Wed.Oct 12, 2022

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Opinion: ICE/Black Knight merger could raise mortgage costs

Housing Wire

It’s no coincidence that the post-2008 crisis mortgage expansion happened to occur during a period marked by transformative technological change in the industry. However, a double whammy of building economic headwinds and a proposed merger between ICE Mortgage Technology and Black Knight threatens to upend much of the benefit from robust competition that fostered considerable innovation in mortgage technology over the last decade.

Mortgages 404
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Four Things That Help Determine Your Mortgage Rate

Keeping Current Matters

If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan.

Mortgages 237
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Black Knight integrates servicing platform with Surefire CRM

Housing Wire

Black Knight announced the integration of its digital servicing platform and its Surefire CRM, which it says will enhance customer engagement and retention. Servicing Digital , offered as an app or responsive web design, allows customers to easily access their loan- and home-related information, as well as perform self-service capabilities. Surefire is a mortgage-specific marketing automation and content solution that helps mortgage professionals reach new customers and earn repeat business. .

Loans 441
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Well Inspectors Provide Inspections When Buying Homes With Wells

Maximum Exposure Real Estate

Things To Consider When Buying A Home With A Well Well inspections are critical when buying a home with a well as the primary water source. Buyers considering homes in rural settings will often encounter houses for sale that get their water from wells. With homes drawing on municipal sources, there is an assumption that […]. The post Well Inspectors Provide Inspections When Buying Homes With Wells appeared first on Maximum Real Estate Exposure.

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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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California-based Summit Funding to cut 72 staffers

Housing Wire

Sacramento, California-based mortgage lender Summit Funding Inc. plans to make a round of layoffs in late November that will affect 72 employees, according to a document filed with the state’s Employment Development Department. . “With the demand for mortgage services falling to its lowest level in 22 years, and the resulting impact of this market condition on our business, we will be laying off many employees,” Sherry Meneley, director of human resources, wrote in a Worker Adjustment an

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Building Materials Prices Decline in September

Eye on Housing

The prices of building materials decreased 0.3% in September (not seasonally adjusted) according to the latest Producer Price Index (PPI) report. The PPI for goods inputs to residential construction, including energy, declined for the third consecutive month in September (-0.1%). Prices have fallen 2.3% since June, the largest three-month drop since April 2020.

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5 Ways To Be A More Successful Real Estate Agent

Easy Agent Pro

Most of what attracts people to the real estate industry are the allure of great commissions and making lots of money. There are quite a few factors that influence how successful a real estate agent is at what they do. To have great success, you need to understand the game and play it well. A big part of this is understanding how to attract leads and convert them into sales.

Agents 107
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Mortgage demand plunges as costs reach new heights

Housing Wire

Mortgage demand continues to decline amid surging home loan rates, according to the latest survey from the Mortgage Bankers Association (MBA). . The mortgage composite index for the week ending Oct. 7 fell 2% from the prior week and 68.7% compared to the same period in 2021, on an adjusted basis, the survey shows. The refinance index decreased 1.8% from the previous week and was 86% lower than the same week one year ago.

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107 Real Estate Memes Realtors Can’t Stop Sharing

The Close

Looking for some spicy real estate memes to share with your coworkers and clients? You’re in luck. We locked our crack team of real estate comedy writers in the basement for another week and told them they couldn’t leave until they came back with these 107 hilarious memes. In this update, we worked with the Lebron James of real estate memes, Eric Simon, aka The Broke Agent.

Agents 105
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Payload partners with PDS to integrate SoftPro

Housing Wire

Payload, a fintech company focusing on automated payments with API architecture, on Tuesday announced a partnership with technology services provider Premier Data Services , to launch an integration with SoftPro, an escrow and closing software. The aim of the integration is to offer completely embedded electronic payments for real estate closing disbursements and payouts.

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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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Downtown Carlsbad Penthouse

BubbleInfo

Sent to me by bulk email, and probably sent to all agents. The HOA fee is $913/month: Explore the ultimate in luxury living with Grand Jefferson’s spectacular penthouse residence, where you can enjoy all the amenities of a sprawling estate home with none of the maintenance. Showcasing a total of 7,400 sq. ft. of private indoor/outdoor, […].

