Fri.Jun 24, 2022

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PIMCO-backed FGMC lays off most staffers

Housing Wire

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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How Real Estate Agents can Automate Their Social Media Accounts

Realty Biz

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.

Agents 119
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Nominations for HW Insiders Close Today!

Housing Wire

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

Closing 382
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9 Real Estate Newsletter Tactics For Better Deliverability and Engagement

Easy Agent Pro

Email newsletters are such an important part of sharing information about real estate and investment opportunities. It’s easy to get lost in the mix with all the advertisements and pop-ups online. Not to mention the hefty costs involved in making sure your advertisements are seen by the right audience. With these real estate newsletter ideas, it is easy to deliver information and engage with your target audience by landing directly in their inbox.

Agents 105
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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.

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American Financial Network to pay $1M fee to resolve fraud allegations

Housing Wire

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.

Loans 382

More Trending

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Mid America Mortgage rebrands to Click n’ Close

Housing Wire

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday. The lender will also focus on offering down payment assistance (DPA) and adjustable-rate mortgage (ARM) products through its third-party originator channels.

Closing 392
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Luxury Real Estate Headlines: Fourth Week of June 2022

Sotheby's International Real Estate

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.

Sales 103
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Billionaire Larry Ellison Breaks Florida Record with $173M Buy of the Gemini Mansion

Fancy Pants Homes

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.

Land 98
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A Bed Stuy Renaissance Revival Brownstone and Three More to See, Starting at $1.099 Million

Brownstoner

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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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.

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Mortgage applications rise amid strong demand for ARMs

Realty Biz

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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Ogle the Details of This ‘Naive’ Federal Style Upstate Farmhouse, Yours for $1.075 Million

Brownstoner

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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These housing markets are hotter than ever. But water is running out

Real Trends

The Horsetooth Reservoir outside Fort Collins, CO. (Credit: The City of Fort Collins: [link]. According to local lore, in the early 1800’s French-Canadian fur traders were caught in a dreadful snowstorm, and, to lighten their load, they buried large amounts of poudre (gunpowder) in a cache (hiding place) along the banks of a river. Today, the Cache la Poudre River runs through modern-day Fort Collins, Colorado. .

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15-Year mortgage rates chart: Current and historical

The Mortgage Report

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

Mortgages 105
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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.

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How Have Canadian Cities Fared Since March?

Toronto Realty Blog

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.

As-is 79
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Luna Park Will Celebrate the 95th Birthday of the Cyclone This Weekend

Brownstoner

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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A $24M Fort-Like Estate Towers Over the Caribbean in St. Thomas

Fancy Pants Homes

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.

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Daily Links: Mayor Vows to Limit Guns in NYC After Supreme Court Ruling

Brownstoner

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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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.

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Home affordability crumbles, causing demand to finally pull back

Realty Biz

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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Vanity metrics exist everywhere, even real estate

The American Genius for Real Estate

(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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Why Invest in Travel Nurse Housing in 2022 & How to Start

Mashvisor

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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Tips to become one of those people who is good with their money

The American Genius for Real Estate

(EDITORIAL) In real estate, it’s difficult to anticipate which years will be the busy ones and which will be eerily empty. So how do you manage money? The post Tips to become one of those people who is good with their money appeared first on The American Genius Real Estate.

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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.

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Webinar Recap: Pros and Cons of iBuying Offerings for Your Brokerage

RISMedia

By Paige Tepping During RISMedia's recent webinar—"Do You Need an iBuyer Offering? Pros and Cons"—panelists Erin Cestero, president – San Antonio division, JBGoodwin REALTORS®; and Brian Megliola, chief operating officer/owner, Coldwell Banker Community REALTORS®, explored the pros and cons of iBuyer offerings and what success should look like for both real estate professionals and their […].

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Must-Do Strategies for Appraisers to Compete in Today’s World

McKissock

Change is a part of life, and that is certainly evident in the appraisal industry. Statistics tell us that the average appraiser is between the ages of 55 and 60 years old, and no doubt, they’ve seen technology reshape the industry since their early days in the field. Regardless of your age, you can expect to experience changes that will continue to affect how you work.

MLS 60
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Auctions Now?

BubbleInfo

It would have been a good idea to launch the auction format on an industry-wide basis during the frenzy. But how about now? They are still a good idea because auctions bring transparency and certainty to the home-buying process, which buyers would appreciate and make them more likely to engage. Excerpts from article linked below: […].

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Should You Invest in Houses for Sale in Arizona in 2022?

Mashvisor

As an investor, you are always looking for new opportunities to expand your portfolio. That’s why you should look at houses for sale in Arizona.

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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.