Fri.Dec 17, 2021

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New SPAC raises $230M to target real estate or mortgage fintech

Housing Wire

Special purpose acquisition companies’ appetite for real estate and mortgage businesses apparently isn’t dead yet , despite recent problems involving Better.com that pushed a merger with Aurora Acquisitions Corp. to next year, if at all. Blank check company Southport Acquisition Corporation concluded on Tuesday a $230 million capital raising to pursue acquisitions mainly in mortgage and real estate verticals in the United States. .

Mortgages 437
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2022 Housing Market Forecast [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. What does the coming year hold for the housing market? Here’s what experts project for 2022. Mortgage rates are projected to rise and so are home prices. Experts are forecasting buyer demand will remain strong as people try to capitalize on rates and prices before they climb, creating another strong year for home sales. Connect with a local real estate professional so you can make your best move in the new year.

Marketing 262
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Stewart acquires yet another title company

Housing Wire

There is no slowing down Stewart Title. The smallest of the “Big Four” title insurers announced Thursday that it had acquired Michigan-based Devon Title Agency , gaining scale in a hot housing market. “The addition of Devon to the Stewart family of companies establishes us as one of the market leaders in Michigan,” Stewart Group president Steve Lessack said in a statement.

Title 416
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Young Canadians Won’t Have The Same Opportunity As Past Generations: OECD Forecast

Better Dwelling

Canada is projected to be the next Greece, and not because of the good stuff. The Organization for Economic Co-operation and Development (OECD) has forecast Canada’s economy will fall behind. The group sees Canada’s real gross domestic product (GDP) per capita growth falling to last place. An expert warns young Canadians won’t have the same […].

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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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Headwinds confronting the mortgage industry in 2022

Housing Wire

As we approach 2022, some concerning headwinds confront the mortgage origination industry. For companies to survive and thrive, mortgage executives must focus on three primary factors: risk, strategy and efficiency. In terms of managing financial risk, considerations include interest rate, market and reputation. Risk is becoming more pronounced as the Federal Reserve announced its plan to start tapering mortgage-backed security purchases by $5 billion , which will inevitably cause market volatil

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5 Chic Living Room Looks From Instagram To Keep Your Spirits Bright Beyond the Holidays

Realtor.com

Photos via Instagram by hammertownbarn/ karlspringerltd / lesliebnew Your living room might just be your favorite space in the house right now. Maybe it’s filled with a giant tree heavy with ornaments and buoyed by the presents underneath. Or maybe your living room vibe is more Joanna Gaines , with a minimal holiday palette of whites and muted reds.

Design 131

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How To Survive a Kitchen Renovation: Tips, Tricks, and Sanity-Saving Tactics

Realtor.com

Getty Images Three years ago, I was in a kitchen-renovation nightmare. Just looking at photos can bring back the horror (thanks, Facebook Memories!). My husband and I were at the most challenging stage in any home renovation project. All the rough-ins were done, but the excitement of seeing a few cabinets in their rightful place had long faded, and my morning coffee was spiked with the acrid taste of plaster dust.

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Why 2022 could open more opportunities for subservicing

Housing Wire

HousingWire recently spoke with Selene Finance ‘s Chief Revenue Officer John Vella about the ways subservicing can help lenders and servicers going into 2022. HousingWire: What about 2022’s anticipated market makes subservicing a particularly good opportunity for lenders and servicers? John Vella: With production volumes flattening out and non-QM originations increasing, the need for originators to focus resources and cost on the front end of the business could lead to more subservic

Loans 395
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Luxury Real Estate Headlines: Third Week in December 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Washington, DC | Jonathan Taylor & Maxwell Rabin, TTR Sotheby’s International Realty . Julia Child’s former home in northwest Washington, D.C., is currently listed for $3.5 million. The chef and television host gained national admiration after introducing French gastronomy to the public following the release of her cookbook, Mastering the Art of French Cooking.

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Bank survey: Regulatory worries reach three-year high

Housing Wire

Banks are increasingly looking over their shoulders as they cope with regulatory changes, worry about fines and manage business risk, according to a survey by Wolters Kluwer Compliance Solutions. The Dec. 14 survey, collected responses from 391 mortgage companies, banks and credit unions from Aug. 4 to Sept. 6 on regulatory and compliance risk concerns, the impact of regulations on institutions and the sophistication of institutions’ risk management efforts.

