Fri.Feb 04, 2022

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UWM sues broker shop for sending loans to Rocket, Fairway

Housing Wire

United Wholesale Mortgage (UWM) is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage , a violation of the wholesaler’s controversial broker agreement. UWM filed a lawsuit in Michigan federal court late Thursday that claims America’s MoneyLine , a high-volume mortgage brokerage based in Southern California, owes it $2.8 million for repeatedly violating the terms of the agreement.

Loans 370
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Canadian Real Estate Resembles 80s Bubble, Higher Rates To Solve Supply Issue: BMO

Better Dwelling

Canada’s oldest bank sees today’s real estate markets having a lot in common with the late 1980s bubble. In a research note to its financial markets customers, the Bank of Montreal (BMO) highlights the similar trajectory homes have made. A similar event that slowed home price growth during that period is approaching — higher interest […].

Banks 126
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HW+ Member Spotlight: Gary Scott

Housing Wire

This week’s HW+ member spotlight features Gary Scott, president at Allen Tate Realtors. With more than 30 years of experience in the real estate industry, Scott has held positions with multiple brokerage firms across the East Coast, which includes B. Gary Scott Realtors , Prudential Preferred Properties and most recently Long and Foster Real Estate , where he served as president of General Brokerage.

Brokerage 382
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Top 8 Renovations to Increase Home Value in 2022: Offices and Outdoors Rank High

HomeLight

The pandemic cast our homes in a whole new light and subsequently shifted which renovations increase home value. Our abodes are now places to relax and recharge one moment, work without commuting to the office the next, and “vacation” without leaving town when needed. Kitchens and baths still matter to buyers, but now a home office and outdoor entertainment rival these spaces in importance.

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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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Where appraisal tech is concerned, ‘It’s not a benefit, it’s a requirement’

Housing Wire

The appraisal space has seen its share of challenges and changes in the past two years. Facing the difficult combination of record-breaking volume and a shortage of appraisers, many mortgage and appraisal professionals have turned to appraisal technology solutions. HousingWire Editor-in-Chief Sarah Wheeler had the opportunity to catch up with Class Valuation Chief Innovation Officer Scot Rose to discuss how appraisal technology be leveraged to improve both the speed and accuracy of the overall p

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Cover Your Assets 101: How To Protect Your Home From Lawsuits and Creditors

Realtor.com

Getty Images You’ve saved since forever to buy your dream home. And now that you own the roof over your head, you certainly don’t want to risk losing it all in a lawsuit or to creditors. As scary—and impossible—as that sounds, it’s an all-too-real possibility. According to recent figures , Americans file about 40 million lawsuits every year.

Equity 115
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Selling a House With Tenants: How to Sell Rented Property

Maximum Exposure Real Estate

Tips For Selling a Home With Tenants Do you need to sell a house with tenants? Selling a house with tenants isn’t always easy. Tenants are a definite wild card when it comes to selling a home. Many ask if you can sell a house with tenants in it. There are plenty of horror stories […]. The post Selling a House With Tenants: How to Sell Rented Property appeared first on Massachusetts Real Estate Exposure.

Marketing 113
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5 Reasons South Florida’s Market Isn’t Done Growing

Realty Biz

South Florida has been making headlines recently for its impressive housing market growth. The most recent data from Zillow shows that out of the 100 largest US metros, the Miami/Fort Lauderdale area ranks #5 in year-over-year average rent price increase (+24.71%). They also rank #5 for YOY median sales price increase at +23.34%. Miami/Fort Lauderdale Dec. 2021 Dec. 2020 YOY Change Median Sale Price $495,000 $401,322 +23.34% Average Rent Price $2,513 $2,015 +24.71%.

Marketing 109
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Online Home Auctions

BubbleInfo

I had a good conversation this week with the people at Doorsey, and they are well on their way to providing a sharp and effective online home auction platform that could change how homes are sold. If/when Zillow buys them and provides online auctions nationwide, agents will be wondering what happened. [link] This article is […].

Agents 105
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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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Fulfill Your Hudson B&B Owning Dreams With This Second Empire Manse, Yours For $1.025 Million

Brownstoner

If your daydreams have you graciously greeting guests into your own 19th century abode so they can enjoy the offerings of a Hudson River Valley spot rich with architecture, art and history, this Second Empire-style manse might fulfill your fantasy. Sited within easy walking distance of Hudson's main shopping and dining… Read More > The post Fulfill Your Hudson B&B Owning Dreams With This Second Empire Manse, Yours For $1.025 Million appeared first on Brownstoner.

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Top 10 Coldwell Banker Stories of the Month – January 2022

Coldwell Banker

Extra, extra! Read the top 10 news items that ran in January about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – January 2022 appeared first on Coldwell Banker Blue Matter.

Agents 103
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U.S. housing market value rose by $6.9 trillion in 2021

Realty Biz

U.S. housing gained a record $6.9 trillion in 2021, nearly doubling what was previously the largest annual gain of $3.7 trillion in 2005. The full U.S. housing stock is now worth $43.4 trillion, according to a new Zillow analysis. Strong demand met limited supply in 2021, driving home values up more than ever before — home values grew 19.6% last year, an all-time high in Zillow’s data, which dates back more than 20 years.

Marketing 101
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Former NBA Star Tayshaun Prince Sells Made-Over Florida Mansion for $7.47M

Realtor.com

Getty Images / Realtor.com When the former NBA star Tayshaun Prince and his wife, Farah , bought a house in North Palm Beach, FL, for $3.1 million in 2014, it was a Mediterranean gem. But when they recently sold the home, it offered a contemporary look and a price tag of $7.47 million. “They totally redid everything. They did an amazing job,” says Kevin Dickenson of Berkshire Hathaway Home Services Florida Realty.

