Keeping Current Matters
OCTOBER 19, 2022
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%.
Housing Wire
OCTOBER 19, 2022
In June of this year, I raised the fifth recession red flag , putting the housing market in a traditional recession where sales, incomes, jobs, and production would be falling, which is happening now. And unfortunately, one of those productions items is housing completions data — which looks terrible in the latest report. As someone concerned about the housing inflation story since inventory channels broke to all-time lows in 2020, I am frustrated by this housing completion data.
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Eye on Housing
OCTOBER 19, 2022
Single-family housing starts declined further in September as high mortgage rates, ongoing building material production disruptions and flagging demand stemming from rising affordability challenges continue to put a damper on new home production. Overall housing starts decreased 8.1% to a seasonally adjusted annual rate of 1.44 million units in September, according to a report from the U.S.
Housing Wire
OCTOBER 19, 2022
As mortgage rates rose to nearly 7% and builder sentiment dipped to painfully low levels in September, housing starts also declined, dropping 8.1% from August , to a seasonally adjusted annual rate of 1.564 million, according to a report released Wednesday by U.S. Census Bureau and the U.S. Department of Housing and Urban Development. On a year over year basis, September’s annual housing start rate was down 7.7%.
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Fancy Pants Homes
OCTOBER 19, 2022
World-champion boxer Sugar Ray Leonard is once again floating his spectacular Pacific Palisades compound on the market, this time asking $45 million for the 1.7-acre property. The former professional boxer, who had a legendary 20-year career during which he won world titles in five weight classes, made history as the first in his sport to earn more than $100 million in prize money.
Housing Wire
OCTOBER 19, 2022
U.S. debt purchasers are positioned to benefit from rising delinquencies due to improvement in portfolio supply from an increase in non-performing loan (NPL) sales, according to a recent report from Fitch Ratings. This increase in delinquencies is attributed as a byproduct of mounting recessionary pressures, with higher interest rates and inflation raising the risk of portfolio write-downs, which the firm says reinforces the importance of strong capitalization, pricing discipline and cost effici
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 19, 2022
With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers. HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable. HousingWire: With interest rates at 14-year highs, what kind of pressure does that put-on housing affordability?
Lighter Side of Real Estate
OCTOBER 19, 2022
Pets are part of the family; many people even consider them their children. And like children, they come with costs that you’ll have to deal with, like: Food. Grooming. A walker or pet sitter. Unexpected vet bills. But higher rent isn’t something you’d have to expect if you had an actual child. Sure, it may cost you more to rent a place that has enough room for the amount of children you have, but no landlord is going to tack on an extra monthly fee or deposit for every kid you have.
Housing Wire
OCTOBER 19, 2022
Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. Prior to joining Nations Direct, O’Brien held leadership positions at LoanDepot , was Northeast regional sales manager at Fifth Third Bank; principal at J.H.
Real Trends
OCTOBER 19, 2022
Most agents are not prepared for the upcoming market cycle, that’s because more than half of all active real estate agents have never worked in a market when prices were decreasing. In fact, NAR says the median years of experience in real estate is eight years after nearly a dozen years of an up market. How do you handle carrying an inventory of listings?
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.
Housing Wire
OCTOBER 19, 2022
A coalition of 77 banking trade groups led by the American Bankers Association (ABA) and the Independent Community Bankers of America (ICBA) has asked the Federal Housing Finance Agency (FHFA) to modify an existing rule which allows banks to access lower-cost funding from the Federal Home Loan Bank (FHLB) system even if they report that they currently have negative tangible capital.
App Folio
OCTOBER 19, 2022
Access to affordable housing has been a significant issue in the United States for decades, but Harvard University reported that.
Housing Wire
OCTOBER 19, 2022
Optimal Blue, a division of Black Knight , launched its first hedging and trading platform CompassEdge, unifying its existing risk management and loan sale platform CompassPoint within a single system. CompassEdge is designed to support every originator – regardless of range, size or type – and provide pipeline risk management tools and analytics with dynamic loan sale and mortgage servicing rights (MSR) valuation functionality, Black Knight said in announcing the launch on Wednesday.
BubbleInfo
OCTOBER 19, 2022
This 6.9-acre oceanfront site has been called one of the most exclusive and unique properties in the United States, and has been listed for sale since 2007 – the current price is $49,000,000. An incredible turn of events is underway – the planned high-end resort was defeated by the voters, so now they want to […].
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Housing Wire
OCTOBER 19, 2022
A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders. Large IMBs with portfolio holdings or a non-qualified mortgage (non-QM) loan focus have more risk than smaller IMBs, concluded the CHLA’s latest report, whi
Real Trends
OCTOBER 19, 2022
In today’s housing market, real estate professionals need the latest data in order to stay competitive. They also need to know who to target and when. The Orchard Marriage or Mortgage Report released earlier this month has shed light on some interesting trends surrounding relationship stages and family planning. The information from the survey conducted by Orchard can be utilized by real estate agents in order to target certain demographics and create smart marketing strategies.
