Fri.Jan 07, 2022

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[video] The three most important housing factors for 2022

Housing Wire

This video is part of our HousingWire 2022 forecast series. After the series wraps in January, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Canadian Real Estate Needed Tighter Monetary Policy A Year Ago: BMO

Better Dwelling

Just when you think Canadian real estate can’t get any more exuberant, the central bank straps a rocket to it. That was the take from BMO, whose Friday research note is a quick look at Toronto real estate prices. The city, much like the rest of Canada, is seeing some of the highest home price […]. The post Canadian Real Estate Needed Tighter Monetary Policy A Year Ago: BMO appeared first on Better Dwelling.

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Consumer direct mortgage lender lays off 35 LOs

Housing Wire

Pink slips arrived for nearly three dozen loan officers at Wyndham Capital Mortgage on Wednesday, HousingWire has learned. The consumer direct mortgage lender, headquartered in Charlotte, North Carolina, said it laid off 35 LOs across its offices in Dallas, Charlotte, Salt Lake City, Kansas City, and Phoenix. In a statement, Jeff Douglas, CEO of Wyndham Capital Mortgage, said that the company is “well-positioned and continues making investments to compete in a purchase market and is poised to ga

Mortgages 409
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Should you apply for a mortgage online? Pros and cons of digital mortgages

The Mortgage Report

When you apply for a mortgage online with an all-digital lender, it will likely be faster and easier. But that doesn't always mean rates will be lower.

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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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HW+ Member Spotlight: Joe Langner

Housing Wire

This week’s HW+ member spotlight features Joe Langner, CEO at ReverseVision. Langner has more than 30 years of senior leadership experience, driving growth at marquee mortgage technology and software companies. As a former executive vice president and chief sales officer at Ellie Mae , Langner helped execute the firm’s initial public offering in 2011.

Mortgages 358
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Breathe In Bliss: 5 Chill Decor Vibes for Your Weary Foyer

Realtor.com

Photos via Instagram by piloproject / myplantlover / brabbu After the holiday rush, it’s easy to fall into a January slump. The days are short and cold, and you’ve packed away the merry rush of festivities until next December. But although the Yuletide buzz may be gone, the new year spark can infuse your home as this magical winter month offers its own tonic: rest.

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How To Kick-Start Your Burgeoning Real Estate Career in 5 Straightforward Steps

Realty Biz

Have you been dreaming about starting a career in the real estate industry? Whether you’re interested in becoming a real estate agent, a broker, a consultant, an appraiser or any of the other numerous career options available in this booming field, knowing which steps to take to get your career off the ground is essential. Although you may need to get additional education, certification and training to achieve your real estate goals, you may find that the payoff is well worth it in the end.

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$4.9M Private Island in New York Is the ‘Ultimate Staycation’

Realtor.com

Realtor.com A Mediterranean-style waterfront estate in an exclusive community in New Rochelle, NY, is now on the market for $4.9 million. “Finding a house in Premium Point is nearly impossible,” says the listing agent, Margaret Grasso of Berkshire Hathaway HomeServices, who says she and her family recently scooped up a home there earlier this year.

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Canadian Wages Are Growing Slower Than Inflation As Low Rates Continue A Toxic Run

Better Dwelling

Canadian households will have to start cutting back and not because of higher rates. It’s the opposite, with low rates now producing toxic price growth for goods and services. Statistics Canada (Stat Can) data shows the average weekly wage saw a substantial increase in December. A closer look shows that rate failed to keep up […]. The post Canadian Wages Are Growing Slower Than Inflation As Low Rates Continue A Toxic Run appeared first on Better Dwelling.

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Pros and cons of buying points on a mortgage loan in 2022

The Mortgage Report

Mortgage points affect the interest rate you get when you finance a home. When is it smart to buy mortgage points, and when should you avoid them?

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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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American Households Face Their Worst Fear: ‘Ew, What’s That Smell?’

