Lab Coat Agents
JULY 18, 2022
With more Expired Listings coming on the market every day, now is the time to call them if you want to close more listings in less time. Expireds are the hottest lead type you can call because they need a skilled agent like you to help them sell their home. Use the tips in this article to know where to find these leads and how to prospect to them effectively for endless expired opportunities. 1.
Housing Wire
JULY 18, 2022
new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Origination volume is down about 50% from last year, thousands of layoffs are reported each week, and gloomy prognosticators say recession will make for a long winter. Some mortgage companies will merge to stay afloat, and many others will go under.
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Keeping Current Matters
JULY 18, 2022
If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market.
Housing Wire
JULY 18, 2022
The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. HUD officials earlier this year said cuts to borrower fees depended on the number of borrowers behind on their payments. But during a Thursday press briefing, HUD officials said they are weighing “budgetary implications, tradeoffs within appropriations process and FHA’s role in the broader housing system,” when considering cuts to mor
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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.
Eye on Housing
JULY 18, 2022
Builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales and buyer traffic. In a further sign of a weakening housing market, builder confidence in the market for newly built single-family homes posted its seventh straight monthly decline in July, falling 12 points to 55, according to the National Association.
Housing Wire
JULY 18, 2022
The real estate and title markets are dealing with lower vo lumes right now, which means increased competition and pressure for businesses to stay profitable. However, it’s also a good time to invest in digital transformation. HousingWire recently spoke with Michael Valdes, president and founder of Axis Technical Group, about investing in automation technologies as a way to prepare for the next boom cycle.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JULY 18, 2022
Servicers’ forbearance portfolio volume trended downward in June but declined at a much slower pace than earlier this year, according to the Mortgage Bankers Association (MBA). The total number of loans in forbearance decreased by 4 basis points to 0.81% of servicers’ portfolio volume in June from May , per data from the MBA. The rate has steadily declined this year, dropping below 1% in April, with fewer than half a million borrowers remaining with an active plan as of June.
The Mortgage Report
JULY 18, 2022
The Closing Disclosure is one of the final documents in the mortgage process. Learn what to expect on your CD and why it's important.
Housing Wire
JULY 18, 2022
The mortgage and real estate industries are quickly adapting to technological advances in order to keep up with consumer demands and the changing markets. As a result, it is no surprise that Fathom Holding CEO, Josh Harley, will speak at HW Annual to talk about the disruption happening in the real estate space. A real estate innovator and technologist, Harley is set to speak on Tuesday, October 4th, on the “From Disruption to Partnership: Amazon of Real Estate” panel.
Eye on Housing
JULY 18, 2022
The prices of goods used in residential construction climbed 1.5% in June (not seasonally adjusted) even as softwood lumber prices fell 23%, according to the latest Producer Price Index (PPI) report. Prices have surged 41.7% since January 2020. Building materials (i.e., goods inputs to residential construction, less energy) prices have increased 4.8%, year-to-date, and are 12.2% higher than they were.
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
JULY 18, 2022
The residential mortgage-backed securities (RMBS) market is reeling from an unfavorable interest-rate environment, which is expected to suppress private-label securities offerings for at least the rest of the year, a recent market outlook report concludes. The private-label securities (PLS) market update from Kroll Bond Rating Agency (KBRA) places the bulk of the blame for the market’s woes on fast-rising mortgage rates, fueled by the Federal Reserve ’s inflation-fighting rate bumps.
Sotheby's International Real Estate
JULY 18, 2022
For any avid traveler, the ultimate question is “where to next?” The opportunity to venture to unfamiliar locales never gets old, and should never be taken for granted. Any time you pack a bag and set out for a change of place, pace, and scenery is a chance to broaden your horizons and nourish your being. When you realize you could happily live somewhere, or visit and vacation there regularly—then perhaps it’s worth considering acquiring a property.
Housing Wire
JULY 18, 2022
This fall will make a year since the announcement that the GSEs would begin to permanently accept desktop appraisals for conventional loans. In light of this, HW Media CEO Clayton Collins sits down with Mark Walser, president of Incenter Appraisal Management, to discuss remote desktop appraisals and what the industry has learned about them. “The surprise that took a lot of the lending industry was they were expecting this new desktop to sort of mirror the COVID flexibility of the past,” Walser e
Mandrona Group
JULY 18, 2022
If you’re a homeowner, aside from lounging by a swimming pool or throwing a few backyard barbecues, the warmer months. Read More.
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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.
Housing Wire
JULY 18, 2022
Depositary lender Bank of America ‘s top executives said Monday their customers haven’t slowed down their activities, despite a fear of a recession in the U.S. economy. “We’re mindful of the debate about a future recession, and we have prepared the company across the last decade-plus, through responsible growth, to be prepared for that,” said BofA CEO Brian Moynihan, during a call with analysts. “But as we see our current customer base, we are not seeing them
RISMedia
JULY 18, 2022
By Lizzie Weakley Homeowners should have their roof checked every year or two for possible deterioration and unseen damage. Following a major storm, you may want to have the roof inspected, especially if you believe high winds or heavy snow have damaged the shingles or gutters. When choosing a roofer, however, don't automatically hire the […].
