Wed.Sep 21, 2022

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5 TikTok accounts every LO should be following

Housing Wire

Are you on TikTok yet? Your future borrowers could be – the social media app is expected to reach 1.8 billion users by the end of 2022, with many users falling under the Millennial and Gen Z umbrellas. As more of these younger borrowers begin to show interest in buying a home, it’s a great idea to use TikTok not only as a way to connect with prospective borrowers, but to educate them on mortgage as well.

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Top Reasons Homeowners Are Selling Their Houses Right Now

Keeping Current Matters

Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home.

Mortgages 227
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What does the new normal for first-time homebuyers look like?

Housing Wire

Before the pandemic, the historical average of annualized house price growth was approximately 4%. Yet, pandemic-era dynamics exacerbated an already large housing demand and supply imbalance, fueling record-breaking annual house price growth, peaking at nearly 21%. Today, as affordability wanes and housing supply ticks up, house price growth is decelerating and will likely continue to trend towards its historical average.

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Inside a Chic Waterfront Escape on Cape Cod

Sotheby's International Real Estate

For those in the know, the timeless coastal village of Osterville has long been a destination for living the quintessential Cape Cod life. Denizens of its shady, breezy lanes and enduring shingled homes enjoy a charming Main Street, fashionable shops, intriguing galleries, fine restaurants, and the amenities of two country clubs. This timeless 5,400-square-foot residence on the shore of North Bay is a luxurious “home base” for reveling in all that the area offers—including the waters of Nantucke

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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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Fifth Third Bank unveils new warehouse lending business

Housing Wire

Cincinnati-based Fifth Third Bank NA, part of Fifth Third Bancorp, a regional lender with some $207 billion in assets, has launched a new warehouse-financing arm that will serve independent mortgage bankers. The lender ’s new warehouse financing arm will be led by Donnie Martin, who has more than 25 years of mortgage industry experience. Martin, Firth Third’s group head of mortgage warehouse finance, along with a team of warehouse lending professionals, will be based in Dallas.

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Angel Oak launches 6th securitization deal this year

Housing Wire

Atlanta-based non-QM lender Angel Oak Cos. , through its mortgage-backed securities conduit Angel Mortgage Trust , has unveiled its sixth private-label securities (PLS) offering of 2022, even as fast-rising interest rates have jumped far ahead of the lower-rate legacy loans securing the deal. The average coupon is 5% for the pool of 795 non-qualified (non-QM) mortgages backing the current offering — dubbed AOMT 2022-6, valued at $389.3 million, according to a bond-presale report by Fitch Ratings

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How to Buy a Second Home and Rent the First

HomeLight

According to the National Association of Realtors, as of 2018, the median US homeowner owns their home for about 13 years. Many people, therefore, can expect to purchase more than one home in their lifetime. If you’re getting ready for your next move but are curious about hanging on to your current home to generate rental income, here’s how to buy a second home and rent the first.

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Existing home sales continued their slide in August

Housing Wire

Existing home sales continued to fall in August, as homebuyer demand cooled further as a result of the Federal Reserve’s inflation-busting policy. The seasonally adjusted sales rate for existing homes fell 0.4% month over month in August to a rate of 4.80 million, according to a report from the National Association of Realtors (NAR) released Wednesday.

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Which Mesa, Arizona Agents Rock Digital Marketing?

Realty Biz

According to Reffin, as of August, Mesa, Arizona, home prices were up 9.9% over the previous year. The median price was $450K, and most homes were sold within a couple of months on the market. However, home sales for August were also down by 274 compared to 2021. And things are trending downward now. So, with this in mind, now seems like a good time to profile local agents in this market with regard to their marketing and branding prowess.

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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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Mortgage applications rise ahead of Fed’s meeting

Housing Wire

Demand for mortgage loans increased for the first time in six weeks, ahead of the Federal Reserve ’s meeting on Wednesday, when observers expect at least another 75 basis points hike to the federal funds rate. According to the Mortgage Bankers Association (MBA), the market composite index , a measure of mortgage loan application volume, increased 3.8% for the week ending Sep. 16, compared to the previous week.

Mortgages 393
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Housing Permits Fall Back Again in August

Eye on Housing

In August, housing starts rebounded but housing permits declined for the second straight month. The August drop in building permits indicates that the housing market is continues to cool as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act as a drag on the market. Overall housing starts rose 12.2% to a seasonally adjusted annual rate.

