Wed.Jun 15, 2022

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Be Creative With Your Closing Dates!

Toronto Realty Blog

TorontoRealtyBlog. Did I ever mention that I hate change ? From as far back as I can remember, I’ve never been okay with anything new and different. I’m a routine type of guy. I know what I know and I like what I like. I get accustomed to certain ways, processes, and comforts, and to uproot all that would send me into a tizzy. Long-time TRB readers will recall the story of when my parents bought our house on Bessborough Drive in May of 1992.

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How mortgage lenders are navigating life at 6%

Housing Wire

The markets have been shaken to the core. And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. On Friday, the U.S. Consumer Price Index clocked an 8.6% increase year-over-year in May, 30 basis points above the consensus estimates – and enough for stock futures to sink and bond yields to soar. The price data has changed the expectations for the Federal Reserve ’s meeting on Wednesday, with the market betting on a 75 bps increase in interest rates (compar

Mortgages 382
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Been Waiting to Sell and Buy a “Move-Up” Home? Now May Be the Perfect Time!

Lighter Side of Real Estate

Most people don’t buy their “forever house” right out of the gate. It’s hard to afford a home that has the size and amenities you want on your first (or even second) purchase. So most people start out with something a little smaller, needing some work, or not in their ideal location. The plan is usually to spend a few years in it, then sell it to buy a bigger, better home in your ideal neighborhood once you’ve built up some equity.

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Fed hikes rates by 75 bps, the largest increase since 1994

Housing Wire

The Federal Reserve (Fed) on Wednesday did something it hadn’t done in more than two decades: it raised the federal funds rate by 75 basis points, to 1.50-1.75%, a hike not seen since 1994. The decision, designed to slow the pace of inflation, which reached 8.6% in May for the highest mark in more than 40 years, has potential to increase the cost of mortgage borrowing. “Overall economic activity appears to have picked up after edging down in the first quarter,” The Federal Open Marke

Mortgages 370
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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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6 Critical Questions to Ask When Buying Land

Realty Biz

Things to Find Out Before Purchasing Land. Performing due diligence is vital when purchasing a home. It is even more crucial when buying a building lot. Buying land can be an exciting and profitable investment. However, it is important to ask questions and get advice before making a purchase. Real Estate agents are asked important questions all the time as it pertains to land.

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You must optimize in order to maximize in the world of social media

The American Genius for Real Estate

(MARKETING) We all know that social media is a must for branding. Enhance your reach by implementing social media organization and optimization. The post You must optimize in order to maximize in the world of social media appeared first on The American Genius Real Estate.

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FHFA wants GSE pricing tweaks and counterparty exam authority

Housing Wire

Fannie Mae and Freddie Mac ’s pricing frameworks may see changes to better serve “core mission borrowers,” according to the Federal Housing Finance Agency (FHFA). The regulator also, again, argued for examination authority over entities doing business with the government-sponsored enterprises. In its annual report to Congress, FHFA said it instructed the enterprises to “begin updating their pricing frameworks” in 2021.

Banks 370
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Nobody Beats the Signs From the Past on This Downtown Brooklyn Building

Brownstoner

There's a bit of 1970s style temporarily on view in Downtown Brooklyn and some Brooklynites might be able to guess the origins of the rainbow "Z" there. It is actually one of two vintage sign remnants visible on the Fulton Street building; the other is a much older ghost sign… Read More > The post Nobody Beats the Signs From the Past on This Downtown Brooklyn Building appeared first on Brownstoner.

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Logan Mohtashami: “biggest affordability hit in our lifetime”

Housing Wire

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami answers questions from our HW+ member community. Mohtashami focused on the latest inventory and the Federal Reserve’s rate hike announcement. As a member of HW+, you get access to 30-minute Slack Q&As , where we invite the HW Media newsroom to break down the hottest topics in the industry.

Investor 370
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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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8 Common Misconceptions That First-Time Home Buyers Have

Realty Biz

If you recently shared with friends or family that you’re ready to buy your first home, you have no doubt been offered plenty of well-intentioned bits of advice about the process. But be aware: Not everything you’ve heard may be accurate. . Here are some common misconceptions first-time home buyers may have and the real facts behind them. Remember that every home buyer’s situation is unique, so do what you feel is best for yours.

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As mortgage rates skyrocketed in May, ARMs doubled

Housing Wire

A panel of experts assembled at a recent Mortgage Bankers Association (MBA) conference in New York predicted that adjustable-rate mortgages (ARMs) will become far more popular this year as purchase mortgages increasingly dominate a housing market contending with fast-rising interest rates. A June market report by a major digital mortgage-exchange and loan-aggregator, MAXEX , which offers an overview of loan-trading activity through the exchange for May, confirmed the MBA panel’s projections.

