Keeping Current Matters
JUNE 6, 2022
If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans.
Housing Wire
JUNE 6, 2022
Frank Nothaft, chief economist at CoreLogic and before that, the top economist at Freddie Mac , has died. He was 66. At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist. “When I arrived at Freddie Mac in 2012 he was a long-established major nam
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Real Trends
JUNE 6, 2022
The real estate industry was responsible for $3.9 billion, or nearly 17%, of the national GDP in 2021, according to a study published by the National Association of Realtors on Thursday. According to estimates from NAR , nationwide, each home sale at the median generated roughly $113,000 of economic impact in 2021. Commissions, fees, moving expenses, and other income to real estate industries was responsible for an estimated $31,742 of the total impact, with the rest comprised of $5,000 from exp
Housing Wire
JUNE 6, 2022
The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. While four prominent trade groups voiced support, they also proposed some tweaks. The Mortgage Bankers Association, Housing Policy Council, National Association of REALTORS and the American Bankers Association agreed a 40-year loan modification should be a permanent fixture in the administration’s loss mitigation handbook, suggesti
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BubbleInfo
JUNE 6, 2022
Once we got past the Memorial Day weekend, the unsold listings continued their climb. Here’s how the first week in June compares to previous years: NSDCC Listings, First Monday in June: Year # of Active Listings # of Pendings # Actives Over $2M # of Pendings Over $2M 2018 914 410 488 102 2019 1,005 […].
Housing Wire
JUNE 6, 2022
It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. And it’s likely to continue – executives are calling this one of the most challenging periods in memory. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JUNE 6, 2022
Figure Technologies co-founder and CEO Mike Cagney. Fintech lender Figure Technologies and multichannel originator Homebridge Financial Services last August announced a merger that they claimed would usher in monumental change to the mortgage industry. Figure, founded in 2018 by SoFi co-founder Mike Cagney, would bring a blockchain tech platform to the merged company, which would double the lender’s capacity to fulfill loans.
Brownstoner
JUNE 6, 2022
The architect who once called this 1870s Prospect Heights brownstone home isn't a 21st century starchitect, but 19th century Brooklynites who followed the building up of the borough would certainly have recognized his name. George L. Morse, a prolific architect behind the design of commercial structures, churches and residences, lived… Read More > The post Architect’s Prospect Heights Brownstone With Mural, Pier Mirror, Mantels Asks $3.799 Million appeared first on Brownstoner.
The Mortgage Report
JUNE 6, 2022
Today’s mortgage and refinance rates Average mortgage rates only inched higher last Friday. But they climbed appreciably over that week. First thing this morning, it was looking as if mortgage […].
Brownstoner
JUNE 6, 2022
Spend a summer afternoon trying some food truck goodies while lounging on the grounds of Marine Park's oldest house. The Friends of Lott House are hosting a 'Taste of the Neighborhood' event on Sunday, June 12 featuring unlimited samples from Jiannettos Pizza, Dumpling Wagon, Caribbean King and Wafels & Dinges.… Read More > The post Sample the Fare of NYC Food Trucks With a ‘Taste the Neighborhood’ Event at Historic Lott House appeared first on Brownstoner.
Advertiser: Trellis
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.
Realty Biz
JUNE 6, 2022
New home buyers may soon see some much-needed price relief, with reports saying that the lumber market bubble has finally “burst”. Lumber prices rose to record highs during the height of the COVID-19 pandemic, adding significantly to the cost of buying a new home. But the price of lumber is now falling fast, more than 12% in the last week alone, to hit its lowest point so far this year.
Brownstoner
JUNE 6, 2022
State lawmakers on Thursday approved the formation of the New York City Housing Authority Preservation Trust, a new public entity that proponents say will allow for a massive influx of money into the city’s beleaguered public housing stock, where 350,000 New Yorkers live in properties all across the five boroughs. The… Read More > The post New York Creates Controversial Trust to Finance Urgently Needed Repairs for NYCHA appeared first on Brownstoner.
Realty Biz
JUNE 6, 2022
Did you know that over 14 million individual investors own between one and four rental property units? Managing properties is by no means an easy task. For landlords who own multiple properties, taking care of them can feel like a job all by itself. If you’re a landlord or real estate investor looking to make managing your properties easier, you should consider real estate software.
The Mortgage Report
JUNE 6, 2022
Adjustable-rate mortgages (ARMs) can be a great home buying tool when rates rise. But they aren't for everyone.
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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 6, 2022
Building your real estate business is a full-time job. You can’t help clients buy and sell the property unless you’ve got those clients, to begin with, after all! That’s why successful real estate professionals spend so much time and energy on marketing themselves and building their brands along with real estate testimonials. Today, one of the most effective types of marketing for those in the real estate profession is over the internet. .
McKissock
JUNE 6, 2022
The use of Microsoft Excel is widespread in the appraisal industry. In a recent survey, Excel was among the top four software tools on which appraisers said they’d like additional training. Are you looking for new and better ways to leverage Excel tools in your appraisal business? Here are six Microsoft Excel training resources for real estate appraisers—exclusively available to McKissock Unlimited Learning Members.