Agents 105
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Homepoint shrinks its lending capacity

Housing Wire

Home Point Financial Corp. has terminated a master repurchase agreement and securities contract with Credit Suisse First Boston Mortgage Capital and Morgan Stanley Bank , according to filings with the Securities and Exchange Commission. The financing arrangement was struck on June 3, 2020 with the maximum aggregate borrowing authority totaling $300 million, according to Home Point’s 8-K filing disclosed on Tuesday.

Lending 393
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NSDCC Median $/SF

BubbleInfo

Instead of using the median sales price as a gauge, let’s look at the history of the median $/sf to help bring the size of the homes into the equation. Thoughts: I remember 2018 and 2019 being fairly flat and a bit of a struggle. Rates had been in the 3% to 4% range during […].

Sales 105
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12 Memes You Need to See if You’re Thinking of Selling Your House without an Agent

Lighter Side of Real Estate

Selling your house without an agent can sound appealing and pretty easy to do. Some people think they’ll save a ton of money on commission if they just stick a “for sale” sign on the lawn and hold a couple of open houses. To be fair, some people do successfully sell their house on their own. But it’s not as easy as it looks, and the majority of people who try to sell “for sale by owner” (FSBO) just aren’t able to.

Agents 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 Come Crypto Mining is So Polluting? What Can Be Done to Face This Issue?

Realty Biz

Criticism over cryptocurrency's massive electricity consumption has been voiced for many years, but recently it got official approval: The White House released a report detailing the magnitude of digital token mining’s electricity requirements - and it is very concerning. The report said that cryptocurrency mining consumes as much power as all the data centers in the world, holding governments back from the ‘ Net-Zero ’ objective that they strive to achieve.

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Mortgage Activity Continues to Fall as Rates Rise

Eye on Housing

Per the Mortgage Bankers Association’s (MBA) survey through the week ending October 7th, total mortgage activity declined 2.0% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose six basis points to 6.81%. The FRM has risen 80 basis points over the past month, reaching its highest level since 2006. The Market Composite Index, a measure of.

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The Real Estate Software Tools You Need as an Agent

Realty Biz

If you’re looking for a “secret weapon” as a real estate professional that will give you an edge over your competition, you’ve come to the right place. Here are some of the most real estate software tools that you should be using as an agent in today’s marketplace. Zillow Premier Agent. Let’s begin with the elephant in the room. Whether or not you like Zillow as a platform, it’s ubiquitous because of how robust its feature set is.

Agents 89
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Investor Update: The “10 Deals on $20K/Year” Investor’s Explosive Growth

Bigger Pockets

Ashley Hamilton is a landlord, multi-unit investor, reverse flipper, hard money lender, and everything else in between. You may recognize her name from episode 331, appropriately titled “10 Real Estate […].

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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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Greenfield & Behr Residential merge with Coldwell Banker Premier for a Dominant Real Estate presence in Shenandoah Valley

Realty Biz

Greenfield & Behr Residential, a leading independent real estate company in Winchester and Frederick County, VA, announced today it has merged with Coldwell Banker Premier, a regional powerhouse serving Virginia, West Virginia, Delaware, Maryland, North Carolina, Washington, D.C. and Pennsylvania. The two companies, which will operate as Coldwell Banker Premier, combined for $221.6 million in sales volume over the last 12 months in Winchester, Frederick, and 7 other surrounding counties.

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Agents, here’s your ‘make money every day until New Year’s day’ plan

Real Trends

The clock is ticking toward the start of a brand new year. Meanwhile, there’s still work to do! How will you end this year? Will you look back and be proud of what you were able to accomplish? Were you able to move the needle on your goals or will you be saying to yourself a lot of ‘woulda, shoulda, coulda’ words? At this point, you are either on track, ahead, or behind where you should be based on the goals you set for this year.

