Tue.Apr 19, 2022

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Single-Family Permits Weaken in March

Eye on Housing

Single-family starts permits declined in March, as higher interest rates weighed on housing affordability and produced a fourth straight decline for the NAHB/Wells Fargo HMI. Additionally, the cost and availability of materials, lumber, labor and lots remain key supply-side headwinds. Nonetheless, the resale market lacks inventory supporting ongoing demand for new construction.

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FHA adds 40-year loan term to COVID-19 arsenal

Housing Wire

The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. For now, only borrowers financially impacted by the pandemic can opt for the loss mitigation option, and it may only be used in combination with a partial claim option.

Loans 488
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Why Pre-Approval Is an Important Step for Today’s Homebuyers

Keeping Current Matters

Being intentional and competitive are musts when buying a home this season.

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Better.com institutes third major layoff

Housing Wire

A force reduction of about 4,000 workers since December apparently wasn’t enough to stop the bleeding for Better.com. The digital lender on Tuesday morning announced that it would be executing its third major layoff, though it did not disclose how many workers would be shown the door. Sources familiar with the layoffs said it would be “significant” and felt across the company’s divisions, including at Better Real Estate , a brokerage-like venture the company launched last

Brokerage 382
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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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Inside Napa Valley’s Summer Hill Compound

Sotheby's International Real Estate

Bringing to mind a string of pearls strewn across a 40-acre knoll, this singular wine country estate comprises three serene pavilions linked by breezeways and loggias. Five years in the planning, it is the creation of illustrious designer Rela Gleason working in strong collaboration with architects John Sease and Bobby McAlpine. A once-in-a-lifetime property, it speaks an architectural language never before spoken.

Design 127

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5 Killer Tips to Get Your Home Sold Fast

Realty Biz

How to Make Your House Ready to Be Listed For Sale. When you list your home for sale, you’ll want to put your best foot forward. Many things go into a successful home sale, including setting the right price and hiring an outstanding real estate agent. Your property’s presentation will be very important, from the curb appeal to the home itself.

Staging 122
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Redwood Trust reveals five new VC deals

Housing Wire

At an investor conference last fall, Redwood Trust Inc. CEO Christopher Abate outlined the company’s strategy to expand its reach in existing markets while also seeking out strategic investments in new markets. Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to “building efficiencies” to accomplish the real estate investment trust’s goals.

Equity 381
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Timeless Elegance Meets Whimsical Charm in this $6M Storybook Castle in Los Angeles

Fancy Pants Homes

A unique new listing in Los Angeles has some serious fairy tale vibes. Dubbed Chateau Lemoine, the stunning estate was originally constructed in 1926 and is a prime example of storybook architecture. Located in the beautiful Brookside neighborhood of Los Angeles, the extensively remodeled home features a list of luxurious features and endless period elements.

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19 Essential Tips for New Real Estate Agents

Tom Ferry

Being a new real estate agent can be scary. You’re in a new world. You’re not receiving a salary. Real estate school barely taught you anything relevant to actually achieving success in this industry. There are plenty of resources out there that can help you break into the real estate world. In this post, we’ll […]. The post 19 Essential Tips for New Real Estate Agents appeared first on Tom Ferry.

Agents 99
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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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Tim and Karen Branoff are Honored as Recipients of the First Team Lifetime Achievement Award

First Team Real Estate

Tim and Karen Branoff are Honored as Recipients of the First Team Lifetime Achievement Award. Dependable, diligent, and driven, Tim and Karen Branoff have played a major role in the First Team family for over three decades. An Orange County pair of professionals, the Branoff’s have been with the agency for 35 years. Recently, Karen and Tim were awarded with the very prestigious lifetime achievement award for their unwavering dedication to real estate and First Team.

MLS 98
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Casa Loma: The Canadian Castle with Countless Movie Credits

Fancy Pants Homes

With soaring battlements and secret passageways, the one and only true castle in North America sits in the heart of Toronto, Ontario. And it’s a must-see when visiting the T-dot, especially for movie lovers. X-Men fans in particular will be quick to recognize the estate, as it served as a main filming location for Xavier School for Gifted Youngsters in the 2000 movie, as well as countless other movies (scroll down for the full list).

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Daily Links: City Announces $11 Million Dedicated to Cleaner Streets and Bike Lanes

Brownstoner

In the News They Expected Luxury. They Got Leaky Ceilings and Broken Elevators [NYT] Not Your Grandfather’s Skyscraper [NYT] Grocery Apps Try to Shed NYC Delivery Hubs’ ‘Crackhouse’ Reputations [NYP] Brooklyn Is on the Forefront of NYC's Passive House Movement [Eagle] City Allocates $11 Million to Make Streets Cleaner and Improve Mobility [amNY] Where to Eat… Read More > The post Daily Links: City Announces $11 Million Dedicated to Cleaner Streets and Bike Lanes appeared first on Brown

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Back to Basics—Nurturing Your Sphere of Influence

RIS Media

It’s time to get back to basics and examine your business. Are you nurturing your sphere of influence? If not, it’s time to begin. To start, your sphere of influence (SOI) is a list or database of people you know. Agents can greatly benefit from organizing contacts into a CRM or customer relationship management database. Many software programs are available to help everyone from the novice to the expert manage, nurture, and retain clients.

