The Mortgage Report

JUNE 13, 2022

With interest rates shooting up, adjustable-rate mortgages can offer cheaper financing. Find out if an ARM is right for you.

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Mortgages Finance 98

Housing Wire

JUNE 13, 2022

Overall mortgage rate lock took a hit in May, led by a drop in refinance activity, both for rate-term refis and cash-outs. In a higher rate environment, lenders were more reliant on the purchase market for origination volumes. Rate locks were down 4.8% last month, according to Black Knight ’s monthly mortgage originations market report. Purchase locks, which are not as rate-sensitive as refinancings, accounted for 82% of the entire share of rate locks in May, the largest slice since Black Knight

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Mortgages Lending Loans As-is 397

Keeping Current Matters

JUNE 13, 2022

Americans’ opinion on the value of real estate as an investment is climbing.

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Housing Wire

JUNE 13, 2022

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency’s ongoing effort to share risk with private-sector insurers. CIRT 2022-6 involves a covered loan pool composed of 63,000 single-family mortgages with a total unpaid principal balance of about $19.3 billion.

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Fixed-rate mortgage Loans Principal Mortgages 397

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Eye on Housing

JUNE 13, 2022

NAHB analysis of Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics shows that during the first year after closing on a home sale, home buyers tend to spend considerably more money on furnishings, appliances and remodeling compared to non-moving owners. Buyers of new homes spend most, spending four times as much as non-moving owners and twice as.

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Closing Sales 145

Housing Wire

JUNE 13, 2022

Buying a home is stressful in any market. Now, with inventory levels at historic lows and median home prices at historic highs, the purchase climate has become a Thunderdome. Nearly one in four recent homebuyers scheduled extra therapy sessions to cope with the stress, according to a recent Realtor.com survey. Homebuyers are also seeking information about another possible source of relief: homebuyer assistance programs.

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Finance Loans Closing Closing costs 370

Housing Wire

JUNE 13, 2022

Multichannel lender Finance of America (FoA) Monday announced Patti Cook will step down from her role as chief executive officer June 30, in anticipation of her retirement due to an existing medical condition. . The board of directors appointed Graham Fleming, FoA’s president since October 2020, as interim CEO, responsible for the company’s forward, reverse, commercial and home improvement lending segments, as well as lender services.

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Finance Residential Commercial Mortgages 370

HomeLight

JUNE 13, 2022

Trying to buy a house while you’re already renting a place can feel like a Sisyphean task. You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought.

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Purchase and sale agreement Loans Inspection Closing costs 116

Housing Wire

JUNE 13, 2022

Non-QM lender Angel Oak Cos., through its mortgage-backed securities conduit Angel Mortgage Trust, is out with its fourth private-label securities offering of 2022, even as rate volatility in the market continues to throw sand in the market’s gears. The recent offering, AOMT 2022-4, involves a pool of 407 mortgages valued at $217.2 million and includes primarily non-QM loans along with some mortgages backed by investment properties.

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Loans Lending Mortgages As-is 370

Eye on Housing

JUNE 13, 2022

The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the first quarter of 2022, the aggregate market value of all owner-occupied real estate in the United States showed the largest year-over-year percentage gain since 2001. Owners’ equity as a percentage of households’ real estate was the highest.

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Equity Marketing 116

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

Maximum Exposure Real Estate

JUNE 13, 2022

Appraisal vs. Market Analysis Specific real estate terms can be confusing when buying or selling a home. Sometimes they seem to mean the same thing but is that the case? The perfect example is a comparative market analysis and a real estate appraisal. Many buyers and sellers will ask a real estate agent, “is a […]. The post Comparing and Contrasting a Comparative Market Analysis vs.

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Marketing Agents 108

BubbleInfo

JUNE 13, 2022

The number of active listings keeps climbing, which is expected. The likelihood of getting the list price wrong has probably never been higher, given that sellers have been planning their move for months – and they are going to test it out to see if they can get lucky, rather than adjust the price pre-maturely. […].

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Toronto Realty Blog

JUNE 13, 2022

TorontoRealtyBlog. It’s just another manic Monday. I wish it was Sunday. ‘Cause that’s my fun day. My I don’t have to run day. It’s just another manic Monday. Ah, yes, The Bangles! From their 1986 album “Different Light,” which was their most successful album. “Manic Monday” reached #2 on the USA charts, but it was the other single on this album, “Walk Like An Egyptian,” that reached #1.

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Agents As-is Property Management MLS 104

Brownstoner

JUNE 13, 2022

One of a row of early 20th century brick houses, this Windsor Terrace single-family offers some charm on the interior with details like wood floors, built-ins, wainscoting and vintage kitchen details. At 21 Kermit Place, it also has the appeal of being near Prospect Park, although the Prospect Expressway is… Read More > The post Windsor Terrace Row House With Wainscoting, Built-ins, Vintage Kitchen Asks $1.448 Million appeared first on Brownstoner.

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Marketing 98

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The Mortgage Report

JUNE 13, 2022

Today’s mortgage and refinance rates Average mortgage rates soared last Friday, setting new 13-year highs. It really was a rare and dramatically terrible day. And those rates are now perilously […].

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Mortgages 98

Brownstoner

JUNE 13, 2022

When the filmmakers Cynthia Gordy Giwa and Tayo Giwa first learned about The East, a former community organization once housed at 10 Claver Place in Bed Stuy that left a long if under-acknowledged influence on the neighborhood and its residents, they found the story hard to shake. “Particularly the fact… Read More > The post Hidden in Plain Sight: How Pan-African Group The East Shaped Brooklyn appeared first on Brownstoner.

