Housing Wire
MARCH 4, 2022
Record home prices in recent years have pushed tappable home equity to new heights, increasing the demand for one specific product: cash-out refis. Black Knight data shows that lenders originated $1.2 trillion in cash-out refis in 2021, up 20% compared to the prior year, the highest volume since 2005. Cash-out refis went from 36% to more than 60% of all refis from the beginning of 2021 to the fourth quarter.
Maximum Exposure Real Estate
MARCH 4, 2022
Tips to Buy and Sell Houses Simultaneously Are you wondering how to buy and sell a house at the same time? You are not alone, as many folks ask real estate agents how to pull off the house buy and sell simultaneously. It’s not like you buy and sell houses every day, so a reasonable […]. The post How to Buy and Sell a Home at The Same Time appeared first on Maximum Real Estate Exposure.
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Housing Wire
MARCH 4, 2022
Today, the Bureau of Labor Statistics reported that the United States Of America created 678,000 jobs in February. We also had 92,000 in positive revisions, and this report was a beat of estimates coming off a strong January report as well. The U.S unemployment rate stands at 3.8%, and we are getting closer and closer to my September 2022 forecast of getting all the jobs back that we lost due to COVID-19.
Eye on Housing
MARCH 4, 2022
Job growth accelerated in February with widespread gains across industries. Total nonfarm payroll employment increased by 678,000 in February, and the unemployment rate edged down to 3.8%. Construction industry employment (both residential and non-residential) totaled 7.6 million. Residential construction gained 31,000 jobs, while non-residential construction added 29,400 jobs for the month.
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Housing Wire
MARCH 4, 2022
After mixed results in January , the U.S. jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. As a result the unemployment rate dropped to 3.8% from 4.0% in January. The unemployment rate remains higher than the 3.5% unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic.
Sotheby's International Real Estate
MARCH 4, 2022
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Huntington, New York | John Sinkevich, Daniel Gale Sotheby’s International Realty . This 17th century colonial home complete with green shutters in Long Island has five bedrooms and is on the market for $1.9m. Fantasy home: more pleasure than pain in the 1960s New York suburbs of John Cheever and Don Draper – Financial Times.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
The Close
MARCH 4, 2022
To get you thinking outside the box about lead generation, we curated the best real estate open house ideas from 27 top-producing listing agents from brokerages that include Douglas Elliman, Compass, and more. When it comes to open houses, many agents have already given up. Convinced by some cynical colleague that open houses “don’t work anymore ,” they’ll instead spend thousands on online ads.
Housing Wire
MARCH 4, 2022
California-based nonbank lender Carrington Mortgage Services has invested in boosting the growth of its wholesale channel, with the latest announcements including a new loan processing technology and plans to increase the sales team. The attention to broker shops comes at a moment in the mortgage industry when the retail channel is losing origination volume, particularly refinance volume, due to higher rates. “We put a lot of effort and energy into developing a program to help brokers grow
BubbleInfo
MARCH 4, 2022
The market is heating up fast and early this year! The majority of home buyers paid over the list price in February, and these were decisions mostly made in January: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% July: 64% August: 55% September: 41% October: 45% November: 48% December: 48% January: 49% February: 60% […].
Housing Wire
MARCH 4, 2022
Last week, mortgage investment firm Ellington Financial (NYSE: EFC) announced that it had reached a deal to acquire leading reverse mortgage lender Longbridge Financial, in a deal valued at roughly $75 million for a 49.6% stake. Since EFC had already maintained a stake in Longbridge, the deal will basically serve to close the remaining gap in ownership and situate EFC as the primary owner of Longbridge.
Advertiser: Trellis
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.
BubbleInfo
MARCH 4, 2022
You may remember the story of my buyers purchasing a home in Bressi Ranch about a year ago. Since then, there have been two more sales on the same street: March 10, 2021: $1,900,000 April 30, 2021: $2,450,000 March 2, 2022: $3,000,000 This is not normal! [link].
RIS Media
MARCH 4, 2022
Realty ONE Group has launched a toy drive benefitting the displaced children of Ukraine. Realty ONE’s founder and CEO, Kuba Jewgieniew, has invited all 400+ offices across the nation to participate in this worthy cause. Those interested in helping are encouraged to bring a shoebox filled with toys, a note, or any other gifts for a child to a local Realty ONE Group location.
Lab Coat Agents
MARCH 4, 2022
As Realtors we spend a good deal of time working within the confines of our “limiting beliefs” (definition: A state of mind or belief about yourself that restricts you in some way…many professionals and even entrepreneurs struggle with self-limiting beliefs that can hinder potential success.) The key is learning to identify limiting beliefs in order to overcome them.
RIS Media
MARCH 4, 2022
Regardless of how you feel about iBuyers, they’ve shown that the business model has legs in residential real estate. That said, as the real estate market shifts, some experts and industry observers have pondered what the future holds for the companies that have cornered the iBuying market, particularly how they plan to evolve their business models to weather the ebbs and flows of the housing market storm. “It’s time to think differently about the iBuyers,” says Stefan Pet
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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.
Lighter Side of Real Estate
MARCH 4, 2022
As a real estate agent, more often than not you’ve gotta bite your tongue in this business to avoid offending others. Which is why it’s just plain healthy to let loose and have a laugh at the things that drive agents nuts once in a while! Here are 24 memes that nail life as a real estate agent, to let you know you’re seen and understood, and for you to share…if you dare!
RIS Media
MARCH 4, 2022
With the current housing market climate—inventory challenges, rising mortgage rates and stagnating construction numbers—the housing market is still scorching hot. Despite these conditions, a new report shows that more than 16 million homes across the U.S. are sitting vacant. To get a sense of vacancy rates in the U.S., LendingTree analyzed the latest housing data to rank the nation’s 50 states by their shares of unoccupied homes.
