Keeping Current Matters
OCTOBER 27, 2022
If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today.
Housing Wire
OCTOBER 27, 2022
On Thursday, the gross domestic product data for the third quarter showed the U.S. economy grew at a rate of 2.6%, breaking the negative GDP streak we had in the past two quarters. Does this mean the Federal Reserve needs to hike rates even more to get the recession they’re looking for, or is there a case for mortgage rates to go below 6% over the next six months?
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Eye on Housing
OCTOBER 27, 2022
Real GDP grew in the third quarter, after shrinking for the first two straight quarters of 2022. This quarter’s growth was mostly fueled by a decline in the trade deficit. More important, the data from the GDP report suggests that inflation is cooling. The GDP price index, rose 4.1% for the third quarter, down from a 9.0% increase in the.
Housing Wire
OCTOBER 27, 2022
Independent mortgage brokers are beginning to have the products and tech tools needed to compete with banks and large retail lenders, and customers are reaping the benefits of this growing channel. HousingWire recently spoke with Desmond P. Smith , chief growth officer for United Wholesale Mortgage, about the transition from retail to wholesale for brokers and what the future of the independent broker channel holds. .
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Eye on Housing
OCTOBER 27, 2022
Housing’s share of the economy edged lower at the end of the third quarter of 2022. This is the first quarter where GDP increased for 2022, with overall GDP increasing at a 2.6% annual rate, following a 0.6% decrease in the second quarter and 1.6% decrease in the first quarter. However, due to higher interest rates, housing’s share of GDP.
Housing Wire
OCTOBER 27, 2022
Everyone knows that the current market is a challenging environment for housing professionals, as high rates mean fewer originations and even less refi business. But according to Shant Banosian, Guaranteed Rate’s top-ranked loan officer, now is the time for LOs to show up and work hard. “In my opinion, this next 12 to 18 months are going to be the most important in all of our careers,” Banosian told HW Media CEO Clayton Collins in a session at HousingWire Annual: The Remix.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 27, 2022
Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Borrowers are now seeking options to reduce their initial mortgage payments while hoping that rates will decline enough to warrant a refinance in the next few years. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose 14 basis points from last week to 7.08%, accelerating its up
Lighter Side of Real Estate
OCTOBER 27, 2022
Home and Garden Television, better known as HGTV, is a great way to get your real estate fix without leaving the comfort of your own home. You can vicariously sell a house, buy a house, flip another, and go look for a vacation home in the matter of a couple of hours. It can almost make you feel like a real estate expert if you’re not careful! The next thing you know, you’ll be getting up off the couch and becoming a real estate agent.
Housing Wire
OCTOBER 27, 2022
Homebuyer affordability, the silver lining in a cooled down housing market , took a huge hit in September as surging mortgage rates led monthly payments to rise. The national median payment applicants applied for increased by 5.5% to $1,941 in September, up from last month’s $1,839, according to the Mortgage Bankers Association (MBA). MBA’s PAPI, which measures how new monthly mortgage payments vary relative to income, rose 5.5% to 163.6 in September from 155 in August, reversing a four-month-co
HomeLight
OCTOBER 27, 2022
Whether your home is 25 or more than 100 years old, clues to its precise age can often be discovered with the right detective work. In order to help you uncover the secret of your home’s age, we talked to a top expert and researched the best alternatives you’ll need to answer that curious question, “How old is my house?”. Ranked among the top 100 real estate agents in the U.S., Edward Kaminsky from Manhattan Beach , California, knows the best methods to find out the age of your home.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Housing Wire
OCTOBER 27, 2022
LoanLogics on Thursday announced changes to its executive leadership positions, with Dave Parker stepping in as new CEO upon the departure of CEO Bill Neville. . Neville said he is leaving LoanLogics, a data-driven mortgage audit, income calculation and loan quality software provider, in the “capable hands” of Parker. “Dave Parker understands the business side of mortgage lending and has brought to market new solutions that cut to the core of what the mortgage industry needs,” Neville said in a
Sotheby's International Real Estate
OCTOBER 27, 2022
Stylish, innovative, disruptive—while this is how one might describe the allure of non-fungible tokens (NFTs), they’re qualities that are also in high-demand for luxury property buyers. . NFTs are digital assets, often in the form of art, with their uniqueness as the driving force behind their value. Most exceptional luxury homes are also coveted for their singularity, whether due to a rare location, unparalleled architecture, or distinctive design.
Housing Wire
OCTOBER 27, 2022
California-based Pennymac Financial Services delivered an increased profit in the third quarter of 2022, mainly due to the performance of its servicing portfolio. . However, the company has been looking at the challenges ahead and has started to estimate the impacts of a recession on its businesses while monitoring the need for more cost savings initiatives. .
BubbleInfo
OCTOBER 27, 2022
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 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 $1,795,000 […].
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Bigger Pockets
OCTOBER 27, 2022
The rent boom that’s impacted nearly every U.S. market over the last two years is over. Since the middle of 2020, rents have soared in the United States, well before […].
Coldwell Banker
OCTOBER 27, 2022
Coldwell Banker supports the St. Jude mission to Finding cures. Saving children. The post Coldwell Banker Raises More Than Half Million Dollars After Another Year of Partnership with St. Jude Children’s Research Hospital® appeared first on Coldwell Banker Blue Matter.
