Keeping Current Matters
NOVEMBER 15, 2022
If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market.
Housing Wire
NOVEMBER 15, 2022
Lending standards tightened in October, largely due to higher mortgage rates and the worsening outlook for the economy, the Mortgage Bankers Association (MBA) said. The mortgage credit availability index (MCAI) fell by 0.5% to 102.0 last month, marking eight consecutive months of decline. This caused it to reach its lowest level since March 2013, according to the MBA.
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Eye on Housing
NOVEMBER 15, 2022
The prices of building materials decreased 0.2% in October (not seasonally adjusted) following a 0.5% decline in September according to the latest Producer Price Index (PPI) report. The index has decreased four of five months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, was led 0.2% higher by prices of diesel fuel (+9.5%).
Housing Wire
NOVEMBER 15, 2022
Insightful borrower data and enhanced tech solutions are paramount to success in today’s modern mortgage industry. HousingWire recently spoke with Dan Catinella, chief lending officer at Total Expert, about how Customer Intelligence technology is improving deal flow and pushing the customer experience into the 21st century. . HousingWire: As mortgage lenders continue to look for ways to cut costs amid a high-rate environment, where are some key areas that they should still look to innovate?
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
Eye on Housing
NOVEMBER 15, 2022
Over the first nine months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 800,424. On a year-over-year (YoY) basis, this is 7.4% below the September 2021 level of 864,184. Year-to-date ending in September, single-family permits declined in all four regions. The South posted a modest decline of 5.4%, while the Midwest region reported the steepest.
Housing Wire
NOVEMBER 15, 2022
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) noted in a briefing on Tuesday that it managed to record another banner year for the Mutual Mortgage Insurance (MMI) Fund. The FHA’s MMI Fund achieved a capital reserve ratio of 11.11% as of September 30, an increase of three percentage points compared to 2021, according to FHA’s Annual Report to Congress, released on Tuesday morning.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 15, 2022
While originations are down due to a volatile mortgage market, the population of underserved borrowers who require non-QM products is on the rise. There will always be a population of borrowers who cannot qualify for a home loan under traditional guidelines. This significant pool of clients includes self-employed, real estate investors and those with credit events.
The American Genius for Real Estate
NOVEMBER 15, 2022
Sure, external factors can be a huge part of finding work-life balance, but the liberating truth is that sometimes, it's up to you.
Housing Wire
NOVEMBER 15, 2022
California-based mortgage lender loanDepot terminated a master repurchase agreement (MRA) with J.V.B. Financial Group, reducing its funding capacity amid sharply decreasing originations. “The maximum amount available for financing of mortgage loans and mortgage-related securities available under the MRA and certain ancillary documents was $750 million,” according to loanDepot’s 8-K filing disclosed on Tuesday.
Real Trends
NOVEMBER 15, 2022
Putting pen to paper through the end of the year will put you on the right track in 2023 ! Sometimes I find myself saying to my agents, “Real estate work is weird, isn’t it?” And it totally is. When people think about what real estate agents do, they picture them showing houses, writing contracts and handing over keys at the closing table.
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.
The American Genius for Real Estate
NOVEMBER 15, 2022
With interest rates skyrocketing, the housing market is cooling, but still some are moving to specific areas due to affordability, but where?
Better Dwelling
NOVEMBER 15, 2022
Canadian real estate found its footing last month, according to the industry. However, Canadian Real Estate Association (CREA) data tells a completely different story in the October numbers. Yes, seasonally adjusted home sales were higher than the month before, but it was still the worst October since the Global Financial Crisis. Home prices also saw […].
Coldwell Banker
NOVEMBER 15, 2022
The post CB Supports St. Jude: Gen Blue Donors Make an Impact appeared first on Coldwell Banker Blue Matter.
Realtor.com
NOVEMBER 15, 2022
Getty Images / MLS via Realtor.com Congress wasn’t a good fit for Madison Cawthorn —and neither was a full-time residency in North Carolina. The controversial single-term representative of North Carolina’s 11th district recently purchased a three-bedroom home in Cape Coral, FL , for $1,120,000. Cawthorn was the youngest member of the House of Representatives at the time of his election in 2020, but he lost a Republican primary for his district in May.
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Coldwell Banker
NOVEMBER 15, 2022
The 2022 Generation Blue Experience was unforgettable! In case you missed any of the action, check out the resources from the event. The post Generation Blue Experience Resources appeared first on Coldwell Banker Blue Matter.
Bigger Pockets
NOVEMBER 15, 2022
You’ve heard about the blue pill and the red pill. But have you heard about the blue line and the green line? You should. Because they recently crossed. Which could […].
Brownstoner
NOVEMBER 15, 2022
Two new bookstores have popped up on Tompkins Avenue in Bed Stuy, filling the hole left by Brownstone Books' closure 10 years ago. Full service bookstore The Word Is Change has set up shop at 368 Tompkins Avenue, opening its doors just over a year ago, and speciality used bookstore Dear… Read More > The post Bed Stuy Welcomes Two Independent Bookstores on Tompkins Avenue appeared first on Brownstoner.