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Homepoint the latest lender to raise conforming loan limits

Housing Wire

Ann Arbor, Michigan-based mortgage lender Homepoint has raised conforming loan limits ahead of the Federal Housing Finance Agency ’s (FHFA) decision expected to November. The decision follows that of competitors Rocket Mortgage , United Wholesale Mortgage , Pennymac and Finance of America. The company on Wednesday accepted a $715,000 conventional conforming limit for one-unit properties, up 10.5% from the current $647,200 level.

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Sellers’ Guide to Texas All Cash Home Buyers

HomeLight

Need to sell your house fast in the Lone Star state? Perhaps you’re leaving the city of Dallas for a relaxing retirement in Galveston Island or plan to relocate to scenic California. As you eye the next destination, Texas all-cash home buyers may view your current property as a safe investment in light of the state’s growing popularity. The Census Bureau estimates that between July 2020 and July 2021, Texas added 382,436 , claiming a bigger population increase than any other state.

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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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Lottery Opens for More Than 100 Affordable Units With Solar, A/C, Geothermal in East New York

Brownstoner

A lottery has launched for 129 truly affordable apartments in an under-construction development that will incorporate cutting-edge green technology at 573 Emerald Street in East New York. The apartments will be in Linden Terrace II, one of three buildings that make up the 548-unit Linden Terrace development. The eight-story Linden Terrace… Read More > The post Lottery Opens for More Than 100 Affordable Units With Solar, A/C, Geothermal in East New York appeared first on Brownstoner.

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How Will Artificial Intelligence Influence the Real Estate Market?

Realty Biz

The real estate market is in the midst of an unprecedented transformation because of artificial intelligence (AI) and machine learning. The adoption rate for this technology has been steadily growing since its introduction. Here are ways in which artificial intelligence will influence the real estate market : Home Buyers. Real estate agents can use AI to give customers access to more data about real estate.

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3 Rentals Right Out of College as a Young Dad and First-Time Landlord

Bigger Pockets

A successful investor finds their “why” where other people find excuses. Real estate investing isn’t without its challenges, but as you overcome more challenges, you become a better investor. Today’s […].

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Major Land Tax Changes Coming Soon for Queenslanders

Real Estate Investar

Land tax changes in Queensland could soon make it more expensive to own property in the sunshine state if you also own property in other parts of the country.

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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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DuckDuckGo is still the best way to break up with Google

The American Genius for Real Estate

DuckDuckGo is a search engine that doesn't listen to home recordings, sell you stuff, or track your every movement. They just give results.

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Transaction falling apart? Never say, “I’m sorry.”

Real Trends

As a broker-owner, I act as a CEO, coach, therapist, cheerleader and shoulder-to-cry-on for a few hundred professionals. I get to celebrate closings, successes and goals achieved, but also be there when deals are crashing, agents are threatened with litigation or are fired by their customers, and when their exclusive agreements are blatantly violated.

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Daily Links: Following Brooklyn Subway Shooting, MTA Will Install Two Cameras in Each Car Citywide

Brownstoner

In the News New York City Ends Private Employer Vaccine Mandate, Pushes Boosters [NYT] MTA to Install Security Cameras in Train Cars [NYT] NYC Reaches $1 Million Secured Against Owners of Zombie Properties [Eagle] F Train Suspended Most Weekends Through 2023, Starting Friday [BP] Scenes From BagelFest (Brooklyn’s Best Bagel Is From Connecticut) [BK Mag] New… Read More > The post Daily Links: Following Brooklyn Subway Shooting, MTA Will Install Two Cameras in Each Car Citywide appeared

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To Those Who Are Waiting

BubbleInfo

Here’s more click bait on the front page of the local paper, and most people won’t read any further – it’s too easy to decide to do nothing, which is fine. Wait as long as you want, and we will see where it goes. It’s a great plan if you’re a buyer and don’t care […].

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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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Time is money: How to determine how much your free time is worth

The American Genius for Real Estate

Everyone has an idea how much they feel like they should paid while working, but what about when not working - in your free time?

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Ed Kushins on 5 Biggest Mistakes to Avoid When Buying a Vacation Home

Realty Biz

As the founder of Vacation Property Partners, I encourage careful thought, analysis, and prudence before taking that big step to buy a vacation home,” states Ed Kushins , vacation property visionary, and entrepreneur. “Here are some things you can consider to mitigate some of the possible mistakes noted in the Yahoo Finance article.” Making an Emotional Investment.

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What exploring other cultures can teach us about leadership

The American Genius for Real Estate

There are those who enjoy "being in leadership” and then, there are those that are more interested in actually leading. Let's break it down.

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Rent Inflation Stays High but May Not Sustain Itself

Mashvisor

Just when you think it couldn’t get any worse, it did. Housing and rent are now the new gas, with rent inflation hitting consumers really hard.

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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.