Wed.Nov 30, 2022

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Voxtur CEO on progress in the housing industry

Housing Wire

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s TECH100 award are now open through Friday, December 23, 2022. Click here to nominate your organization. Each year, the TECH100 awards recognize the 200 most influential tech companies in mortgage and real estate that are working to improve the housing industry through tech innovation.

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Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

Keeping Current Matters

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008.

Marketing 265
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Black Knight’s Borrower Digital leverages connectivity with Empower to give lenders a competitive edge

Housing Wire

Borrower Digital is Black Knight’s point-of-sale (POS) solution that is built using responsive-design to be used easily from any web-enabled device. The solution leverages the power of innovative, integrated technologies to not only simplify the mortgage application and approval process for borrowers, but also to improve the backend process for loan officers.

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Replacement Roofing: Warning Signs You Need a New Roof

Maximum Exposure Real Estate

Signs Roofing Replacement is Necessary One of the questions that any homeowner should be asking themselves if they have a roof that is getting up in age is, “how do I know if replacement roofing is necessary? For obvious reasons, your roof is one of the most essential parts of your home. Without it, you […]. The post Replacement Roofing: Warning Signs You Need a New Roof appeared first on Maximum Real Estate Exposure.

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The 2025 Real Estate Roadmap to Success

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.

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Mortgage group asks regulators to stop FICO’s price hikes of up to 400%

Housing Wire

Credit reports are getting a lot pricier, and some mortgage lenders are none too pleased about it. In a letter dated Nov. 22, the National Consumer Reporting Agency told its members that the “vast majority” of mortgage lenders would see price increases between 10% and 400% from Fair Isaac Corp. (FICO). The letter, signed by NCRA Executive Director Terry Clemans, said there would be “a wholesale price increase of less than 10% for the top tier of approximately 46 lenders, about

Mortgages 418
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2023: The Year of the Homebuyer? Our Bold Predictions on Home Prices, Mortgage Rates, and More

Realtor.com

Photo-Illustration by Realtor.com / Getty Images (4) It’s safe to say we’ve never encountered a housing market nearly as unpredictable as the one we’re in right now. After months of navigating wild fluctuations, homebuyers, sellers, owners, and renters are now desperately trying to read the tea leaves to figure out where real estate prices, inventories, sales, and mortgage rates are going in the coming year.

Mortgages 122

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How to Pick a Real Estate Agent for Buying a Home

HomeLight

Today’s housing market looks very different from what we’ve experienced in the past few years. Rising interest rates and some sellers’ inability to adjust to a different demand has complicated market conditions. With this shifting landscape in mind, arguably the most important first step in your homebuying journey is knowing how to pick a real estate agent.

Agents 111
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Banc of California sues Sprout Mortgage, Planet Home Lending 

Housing Wire

A recent lawsuit filed by Banc of California is claiming that mortgage lenders and servicers Sprout Mortgage (now defunct) and Planet Home Lending owe $1.5 million related to the proceeds of two notes it owned and funded. In addition, the bank alleges that Sprout’s transactions with its warehouse lines have resulted in a deficiency of $2 million since the start of July 2022.

Lending 417
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Should You Flip a House in 2023? Well, It Depends

HomeLight

Home improvement shows have popularized the concept of “flipping” houses, bringing this segment of the real estate industry into the living rooms of everyday Americans, even inspiring some to take on the challenge of buying a home needing TLC, updating the home with old-fashioned sweat equity, and selling for a nice profit. In fact, the rise in home prices from 2020-2022 led to a record 1 in 10 houses sold being flips in Q1 2022.

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Pending home sales are down 37% from last year

Housing Wire

Pending home sales continued to fall in October, recording a 4.6% month-over-month drop that resulted in an index reading of 77.1, according to data released Wednesday by the National Association of Realtors. This is the fifth consecutive month of declines. Pending home sales have now fallen in 11 of the last 12 months. Year over year, the PHSI was down 37.0%, marking the 17 th consecutive month of annual declines.

Sales 397
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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30-Day Stay: A Medium-Term Strategy For Long-Term Financial Freedom

Bigger Pockets

If you are looking for a tactical investing roadmap on what medium-term rentals are and how to get started right away, 30-Day Stay: The Real Estate Investor’s Guide to Mastering […].

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Point-of-Sale Solutions Special Report

Housing Wire

In today’s market, lenders are looking to differentiate themselves from the competition by providing a superior experience for the borrower. At the same time, they want to improve the experience for loan officers by streamlining as much as they can and providing valuable efficiencies. The two companies featured in this section offer point of sale solutions that leverage technology and connectivity to ease the mortgage process for both LOs and borrowers.

Sales 386
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Canadian Auto Loan Delinquencies Surge Higher As Credit Signals Change In Direction

Better Dwelling

Canada’s highly indebted households are starting to show serious signs of debt overload. Equifax data shows the rate of auto loan delinquencies hit a rarely seen level in Q3 2022. Consumer credit in general has seen rates begin to climb as interest rates rise. Housing remains the one exception, though that’s likely to change as […].

Loans 109
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Cloudvirga’s POS platform provides loan officers with everything they need to prepare a loan in minutes

Housing Wire

One pain point affecting lenders today is around how they can differentiate themselves from the competition and increase efficiencies. Cloudvirga’s platform solves for both by creating the best experience for borrowers and loan officers. Cloudvirga’s POS is an experience-driven platform that gives lenders access to the tools they need in an easy-to-use, responsive UI.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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Easy Real Estate Marketing Tweaks that Make a Big Difference

Agent Fire

Small shifts in your real estate digital marketing plan can make a huge difference. Even the tightest marketing plans will benefit from these smart tweaks! Easy Real Estate Marketing Tweaks that Make a Big Difference is just one of many great real estate strategies on The Spark.

