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. .

Banks 397

Banks Loans Mortgages Industrial 397

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.

Marketing 203

Marketing 203

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.

Loan Officer 384

Loan Officer Mortgages Loans Technology 384

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 […].

Sales 129

Sales 129

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Agents

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

Mortgages 384

Mortgages Fixed-rate mortgage Loan Officer Seller concession 384

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.

Design 110

Design As-is 110

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.

House Flipping 109

House Flipping Agents As-is 109

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. .

Principal 379

Principal Loans Equity Mortgages 379

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% […].

Marketing 105

Marketing 105

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.

Residential 102

Residential Construction 102

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.

Loans

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.

Technology 95

Technology Mortgages Brokerage Finance 95

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.

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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.

Agents 82

Agents Marketing Branding As-is 82

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 […].

Marketing 85

Marketing 85

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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.

Sales

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.

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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.

Renovation 76

Renovation Construction Marketing 76

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 […].

Marketing 75

Marketing 75

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.

Design 75

Design Renovation 75

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.

Agents

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.

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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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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.

Development 91

Development 91

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.

Loans 64

Loans Lending Finance Closing 64

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.

Agents

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 […].

Finance 68

Finance 68

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?

Mortgages 543

Mortgages Marketing As-is Construction 543

Brownstoner

OCTOBER 27, 2022

Tenants of a rent-stabilized Sunset Park apartment building that was ravaged by a fire last fall have filed a lawsuit against their landlords and city and state regulatory agencies, claiming the building’s owners have made illegal changes to their apartments in an attempt to permanently displace residents. Landlords made changes to… Read More > The post Rent-Stabilized Sunset Park Tenants Displaced by Fire File Suit Against Landlords and DOB appeared first on Brownstoner.

Marketing 40

Marketing 40

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

Fixed-rate mortgage 384

Fixed-rate mortgage Mortgages Sales Loans 384

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Agents

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.

Construction 98

Construction Agents Renovation As-is 98

Realty Biz

OCTOBER 27, 2022

If you're looking for a new business or investment vehicle, real estate is one that is foundational to wealth-building. New home constructions have a combined value of more than $514 billion. When you'd like to stay up-to-date with changes in the housing market so that your efforts pay off, you need to understand how technology is playing a role. Perhaps more than any other industry, technology will dictate the way we move forward with real estate.

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Technology Marketing Construction As-is 117

HomeLight

OCTOBER 27, 2022

If the ongoing talk about whether we’re in a recession has you worried about your job, your home, and affording everyday necessities, you’re not alone. Among 2,000 people in a recent survey , 59% expected a recession by the year’s end, with inflation (88%), housing costs (61%), and rising interest rates (56%) among their top concerns. President Joe Biden said this month that a “slight recession” is possible, adding, “I don’t anticipate it.

Finance 102

Finance Agents Sales Investor 102

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.

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Loans Equity Renovation Loan Officer 87

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.

Sales