BubbleInfo
JUNE 1, 2022
These people have been insisting for years that prices will be going down because of higher rates, foreclosures, forbearances, recession – you name it! Will fewer sales will cause higher or lower prices? The authors below say that lower sales volume will result in the ‘home price trend for the next couple of years will […].
Housing Wire
JUNE 1, 2022
Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. “Mortgage rates fell for the fourth time in five weeks, as concerns of weaker economic growth and the recent stock market sell-off drove Treasury yields lower,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
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Keeping Current Matters
JUNE 1, 2022
In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago.
Housing Wire
JUNE 1, 2022
2022 HousingWire Rising Star Morgan Salama, pictured above, is portrayed on the cover of the June HousingWire Magazine issue. Photo credit: Chris Plavidal. Strategy is the foundational element in building the future of the housing sector. And, if strategy is the foundation, we’d say that Morgan Salama is one of the key people building that foundation.
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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.
GeekEstate
JUNE 1, 2022
There’s no denying that the COVID-19 pandemic changed the world as we know it, and while we’re certainly returning to some sense of normalcy, there are a few trends that emerged that are likely here to stay. In the property management industry, virtual property tours are one of tools that increased in popularity during the pandemic , and are likely to continue into the future.
Housing Wire
JUNE 1, 2022
From the White House and Congress to multiple federal agencies, one of the top concerns is housing affordability. Consumers are worried too. About half of U.S. adults (49%) say the availability of affordable housing is a major problem where they live, up 10 percentage points from 2018. The same 2021 Pew survey , 70% of Americans said young adults today have a harder time buying a home than their parents’ generation did.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JUNE 1, 2022
Tracey Velt Editorial Director, RealTrends, a HousingWire sister company. I’m sure you’ve all heard ad nauseam about the low housing inventory impacting the market. Despite that, the 2022 RealTrends top real estate brokerage firms did a record number of transaction sides in 2021 (our 2022 rankings are based on 2021 data). And, the top firms grew market share at record rates.
Coldwell Banker
JUNE 1, 2022
We all want to spend as much time as we can outside during the summer months. There’s nothing quite like a relaxing summer day in the backyard with friends, hosting a barbeque or enjoying an evening under the stars around the firepit. Summer is made for chilling and breathing in the fresh air and just […]. The post Make the Most of Your Outdoor Space appeared first on Coldwell Banker Blue Matter.
Housing Wire
JUNE 1, 2022
Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. Then, in what felt like an instant, in Q1 2022 mortgage rates skyrocketed and the refi boom ended.
Eye on Housing
JUNE 1, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.9% in April after an increase of 0.7% in March 2022. Spending stood at a seasonally adjusted annual rate of $891.5 billion. Total private residential construction spending was 18.4% higher than a year ago. These monthly gains are attributed to the strong growth of spending.
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
JUNE 1, 2022
United Wholesale Mortgage will pay $2.75 million to settle claims, dating as far back as 2018, contending it didn’t compensate its account executives for working overtime. Former and current UWM account executives eligible for a portion of the settlement must have worked at the wholesale lender between Oct. 12, 2018, and Dec. 23, 2021. An additional requirement: an executive must have had a total gross compensation of less than $100,000 annually before Jan. 1, 2020, or less than $107,432 annuall
Easy Agent Pro
JUNE 1, 2022
What are the best real estate website features you need to grow your business and connect with clients? The answer largely depends on your marketing style. Real estate websites have become a vital part of customer interfacing in recent years. However, many agents still use the basic site their broker provides. These sites often lack many features and the flexibility that agents need to build a successful online business.
Housing Wire
JUNE 1, 2022
A coalition of independent mortgage banks want the Federal Housing Administration (FHA) to take steps it says would significantly improve access to credit for underserved borrowers. The Community Home Lenders Association (CHLA), backed by 41 IMBs, sent a letter urging the FHA to streamline its servicing guidelines, increase permissible lender fees for executing an assumption of an FHA loan, and make changes to FHA’s condo rules.
HomeLight
JUNE 1, 2022
Having grown up in Alaska, the heat and humidity of Austin was a drastic change for homeowner Cory Larson. He’d moved south for work, but after the Covid-19 pandemic left him and his wife both working remotely, they realized there wasn’t anything tying them to Austin anymore. Well, there was one thing: their home. But thanks to the booming real estate market, luck was on their side.
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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
JUNE 1, 2022
Two top wholesale lenders are up in arms as a result of charges on loans sold to the government-sponsored enterprises (GSEs) arising from a recession-era idea that those loans are riskier. The lenders, Homepoint and United Wholesale Mortgage , say Fannie Mae and Freddie Mac started tacking on an extra 15 basis point charge for third-party originated, or wholesale, loans in mid-2021.
The Mortgage Report
JUNE 1, 2022
Today’s mortgage and refinance rates Average mortgage rates rose sharply yesterday. The increase wiped out all last week’s gains and left those rates where they were last Monday. Still, they […].
Housing Wire
JUNE 1, 2022
It’s been a tradition over the years to ask each year’s Rising Stars honorees to share, in their own words, a lesson they’ve learned or a piece of advice they’d share with their younger selves. The wisdom of each honoree is apparent, and it’s clear that this year’s class is made up of driven professionals who have learned more in their careers so far than many experience by the time of retirement.