Realtor.com

Getty Images Housebound Americans are buying more air fresheners, scented candles and pungent cleaners to overcome one of humanity’s deep social fears—that visitors will think their abodes stink to high heaven. Lauren Brinn, of Madison Heights, Mich., stocked up after hunkering down for more than a week with a mild case of Covid-19. “Being home around the house a lot,” she said, “you start to notice things.

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Zillow hit with another lawsuit after iBuying collapse, claiming they misled investors

The American Genius for Real Estate

(REAL ESTATE) Stockholders are suing, alleging that Zillow publicly praised the iBuying program despite knowing it was dying, and they claim to "suffer significant damages.". The post Zillow hit with another lawsuit after iBuying collapse, claiming they misled investors appeared first on The American Genius Real Estate.

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Luxury Real Estate Headlines: First Week of January 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. London, England | Guy Bradshaw, United Kingdom Sotheby’s International Realty. Nestled in the city’s posh Belgravia, and tucked between Hyde Park to the north and Buckingham Palace and its gardens to the east, the six-bedroom home on Wilton Place is a “truly unique Grade II-listed house,” according to its listing with UK Sotheby’s International Realty.

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Southeast Multifamily: Institutionalization, Rent Growth, and Room to Run?

A Student of the Real Estate Game

Happy new year! As we kick off 2022, I wanted to dig into one of the hottest real estate segments, multifamily in high-growth markets in the Southeast. At least once a week I hear about a new fund targeting value-add multifamily deals across the Southeast, an operator opening a Miami office, or an Opportunity Zone fund targeting sites in the Sunbelt.

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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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Rate Bump

BubbleInfo

Mortgage rates in the mid-3s in January should put some pep in the buyers’ step. From MND: Regular readers know that we’re fond of setting the weekly record straight in cases where day-to-day rate movements paint a drastically different picture than weekly surveys. When it comes to the latter, there’s really only one game in […].

Mortgages 105
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Are Your Tenants in Common or Joint Tenants?

Realty Biz

Are you thinking about buying property with someone? If so, you need to understand the two main ways that people buy property together: joint tenancy and tenancy in common (TIC). While both types of arrangements allow multiple parties to own interests in the same undivided piece of real property, they’re different types of arrangements and they’re typically used for different things.

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HomeSmart Files IPO with SEC

RIS Media

HomeSmart has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock, the company announced Friday. The number of shares to be offered and the price range for the offering have not yet been determined, the company states. HomeSmart has applied to list its common stock on the Nasdaq under the ticker symbol “HS.”.

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Job Gains Slow in December

Eye on Housing

Job gains slowed sharply for the second straight month in December as the Omicron variant began to spread. Nonfarm payrolls increased by 199,000 in December, and the unemployment rate fell to 3.9%. Construction industry employment (both residential and non-residential) totaled 7.6 million, with 22,000 construction jobs added in December. Residential construction lost 4,100 jobs while non-residential construction employment rose by.

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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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The New Year Kicks Off With Raised Mortgage Rates

RIS Media

The 30-year fixed-rate mortgage (FRM) averaged 3.22% for the week ending Jan. 6, 2022, according to Freddie Mac’s latest Primary Mortgage Market Survey® (PMMS®). Mortgage details: The 30-year fixed-rate mortgage averaged 3.22% with an average 0.7 point, up from last week when it averaged 3.11%. Last year, the 30-year FRM averaged 2.65%. The 15-year fixed-rate mortgage averaged 2.43% with an average 0.6 point.

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Mix a Cocktail Behind the Bar of This Time-Capsule Mamaroneck Hofbrau, Yours for $1.4 Million

Brownstoner

It's been sealed for decades but carefully maintained, with checkered tablecloths draped over tables, bright stools pulled up to the striking 1930s bar and a vintage cash register just waiting to ring up customers should they return. The former Huber's Hofbrau in Mamaroneck, N.Y. -- which includes living quarters that… Read More > The post Mix a Cocktail Behind the Bar of This Time-Capsule Mamaroneck Hofbrau, Yours for $1.4 Million appeared first on Brownstoner.

