Tue.Aug 02, 2022

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3 Graphs To Show This Isn’t a Housing Bubble

Keeping Current Matters

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble.

Marketing 243
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VA now accepting desktop and exterior-only appraisals

Housing Wire

The Department of Veterans’ Affairs announced last week that it would allow desktop and exterior-only appraisals for some transactions. The changes took effect July 27. In a department memo, the VA explained that the move was a response to “high demand for appraisal services and limited availability of appraisers in certain local market areas.”. But the VA said that its “willingness to accept” alternative appraisals was not a substitute for an appraisers’ assessment of the appropriate scope of w

Finance 370
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Younger buyers drive homeownership rate in Q2 2022

Real Trends

Despite rising home prices , rents and mortgage rates , nationwide, the homeownership rate was up and the rental vacancy rate was down during the second quarter of 2022 compared to a year prior, according to data released Tuesday by the U.S. Census Bureau. During the second quarter, the homeownership rate rose to 65.8% from 65.4% a year prior, which the reports notes is not a statistically significant difference.

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Freedom Mortgage launches MSR-backed private-label offering

Housing Wire

The mortgage servicing rights (MSR) market is continuing to pump out new deals. Freedom Mortgage , one of the country’s largest mortgage servicers, recently unveiled its second private-label offering this year backed by MSRs. In addition, two mortgage advisory firms are out with three new MSR bulk-sales offerings involving agency loan portfolios exceeding $1.4 billion in value combined.

Mortgages 393
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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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Appraisal Myths Too Many Sellers Believe

Maximum Exposure Real Estate

Home Appraisal Myths You Need to Know The home appraisal process can be nerve-wracking for many sellers. You probably already listed your home, and even received an offer, and now someone is coming in to tell you what the house is worth? Someone who can quickly state a price that sinks your sale? It only […]. The post Appraisal Myths Too Many Sellers Believe appeared first on Maximum Real Estate Exposure.

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More Trending

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FTC nails Opendoor with $62M fine for misleading consumers

The American Genius for Real Estate

Opendoor has been fined millions for their claims of "more accurate offers and lower costs." The FTC says the opposite is true. The post FTC nails Opendoor with $62M fine for misleading consumers appeared first on The American Genius Real Estate.

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Which mortgage tech advancements are making the biggest impact? 

Housing Wire

Getting a mortgage is becoming an increasingly digital experience, with lenders and borrowers benefiting from saved time and fewer hiccups. HousingWire recently spoke with Kosta Ligris, CEO and co-founder of Stavvy, about how the mortgage tech journey has expanded beyond eClosings and is reaching all corners of the mortgage industry, from appraisal and valuation to internal workflows and processes. .

Mortgages 378
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How to deal with clients who are consistently late

The American Genius for Real Estate

When your day is stacked with client meetings, one late appearance can throw everything off - here's how to stay on track. The post How to deal with clients who are consistently late appeared first on The American Genius Real Estate.

Brokerage 113
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The economics behind a permanent forbearance plan

Housing Wire

Foreclosures cost a lot of money. A conservative estimate of the financial toll on the borrower, the creditor, the guarantor and the surrounding community shows a foreclosure can cost upwards of $65,000. Letting borrowers skip monthly payments for a period, through a permanent forbearance option, could help avoid that financial loss. Researchers at the Urban Institute argue that forbearance should be the first step in the standard foreclosure-prevention toolkit.

Finance 368
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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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Inside Sofia Vergara’s Beverly Hills Home

Sotheby's International Real Estate

Although known primarily for her Emmy-winning turn on American television, Colombian-born superstar Sofia Vergara has also brought her natural beauty and grace to her work as a producer, spokesperson, and philanthropist. This seven-bedroom Beverly Hills estate, which Vergara shares with her husband and fellow Hollywood luminary, Joe Manganiello, was built in 2006.

Design 111
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Endpoint launches scalable title features for proptech integration

Housing Wire

First American Financial Corporation ’s digital closing platform firm Endpoint is now offering a suite of integrated title tools specifically designed for proptech companies, investors and tech-forward real estate organizations looking for a scalable digital closing platform. Endpoint said its new solutions include APIs that automatically open title orders, track transaction statuses, exchange documents, and provide title agents and their clients with custom reporting features and notifications.

Title 371
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Are ‘Terminated’ Listings Out Of Control?

Toronto Realty Blog

TorontoRealtyBlog. Did you know that Arnold Schwarzenegger was my hero when I was younger? True story. I was one of the very fortunate few who got to experience this thing called a “laser-disc player” in 1992. What in the world is a laser-disc? Well, if you consider that when it comes to music and audio technology, we first had cassettes , and then benefited from the improved technology that compact discs offered, it was the exact same thing for video!