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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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Mortgage Rates Remain Unchanged From Last Week

RIS Media

The 30-year fixed-rate mortgage averaged 3.55% this week, remaining unchanged from the previous week, according to Freddie Mac’s Primary Mortgage Market Survey ® (PMMS ® ), released this week. U.S. weekly averages. 30-year fixed-rate mortgage – 3.55% (unchanged week over week, up from 2.73% YoY). 15-year fixed-rate mortgage – 2.77% (down from 2.80% a week ago, up from 2.21% last year. 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.71%, up from last week when it averaged

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Best Neighborhoods in Irvine, California

First Team Real Estate

Known for being one of the safest cities in the U.S., Irvine, California is a highly sought-after place to live. With a population of just over 300,000 and over 30 wonderful communities, Irvine is considered to be one of the best places to live in California. There are fantastic restaurants, shops, and so many things to do everywhere you turn! Explore homes for sale in Irvine, California.

Sales 98
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Millennial Demand Is Driving Prices Up In Neighborhoods With Kids

RIS Media

With a record number of millennials set to reach key age milestones for homebuyers over the next two years, experts say this could push already accelerated price gains even further. This, according to a new report from Zillow that found home values are growing fastest in areas with the highest share of kids, reflects the impact millennial house hunters are making on family-friendly neighborhoods already experiencing a shortage of homes for sale.

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Friday Flash: The truth will convert your leads

1000Watt

As a brand and strategy agency, 1000watt has always done consumer research. . Surveys to get a read on home buyer attitudes; brand awareness studies; website usability testing; focus groups. . Last year, we extended this practice into 1000watt Inside , our private membership community. . We’ve talked to a ton of real estate consumers over the past 12 months. .

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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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At $29.5 Million, The Island House is One of Orange County’s Priciest Listings

Fancy Pants Homes

In the scenic seaside neighborhood of Corona del Mar in Newport Beach, a newly listed coastal home will make you rethink your house goals. Dubbed ‘The Island House’, the dreamy property sits on three homesites that have been combined to create what is now one of the most expensive homes in the already-exclusive community. Properties in the Orange County riviera are notoriously expensive, with the median listing price in the area averaging $4.8 million, according to Realtor.com.

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LGBTQ+ Real Estate Alliance Adds Nationally Recognized Advocate Jonathan Lovitz to Board of Directors

RIS Media

The LGBTQ+ Real Estate Alliance has announced that Jonathan Lovitz has become the 13 th member of its board of directors. The Alliance has also named Tiffany Wu as vice president of justice, equity, diversity & inclusion (JEDI) and Alex Cruz as director of education and member services. Lovitz spent nearly seven years as the senior vice president for the National LGBT Chamber of Commerce (NGLCC) prior to recently stepping down to run for a seat in the Pennsylvania House of Representatives (D

Equity 98
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Moving The Dip

BubbleInfo

The South Carlsbad Coastline Project is stirring a lot of interest from people at the prospect of transforming 60 acres of city-owned land along the 101 Coast Highway. City planners held a virtual public meeting Monday to discuss the vision and hear ideas from people who live in Carlsbad. “We really want to start with, ‘What’s the […].

Land 97
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The Importance of Escrow in a Real Estate Transaction

RIS Media

The term “escrow” can confuse first-time homebuyers because it has a few different meanings. Escrow is a vital part of any real estate transaction because it’s considered the glue that holds it together. When purchasing a home, it’s essential to understand the ins and outs of escrow funds. Let’s take a comprehensive look at what you need to know about escrow in real estate.

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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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Can You Write a Happy Ending for Detroit’s $3.5M Book Mansion?

Realtor.com

Realtor.com It will take a lot of work and plenty of money, but a Michigan mansion could be a showplace once again. The hulking 12,000-square-foot Book Mansion sits just a few miles from downtown Detroit. “The current owners have owned it for about 12 years. It was run-down, and just a mess,” says the listing agent, Steve Katsaros with KW Metro. “They have spent a total of $4.2 million remediating, remodeling, and renovating this property, and it’s still not done.”.

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Submit Your Vision of a Gowanus Canal Utopia to Arts Gowanus and Old Stone House Exhibit

Brownstoner

Arts Gowanus and the Old Stone House are seeking artists to contribute to their upcoming exhibit “Brooklyn Utopias: Along the Canal,” asking creatives of all kinds to submit their ideas for what a “utopia” would look like for the canal and the neighborhoods it runs through. The show, which will feature… Read More > The post Submit Your Vision of a Gowanus Canal Utopia to Arts Gowanus and Old Stone House Exhibit appeared first on Brownstoner.

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Weichert Reports Notable Successes for Residential Companies in 2021

RIS Media

Weichert, Realtors had its best year in more than a decade, and Weichert Real Estate Affiliates, Inc. notched the best year in its history, growing its footprint and garnering several accolades from prominent industry publications, the company reported. These notable benchmarks were fueled by a tsunami of market activity as buyers and sellers scrambled to reshape their homelives.

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‘Home Inspector Joe’ Reveals 5 Surprising Things Homebuyers Should Always Check on a House

Realtor.com

HGTV What should you look for when touring a house? That’s what you’ll learn on HGTV’s new show “Home Inspector Joe,” where Joe Mazza checks out homes to reveal hidden dangers that must be fixed. In the Season 1 episode “From Rot to Riches,” Mazza meets Mathieu and Giovanna , new parents excited to buy their first home in Mamaroneck, NY.

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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.