Mon.Sep 19, 2022

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Homebuilders up the incentives to bring buyers to the table

Housing Wire

Homebuilder confidence slid again in September, hitting its lowest level since May 2014 with the exception of the spring of 2020 at the onset of the pandemic, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday. In September, builder sentiment in the market for newly built single-family homes fell three points from August to a reading of 46 points.

Sales 397
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Will My House Still Sell in Today’s Market?

Keeping Current Matters

If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know.

Marketing 249
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SPS to acquire Rushmore Loan Management Services assets

Housing Wire

Select Portfolio Servicing Inc. (SPS) has struck a deal to acquire certain assets of Texas-based Rushmore Loan Management Services LLC. The deal, announced Monday, will result in Salt Lake City-based SPS acquiring Rushmore’s servicing personnel. The transaction is expected to close in the fourth quarter of 2022, subject to regulatory approvals.

Loans 397
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Builder Confidence Falls for Ninth Straight Month as Housing Slowdown Continues

Eye on Housing

In another sign that the slowdown in the housing market continues, builder sentiment fell for the ninth straight month in September as the combination of elevated interest rates, persistent building material supply chain disruptions and high home prices continue to take a toll on affordability. Builder confidence in the market for newly built single-family homes fell three points in September.

Marketing 133
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The 2025 Real Estate Roadmap to Success

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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Staircase debuts tool to automate non-delegated mortgage insurance underwriting

Housing Wire

Mortgage tech startup Staircase says it has launched a tool that enables mortgage insurers to automate the underwriting of non-delegated mortgage insurance (MI) policies for lenders at about half of the typical cost. Staircase’s mortgage insurance underwriting tool fully automates the non-delegated underwriting process by pulling documents and data directly from lenders to allow insurers to make instant policy decisions, the firm said.

Mortgages 370
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How is Sq Ft Calculated in a Home

Maximum Exposure Real Estate

How much space is there in a home? You might want to know this for your own house or one you are looking to buy. Surprisingly, no national standards exist for how square footage is calculated in residential properties. Since there aren’t any national standards, many different methods for how to measure in sq ft […]. The post How is Sq Ft Calculated in a Home appeared first on Maximum Real Estate Exposure.

More Trending

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5 powerful lessons to be learned from pursuing a simple, slow life

The American Genius for Real Estate

Practicing real estate is far from simple and it can be an easy path to burnout. We have a few tips to learn how to slow down in life.

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Top 25 lenders increased market share in 2021: HMDA

Housing Wire

A perfect lending storm spurred by the pandemic resulted in an absolutely stunning year for the mortgage industry in 2020. Top lenders who were able to quickly build capacity and take advantage of near-zero interest rates were rewarded with an increase in market share. Those trends largely continued in 2021, even though refi business slowed and jumbo purchase mortgages grew in prominence, according to an analysis of Home Mortgage Disclosure Act data published by the Consumer Financial Protection

Marketing 370
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Interview with an Appraiser: The Subjective Side of Determining a Home’s Value (Part 2)

HomeLight

Enjoying this episode? Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | YouTube. About This Episode. You’ve worked with dozens, or maybe hundreds, of appraisers in your real estate career. But how well do you REALLY know what an appraiser does? This week on The Walkthrough , veteran appraiser Jamie Owen is back to talk about what he looks for when he visits and appraises a home.

Agents 111
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Freddie Mac’s Cecelia Raine: Here’s where to focus your servicing tech resources

Housing Wire

The HousingWire award spotlight series highlights the individuals who have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Tech Trendsetters award are now open through Friday, Sept. 23, 2022. Click here to nominate someone you know — it can even be you! As tech innovation continues to transform the housing ecosystem, one sector that has witnessed a surge in tech transformation is servicing.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Employment Situation in August: State-Level Analysis

Eye on Housing

Nonfarm payroll employment increased in 37 states in August compared to the previous month while 13 states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 315,000 in August, following a gain of 526,000 jobs in July. On a month-over-month basis, employment data was strong in Kentucky, which.

