BubbleInfo
JUNE 7, 2022
Realtors are saying that the market is slowing, and Marc D. suggested that we define what that means: A slowing market is when fewer active listings are priced to sell. It is a result of… Fewer buyers – Higher mortgage rates priced out some or most of the buyers hoping to finance their purchase. They […].
Housing Wire
JUNE 7, 2022
Blink and you’ll miss your dream home. So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. That’s according to Black Knight , which just released a white paper that studies how long it would take to sell all the homes currently listed for sale in a given market based on a prevailing sales rate, if no new listings are added (a metric it calls “months of remaining inventor
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Keeping Current Matters
JUNE 7, 2022
Are you thinking about selling your current home?
Housing Wire
JUNE 7, 2022
Equifax informed Fannie Mae and Freddie Mac last week that a “coding issue” may have resulted in erroneous consumer credit scores and credit data the company reported for about three weeks. It is not clear how many of Fannie Mae’s acquired mortgage loans were potentially impacted, but the problem could have affected credit data from March 17 to April 6.
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
Brownstoner
JUNE 7, 2022
The 122-plus-year-old Jacob Dangler mansion at 441 Willoughby Avenue was calendared by the Landmarks Preservation Commission in a last-minute, surprise move today that could prove a huge victory for local residents and preservationists who have been fighting to save the building from a pending demolition. The vote by the LPC came… Read More > The post In Surprise Move, Landmarks Saves Beloved Bed Stuy Mansion From Imminent Demise appeared first on Brownstoner.
Housing Wire
JUNE 7, 2022
Ginnie Mae , a guarantor for federally backed loans, announced in late May that it would make enhancements to its digital collateral program. One of the most notable changes is that the agency will reopen its program to new participants starting June 21. The agency said that the program has been successful and that it wants to expand the amount of eIssuers that can participate.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JUNE 7, 2022
Consumers’ concerns about housing affordability are squeezing would-be homebuyers out of the market, according to Fannie Mae ‘ s Home Purchasing Sentiment Index , which tracks the housing market and consumer confidence to sell or buy a home. The index score dropped by 0.3 points to 68.2 in May, inching toward its 10-year and pandemic-low of 63, recorded in April 2020. .
Brownstoner
JUNE 7, 2022
In the eleventh hour of the race to save the 122-year-old mansion at 441 Willoughby Avenue in Bed Stuy, Council Member Chi Ossé has joined the chorus with an email to the Landmarks Preservation Commission calling for the historic building’s landmarking. “I wanted to reach out to you to let you… Read More > The post Council Member Ossé to Landmarks: Landmarking 441 Willoughby Avenue Is the Best Decision for All appeared first on Brownstoner.
Housing Wire
JUNE 7, 2022
Freddie Mac has announced a cash tender offer for some $2.2 billion in outstanding notes across eight vintage credit-risk transfer (CRT) transactions conducted through the agency’s Structured Agency Credit Risk, or STACR, program. The offering price for the notes outstanding in the current offering , STACR 2022-TO2 , ranges from $1,000.63 to $1,017.81 per thousand dollars of outstanding principal amount, depending on the series vintage.
Eye on Housing
JUNE 7, 2022
Recent developments in the first quarter of 2022 per NAHB’s Home Building Geography Index (HBGI), indicate single-family home building slowing in suburbs, with most other regional geographies following suit. Following the aftermath of COVID-19, home buyer preferences for the suburbs have eased. Supply-chain challenges and unfavorable economic conditions have reduced the pace of single-family residential construction across all regional submarkets.
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.
Housing Wire
JUNE 7, 2022
The Federal Housing Finance Agency ‘s (FHFA) inaugural mission report, released Monday, offers a glimpse into the fair lending performance of Fannie Mae and Freddie Mac , showing the agencies continue to back fewer loans to Black and Latino applicants, despite an uptick in applications submitted by those minorities. The regulator, which supervises Fannie Mae and Freddie Mac’s fair lending activities, said Black and Latino borrowers respectively represented 6.3% and 14.2% of all mortgages t
The Mortgage Report
JUNE 7, 2022
Learn the ins and outs of buying a new construction home, including new construction loan types, interest rates, and the loan process.
Housing Wire
JUNE 7, 2022
New York-based AmTrust Title Insurance Company on Tuesday introduced MidPoint , its new title closing solution enabling title agents to work outside their geographic areas to serve clients nationwide. “MidPoint offers agents three different levels of transaction services – depending upon their need – enabling them to offer their clients a truly nationwide service from escrow to close,” said Jason Gordan, president of AmTrust Title, in a statement.
The Mortgage Report
JUNE 7, 2022
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday, as they have on four of the last five working days. Together, those increases have wiped out nearly all […].
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Housing Wire
JUNE 7, 2022
Few other industries must deal with the level of complexity of home finance. From mortgage origination to servicing, companies are constantly grappling with high volume and stringent regulatory oversight while managing a large cohort of vendor partners. Add to those challenges increased competition in a rising interest rate environment that is choking off refinance business, driving overall mortgage volume down significantly.
HomeLight
JUNE 7, 2022
The time has come to apply for a mortgage and shop for a new house. If this is your first time going through the process — or even if it’s been awhile — the first question on your mind is probably “How long will it take to get preapproved for a mortgage?” followed closely by “What do I need to do to apply for a mortgage?”. Once you’ve submitted all of the documentation that your lender needs, it can take as little as one business day to be preapproved for a mortgage.
