Keeping Current Matters

MAY 3, 2022

With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common.

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Housing Wire

MAY 3, 2022

U.S. home prices in March climbed a record 20.9% year over year, but the explosive pace of appreciation is expected to cool down to the single digits by the same time next year. The jump in March marks the 122nd consecutive month that the annual housing-price measure has increased, according to CoreLogic ‘s recent national Home Price Index report.

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Principal Mortgages Closing As-is 459

The Mortgage Report

MAY 3, 2022

Is buying a house a waste of money? That depends who you ask, but many experts will tell you it's a sound investment, even in 2022.

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Housing Wire

MAY 3, 2022

Fintech and fractional home-equity lender Point has raised an additional $115 million through a Series C fundraising round led by venture capital firm WestCap. The capital will be used to accelerate Point’s growth in the $25 trillion home-equity market, according to the company’s co-founder and CEO Eddie Lim. The Palo Alto, California-based Point plans to use the funding to expand its product line as well as its market footprint — from an existing 16 states and the District of Columbia to 28 mar

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Equity Investor Loans Residential 459

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Development

Brownstoner

MAY 3, 2022

Descendants of five 19th century Black women abolitionists, alongside local activists and community members, are urging the City to create a cultural destination in Downtown Brooklyn that honors the area’s rich abolitionist history with a statue and heritage center celebrating the historically significant women and many others who fought against… Read More > The post After Abolitionist Landmark Win, Activists Fight to Create Brooklyn Civil Rights Destination appeared first on Brownston

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Development 124

Housing Wire

MAY 3, 2022

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. As a member of HW+, you get access to 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry. This Q&A was hosted in the HW+ Slack channel, which is exclusively available to members.

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Marketing Sales Mortgages As-is 448

Housing Wire

MAY 3, 2022

Nonbank heavyweight loanDepot will unveil a home equity line of credit (HELOC) product in the third quarter of 2022, the first offering of its recently launched mello business unit. Fast-rising mortgage rates, recently cresting above 5% , have reduced refinance volumes by 70% year over year as of the end of April. The lender seeks to expand its product portfolio to help compensate for the lost volume, like most competitors.

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Equity Loan Officer Loans Technology 418

Coldwell Banker

MAY 3, 2022

Extra, extra! Read the top 10 news items that ran in April about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – April 2022 appeared first on Coldwell Banker Blue Matter.

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Agents 115

Housing Wire

MAY 3, 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.

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Equity Fixed-rate mortgage Principal Mortgages 418

Coldwell Banker

MAY 3, 2022

There’s something magical about watching a movie on a warm summer night under the stars with friends. If you’re not close to one of the few drive-in theaters still in existence, no worries – you can easily transform your backyard into an outdoor home theater. Here are five tips for turning your backyard into a […]. The post Five Tips for an Awesome Outdoor Movie Night appeared first on Coldwell Banker Blue Matter.

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Closing 111

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.

Industrial

Housing Wire

MAY 3, 2022

While retention, engagement and automation are the hottest topics coming out of a growing labor shortage, employee turnover can also cause cyber risk and other operational issues for title companies. The Great Resignation and lack of available labor has been a hot topic in the general media for some time now. It’s significantly impacting the title insurance industry now and will only become more prominent as the boomer workforce continues with retirement plans.

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Eye on Housing

MAY 3, 2022

The Census Bureau recently released its 2021 Metropolitan Statistical Area (MSA) annual population estimates. Between 2020 and 2021, 251 (65%) of the 384 MSAs within the 50 states and the District of Columbia experienced population increases, albeit small on percentage terms. The MSAs’ combined total population increased from 286,195,308 in 2020 to 286,472,775 in 2021, approximately a 0.1% increase.

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Housing Wire

MAY 3, 2022

Fannie Mae , the government-sponsored enterprise that backs the majority of conventional mortgages, is not immune to the sharp decline in mortgage refinances. The enterprise reported $7.5 billion in first quarter revenue, a $700 million jump from 2021. But net income income was down 12% from nearly $5 billion first quarter 2021, to $4.4 billion this quarter.

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Mortgages Marketing Equity Loans 397

The American Genius for Real Estate

MAY 3, 2022

(REAL ESTATE) Housing affordability was already a widespread challenge before current economic pressures were applied, but now home prices are skyrocketing. The post Home prices jump double digits in majority of American metros [report] appeared first on The American Genius Real Estate.

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Brokerage

Housing Wire

MAY 3, 2022

A Palo Alto, California-based fintech startup Point , which bills itself as allowing homeowners to tap into future home appreciation, closed on a $115 million Series C funding round, the company announced Tuesday. Point now says it has raised $170 million in equity capital. WestCap Group , a New York City-based investor, led the funding with existing backers Andreessen Horowitz , Ribbit Capital , mortgage real estate investment trust Redwood Trust and Atalaya Capital Management participating, Po

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Equity Investor Closing costs Finance 397

Eye on Housing

MAY 3, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased slightly to 396,000 unfilled positions in March. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019.

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Construction Industrial Marketing 105

Housing Wire

MAY 3, 2022

New Residential Investment Corp.’ s first quarter earnings repeat the logic of rising interest rates lowering origination profits but increasing servicing gains, as reported by companies such as Mr. Cooper and Ocwen last week. The real estate investment trust reported on Tuesday $690 million in net income for the first quarter, a 267% increase from the prior quarter.

