Tue.Jul 12, 2022

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Are You Seeing These Top Trends for 2022 in Your Market Yet?

Properties Online

While some slight changes to the market have occurred in 2022, it’s still a seller’s market out there. However, certain trends might make it a bit tougher to sell this year. Knowing more about these real estate selling trends and how to adapt to them can help you prepare your clients for the market. Higher Mortgage Rates… Read More » Are You Seeing These Top Trends for 2022 in Your Market Yet?

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The hybrid appraisal is here. Who benefits?

Housing Wire

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. Sitting in traffic, Tomaszewski wished he could pay an Uber driver to take the photos instead. “When we started, the idea was to obtain exterior photos as fast as possible, at a time when Uber, Lyft and marketing technology was advancing, and anyone with a smartphone could get exterior photos,” said Toma

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Expert Housing Market Forecasts for the Second Half of the Year

Keeping Current Matters

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home?

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Mortgage credit availability falls 0.3% in June

Housing Wire

Lenders continued to tighten credit standards in June as higher mortgage rates slowed refinance and purchase activity. The monthly Mortgage Credit Availability Index (MCAI) fell by 0.3% in June, according to the Mortgage Bankers Association. A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening, while an increase suggests loosening credit. .

Mortgages 383
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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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20% Off CREtech NYC October 12th-13th

GeekEstate

[Editor’s Note: Geek Estate Offers are special offers for members of the GEM ]. Once again, CREtech is bringing together leaders in the commercial, residential, PropTech, and climate tech industries for two days of speaking engagements, networking opportunities, and industry insights in the incredible New York City. Register if you want to… Get off of zoom and back to in-person networking opportunities with other innovative-driven industry professionals.

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Pennymac locks mortgage rates up to 90 days ?

Housing Wire

California-based Pennymac launched a product that can freeze mortgage rates as many as 90 days, in a bid to attract more borrowers to the market amid volatile rates. Dubbed “Lock & Shop,” the product, rolled out in mid-June, has two terms: the 75-day lock, which gives borrowers 45 days to shop and 30 days to close the contract; or the 90-day lock, giving customers 60 days to find a home and 30 days to complete the contract. .

Mortgages 375

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VA official talks future of partial claims and revamping its reputation

Housing Wire

In a few months, the loss mitigation measures that have kept close to 100,000 veterans from foreclosure during COVID-19 will end. Decisions of policymakers at the Department of Veterans Affairs will determine what happens to those borrowers. The VA also faces challenges unrelated to the pandemic. The cost of credit for its borrowers is set by Congress, not the department.

VA loan 353
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Why is Zillow trying to patent online ads and age-old algorithm methods?!

The American Genius for Real Estate

Is Zillow building a future patent trolling practice? They put in patent applications for online ads & data-based algorithms.WHAT?! The post Why is Zillow trying to patent online ads and age-old algorithm methods?! appeared first on The American Genius Real Estate.

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Lower-rate loans dominate PLS pipeline

Housing Wire

The loan quality of mortgage pools backing private-label securitization (PLS) deals has remained solid this year through the end of June, even as deal volume slowed appreciably between the first and second quarters. . In addition, the average coupon for PLS note offerings so far this year has not yet caught up with current market rates, according to the Kroll Bond Rating Agency ’s (KBRA’s) most recent RMBS Credit Indices report.

Loans 347
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How Can I Sell My House Fast with an Online Quote?

HomeLight

If you’re feeling pressure to sell your home quickly, you may be looking for options. We’ll explain the benefits and reasons for selling a home through an online quote. Then, we’ll walk you through the process. Who provides instant online homebuying quotes? There are multiple alternatives for selling your home online, with various kinds of companies from which to choose.

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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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Why you should attend HW Annual Oct. 3-5 in Scottsdale

Housing Wire

Volatile mortgage rates and economic uncertainty have rocked the housing market this year, challenging mortgage lenders, real estate agents, title companies and appraisal firms to adapt quickly to changing conditions. That’s why we’ve designed our HW Annual event Oct. 3-5 as the “Davos of Housing,” providing real, practical insight for this dynamic market from proven experts and leaders across the housing ecosystem.

