Housing Wire

JUNE 24, 2022

New home sales beat the headline estimates and had positive revisions. How on earth did that happen? Not only that, the monthly supply data was revised lower from nine months to 8.3 months for the previous report. Let me tell you, we had a lot of shocked faces in economic land this morning. First, we must never forget that the new home sales reports can be very wild month to month and that positive or negative revisions are widespread.

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Sales Construction Mortgages Loans 488

Keeping Current Matters

JUNE 24, 2022

Some Highlights. When it comes to pricing your house, there’s a lot to consider. The only way to ensure you price it right is by partnering with a local real estate professional. To find the best price, your agent balances current market demand, the values of homes in your neighborhood, where prices are headed, and your home’s condition. Don’t pick just any price for your house.

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Agents Marketing 286

Housing Wire

JUNE 24, 2022

This week’s HW+ member spotlight features Ben Bernstein, director at Axonic Capital , an investment firm with a deep focus on the structured credit sector of the financial markets. Prior to that, Bernstein held leadership roles in Odeon Capital Group and JPMorgan Chase. Below, Bernstein answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why?

Commercial 459

Commercial Residential Mortgages Closing 459

Eye on Housing

JUNE 24, 2022

After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest rate hike. Sales of newly built, single-family homes in May increased 10.7% to a 696,000 seasonally adjusted annual rate from an upwardly.

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Sales Mortgages Marketing 128

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Housing Wire

JUNE 24, 2022

Mortgage lender First Guaranty Mortgage Corporation cut about 80% of its workforce on Friday and has stopped accepting new mortgage applications, HousingWire has learned. Former employees said the lender has “essentially shuttered.” According to two former FGMC employees, the company on Friday laid off around 500 employees without severance payment, meaning only 100 staffers remain. .

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Loans Equity Mortgages Closing 448

Realty Biz

JUNE 24, 2022

According to the National Association of Realtors , highlights indicate that existing and pending home sales have seen a steep decline. The housing market showcases a housing shortage, with rising mortgage rates at 5.8% and inflation rates at 8.6%. This makes it incredibly difficult for potential buyers despite solid demand. . Real estate agents’ response to declining homeownership opportunities can be made through a powerful and proactive digital presence.

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Agents As-is Marketing Sales 122

Realty Biz

JUNE 24, 2022

One of the main reasons why new real estate agents fail is because they are unable to market themselves effectively. A high proportion ( 87% ) of new real estate agents fail within five years of entering the profession. However, real estate brokers in the top 10% earned more than $150,000 a year. Local real estate marketing is an important aspect of an overall business strategy.

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Marketing Staging Technology Agents 118

Housing Wire

JUNE 24, 2022

For the seventh year, HousingWire is recognizing the operational all-stars of housing with the HW Insiders award. Each year, this award spotlights the individuals who have a huge impact behind-the-scenes within their organizations — through operations, product development, hiring, marketing campaigns, or improving efficiency. Honorees like 2021 HW Insider Amanda Cherry , associate product manager at Finance of America Reverse , represent an exceptional class of housing professionals who continuo

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Closing Lending Equity Mortgages 397

The Mortgage Report

JUNE 24, 2022

Today’s mortgage and refinance rates Average mortgage rates fell again yesterday. And by a worthwhile amount. They’re now back below their level on June 10, which was the first day […].

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Mortgages 116

Housing Wire

JUNE 24, 2022

Brea, California-based direct lender American Financial Network will pay about $1.04 million to resolve allegations that it fraudulently originated government-backed mortgage loans insured by the Federal Housing Administration (FHA). The settlement agreement announced by the United States Attorney for the Eastern District of Washington on Tuesday puts an end to a joint investigation conducted by the U.S.

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Loans Lending Mortgages Development 397

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

HomeLight

JUNE 24, 2022

DISCLAIMER: This blog post is meant to be used for informational purposes only, not legal advice. If you need assistance navigating the legalities of keeping or selling your home in a divorce, HomeLight always encourages you to reach out to your own advisor. Divorce ranks as life’s second most stressful event , and decisions over what to do with the family home drive some of the most heated disputes between couples parting ways.

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Purchase and sale agreement Equity Sales Agents 105

Housing Wire

JUNE 24, 2022

In 2018, Kristin Smith was tasked with starting the first-ever Utah Professional Women in Building group. In 2021, HousingWire featured a kudos on them , and now, almost a year later, we sat down with Terri Everhart, 2022 NAHB Professional Women in Building chair, to get an update on this successful, growing team of women and their current projects.

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Construction Residential Development Industrial 370

The Mortgage Report

JUNE 24, 2022

15-year mortgage rates chart showing current and historical 15-year mortgage rates compared to 30-year rates.

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Mortgages 105

HomeLight

JUNE 24, 2022

Perhaps you bought your house years ago and after an arduous purchase process, thousands spent on maintenance, and painstaking dedication to making it feel like home, you now want to reap the full benefits at selling time. One pitfall of having high expectations for how much money you’ll keep after selling a house is overestimating your home’s value and underestimating the costs involved in the selling process.

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Seller concession Closing costs Inspection Homeowner’s association 104

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Sotheby's International Real Estate

JUNE 24, 2022

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Maui, Hawaii | Dan Omer, Island Sotheby’s International Realty. In Hawaii, a roughly 3,600-acre ranch next to Oprah Winfrey’s property is coming on the market for $75 million. A Massive Maui Ranch Next Door to Oprah’s Property Asks $75 Million – Wall Street Journal.

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Sales Closing Agents Marketing 103

Lighter Side of Real Estate

JUNE 24, 2022

Social media made marketing yourself as an agent about as cheap and easy as it comes. Years ago, you had to have a good chunk of change to get in front of even a fraction of the people you can reach on social media for very little (if any) cost. But many agents get disappointed with how little reaction and interaction they get on their social media posts, let alone the amount of business they directly get from it.

