Housing Wire
OCTOBER 6, 2021
An amended S-4 filed by Aurora Acquisition Corp. with the Securities and Exchange Commission last week gave the mortgage industry a glimpse into how its partner Better.com fared in the second quarter. And it wasn’t great. The digital mortgage lender, which plans to go public via a special purpose acquisition company (SPAC), reported a net loss of $86 million in the second quarter.
Keeping Current Matters
OCTOBER 6, 2021
There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low , prices can rise significantly. Understanding the impact both supply and demand have can provide the answers to a few popular questions about today’s housing market: Why are prices r
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Housing Wire
OCTOBER 6, 2021
Fannie Mae announced Wednesday that, starting in 2022, it will allow third-parties to fulfill the homeownership education requirement on some affordable mortgages. Third-party homeownership education providers will still have to be aligned with the National Industry Standards for Homeownership Education and Counseling or with the Department of Housing and Urban Development Housing Counseling Program, if it is not a HUD-approved counseling agency.
Lighter Side of Real Estate
OCTOBER 6, 2021
It’s one thing for a real estate agent to tell you about the dangers of buying big-ticket items (like a car), racking up your credit card bills, or opening up new credit cards until your mortgage is approved and closed. But it hits a whole lot closer to home when a home buyer warns you of the danger through tears of sadness. Watch Cassidy Gard’s emotional TikTok video about how simply opening a Home Depot credit card for a $9 purchase is likely going to cause her not to be able to buy a house.
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Housing Wire
OCTOBER 6, 2021
Mortgage application volume dropped 6.9% for the week ending Oct. 1, as higher rates reduced borrowers’ waning appetites for refis even further , according to the Mortgage Bankers Association (MBA). On an unadjusted basis, the index fell 7% in the period. Pushing the decline was the refinance index , which dipped by 10% from the previous week to its lowest level in three months.
Realty Biz
OCTOBER 6, 2021
Getting traffic to your real estate website is important if you want to find quality leads – qualified buyers who are already in the market to buy. But getting quality traffic can be difficult if you don’t know where to start. Here are the top five sources of real estate traffic. . Top Five Ways to Get Traffic for Your Real Estate Company. 1. Blogging.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Better Dwelling
OCTOBER 6, 2021
Canadians were given a boost to affordability when rates were cut at the start of the pandemic. The Bank of Canada‘s housing affordability index fell to the most affordable level in over a decade. By cutting interest costs, households can finance debt more cheaply, improving affordability. It also happens to increase demand though, pushing home […].
Housing Wire
OCTOBER 6, 2021
The Consumer Financial Protection Bureau’s ( CFPB ) fifth biennial report to Congress on the consumer credit card market was released last week, highlighting an upwards trend in adoption of financial technology. The CFPB found digital engagement – whether reflected in enrollment in online portals, enrollment in mobile apps, opt-in rates to e-statements over paper equivalents or electronic payment of credit card bills – is growing consistently across all age groups and on nearly every platf
First Team Real Estate
OCTOBER 6, 2021
From the hills of Los Angeles to prestigious beach towns, Southern California is home to some of the most affluent areas in the country. This article reveals the ten richest and most exclusive neighborhoods in SoCal right now. Southern California is one of the most desirable places to live in the United States. Consequently, the area is home to some of the wealthiest and most exclusive neighborhoods in the country.
Housing Wire
OCTOBER 6, 2021
I have always had what I thought was a pretty good understanding of the real estate and mortgage industry. Growing up I was that kid who begged his parents for the real estate section from our local newspaper on the weekends and even wanted to be an architect before I realized how much math it took (and trust me if anything I learned in my accounting class from college it was that I do not like math).
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BubbleInfo
OCTOBER 6, 2021
There might be a few stragglers left to report, but this gives us a good reflection of how the summer wrapped up after the frenzy started cooling in June: NSDCC September Sales Remember when sales prices were lower than list prices? The median sales price in September is 5.3% higher than the median list price. […].
Housing Wire
OCTOBER 6, 2021
In 2020, non-QM experienced a liquidity crunch, while agency lending experienced record volumes and heavy margins within that volume. Now, with the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Non-QM is helping lenders capture more volume, keep their staff busy and generate a higher margin on loan production.
The Mortgage Report
OCTOBER 6, 2021
Today’s mortgage and refinance rates Average mortgage rates rose yesterday. Although we’ve seen some falls recently, those rates are significantly higher than they were in mid-September. And, overall, they’ve had […].
BubbleInfo
OCTOBER 6, 2021
Elon Musk may have just surpassed Amazon Founder Jeff Bezos as the richest person in the world (at time of press), but with a net worth of $191.4 billion and owning the properties he does, he’s not bound to lose any sleep over the news. Bezos, like other billionaires, has a complex and wide-ranging real […].
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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.
The Mortgage Report
OCTOBER 6, 2021
The 2021 housing market has been tough. But is it still a bad time to buy a house? Fall markets are typically better, and 2021 should be no exception.
RIS Media
OCTOBER 6, 2021
Editor’s Note: This article is the first part of a two-part series. Tune in next week to read about how you can refine your updates. . As a real estate professional, you need to leverage every social media platform available to you to stay on top of the game, including LinkedIn. So how can you give your LinkedIn profile a much-needed makeover?