Housing Wire
JUNE 7, 2022
HW Media’s audience is very interested in understanding the macroeconomic factors affecting housing. Top-performing articles over the last month include: 5 predictions for the second half of the 2022 housing market , by Selma Hepp, deputy chief economist at CoreLogic. Opinion: Understanding trends is key to predicting the next housing shift , by Shashank Shekhar, founder and CEO of InstaMortgage.
Realty Biz
JUNE 7, 2022
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 Lynda in IL: Hi Brian, I don’t really have a question. I just wanted to share with others the best real estate decision that I’ve made as I enter old age.
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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.
The Close
JUNE 7, 2022
Listen, we know it’s hard out there right now, especially for buyer’s agents who are duking it out over the disintegrating housing inventory. But sometimes, the best medicine is a good giggle. So we scoured the internet for the best memes and created some of our own. Enjoy this list of the funniest memes that poke fun at our current situation. Hopefully, a few of these will put a smile on your face.
Brownstoner
JUNE 7, 2022
This week, a look back at four of our featured listings from six months ago focuses on homes in Cypress Hills, Dyker Heights, Williamsburg and Bed Stuy. How did they fare? Behind the classic early 20th century row house facade, this Cypress Hills two-family has a bit of contemporary design flair… Read More > The post Brooklyn Real Estate Listings Six Months Later: Three Sold, One Still Available appeared first on Brownstoner.
Real Trends
JUNE 7, 2022
Richard Silver, a sales representative with Sotheby’s International Realty Canada in Toronto, appreciates being a member of REALM , an emerging international network of top-performing real estate professionals. “We were in competition for a high-end listing,” Silver says. “When we showed the client REALM’s worldwide reach, we secured the listing. It gives you an extra credential that sets you above your competition.”.
Brownstoner
JUNE 7, 2022
While not huge, this one-bedroom loft in an early 20th century Downtown Brooklyn commercial building has high ceilings and big wraparound windows, as well as an appealing country style kitchen. The minimalist white interior is punctuated by custom maple closets. The striking kitchen has a black and white checkerboard floor, wood… Read More > The post Downtown Brooklyn Loft Co-op With High Ceilings, Country Kitchen, Marble Asks $1.05 Million appeared first on Brownstoner.
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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.
Realty Biz
JUNE 7, 2022
JPAR® – South Florida Living is pleased to announce the expansion of its Florida operations with the recent acquisition of Signature Invest Realty LLC. Owners, Chris, Lisa, and Michael Schlitz and Jeremy Constantino acquired Signature Invest Realty of Orlando on June 3, 2022. “We’re thrilled to welcome Jose Vega and Signature Invest Realty to our growing organization,” said Chris Schlitz, CEO, JPAR – South Florida Living.
Brownstoner
JUNE 7, 2022
Award-winning celebrity chef and cookbook author Rocco DiSpirito will host Dan’s Chefs of the North Fork, a gastronomic gathering that combines locally sourced food with the culinary talents of top chefs. Attendees at the event, presented by Yieldstreet, will enjoy an assortment of hors d’oeuvres followed by a six-course tasting menu.… Read More > The post Rocco DiSpirito Hosts Dan’s Chefs of the North Fork on June 25 appeared first on Brownstoner.
Real Trends
JUNE 7, 2022
Real estate software and technology company zavvie has replaced the traditional Seller Preference Report with its Modern Marketplace report , the company announced Tuesday, to reflect the changing landscape of proptech and fintech options now available to homebuyers and sellers. The report, also released Tuesday, examines the changing U.S. real estate landscape during the first quarter of 2022 by reviewing four major categories of technological services: power buyers, iBuyers, listing concierge
Brownstoner
JUNE 7, 2022
In the News ‘In the Stuy’ Musical Teaches Confidence, Power and Teamwork [NYT] East Flatbush School Offers Students Resources After Uvalde Shooting [BK Paper] Survey Asks Bed Stuy What to Do With Historic Armory Property [Patch] City Faces Lawsuit After NYPD Van Killed Man in Crown Heights: Records [Patch] Guns Into Gift Cards, and iPads,… Read More > The post Daily Links: Wage Theft, Landlord Neglect Complaints Linked to Well-Known ‘Burg Mail Drop appeared first on Brownstoner.
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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.
Realty Biz
JUNE 7, 2022
Are you getting into real estate this year? Or are you simply trying to sell a house? Either way, the real estate marketing world can be quite a tough one. With millions of homes being sold each year, it’s important that you are using the right real estate keywords if you are trying to buy or sell a home. So we at Realty Biz News decided to give you a little headway.
Real Trends
JUNE 7, 2022
Part I of this article discussed what goes into valuing a real estate agent’s business, including discretionary earnings, add backs, cost savings and revenue enhancers. . We’ve determined what the profit was , done our deductions and add backs, established any cost savings or revenue enhancements, reviewed the balance sheet, and taken a look at any documents the seller has that are relevant to the sale.
Realty Biz
JUNE 7, 2022
Demand for mortgages in the U.S. has fallen to its lowest level since December 2018, even though there was a slight decline in interest rates last week. The Mortgage Bankers Association reported that mortgage applications fell by a single percentage point last week, compared with the week prior. More telling is that mortgage application volume was down 14% from one year ago.
The American Genius for Real Estate
JUNE 7, 2022
(EDITORIAL) Telling someone to chill when stressed at work is useless advice, so let's discuss meaningful, tangible ways anyone can stress less at work. The post 4 solutions to lessening stress in your work day appeared first on The American Genius Real Estate.
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