Mon.Apr 04, 2022

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Movement Mortgage lays off 170 employees

Housing Wire

South Carolina-based Movement Mortgage laid off around 170 employees in March, another case of a top-25 mortgage lender paring back its workforce due to a more challenging origination landscape. . Pink slips are arriving to between 165 and 170 operational employees across the country, including professionals in the processing, underwriting and closing areas, multiple company sources told HousingWire. .

Mortgages 442
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Balancing Your Wants and Needs as a Homebuyer Today

Keeping Current Matters

Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes.

Sales 229
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Redfin closes $138M deal for mortgage lender

Housing Wire

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. Seattle-based Redfin previously announced its intention to acquire the lender, but CEO Glenn Kelman said the move is particularly timely as buyers face bidding wars and high home prices, saying, “it’s more important than ever for lend

Closing 370
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Get Your Green Thumb Ready as the Greenest Block in Brooklyn Contest Returns

Brownstoner

After a two-year pandemic hiatus, the celebration of community building and greening the borough is back with the Brooklyn Botanic Garden's Greenest Block in Brooklyn competition. A smaller, socially distance competition focused on window boxes was held last year but this summer marks the return of the block-wide competition, culminating in… Read More > The post Get Your Green Thumb Ready as the Greenest Block in Brooklyn Contest Returns appeared first on Brownstoner.

As-is 116
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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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FHA borrowers are getting hammered by rising rates

Housing Wire

Text sign showing hand written words FHA Home loan. The spectacular and historic spike in interest rates will hurt most homebuyers, but one group is especially vulnerable: FHA borrowers. Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

FHA loan 370

More Trending

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Are shopping signals the secret to mortgage marketing?

Housing Wire

As we usher in a new era of galvanized homebuyers who are well-researched before making a move, personalizing the shopping experience is imperative to breakthrough. Educate your outreach by keying into shopping behavior and you can empower your mortgage marketing in the new year. Market outlook. Although the rate of home price growth is slowing, appreciation remains robust.

Mortgages 382
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Is 2022 a good time to buy a house? Will 2023 be better?

The Mortgage Report

Is 2022 a good time to buy a house? Will 2023 be better? Hear what a seasoned mortgage expert has to say on the subject.

Mortgages 133
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Homes for Heroes’ mission to inspire the housing industry

Housing Wire

How do you celebrate helping 50,000 community heroes buy or sell a home? Well, according to Ruth Johnson, CEO of Homes for Heroes , you honor the massive accomplishment by giving even more. As one of the largest networks in the real estate and mortgage industry, Homes for Heroes was built to give back to firefighters, EMS, law enforcement, military, healthcare professionals and teachers and provide an easier route for them to buy or sell a home.

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Inventory Watch

BubbleInfo

It is natural to have more closings during the last week of the month, and the dip in the pendings count wasn’t as bad this month as it was last month. This is where you will see the first signs of any concern on behalf of buyers about interest rates, etc. Everyone was talking about […].

Closing 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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RealTrends 500: Compass, Realogy lead top one-year movers by sales volume

Housing Wire

When it comes to sales volume, the top mover was Compass with a $99+ billion volume increase in 2021 compared to 2020. Next was Realogy Brokerage Group , which consists of company-owned Coldwell Banker , Sotheby’s International and Corcoran offices, with a $61+ billion increase year over years. The 2022 RealTrends 500 rankings top movers by transaction sides is based on 2021 sales data.

Sales 382
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What Does Turnkey Mean in Real Estate: Turn Key Housing Explained

Maximum Exposure Real Estate

Many terms will be new to you when you enter the real estate market. A turn-key home might be one term you hear, but what does it mean? It is not uncommon for a buyer or seller to ask a real estate agent what does turnkey mean. Before you decide to invest your money into […]. The post What Does Turnkey Mean in Real Estate: Turn Key Housing Explained appeared first on Maximum Real Estate Exposure.

Agents 104
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SitusAMC launches new tech for warehouse lenders

Housing Wire

SitusAMC on Monday announced the launch of its Warehouse Administration Services, “a comprehensive suite of technology-enabled turnkey services” that it says will help warehouse lenders reduce costs by as much as 30%, according to a company-issued news release. SitusAMC is a provider of “technology, strategic outsourcing, talent and advisory solutions to the commercial and residential real estate finance industries” but the Warehouse Administration Services launch is aimed at supporting mortgage

Lending 382
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Fed Up With Litter, Rats, Locals Inspire Compost-Focused Cleanup Plan From Gowanus to Greenpoint

Brownstoner

Council Member Lincoln Restler has announced a Community Cleanup Plan for his North Brooklyn nabes after sending out a district-wide survey on his constituents’ sanitation concerns. Nearly 300 residents of Restler’s District 33, which extends from Greenpoint to parts of Carroll Gardens and Gowanus, replied to the survey, checking off their… Read More > The post Fed Up With Litter, Rats, Locals Inspire Compost-Focused Cleanup Plan From Gowanus to Greenpoint appeared first on Brownstoner