Marketing 108
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Mark Wahlberg’s former home — with a two-story gym — wants $28.5 million

Fancy Pants Homes

It’s no secret that Mark Wahlberg loves to live big. The actor — who rose to fame as a member of the rap group Marky Mark and the Funky Bunch and as a Calvin Klein model before launching a successful film career — often makes headlines with his showstopping abodes. His current home, a sprawling 6-acre estate with a palatial 30,000-square-foot mansion in the ritzy community of North Beverly Park was listed for sale earlier this year for a staggering $85.7 million.

Branding 105
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Don’t Discount The End Result!

Toronto Realty Blog

TorontoRealtyBlog. I rarely wade into these waters. Discussing the value of a real estate agent in an open forum is never going to convince those who already have their minds made up. And I can’t exactly blame people, since I regularly go on record saying that an overwhelming majority of licensed Realtors in Toronto are complete garbage. So can I expect support when I talk about the value of a top agent?

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COLDWELL BANKER AMERICAN HOMES LAUNCHES THE AGENCY @ AMERICAN HOMES

Coldwell Banker

Affiliate serving New York City Metro/Long Island area with offices in Nassau, Suffolk, Queens and Brooklyn. The post COLDWELL BANKER AMERICAN HOMES LAUNCHES THE AGENCY @ AMERICAN HOMES appeared first on Coldwell Banker Blue Matter.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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9 of the Best Real Estate Investment Locations in Oregon

HomeLight

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. If you are considering a real estate investment in Oregon, HomeLight always recommends doing your own research to determine which investment option is best for your situation. Investing in real estate can be a great way to earn money over time.

Investor 104
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How to Use Your Real Estate Newsletter to Gain More Clients

Realty Biz

With over 2 million realtors active in the US, you need to do what you can to get ahead of the competition. One of the best things you can do for lead generation is to start a real estate newsletter. Every small business prioritizes content creation, and a real estate newsletter allows you to connect with your existing customers while appealing to a whole new crop of potential buyers and sellers.

Land 99
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Expert Advice for Selling Your Home During the Holidays

HomeLight

Waiting until the Spring to put your house on the market can be a missed window of opportunity. Contrary to popular belief, many homes also sell between November and January every year. In fact, more than one million homes get sold every winter. The U.S. real estate market experienced $1,368,000 million home sales between November 2021 and January 2022.

Staging 98
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Pros and Cons of Paying All Cash For Your Home

Realty Biz

Certainly, not everyone can pay all cash for a home. But if you have the ability, should you? There are pros and cons to that decision that you need to apply to your specific situation. As the housing market softens, there is less need to make an all-cash offer that moves you to the front of the line when multiple offers are being made. On the other hand, what interest rates are hovering around 7%, do you want to take out a loan for $400,000 or more?

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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17 Christmas Real Estate Ideas to Get You More Clients in 2023 (+ Card Templates)

The Close

The holiday season is here. And we’re ready to help you get into the holiday spirit with some creative Christmas real estate ideas to warm up your holidays. From social media campaigns to networking events to sending postcards, we’ve got you covered. As your real estate business slows down, it’s the perfect opportunity to put a little extra time and effort into your marketing to jump-start your business in 2023.

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6 of the Top We Buy Houses for Cash Companies in San Francisco

HomeLight

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of San Francisco area companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more.

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The Best Day of the Week for Buyers to Find Discounted Houses (And Why You Shouldn’t Wait Until Then to Make an Offer)

Lighter Side of Real Estate

When you’re in the market to buy a house, of course you want to find a great deal, but it probably seems like most houses are priced higher than they’re worth. That happens a lot; many homeowners initially list their house for more than they should. And sometimes they get it! In the past few years, when the rates were super low, and there were more buyers clamoring for a house than there were houses for sale, sellers could get away with listing their house a little on the higher side.

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5 of the Top We Buy Houses for Cash Companies in the Bay Area

HomeLight

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Bay Area companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more.

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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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4 questions to ask yourself before forming a real estate team

Real Trends

For the past few years, building a real estate team has been an all-consuming goal for many real estate professionals. Sure, it seems glamorous to have 10 to 12 people “working for you” and doing fun photo shoots of your group stepping off a private jet. However, once you look beneath the surface, leading a team might not be the best option for your business.

Agents 94
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Feels Like Fed Easing

BubbleInfo

This isn’t exactly new news – most prognosticators figured the Fed would only raise their rate by 0.5% in December, instead of the 3/4% hikes recently – but the stock market liked it (up 628) and the 10-year yield dropped a tenth. All we need is mortgage rates to be in the 5s for selling […].

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How to Read Your Property Insurance Policy

Bigger Pockets

Purchasing adequate landlord or property insurance for your investment property is vital if you want to protect your income and maintain long-term financial security. However, the coverage to which you’re […].

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Tips for giving back to your community this holiday season

Real Trends

Real estate professionals play a pivotal role in their communities. And among every community, there are those who go above and beyond to make a genuine impact in the lives of their neighbors. In fact, 2022 has been an exceptionally busy year for real estate professionals when it comes to community giving. According to the National Association of Realtors CARE (Community Aid and Real Estate) report, Some 85% of Realtor associations held events that encourage their members to volunteer and 79% en

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.