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Change the Course of Your Real Estate Career in Just 100 Days

RIS Media

The new year means a fresh start. For some, that means setting goals and getting after them. For others, it may mean shifting something in their life to achieve success. The first 100 days of any new undertaking are vital to the outcome. This time sets the tone and lays the all-important groundwork for the future success or failure of a venture. The great news is that whether you’re new to the industry or trying to rework your current approach to real estate, it only takes 100 days to get

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Attention Foodies – Palm Beach Gardens

Waterfront Properties

Attention foodies there is an innovative cuisine dining experience opened in Palm Beach Gardens. Welcome to Stage Restaurant. Acclaimed chef Pushkar Marathe’s new restaurant Stage has an open kitchen and large community table. Stage (pronounced / STAAHJ /) serves a variety of Indian cuisines and other international dishes. They offer an integrated, small-plates experience, inspired by diverse culinary influences from across the world.

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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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Job Growth Slowed in December as Pandemic Cases Surged

RIS Media

Job growth didn’t meet expectations for the month of December, as COVID-19 cases surged due to the highly infectious Omicron variant. According to the latest data from the Bureau of Labor Statistics , nonfarm payrolls increased by 199,000 and unemployment fell to 3.9%. However, this is behind the Dow Jones estimate of 422,000 for payroll for the month of December.

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What are your chances of mortgage approval?

The Mortgage Report

Many home buyers wonder if they can get approved for a mortgage. Learn what lenders are looking for and how to increases your chances of mortgage approval.

Mortgages 105
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MooveGuru Tech Franchise Sold in 20 States in First 180 Days

RIS Media

YourHomeHub by MooveGuru—a system the company is calling the first PropTech franchise—has sold in 20 states in the first 180 days since launch. “We have expanded our franchise coverage area to 20 states in 180 days,” said Kathleen Kuhn, president of MooveGuru, in a statement. “Statewide rights have been issued in Alabama, Colorado, Delaware, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, Montana, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Washin

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3 Resources to Help Reduce Appraisal Bias

McKissock

Phrases like appraisal bias, the appraisal gap, and discrimination in appraisals have become buzz words in the media over the past year. As a real estate appraiser, actions you can take to avoid bias and accusations of discrimination may include educating yourself on these issues, avoiding use of subjective terminology, carefully complying with USPAP and Fair Housing laws, and, in general, completing all appraisal assignments with objectivity and impartiality.

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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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Royal Palm Beach Green Market and Bazaar

Waterfront Properties

The Royal Palm Green Market and Bazaar is located at 1050 Royal Palm Beach Boulevard in Royal Palm Beach. They offer an abundance of healthy plants and organic products. The outdoor market features a wide selection of products ranging from fruits and vegetables, herbs, and spices to everyday favorites like fresh seafood, local honey, and fresh baked goods.

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Real Estate Q&A: What Are My Legal Options After Handshake Deal Over Vacant Lot?

RIS Media

(TNS)— Q: In 2014, I struck a deal to buy my neighbor’s vacant lot behind their house. We shook hands in front of a witness. According to our deal, I immediately wired the money to his account and paid the property taxes yearly. Last week, I noticed a for sale sign on my lot. I called him to ask what was going on, and he told me that it was already under contract.

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New Borough President Boots Parked Cars From Brooklyn Borough Hall Public Plaza

Brownstoner

Six days into his tenure as Brooklyn borough president, before his new website has launched or any policy decisions have been made, Antonio Reynoso has one thing to say: keep your cars off my plaza. Or, perhaps, our plaza. “The Borough Hall has been rid of cars and returned to the people,”… Read More > The post New Borough President Boots Parked Cars From Brooklyn Borough Hall Public Plaza appeared first on Brownstoner.

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Realogy Announces Upsizing and Pricing of $1B Offering of Senior Notes

RIS Media

Realogy Holdings Corp. recently announced that its indirect, wholly-owned subsidiary, Realogy Group LLC, together with a co-issuer, priced $1 billion aggregate principal amount of 5.250% senior notes due 2030 at par in a private offering that is exempt from the registration requirements of the Securities Act of 1933. The size of the offering has been upsized from $550 million to $1 billion.

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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.