Maximum Exposure Real Estate
JULY 27, 2022
How much does a Real Estate agent make? It’s a question that gets asked a lot. Not only do potential agents thinking about entering the industry ask it, but consumers as well. There is no secret that real estate is a highly lucrative industry. However, what many people don’t realize it is the upper echelon […]. The post How Much Does a Realtor Make appeared first on Maximum Real Estate Exposure.
Housing Wire
JULY 27, 2022
The Federal Reserve hiked rates 0.75% on Wednesday, which was mostly expected by market participants before the announcement. The question is, will the Fed keep aggressively hiking rates if the economic data worsens? I say this because I’ve raised all but one of my six recession red flags. I need to wait for one more report to officially raise the last flag, but it is certain to happen in August.
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Keeping Current Matters
JULY 27, 2022
There are more homes for sale today than at any time last year.
Housing Wire
JULY 27, 2022
The Department of Justice and the Consumer Financial Protection Bureau are taking the fight to non-bank mortgage lenders for redlining. The two agencies revealed their new strategy to rein in mortgage discrimination on Wednesday, with a $24.4 million consent order, stemming from a referral the CFPB made in November 2020. It’s the DOJ’s second- largest mortgage redlining settlement ever, and its first against a non-bank mortgage lender.
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Toronto Realty Blog
JULY 27, 2022
TorontoRealtyBlog. Rainbow Sherbert. How could none of you guess that? It’s Rainbow Sherbert. That’s my favourite type of Baskin Robbins ice cream. But I’ll give you credit, you guys tried! Rocky Road. Cookies ‘n Cream. Mint Chocolate Chip. Rum Raisin. Bubble Gum. Jamoca Almond Fudge. Cotton Candy. Mango Tango. Chocolate Chip.
Housing Wire
JULY 27, 2022
“Turn to automation when profit margins are tight.” It’s a message the industry is hearing loud and clear as rates stay high and lenders can no longer depend on a steady flow of refis. In light of this, HousingWire CEO Clayton Collins recently sat down with Paul Doman, CEO at Accurate Group, to discuss mortgage lender profitability, as well as the modernization of title and appraisal processes and where there is opportunity for automation. .
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JULY 27, 2022
Nonbank mortgage lender and servicer Mr. Cooper Group reported a net income of $151 million in the second quarter of 2022, a staggering 77% reduction in profits compared with the $658 million it recorded during the previous quarter. The Dallas-based company’s performance reflects gains with mortgage servicing rights (MSR), which offset lower profitability related to originations, according to quarterly earnings released Wednesday.
HomeLight
JULY 27, 2022
You’ve decluttered , reorganized, and maybe even rearranged some furniture, but there’s no getting around the fact that you’ve outgrown your single-story home. Maybe your family has expanded, or perhaps you’re now working permanently from home. Whatever the situation, you need more space — and you’d rather not go through the hassle or sacrifice of selling a house you otherwise love.
Housing Wire
JULY 27, 2022
Charleston, South Carolina-based real estate tech firm PunchListUSA , which calls itself the first platform digitizing national home inspection data , closed on a $39 million Series A funding round this week. . PunchListUSA has now raised more than $49 million in equity capital since its inception in 2018. . Sweetwater Private Equity and Morpheus Ventures led the latest funding round with additional investors including Home Depot Ventures , Second Century Ventures and Palm Drive Capital.
GeekEstate
JULY 27, 2022
Equity crowdfunding is one of the capital options that startup founders consider. Make sure you understand the topic. Motivo Media recently put out a documentary with experts breaking down equity crowdfunding and debating how regulators can most effectively foster innovation while preserving investor safety in the space. I thought some of the audience here might be interested… Director – Tim Hedberg.
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.
Housing Wire
JULY 27, 2022
Angel Oak Cos., through its Angel Oak Mortgage Trust conduit, recently unveiled its latest private-label securitization (PLS) offering — a deal slated to close in early August backed by 788 predominately non-QM loans valued at $362 million. Counting this latest offering, Angel Oak Cos. — through its affiliated companies, including real estate investment trust, or REIT, Angel Oak Mortgage Inc.
GeekEstate
JULY 27, 2022
[Editor’s Note: Geek Estate Offers are special offers for members of the GEM ]. 360 Meet and The Lab are ready for public use and View Labs is giving Geek Estate Blog readers access with a free demo account. 360 Meet offers a seamless teleconferencing experience by preventing latency and quality degradation when streaming videos. Within The Lab, you can upload a variety of content types into your library, share such items during your conference calls, and allow for collaboration from meeting me
Housing Wire
JULY 27, 2022
The emerging real estate brokerage model is starting to include more and more services in order to stay competitive. But is this what disruption looks like in the real estate space? Or, have brokerages started to focus in on partnering when it comes to innovative decisions? Tapping into his experience and knowledge as the president of Keller Williams , Marc King will share his insights on these questions during the “From Disruption to Partnership: the Amazon of real estate ” panel at
Easy Agent Pro
JULY 27, 2022
Whether you are new to the real estate market or have been an agent for decades, there is one thing that never changes- you need free real estate leads. Leads are vital for every stage of the sales process from the first contact you have with a potential client to the moment they convert into an actual client. There are some agents who will buy leads but there are a few issues and concerns with this practice.
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Housing Wire
JULY 27, 2022
What a difference a year makes. In mid-2021, most mortgage companies enjoyed strong origination volume and were hiring additional staff in response. But as we begin the third quarter of 2022, the landscape has changed drastically and multiple challenges face the industry. Rates are now reaching almost 6% for a 30-year fixed mortgage , while the Federal Reserve has enacted substantial interest rate hikes and further increases are likely on the horizon.
