Housing Wire

NOVEMBER 16, 2022

Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. In November, builder sentiment in the market for newly built single-family homes fell five points from October , ending at 33 points — less than half the level it was six months ago.

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Mortgages Land Construction Sales 545

Keeping Current Matters

NOVEMBER 16, 2022

There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house.

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Marketing 307

Housing Wire

NOVEMBER 16, 2022

Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of mortgage loan application volume, increased 2.7% for the week ending November 11, according to the Mortgage Bankers Association (MBA).

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Mortgages Fixed-rate mortgage Loans Residential 545

Better Dwelling

NOVEMBER 16, 2022

Canadian real estate, an “ultra violent cult,” money laundering, and Toronto’s stolen cars. Sounds like a spy thriller, but that’s reality in Canada, according to FINTRAC. In 2017, the financial intelligence agency assessed the money laundering threat of an organized crime group called Black Axe. The group infiltrated the government, conducts mass fraud, and runs […].

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Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion in loans, about half of 2021’s $4.4 trillion in volume, according to industry forecasters. But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. He projects that over the next 12 months, mortgage originations nationwide could come in as low as $1.3 trillion to $1.7 trillion.

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Banks Mortgages Loan Officer Due diligence 435

Eye on Housing

NOVEMBER 16, 2022

Elevated interest rates, stubbornly high building material costs and declining affordability conditions that are pushing more buyers to the sidelines continue to drag down builder sentiment. Builder confidence in the market for newly built single-family homes posted its 11th straight monthly decline in November, dropping five points to 33, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing.

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Marketing 124

GeekEstate

NOVEMBER 16, 2022

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: PropStream]. PropStream consolidates real estate data and tools for investors, agents, brokers, property managers, and other real estate professionals. Users gain access to nationwide property data sourced from county recordings, MLS records, and private data sources, resulting in over 160 million properties in America—including distressed and off-market properties.

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Housing Wire

NOVEMBER 16, 2022

Mortgage lender NewRez added the temporary rate buydown feature to its “Smart Series” non-QM products to leverage the growing group of non-traditional borrowers. Borrowers of non-QM mortgages now have an option to reduce their rates by 3% in the first year, 2% in the following year and 1% in the third year – called a 3-2-1 rate buydown, the firm said Wednesday.

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Seller concession Mortgages Lending Loans 397

Eye on Housing

NOVEMBER 16, 2022

During the third quarter of 2022, credit continued to become less available and generally more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. To analyze credit availability, responses from the NAHB survey are used to construct a net easing index, similar to the net easing index based on the Federal Reserve’s survey.

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Development Construction Loans Finance 119

Sotheby's International Real Estate

NOVEMBER 16, 2022

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??????????????????. Los Angeles, California | The Cilic Group, Sotheby’s International Realty – Santa Monica – Venice Brokerage. Featured on the cover of Architectural Digest and the winner of the AIA Best Residential Design, this stunning home soars over the city lights with breathtaking views spanning from downtown Los Angeles to the Pacific Ocean.

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Residential Brokerage Design 112

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.

Industrial

Realtor.com

NOVEMBER 16, 2022

Getty Images (3) To find the hottest real estate markets in America, head to the coldest parts of the country. The most desirable places for homebuyers today come with one bone-chilling caveat: Many of these hot spots lurk in the snowier Northeast and Midwest, according to a recent Realtor.com® report. And while some house hunters might not love colder weather, most are likely to appreciate the cooler home prices and lower cost of living in these areas.

Marketing 107

Marketing Technology As-is Industrial 107

Point2Homes

NOVEMBER 16, 2022

Owning your own plot of land is a dream come true for many of us. But, if you’re ready to make that dream a reality, you might be wondering exactly how to go about buying land. So let’s look at the key steps you’ll need to take to become a landowner. 1. Find a Plot of Land. Nowadays, you have many tools at your disposal, with a wealth of online listing services showcasing land for sale across the country.

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Land Title search Inspection Finance 98

Lighter Side of Real Estate

NOVEMBER 16, 2022

Thanksgiving is the perfect time to reflect upon the things we’re most thankful for in life, like our friends, family, health, and (of course) the ridiculous amount of food we’re about to eat. But for real estate agents, it’s also the perfect time to reflect upon the things we appreciate about our career, since it’s one of the rare days we have some down time to do so!

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Agents 98

The Close

NOVEMBER 16, 2022

Thanks to Elon Musk’s recent buyout of the platform (along with his barrage of tweets), Twitter is back in the news. I’m sure the Twitterverse will soon experience a few growing pains, but right now it’s still as busy as it’s ever been. We here at The Close thought it might be a great time to share some of the funniest tweets we’ve recently come across, along with a few of our favorite real estate Twitter accounts for you to follow.

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Toronto Realty Blog

NOVEMBER 16, 2022

TorontoRealtyBlog. I don’t believe I’ve cracked 3,000 blog posts yet, but I’m close. In Major League Baseball, three thousand hits is what they call a “lock” for the Hall of Fame. I mean, unless you’re one of the steroid guys , like Rafael Palmeiro. And for those of you thinking Barry Bonds , he didn’t have 3,000 hits.

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Banks Renovation As-is Sales 98

Realty Biz

NOVEMBER 16, 2022

Did you know it takes over four years for the average household to save enough money for a 20% down payment on a home? At first glance, four years might not sound like a long time. But it all depends on how much you make, what kind of house you want, and how much you're able or willing to set aside. For many, the thought of saving for a down payment is daunting.