Sotheby's International Real Estate
OCTOBER 6, 2021
Sotheby’s International Realty today announced that Madison Estates has joined the network and will now operate as Madison Estates Sotheby’s International Realty. The addition comes at a time the city is seeing a resurgence of interest and increases in significant closed sales. The company has been in business for nearly 70 years, and this will mark the brand’s fourth affiliated office in the borough.
RIS Media
OCTOBER 6, 2021
From iBuyers and Power Buyers to concierge and virtual staging, the real estate industry has seen several disruptors in the past decade. With them has come a fear that tech will replace the personal touch that agents provide. Research shows that despite disruptions, including instant offers that aim to cut real estate agents out of the transaction entirely, buyers and sellers are leaning on agents’ expertise more than ever.
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.
First Team Real Estate
OCTOBER 6, 2021
With more than 30 years of experience coaching, training, and motivating agents, Fred Nassab knows what it takes to succeed in real estate and has proven it time and again. His passion for inspiring success and helping new and experienced agents build their book of business secured his Seal Beach-Rossmoor Office rank as #1 in overall units sold company-wide for 2020.
RIS Media
OCTOBER 6, 2021
Matthew Feldman has been named Chairman of the Board of Managers at Common Securitization Solutions (CSS) on an interim basis. The move will assist in a transition to “better align the corporate governance structure with its core mission of supporting the infrastructure for Fannie Mae and Freddie Mac mortgage-backed securities issuance,” according to the Federal Housing Finance Agency (FHFA). “I am honored to have been appointed by Acting Director Thompson as the chairman of th
Better Dwelling
OCTOBER 6, 2021
Dust off the disco ball and rolled up dollar bills, because the 1970s are back. At least the signs of 70s-style stagflation are forming, according to one of Canada’s Big Six banks. National Bank of Canada (NBC) chief economist Stéfane Marion warned clients of the rising risk of global stagflation. Rising oil prices, soaring food […]. The post Global Stagflation Reminiscent of The 1970s Is Forming, and It’s Bad News: National Bank appeared first on Better Dwelling.
RIS Media
OCTOBER 6, 2021
This month’s National Association of REALTORS® (NAR) Power Broker Roundtable provides a long-term outlook for the real estate industry and brokerages. Moderator: Cindy Ariosa, Senior Vice President, Regional Manager, Long & Foster Real Estate, Chantilly, Va., Liaison for Large Firms and Industry Relations, National Association of REALTORS®.
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
OCTOBER 6, 2021
Sure to whet the appetite of any old-house lover, this Park Slope row house has a rare level of intact detail, including an antique stove and skeleton keys still in their locks. Fretwork, a pier mirror, marble sinks, mantels and built-ins are all on display inside the 1890s two-family. Perhaps… Read More > The post A Park Slope Townhouse Packed With Original Details, Including Marble Sinks, Asks $4,999,999 appeared first on Brownstoner.
RIS Media
OCTOBER 6, 2021
A paint refresh is the easiest way to transform a space without committing to a complete design overhaul. If you’re craving a deeper, more decadent atmosphere, adorning your room with fall hues will create a luxe, seasonal space. Whether you want a deep pecan hue, a rich, burgundy color, or the gleaming color of golden hour, a fresh application of paint can bring these hues into your home.
Point2Homes
OCTOBER 6, 2021
Image: Alexander Raths / Shuttterstock.com. Buying a new home is always an exhilarating experience. In some markets, you might consider putting in an offer without visiting the property in advance. However, is it a sensible approach to one of the most significant financial transactions many people ever undertake? Let’s find out. When Is Buying a House Sight Unseen a Good Idea?
RIS Media
OCTOBER 6, 2021
Delta Media Group recently announced a “Delta Fresh” ad campaign, which debuted in the September issue of its Real Estate Marketing & Technology magazine. The new ads convey that Delta delivers the “fastest, freshest data there is,” with the alternative being less or “almost fresh.” Based on this theme, Delta’s product and service offerings are individually featured, including websites, CRM, SEO, email marketing, showing software (introducing its new
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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.
Coldwell Banker
OCTOBER 6, 2021
The CB Supports St. Jude partnership to continue in 2022. The post Coldwell Banker Receives New Partner of the Year Award from St. Jude Children’s Research Hospital, Raises Half Million Dollars Within First Year of Partnership appeared first on Coldwell Banker Blue Matter.
RIS Media
OCTOBER 6, 2021
On Sept. 14, RISMedia held its annual Real Estate CEO & Agent Leadership Exchange , co-presented this year by the National Association of REALTORS® (NAR). The exclusive full-day, virtual event attracted thousands of industry professionals and featured broker- and agent-focused sessions with some of real estate’s most successful and innovative executives, brokers, agents, coaches and influencers.
Realtor.com
OCTOBER 6, 2021
Odds are you have a bathroom (or two, or three) in your home. But a "spathroom"? That's the latest rage, according to a new survey by Houzz. . The post Ahh, ‘Spathroom’: Here Are the Top Bathroom Trends of 2021 appeared first on Real Estate News & Insights | realtor.com®.
RIS Media
OCTOBER 6, 2021
Whether you’re hosting family and friends, or it’s just your immediate family, the kitchen island is inevitably the place where people end up gathering. A kitchen island ends up being a communal spot to enjoy coffee, hors d’oeuvres, a glass of wine and tell stories. A traditional kitchen island layout will work in nearly any kitchen design. Expanding an island to offer more space for sitting, lounging and prepping food will bring additional comfort to your leisurely mornings or long nights gathe
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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