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Residential Principal Loans Mortgages 370

The Residential Specialist

MAY 3, 2022

Older clients make up over half of all home transactions, and agents must be prepared for different wants and needs. By Andrew Conner. Whether they are downsizing to a senior living community or moving south for warmer weather, seniors make up a significant portion of real estate transactions. According to a March 2021 National Association of REALTORS ® report, baby boomers make up the largest share of sellers at 43%, and 8% of sellers are from the silent generation.

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Staging Agents As-is Marketing 98

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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.

Agents

Brownstoner

MAY 3, 2022

This three-room apartment has some vintage charm and appears to be in move-in condition, something of a rarity for an income-restricted HDFC co-op. It's on the third floor of 374 South 2nd Street in Williamsburg. The six-story, 41-unit tan brick building dates from 1924 and has some neo-Classical touches such… Read More > The post Jazz Age HDFC Co-op With One Bedroom, Moldings, Parquet in Williamsburg Asks $425K appeared first on Brownstoner.

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The Residential Specialist

MAY 3, 2022

Agents may have to adjust their marketing strategies when selling an eco-friendly home. By Regina Ludes. John Young, CRS, had only a cursory knowledge of energy-efficient homes when he began upgrading an older home he had bought several years ago. After getting an energy audit through a home inspection company, he followed recommendations to install foam insulation in the attic, replace the furnace and heat pumps with more energy-efficient models, and add solar panels to the roof.

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Marketing MLS Agents Design 98

Realty Biz

MAY 3, 2022

The most important statistics for one investor aren’t always particularly important to another. For instance, if you want to know “what are today’s hot real estate markets?” you can simply google for that statistic. However, by the time you take action, all the best deals will be gone and what drove the hot market is probably cooling off. You’re better off finding the underlying statistics that drive these markets and then finding a new and sustainable market rather than a hot flash in the pan m

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Coldwell Banker

MAY 3, 2022

The Coldwell Banker brand extended agreements for 17 affiliated companies in Q1 2022 and renewed 101 affiliated companies in 2021. The post Coldwell Banker Real Estate Reveals Impressive Growth in Q1 2022 and High Retention in 2021 appeared first on Coldwell Banker Blue Matter.

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Branding 98

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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.

Agents

RIS Media

MAY 3, 2022

Are you looking for a place to store your belongings while you’re on vacation or just need some extra space for the week? Maybe you are selling your home and have some interim storage needs before you move to your next home? It’s not uncommon to need storage space when buying and selling a home. A self-storage unit might be perfect for you.

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Agents As-is Industrial 98

Brownstoner

MAY 3, 2022

In the News After a Two-Year Dip, Evictions Accelerate in New York [NYT] NYC Enters a Higher Coronavirus Risk Level as Case Numbers Rise [NYT] Greenpoint Congregation Warns Against 'Predatory' Church [Greenpointers] Cinco de Mayo Becomes Cinco Auténtico With ‘Mexico in My Pocket’ [BK Reader] Write a Poem or Make a Flag About Bed Stuy… Read More > The post Daily Links: With Cases Going Upward, NYC Moves to a Higher Coronavirus Risk Level appeared first on Brownstoner.

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RIS Media

MAY 3, 2022

In an industry that is filled with fierce competition, success is not just about being “the best.” With millions of agents across the nation fighting for a top spot, it’s the agents who compete against themselves that truly win. I’m a huge fan of the Olympics, and I particularly love watching the interviews with athletes. One I watched during the 2022 Winter Olympics was with Nathan Chen, who won the gold medal in men’s single figure skating.

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Agents Industrial As-is Marketing 98

Brownstoner

MAY 3, 2022

This week, a look back at four of our featured listings from six months ago focuses on homes in Clinton Hill, Kensington, Bed Stuy and Brooklyn Heights. How did they fare? It’s nothing fancy, but this one-bedroom converted to two is a relatively affordable and spacious option in a desirable part… Read More > The post Brooklyn Real Estate Listings Six Months Later: Two Sold, Two in Contract appeared first on Brownstoner.

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Marketing 98

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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.

Sales

RIS Media

MAY 3, 2022

U.S. home prices continued to post significant year-over-year gains in March, up by 20.9%, another record high, according to the latest CoreLogic Home Price Index (HPI ) and HPI Forecast for March 2022 from CoreLogic. Even with the past year’s streak of double-digit price increases, annual gains are projected to slow to around 6% by next March, due in part to rising mortgage rates and higher home prices hampering affordability for some home shoppers, according to the report.

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Principal Mortgages Closing Agents 98

Realty Biz

MAY 3, 2022

Nowadays, it seems like everybody is looking for ways to make their homes more unique and beautiful. But sometimes, it’s tough to find the motivation to make big improvements. This is where small, simple, and inexpensive home improvement projects come in handy. If you’re looking to add some instant value to your home and don’t have the time or money to spend on huge renovations, try these 8 easy home improvement projects that will transform your home and give you a boost of mot

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RIS Media

MAY 3, 2022

Every real estate agent has the difficult task of finding a cure for one of the most common dilemmas homeowners face today: “I have to sell in order to buy” or “I don’t know where I will go if my house sells quickly.” . The fear and concern are very real, and traditional methods like submitting offer after offer with a contingency to sell, place our clients at a disadvantage.

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The Residential Specialist

MAY 3, 2022

By Yatin Karnik, Founder and CEO, Confer, Inc. If you want to help your clients and take your real estate business to the next level, become an expert on something homebuyers are clamoring to learn about: junk fees. Banks and lending participants are using hidden and confusing fees to defraud your clients. What are junk fees? Junk fees are itemized charges tacked on to the closing cost by the lender.

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Lending Closing costs Loans Banks 97

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