Tue.Nov 15, 2022

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Why It May Be Time To Add Newly Built Homes to Your Search

Keeping Current Matters

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.

Marketing 213
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Lending standards tighten due to high rates, worsening economic outlook

Housing Wire

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.

Lending 473
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Building Materials Prices Decline for Second Consecutive Month

Eye on Housing

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%).

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The role of borrower data in today’s housing market

Housing Wire

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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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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What Are Seller Concessions? Here’s Why They’re a ‘Win-Win for Both Sides’

Realtor.com

Getty Images In a real estate transaction, both the buyer and the seller are looking to maximize their bottom line. This means navigating the highs and lows of the real estate market and strategizing ways to improve the terms of the deal on the table. One type of incentive that buyers—and sellers—can use is called seller concessions. Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, a

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Home appreciation led to big gains for the MMI Fund in 2022

Housing Wire

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.

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Why non-QM borrowers aren’t going away anytime soon

Housing Wire

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.

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Here’s why handwritten cards should still be part of your real estate strategy

Real Trends

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.

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Did Home Prices Go Up?

BubbleInfo

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 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 [̷

Sales 105
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How Can I Generate More Online Leads For My Real Estate Business

Realty Biz

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.

Land 102
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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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Where US homebuyers are moving to for affordability

The American Genius for Real Estate

With interest rates skyrocketing, the housing market is cooling, but still some are moving to specific areas due to affordability, but where?

Marketing 113
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How Does a Mortgage Broker Get Paid?

Realty Biz

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.

Mortgages 101
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How to make work-life balance for yourself when your career won’t

The American Genius for Real Estate

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.

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The Archuletta Team Partners with First Team in New Office in Rancho Mission Viejo

First Team Real Estate

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.

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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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LeadingRE Solutions Group Announcement

1000Watt

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

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What Is a Promissory Note? What You’re Really Promising, Revealed

Realtor.com

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.

Loans 97
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Bed Stuy Welcomes Two Independent Bookstores on Tompkins Avenue

Brownstoner

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.

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Single-Family Permits Decline in September 2022

Eye on Housing

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.

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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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Sounding The Alarm: Two Lines Just Crossed. Here’s Why Investors Need To Be Really Careful.

Bigger Pockets

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 […].

Investor 100
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The Dean Aguilar Group joins The Real Brokerage

Real Trends

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.

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Gisele Bundchen Splashes Out $11.5M for a Pad Across From Tom Brady’s Mansion

Realtor.com

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.

MLS 82
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How to Avoid and Respond to Appraisal Board Complaints

McKissock

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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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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Beat Sticker Shock: The 10 Cities Where Buyers Have the Best Chance of Negotiating Home Prices Way Down

Realtor.com

Design by Realtor.com / Getty Images (4) Everyone’s heard about how high interest rates are making once-affordable homes nearly impossible to pencil out. And with few homes for sale across the country, and prices still historically high— even if they are coming down a little bit —potential buyers have been in a rough spot for most of 2022. But there are some metros that offer some hope for home shoppers—places where they might be able to submit a lowball offer under the seller’s asking pri

Sales 81
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Don’t Blame Real Estate Agents for Putting a Positive Spin on the Market

Lighter Side of Real Estate

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.

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Dino-mite! Dinosaurs Greet Visitors at $1.3M Jurassic-Themed Retreat

Realtor.com

MLS via Realtor.com For the dinosaur lover, or anyone wanting a short-term-rental property flaunting a pre-historic theme, it doesn’t get better than the Jurassic Retreat in Washougal, WA. With the push of a button, each life-sized, motion-controlled dinosaur moves and makes sounds—and they’re included with the purchase. The wild listing is asking for $1,299,000, represented by Louise James of Cascade Hasson Sotheby’s International Realty.

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Generation Blue Experience Resources

Coldwell Banker

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.

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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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Investing in 100-Year-Old Homes Straight Out of College and the “PRR” Method

Bigger Pockets

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 […].

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Global Fast-Fashion Giant Primark Set to Open at City Point in Downtown Brooklyn in December

Brownstoner

Primark, originally from Ireland, is expanding and plans to open at City Point in the former Century 21 space in December, City Point announced on Instagram. The company is now hiring part time, full time and seasonal employees at its Primark Recruitment Center at City Point, outfitted with a comfy… Read More > The post Global Fast-Fashion Giant Primark Set to Open at City Point in Downtown Brooklyn in December appeared first on Brownstoner.

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The Property Brothers Let the Emotions Flow on Season Premiere of ‘Celebrity IOU’

Realtor.com

HGTV Property brothers Jonathan and Drew Scott have returned with Season 5 of “ Celebrity IOU ,” and the premiere may be their most moving episode to date. In “Leslie Jordan’s Renovation,” the Scott brothers meet with comedic character actor Leslie Jordan , who won an Emmy for his iconic role as Beverly Leslie on “Will and Grace.” He’s hoping Jonathan and Drew can make over the home of his friends Rosemary and Newell Alexander , Hollywood producer

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Big Park Slope Edwardian Flat With Clawfoot Tub, Built-ins in Need of Work Asks $1.225 Million

Brownstoner

For an occupant who appreciates original details and has the means to renovate, this top-floor sponsor unit brimming with original features has a number of rare attributes and could make an exceptional home. On the plus side: Beaucoup original details, an unusually big footprint, two bathrooms, a top floor perch… Read More > The post Big Park Slope Edwardian Flat With Clawfoot Tub, Built-ins in Need of Work Asks $1.225 Million appeared first on Brownstoner.

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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.