Agents 86
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Four of Salt Lake City's "Go To" Real Estate Sales Superstars

Realty Biz

Salt Lake City, Utah, was ranked the top housing market in the United States after the coronavirus pandemic. Home prices in the region skyrocketed as historically low interest rates, and low unemployment took hold. Fast forward to today, and a recession has spurred interest rates upward, job growth is stagnant, and home prices are already coming down. .

Sales 84
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If It’s Such a Bad Time to Buy Real Estate, Why Are the Wealthy Doing It?

Lighter Side of Real Estate

According to this Housing Wire article , 75% of people recently polled by Fannie Mae felt pessimistic about the real estate market, and that it’s not a good time to buy a house. So, if you’re among the many who feel that way, and you’re thinking about holding off for prices to come down, you’re not alone. Considering that interest rates are up and prices haven’t dropped as much as buyers would like, it isn’t surprising to hear that news.

Finance 84
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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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Quebec-based Urbanimmersive Acquires CoreLogic’s HomeVisit Visual Marketing Tool Chest

Realty Biz

Urbanimmersive logo. Urbanimmersive has announced having acquired the assets of CoreLogic's HomeVisit for stocks and other considerations estimated at around $8 million. The deal will see the industry's leading visual content marketing tool integrated into Ubranimmersive’s tool chest. . HomeVisit provides visual content marketing-focused real estate solutions, including property listing photography, videography, 3D tours, drone imagery, printing services and other related services.

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6 Charts That Paint A Picture Of Where The Housing Market Is At

Bigger Pockets

The housing market is in an unfamiliar place. After several years of appreciation and a few years of massive booms across the U.S., the train is finally losing steam. With […].

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A Talk With Engel & Völkers Americas Stalwart Stuart Siegel

Realty Biz

Engel & Völkers Americas CSO Stuart Siegel. Last month, Engel & Völkers Americas put industry stalwart Stuart Siegel in charge of company strategy for growth, mergers, and acquisitions. In his new role as Chief Strategy Officer (CSO), Siegel will put years of leadership excellence into play during perhaps the industry’s most trying time in decades.

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Artificial Intelligence and Real Estate in 2022

Agent Fire

There are a million ways AI can simplify the property buying and selling process for real estate agents and brokerages. Here's how and what's next. Artificial Intelligence and Real Estate in 2022 is just one of many great real estate strategies on The Spark.

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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.

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Free Webinar Shares Tips on How to Buy a Home in NYC as Interest Rates Soar

Brownstoner

Interested in buying real estate in NYC? Curious to see what options are available for the different types of properties in Brooklyn, Queens, Manhattan, Staten Island and The Bronx? Anxious about rising interest rates? Wondering how to get started? Then you don't want to miss the free webinar "Tips on Home… Read More > The post Free Webinar Shares Tips on How to Buy a Home in NYC as Interest Rates Soar appeared first on Brownstoner.

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Video of the Week: A Spectacular French Country-Style Estate in Mill Neck, New York

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ?????. Mill Neck, New York | Rudi Friedman and Jason Friedman, Daniel Gale Sotheby’s International Realty. Nestled on top of a quiet hill in the heart of Mill Neck, New York, this newly built French Country estate was designed by Michael Jay Wallin and constructed by Qualico Contracting Corporation.

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Get a Glimpse Inside Some Boerum Hill Beauties With the in-Person Return of the House Tour

Brownstoner

Architecture, real estate and design enthusiasts will get a chance to feast their eyes on some interiors this fall with the return of the Boerum Hill House Tour. Normally a biennial event organized as a fundraiser for the Boerum Hill Association, the event was last held in 2018. After a… Read More > The post Get a Glimpse Inside Some Boerum Hill Beauties With the in-Person Return of the House Tour appeared first on Brownstoner.

Design 81
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$18,450,000 Cash

BubbleInfo

Here’s the 7,509sf home on La Jolla Farms that just sold for $18,450,000 cash, which was a whopping 6% below the list price. The market time was 12 days. You can tell in this photo that the backyard was tired, but the rest of the one-story house looked fine. Even though there had not been […].

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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.