Housing Wire
SEPTEMBER 22, 2022
Today the National Association of Realtors reported that existing home sales fell once again to 4.80 million. Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. .
Keeping Current Matters
SEPTEMBER 22, 2022
Experts are starting to make their 2023 home price forecasts.
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Housing Wire
SEPTEMBER 22, 2022
Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation.
GeekEstate
SEPTEMBER 22, 2022
[Editor’s note: Originally published in the GEM as a Weekly Radar entry.]. SYMBiHOM is a company in the Bay area that designs prefabricated garage to ADU conversionprefab kits that take less than 4 weeks to install. Based on the garage dimensions, ADUs can be a studio, 1-bedroom, or 2-bedroom living unit with a full bathroom and kitchen. The solution increases workforce housing, homeowner income, multifamily living and aging in place with income.
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Housing Wire
SEPTEMBER 22, 2022
Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. The agency’s Economic and Strategic Research (ESR) Group forecasts the total home sales to decline 17.2% to 5.71 million units this year from 2021, a further downward revision from August’s projected 16.2% drop. .
Eye on Housing
SEPTEMBER 22, 2022
The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the second quarter of 2022, growth of the market value of all owner-occupied real estate in the United States slowed after showed the largest year-over-year percentage gain since 2001 the prior quarter. The market value of owner-occupied real.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
GeekEstate
SEPTEMBER 22, 2022
In this week’s founder interview, we’re bringing you Dalip Jaggi from Revive. Without further ado…. Who are you and what do you do? Hey, I’m Dalip! I’m the co-founder of Revive Real Estate – a real estate solutions company that is focused on ways to help homeowners maximize the value of their home equity. This is really just a fancy way of saying, I like to help homeowners be smart in their real estate decisions so that they can build better futures for themselves and the
Housing Wire
SEPTEMBER 22, 2022
The Federal Reserve (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 3%-3.25%, bringing it back to a level last seen in March 2008. The decision was expected by most Fed observers , and comes as mortgage lenders and real estate brokerages struggle to adjust to a Fed-driven slowdown of the housing market. . According to the Federal Open Market Committee (FOMC) statement, although recent indicators point to modest growth in spending and production, job gains have b
The Close
SEPTEMBER 22, 2022
There are flashier and easier-to-navigate real estate websites than Craigslist. But the fact is, Craigslist still gets over 250 million site visits a month. Craigslist is free, simple, and designed to connect buyers with sellers directly. Wondering how you can get real estate leads from Craigslist? In this article, we’ll walk you through how to get your listings (or any listings, for that matter) in front of interested buyers, and how to convert those viewers into closings.
Housing Wire
SEPTEMBER 22, 2022
New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). The PLS transaction, called UNLOK 2022-1, involves $144 million of unrated senior Class A notes, $18 million of mezzanine Class B securities and $18 million of mezzanine Class C securities.
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.
Eye on Housing
SEPTEMBER 22, 2022
Continuing its tightening of financial conditions to bring the rate of inflation lower, the Federal Reserve’s monetary policy committee raised the federal funds target rate by 75 basis points, increasing that target to an upper bound of 3.25%. This marks the third consecutive meeting with an increase of 75 basis points. These supersized hikes are intended to move monetary policy.
Housing Wire
SEPTEMBER 22, 2022
Fannie Mae has launched its ninth Connecticut Avenue Series (CAS) credit-risk transfer deal of 2022, a $$591 million note offering backed by a reference pool of single-family mortgages. The transaction, CAS 2022-RO9, involves a reference pool of 96,000 single-family mortgages with an outstanding principal balance of $29.3 billion. The loans in the reference pool have loan-to-value ratios ranging from 80.01 percent to 97.00 percent and were acquired between September 2021 and December 2021.
Easy Agent Pro
SEPTEMBER 22, 2022
3 Best Real Geeks Alternatives (In-Depth Look). Lead generation is the crux of any real estate investment process. This process benefits from tools that make maintaining customer relationships easy. Real Geeks is a straightforward real estate and marketing site that provides much-needed solutions to real estate professionals. The platform helps agents and investors generate leads, boost inbound traffic, and track and convert relationships.
Housing Wire
SEPTEMBER 22, 2022
Guaranteed Rate and CrossCountry Mortgage have their eyes fixed on serving more Hispanic borrowers, who are expected to make up 70% of homeownership growth in the U.S. over the next 20 years. Chicago-based Guaranteed Rate this week rolled out an expanded Language Access Program, which has applications and loan servicing in Spanish for consumers in all 50 states.
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Eye on Housing
SEPTEMBER 22, 2022
As elevated mortgage rates and higher home prices continue to price out homebuyers and reduce affordability, existing home sales declined for seven consecutive months in August, according to the National Association of Realtors (NAR). All four regions saw double-digit declines for sales from a year ago. Additionally, home price appreciation slowed for the second month after reaching a record high.
