Wed.Jul 27, 2022

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How Much Does a Realtor Make

Maximum Exposure Real Estate

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.

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The Fed admits the economy is slowing

Housing Wire

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.

Mortgages 427
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Want To Buy a Home? Now May Be the Time.

Keeping Current Matters

There are more homes for sale today than at any time last year.

Sales 254
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DOJ, CFPB announce $24M redlining settlement with Trident Mortgage

Housing Wire

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.

Mortgages 395
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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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Equity Crowdfunding: Risk, Reward, & Regulation

GeekEstate

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.

Equity 116
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What is in the way of modernizing title and appraisal?

Housing Wire

“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. .

Title 395

More Trending

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Mr. Cooper’s Q2 profits down 77% from previous quarter

Housing Wire

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.

Principal 383
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These celebrity-favorite astrology candles will add a unique personal touch to any space

Fancy Pants Homes

*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.

Design 106
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Angel Oak confronts the challenges of market volatility, fast-rising rates

Housing Wire

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.

Marketing 383
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Silver screen icon Greta Garbo’s former Los Angeles home lists for $12M

Fancy Pants Homes

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.

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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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Marc King to speak at HW Annual Oct. 3-5

Housing Wire

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

Brokerage 383
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Economic Forecast For 2022 & 2023: Signs of a Recession?

Marco Santarelli

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.

Sales 103
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Emphasizing efficiency amid a challenging market for mortgage originators

Housing Wire

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.

Mortgages 383
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Listings, Re-Listings, Terminations, & Sales!

Toronto Realty Blog

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.

Sales 105
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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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Inside the “The Future of Marketing” panel at the Marketing Leaders Success Summit on Oct. 3

Housing Wire

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.

Marketing 383
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Pending home sales slip 20% in a year

The American Genius for Real Estate

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.

Sales 105
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NY AG fines title insurer AmTrust for no-poaching agreements

Housing Wire

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

Title 383
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How to Avoid Real Estate Investing Mistakes That Kill Profits

Realty Biz

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.

Investor 104
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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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Fraud risk continues to rise even as the market contracts

Housing Wire

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

Marketing 369
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How Retargeting Can Help You Sell More Homes

Realty Biz

Though retargeting is a useful tool for many types of businesses, it’s particularly strong when it comes to real estate. Real estate requires serious buyers who are able to make a purchase in the near future – and that’s exactly what Google’s real estate retargeting campaign does. By reminding users of your business, you can break through the clutter and stay top of mind when your leads are ready to buy or sell.

Branding 103
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Share of New Home Sales Backed by FHA Loans Reaches 14-Year Low

Eye on Housing

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% in Q2 2022–its smallest share since early 2008. Conventional loans financed 74.8% of new home sales in the second quarter of 2022—a 1.8 percentage point quarter-over-quarter decline.

FHA loan 102
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A RealtyBiz Top Agent Roundup for Louisville

Realty Biz

For some weeks now, RealtyBizNews has been doing roundups of the top industry professionals from around the U.S. Our methods continue to evolve as we look this week at Louisville, Kentucky, and some of the best real estate people in the region. As we’ve gone forward, it’s become increasingly difficult to establish universal criteria for rating our agents.

Agents 96
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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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Save Your Clients From These 14 Homebuyer Regrets

Agent Fire

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.

Agents 96
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7 Sources of Unlimited Free Real Estate Leads

Easy Agent Pro

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.

Agents 99
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The One Thing You Need to Focus on When Buying a Home in This Market

Lighter Side of Real Estate

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.

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Are Tiny Homes a Good Investment?

Realty Biz

Tiny homes have been growing by leaps and bounds over the past few years – stories and articles featuring these little miniature houses are just about everywhere. From a real estate investment perspective, it might not seem like tiny homes have much to offer, but you might be surprised. Here’s what you need to know about whether tiny homes are a good investment!

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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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Daily Links: Runaway Rents in Manhattan Spill Over to Brooklyn, Where Inventory Is Tight

Brownstoner

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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The housing market might recover… in 2023?

Real Trends

There’s no doubt about it – the housing market is slowing down. Pending home sales fell 8.6% in June from the prior month, according to data released Wednesday by the National Association of Realtors. And brokerages and agents alike are settling in for a few more tough months. The NAR’s index reading in June fell to 91.0 from 99.9 in May.

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4 Ways to Slash Renovation Costs

Real Estate Investar

When it comes to renovating your property, the costs involved can very quickly add up. Just how expensive the project is going to be, really comes down to the scope of what you’re trying to do. Painting a few walls and updating the carpets is a very different undertaking to adding another storey to a house.

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Federal Reserve Raises by 75 Basis Points and Notes Slowing Economy

Eye on Housing

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.

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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.