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Agents Marketing As-is Development 101

Brownstoner

JUNE 24, 2022

Our picks for open houses to check out this weekend are found in Park Slope, Bed Stuy, Windsor Terrace and Midwood. In Park Slope, a bow-fronted limestone four-family is one of a row of late 19th century flats buildings. Completed by 1900, the building contains four floor-through apartments with pier… Read More > The post A Bed Stuy Renaissance Revival Brownstone and Three More to See, Starting at $1.099 Million appeared first on Brownstoner.

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Marketing 98

Fancy Pants Homes

JUNE 24, 2022

Once the most expensive home listed for sale in the U.S., South Florida’s sprawling Gemini mansion has a new owner — and a new claim to fame. Billionaire Larry Ellison, who famously co-founded the Oracle Corporation, paid a record-breaking $173 million for the Manalapan estate, USA Today reports. The price point makes the oceanfront property the priciest home to ever sell in the state of Florida.

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Land Sales As-is Marketing 98

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Agents

Brownstoner

JUNE 24, 2022

While the restored interior will appeal to those looking for an historic property that doesn't require an immediate dive into a wallet-taxing total reno, the true architectural appeal in this early 19th century Columbia County residence are the details of its Federal-style exterior. The house on the market at 23… Read More > The post Ogle the Details of This ‘Naive’ Federal Style Upstate Farmhouse, Yours for $1.075 Million appeared first on Brownstoner.

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Marketing 98

Toronto Realty Blog

JUNE 24, 2022

TorontoRealtyBlog. Before you read the following, ask yourself this simple question: “Will the areas outside the province of Ontario show a better or worse market that what we read about in Wednesday’s blog?” I ask this at the onset because in order to fully grasp any statistical analysis and market conclusion, I believe that you must first have some sort of expectation.

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As-is Marketing Investor Sales 98

Brownstoner

JUNE 24, 2022

Brooklyn’s iconic Cyclone rollercoaster is turning 95 this year, and Luna Park will celebrate in typical Coney Island fashion this Sunday by doling out free rides to the first 95 people in line. “This year, we are celebrating bigger and better than ever before for its 95th anniversary of bringing thrills… Read More > The post Luna Park Will Celebrate the 95th Birthday of the Cyclone This Weekend appeared first on Brownstoner.

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Realty Biz

JUNE 24, 2022

Mortgage applications surprisingly jumped 8% last week compared to the previous seven day period, boosted by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association. However, applications are still down 10% compared to one week ago. The MBA said that last week’s jump in mortgage rates may have actually increased homebuying demand, as consumers worry that rates will rise again in the coming weeks.

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Mortgages Fixed-rate mortgage Loans As-is 92

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

Brownstoner

JUNE 24, 2022

In the News Does Eric Adams Own This Crown Heights Apartment? It’s Complicated [NYT] Adams Rips Court Gun Ruling, Says New Yorkers Now ‘Less Safe’ [NYP] DA to Bring Rival Gang Members Together in ‘Restorative Justice’ Program [BP] The Knitting Factory Is Closing Down Its Brooklyn Location [BK Mag] NYC School Principals Forced to Cut… Read More > The post Daily Links: Mayor Vows to Limit Guns in NYC After Supreme Court Ruling appeared first on Brownstoner.

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Principal Closing 98

Lighter Side of Real Estate

JUNE 24, 2022

There’s nothing better than working with a client who listens to every piece of advice you give along the way. It makes for a smooth transaction, you enjoy working with each other, and it helps you get them the best results possible. They’re the type of client who has you saying, “If only they could all be that way…”. Unfortunately, they aren’t. That’s not to say that most clients are too difficult, but more often than not you feel like you have to convince every client to do (or not do) somethi

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Pre-approval Branding Agents As-is 84

Fancy Pants Homes

JUNE 24, 2022

If you haven’t had a chance to book your summer vacation just yet, join us on a quick trip. The destination is the idyllic Saint Thomas , the chief island of the U.S. Virgin Islands, where a $24 million waterfront estate looms over the Caribbean with its unique fort-like structure. Sitting on a rocky point right above a dreamy bay, the 9-acre property — known simply as the Waterfront Estate — is its own slice of paradise.

Brokerage 78

Brokerage As-is Agents Marketing 78

Realty Biz

JUNE 24, 2022

Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. Demand for homes has pulled back in response, easing price growth, slowing sales and boosting inventory, according to the latest market report from Zillow. A miniature house model is sitting on a desk.

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Mortgages Banks Closing As-is 76

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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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Mashvisor

JUNE 24, 2022

If you’ve thought about investing in travel nurse housing in 2022, here’s what you should consider before putting your plan into reality. Table of Contents What Are Travel Nurses?

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Investor 74

The American Genius for Real Estate

JUNE 24, 2022

(MARKETING) It is often easy to fall for vanity metrics, everyone does it. But "being number one" is so stupidly subjective, don't cave. The post Vanity metrics exist everywhere, even real estate appeared first on The American Genius Real Estate.

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Marketing 72

Redfin

JUNE 24, 2022

Mold is always around you. There are probably spores in the air you’re breathing right now. For most people, a few mold spores won’t pose a health risk. But, given a chance to grow, mold can quickly threaten the health of a home and the people living there. Studies have linked mold exposure to various health issues, which often involve respiratory symptoms like coughing, wheezing, and trouble breathing.

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Property Management Inspection As-is Development 69

Mashvisor

JUNE 24, 2022

Rent collection is critical for rental property owners to maintain cash flow and fund future real estate investments.

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Property Management Investor 69

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