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Notorious ROB

JUNE 13, 2022

In Fortune, we get this story about 40 regional housing markets that are super overvalued where home prices might fall over the next year: Among those “overvalued” housing markets, which ones are actually likely to see home prices fall? In order, Zandi points to these “juiced-up” regional housing markets: Boise; Colorado Springs, Colo.; Las Vegas; Coeur d’Alene, Idaho; Tampa; Atlanta; Fort Collins, Colo.; Sherman, Texas; Jacksonville; Idaho Falls, Idaho; Lakeland, Fla.; G

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Marketing As-is Title Closing 96

Brownstoner

JUNE 13, 2022

… Read More > The post appeared first on Brownstoner.

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Real Trends

JUNE 13, 2022

In 2007, Brandon Brittingham was a solo agent. Today, he is the CEO and team leader at The Maryland and Delaware Group of Long & Foster Real Estate in Salisbury, Maryland – a founding member of Leading Real Estate Companies of the World. Brittingham heads up the No. 1 medium-sized real estate team by sales volume and No. 2 by transaction sides in The RealTrends + Tom Ferry The Thousand national rankings.

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Property Management Title Industrial Branding 89

Brownstoner

JUNE 13, 2022

In the News Hoax Shooting Threats Rattle Schools in Brooklyn and Beyond [NYT] The Story of a Stainless Steel Status Symbol in Sunset Park and Beyond [NYT] Developers Beat Tax-Break Deadline for Downtown Brooklyn High-Rise [NYP] Gowanus Zoning Opponents File Injunction as Developers Start Work [Eagle] Mermaid Parade Set to Return After Two Cancellations [BK… Read More > The post Daily Links: Developers Race to Beat 421-a Deadline as Gowanus Group Files Legal Action appeared first on Bro

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Development 98

Realty Biz

JUNE 13, 2022

TikTok released a new season of its successful “Made for TikTok” talk show which debuted last year with a series led by film director and creator David Ma. This year, TikTok creator Shannon Fiedler hosts the show. Made for TikTok aims to help advertisers create TikTok-first strategies to maximize their brand reach and create better TikTok content to engage their audiences.

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Branding Development Industrial Finance 84

Brownstoner

JUNE 13, 2022

The city’s Department of Transportation wants to place a new open street on seven blocks of Smith Street in Carroll Gardens and Boerum Hill, hoping to occasionally close off the street to automobile traffic and open it up for outdoor dining and assorted cultural activities. Local City Council Member Lincoln Restler… Read More > The post DOT Planning New Open Streets in District 33, With a Swath of Smith Street on the List of Prospects appeared first on Brownstoner.

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Closing 98

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Agents

Real Estate Investar

JUNE 13, 2022

Housing markets across the country continue to see slowing rates of growth while on a national level, prices fell by -0.1% according to new data from CoreLogic.

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Marketing 84

Realty Biz

JUNE 13, 2022

. Appoints Eric Flohr as Chief Operating Officer and Jeff Feltch as Chief Financial Officer. Cairn Real Estate Holdings has announced the appointment of Eric Flohr as Chief Operating Officer and Jeff Feltch as Chief Financial Officer. The expansion of the executive-level leadership team comes at a time of impressive growth for the firm through its acquisition of JPAR® – Real Estate and Your Castle Real Estate., two of the largest independent real estate companies in the United States.

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HR Commercial Industrial Development 82

Sotheby's International Real Estate

JUNE 13, 2022

There’s a sentiment that accompanies a marvelous stay at a five-star hotel: “I wish I could live here.” That wish can come true, as today’s luxury residences feature many of the same perks and privileges as the world’s ritziest resorts. Room Service in Summery Tel Aviv. Shelly Belzer Shmelzer – Israel Sotheby’s International Realty. For many, the perfect holiday takes place somewhere with postcard-worthy palm trees swaying in an ocean breeze, and the perfect hotel boasts a luxurious roofto

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Realty Biz

JUNE 13, 2022

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Darrell in MT: Hi Brian, I became a landlord for the first time eight months ago. It’s your typical single-family home on a typical quarter-acre lot.

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Bankruptcy Inspection As-is Residential 78

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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

Real Trends

JUNE 13, 2022

Meghan Clarkson says she’s always had a passion for advertising and marketing and if life had turned out differently, she very may well have entered into that field, but life does not always work that way you anticipate. However, this passion for marketing has helped her climb to a top-performing real estate professional. One day, after years of waitressing, a regular customer asked Clarkson if she had ever considered taking real estate classes.

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Agents Marketing Brokerage Branding 76

HomeLight

JUNE 13, 2022

Enjoying this episode? Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | YouTube. About This Episode. Homes are getting fewer offers. Bidding wars are on the decline. Price reductions are rising. Our Summer 2022 Top Agent Insights Survey is out now, and it shows how the real estate market is changing.

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Marketing Agents Earnest money deposit Equity 75

Mashvisor

JUNE 13, 2022

If you’re interested in analyzing Realtor.com homes for sale as part of your next investment strategy, here’s how to do it successfully. Table of Contents What Is Realtor.com? Analyzing Realtor.

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Sales As-is Investor 69

Redfin

JUNE 13, 2022

A newly built home should be perfect from the moment the builders and contractors are done, right? As wonderful as that would be, it isn’t always that easy. Your house might look perfect at first glance, but a closer look could reveal minor (sometimes major) repairs that need to be finished before move-in. This is why buyers usually do one final walkthrough a couple weeks beforehand.

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New Construction Construction Inspection Closing 66

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