Housing Wire
FEBRUARY 25, 2022
With refinance volumes anticipated to decrease by 62% this year and many originators experiencing layoffs, lenders are looking for a way to diversify their offerings with non-QM products and gain new business in order to maintain profits. “I think non-QM could be another money-making product for all of these originators,” said Keith Lind, executive chairman and president at Acra Lending.
Realty Biz
FEBRUARY 25, 2022
What is DOM? Days on Market, also known as DOM, is a widespread commercial term, which applies to all markets and products, be it a cake, a pair of shoes, or a real estate item. This concept has everything to do with the idea of “freshness” or actuality that any type of product has on a specific market. After a particular moment in time, any of these products becomes stale.
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Housing Wire
FEBRUARY 25, 2022
This week’s HW+ member spotlight features Chris Heller, chief real estate officer at OJO Labs , who has over 30 years of experience in the real estate industry. From Rookie of the Year in 1989, to serving as CEO for Keller Williams and mellohome , Heller has dedicated his career to delighting homebuyers and supporting agents. As chief real estate officer, Heller oversees all industry partnerships, creating a direct line between real estate professionals and OJO, and accelerating adoption in the
GeekEstate
FEBRUARY 25, 2022
Our “GEMbreaker” networking series continues…a round of (virtual) 1-on-1 conversations to meet a handful of amazing innovators. We’ve done more than 15 of these rapid-fire networking sessions previously, but this is the first time we’re focusing the marketing/audience/ connections on one specific topic by making it an Affordability Innovations event.
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Housing Wire
FEBRUARY 25, 2022
California-based mortgage lender WinnPointe Corporation , doing business as Interactive Mortgage , has started a reduction in its workforce of around 180 employees, after suffering more than $1 million dollars in losses. . The company announced that, in the last 12 months, it laid off 128 employees, including underwriters, loan officers, processors, administrative and funders.
BubbleInfo
FEBRUARY 25, 2022
This week, the Wall Street Journal ran a story entitled, ‘How Should Realtors Get Paid’ The author is a general freelance writer who describes herself as ‘a versatile writer with experience covering a wide range of topics. As a freelancer I contribute regularly to the Wall Street Journal, writing about personal finance, healthcare, aging and […].
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Brownstoner
FEBRUARY 25, 2022
The city has reached a $2.25 million settlement with a notorious pair of Brooklyn landlords who attempted to evict Crown Heights tenants during the pandemic in violation of the state’s moratorium, and who allegedly ran an illegal hotel operation in various properties across the borough for several years. The $2.25 million… Read More > The post Crown Heights ‘Eco-Yogi’ Landlords Agree to $2.25 Million Settlement Over Illegal Evictions, Rentals appeared first on Brownstoner.
Housing Wire
FEBRUARY 25, 2022
United Wholesale Mortgage (UWM) just sued two more broker shops that allegedly violated its controversial “ultimatum” by sending loans to rivals Rocket Mortgage and Fairway Independent Mortgage. The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors.
Realty Biz
FEBRUARY 25, 2022
The housing market in Charleston SC looks primed to have a record year in home price growth in 2022. Median home prices in Charleston have jumped by 23.76% in the past two years according to data from Zillow. Now key housing supply metrics and migration trends suggest that there’s still plenty of room for growth in South Carolina’s low country. Housing Inventory At Lowest Level In Last 5 Years.
Housing Wire
FEBRUARY 25, 2022
The Federal Housing Finance Agency (FHFA) on Friday finalized proposed changes to the enterprise regulatory capital framework. The amendments replace the fixed prescribed leverage buffer amount — currently 1.5% of an enterprise’s adjusted total assets — with a dynamic buffer equal to 50% of its stability capital buffer. Instead of a prudential floor of 10% on the risk weight assigned to any retained CRT exposure, the prudential floor would be 5%.
Advertiser: Trellis
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.
Sotheby's International Real Estate
FEBRUARY 25, 2022
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Paris, France | Jean-Joseph Pani, Propriétés Parisiennes Sotheby’s International Realty. Opulent looks with large proportions, this regal apartment in La Muette once belonged to a collector in the 17th and 18th centuries and has dazzling gilded mouldings featuring musical instruments and crown-topped pilasters with matching chandeliers.
The Mortgage Report
FEBRUARY 25, 2022
Today’s mortgage and refinance rates Average mortgage rates fell yesterday. But the decrease was much smaller than many expected. And it may be that Russia’s invasion of Ukraine will have […].
RIS Media
FEBRUARY 25, 2022
Some people are born excellent communicators, but for the rest of us, it is something we have to work at. As a real estate agent, your livelihood depends on your communication skills. A typo could cost your client the house of their dreams or alienate a potential client. Navigating the nuances of communication in a constantly changing world can be challenging for even the best communicators.
First Team Real Estate
FEBRUARY 25, 2022
Monica Fita Represents Buyers in Record-breaking $17.5 Million Sale of Mark Singer Masterpiece– More than a Decade in the Making. Experienced Real Estate Specialist Monica Fita, of the First Team Real Estate high end properties division in Newport Beach, ended the 2021 calendar year with an impressive transaction record, placing her among the top performing Newport Beach luxury agents.
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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.
RIS Media
FEBRUARY 25, 2022
Pending home sales continued to slide for the third straight month in January 2022, according to the National Association of REALTORS® latest Pending Home Sales Index (PHSI). Only the West saw an increase in month-over-month contract activity among the four national regions. All four regions suffered a year-over-year decline. Key findings: Contract signings fell by 5.7% in January to an index score of 109.5.
