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 218
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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 397
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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.

Marketing 131
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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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The mortgage market right-sizing is well underway. When will normalcy return?

Housing Wire

Relief from the rate-driven volume reduction afflicting both the primary and secondary mortgage markets is expected to be elusive for some time to come, at least in terms of any renewed refinancing boost. That’s according to David Petrosinelli, a New York-based senior trader with InsphereX , a tech-driven underwriter and distributor of securities that operates multiple trading desks around the country.

Mortgages 397
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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

More Trending

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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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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 384
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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 […].

Mortgages 105
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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 362
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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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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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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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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?

Title 101
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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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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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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 101
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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.

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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 91
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10 Ways to Transform Your Patio Into an Outdoor Entertaining Oasis

Realty Biz

Summer is in full swing, which means it's patio season. Like most homeowners, you probably use your patio to entertain guests. But if your patio is looking a little lacklustre, don't worry. We've teamed up with Fair Dinkum to help you transform your patio into an entertaining outdoor oasis. So, we've got you covered whether you want to create a relaxing retreat or an energetic party zone.

Design 87
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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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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

As-is 84
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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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5 marketing and lead generation ideas for thrifty new agents

Real Trends

So you got your real estate license, you found a brokerage firm you’re happy with — now what? Are you just going to wait for those calls to come in? If so, I have some bad news for you. It’s not likely to happen unless you invest some time, energy and money in marketing and lead generation. . Marketing involves getting the word out about your business.

Agents 82
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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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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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Showing activity continues to slow in the housing market nationwide

Real Trends

Home showing activity continued to slow in October as prospective homebuyers encountered mortgage rates not seen for nearly two decades, according to ShowingTime’s Showing Index released on Monday. Nationwide, the Showing Index was down 7% month over month and 27.3% year over year, to a reading of 134.7. An index value of 100 is equivalent to the showing activity in January 2014.

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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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Revive Real Estate launches Revive Edge

Real Trends

Revive Real Estate, a company that provides home sellers with presale renovations, announced the debut of Revive Edge, a network that will provide top real estate agents with benefits to grow their businesses. Revive Edge will provide agents with access to homeowner seller leads, event notifications, an e-commissions program, marketing tools, discounts, individual profiles and a platform to showcase their customers.

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Prospect Park South Queen Anne With Wraparound Porch, Turret, Garage Asks $2.6 Million

Brownstoner

With a wraparound porch, a conical-roofed tower and a mix of window styles including many bay windows, this Prospect Park South standalone has many of the details that make for a delightful Queen Anne style house, the style that has become shorthand for what many people envision when they think… Read More > The post Prospect Park South Queen Anne With Wraparound Porch, Turret, Garage Asks $2.6 Million 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.

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Seller Hesitancy Will Persist

BubbleInfo

Every once in a while, a sliver of truth slips into the mainstream media articles. After the usual negativity spewed throughout the front-page UT article about the local Case-Shiller Index declining at one of the worst rates of any town in America, this quote appears at the bottom: Zillow senior economist Nicole Bachaud wrote in […].

Marketing 105
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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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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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A $1M Contemporary Home Designed for Musicians Sets the Tempo in Ohio

Realtor.com

Realtor.com A harmonious home built for musicians is on the market in Oberlin, OH. You can scoop it up for $1 million. The spectacular style of the two-bedroom dwelling was the talk of the town when it was custom-built in 2004 for a married musician couple. The eye-popping property has again created a buzz now that it has come up for sale. Highlights include a magnificent open performance area, custom cabinetry from Ferrari, and the natural surroundings.

Design 71
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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.