Mon.Jun 13, 2022

article thumbnail

The perks and pitfalls of adjustable-rate mortgages in 2022

The Mortgage Report

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

article thumbnail

About 82% of origination comes from purchase mortgages

Housing Wire

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

Mortgages 384
Insiders

Sign Up for our Newsletter

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

article thumbnail

More Americans Choose Real Estate as the Best Investment Than Ever Before

Keeping Current Matters

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

As-is 240
article thumbnail

Opinion: Are lenders dropping the ball on homeowner assistance?

Housing Wire

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.

Finance 370
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

What Do Home Buyers Buy after Moving

Eye on Housing

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.

Closing 145
article thumbnail

Patti Cook to resign as FoA’s CEO, citing health concerns

Housing Wire

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.

Finance 370

More Trending

article thumbnail

Non-QM players still doing PLS deals despite rate volatility

Housing Wire

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.

Loans 370
article thumbnail

Inventory Watch

BubbleInfo

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. […].

119
119
article thumbnail

Comparing and Contrasting a Comparative Market Analysis vs. Real Estate Appraisal

Maximum Exposure Real Estate

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.

article thumbnail

Hidden in Plain Sight: How Pan-African Group The East Shaped Brooklyn

Brownstoner

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.

98
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

Boise, Idaho: Zeroing In On America’s Top Real Estate Pros

Realty Biz

Matt Bauscher and his wife Lindsay Bauscher – The broker’s Facebook. This week our Top-Rated Agents series focuses on a key Northwest market, Boise, Idaho. We are still refining our methods to deliver the superstars of real estate in America. We’ve discovered, unintentionally, that current rating systems are highly subjective. That said, this week’s professional list will be those professionals ranked highest by Google, Zillow, and our own criteria. .

Agents 93
article thumbnail

Daily Links: Developers Race to Beat 421-a Deadline as Gowanus Group Files Legal Action

Brownstoner

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

article thumbnail

Household Balance Sheets in the First Quarter

Eye on Housing

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.

Equity 92
article thumbnail

DOT Planning New Open Streets in District 33, With a Swath of Smith Street on the List of Prospects

Brownstoner

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.

Closing 98
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

Top team leader on building emotional connections and accountability

Real Trends

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.

article thumbnail

Discover Advertising Strategies That Work With Made for TikTok

Realty Biz

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.

article thumbnail

Mortgage and refinance rates today, June 13, 2022

The Mortgage Report

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 […].

article thumbnail

CAIRN REAL ESTATE HOLDINGS EXPANDS LEADERSHIP TEAM

Realty Biz

. 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.

HR 81
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

Rising Listings Weigh on Property Values in May

Real Estate Investar

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.

article thumbnail

Community marketing strategies from a The Thousand agent

Real Trends

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.

Agents 72
article thumbnail

The Housing Market Isn’t Crashing…But It Is Shifting

HomeLight

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.

article thumbnail

California agent combines passions, real estate and tech

Real Trends

Jonathan Minerick says a confluence of factors drove him into the real estate industry. After finishing his contract with the Marine Corps, Minerick went back to school to study business at the University of Southern California. This was back in the mid-2000s, just as the housing market was turned on its head. “An idea came to me, and I wondered if there was a software-based solution to help people sell their homes and provide them with the tools they need to do so,” Minerick said.

Agents 62
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

How to Analyze Realtor.com Homes for Sale with Mashvisor

Mashvisor

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.

Sales 69
article thumbnail

$475,000 Over List

BubbleInfo

As you can see in my mortgage-rate tracker (in right column), we had another meltdown today, and the conforming rate now is over 6% (with no points). The idea of paying higher prices AND rates really discourages the move-up/move-down markets. Combined those with having to pay federal and state capital-gains taxes and the existing homeowners […].

article thumbnail

‘Hamilton’ Stars Daveed Diggs, Emmy Raver-Lampman List Stylish AD-Featured House

Fancy Pants Homes

One year after Hamilton stars Emmy Raver-Lampman and Daveed Diggs gave Architectural Digest the tour of their ultra-stylish abode, the pair decided to part ways with their colorful Southern California home. The two actors listed the beautifully appointed house in the San Fernando Valley neighborhood of Sherman Oaks for $2.895 million. Michael Grady with The Agency holds the listing.

Design 59
article thumbnail

Brownstoner - Untitled Article

Brownstoner

… Read More > The post appeared first on Brownstoner.

98
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

35 Things to Add to Your New Construction Walkthrough Checklist

Redfin

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.

article thumbnail

How to Handle a Tenant Who Wants to Sublet

Mashvisor

As a real estate investor in 2022, what do you do when you find out your primary tenant wants to sublet your property without your approval?

article thumbnail

Should You Refinance or Sell Your Home?

Windemere Selling

Homeowners can often reach a financial fork in the road when they must decide to either refinance their existing mortgage or sell their home. Each route has its respective advantages depending on your financial health, the mortgage rate market , and the future needs of your household. Refinancing vs. Selling When working to ease the financial burden of your existing mortgage, you have two options: refinance or sell.

article thumbnail

Philosopher Pareto Principle of Peas: How to apply it to real estate

The American Genius for Real Estate

(MARKETING) Realtors are no different than any other type of company and can use the Pareto Principle to expand their business - same rules apply. The post Philosopher Pareto Principle of Peas: How to apply it to real estate appeared first on The American Genius Real Estate.

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.