Brownstoner
MARCH 4, 2022
The Estates at Royalton, a new development in Mattituck on the North Fork, has already sold more than half of its 11 farmhouse-style homes just shy of one year since it broke ground. Six out of the farmhouse-style homes in the subdivision are now sold, achieving some record pricing for Mattituck,… Read More > The post New Residential Development Sets Some Record Prices in Mattituck on the North Fork appeared first on Brownstoner.
RIS Media
MARCH 4, 2022
The COVID-19 pandemic has changed the way we work and live. While some changes are temporary, others are here to stay. Here, Tina Lapp, head of local brands for Colibri Real Estate, offers her take on how the pandemic has created challenges and opportunities for working women. How have opportunities for working women changed over the course of the pandemic?
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.
Brownstoner
MARCH 4, 2022
The Estates at Royalton, a new development in Mattituck on the North Fork, has already sold more than half of its 11 farmhouse-style homes just shy of one year since it broke ground. Six out of the farmhouse-style homes in the subdivision are now sold, achieving some record pricing for Mattituck,… Read More > The post New Residential Development Sets Some Record Prices in Mattituck on the North Fork appeared first on Brownstoner.
RIS Media
MARCH 4, 2022
Mortgage rates fell a bit more this week from the week prior, according to Freddie Mac’s latest weekly Primary Mortgage Market Survey (PMMS), which showed that the 30-year fixed-rate mortgage (FRM) averaged 3.76%, down from 3.89% last week. Key findings: 30-year fixed-rate mortgage averaged 3.76% with an average 0.8 point for the week ending March 3, 2022, down from last week when it averaged 3.89%.
Realty Biz
MARCH 4, 2022
American homeowner tenure is in decline as more people up and move to different parts of the country. No doubt driven by the so-called “Great Resignation” that has seen many people quit their jobs, and also remote work trends, U.S. homeowner tenure fell to 13.2 years in 2021, down from 13.5 years in 2020. That followed almost a decade of sequential rises in homeowner tenure, prompting economists to wonder if last year was the peak and that a multi-year decline is on the cards.
RIS Media
MARCH 4, 2022
For the past 40 years, the National Association of REALTORS® (NAR) has published key statistics and findings about the real estate industry and related consumer demographics and behaviors in the Profile of Home Buyers and Sellers. This annual report is a valuable reference tool for real estate professionals, and insights garnered from the data can inform your business for the year ahead.
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.
Brownstoner
MARCH 4, 2022
Our picks for open houses to check out this weekend are found in Bay Ridge and Midwood. They sport some alluring vintage details, including some eye-catching original bathrooms and a kitchen; three have garages. They range in price from $960K to $1.25 million. An early 20th century brick row house on… Read More > The post Four Vintage Houses (Three With Garages) in Bay Ridge and Midwood to See, Starting at $960K appeared first on Brownstoner.
RIS Media
MARCH 4, 2022
Century 21 Real Estate has announced that in collaboration with the Hispanic Heritage Foundation , the brand will be expanding its successful CENTURY 21 Empowering Latinas Program in 2022 with a national call-to-entry providing critical educational opportunities including financial support for 121 Latina entrepreneurs seeking to obtain a real estate license.
Brownstoner
MARCH 4, 2022
Green-Wood Cemetery is constructing over 22,000 square feet of rain gardens on their grounds — the largest of its kind which will prevent hundreds of gallons of stormwater from entering its surrounding communities. “We applied for building 22,000 square feet of… rain gardens,” said Joseph Charap, Green-Wood’s resident director of… Read More > The post New Rain Gardens to Aid in Stormwater Retention Coming to Green-Wood Cemetery appeared first on Brownstoner.
RIS Media
MARCH 4, 2022
FHFA acting director, Sandra L. Thompson, has announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac. This is the largest amount ever provided to these programs from these organizations. “Addressing our nation’s affordable housing crisis is critical to FHFA’s mission,” said FHFA Acting Director Sandra L.
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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.
Brownstoner
MARCH 4, 2022
In the News Everybody Loves Red Hook. Or So They Say [NYT] New York Tombstone Engravers Struggle to Keep Up With Demand [NYT] NY Preservationist Tolbert to Lead Historic Districts Council [Eagle] East Flatbush Tenants Battle Landlord Over Mold, Mushrooms [BK Reader] Van Leeuwen Ice Cream to Open Park Slope Outpost Next Week [Patch] MTA… Read More > The post Daily Links: East Flatbush Tenants Battle Landlord Over Mold in Their Rent-Stabilized Apartments appeared first on Brownstoner.
RIS Media
MARCH 4, 2022
It’s common for homeowners planning a renovation project to have a long wish list. You may love the look of a friend’s home or may want to recreate a room that you saw in a magazine or online, but remember that your house has to work for your family, not someone else’s. Think carefully about how you use the space you currently have and how to make life easier and more convenient.
App Folio
MARCH 4, 2022
Engineering is where vision turns to reality, and at AppFolio, our talented Engineering team is the engine that drives innovation.
RIS Media
MARCH 4, 2022
HannaCon 2022 – Stronger Together, held this week on March 2-3, was the first destination convention hosted by Howard Hanna Real Estate Services, in conjunction with the entire Hanna Family of Companies. HannaCon 2022 took place at The Venetian Resort in Las Vegas, Nevada, and offered two full days of educational opportunities, industry-leading speakers, networking opportunities and all the fun its host city can provide.
Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty
The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.
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