Tue.Oct 18, 2022

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The Latest on Supply and Demand in Housing

Keeping Current Matters

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights.

Sales 225
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Black households have most to gain from inclusion of rent payment data: report

Housing Wire

Racial Equity Accelerator for Homeownership, a collaboration between Urban Institute and Federal Home Loan Bank (FHLB) of San Francisco , on Monday released a report that examines how the adoption of alternative data can benefit Black households within the mortgage lending landscape. The report found a 30-percentage point gap in homeownership between Black and white households in the U.S., which is wider than it was in 1960, before the Fair Housing Act was passed and while race-based housing dis

Equity 414
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8 Memes You Need to See Before Asking Your Real Estate Agent to Lower Their Commission

Lighter Side of Real Estate

By law, real estate commissions are negotiable. So you certainly have the right to ask a real estate agent if they’re willing to agree to a lower fee than they’re asking you to pay. Just know that some agents may be willing to accept a lower commission, while others won’t budge. But before you dismiss an agent who doesn’t budge, and sign on the dotted line with one who does, there are a few things you might not be aware of that you should consider.

Agents 109
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FirstFunding sues Sprout for breaching of contract

Housing Wire

A recent lawsuit claims Sprout Mortgage left its warehouse lender FirstFunding holding over $220 million of its debt when the mortgage lender abruptly closed on July 6. Sprout was founded in 2009 by industry veteran Michael Strauss and became “one of the fastest growing non-QM lenders in the country,” according to the lawsuit. The company relied on several warehouse lenders to obtain advances in order to originate residential mortgages, paying off these lines of credit after selling the loans in

Principal 382
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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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Behind the evil eyes: The (Real) story of the Amityville house

Fancy Pants Homes

Highlights. The Amityville Horror House is real , and you can find it in Long Island, NY — though its now-infamous 112 Ocean Avenue address has changed to 108 Ocean Ave. Its tragic history started in 1974 when Ronald DeFeo Jr. killed his entire family (father, mother, two brothers, and two sisters) DeFeo’s brutal murders inspired the book and film versions of The Amityville Horror The house’s next tenants had it exorcised, but that didn’t seem to help Strange things start

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Inside an Enduring Oceanside Home in East Hampton

Sotheby's International Real Estate

Literature classes have familiarized readers worldwide with the aesthetics and mystique of The Great Gatsby, F. Scott Fitzgerald’s tale of 1920s life among the young jet set of Long Island’s Gold Coast. In many ways, the modern-day Hamptons represent what that character’s stomping grounds represented in its time—ease, prestige, luxury, enduring style, and proximity to the hypnotic, diverting waters of the sea.

Brokerage 103
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6 key indicators for mortgage lenders to assess as market headwinds persist

Housing Wire

To say that mortgage lenders are facing challenging times would be a considerable understatement. The federal funds rate, which is set as a range between an upper and lower limit, currently stands at 3% to 3.25%. The last time that the rate reached 3.25% was in 2005 — and we all know how that story unfolded. Increasing rates pressure originators to lower credit standards in order to keep originating loans.

Mortgages 370
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How will Biden’s independent contractor reclassification hit real estate?

The American Genius for Real Estate

As rules surrounding workers' independent contractor status are aimed at gig workers at Uber and elsewhere, how could this impact the practice of real estate?

Brokerage 105
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QC Ally hires Kristin Broadley as its chief innovation officer 

Housing Wire

Loan quality and audit services company QC Ally announced on Tuesday that Kristin Broadley has joined the company as its new chief innovation officer. In this role, Broadley will help expand QC Ally’s tech-enabled loan quality initiatives and audit services. Broadley’s professional career spans more than two decades. Her most recent role was vice president of enterprise risk at Rocket Central. .

Loans 380
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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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It’s Not Just Mortgage Rates Hurting the Housing Market

Realty Biz

Soaring mortgage rates have led to the worst affordability in almost four decades, while sellers are also losing their ability to move up to more desirable homes. On Friday, October 14, 2022, the current average 30-year fixed-mortgage rate was 7.04%. Not only are mortgage rates at a 20-year high, but inflation is raging, and the stock markets are tanking.

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How to Get Better Insights by Customizing Your Performance Reporting

App Folio

Whether you’re operating and managing real estate that you own or serving as a fee manager, data and reporting are.

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Percy AI is the Future of Real Estate Technology

Realty Biz

??Real estate is undergoing another major change, as digital technologies are changing the way people interact with each other. Mobile apps have now become essential tools for both clients and agents in the business of real estate. Virtual reality systems have also been used to give potential customers the feel of living inside a house before even buying it.

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The Vice-Principal Who Built a 9-Unit Rental Portfolio on The Weekends

Bigger Pockets

Who says you can’t have it all? The career, the love, the wealth—it can all be yours if you want it and work for it. Today’s guest, Mackenzie Grate, works hard so […].