Brownstoner
JUNE 1, 2022
In the same family for decades, this early 20th century Park Slope limestone has an abundance of well-maintained original details, windows on three sides and a prime location a short stroll from Prospect Park. Designed by prolific architect Axel Hedman, 607 5th Street brims with original mantels, wainscoting, fretwork, marble… Read More > The post Park Slope Limestone Near Prospect Park With Plasterwork, Mantels Asks $3.45 Million appeared first on Brownstoner.
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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
JUNE 1, 2022
Pewaukee, Wisconsin-based lender Waterstone Mortgage Corporation named Paul Garrigues as the company’s new chief financial officer. Garrigues will oversee all corporate accounting functions and provide financial direction for Waterstone Mortgage’s branches nationwide. The executive brings more than 40 years of accounting experience in the financial services, banking and mortgage industries.
Realty Biz
JUNE 1, 2022
As signs of a real estate market slowdown grow across the country, many sellers are resetting their home price expectations. Recent data suggests that both new home and existing home sales are falling, as well as pending home sales. The latter fell for the sixth consecutive month in April to its lowest pace in almost 10 years, according to a report from the National Association of Realtors last week.
Housing Wire
JUNE 1, 2022
Brena Nath, Director of HW+ and Events. I’ve been a fan of the CliftonStrengths’s assessment for more than a decade, applying my own top strengths and learning the strengths of my teammates to see how we can operate with our talents in the workplace. While my top 5 have slightly shifted over the years, “strategic” has been one of my most consistent strengths, which is exactly why meeting 2022 Rising Star Morgan Salama felt so impactful.
Real Trends
JUNE 1, 2022
Home showing traffic across the U.S. dropped off in April, according to ShowingTime’s Showing Index report released Tuesday. In April, home showing traffic was down 10.7% year over year and 12.1% month over month, with a nationwide average of 8.49 showings per listing. In total, 103 of the markets analyzed hit a double-digit ratio of showings per listing in April, down from 121 a month prior and 146 a year prior.
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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.
Housing Wire
JUNE 1, 2022
Amid the traditionally busy spring homebuying season, industry professionals are looking for new paths to profitability in a tight purchase market. Rising interest rates, a shortage in housing supply and geopolitical turmoil have combined to create a uniquely challenging period for mortgage bankers and financial institutions. As these hurdles to homebuying collide with more Millennials entering the housing market, a focus on efficient automation and custom solutions could be the key to success i
The Mortgage Report
JUNE 1, 2022
Buying a cheap fixer-upper home can be a solution to low inventory and high prices. But how do you know a deal-breaker when you see it?
Realty Biz
JUNE 1, 2022
According to a 2019 Facebook survey , 65% of new homebuyers say their friends’ homebuying posts on Facebook or Instagram influence their decisions. The statistic suggests that realtors not using these social media channels to grow their digital footprint are missing out. Social media made it challenging for entrepreneurs in all niches to compete and reach their target customers.
Brownstoner
JUNE 1, 2022
A group of elected officials are raising the alarm about potentially hazardous construction on a toxic brownfield cleanup site beside the Gowanus Canal. On Friday, May 19, Assembly Member Jo Anne Simon’s office started receiving phone calls about ongoing, unexpected pile driving at a privately owned parcel, a brownfield site at… Read More > The post Unexpected Pile Driving on Site Along Gowanus Canal Leaves Officials Scrambling for Answers appeared first on Brownstoner.
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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.
Realty Biz
JUNE 1, 2022
Making the right choices when it comes to your career is vital, as your choices can affect everything from your financial situation to your job satisfaction levels, rewards, and your future. People have their own preferences when it comes to their careers, and one popular option is working in the real estate industry. This is an industry that offers a host of benefits for professionals such as real estate agents, and this is why a lot of people decide to go for this type of career.
Real Trends
JUNE 1, 2022
Real estate startup Pacaso , founded in 2020 as a second home co-ownership platform, has launched its new membership-based program, Pacaso Agent Collective , the company announced Wednesday. Membership in Pacaso’s Agent Collective group is open to all real estate agents and brokerages. Current Pacaso Agent Collective members include Ryan Serhant, Josh and Matt Altman, Landon Clements and Roh Habibi. “The luxury second home market is known for having homes sitting vacant most of the year, w
Realty Biz
JUNE 1, 2022
People have multiple financial priorities in life. For some, it’s saving the down payment to buy a first home. Other times are saving college tuition for children, for their retirement, or untold other worthy financial goals. One that is often overlooked is the accelerated mortgage payoff. There are many ways of doing this and doing so can save you 20, 30, 40, 50, thousand dollars or more over the life of your mortgage.
Brownstoner
JUNE 1, 2022
In the News It’s Going to Be a Hot Summer. It Will Be Hotter If You’re Not Rich [NYT] For a Young Choreographer, Bed Stuy Is Home and a Stage [NYT] Want a Nutcracker or ‘Craft Cocktail’ in Prospect Park? He’s Your Guy [NYT] School for at-Risk Youth Puts Down Roots in Midwood [The… Read More > The post Daily Links: Neighbors of Bed Stuy Mansion Hope to Salvage Building Parts If Demo Proceeds appeared first on Brownstoner.
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