3 Graphs To Show This Isn’t a Housing Bubble
Keeping Current Matters
AUGUST 2, 2022
With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble.
Keeping Current Matters
AUGUST 2, 2022
With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble.
Housing Wire
AUGUST 2, 2022
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.
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Real Trends
AUGUST 2, 2022
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.
Housing Wire
AUGUST 2, 2022
Multichannel lender Finance of America (FoA) has laid off hundreds of employees across several rounds in the second and third quarters of 2022. The layoffs come amid a mortgage market downturn and a larger company restructuring, multiple current and former staffers told HousingWire. The Texas-based company reduced its workforce across centralized operations and branches, cutting processors, underwriters, appraisers and the support team, with its most recent layoff on July 15, sources said. .
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Maximum Exposure Real Estate
AUGUST 2, 2022
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.
Housing Wire
AUGUST 2, 2022
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. .
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 2, 2022
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.
The American Genius for Real Estate
AUGUST 2, 2022
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.
Housing Wire
AUGUST 2, 2022
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
Sotheby's International Real Estate
AUGUST 2, 2022
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.
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.
Housing Wire
AUGUST 2, 2022
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.
Toronto Realty Blog
AUGUST 2, 2022
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!
Housing Wire
AUGUST 2, 2022
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.
GeekEstate Agents & Brokers
AUGUST 2, 2022
[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.
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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.
App Folio
AUGUST 2, 2022
In 2021, when businesses were reevaluating standard operating procedures in light of the shakeup caused by the pandemic, AppFolio worked.
Eye on Housing
AUGUST 2, 2022
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.
Realty Biz
AUGUST 2, 2022
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.
RISMedia
AUGUST 2, 2022
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.
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.
Brownstoner
AUGUST 2, 2022
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.
Coldwell Banker
AUGUST 2, 2022
Tips for Buyers. The post Insider Tips to Buying a Home in Today’s Market appeared first on Coldwell Banker Blue Matter.
Eye on Housing
AUGUST 2, 2022
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.
Brownstoner
AUGUST 2, 2022
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.
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.
Realty Biz
AUGUST 2, 2022
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.
BubbleInfo
AUGUST 2, 2022
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 […].
Realty Biz
AUGUST 2, 2022
Portable power stations have come on by leaps and bounds in recent years. With faster charging times, smaller and more convenient designs, not to mention the great strides seen with solar panels, we are well and truly on the cusp of something big when it comes to portable power. Whether you’re looking for something to take camping or use as a backup power source in the home, the days of the diesel or gas chugging generator are coming to an end—and in its place comes the portable power of t
The American Genius for Real Estate
AUGUST 2, 2022
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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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.
BubbleInfo
AUGUST 2, 2022
This sold for $4,488,000 after 76 days on the market, which was $400,000 under the original list price (and $100,000 under the list price at time of sale). It is the second highest-priced sale ever of an attached home on the beach in Carlsbad!
Mashvisor
AUGUST 2, 2022
It’s important that you estimate rental income before investing in Airbnb. The best thing is that the process isn’t as hard as you might think.
Brownstoner
AUGUST 2, 2022
??A bankruptcy claim has temporarily paused a foreclosure sale that would put dozens of occupants of a Bay Ridge apartment building at risk of eviction after their landlord allegedly defrauded them out of hundreds of thousands of dollars. According to a lawsuit filed in Kings County Supreme Court and first reported… Read More > The post Foreclosure Sale of Bay Ridge Building Paused After Alleged Landlord Fraud appeared first on Brownstoner.
Redfin
AUGUST 2, 2022
Section 42 housing is a type of subsidized housing intended to assist renters with low income get safe, affordable housing. To qualify for a Section 42 apartment, you must meet income requirements, namely, you must make less than a percentage of your county’s average mean income (AMI) as defined by your local Department of Housing and Urban Development (HUD).
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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