Housing Wire
OCTOBER 19, 2022
Fitch Ratings in October 2022 set negative outlooks for four nonbank mortgage lenders. Credit rating agency Fitch this week revised the long-term issuer default ratings (IDRs) for five nonbank residential mortgage lenders based on their financial performances in the first half of 2022. The results: downgraded two companies and set a negative outlook for four.
BubbleInfo
OCTOBER 19, 2022
Those who don’t have a mortgage are particularly susceptible to fraudulent acts. Check out this free service being offered by the county to alert you! Hat tip just some guy! Is title lock insurance a good investment? Such insurance usually costs from $12 to $20 a month. But the San Diego County Assessor/Recorder/Clerk’s office now […].
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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.
Housing Wire
OCTOBER 19, 2022
Mortgage demand continued its downward trend last week, reaching the lowest level in 25 years, according to the latest survey from the Mortgage Bankers Association (MBA). That indicates lenders may still face substantial declines in their origination volume in the last quarter of 2022. Depositary banks such as JPMorgan Chase , Wells Fargo and Bank of America have already experienced double-digit contraction in their production in the third quarter, which is also expected of their non-depos
Toronto Realty Blog
OCTOBER 19, 2022
TorontoRealtyBlog. Feel free to propose other suggestions for today’s title, because trust me when I say that I had considered a few. Should Tenants Be “Screened” To Determine Candidacy? That’s really what we’re doing here, right? Screening them. Should Prospective Tenants Be “Approved” Before Viewing Properties?
Realty Biz
OCTOBER 19, 2022
The Asian Real Estate Association of America will hold its 2022 national convention, AREAA Unplugged , on October 20-22 in San Diego, California at the Manchester Grand Hyatt. AREAA expects more than 1,000 to attend. The event will be headlined by multiple prominent figures in the real estate industry and AAPI community, featuring 75 speakers who will address such timely topics as modern content creation and marketing, navigating the current marketplace, ways to grow a real estate career, AAPI m
Bigger Pockets
OCTOBER 19, 2022
We’re taught throughout our childhood to answer questions. Questions like what’s two plus two? Who was the first U.S. president? And what’s the equation for photosynthesis? J Scott opens his […].
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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.
Agent Fire
OCTOBER 19, 2022
These Halloween real estate marketing tips put you ahead of the curve and generate leads through the holiday season - even in a market downturn. Real Estate Marketing Ideas for Halloween is just one of many great real estate strategies on The Spark.
Bigger Pockets
OCTOBER 19, 2022
Financial freedom in two years? How can that be possible with high interest rates and higher home prices? If you’re looking at what’s on the MLS as the only deals […].
Real Trends
OCTOBER 19, 2022
Want to finish the year strong and carry momentum into next year? A well-executed business plan is key. A profit-producing business plan needs to be in place and activated by November 1. It takes 30 to 45 days for the activities to result in contracts, so your associates will finish the year strong and carry their momentum (pending contracts) into next year.
Realty Biz
OCTOBER 19, 2022
ERA Real Estate , a global franchising leader within the Anywhere SM portfolio of brands, continues its 2022 growth momentum with the addition of 12 new U.S.-based companies and two international master franchise agreements. Recently named one of 2022’s Fastest Growing Franchises by Entrepreneur, the ERA ® brand’s value proposition continues to be reaffirmed, with 14 companies renewing franchise agreements with the brand.
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Brownstoner
OCTOBER 19, 2022
In Windsor Terrace and just a short stroll to Prospect Park, this early 20th century brick row house got a renovation that increased the height in the English basement for more living space. Architect Laurie Lieberman was behind the 2007 work at 225 Windsor Place filings show, with work also… Read More > The post Windsor Terrace Row House With Renovated English Basement, Solar Asks $2.75 Million appeared first on Brownstoner.
Realty Biz
OCTOBER 19, 2022
Huntsville, Alabama’s market is cooling off like most other regions because of rising interest rates and other economic factors. So, this week’s list of top real estate professionals may come in handy once the houses stop selling themselves. Luckily, we’re also homing in on good search strategies for people wanting to find the top agents in specific regions.
Brownstoner
OCTOBER 19, 2022
It is time to put out the ghoulish decor and get the costumes ready as Halloween is set to take over Brooklyn. While many annual events were still on pause in 2021, the calendar for Halloween weekend is full this year. We've rounded up some of the free or low… Read More > The post Get Your Costume Ready for Some Spooky Brooklyn Halloween Events appeared first on Brownstoner.
Redfin
OCTOBER 19, 2022
Whether you’re ready or not, the temperatures are dropping, the leaves are changing colors, and soon you’ll be preparing your home for winter. Unfortunately, this also means shorter, darker days are ahead, which can wreak havoc on your sleep schedule and mood. The good news is – you can still keep your spirits up and enjoy your time inside by swapping décor that will make for a brighter home or apartment.
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