MLS 106
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Don’t miss the Vanguard Forum at HW Annual Oct. 4

Housing Wire

Since we first started recognizing our HousingWire Vanguard award winners years ago, one key theme has been very clear — Vanguard honorees all share an unmistakable impact on the industry at-large. This immense impact on the industry is why we’re thrilled to bring some of the greatest housing leaders of all time together for our inaugural Vanguard Forum at HousingWire Annual.

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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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The 5 Minute Floorplan

GeekEstate Agents & Brokers

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: CubiCasa]. Floorplans are a very attractive listing feature for capturing potential leads. Utilizing mobile-scan technology to provide real estate agents and appraisers with an intuitive, easy way to generate a home’s floor plan, CubiCasa allows users to create the floorplan by scanning their home through their phone’s camera.

MLS 101
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How to set your marketing team up for success

App Folio

In 2021, when businesses were reevaluating standard operating procedures in light of the shakeup caused by the pandemic, AppFolio worked.

Marketing 116
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Second Quarter of 2022 Homeownership Rate at 65.8%

Eye on Housing

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.8% in the second quarter of 2022, which is statistically unchanged from the last quarter reading (65.4%). The national rental vacancy rate slipped to 5.6%, while the homeowner vacancy rate stayed at 0.8%. Both rental and homeowner vacancy rates are hovering near historical lows, reflecting tight housing.

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How to Check for Mold Before Purchasing a Home

RISMedia

By Anica Oaks Buying a new house means that you're likely to check out a number of features, including the home's structural integrity, heating and cooling systems, and square footage. You also have to look for mold. Mold is more than just an unsightly substance with aesthetic disadvantages. Having mold in the home can threaten […]. The post How to Check for Mold Before Purchasing a Home appeared first on RISMedia's Housecall.

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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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Real Estate Client Retention: 3 Strategies for Keeping Past Clients on Your Roster

Realty Biz

Make it personal. Success in this business is directly related to the relationships you build over time. How do you do that? Spend $50 a day on building one-on-one relationships with clients focused on two-way communication. Schedule a lunch with a past client, grab coffee with a friend, drop off flowers for a special occasion, pay for the person behind you at the drive-through or send handwritten notecards.

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Brooklyn Real Estate Listings Six Months Later: Three Sold, One Still Available

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Bay Ridge, Red Hook, Ditmas Park and Brooklyn Heights. How did they fare? This spacious one-bedroom co-op in Bay Ridge appears move-in ready, with immaculate wood floors, arched openings and a tidy… Read More > The post Brooklyn Real Estate Listings Six Months Later: Three Sold, One Still Available appeared first on Brownstoner.

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Insider Tips to Buying a Home in Today’s Market

Coldwell Banker

Tips for Buyers. The post Insider Tips to Buying a Home in Today’s Market appeared first on Coldwell Banker Blue Matter.

Marketing 111
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The Mix of Home Buyers Is Changing, Leading to Improved Affordability

Eye on Housing

For the first time since 2020, affordability expectations improved in the second quarter of 2022. After rising steadily for five straight quarters, the share of buyers who can only afford a minority of the homes for sale in their markets declined to 77%, down from 81% a quarter earlier. Conversely, the share able to afford at least half the homes.

Sales 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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Daily Links: Retail Foot Traffic Grows in Brooklyn Despite Population Dip

Brownstoner

In the News In Brooklyn, Her Champagne Wishes Came True [NYT] East Williamsburg Backyard Is Home to 800-Pound Flamingos [NYP] Outdoor Dining Destroys Quality of Life With Rats, Drugs, Noise: Suit [NYP] Food Banks Report Growing Needs as Prices of Basics Soar [DailyMail] Tourists Are Skipping Manhattan in Favor of Brooklyn, Study Finds [Patch] Flatbush Gardens… Read More > The post Daily Links: Retail Foot Traffic Grows in Brooklyn Despite Population Dip appeared first on Brownstoner.

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NSDCC Summer Update

BubbleInfo

The July stats have been updated on these interactive graphs of the 92009 (SE Carlsbad), 92024 (Encinitas), and 92130 (Carmel Valley) markets: We hear how the inventory has exploded, but compare it to history: Sales during the 2022 selling season have been similar to February/March numbers: It’s good to see the insane-bidding-over-the-list-price has slowed: We’ve […].

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This habit tracker shows you insights you might not want to know

The American Genius for Real Estate

The Haptic Life Tracker app documents your (good and bad) habits. But how much do you want to know? The post This habit tracker shows you insights you might not want to know appeared first on The American Genius Real Estate.

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Top 3 Vacation Spots in Central America

Realty Biz

Central America is a stunningly beautiful place to visit. Those who are lucky enough to visit the region can see truly picturesque vistas every day! The incredible scenery is part of why Central America is a key tourist destination for millions of visitors worldwide. Another reason for its appeal is that the region focuses more on giving someone more bang for their buck, especially regarding rentals and luxury real estate vacation homes.

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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.