Housing Wire

JULY 26, 2022

For those of us in the business of analyzing the housing market, the past two years have been quite a ride. The market’s insatiable demand for real estate, combined with low interest rates and even lower inventory, created a feeding frenzy that drove insane bidding wars, sent home prices skyrocketing, and frustrated many would-be home buyers. And with the pandemic changing some of our traditional seasonal patterns, it’s been challenging at times for us to predict what would happen next.

Marketing 363

Marketing As-is Mortgages Sales 363

Keeping Current Matters

JULY 26, 2022

Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market.

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Mortgages Marketing 230

Housing Wire

JULY 26, 2022

Guild Mortgage rolled out a new program, aimed at first-time homebuyers, which will accept rental payment records and residual income history in place of credit scores. If the borrowers’ report from financial tech company FormFree , which provides the rental payment history and residual income analysis, shows consistent payment records, the borrowers may qualify to receive a lower interest rate and lower fees, according to a statement from Guild Mortgage.

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Loans Mortgages Lending Banks 370

Sotheby's International Real Estate

JULY 26, 2022

Northern California’s Sonoma Valley is known for many things: intricately twining grape vines that yield full-bodied wines, gently rolling hills, the rugged trunks and branches of grandfather oaks, meandering rivers, and swaths of wind-waved golden grass—all soft, changeable, and natural. This meticulously designed new residence serves as a stylish contrast, its clean, crisp contemporary lines accentuating the grand organic features of its enviable setting.

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Design As-is 105

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Agents

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. Sprout has been sued by former employees , vendors and business partners since it shut down its operations in early July, laying off its entire staff without severance or their last paychecks.

Due diligence 362

Due diligence Mortgages Principal Lending 362

Brownstoner

JULY 26, 2022

As Clinton Hill Cooperatives go, this one-bedroom is one of the cutest we've seen, with a renovation that jibes with the modest and modern origins of the complex. The World War II-era housing complex solved a housing shortage for Navy officers and enlisted men and their families. Sited close to the… Read More > The post Clinton Hill One-Bedroom With Big Windows, Modern Flair, Parquet Asks $675K appeared first on Brownstoner.

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Renovation Closing As-is 97

Real Trends

JULY 26, 2022

The historic surge in gas prices is forcing real estate agents to reconsider their bread-and-butter activities: how many home showings they attend and how often they meet clients face-to-face. “It used to cost me like $30 to fill up and now we are looking at $60 to $70 per fill up,” said Mandy Nichols, a Dallas-Fort Worth-based Brixtone Real Estate agent.

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Agents Proof of funds Pre-approval As-is 96

Housing Wire

JULY 26, 2022

The digital revolution has changed the game in mortgage lending over the last few decades, resulting in a rise in digital operations such as online applications and eClosings. While digital strategies have focused primarily on origination, mortgage servicing can take a page or two from origination’s playbook to get off the sidelines and into the digital mortgage game.

Technology 332

Technology Mortgages Loans Lending 332

Coldwell Banker

JULY 26, 2022

The 30 Under 30 award celebrates top young real estate professionals who have made their mark at Coldwell Banker. The post Coldwell Banker Announces 2022 30 Under 30 Award Winners appeared first on Coldwell Banker Blue Matter.

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App Folio

JULY 26, 2022

In our first episode of season 3 of The Top Floor podcast, we speak with two experts about the world.

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Marketing 122

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.

Loans

Brownstoner

JULY 26, 2022

This week, a look back at four of our featured listings from six months ago focuses on homes in Sunset Park, Midwood, Dyker Heights and Brooklyn Heights. How did they fare? This 1920s one-bedroom has a new Ikea kitchen with blue cabinets, original parquet floors and woodwork, and a low monthly… Read More > The post Brooklyn Real Estate Listings Six Months Later: All Four Sold appeared first on Brownstoner.

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Marketing 89

Notorious ROB

JULY 26, 2022

From Prof. Anthony Sanders over at Confounded Interest, one of the best housing economics blogs out there, we get this story : Miami, Tampa, Dallas and Phoenix (red states) are growing at over 30% YoY. Boston, Chicago, Cleveland, Detroit, Minneapolis, New York, Portland and Washington DC (blue states) are all growing at over 10% YoY. Cleveland is a blue city in a mostly red state while San Diego is a red city in an almost blue state.

Sales 88

Sales Agents As-is Marketing 88

Real Trends

JULY 26, 2022

While it’s true that all licensed real estate agents need to be affiliated with a brokerage, there’s no rule that stipulates the specifics of that relationship, including how long you should be tied to a broker. In the same way that a broker wants to make sure you’re a good fit before they let you join the brokerage, or a client wants to make sure you’re right for their needs , you should also do the same, and be prepared to constantly evaluate the benefits of that relationship.

Brokerage 83

Brokerage Agents Branding As-is 83

McKissock

JULY 26, 2022

Purchasing property, especially a home, can be a very emotional experience. As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. While many transactions are completed with a minimum of negotiations , others are fraught with haggling over price, repairs, timelines, etc. You have the power to set expectations and to take all the back and forth negotiation in stride.

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Purchase and sale agreement Title search Inspection Construction 81

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Sales

Realty Biz

JULY 26, 2022

The construction-focused SaaS company Foresite Technology Solutions said today it’s partnering with the global experience platform Lilt to integrate multilingual content within its platform. Foresite aims to eliminate safety issues for construction workers that stem from communication errors and language barriers, it said in a press release. It points to a 2019 study by the American Council on the Teaching of Foreign Languages, which shows that 42% of construction industry employers in the U.S.