Realtor.com
NOVEMBER 15, 2022
Timing can make a big difference in terms of selling your home quickly and for the most cash. But here’s the thing: The rules on pinpointing that best time might not be what you think. The assumption that spring is always the best time to sell is not necessarily true. The general direction of your local economy and mortgage interest rates come into play as well.
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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.
First Team Real Estate
NOVEMBER 15, 2022
ORANGE COUNTY, Calif. — Dave and Julia Archuletta don’t stop at helping their clients with the buying and selling process. The powerhouse that is the Archuletta team is opening an office in the Rancho Mission Viejo area and joining forces with First Team Real Estate. The Archulettas, longtime residents of Orange County, believe that once you’re a client, you’re a client and friend for life.
1000Watt
NOVEMBER 15, 2022
1000watt and Leading Real Estate Companies of the World align to boost independent brokers’ marketing and brand power. “1000watt Inside” added to LeadingRE’s Solutions Group Program, making marketing research, concepts, and advisory available to brokers seeking an edge. PORTLAND, OR – (November 15, 2022) – 1000watt , residential real estate’s leading brand and strategy agency, and Leading Real Estate Companies of the World, the global network of independent real estate companies, hav
Lighter Side of Real Estate
NOVEMBER 15, 2022
When you’re hearing news about home prices remaining high, and mortgage rates skyrocketing, you might wonder how a real estate agent can possibly claim it’s a great time to buy. Or, on the other hand, you read that sales prices are coming down and it’s taking longer to sell because rates have gone up, it may make you question how agents can claim that it’s a great time to sell.
Realty Biz
NOVEMBER 15, 2022
Generating leads is one of the primary functions of your digital marketing strategy as a real estate professional. Without leads, there can be no revenue, and if your current digital strategy isn’t generating new and potential customers, it can be hard to justify spending more on online marketing. This is how many real estate pros get stuck in the digital mud, and before you know it, years go by and you're still cold calling and leaving door hangers.
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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.
Realtor.com
NOVEMBER 15, 2022
maybefalse/iStock A promissory note is an important but often misunderstood part of getting a mortgage to buy a home. In the most basic terms, it’s a legal document you sign containing a written “promise” to pay a lender, says Scott A. Marcus , a shareholder in Becker & Poliakoff’s Real Estate Practice Group, in Fort Lauderdale, FL.
Realty Biz
NOVEMBER 15, 2022
In the first half of 2022, Mortgage lenders gave out 2.7 million loans ! Are you considering becoming a part of this thriving industry as a mortgage broker? Becoming a mortgage broker can be one of the most exciting careers you can start. However, you may be wondering what kind of compensation you will get for doing this kind of work. After all, you don't want to start a career and be uncertain about whether or not it can support your basic needs.
Real Trends
NOVEMBER 15, 2022
Publicly traded real estate brokerage The Real Brokerage Inc., expanded its network with the addition of The Dean Aguilar Group on Tuesday. The San Diego-based team, founded by Dean Aguilar in 2012, has 115 agents who closed more than $425 million in transactions in the past year. Aguilar’s professional career spans more than two decades in the real estate industry.
Realty Biz
NOVEMBER 15, 2022
It's not a sexy cocktail hour conversation but there is good money to be made in the mobile home market. There are several ways to make money at this lower end of the homeowner’s market. Seller-financed mobile homes are among the most profitable. The bottom line is that housing continues to become less affordable and Americans as a group are becoming poorer.
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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.
Bigger Pockets
NOVEMBER 15, 2022
To have something you’ve never had, you have to be willing to do something you’ve never done before. Today’s guests, Amy Wright and Mitch Mathern are doing something most people haven’t seen before, a twist on the BRRRR […].
BubbleInfo
NOVEMBER 15, 2022
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC Average and Median Prices by Month Month # of Sales Avg. LP Avg. SP Median LP Median SP Feb 224 $2,298,797 $2,257,334 $1,719,500 $1,758,000 March 252 $2,295,629 $2,260,524 $1,800,000 $1,825,000 April 357 $2,396,667 $2,403,962 $1,799,900 $1,828,000 May 300 $2,596,992 $2,581,715 $1,900,000 $1,994,500 June 348 $2,509,175 $2,537,953 $1,900,000 $1,967,500 July 311 $2,421,326 $2,442,738 [̷
Realtor.com
NOVEMBER 15, 2022
Getty Images / MLS via Realtor.com Brazilian supermodel Gisele Bündchen recently closed on an $11.5 million luxury home in Surfside, FL, that is located just across the water from Tom Brady ‘s Indian Creek Island megamansion , Realtor.com® can confirm. The five-bedroom home was built in 1981 and features just under 4,000 square feet of space. But perhaps the views clinched it for Bündchen.
McKissock
NOVEMBER 15, 2022
Disciplinary complaints against appraisers are becoming more and more common. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. However, there are steps you can take to protect yourself against becoming the subject of a lawsuit or disciplinary action.
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