Fri.Sep 16, 2022

article thumbnail

House passes bill to modernize VA appraisals

Housing Wire

The U.S. House of Representatives this week passed a bill that streamlines the appraisal process for U.S. Department of Veterans Affairs mortgage loans. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether.

HR 496
article thumbnail

Buyers Are Regaining Some of Their Negotiation Power in Today’s Housing Market

Keeping Current Matters

If you're thinking about buying a home today, there's welcome news.

Marketing 237
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wells Fargo to pay $94M to settle mortgage forbearance suit

Housing Wire

Wells Fargo will pay $94 million to settle a class-action lawsuit that argued it sent more than 200,000 mortgage borrowers into forbearance during the pandemic unlawfully and without their consent. The plaintiffs argued that the San Francisco-based bank provided forbearances to customers who made inquiries about their mortgages or expressed hardship, but had not explicitly requested forbearance, Reuters reported this week.

Mortgages 432
article thumbnail

The wonderfully witchy Hocus Pocus Houses & filming locations for the new movie

Fancy Pants Homes

Abracadabra and bibbidi-bobbidi- boo, the Sanderson sisters are coming back to entertain me and you. Starring Kathy Najimy, Bette Midler and Sarah Jessica Parker , Hocus Pocus 2 is hitting Disney+ this fall, nearly three decades after the first one was released. The much-anticipated sequel to the popular 1993 film has us eagerly embracing our inner witch vibes.

Staging 111
article thumbnail

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.

article thumbnail

HW+ Member Spotlight: Rodney Moss?

Housing Wire

This week’s HW+ member spotlight features Rodney Moss, executive vice president at LoanCare. HW Media: What is your current favorite HW+ article and why? Rodney Moss: All my favorite articles in HousingWire revolve around servicing innovation – really anything and everything that can help improve the overall experience for homeowners and enhance an asset’s value.

article thumbnail

5 Timeless Features That Never Go Out of Style

Sotheby's International Real Estate

For any form of design—architectural, industrial, interior, fashion—the word “timeless” should never be used thoughtlessly. A look can only be considered truly timeless if it continues to inspire, century after century, without passing into the passé. . Only a small selection of styles achieve this, so when choosing a property, or choosing how to present a property, it’s always wise to focus on those few that do.

Design 109

More Trending

article thumbnail

Where To Get A Deal

BubbleInfo

Are you waiting to buy a home until you can get a sizable discount? Is it because you know a guy who will give you a deal on any home improvements needed; you’ve got your eye on some new appliances down at the scratch-and-dent outlet; and you were thinking about going through Redfin until you […].

Marketing 105
article thumbnail

Mortgage rates rise ahead of expected Fed rate hike

Housing Wire

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose to an average of 6.02% this week ahead of the Federal Reserve ’s much-anticipated interest rate hike next week. Daily mortgage rate calculators are showing 30-year fixed rates at 6.30% and above. A year ago at this time, rates averaged 2.86%. . “Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008,” said Sam Kh

article thumbnail

Mortgage Activity Falls as Rates Top 6%

Eye on Housing

Per the Mortgage Bankers Association’s (MBA) survey through the week ending September 9th, total mortgage activity declined 1.2% and the average 30-year fixed-rate mortgage (FRM) rate rose seven basis points to 6.01%. The FRM rate has increased 56 bps over the past month reaching a 14-year high. The Market Composite Index, a measure of mortgage loan application volume, decreased by.

article thumbnail

Fannie Mae picks winners of 4th RPL sale of 2022

Housing Wire

Fannie Mae has completed the sale of its 27 th reperforming-loan offering since the inaugural transaction in 2016. The deal represents Fannie Mae’s fourth reperforming-loan sale this year and involves a total of some 6,060 loans valued at $986.4 million. The offering — originally announced August 11 and dubbed FNMA 2022-RPL4 — was divided into three loan pools that were awarded separately. .

Sales 397
article thumbnail

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.

article thumbnail

Why you won’t succeed at productivity by following the status-quo

The American Genius for Real Estate

We all have a notion of an 'ideal worker' in our heads - but it simply doesn't exist. Following the crowd won't improve your productivity.

111
111
article thumbnail

Rocket launches program to lower first-year mortgage payments

Housing Wire

Rocket Mortgage and its wholesale arm Rocket Pro TPO will reduce homebuyers’ monthly mortgage payments by one full percentage point for the first year of their loan. Dubbed the “Inflation Buster” program, Rocket aims to give borrowers a reprieve to combat high inflation and affordability challenges, the company said in a statement Friday.

Mortgages 397
article thumbnail

We’re Not Yet in a Recession in 2022 – Here’s How We’ll Know

HomeLight

The U.S. housing market is undergoing a rebalancing. Visit HomeLight’s 2022 Housing Trends Hub for information on how to navigate a shifting market — whether you’re a seller, buyer, or homeowner. Ever since 2021’s record home prices , Americans have been waiting for that too-good-to-last bubble to burst. Although the housing market still ran hot at the beginning of 2022 , higher grocery prices , fewer home sales , and other factors from summer to fall made economists and armchair ana

Sales 95
article thumbnail

Dalila Ramos to speak at HW Annual

Housing Wire

Having open and honest conversations around how to navigate your personal and professional life is more important than ever, as everyone works to find harmony in their life. At HW Annual on Oct. 3, Dalila Ramos, founder of Love and Tacos Media, will lead a session on work life balance, addressing the realities that many people face when having to balance the various identities in their life at the came time as their career.