Brownstoner
JULY 18, 2022
A peek at the growing portfolio of the design studio Workstead reveals an inspired fusing of the modern and traditional, achieved through meticulous craftsmanship and soothing color palettes. The Gowanus-based firm has made a name for itself by combining modern finishes with historical details in projects ranging in scale from… Read More > The post Old Meets New in Workstead’s Meticulously Designed and Crafted Brooklyn Interiors appeared first on Brownstoner.
Toronto Realty Blog
JULY 18, 2022
TorontoRealtyBlog. I was staring out the window last Wednesday, feeling sick, envious, sad, guilty, and confused. What a cornucopia of emotions, right? I felt sick because I was sick. It wasn’t COVID, much to the dismay of some of the readers, it was most definitely something fierce. I felt envious because I was watching a jogger pass by, and having sprained my ankle on April 11th, I, unfortunately, haven’t run since that magical 10K in Hampstead Heath in London, two days prior.
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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.
The American Genius for Real Estate
JULY 18, 2022
Politico pens a quick update on local political donations - is it clickbait or an attempt to smear real estate practitioners? The post Politico sensationalizes real estate donations appeared first on The American Genius Real Estate.
Brownstoner
JULY 18, 2022
Listing photos offer only a glimpse of the interior of this limestone close to Prospect Park, but it has some period details and nicely renovated kitchens and baths. In the Park Slope Historic District at 585 4th Street, it was designed by architect Arthur Koch as were many of its neighbors… Read More > The post Park Slope Limestone Near Prospect Park With Pier Mirror, Wainscoting, Moldings Asks $3.95 Million appeared first on Brownstoner.
Fancy Pants Homes
JULY 18, 2022
If there’s one thing rappers are known for, it’s their appetite for all things opulent, extravagant, and larger than life. We’re talking bling, watches, cars, and fabulous homes of course. When it comes to their houses, no price tag is too high, no amenity too lavish, and no dream unachievable. Just check out these super expensive rapper houses that will give you major #homegoals and leave you wanting more….
BubbleInfo
JULY 18, 2022
Today’s hopeful home sellers aren’t going to take much more of this. If they don’t find a buyer in the next couple of weeks, they will assume that the market conditions aren’t conducive to selling… at least not for their price. They will pack it up and try again some other day, rather than lower their […].
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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.
Brownstoner
JULY 18, 2022
The rundown three-story store and flats structure at 274 Malcolm X Boulevard in Bed Stuy, which was left empty and in disrepair following a fire around five years ago, will become a four-story, red brick-clad apartment building, if plans go ahead. Architect Asa Barak presented to the Landmarks Preservation Commission on… Read More > The post Vacant, Crumbling Malcolm X Boulevard Building to Be Renovated With Landmarks Approval appeared first on Brownstoner.
The Mortgage Report
JULY 18, 2022
Today’s mortgage and refinance rates Average mortgage rates fell modestly last Friday. They were still higher than they were at the start of July, but lower than a week ago. […].
Brownstoner
JULY 18, 2022
In the News A Middle Eastern Party Scene Is Thriving on Brooklyn’s Dance Floors [NYT] Raving for Shrek, the Swamp Comes to Bushwick [NYT] Man Sleeping on Coney Island Beach Fatally Struck by Parks Vehicle [NYP] Hale and Hearty Chain in NYC Suddenly Shuttered After 20 Years [NYP] Albert Vann, Bed Stuy Civic and Political… Read More > The post Daily Links: Entrepreneurs Open in Brooklyn as Retailers Flee Manhattan appeared first on Brownstoner.
Real Trends
JULY 18, 2022
Going back to basics can benefit you in several ways. Here are some advantages it can offer: Sets You Apart from the Competition: So many real estate agents are caught up in digital marketing that they neglect basic strategies that involve face-to-face contact. By going back to basics, you are forging a connection that sets you apart from the competition.
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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.
Notorious ROB
JULY 18, 2022
This is just a quick look-see. Thanks to Jay Parsons, an economist with RealPage, I found the RealPage 2022 Market-Rate Apartment Affordability Report. There are some interesting findings in there with the main takeaway being that market-rate (i.e., non-subsidized) rentals are doing just great: But this first-of-its-kind study into one of the largest segments of the U.S. rental housing market reveals a much more significant driver keeping rental distress – and evictions – low: The vast majority
Real Trends
JULY 18, 2022
Homebuilder confidence dropped yet again in July, marking the seventh consecutive month of an increasingly pessimistic outlook , according to the National Association of Home Builders (NAHB)/ Wells Fargo Housing Market Index (HMI) report, released Monday. In July, builder sentiment in the market for newly built single-family homes fell 12 points from a month prior , to 55.
Realty Biz
JULY 18, 2022
Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Real estate or property investment. Home mortgage loan rate. Saving money for retirement concept. Coin stack on international banknotes with house model on table.
Real Trends
JULY 18, 2022
The number of homes purchased by non-U.S. residents has sunk like a stone for five straight years and just tumbled to a new low, according to a National Association of Realtors report released Monday. International buyer purchases of U.S. single-family homes nosedived 289% in the past five years, the real estate trade group reported. Between April 2016 and March 2017, there were 284,500 such buyers.
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