Biz

There are many factors to consider when an entrepreneur plans to launch marketplace. In this blog post, we'll outline key points to remember as you prepare to launch your new business venture. From developing a solid business plan to putting together the right team, we'll cover everything you need to get started on the right foot. . So whether you're just starting to explore the idea of an online marketplace or are already in the planning stages, read on for some helpful tips and advice.

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Treat Yourself: 5 Ways To Bring Modern Luxury to Your Bedroom

Realtor.com

Photo courtesy of @houseliftdesign via Instagram Somewhere among all the present buying, tree decorating, and holiday rushing about, we’re betting there’s one person you’ve forgotten about: yourself! In the name of self-care (and, let’s be honest, self-preservation), we thought now was the perfect time to take a step back from your never-ending to-do list and invest a little time and energy into your most personal space—your bedroom.

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DIY Christmas Decorations for Your Rental

Point2Homes

DIY Christmas Decorations for Your Rental - Point2 News. Living in a rented space can limit what you can do regarding Christmas ornaments that need to be hung or affixed somewhere. But not to worry! You can still get a cozy Christmas look by creatively decorating your space without paying for any potential damage. Here are some easy and fun DIY Christmas decoration ideas to add to your rented space, excluding any nails, screws, adhesives, or anything else that might leave your landlord feeling g

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.