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Inside an Enchanting Upper East Side Townhouse

Sotheby's International Real Estate

When he spoke about writing Breakfast at Tiffany’s, author Truman Capote once said, “I am always drawn back to places where I have lived, the houses and their neighborhoods. For instance, there is a brownstone in the East Seventies where, during the early years of the war, I had my first New York apartment….” This enchanting townhouse on East 71st Street may or may not have been an inspiration for Capote, but its wide tree-lined block was chosen as a setting for the filming of Blake Edwards’s 19

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Shared-equity fintech Unison expands Midwest operations

Housing Wire

San Francisco-based Unison is extending its reach in the heartland by expanding its shared-equity loan program to homeowners in Nebraska. The move follows the opening of an office in Omaha earlier this year and reaching the milestone as of June 30 of having in force $6.1 billion in equity-sharing agreements with some 9,000 homeowners across 29 states and the District of Columbia. “With our recent office expansion to Nebraska, this was the next logical step for us,” said Unison founde

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Locals, Pols Overwhelmingly Support Landmarking Bed Stuy’s Dangler Mansion at LPC Hearing

Brownstoner

In an overwhelming show of support for landmarking the French Gothic Revival mansion at 441 Willoughby Avenue in Bed Stuy, 19 people spoke in favor at a virtual Landmarks Preservation Commission hearing this morning. Others sent 71 letters urging the LPC to save the circa 1897 structure as an individual… Read More > The post Locals, Pols Overwhelmingly Support Landmarking Bed Stuy’s Dangler Mansion at LPC Hearing appeared first on Brownstoner.

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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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Qualia releases closing platform for mortgage lenders

Housing Wire

Digital real estate closing platform Qualia announced the release of a version of its Qualia Connect platform for mortgage originators. According to Qualia, this release means that the Connect platform will now be able to integrate directly into the mortgage lender’s loan origination system. Qualia Connect’s suite of features will provide lenders with control over how they collaborate with any title, settlement or escrow partner, allowing them to automate and standardize how they work with any t

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As Covid Protections End, Brooklyn Foreclosures and Homelessness Poised to Grow

Brownstoner

As homeowners struggle to recover from a loss of work or income brought on by the Covid-19 pandemic, mortgage default rates could be nearing, or even overtaking, those seen after the 2008 financial crisis, a supervising attorney at The Legal Aid Society told Brownstoner. More than 1,000 pre-foreclosure notices, also known… Read More > The post As Covid Protections End, Brooklyn Foreclosures and Homelessness Poised to Grow appeared first on Brownstoner.

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JPAR® — REAL ESTATE NAMED TOP 100 CULTURE BY FRANCHISE BUSINESS REVIEW

Realty Biz

Real Estate, America’s #1 fastest-growing, 100% commission brokerage is pleased to announce its recognition by Franchise Business Review as one of the Top 100 franchise brands with the best culture in 2022. “We are very proud to receive this honor. The culture of any business plays an important role in its growth and success,” said Laura O’Connor, President, and COO, JPAR® Franchising.

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How to Deep Clean Laminate Floors to Help Sell Your House

HomeLight

Being economical and durable are two hallmarks of the laminate floor, which came into existence in the 1970s thanks to advances in technology and engineering. Laminate floors may not sound as appealing as hardwood or marble, but they have their place in many homes, including higher-end homes now, thanks to even more innovations in flooring over the decades.

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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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Sales of secondary homes at risk of climate change increased in last two years

Realty Biz

Second home buyers remain undeterred about the risk of climate change, according to the latest data from Redfin. It found that purchases of secondary homes with increased climate risks such as floods, storms and high heat rose by 40% in 2020 and 2021, compared to 2018 and 2019. While the numbers do tally with an overall 37% uptick in second home purchases seen during the pandemic, homes that are at an elevated risk of climate change saw even larger purchase rates compared to the pre-pandemic per

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How to Deep Clean Your Vinyl Floors

HomeLight

Being durable and water-resistant are two reasons people like vinyl flooring in their homes, especially when they live in moisture-prone areas. Often confused with laminate flooring or linoleum, vinyl flooring is made up of layers of polyvinyl chloride resins, plasticizers, pigments, and trace stabilizers, along with a synthetic backing material, sandwiched together in a stack to form an affordable, practical, and very durable floor covering.