Mortgages 381
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Pastor’s Proposed ‘Urban Village’ With Affordable Housing in East New York Begins Public Review

Brownstoner

A Brooklyn megachurch pastor’s longtime vision of an “urban village” in East New York is approaching reality, with the Christian Cultural Center’s Innovative Urban Living plan now snaking its way through the city’s formal public review process. The urban village would see 1.7 million square feet of new development in eleven… Read More > The post Pastor’s Proposed ‘Urban Village’ With Affordable Housing in East New York Begins Public Review appeared first on Brownstone

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New Western taps new chief marketing officer

Housing Wire

Real estate investment firm New Western has named Kuba Poraj-Kuczewski as its chief marketing officer. Poraj-Kuczewski will lead the company’s marketing strategies and oversee its marketing team. . Poraj-Kuczewski plans to focus on driving “customer awareness, demand and retention” to support New Western in its growth stage and to make the firm “a leading industry brand,” he said, according to a statement. .

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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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Construction Trends That Are Unfolding Right Now

Realty Biz

5 Sustainable Construction Trends That Are Unfolding Right Now. More and more industries are realizing the scope of their impact on the world around us, and they are actively finding new ways to continue their work in a more sustainable and eco-friendly way. Global organizations are even establishing actionable goals for reducing pollution and greenhouse gas emissions, such is the case with The United Nations Paris Agreement.

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3 tips to grow your mortgage broker business

Housing Wire

Whenever people want to get a mortgage, they search for professionals who can streamline the process. That’s precisely when your mortgage broker business comes to the rescue. In this article, you will find tips on how to grow your business, as well as five big mistakes that you may be making in the process. Ways to Grow Your Mortgage Broker Business.

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Mortgage and refinance rates today, June 15, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose again yesterday, though less sharply than on the previous two working days. So some of the most popular ones remain above […].

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Just before the shockwave, mortgage applications rose

Housing Wire

Before the volatility wrought by high inflation and speculation about a rate hike by the Federal Reserve , mortgage applications increased 6.6% from the prior week, according to the latest Mortgage Bankers Association survey for the week ending June 10. Refinancing applications increased 4% from the prior week but were still 76% lower than the same week a year prior.

Mortgages 367
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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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Four Horsemen of the Housing Apocalypse, Part 4: On a Pale Horse – Political Turmoil

Notorious ROB

This content is behind fabulous velvet ropes for Notorious VIP Subscribers only. Please login or sign up. Thank you! -rsh. Monthly Subscription. $ 20. Monthly. Subscribe Now. Annual Subscription. $ 200. Annually (Save $40). Subscribe Now. The post Four Horsemen of the Housing Apocalypse, Part 4: On a Pale Horse – Political Turmoil appeared first on NotoriousROB.

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Fed makes biggest rate hike in 28 years to fight 2022 inflation

The Mortgage Report

The Federal Reserve hiked the fed funds rate by 75 basis points at its June meeting to fight inflation. Will mortgage rates spike?

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Daily Links: Amid Escalating Housing Crisis, Mayor Releases Broad-Brush Plan

Brownstoner

In the News Adams Announces Plan to Fix New York City’s Growing Housing Crisis [NYT] BP Reynoso Taps High Achieving Brooklynites for New Charity [Eagle] Feirstein Brings in Legendary Actor and Brooklyn’s Own John Turturro [Eagle] Brooklyn Councilmembers Vote Against ‘Unconscionable’ City Budget [BK Paper] Community Leaders Call For Anti-Gun Violence Funding in Canarsie [BK… Read More > The post Daily Links: Amid Escalating Housing Crisis, Mayor Releases Broad-Brush Plan appeared first

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Video of the Week: Experience a Protected and Historic Villa in Bavaria

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s Video of the Week. ????. Bavaria, Germany | Michael Reiss, Munich Sotheby’s International Realty. With its illustrious residents and various uses, the building’s appearance has changed over the years. While it had lost much of its former splendor – not least due to alterations, between 2005 and 2007, the current owners, with the help of expert architects, preservationists and c

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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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Compass and Redfin announce agent layoffs as housing sales crumble

Realty Biz

The real estate brokerages Compass and Redfin have rocked the industry with the news they’re laying off staff amid rising mortgage rates and a decline in home sales. Compass, in a filing with the Securities and Exchange Commission on Tuesday, said it will cut its workforce by 10%. On the same day, Redfin revealed it will slash its staff count by 8%.

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4 Ways House Hunting is Like Using Tinder

Mandrona Group

It’s love at first sight. The one that made your heart skip a beat. Maybe it was the charmer, the. Read More.

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Buying a home is so stressful that half of all buyers are left in tears, a survey finds

Realty Biz

Buying a home in today’s competitive market can be a stressful experience, often most similar to the stress of planning a wedding or being fired. The results of a new Zillow survey published last week show that 50% of home buyers say the process left them in tears, with Gen Zers and millennials — many of whom are first-time home buyers – far more likely to cry at least once during their home-buying journey.

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4 Best Real Estate Classes in Wisconsin for 2022

The Close

Are you looking for the best real estate classes in Wisconsin to launch your new career and set you up for success? We’ve reviewed the top schools for their course design, instructor support, ease of use, affordability, and more. In Wisconsin, you will need to complete a 72-hour prelicensing course to sit for the state exam and obtain a real estate license.

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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.