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Three can’t-miss panels for new real estate agents at HW Annual Oct. 3-5

Housing Wire

Beginning a career as a real estate agent is an exciting time. You’ve just received your license and you are getting set up with a new team, but there are details and aspects to the career that might still seem foreign or intimidating. That’s why new agents shouldn’t miss these three panels at HW Annual that will set you up for a long, successful career. .

Agents 370
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Tell your clients that the best season for homebuying is coming up!

The American Genius for Real Estate

As kids head back to school and people enter their post-summer work mode, homebuying is at its peak with low prices and high inventory.

As-is 105
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Ginnie Mae forbearance rate increases in August

Housing Wire

Servicers’ forbearance rate declined in August, excepting for Ginnie Mae loans, the Mortgage Bankers Association (MBA) reported Monday. The trade group expects pressure in the coming months if the unemployment rate increases. The total number of loans in forbearance decreased two basis points from the previous month to 0.72% of the servicers’ total portfolio volume in August, positive news after the economic impacts of the pandemic hit borrowers hard.

Loans 367
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Steps You Can Take Now to Prepare Your Home for Winter

RISMedia

By Emma Sturgis Once winter comes, you will regret ignoring home issues while the weather was nice. Figure out what you can do now to prepare your home for winter so that you can relax and know that you will stay warm and comfortable once the weather is cool. Have Someone Check Your Furnace to […]. The post Steps You Can Take Now to Prepare Your Home for Winter appeared first on RISMedia's Housecall.

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College is NOT for EVERYONE: Joining the Military & Become Financially Free

Bigger Pockets

College isn’t the only option after high school. In fact, it’s not even the best option. Typically, twenty-two-year-olds fresh out of college are launched into the workforce with a lot […].

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Cleaning Up The Pre-Construction Condo Industry!

Toronto Realty Blog

TorontoRealtyBlog. I have been perhaps the harshest critic of the pre-construction condominium industry in Ontario over the past two decades. It’s an odd position for a real estate agent, of all people, to take. But having obtained my license to sell real estate in 2004, it didn’t take long for me to start questioning how the pre-construction industry in Ontario works, why we allow it to work that way, and eventually, why people bothered purchasing pre-construction condos at all.

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San Fran agent Eric Chu leaves Keller Williams for Christie’s International Real Estate

Real Trends

Christie’s International Real Estate Sereno announced that Eric Chu, leader of the Key Luxury Estates team in the San Francisco Peninsula market has joined Christie’s International Real Estate Sereno, exiting Keller Williams. Chu’s sales earned him the No. 100 small team by sales volume and No. 146 by transaction sides in California, according to RealTrends + Tom Ferry America’s Best Real Estate Professionals.

Agents 97
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Can I Get Out of My Purchase Contract Because of High Interest Rates?

Realty Biz

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 Ellie in ID: Hi Brian, We had a purchase offer accepted more than four months ago but it hasn’t closed yet. In fact, our mortgage was just given final approval less than a week ago.

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Japanese Marketplace Comes to Greenpoint

Brownstoner

A venue celebrating Japanese food and culture and showcasing three Japanese brands as they debut in New York City is getting ready to open soon at 50 Norman Avenue in Greenpoint. The complex holds Cibone, a retail shop with artisanal goods from Japan that includes a small art gallery; Dashi… Read More > The post Japanese Marketplace Comes to Greenpoint appeared first on Brownstoner.

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How to Have the Price Reduction Conversation Without Your Clients Hating You (+ Scripts)

The Close

There’s no denying that the market has made a huge shift in the past several weeks. And now we’re faced with a new problem: How to have the price reduction conversation with our seller clients without them going berserk and throwing us to the curb. But, as real estate agents, we know that having this sticky conversation will be in the best interest of our clients.