Banks 393
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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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Redfin and realtor.com remove crime data from listings

Realty Biz

Redfin and realtor.com say they’re removing crime data from their home listings amid growing concern that the statistics could help to perpetuate racial inequity. Redfin Chief Growth Officer Christian Taubman said in a blog post his company is taking a stand against crime data being included on real estate websites. He said it feels, after surveying users and evaluating that research, that the data does not provide accurate answers to questions regarding the safety of an area around a home.

As-is 109
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The Importance of an Ideal Customer Profile (ICP)

Housing Wire

This past week I had the opportunity to talk to Don Taylor with HSPO and our sales team about how one can improve the sales process and to figure out why clients went with your company and why they stayed doing business as well. One of the main topics we discussed was knowing the importance of an ideal customer profile (ICP). According to Gartner, a leading technology research and consulting company, “The ideal customer profile (ICP) defines the firmographic, environmental and behavioral a

Sales 386
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Treat Yourself: 5 Real-Life Gingerbread Houses Tailor-Made for the Holidays

Realtor.com

Realtor.com Of all the holiday pastimes, building gingerbread houses is quite possibly our favorite—after all, it’s an activity that combines our passion for cute homes with our love of sweet treats. Of course, we’d be into that! In fact, we’re so fond of gingerbread houses that we got to thinking: Wouldn’t it be downright delightful to live in one?

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Where to Enjoy the Festive Sparkle of Holiday Lights in NYC This Year

Brownstoner

It’s the holiday season in New York City, which means there are countless events and spectacular displays to see. Whether you wish to travel far or stay in your neighborhood, New York has some of the most beautiful and spectacular holiday lights in existence, and 2021 has some light shows… Read More > The post Where to Enjoy the Festive Sparkle of Holiday Lights in NYC This Year 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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The 5 reasons why learning magic tricks can make you a better Realtor

The American Genius for Real Estate

(EDITORIAL) Magic can teach patience, coordination, or at least give a few laughs, but did you know it goes hand-in-hand with your real estate career? The post The 5 reasons why learning magic tricks can make you a better Realtor appeared first on The American Genius Real Estate.

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Home Buyer Frustration Will Increase in 2022

Hank Miller Team

It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. It's not a rosy outlook; expect home buyer frustration to increase in 2022. Rates are likely to increase as the Fed just responded to the record high inflation, planning at least three rate bumps for 2022.

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This $11 Million Waterfront Chateau Neighbors Jon Bon Jovi’s New Jersey Mansion

Fancy Pants Homes

A stunning waterfront chateau in the upscale neighborhood of Red Bank, NJ, has just hit the market. Listed at a whopping $11 million, the palatial property is currently one of the most expensive listings real estate brokerage Compass holds in New Jersey, trailing behind this $13 million, Great Gatsby-worthy mansion and only a handful of properties priced past the $15 million mark.

Banks 98
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Mortgage and refinance rates today, Dec. 17, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged a little lower yesterday. Since the start of this month, in spite of their ups and downs, they’ve actually moved very […].

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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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Sprawling Prospect Heights Prewar With Herringbone, Butler’s Pantry Asks $2.495 Million

Brownstoner

"Palatial" is the word that springs to mind to describe this Prospect Heights apartment -- both in size and decor, which is rich in Louis-style furniture arrayed at the edges of rooms as if in preparation for a ball. The five-bedroom, three-bathroom unit is located on the fourth floor of… Read More > The post Sprawling Prospect Heights Prewar With Herringbone, Butler’s Pantry Asks $2.495 Million appeared first on Brownstoner.

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Outdoor Christmas Decor Ideas

Point2Homes

Image: voronaman / Shutterstock.com. It’s that time of year again, and as the big day draws near, even the grouchiest Grinches and Scrooges can’t help but feel the tingle of Christmas cheer! If you haven’t got around to decorating the outside of your home yet, have no fear. We’ve come up with a host of ideas to make your home and yard sparkle with festive spirit.