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Closing costs Equity Loans Finance 95

Bigger Pockets

NOVEMBER 16, 2022

This article is presented by RentPrep. Read our editorial guidelines for more information. Keeping clear documentation is an essential part of your work as a landlord. With the correct paperwork, it will […].

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As-is Marketing 94

Real Trends

NOVEMBER 16, 2022

Today’s agents have had to shift messaging away from the price of the home to helping buyers find a home that has an affordable payment. “I am telling buyers, ‘Let’s find the home that still has an affordable payment. Rates will go back down, and then they do, you will be positioned to refinance,” said an Orlando, Florida-based Keller Williams sales associate, in RealTrends Q4 2022 AgentPulse survey.

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MLS Agents Sales Brokerage 94

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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.

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Realtor.com

NOVEMBER 16, 2022

Getty Images Temperatures are dropping fast, and it’s officially starting to feel like winter is coming, but what happens when yardwork beckons? If you’re a homeowner, it can be a real pain to bundle up, go outside, and prepare your lawn and garden for the frigid months ahead. But here’s the reality: If you don’t take care of certain yard maintenance tasks before temperatures fully plunge, you might face a mess of problems come springtime. “Not doing these things wi

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Branding As-is 92

Bigger Pockets

NOVEMBER 16, 2022

Non-investors hate real estate tax loopholes. It always seems like the wealthiest landlords, apartment owners, or short-term rental hosts walk away with not only massive income but little-to-no tax bills […].

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Investor 92

Mashvisor

NOVEMBER 16, 2022

Inflation went up slightly month-over-month in October 2022. It means inflation may be slowing down, but how does it affect investors?

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Investor Finance Marketing 89

Realty Biz

NOVEMBER 16, 2022

In the first half of 2022, Mortgage lenders gave out 2.7 million loans ! Are you considering becoming a part of this thriving industry as a mortgage broker? Becoming a mortgage broker can be one of the most exciting careers you can start. However, you may be wondering what kind of compensation you will get for doing this kind of work. After all, you don't want to start a career and be uncertain about whether or not it can support your basic needs.

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Mortgages Commercial Loans Brokerage 85

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Agents

Agent Fire

NOVEMBER 16, 2022

Real estate agents only need these 8 steps to wrap up their year in business on the right note and set the pace for the next twelve months. The Essential End-of-Year Checklist for Real Estate Agents is just one of many great real estate strategies on The Spark.

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Agents 81

Real Trends

NOVEMBER 16, 2022

In the past decade, my career has been focused on building meaningful relationships with my prospects and clients. In my opinion, nothing beats a traditional handshake. But what happens when your sphere of influence is too large to personally connect with? What do you do when you have hundreds of leads— old and new — that need to be touched and reminded that you’re here to serve their needs?

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Branding Technology Development Marketing 80

Point2Homes

NOVEMBER 16, 2022

Aggressive rate hikes (after the latest increase, the average mortgage rate hovers around 7%), coupled with sky-high home prices mean buyers are bleeding money. But, aside from losing purchasing power, homebuyers — and especially post-pandemic homebuyers — are also losing what they wanted the most: More living space. Translating the losses in purchasing power into square footage reveals the saddest story: In just a few months, buyers in the 100 largest cities lost between 92 and a staggering 1,1

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Fixed-rate mortgage Mortgages Sales As-is 80

Realtor.com

NOVEMBER 16, 2022

Getty Images Was COVID-19 the last straw? Or had the issues been quietly simmering for a while? Whatever the reason, a subset of homeowners called it quits during and right after the pandemic—and now they’re facing a challenge: carving out a postdivorce space at home. “While I don’t like to concentrate on the negative reasons why some people need to redecorate, a change in partnership creates new needs and allows you to update your style and decor,” says Pamela O’Br

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Design Branding Finance As-is 79

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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.

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Brownstoner

NOVEMBER 16, 2022

For a buyer looking to put in a bit of work, this early 20th century standalone house has some period details, a generous amount of living space and a private driveway leading to a garage. The estate-condition property at 769 Argyle Road is in the Flatbush micro nabe of West Midwood,… Read More > The post West Midwood Standalone With Mantels, Deco Baths, Garage Asks $1.499 Million appeared first on Brownstoner.

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Marketing 76

Realtor.com

NOVEMBER 16, 2022

MLS via Realtor.com A five-story building known as The Cosmopolitan sits right in the heart of downtown St. Louis. And for buyers in search of their very own historic high-rise, this one can be snapped up for $1.4 million. It was built around the turn of the 20th century for National Cash Register and later served as a showroom for Clark Peeper Furniture.

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MLS Design Residential As-is 69

Brownstoner

NOVEMBER 16, 2022

In the News Family Feud Explodes Over Ownership of East Flatbush Building [Eagle] Installation at Prospect Park Bandshell Encourages Viewers to Look Inward [BP] Construction of Con Ed’s ‘Reliable Clean City’ Projects Under Way in Brooklyn [BP] Remains of Fallen WWII Soldier From Bed Stuy Make Journey Home [ABC] Gowanus 'Voice' Emerges With Murky Legal… Read More > The post Daily Links: Voice of Gowanus Continues Fight Against Rezoning, Requests Injunction appeared first on Brownstoner.

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Construction 75

RISMedia

NOVEMBER 16, 2022

By Lizzie Weakley You might already have a furnace installed in your home, and the thought of replacing it might not have really been on your mind yet. These are a few possible signs that it might be time for you to purchase a new furnace. Your Heater Hasn't Been Heating Properly You’re supposed to […]. The post 4 Signs It’s Time for a New Furnace appeared first on RISMedia's Housecall.

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