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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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NSDCC Pendings Since 6% Rates

BubbleInfo

The national bashing of the real estate market continues unabated, and I’m sure there are individual markets that are really feeling it. But real estate is local, so let’s examine the facts. To get a sense of what has been happening since rates got into the 6s, let’s review NSDCC homes that have gone pending […].

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The Coming Collapse of Downtown Office Real Estate

Bigger Pockets

After incredible appreciation over the past few years, the residential real estate market has finally started to decline. Many chicken littles are saying this is the beginning of an all-out collapse. […].

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Grand Park Slope Prewar With Mantel, Maid’s Room, Butler’s Pantry Asks $2.25 Million

Brownstoner

A co-op in one of Brooklyn's most storied prewar buildings doesn't come cheap, but this Classic Seven has the gracious floor plan and vintage details one would expect at 9 Prospect Park West. The Art Deco apartment building with Venetian-style details designed by Boak and Paris opened in 1929, just… Read More > The post Grand Park Slope Prewar With Mantel, Maid’s Room, Butler’s Pantry Asks $2.25 Million appeared first on Brownstoner.

Design 75
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5 Popular Styles for Your Bathroom Remodel

RISMedia

By Lizzie Weakley A bathroom remodel is a great way to increase the value of your home and make it more enjoyable to live in. But with so many different styles to choose from, it can be hard to decide which one is right for you. Here are five popular bathroom styles to help you […]. The post 5 Popular Styles for Your Bathroom Remodel appeared first on RISMedia's Housecall.

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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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Brooklyn Real Estate Listings Six Months Later: Slope House Sells for $1.605 Million Over Ask

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Midwood, Prospect Park South, Beverly Square West and Park Slope. How did they fare? In Midwood, this sponsor unit offers some Deco details along with an updated kitchen and the bonus of… Read More > The post Brooklyn Real Estate Listings Six Months Later: Slope House Sells for $1.605 Million Over Ask appeared first on Brownstoner.

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How to Get an Iowa Real Estate License in 6 Easy Steps

The Close

Are you thinking of getting your Iowa real estate license? A career in real estate offers variety and allows you to be your own boss. The best part is that it’s relatively simple to get started too. With just a few straightforward steps, you could be helping buyers and sellers in Des Moines or any other community in Iowa in no time. To qualify, you must be over 18 and a legal U.S. resident.

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Mayor Proposes Zoning Code Amendments to Turn New York into a ‘City of Yes’

Brownstoner

Mayor Eric Adams has proposed three sprawling amendments to the city’s zoning code that he says would transform the Big Apple from a mess of red tape to a “City of Yes.” The amendments are aimed at making it easier for the public to do business in the city, along with… Read More > The post Mayor Proposes Zoning Code Amendments to Turn New York into a ‘City of Yes’ appeared first on Brownstoner.

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How to Create Your Own (Cheap!) Haunted House

National Association of Realtors: Culture Scan

How to Create Your Own (Cheap!) Haunted House Check out our DIY tips for staging a family-friendly homemade haunt. Hint: Start saving your empty toilet paper tubes now.

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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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Daily Links: Heights Residents Question Sincerity of City’s BQE Public Engagement Process

Brownstoner

In the News How a Comedic Actor Who Writes Novels Spends His Sundays [NYT] Why New York’s Day Care Centers Are Going Broke [NYT] Brooklyn Residents Have Mixed Feelings About BQE Meeting [Eagle] Chicago Ramen Restaurant Urbanbelly Coming to New ‘Burg Market [BP] Starbucks Workers in ‘Burg Went on Strike This Saturday [Greenpointers] Free Parking Lot… Read More > The post Daily Links: Heights Residents Question Sincerity of City’s BQE Public Engagement Process appeared first on Bro

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How to Build Your Real Estate Reputation on Social Media

Lab Coat Agents

Real estate has always been a relationship-driven business. Agents rely on their personal brand and local reputation to generate leads and drive deals. However, the rise of social media has changed how people view professionals in this industry. Homeowners now research potential contacts before reaching out. As a result, agents must adapt their strategy to build a positive online presence that drives real opportunities.

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4 New ways to maximize social media and protect online information

Real Trends

In today’s market, it’s vital to maximize lead generation tools that are free or low cost and social media fits the bill. The NAR 2021 Technology Survey found that social media is the No. 1 lead generation tool for agents , and The Close similarly reported that four in five agents are using social media to grow their business this year. By: Linda Yacoub, CEO/Product Officer , Listing Alert.

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Projected Interest Rates in 5 Years: How Much Will Rates Rise?

Marco Santarelli

Projected Interest Rates in 5 Years. Unless you have a crystal ball that can predict the future, it's impossible to know how much interest rates will rise in the coming five years. Pent-up demand, especially for travel, means inadequate supply to chains still rocked by COVID-19, but Russia's invasion of Ukraine and energy insecurity have raised oil and gas prices.

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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.