Mon.Sep 20, 2021

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Fannie Mae cuts origination forecast for 2022

Housing Wire

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. Fannie Mae dropped its projected origination volume for 2021 to $4.33 trillion from the $4.36 trillion it projected in August. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion.

Mortgages 414
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Is It Time To Move on to a New Home?

Keeping Current Matters

If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American , homeowners are staying put much longer than historical averages ( see graph below ): As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more than doubled to over 10 years.

Equity 252
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Forbearance numbers fall as borrower exits remain high

Housing Wire

Servicers’ forbearance portfolio volume fell once again last week, as exits remained elevated compared to requests or re-entries. The total number of loans in forbearance dropped by eight basis points to 3.00% as of Sept. 12, according to the Mortgage Bankers Association (MBA). . The most notable decline was in the portfolio loans and private-label securities (PLS) category, dipping by 32 basis points to 6.95%.

Loans 391
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The Canadian Real Estate Industry Has Forecast Face Ripping Price Gains Next Year

Better Dwelling

Canadian real estate is expected to be slow for the rest of this year, but it won’t last very long. The Canadian Real Estate Association (CREA) shared their 2021 forecast. In the forecast for this year, they see minimal movement from the current average sale price. Next year they see huge gains returning, especially in […]. The post The Canadian Real Estate Industry Has Forecast Face Ripping Price Gains Next Year appeared first on Better Dwelling.

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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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How do remote valuation solutions benefit appraisers?

Housing Wire

From having to manage high volumes to finding innovative ways to appraise homes while maintaining distance, it’s no secret appraisers faced challenges during the beginning of the coronavirus pandemic. To ensure appraisers are able to effectively manage their portfolio, they need a remote solution that leverages technology without compromising the appraisal process. .

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For title companies, accuracy is only part of the solution

Housing Wire

Today’s digital business processes and workflows demand more than just accurate information – the information must also be easily understood, available on-demand and delivered in a way that integrates with technology. As title companies adopt more digital business processes and re-design their workflows accordingly, opportunities exist to vastly improve operational efficiency.

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How to Deal With Property Encroachments in Real Estate

Maximum Exposure Real Estate

What is an encroachment? The answer is something you’ll certainly want to know when you’re involved with one. When you are buying or selling a home, the issue of encroachments could be something that becomes a problem. A land survey could uncover an encroachment on the home you want to buy that could make you […]. The post How to Deal With Property Encroachments in Real Estate appeared first on Massachusetts Real Estate Exposure.

Land 104
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Radian expands its online title insurance platform

Housing Wire

Radian Group recently announced the launching of its title insurance and closing services platform, titlegenius, in Arizona, California, Nevada, Ohio and Pennsylvania. This is a strategic move as some of the hottest housing markets in the country are currently located in Nevada, California and Arizona. The mortgage insurance and real estate services company first introduced titlegenius in Florida this past May.

Title 372
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Inventory Watch

BubbleInfo

Over the last week there were 37 new listings… and 50 new pendings. Even though demand remains strong, we’re just going to fade into the holidays – only because there aren’t enough new listings coming to market! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC (La Jolla to Carlsbad) Under $1,000,000 Market Date NSDCC Active Listings Avg.

Marketing 105
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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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In a purchase market, rookie LOs may struggle

Housing Wire

Rookies that pursued a career as mortgage loan originators in 2020 air dropped into a scintillating real estate market. There was easy money to be made – r efi opportunities were bountiful , lenders hired tens of thousands of workers to meet capacity, and even showered underwriters with five-figure bonuses on top of $150,000 salaries. Rookie LOs in 2020 could ride the refi wave and rack up a hefty monthly paycheck without Herculean effort.

Marketing 302
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When Will the Housing Market Crash?

RIS Media

When will the housing market crash? This was one of the top three questions people posed on Google this past spring. Why? Because too many buyers have post-traumatic stress from the 2008 meltdown. While it’s fascinating to see how many people still live in fear of that exact scenario happening again, the truth is, we’re not even close to the market crashing!

Marketing 106
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Open House | A Luxury Home With Eco-Friendly Features

Sotheby's International Real Estate

There are plenty of reasons why having an eco-conscious luxury home is highly attractive to the modern homebuyer: sustainable living is good for the planet and promotes healthier lifestyles, of course, but eco-friendly design is also often delightfully innovative. This incredible Sakas Parish home in Western Latvia is a perfect example of luxury living harmonized with environmentally-considered design.

Land 101
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Flood and Disaster Disclosures: Law, Precedent and Grades for All 50 States

RIS Media

As more and more climate change-fueled extreme weather events—from historic hurricanes to unexpected summer downpours—affect homes, one issue anyone selling or buying a home needs to be aware of is disclosure. While some states require a seller to expansively detail any history of flood damage, flood zone designation or other natural disaster threats, others have little or no disclosure requirements or provide only vague guidelines on what needs to be disclosed.