Realty Biz
OCTOBER 27, 2022
Prevu , a real estate technology company on a mission to empower homebuyers, today announced that the company has completed the acquisition of assets pursuant to an asset purchase agreement with Reali, Inc. The acquisition was completed on October 14, 2022. Terms of the asset transaction include the transfer of all technology and intellectual property rights related to Reali, Inc.’s mortgage business, Reali Loans.
Bigger Pockets
OCTOBER 27, 2022
US housing markets have started to shift. The massive run-up in home prices eventually led us to high interest rates, high inflation, and a generation of renters who can’t afford […].
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Realty Biz
OCTOBER 27, 2022
When it’s time to sell your home, you may consider keeping it in the family. Selling to a family member has its advantages. You can save big on Realtor fees and fast-track the selling process. But it can also be risky. Mixing family and money can be tricky, but that doesn’t mean it can’t work — as long as you establish some ground rules. Read on for four helpful tips to consider when you're selling a house to a family member.
Bigger Pockets
OCTOBER 27, 2022
Unless you’re a money nerd, knowing how to start investing from scratch isn’t as easy as it seems. With so many options out there and the economy faltering, how do […].
Real Trends
OCTOBER 27, 2022
It’s one of the most common questions an agent gets asked, and yet when a client asks it, do you know how to respond? The question is, of course, “How’s the housing market?”. This is always an important question to be able to answer with confidence and insights that buyers and sellers can relate to. But with all the uncertainty around what’s happening in real estate right now, being able to respond to it has never been more crucial to your success.
BubbleInfo
OCTOBER 27, 2022
The biggest fear for the North San Diego County coastal region is a meltdown in Bay Area prices. It’s been estimated that 50% or more of the buyers who were bidding up homes here during the frenzy are from the Bay Area, and Silicon Valley in particular. If prices were to drop 23% to 30% […].
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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.
Realty Biz
OCTOBER 27, 2022
Personal loans, home equity: the financial advisors at AdvanceSOS share everything about home improvement loans in this comprehensive guide. Home Improvement Loans: The Updated Guide. Home renovations are a big deal: whether you are making massive changes or modifying your home just a bit, you are sure to spend quite a lot of money on them. Even though this might seem stressful, many tools help you go through this process with little worry.
Tom Ferry
OCTOBER 27, 2022
The Treasure Map that Demystifies the Months Ahead: Your 2023 Real Estate Business Plan Here’s the deal… Without a written real estate business plan in place, you’re simply rolling the dice with your future. And I just can’t figure out why anyone would choose to gamble with that. This is your life, so shouldn’t you […]. The post Crafting the Perfect 2023 Real Estate Business Plan appeared first on Tom Ferry.
Realty Biz
OCTOBER 27, 2022
According to Zillow, the housing market in Dallas is expected to rise by 4.2% by July 2023. Home value has increased by 27.1% in the past year alone. In Texas, Dallas is perceived as the most affordable place to live, contributing to the increased demand for accommodation. Despite the rise in prices, there has been an evident downturn in demand for housing in Dallas.
Brownstoner
OCTOBER 27, 2022
On the first floor of a bow-fronted East Flatbush row house, this floor-through apartment offers a decent amount of space, some period details and a renovated kitchen. The house at 150 East 35th Street dates to the early 20th century and was constructed as a two-family. While the wood floors are… Read More > The post East Flatbush Floor-Through With Wood Floors, Built-ins, Wi-Fi Asks $2,150 a Month appeared first on Brownstoner.
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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.
RISMedia
OCTOBER 27, 2022
By Dixie Somers Your home's roof takes a beating every day of the year, so storm damage is bound to happen eventually. Some possible forms of damage include stripped shingles from heavy winds, tree damage, water damage, and more. It's crucial to immediately address any roof damages, otherwise a small issue can develop into […]. The post 4 Ways to Repair Roof Damage After a Storm appeared first on RISMedia's Housecall.
Brownstoner
OCTOBER 27, 2022
Got a project to propose for The Insider? Please contact Cara Greenberg at caramia447 [at] gmail [dot] com. The conversion to condos of a century-old, multi-family corner building just outside the Park Slope Historic District presented unusual opportunities for the architectural design of its interiors. Because the building is much wider than it… Read More > The post The Insider: Wall of Windows Distinguishes Architectural Design of Park Slope Duplex appeared first on Brownstoner.
Realty Biz
OCTOBER 27, 2022
The Asian Real Estate Association of America , soon to celebrate its 20 th anniversary with more than 17,000 members, is applauding The Federal Housing Finance Agency (FHFA) for validating and approving the use of both the FICO 10T credit score model and the VantageScore 4.0 credit score model for use by Fannie Mae and Freddie Mac. AREAA, since its 2003 inception, has advocated for years to have alternative forms of credit outside of traditional FICO scores be recognized by lending institutions.
Brownstoner
OCTOBER 27, 2022
In the News More Than 100 NYC Middle Schools Will Drop Selective Screens [NYT] More Than 104,000 New York City Students Were Homeless Last Year [NYT] NYPD Apologizes to Woman Whose Dog Was Killed in Prospect Park [NYDN] Are the BQE Workshops an Empty Exercise? [Eagle] Charlie and the Giant, Accidental, Park Slope Pumpkin [Patch] Trick… Read More > The post Daily Links: Brooklynites Question Why Previous Studies, Plans Take Back Seat in BQE Process appeared first on Brownstoner.
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