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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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RealTrends 500: RE/MAX ONE, KW Elite Realty lead top one-year movers by sales volume percentage

Housing Wire

When it comes to top movers by sales volume percentage , Texas-based RE/MAX ONE has the No. 1 spot with a 214% increase year over year. Rounding out the top five are Keller Williams Elite Realty , Kentucky (208%), RE/MAX One Realty , Philadelphia (177%), Florida-based LoKation Real Estate (163%) and RE/MAX Results & RE/MAX Preferred Properties Inc., North Carolina (161%).

Sales 284
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Mortgage and refinance rates today, April 4, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose appreciably last Friday. That was a bad ending to what had been a very rate-friendly week until then. Early movements in […].

Mortgages 101
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Several Millennials and Gen Z Homeowners Intend to Sell Over the Next Year

RIS Media

Despite the seemingly endless challenges in meeting inventory demands, a recent survey indicated two groups of homeowners will soon populate the housing market with listings of their own: millennials and Gen Z. Coldwell Banker commissioned a survey with The Harris Poll among 2,000 U.S. adults and found that 35% of millennials and 44% of Gen Z are planning to sell their homes within the next 12 months.

Agents 98
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Grand Brooklyn Heights Italianate With Eight Mantels, Pier Mirror, Woodwork Asks $10 Million

Brownstoner

On a picturesque stretch of Remsen Street just a short saunter from the Brooklyn Heights Promenade, this brownstone is filled with classic Italianate interior details, albeit set in a rather quirky layout. The 25-foot-wide house at 35 Remsen Street hasn't been on the market since the 1940s. It's within the… Read More > The post Grand Brooklyn Heights Italianate With Eight Mantels, Pier Mirror, Woodwork Asks $10 Million appeared first on Brownstoner.

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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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Tasha Carriere and Julie Robert open Century 21 Integrity in Sudbury

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Tasha Carriere and Julie Robert open Century 21 Integrity in Sudbury. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Tasha Carriere and Julie Robert recently opened Century 21 Integrity in Sudbury, Ont.

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How Agents Can Increase Their Income in 2022

RIS Media

Inflation is at a 40-year high, new-home sales were down 7% in 2021, home prices are ballooning and interest rates are increasing monthly. As a result, many analysts believe we could see fewer homes sold in 2022. If that wasn’t enough, the National Association of REALTORS® grew its membership from 1.4 million to around 1.6 million last year, a 14% increase.

Agents 98
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Residential Building Worker Wages Continue to Rise

Eye on Housing

Compared to a year ago, average hourly earnings for residential building workers continue to rise, as the construction labor market remains tight. According to the Bureau of Labor Statistics (BLS) report, average hourly earnings (AHE) for residential building workers were $28.66 in February 2022, increasing 6% from $27.01 a year ago. This was 16.7% higher than the manufacturing’s average hourly.

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Apartment Industry Experts Discuss Impacts of Rising Interest-Rate Environment

App Folio

In March, the U.S. Federal Reserve approved its first interest rate hike in more than three years, “an incremental salvo.

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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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Realtors who bring their kids to work

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Realtors who bring their kids to work. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Sales rep Natalie Costello couldn’t always get childcare at a moment’s notice.

Sales 93
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Daily Links: City Council Wants $3.1 Billion for Bus and Bike Lanes, Open Ped Space

Brownstoner

In the News A Brooklyn Playwright Makes the Scene in New York’s Living Rooms [NYT] Adams Announces Lawsuit Against Owner on 'Worst Landlord' Watchlist [Eagle] Bed Stuy School Helps Students in Shelters With Free Laundry [BK Reader] Caribbean Equality Project Continues Food Justice Campaign [Caribbean Life] For NYC, the Legacy of Redlining Is in… Read More > The post Daily Links: City Council Wants $3.1 Billion for Bus and Bike Lanes, Open Ped Space appeared first on Brownstoner.

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Rates & Home Prices

BubbleInfo

The mainstream media is taking their shots at explaining the current market. Here is the attempt by the NYT – link should be unlocked: Here’s a former realtor who says if it weren’t for the investors, we’d be back to normal: [link] Economists like to focus on demand, but as long as the supply is […].

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Zillow expects housing market to return to normal in 2024

Realty Biz

The U.S. housing market is all set to return to “normal”, as in, how it was prior to the pandemic, by the end of 2024, according to a panel of housing market experts surveyed by Zillow and Pulsenomics. In the most recent Zillow Home Price Expectations survey , Zillow noted that the declining supply of homes for sale has been a key driver of the recent explosion in U.S. home values, which have risen 32% in the past two years.

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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.