Lending 382
article thumbnail

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.

article thumbnail

Give Your Buyers This Checklist So They Don’t Screw Up Their Transaction (+ PDF)

The Close

Ah, home buyers! We love them because they make real estate fun. But sometimes, buyers make big mistakes that create heartache and frustration. Agents who’ve been in the game for a while have learned to coach their homebuyers on things they should never do while buying a house. If you haven’t had any of these things happen with your clients before, you’re lucky!

article thumbnail

How To Use Google Question Hub To Build Your Content Strategy

Realty Biz

One of the things real estate agents struggle with in digital marketing is coming up with ideas for content. Most know that content is a cornerstone of a strong digital marketing strategy, but are lost when it comes to coming up with fresh content. . What if I told you that there’s a tool that will tell you exactly what questions people are asking Google related to your service?

article thumbnail

5 TikTok accounts every Realtor should be following in 2022

Real Trends

With an estimated 1.2 billion active monthly users in Q4 of 2021 , TikTok is only gaining in popularity. By the end of 2022, TikTok is expected to reach 1.8 billion users, many of which are millennials and Gen-Zers. As these generations begin to dominate the housing market, Realtors need to know how best to reach them. While not all of us are natural TikTok pioneers, the five women of real estate below have proven real estate and the latest social media platform most certainly mix. 1.

article thumbnail

What Is an Option Period When Buying a Home?

HomeLight

We all know the feeling of angst that hits as we move closer to the barista at a coffee shop to order a morning java. If you don’t know what you want, the line disappears too quickly. Well, that angst multiplies 10 times when committing to a home purchase, and you’ll need extra time (and extra details) to feel confident in your decision. Just like you do about that oat milk latte.

article thumbnail

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.

article thumbnail

“Holy cow! What happened to the market?”

Real Trends

Family circumstances forced Destin, Florida-based Corcoran Group agent and leader of The Ketchersid Team Jodi Ketchersid to take a step back from her real estate career in May. When she returned to the industry in late summer, the housing market looked different. A lot different. “It was like, ‘Holy cow! What happened to the market?’” Ketchersid said.

article thumbnail

What to expect when using a painting company for your new Denver

Realty Biz

Painting your property is an essential step in protecting and maintaining its quality. Most homes require a fresh coat of paint every ten years or so. Painting your house makes it more weatherproof, keeps it looking nice, and increases your enjoyment of it overall. The problem is that painting a house by oneself can take ages. Additionally, if your Denver home requires painting and you are thinking of doing it yourself, you will need long ladders to access the second or third floors.

article thumbnail

How Real Estate Agents Get Back to Business After A Break

Agent Fire

Returning to a day-to-day schedule after a break shouldn't be a drag. With this advice, you can come back to your real estate business stronger than ever. How Real Estate Agents Get Back to Business After A Break is just one of many great real estate strategies on The Spark.

Agents 81
article thumbnail

Home Prices Are Declining—Should Investors Panic?

Bigger Pockets

It. Has. Begun. 2008 has returned, or at least that’s what many have been saying. In July, for the first time in 32 months, prices declined from one month to the next. […].

article thumbnail

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.

article thumbnail

Charitable giving by the real estate industry spikes

The American Genius for Real Estate

Charitable acts among Realtors remains high, despite several fallbacks regarding health in the US.

article thumbnail

Finance Friday: Six-Figure Passive Income in Just 4 Years!

Bigger Pockets

Becoming a millionaire by 30 is almost every 20-or-something-year-old’s dream. But what if you want to go even further? Instead of seven-figure net worth, what about an eight-figure net worth? […].

Finance 85
article thumbnail

The Insider: Designer Personalizes Own Prospect Heights Rental With Paint, Lighting, Music

Brownstoner

Got a project to propose for The Insider? Please contact Cara Greenberg at caramia447 [at] gmail [dot] com. The fact that the 900-square-foot apartment she shares with her husband is a rental did not stop interior designer Molly Torres Portnof of Brooklyn-based DATE Interiors from going all-out to create a distinctive space… Read More > The post The Insider: Designer Personalizes Own Prospect Heights Rental With Paint, Lighting, Music appeared first on Brownstoner.

Design 78
article thumbnail

The Unforgiving Impact That The New Home “Sell-Off” Could Cause

Bigger Pockets

For the past couple of years, new construction homes were the envy of the neighborhood. They had brand new granite countertops, walls without holes, and sometimes a garage door! In […].

article thumbnail

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.

article thumbnail

Real Estate Market Trends for Fall 2022

Realty Biz

So far, 2022 has been a year of ups and downs for the real estate market. Historically low-interest rates on mortgages led to borrowers being able to afford much larger loans than ever before, which was a good thing as median home prices were going through the roof due to a combination of low availability and high demand. . This kept the market humming along for months, at least until worries about inflation and an incoming recession prompted the Federal Reserve to begin hiking interest rates fo

article thumbnail

What Tom Brady Can Teach Us About Real Estate Investing

Bigger Pockets

Do you believe in miracles? I have for years. But I didn’t see this one coming. I don’t think anyone did. Love him or hate him. It’s hard not to respect […].

83
article thumbnail

A Benjamin Driesler-Designed Park Slope House and Three More to See, Starting at $1.125 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Park Slope, Prospect Lefferts Gardens and Bed Stuy. They range in price from $1.125 million to $3.695 million. In the Park Slope Historic District not far from Prospect Park, a pale stone row house designed by Benjamin Driesler… Read More > The post A Benjamin Driesler-Designed Park Slope House and Three More to See, Starting at $1.125 Million appeared first on Brownstoner.

Design 75
article thumbnail

4 Restorative Mobile Home Repairs

RISMedia

By Lizzie Weakley When your mobile home is in need of repairs, you may think these tasks are difficult and time-consuming. However, most common restorative mobile home repairs are much easier than people anticipate. Whether you choose to make the repairs a DIY project, or instead, call in the pros to handle the job, your […]. The post 4 Restorative Mobile Home Repairs appeared first on RISMedia's Housecall.

99
article thumbnail

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.