Brownstoner
FEBRUARY 25, 2022
You will have to do your own farm labor on this scenic property but the house itself, a circa 1850s wood frame, was renovated with a modern country vibe for use as part of a rentable rural experience. The just over nine acre property on the market at 1100 Harlemville Road… Read More > The post Restored Former ‘Curated Farm Stay’ Homestead in Ghent, Yours for $750K appeared first on Brownstoner.
RIS Media
FEBRUARY 25, 2022
The 30-year fixed-rate mortgage (FRM) averaged 3.89% this week, according to Freddie Mac’s most recent Primary Mortgage Market Survey (PMMS) released Thursday. Key findings: 30-year fixed-rate mortgage averaged 3.89% with an average 0.8 point for the week ending February 24, 2022, down from last week when it averaged 3.9%. A year ago at this time, the 30-year FRM averaged 2.9%. 15-year fixed-rate mortgage averaged 3.14% with an average 0.7 point, down slightly from last week when it averaged 3.1
Brownstoner
FEBRUARY 25, 2022
In the News Dramatic Photos Show Grand Prospect Hall Ripped Apart [NYP] Ben Crane, Attorney, Active in Fight for Brooklyn Bridge Park, Dies at 92 [Eagle] Bed Stuy Family-Run Martial Arts School Fighting to Stay in Business [BK Reader] New Security Hub Opens in Brooklyn to Fight Cyberattacks [BK Reader] New Bar Eavesdrop Set to… Read More > The post Daily Links: Park Slope’s Grand Prospect Hall Resembles Dollhouse as Demo Continues appeared first on Brownstoner.
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.
RIS Media
FEBRUARY 25, 2022
Ensuring confident homeownership and adding value to the client experience underpin the latest innovative features in home inspection. Buyers who are more informed about the home they’re considering are more likely to be comfortable with their decision in both the short and long term. Even in today’s often overheated market the opportunity for client education should not be overlooked.
Brownstoner
FEBRUARY 25, 2022
Our picks for open houses to check out this weekend are found in Park Slope, Greenpoint, Bed Stuy and Windsor Terrace. They range in price from $2.095 million to $5.25 million. In the Park Slope Historic District is an 1890s two-family of pale yellow brick and limestone that hasn't changed hands… Read More > The post Windsor Terrace House With Porch and Three More to See, Starting at $2.095 Million appeared first on Brownstoner.
RIS Media
FEBRUARY 25, 2022
ERA Real Estate, a member of the Realogy family of brands, has announced the affiliation of ERA Real Estate Modo. Modo is based in Myrtle Beach, S.C., and serves the “Grand Strand,” consisting of Myrtle Beach, North Myrtle Beach, Surfside, Garden City, Murrells Inlet, Litchfield and Pawleys Island. The Grand Strand is a popular retirement and vacation destination, with one of the lowest priced coastal markets in the eastern U.S.
BubbleInfo
FEBRUARY 25, 2022
When thinking about selling, homeowners (especially the long-timers) complain about paying the capital-gains tax on their net profit above the $250,000 exemption per person. With the rapid escalation in values lately, it has turned into a six-figure tax for many! Here’s something to think about and I’ll give credit to Doug because it’s been one […].
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.
RIS Media
FEBRUARY 25, 2022
Two of iBuying’s most prominent players, Opendoor and Offerpad, exceeded expectations by reporting impressive revenue growth in their respective earnings reports. However, while the companies were able to capitalize on the demise of Zillow Offers, an uptick in net losses proved to be problematic. . That was at least the case for iBuying giant Opendoor, which saw its stock value drop by more than 20% less than 24 hours after the company announced strong earnings increases in the fourth quarter of
Realty Biz
FEBRUARY 25, 2022
Owning a home is a quintessential part of the American Dream. While owning a home can be a smart long-term investment, a recent study found that 60% of U.S. homeowners have experienced buyer’s remorse after their purchase, with one in four saying they often regret buying their home. One of the chief reasons for that discontent: Owning a home costs more time and money than many expected.
RIS Media
FEBRUARY 25, 2022
The number of loans now in forbearance decreased by 11 basis points from 1.41% of servicers’ portfolio volume in the prior month to 1.30% as of January 31, 2022, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey released this week. According to MBA’s estimate, 650,000 homeowners are in forbearance plans. The share of Fannie Mae and Freddie Mac loans in forbearance decreased 4 basis points to 0.68%.
Realty Biz
FEBRUARY 25, 2022
The vast majority of homeowners say they’ve been faced with significant and unexpected costs within the first year of them buying a home. That’s according to a survey from the insurance firm Hippo, which found that 77% of home buyers have suddenly found themselves encumbered with a huge bill having already stretched their budget to buy a home. The unexpected costs are almost always the result of home repairs or maintenance, the survey found.
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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.
RIS Media
FEBRUARY 25, 2022
Everyone knows that one person. The person who never forgets a birthday or an anniversary. The person prepared for anything, with a smile (and a snack). The person who makes life seem like a walk in the park. What if we told you that you could be that person in your business and that the solution was simple? In fact, the solution is deceptively simple.
App Folio
FEBRUARY 25, 2022
At AppFolio, we’re passionate about telling the important stories of our diverse backgrounds and perspectives all year long, and this.
RIS Media
FEBRUARY 25, 2022
Real Living’s Carolina Lifestyles has announced the company will be affiliating with the CENTURY 21® System. Going forward, the firm will be doing business as CENTURY 21® Southern Lifestyles. Southern Lifestyles will be joining 14,250 other franchised broker offices independently operating under the CENTURY 21® brand. CENTURY 21® Southern Lifestyles Broker/Owner Lori Golden believes that access to the marketing, agent coaching and productivity platform offered by CENTURY 21® will help her team b
Eye on Housing
FEBRUARY 25, 2022
The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has disappointed. For 2021, there were only 12,000 starts of such residences.
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.
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