Tue.Jun 07, 2022

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What A ‘Slowing Market’ Means

BubbleInfo

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 […].

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Almost 80% believe it’s a bad time to buy property

Housing Wire

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. .

Mortgages 382
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Why the Growing Number of Homes for Sale Is Good for Your Move Up

Keeping Current Matters

Are you thinking about selling your current home?

Sales 221
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Ginnie Mae to open eNote program to more participants

Housing Wire

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.

Loans 393
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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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In Surprise Move, Landmarks Saves Beloved Bed Stuy Mansion From Imminent Demise

Brownstoner

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.

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Inside the Kellogg House

Sotheby's International Real Estate

Among the list of people and things easily considered quintessentially American are the illustrious family name of Kellogg and the midcentury modern design concept. This uncommon 1948 home perched near the apex of the northern slope of Potrero Hill in San Francisco exemplifies the iconic aesthetic that has come to typify American design of its era. It was designed by esteemed period architect F.J.

Design 123
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AmTrust Title introduces MidPoint

Housing Wire

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.

Title 379
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Competing for the American Dream in a Rigged System

GeekEstate

[Editor’s Note: Below is the full text of Part I of our 214th Weekly Transmission, originally delivered direct to the inbox of more than 500 GEM members on June 2nd, 2022. Some links included below are to members-only articles.]. Imagine sitting down to play a game of Monopoly. You’re dealt the standard share of cash. Someone else chose the racecar so you took the top hat.

Investor 117
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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

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.

Lending 356
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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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Council Member Ossé to Landmarks: Landmarking 441 Willoughby Avenue Is the Best Decision for All

Brownstoner

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.

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May: Market Update for Housing Marketers

Housing Wire

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.

Marketing 206
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Ask Brian: Downsizing Tips for Seniors

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 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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Large Metro Suburban Single-family Construction Slows

Eye on Housing

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.

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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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Mortgage and refinance rates today, June 7, 2022

The Mortgage Report

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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Downtown Brooklyn Loft Co-op With High Ceilings, Country Kitchen, Marble Asks $1.05 Million

Brownstoner

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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REALM’s global network brings together top-performing agents

Real Trends

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.”.

Agents 94
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Brooklyn Real Estate Listings Six Months Later: Three Sold, One Still Available

Brownstoner

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.

Design 97
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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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JPAR® – South Florida Living Expands with Acquisition of?Signature Invest Realty LLC

Realty Biz

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.

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Guide to buying a new construction home in 2022

The Mortgage Report

Learn the ins and outs of buying a new construction home, including new construction loan types, interest rates, and the loan process.

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How Long Does It Take to Get Preapproved for a Mortgage? Here’s Your Ballpark Guide!

HomeLight

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.

Mortgages 109
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Rocco DiSpirito Hosts Dan’s Chefs of the North Fork on June 25

Brownstoner

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.

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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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12 Hilarious Memes That Perfectly Describe the Heartache of Today’s Low-Inventory Market

The Close

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.

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Realty Biz News Top 50 Real Estate Keywords for 2022

Realty Biz

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.

Agents 79
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Zavvie report shows how tech firms are changing real estate

Real Trends

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

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Daily Links: Wage Theft, Landlord Neglect Complaints Linked to Well-Known ‘Burg Mail Drop

Brownstoner

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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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.