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Daily Links: Hundreds of Migrants Misdirected From Texas to Brooklyn Heights Office Building

Brownstoner

In the News In New York City, the Demand for New Developments Is Bouncing Back [NYT] In the City That Never Sleeps, Some Doors Now Close at 10 p.m. [NYT] What Does It Mean to Be a Young, Black Queer Artist Right Now? [NYT] Civic Leaders Rally Around Brooklyn’s Embattled Maimonides Hospital [NYP] 850 Unvaxxed… Read More > The post Daily Links: Hundreds of Migrants Misdirected From Texas to Brooklyn Heights Office Building appeared first on Brownstoner.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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Inventory Watch

BubbleInfo

The number of actives is in decline, but the pendings are hanging tough! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The $0 – $1,500,000 Market: Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of Pendings Jan 3, 2022 9 $832/sf 35 36 Jan 10 9 $766/sf 28 29 Jan 17 13 $773/sf 26 27 Jan 24 9 $818/sf […].

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Brighton Beach Jitterbug-Era House With Vintage Kitchens, Deco Baths, Garage Asks $999K

Brownstoner

There's no denying this 1940s brick house in Brighton Beach needs some work, but for those able to see the potential charm, it has an eye-popping array of vintage features, including scalloped kitchen cabinets and colorful bathrooms. At 47 Brighton 11th Street, it sits within walking distance of both the… Read More > The post Brighton Beach Jitterbug-Era House With Vintage Kitchens, Deco Baths, Garage Asks $999K appeared first on Brownstoner.

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How to Find Real Estate Investing Opportunities Before the Competition

Mashvisor

The best real estate investing opportunities are often highly sought out by competitors, so what can you do to gain an advantage over them?

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Mayor Adams Wants to Keep the BQE, Plans to Counter Highway’s ‘Racism’ With Parks, Plazas

Brownstoner

It seems the mayor has made up his mind. The Brooklyn-Queens Expressway will stay, necessary repairs will be made, and the administration hopes to mitigate the "racism built into our infrastructure," as he put it, by creating parks and plazas under the highway. The new plan, consisting of two parts… Read More > The post Mayor Adams Wants to Keep the BQE, Plans to Counter Highway’s ‘Racism’ With Parks, Plazas appeared first on Brownstoner.

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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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12 Cities Near Riverside to Buy or Rent in this Year

Redfin

Located 60 miles east of Los Angeles is the historic city of Riverside. Home to 24 nationally registered historic sites and 100 city landmarks, Riverside was built around the citrus industry and is known for its sweet and zesty navel oranges. Riverside’s affordability, growing economy, temperate weather, scenic hills and valleys, and enviable location between the beach and the mountains make it a great place to live.

Sales 59
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Open House Report 1

BubbleInfo

There was at least 100 open-house attendees on Saturday, all of which were 60+ years old. The one-story homes are their own market, and likely to perform much better than the two-story segment which has at least 3x as many built, historically.

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How to Effectively Use Grammarly on Your Real Estate Blog

Realty Biz

Communicating your ideas online is a crucial skill to have. Clarity helps get your message across as successfully as possible, after all! Yet not everyone is an accomplished writer – sometimes a little help is in order. Cloud-based writing assistant Grammarly is one online service that provides that immediate help. It’s aided millions of people around the world who have used the app to proofread their prose and punch up their punctuation, pitching in from everything from their posts on social me

Land 58
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7 Tips for Staging Your Home Yourself

Windemere Selling

Nowadays, home staging is an integral part of the home selling process. The impact of home staging is crystal clear, but how you go about it deserves some consideration. Many homeowners will hire a home staging professional, trusting their expertise to make their home as appealing as possible to buyers. However, if hiring a professional isn’t in your budget, taking a DIY approach to home staging can deliver its own benefits. 7 Tips for Staging Your Home Yourself. 1.

Staging 52
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.