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Construction Industrial Technology As-is 80

Brownstoner

JULY 26, 2022

In the News Maybe We Don’t Need Groceries in 15 Minutes After All [NYT] Michael R. Long, N.Y. Conservative Party Stalwart, Dies at 82 [NYT] Holding Out for the Right Fit in Brooklyn. Which Unit Did She Choose? [NYT] ‘Stroller Patrol’ at Brooklyn Bars Sparks Debate [NYP] Brooklyn Bishop Defends Lifestyle After $1 Million Jewelry… Read More > The post Daily Links: Growing Number of Crisis Pregnancy Centers in Brooklyn Sparks Transparency Fears appeared first on Brownstoner.

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BubbleInfo

JULY 26, 2022

Last month I guessed we’ll be 400+ at the end of the year, or about the same as February. If our local Case-Shiller Index drops 0.5% per month for the next seven readings, we’d still be in positive territory for 2022. We haven’t had a negative MoM reading since December, 2018. San Diego Non-Seasonally-Adjusted CSI changes […].

Sales 81

Sales 81

The American Genius for Real Estate

JULY 26, 2022

Case-Shiller data reveals an easing of home prices, but affordability remains a plague in the housing sector. The post Home prices ease in May from record high, per S&P Case-Shiller appeared first on The American Genius Real Estate.

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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.

Agents

Brownstoner

JULY 26, 2022

Brooklyn-based nonprofit RiseBoro Community Partnership has reached a settlement with private equity giant Blackstone and will take majority ownership of three affordable housing developments after a lengthy legal battle. The settlement will allow RiseBoro to keep 190 units affordable long-term, and represents a possible turning of the tides in what has… Read More > The post RiseBoro and Private Equity Giant Blackstone Reach Bushwick Affordable Housing Settlement appeared first on Brow

Equity 59

Equity Development Marketing 59

Mashvisor

JULY 26, 2022

As a rental property owner, knowing the rental comps near me can help me charge the right rent to my tenants. But how do you find this data?

Investor 74

Investor 74

Yardi Marketing

JULY 26, 2022

Figuring out how to best design your website can be a daunting task. This summer, REACH by RentCafe surveyed more than 12,000 people on RentCafe.com to learn more about their website design preferences. Read on to see the survey results and learn more about the most popular website design trends of 2022. Survey says…. Which color schemes do you prefer?

Design 52

Design As-is Marketing 52

Housing Wire

JULY 26, 2022

Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. What I have always tried to do with my economic work is to connect the dots or show a pathway to why something could happen.

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Sales Construction Mortgages Title 501

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.

Agents

Fancy Pants Homes

JULY 26, 2022

Lady Gaga is a true powerhouse whose achievements go from redefining pop music to stealing the spotlight at the biggest film festivals. But despite her outgoing, wild public persona, Lady Gaga — by her real name Stefani Joanne Angelina Germanotta — is fairly private when it comes to her personal life. And while she doesn’t flaunt it, the self-made American singer, songwriter, and actress is said to have a personal net worth of $320 million, and is one of the world’s best-

Design 24

Design As-is Agents 24

Housing Wire

JULY 26, 2022

Home-price growth nationwide downshifted further in May, posting a 19.7% annual gain, compared with a 20.6% increase in March and a 20.4% jump in April, the latest S&P CoreLogic Case-Shiller Home Price Indices report shows. The report’s 10-City Composite Index recorded an annual increase of 19%, down from 19.6% the prior month. The 20-City Composite Index posted a 20.5% annual gain, down from 21.2% in April.

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Sales Banks Finance Marketing 368

HomeLight

JULY 26, 2022

You’re driving around a neighborhood you love, and then up there in the distance, you see a sign in a yard. Is it a yard sale? A political sign? A contractor’s information? No…it’s a for sale sign!!! But this sign looks different from the real estate agent signs you usually see and it lists the homeowner’s contact information. You’ve found yourself a FSBO home.

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Earnest money deposit Purchase and sale agreement Title Inspection 94

Realty Biz

JULY 26, 2022

If you are a first-time homebuyer or seller, employing the services of a real estate professional could be one of your best decisions. They may seem a bit expensive but they have the knowledge that you do not possess when it comes to the house buying process. This will help you get hold of good bargains. In addition, it would be more efficient in raising funds for your purchase and help you avoid hassles after closing.

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Investor Agents Loans Closing costs 104

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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.

Agents

Real Trends

JULY 26, 2022

Pandemic homebuying hotspots with steep home price appreciation are the most susceptible to a housing market downturn if the U.S. enters into a recession , according to a recent report from Redfin. The report found that popular migrations such as Boise, Idaho, Phoenix, and Tampa are the most likely to feel a big impact if gloomy economic scenarios materialize.

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Debt-to-income ratio Equity Agents Marketing 90

Realty Biz

JULY 26, 2022

Research shows that the U.S. housing markets are cooling, with more than 25% of sellers slashing their prices this year. Rising interest rates are the main driver behind this downturn. Despite this, some housing markets remain as hot as ever, with home buyers clamoring for real estate in these growing cities. California has vanished from most lists of places to invest in real estate, while the easterly sunbelt states continue to draw the crowds.

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Marketing Banks Finance Technology 110

Real Trends

JULY 26, 2022

After a slight increase in May, new home sales again fell in June, according to data released Tuesday by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. Sales of new single-family homes in June were at a seasonally adjusted annual rate of 590,000, down 8.1% from May and down 17.4% compared to a year ago. The sales pace is in line with that of April 2020, right after the onset of the COVID-19 pandemic.

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Sales Industrial Development Mortgages 81

Eye on Housing

JULY 26, 2022

New single-family home sales declined in June due to rising mortgage rates and worsening affordability conditions. Per Freddie Mac, the 30-year fixed rate mortgage was 5.10% at the end of May and climbed to 5.70% by the end of June. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes.

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Sales Fixed-rate mortgage Development Mortgages 100

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.

Sales