Design 106
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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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Agent Spotlight: Sue La Bounty, Top Real Estate Agent in Naples & Surrounding Coastal Communities

First Team Real Estate

Closing over $1 billion in residential real estate transactions over the course of her career, Sue La Bounty is in a league all her own. Principal of The La Bounty Group, her legacy of excellence in the Long Beach & the Southern California Coastal real estate market has earned Sue a catalog of lifelong clients and a thriving business. Consistently achieving Hall of Fame status throughout her tenure at First Team Real Estate as one of the highest performing teams within the organization, Sue’

Agents 98
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You Can Buy the House Where Frank Herbert Wrote ‘Dune’

Fancy Pants Homes

The 1965 novel written by Frank Herbert spawned one of the most iconic science fiction media franchises — that’s now back in the limelight thanks to the masterful adaptation by Denis Villeneuve (the award-winning director whose past credits include movies like Arrival, Blade Runner 2049 , and Sicario ). The book, seen as a triumph of imagination, is one of the best selling science fiction novels of all time.

As-is 98
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The 10 Best Neighborhoods to Live in Southern California

First Team Real Estate

Southern California is one of the most desirable places to live in the United States. But which SoCal neighborhoods make up the cream of the crop? This article lists the 10 best neighborhoods to live in Southern California in 2021. From bustling cities to beach towns, Southern California has some of the best neighborhoods in the United States. These neighborhoods are home to celebrities and CEOs, as well as people simply looking for the best place to raise a family or the best place to retire.

As-is 98
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How Optimizing Maintenance Boosts NOI

App Folio

When’s the last time you audited the maintenance processes – including inspections and procurement processes – at your property management.

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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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Fifth Wall Kicks Off $140M Early-Stage Climate Tech Fund

Realty Biz

Fifth Wall, the venture firm focused on real estate technology, has just announced that big real estate is putting $140 million into a climate tech fund to help decarbonize the sector. . According to the news, the funding round includes some of the industry’s largest plavers keen to back net-zero carbon efforts. A few of the firms Firth Wall mentions are Equity Residential, Hudson Pacific Properties, Invitation Homes, Ivanhoe Cambridge, to name a few.

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Why Is the U.S. Housing Market So Out of Whack? What Homebuyers Need To Know Right Now

Realtor.com

The housing market is starting to cool a bit, but before buyers start celebrating, let's consider what a “normal” housing market even looks like. The post Why Is the U.S. Housing Market So Out of Whack? What Homebuyers Need To Know Right Now appeared first on Real Estate News & Insights | realtor.com®.

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Regional Spotlight, NYC Associations Hosting Global Real Estate Summit NYC

RIS Media

The Global Real Estate Summit NYC will take place Thursday, Sept. 30. The global summit, now in its 15th year, will feature both in-person and virtual options, from 9 a.m. to 5 p.m., at the Marriott Marquis in New York City. The event is being hosted by eight regional REALTOR® associations, including the Hudson Gateway Association of REALTORS® (HGAR), Greater Bergen REALTORS®, North Central Jersey Association of REALTORS ® , Brooklyn MLS and Staten Island Board of REALTORS®.

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Should I refinance now? Top 4 reasons to refinance (Podcast)

The Mortgage Report

Here are four good reasons to refinance now, according to mortgage expert Arjun Dhingra. Find out if a refinance is the right move for you.

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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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11 Tips for How to Break Bad News to Real Estate Clients

RIS Media

The world of buying or selling a home is not always joyful. Bad things happen. Contracts fall through. Inspections and appraisals come back with deal-breaking news. You need to drop the asking price. A buyer withdraws an offer. When those things happen, it will be up to you to deliver the bad news to your real estate clients honestly and openly, without destroying your clients’ confidence in you or the whole process.

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Ribbon Closes $150M Series C Round to Fuel Expansion

Realty Biz

The homeownership innovators at Ribbon announced recently having secured $150 million in additional funding for fueling the company’s rapid expansion. This round is inclusive of $75 million in Series C equity financing and $75 million in additional working capital. . Via Ribbon’s Facebook. The funding news comes as Ribbon upsized its $500 million credit facility, on the heels of 15x growth this year.

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Your 2022 Homebuying Game Plan

American Lifestyle

The post Your 2022 Homebuying Game Plan appeared first on American Lifestyle Magazine.

Mortgages 116
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The Keys to Success: One-on-One With Dermot Buffini

RIS Media

When it comes to succeeding in real estate—or any industry—there are no secrets. Instead, Dermot Buffini , CEO of Buffini & Company , said there are only keys that anyone can use to take charge of their lives, careers and business outcomes. In “The Keys to Success,” Buffini joined RISMedia President, Founder and CEO John Featherston to discuss his top leadership strategies for real estate professionals to take control of their success—no matter how the market shifts.

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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.