HomeLight
JUNE 16, 2022
At HomeLight, we believe the future of real estate lies in the hands of the best agents across the country. . In January 2020, we launched HomeLight Cash Offer ® mere weeks before the COVID-19 pandemic hit. And the months and years that followed have seen record-setting inventory shortages, a steep growth in home values, and intense bidding wars — perhaps one of the most volatile periods our industry has ever seen. .
Housing Wire
JUNE 16, 2022
neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand.
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Keeping Current Matters
JUNE 16, 2022
Experts in the real estate industry use a number of terms when they talk about what's happening with home prices.
Housing Wire
JUNE 16, 2022
Fannie Mae lowered its projections of mortgage originations and home sales for 2022 as mortgage rates continue to climb. Fannie Mae’s Economic and Strategic Research (ESR) Group revised its projected mortgage origination volume to $2.6 trillion in 2022 and $2.2 trillion in 2023. In May, Fannie Mae dropped its mortgage origination volume projection for 2022 to $2.7 trillion and $2.25 trillion for 2023, down from the respective $2.8 trillion and $2.41 trillion projected the previous month. .
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The Mortgage Report
JUNE 16, 2022
Today’s mortgage and refinance rates Average mortgage rates fell significantly yesterday. True, those for conventional 30-year, fixed-rate mortgages remain just above 6% by some counts. But the decrease was very […].
Housing Wire
JUNE 16, 2022
Fannie Mae and Freddie Mac plan to charge a new 50 basis-point fee for certain structured-finance offerings that use co-mingled agency securities as the underlying collateral. . The fee will apply to securities issued through structured-finance offerings known as Supers, and separately, real estate investment conduits (REMICs). Through these vehicles, the uniform mortgage-backed securities (UMBS) of one government-sponsored enterprise (GSE), such as Fannie Mae, are co-mingled with UMBS from t
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JUNE 16, 2022
The Government Accountability Office this week reminded the Department of Housing and Urban Development (HUD) of some ways it could improve its operations. Among the recommendations , the congressional watchdog said HUD needs to improve internet technology management and that Ginnie Mae , a guarantor for federally backed loans, needs to address “staffing-related challenges.” Both points are reiterations of what the GAO previously flagged in 2014 and 2019, respectively.
Brownstoner
JUNE 16, 2022
For more than a decade, South Bushwick Reformed Church has fielded concerns and complaints from passersby who say its steeple looks about ready to topple over. But the new year has brought a second chance for the towering structure atop the 169-year-old Greek revival building that was damaged by a… Read More > The post The Saga of Bushwick Church Steeple Comes to an End, But Pastor Says Help Is Still Needed appeared first on Brownstoner.
Housing Wire
JUNE 16, 2022
Purchase mortgage rates climbed 55 basis points, reflecting surging inflation and the Federal Reserve ‘s (The Fed) tightening monetary policy. According to the latest Freddie Mac PMMS, purchase mortgage rates this week averaged 5.78%, compared to 5.23% the week prior. A year ago at this time, 30-year fixed rate purchase rates were at 2.93%. “Mortgage rates surged as the 30-year fixed-rate mortgage moved up more than half a percentage point, marking the largest one-week increase in our surv
The Close
JUNE 16, 2022
Finding the perfect real estate closing gift for every buyer and seller you work with isn’t easy. That said, if you get it just right, you will not only have a referral source for the next few months, but you could create an evangelist of your services for life. The tricky part isn’t figuring out what your client wants (we include some sneaky ways to find out at the end of the article).
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
JUNE 16, 2022
The pain in the housing industry caused by spiking interest rates isn’t shared by all sectors — specifically the mortgage-servicing rights (MSR) market. The MSR market has made a strong showing during the first half of the year, despite the market tumult. Recently, two MSR sales offerings were announced by two separate advisory firms, which together are valued at more than $1.4 billion.
Brownstoner
JUNE 16, 2022
When the architectural firm of Emery Roth, best known for the Renaissance Revival-style San Remo on Central Park West, designed a pale brick 17-story apartment building on Prospect Park West in the late 1920s, expansive windows were not part of the scheme. Somehow, a 1,600-square-foot penthouse apartment with a lofted… Read More > The post The Insider: Views, Views Everywhere Following Gut Reno of Duplex Penthouse in Park Slope appeared first on Brownstoner.
Housing Wire
JUNE 16, 2022
Proptech HomeLight raised $115 million in capital and acquired Accept.inc. , despite a challenging mortgage market in which real estate brokerages are laying off staff. The Scottsdale, Arizona-based company secured $60 million in equity and $55 million in debt financing, according to a Thursday news release from the firm. “We’ll use the $115M in equity and debt capital to continue to fuel operations and meet the high demand from top agents for our flagship financial products, HomeLight Cash Offe
Realty Biz
JUNE 16, 2022
Magic. What goes through your mind when you see that word? Or hear it? Depending on who you are, it could be anything from Cinderella’s fairy godmother to Harry Potter’s wand. But, I think I’m safe in saying that you probably didn’t think of either email management or schedule management. Am I right? If you did think of those two things, then comment below…we’ve got to talk.
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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.