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BETTER HOMES AND GARDENS® REAL ESTATE EXPANDS CALIFORNIA PRESENCE WITH AFFILIATION OF CENTRAL VALLEY BROKERAGE

Realty Biz

Better Homes and Gardens Real Estate LLC announced today that Integrity Real Estate Center Inc., based in Stockton, Calif., has affiliated with the BHGRE ® brand. The company will now be known as Better Homes and Gardens Real Estate Integrity Real Estate. The firm is led by broker/owner Janet Ramirez and serves a wide range of clients across California’s Central Valley, including San Joaquin and Stanislaus Counties.

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Homebuyer education courses: What to know before you start

The Mortgage Report

First-time home buyers can access special loan programs and assistance. But a home buyer education course may be required.

Loans 105
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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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The Jills Zeder Group Gathers Warburg Realty and Elite Coldwell Banker Luxury Agents to Celebrate 2021 Milestones

Coldwell Banker

The Jills Zeder Group recently hosted an elite networking event featuring some of Coldwell Banker’s most influential real estate professionals from across the nation. The post The Jills Zeder Group Gathers Warburg Realty and Elite Coldwell Banker Luxury Agents to Celebrate 2021 Milestones appeared first on Coldwell Banker Blue Matter.

Agents 85
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Mortgage shopping with a 640 credit score? You have options

The Mortgage Report

Can you get a mortgage with a 640 credit score? Yes, if you follow these guidelines and choose the right mortgage lender.

Mortgages 105
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Daily Links: City to Distribute Masks and Home Test Kits to Fight Virus Surge

Brownstoner

In the News Several New York City Restaurants Close as Covid Cases Rise [NYT] Company Discontinues Gowanus Fracked Gas Plant Repowering Project [Eagle] City Improves Pedestrian Access to the Ridgewood Reservoir [Bushwick Daily] Basquiat’s Family to Exhibit Personal Collection for First Time [BK Reader] Residents Rally to Protect 100-Year-Old Bed Stuy Mansion [BK Reader] NYC… Read More > The post Daily Links: City to Distribute Masks and Home Test Kits to Fight Virus Surge appeared firs

Closing 84
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Happy Holidays From Toronto Realty Blog!

Toronto Realty Blog

TorontoRealtyBlog. My 5-year-old daughter believes that her “Elf on a Shelf” reports back to Santa Claus every night and that if she touches the elf, then the elf will lose her magic powers. I’m not sure whether to feel warm and fuzzy at the adorability, or whether to be disappointed that my daughter hasn’t called us out on the ridiculous con… I’d like to thank all the regular readers/commenters for their support and contributions in the comments section throu

Agents 81
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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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Many Affluent Millennials Are Now ‘Lifestyle Renting’ Instead of Buying Homes. ‘It’s the Best Option for Now,’ Some Say—but Is It Really?

Realtor.com

Getty Images Move over white picket fence, it’s all about the doorman and a sleek gym for an increasing number of monied millennials—or at least that’s what a new study from real estate site RentCafe implies. It finds that the share of millennials who are lifestyle renters—defined as renters with above-average incomes who are using their bigger budgets to rent in amenity-rich, fancier apartments rather than buy a place—is on the rise.

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3 New Year’s Resolutions for Real Estate Professionals

RISMedia

Another year is coming to a close and, with the holidays behind us, we have the New Year now to look forward to. Many people make New Year’s resolutions, whether it be to go to the gym more or quit smoking, but you should also consider making a professional resolution in 2022. From getting more […]. The post 3 New Year’s Resolutions for Real Estate Professionals appeared first on RISMedia's Housecall.

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Breaking even on smart home devices may take longer than you think

The American Genius for Real Estate

(TECHNOLOGY NEWS) Smart home devices and neat money-saving gadgets cost a chunk of change up front. How long does it take for them to save you money? The post Breaking even on smart home devices may take longer than you think appeared first on The American Genius Real Estate.

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The Property Brothers Reveal a Secret New Upgrade That Has Them Excited

Realtor.com

HGTV Drew and Jonathan Scott have helped plenty of empty nesters downsize, but on the latest “Property Brothers: Forever Home,” they face a different problem: what to do when a family’s grown kids don’t leave the coop. In the Season 6 episode “Do a Little Dance,” Drew and Jonathan meet John and Lisa , a Calgary, Alberta, couple with two grown kids still living at home.

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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.