Eye on Housing
JULY 27, 2022
Continuing its tightening of financial conditions to bring the rate of inflation lower, the Federal Reserve’s monetary policy committee raised the federal funds target rate by 75 basis points, increasing that target to an upper bound of 2.5%. This move matches the June rate hike as the largest increase for the funds rate since 1994. While committing to a policy.
Housing Wire
JULY 27, 2022
After making some major pivots over the last few years, the housing industry is once again in a new cycle. So what does a purchase-driven market mean for marketing professionals, especially in a world where marketers are helping make many strategic decisions in a company? From launching rebrands to finding ways to fuel the sales pipeline, we’re excited to answer your top marketing questions on “The Future of Marketing” panel at the Marketing Leaders Success Summit.
Fancy Pants Homes
JULY 27, 2022
*Please note that this article contains affiliate links and we will get a small commission from any purchase you make by clicking on one of these links. Embracing your ‘Big 3’ has never been so mainstream. And by Big 3, we’re referring to your Sun, Moon, and Rising signs. Lost in the lingo? Now worries woo woo warriors, we got you.
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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.
Housing Wire
JULY 27, 2022
New York-based title underwriter AmTrust has come under fire from New York Attorney General Letitia James for business practices that “hurt workers and limited their earning potential.”. An investigation by James’s office found that for years AmTrust entered into illegal no-poach agreements with their competitors, thwarting labor competition. AmTrust Title, which is controlled by insurance giant Amtrust Financial Services Inc., issues title policies through First Nationwide or independent
The Close
JULY 27, 2022
If you’re looking for new, must-read real estate blogs to add to your morning routine, today is your lucky day. We reached out to some of the most successful agents, brokers, and coaches that we know for their morning reading lists. We gathered the best training, news, and entertainment in the real estate industry just for you. Whether you’re looking for content to share on social media, to level up your real estate game, or you just want to ogle mansions, you’ll find it here. .
Housing Wire
JULY 27, 2022
Borrowers’ demand for mortgage loans decreased for the fourth consecutive week to the lowest level in more than two decades, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, declined 1.8% for the week ending July 22 compared to the previous week. The refinance index dipped 3.7% in the same period, while the purchase index decreased 0.77%. “Increased economic uncertainty and prevalent affordability challeng
Brownstoner
JULY 27, 2022
In the News A Judge Halts New York City School Budget Cuts, For Now [NYT] New York Renters Are Now Paying the Price for the ‘Covid Discount’ [NYT] Melting Profits Threaten the Ice Cream Man in 'Burg and Beyond [NYT] Con Ed Urges Brooklynites in Six Neighborhoods to Conserve Energy [BK Paper] Tremendous Tree Comes… Read More > The post Daily Links: Runaway Rents in Manhattan Spill Over to Brooklyn, Where Inventory Is Tight appeared first on Brownstoner.
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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.
Housing Wire
JULY 27, 2022
Two House Appropriations bills recently advanced by House negotiators have included language surrounding Business Email Compromise (BEC) in an effort to promote collaboration between federal and law enforcement agencies and private sector partners in monitoring and reporting for cyber-based crime events. The House Appropriations bill covering the departments of Commerce, Justice, Science and Related Agencies includes a section on BEC, noting that “the FBI has assessed that ‘BEC is one of the fas
The American Genius for Real Estate
JULY 27, 2022
Pending home sales (contracts signed) are down significantly, which was expected, but what of the rest of 2022? The post Pending home sales slip 20% in a year appeared first on The American Genius Real Estate.
Fancy Pants Homes
JULY 27, 2022
The former Los Angeles home of one of old Hollywood’s brightest stars has just hit the market. Greta Garbo’s custom estate in the hills of Beverly Crest, which she once shared with then-boyfriend Leopold Stokowski, is now on the market asking $12,000,000. The news comes one month after the starlet’s longtime home — a luxurious fifth-floor condo that sits directly above the East River in Manhattan — was also listed for sale.
Marco Santarelli
JULY 27, 2022
Economic Forecast For the Next 5 Years. Economists are increasingly confident that the economy will grind to a standstill and begin declining shortly. The Financial Times and the Initiative on Global Markets, a University of Chicago economic policy and market research center, surveyed 49 U.S. macroeconomics specialists at the beginning of June 2022.
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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.
Agent Fire
JULY 27, 2022
Homebuyers' remorse is extremely common. Unfortunately, agents often find themselves remedying home issues long after the property sale. Prevent homebuyers' remorse now with these tips. Save Your Clients From These 14 Homebuyer Regrets is just one of many great real estate strategies on The Spark.
Lighter Side of Real Estate
JULY 27, 2022
Many prospective buyers are concerned about the interest rates, where the market is headed, and whether they’ll be paying too much for a house if they buy right now. While that last sentence may sound very fitting for today’s market, the reality is, buyers are almost always concerned about those three things. That’s not to say those concerns aren’t valid right now, because the market is shifting in many areas of the country.
Realty Biz
JULY 27, 2022
Investors are constantly flooded with advice about how to invest in real estate. The vast amount of that advice is about what you should be doing. Very little is about what not to do. A good businessperson understands both the good and the bad about their business. New investors need to understand both the upside and the potential downside of their real estate investing opportunities.
Brownstoner
JULY 27, 2022
Coney Islanders are celebrating the installation of new four-way stop signs and painted crosswalks at a bustling and notably dangerous Surf Avenue intersection. The community has long petitioned the city for an improved crosswalk at the corner of Surf Avenue and West 37th Street, with Community Board 13 going as far… Read More > The post Busy Surf Avenue Intersection Gets Crosswalk, Stop Signs to Create Safe Pathway for Seniors appeared first on Brownstoner.
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