Housing Wire
SEPTEMBER 22, 2022
Freddie Mac is launching its 10th credit-risk transfer transaction of the year via its Structured Agency Credit Risk (STACR) program, bringing the total note offerings through its two flagship STACR series programs to $12.8 billion so far in 2022. The new credit risk transfer (CRT) offering, STACR 2022-DNA7, outlined in a presale report by Kroll Bond Rating Agency , involves a $616 million note offering backed by a reference loan pool of 69,144 residential mortgages with an outstanding principa
HomeLight
SEPTEMBER 22, 2022
The U.S. housing market is undergoing a rebalancing. Visit HomeLight’s 2022 Housing Trends Hub for information on how to navigate a shifting market — whether you’re a seller, buyer, or homeowner. If you’ve been monitoring the news lately, you’re probably well aware of the “two I’s” that have been dominating the financial headlines: inflation and interest rates.
Housing Wire
SEPTEMBER 22, 2022
Fannie Mae has finalized its ninth Credit Insurance Risk Transfer (CIRT) transaction of the year, transferring some $700 million of mortgage credit risk to private insurers and reinsurers, the agency announced. The deal, CIRT 2022-9, involves a covered loan pool of 69,000 single-family mortgages valued at $21 billion. The coverage, which became effective Aug. 1, entails Fannie Mae retaining risk for the first 55 basis points of potential loss on the covered loan pool.
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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.
HomeLight
SEPTEMBER 22, 2022
Appraisers and real estate agents have a love/hate relationship. Of course, we love them when the home value appraises at or above our client’s sales price, and not so much when it doesn’t. Am I right? Or am I right? For some agents as well as homeowners, appraisals are a bit of a mystery. How exactly did the appraiser get to that number anyway? This week on The Walkthrough , we talk to an appraiser who dispels some of the myths about how appraisers assess home value and reveals exactly what he
The American Genius for Real Estate
SEPTEMBER 22, 2022
Existing home sales fell slightly for the month, but dramatically annually, and prices are up. Current conditions remain restrictive for first time buyers.
Lighter Side of Real Estate
SEPTEMBER 22, 2022
Running late for an appointment can happen to even the most timely person. For instance, who hasn’t gotten stuck in traffic at some point in their life?! Something like that is a legitimate excuse that you can’t predict or avoid, unless you always leave ridiculously early just to make sure you don’t! Which is why real estate agents totally understand if you’re running a few minutes behind to meet them.
Bigger Pockets
SEPTEMBER 22, 2022
Having an occupied property rented substantially below market price is a problem that’s afflicted many real estate investors. Every month a property is rented below market rate is lost money […].
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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.
The Close
SEPTEMBER 22, 2022
When it comes to sending real estate thank-you notes to clients, there are two schools of thought: Some agents never send them with the view that clients should be thanking THEM. Smarter agents ALWAYS send thank-you notes to buyers and sellers. Why? They understand that making a personal connection after closing a deal is crucial to establishing enduring client relationships.
Bigger Pockets
SEPTEMBER 22, 2022
Short-term rental arbitrage seems like an elusive concept. As a real estate investor, it can be a little hard to wrap your head around it. You lease a property, rent […].
The Close
SEPTEMBER 22, 2022
When it comes to personal, team, or brokerage branding, effective real estate slogans (often called taglines) are a top-producing Realtor’s secret weapon. In five words or fewer, a memorable slogan can communicate your mission, vision, and values instantly. The only problem is that writing a memorable slogan for your business is much harder than it sounds.
BubbleInfo
SEPTEMBER 22, 2022
The over-bidding is winding down to more manageable levels as just 24% of August buyers were willing to pay over the list price. As usual, the $1,000,000 to $2,000,000 range was the most active, where inventory is low and the number of quality homes for sale even lower: The number of sales in August were […].
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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.
The Close
SEPTEMBER 22, 2022
Real estate newsletters are still one of the best ways Realtors can engage, educate, and sell to their audience in 2022. In fact, according to data from HubSpot , 77% of marketers have seen an increase in email engagement over the last 12 months. The problem for busy Realtors is that they need to come up with new content ideas to engage their email list every week.
BubbleInfo
SEPTEMBER 22, 2022
No surprise that our new listing found a buyer already. The one-story homes with all the extras are probably the most attractive buys in the marketplace, and anyone can sell these – it’s just a matter of who can get what price. I had 200+ people attend the open houses last weekend – and at […].
Realty Biz
SEPTEMBER 22, 2022
According to Sprout Social , as of January 2022, there are 3.96 billion total social media users across all platforms. The average person bounces between seven different social networks per month. The amount of time adults use social media across all platforms is now higher than ever — 95 minutes per day. TikTok is the fastest-growing social network, with a staggering 105% user growth rate in the US over the past two years.
BubbleInfo
SEPTEMBER 22, 2022
The Fed raises their rate by 0.75%, and what happens? That’s right, the conforming 30-year fixed rate went down this afternoon. Chairman Powell said again that intends to cause a reset in the real estate market, but our rates really shouldn’t go up much the rest of the year because at least 1% is already […].
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