Agents 106
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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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Lottery Launches for Affordable Housing at Former Witnesses’ Dorm With Supportive Units in DoBro

Brownstoner

Starting this summer, a renovated Dumbo hotel will be home to hundreds of people and families as 90 Sands Street reopens with 490 affordable and supportive housing units — and the lottery for nearly 200 affordable units is open now. Until June 2, New Yorkers earning between $18,000 and $128,000 per… Read More > The post Lottery Launches for Affordable Housing at Former Witnesses’ Dorm With Supportive Units in DoBro appeared first on Brownstoner.

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Social Media and Marketing Tips for Your Real Estate Niche: FSBO

RIS Media

For some real estate agents, For Sale By Owner (FSBO) properties can be challenging to prospect. For others, it’s an opportunity. In fact, this can become a very lucrative niche for those willing to get to work for their next listing. The reason that sellers opt for FSBO listings is often because they think they can earn more money, eliminating the commission from listing with a brokerage.

Marketing 102
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Brooklyn Real Estate Listings Six Months Later: Two Sold, One in Contract, One Off the Market

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Kensington, Bay Ridge, Crown Heights and Park Slope. How did they fare? First up, with arched doorways, wood floors and a built-in niche, this Kensington one-bedroom already has some of its original… Read More > The post Brooklyn Real Estate Listings Six Months Later: Two Sold, One in Contract, One Off the Market appeared first on Brownstoner.

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Still want to refinance? Do it before the Fed raises rates in May

The Mortgage Report

Don't wait to refinance until after the Fed raises rates. You could save serious money by locking your new refinance rate before May 4.

Mortgages 109
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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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Delve Into the History of the Sanborn Map Company With Green-Wood Cemetery

Brownstoner

Intended as documentation for the fire insurance industry, the maps produced by the Sanborn Map Company have become essential tools in researching and documenting the history of New York City. Learn more about the history behind the maps with a new virtual program from Green-Wood Cemetery. Founded by Daniel Sanborn, who… Read More > The post Delve Into the History of the Sanborn Map Company With Green-Wood Cemetery appeared first on Brownstoner.

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Improving Agent Productivity: Close the Gap of Success Through Accountability

RIS Media

Team leaders all over the country tell me of their agent’s lack of productivity and look for solutions to get these agents increasing their sales efforts to list, sell and convert more, but still have agents that seem to be coming up short even with these market conditions. If you have agents on your team that are interested in growing their business and income or you have agents whose performance levels are less than average, you will want to implement these accountability action plans for inc

Closing 98
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Mortgage and refinance rates today, April 19, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose again yesterday. According to Mortgage News Daily’s reckoning, that took them back to last Monday’s level, which was the highest in […].

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Commercial/Multifamily Lending to Hold Steady in 2022 Amidst Higher Rates and Economic Uncertainty

RIS Media

Total commercial and multifamily mortgage borrowing and lending is expected to hold steady at a projected $895 billion of total lending in 2022, according to the latest forecast released this week by the Mortgage Bankers Association (MBA). This figure is roughly in line with 2021 totals ($891 billion), according to MBA. Key findings: – Multifamily lending alone (which is also included in the total figures above) is expected to fall to $418 billion in 2022—down 11% from last year’s estimate

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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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Coldwell Banker Realty is Pleased to Announce the Acquisition of Coldwell Banker Bain, a Leader in Global Luxury

Coldwell Banker

With strategic acquisition, industry renowned Coldwell Banker Bain in Washington and Oregon to become a Coldwell Banker company-owned operation. The post Coldwell Banker Realty is Pleased to Announce the Acquisition of Coldwell Banker Bain, a Leader in Global Luxury appeared first on Coldwell Banker Blue Matter.

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How Real Estate Team Leaders Can Gain a Competitive Edge

RIS Media

While there are numerous factors that go into leading a successful real estate team, one that you absolutely must utilize is a value proposition. Identifying your value proposition and putting it into action will make your business stand out and keep your agents happy, productive and loyal. It’s an essential component in taking your team to the next level.

Agents 106
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Ask Brian: Does It Matter If The Value of My House Has Gone Down?

Realty Biz

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. Question from Rowan in MS: Hi Brian, My family and I have lived in our home for 4 years. Unfortunately, home values in our neck of the woods have not gone up in value the way most other home values have over the past several years.

Equity 86
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Eco-Friendly Features a Potential Boon for Home Sales Amount and Time

RIS Media

One might argue that a “green” home is a sustainable home. However, a new Zillow report suggests that a sustainable home can also generate more green for sellers. According to the report, homes with eco-friendly features can sell faster than expected and for more money in some cases. The study found that electric vehicle chargers and drought-resistant landscaping can help a home sell more than nine days faster than similar homes.

Sales 106
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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.