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NAR partners with software provider Rental Beast

Real Trends

The National Association of Realtors on Tuesday named Rental Beast as its exclusive recommended software provider in the rental space. Through the agreement, NAR members will receive free access to “ apply now” by Rental Beast, the platform’s secure FCRA-compliant online rental application and tenant screening engine, as well as access to the software provider’s digital education platform.

Agents 89
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Boerum Hill’s Ex Lax Building Loft With Two Bedrooms, Vaulted Cork Ceiling Asks $1.85 Million

Brownstoner

It's been a while since we've featured a unit in Boerum Hill's Ex Lax building at 423 Atlantic Avenue. The stone and brick industrial structure was built in 1890 as a bottling plant for Anheuser-Busch. The Romanesque Revival-style pile was in operation until 1919, when the beer maker sold the… Read More > The post Boerum Hill’s Ex Lax Building Loft With Two Bedrooms, Vaulted Cork Ceiling Asks $1.85 Million 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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Should I Get an Online Quote to Sell My House?

HomeLight

Some days, it seems you can’t escape them. They come at you from all directions. On the drive to your kids’ school, streaming the news or checking your Facebook page, billboards, push alerts, and promotions for online house-buying companies pop up everywhere. If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest.

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Facebook & Instagram Crash Course for Real Estate Agents (+ Templates)

The Close

Social media is essential for most real estate agents’ marketing strategies these days. After all, agents who implement a strong strategy on social media get more leads and earn more money than agents who don’t. Yet many agents still struggle to keep up their social media efforts. If this sounds like you, then you need a game plan to take your social media to the next level.

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Daily Links: Will ‘Burg’s Berry Street Bike Boulevard Boost Safety?

Brownstoner

In the News At the Laundromat Project, Artists Are Ambassadors of Joy, Activism [NYT] With Roe Overturned, Austin’s Loss Could Be Brooklyn’s Gain [NYT] How Dan Perlman, of ‘Flatbush Misdemeanors,’ Spends His Sundays [NYT] Remote Work Is Turning Williamsburg Into an NYC Shopping Mecca [WSJ] Giglio Feast Flies High in Return to 'Burg [BP] Brooklyn Teens… Read More > The post Daily Links: Will ‘Burg’s Berry Street Bike Boulevard Boost Safety?

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One good reason to refinance at a higher interest rate (Podcast)

The Mortgage Report

Normally, homeowners refinance to get a lower rate. But there may be one good reason to refinance even if your rate goes up.

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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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Struggling loanDepot to cut nearly 5,000 jobs in 2022

Housing Wire

Nonbank lender loanDepot is making what appears to be the largest series of cuts in the mortgage industry this year, eliminating 4,800 jobs over the course of 2022. Overall, the California-based lender is implementing a program dubbed “Vision 2025” to save between $375 million and $400 million annualized, including headcount reduction, process optimizations, real estate consolidation and reduction in marketing and third-party spending. .

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Top 5 Alternatives to the MLS Online

Mashvisor

Access to the MLS online is very important in today’s real estate investment market, particularly when finding investment opportunities. Table of Contents What Is the MLS?

MLS 69
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MJ

BubbleInfo

Michael Jackson was only six months older than me, and I think there is a sort of kinship between those who are about the same age. So when we had a chance to see the play ‘MJ’ on Broadway when we were visiting Kayla, I jumped at the chance. Not only was it phenomenal, but […].

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A Guide on How to Sublet an Apartment

Redfin

Are you a college student going abroad for a semester but you’re stuck in a year-long lease? Or perhaps you’re a professional who just landed the perfect job — but you have to relocate from your apartment in Austin to New York in the middle of your current lease. Subletting your apartment may be the way to go. Read on to find out how to sublet an apartment, find an apartment to sublet, and rent a sublet apartment.

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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.