Realty Biz
JUNE 6, 2022
ERA ® REAL ESTATE ENTERS NORTH IDAHO WITH THE AFFILIATION OF. ERA SHELMAN REALTY. ERA® Real Estate , a global franchising leader within the Realogy family of brands, today announced the affiliation of ERA Shelman Realty. The market-leading company is based in Bonners Ferry, Idaho and has served the community since 1963. Owners Mark and Loralee Carey purchased the firm in 2018 from Mark’s brother Steve Carey, who bought the firm in 1991 from the Shelman Family.
Sotheby's International Real Estate
JUNE 6, 2022
The phrase “your majesty” is used when addressing a queen or a king. But why not apply it to your home? By designing your space with the right decor, a residence can become your majesty — a regal retreat whose stately opulence and dignified flair makes you feel noble. . What does it take to design a property fit for a monarch? As high-end homeowners rediscover the comfort and cachet of the royal aesthetic, here’s a curated lookbook to help you envision a castle of your own.
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.
Brownstoner
JUNE 6, 2022
Whether you are in the market to rent or own, having the right insurance is even more important today. Gotham Brokerage, the best resource for New York City residents, knows how to find you the best coverage. Here's why proper coverage is important: Repairs? Relax! If you have to redo your kitchen… Read More > The post How Apartment Insurance Takes the Stress Out of Inflation and Supply Chain Delays appeared first on Brownstoner.
Realty Biz
JUNE 6, 2022
When you’re on the lookout for a new place to live, or even somewhere to add to your existing portfolio, this can require a lot of time and effort. However, if you deploy some smart tactics, you may be able to cut down on the total work involved. In doing so, it might be possible to prevent the house hunt from dominating your waking hours and even get rid of some of the more strenuous aspects.
Brownstoner
JUNE 6, 2022
In the News How a Bed Stuy Track Coach Spends Her Sundays [NYT] For Two Graffiti Artists, New York’s Subway Was Irresistible and Deadly [NYT] Troubled Brooklyn Shelter Agency Raked in $1 Million From City [NYP] Tenants Sign at Downtown Brooklyn's Tallest Office Tower [NYP] Legendary Sailor and Her Historic Yacht Arrive in Brooklyn [Eagle] Building… Read More > The post Daily Links: City Paid $1.4 Million to Brooklyn Homeless Shelter Group It Was Also Suing appeared first on Brownstoner
HomeLight
JUNE 6, 2022
Enjoying this episode? Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | YouTube. About This Episode. In a challenging real estate market like this, you’re having harder client conversations than ever. More than ever, communication is the key to keeping your buyers and sellers calm and keeping their transaction moving forward.
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.
The American Genius for Real Estate
JUNE 6, 2022
(EDITORIAL) Want to support small businesses but can't buy their products right now? No problem, take note of these other tips to support small! The post 5 underrated ways to support small businesses appeared first on The American Genius Real Estate.
Redfin
JUNE 6, 2022
It’s barbecue season and you’re short one pack of hamburger buns. You run to the grocery store, grab an 8-pack off the shelf, and jog to the nearest checkout aisle. But when the clerk scans the barcode, the jumbo-sized 24-pack rings up. Why should you pay for 24 buns when you’re only getting eight? The same problem can apply to monthly rent.
BubbleInfo
JUNE 6, 2022
While the market may be calming down, there are still properties selling for well over the list price!
Redfin
JUNE 6, 2022
Boston, Massachusetts, otherwise known as the”Athens of America,” is swiftly becoming home for many Bay Staters and out-of-staters alike. With its iconic history and delicious foods, it shouldn’t come as a surprise that nearly 700,000 people live in Boston. However, with that higher demand comes higher home prices. The median home sale price is $772,500, and the average rent for a 1-bedroom apartment in Boston is $3,988. .
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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.
C4D Crew
JUNE 6, 2022
Buying a home, anywhere, is a very big commitment. There is a lot of planning that goes into it and, of course, a lot of money. And it only gets more complicated when buying a home from out of state , making an already grueling process longer. However, if you know what you are doing, the process can go much more smoothly and easily. To this end, we have decided to put together the ultimate guide on buying a home in Minnesota from out of State, and we hope you find it helpful.
Real Trends
JUNE 6, 2022
Homes in high fire-risk metropolitan areas are selling for nearly $120,000 more than homes in low-fire-risk areas, according to a new report from Redfin published on Monday. Typical high-risk homes sold for $550,500 in April, while typical low-risk home sold for $431.300, a 27.6% difference, the brokerage found. In comparison, two years ago the price difference was $56,700.
Mashvisor
JUNE 6, 2022
A real estate investor could strike gold by providing student housing in a good college town. Table of Contents College Town: What Is It?
Mandrona Group
JUNE 6, 2022
This is Part 3 of a 3 Part workshop that is designed to help the modern real estate agent answer. Read More.
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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