Housing Wire
JUNE 16, 2022
The Mortgage Bankers Association (MBA) nominated Laura Escobar, president of Lennar Mortgage to serve as vice chair for the 2023 membership year. Her term will begin in October, in which she will be sworn in at the association’s 109th annual convention in Nashville, Tennessee, the MBA said Wednesday. Escobar’s background will ensure members’ “commitment to advancing homeownership and affordable rental housing opportunities nationwide,” said Kristy Fercho, 2022 MBA chair a
Brownstoner
JUNE 16, 2022
This narrow but well equipped triplex in the Greenpoint Historic District would seem to have most everything a family needs but, as so often seems to be the case with rentals these days, it is not exactly inexpensive. (For those keeping score, last week's pricey rental is already taken.) Located on… Read More > The post Greenpoint Queen Anne Triplex With Four Bedrooms, Terrace, 11 Closets Asks $8,000 appeared first on Brownstoner.
Realty Biz
JUNE 16, 2022
Matt Laricy, Managing Broker of Laricy is the top reviewed real estate agent in Chicago. Today, we will focus our attention on one of America’s most important property markets. Chicago deserves a tight focus now, especially with a looming recession in view. With Compass and Redfin having just announced massive layoffs, sellers in particular, are going to need to find truly superhuman professionals in the coming months.
Brownstoner
JUNE 16, 2022
In the News Brooklyn Students Get Chance to Explore Nature, a Future in STEM [BK Paper] The World’s Biggest Bounce House Is Coming to Marine Park [BK Mag] City’s Office Occupancy Hits Pandemic Era Milestone [The City] Confusion as Restaurateurs Wait for Concrete Outdoor Dining Plan [The City] What Gun Ruling Could Mean for Mass… Read More > The post Daily Links: As City Commits Billions to Housing, Red Hook Students Protest NYCHA Conditions 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.
Realty Biz
JUNE 16, 2022
The Federal Reserve just announced its largest interest rate increase since 1994 and the move is expected to have a serious impact on the housing market, economists believe. While the Fed’s key interest rate doesn’t directly affect mortgage rates, it does have a very strong influence on them. On Wednesday, the Federal Open Market Committee announced it had decided to increase the benchmark funds rate by 0.75% to help rein in inflation that is now at a 40-year high.
Brownstoner
JUNE 16, 2022
Outdoor movies had a limited run in Brooklyn Bridge Park last summer, but this year a full calendar is back with eight movies to enjoy from the comfort of a picnic blanket. The featured movies were chosen with the theme of “Away We Go” in mind, and mix action… Read More > The post ‘Movies With A View’ Returns for Another Summer Season at Brooklyn Bridge Park appeared first on Brownstoner.
Real Trends
JUNE 16, 2022
Looking for a fun and educational way to pass the time while driving to your next showing or on your morning walk? We founded up 21 of the best real estate podcasts that cover subjects and interviews of relevance to real estate professionals. The real estate podcasts below can be found across various platforms such as Apple , Google Play , Spotify , YouTube , and Audible , among others.
BubbleInfo
JUNE 16, 2022
Seeing how the government got us into this, let’s note that they are willing to carry some of the burden of higher mortgage rates. At today’s rates, buyers can write off twice as much mortgage interest! Signed in 2017, the Tax Cuts and Jobs Act (TCJA) changed individual income tax by lowering the mortgage deduction […].
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.
The American Genius for Real Estate
JUNE 16, 2022
(TECHNOLOGY) As a real estate agent, its tempting to give out your number to whoever asks for it. But be cautious of what exactly you're giving out. The post Do you give out your phone number? You may want to rethink… appeared first on The American Genius Real Estate.
BubbleInfo
JUNE 16, 2022
Now he’s done it. Chairman Powell’s remarks yesterday (and my comments at bottom): Rates were very low. A good place to start is rates were very very low for quite a while because of the pandemic and you know the need to do everything we could to support the economy when unemployment was 14% and […].
Tom Ferry
JUNE 16, 2022
If you’ve been paying attention, you know the importance of team building in today’s real estate environment. Where you’re going is always largely determined by who you’re going with, so no matter what role you’re hiring for, the people you choose matter. Whether you’re currently a team leader or looking to make those first hires, […]. The post Beyond the Resume: 5 Traits to Look for in Every Team Hire appeared first on Tom Ferry.
Sotheby's International Real Estate
JUNE 16, 2022
What is it about the Mediterranean coast that makes it such a paradisiacal place for a personal retreat? Perhaps it’s the juxtaposition of white sand beaches and translucent blue waters with beautifully preserved artifacts of history and culture, or the sense of peace brought on by the breathtaking tranquility of an open horizon. Of course, the most iconic way to vacation in the Mediterranean — whether temporarily or permanently — is with a seaside villa.
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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.
RISMedia
JUNE 16, 2022
By Brian Wallace Around the world, billions of financial transactions happen every day. That number includes 369 billion purchases, over 1 billion credit card transactions and 319,000 new credit originations. Fintech and modern banking have made a new world of commerce possible for billions of humans. Yet for every financial transaction or credit check, there […].
The American Genius for Real Estate
JUNE 16, 2022
(BROKERAGE) Spice up your office life! Create a friendly office competition and see if the sales prowess is limited to just homes. The post Sales Exercise: Can you sell water as well as you can sell a house? appeared first on The American Genius Real Estate.
BubbleInfo
JUNE 16, 2022
This is our third look this year at a house in the Ranch of Carlsbad – the other two closed over $4,000,000 (one famously at $1,000,000 over list). This property didn’t sell in the first month, probably due to the interior looking somewhat original and in the Ranch – where lots are at least a […].
Mashvisor
JUNE 16, 2022
The process of buying a house might come as second nature to most career investors. But for a beginner investor, it can be a terrifying idea.
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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