Wed.Aug 24, 2022

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Why Today’s Housing Inventory Proves the Market Isn’t Headed for a Crash

Keeping Current Matters

Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then.

Marketing 232
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Homepoint cuts rates by 75 bps for low-income borrowers

Housing Wire

Homepoint has launched a new program to reduce rates for borrowers with lower income, the wholesale lender announced Wednesday. The initiative comes after the company reported a loss in the second quarter of 2022 amid a price war, mainly from its wholesale-only rival United Wholesale Mortgage (UWM). . Homepoint is offering a 75 basis point pricing bonus for conforming conventional loans, with no additional cost to borrowers.

Loans 396
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The Cons of an Adjustable Rate Mortgage

Realty Biz

Over the last few years it has been an extreme seller’s market characterized by low inventory and rising home prices. Home sellers have been in the drivers seat. Most homes listed for sale have experienced bidding wars with sales prices ending up far over the asking price. It has been the ultimate nirvana for home sellers. Not so much for home buyers who have seen their dream home become more and more expensive.

Mortgages 131
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Tomo launches solution for the dreaded appraisal gap

Housing Wire

For the past two years appraisal gap clauses have been de rigueur in many markets , much to the disdain of frustrated homebuyers. Mortgage startup Tomo feels, however, that it has a solution. On Wednesday, the firm launched Tomo Appraisal Coverage. Tomo says its appraisal coverage product protects home buyers from having to bring more cash to the close when appraisals come in low, with the same APR, cash-to-close and monthly payment guaranteed.

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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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What is the importance of Real Estate SEO Now

Realty Biz

There are more than 1.9 billion websites currently active on the internet, and if you plan on generating leads and getting yourself known on the internet, you’ll have a lot of other websites to compete with. But how is it even possible to compete with so many other websites, you might ask? It all has to do with the power of real estate SEO. If you don’t use SEO for your real estate agency, you will find that your agency will remain virtually unknown to the masses.

Title 126
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UWM enters the HELOC space

Housing Wire

Top wholesale lender United Wholesale Mortgage (UWM) is the latest originator to join the resurgent home-equity lines of credit (HELOC) market. The Pontiac, Michigan-based lender has started to offer standalone and piggyback options, as fast-rising home values allow homeowners to tap the equity in their houses to pay debts, expenses or investments. .

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Mortgage apps continue downward trend

Housing Wire

Demand for mortgage loans continued to decline last week, remaining at the lowest level in two decades, according to the Mortgage Bankers Association (MBA). The market composite index , a measure of mortgage loan application volume, fell 1.2% for the week ending Aug. 19, compared to the previous week. It was also down 63% compared to the same week in 2021.

Mortgages 362
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How to Set Up a Smart Home Gym at home

Realty Biz

Going to a public gym has become unpopular in the past couple of years due to the impact of COVID-19 and related restrictions. If in 2019, the market size of the gym, health, and fitness club industry in the United States was $39.9 billion, in 2021, it decreased to $35.3 billion. However, Statista predicts that the market will recover in 2022, reaching $36.6 billion by the end of the year. .

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SoftPro integrates with Doma

Housing Wire

Title and closing software provider SoftPro has released a new integration with Doma Title Insurance, Inc. , the firm announced Wednesday. Through the integration , Doma agents who are customers of SoftPro can now issue closing protection letters, as well as commitment and policy jackets within their title insurance software. SoftPro says that this eliminates the need to leave the platform and the reentering of data.

Title 328
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Pending home sales (contracts signed) fall 19.9% versus last year

The American Genius for Real Estate

Pending home sales fell monthly in all regions but the West, and fell annually by double digits across the nation. What's next for housing? The post Pending home sales (contracts signed) fall 19.9% versus last year appeared first on The American Genius Real Estate.

Sales 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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3 HW Annual panels to reignite your passion for the housing industry

Housing Wire

It has been a nonstop year for the housing industry. From sky-high home prices to fluctuating mortgage rates and staffing changes, it is no wonder that Realtors, loan officers and other industry professionals are feeling burnt out. Not to worry, there are panels at HW Annual to re-ignite your passion for the housing industry and help you improve your work-life balance, or should we say work-life harmony, to avoid burnout. . 1.

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6 Phrases to Help Your Sellers Price Their Home Correctly

HomeLight

Ever heard the saying “It’s not what you say, but how you say it”? In today’s changing real estate market, that phrase rings true more than ever. According to the National Association of REALTORS®, existing home sales sagged for the sixth straight month in July, and all four major U.S. regions recorded month-over-month and year-over-year sales declines.

Agents 98
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If Your Buyer Makes Home Inspection Requests, You Might Not Want to Say No Right Now

Lighter Side of Real Estate

It’s an industry joke that some buyers request the seller to repair even the most minor issue found on a home inspection, like a leaky faucet for example. But over the past couple of years, most sellers could list their house and it would quickly sell for over asking price — and buyers would often waive the home inspection — so sellers wouldn’t have to worry about that at all.

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How Many Rental Listings Are Going Over The Asking Price?

Toronto Realty Blog

TorontoRealtyBlog. The rental market doesn’t get a lot of attention. Or at least historically, it hasn’t. Who cares about rentals, right? Tell us about bidding wars, bully offers, and 30% annualized price appreciation! Only through the last few months has the mainstream media taken notice of the red-hot rental market, and I figure: it’s about time.

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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 to Convince a Seller It’s Time for a Price Reduction

HomeLight

You’ve educated your sellers about the market conditions, agreed on a price, and still, no offers on their home. Any agent knows that means that it’s time for a price adjustment and one of those not-so-cozy conversations. There are six essential phrases you can use during the pricing conversation to help a seller set the right price when listing their home for sale.

Agents 90
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Slight Uptick for Missing Middle?

Eye on Housing

The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has disappointed. For 2021, there were only 12,000 starts of such residences.

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5 of the Top We Buy Houses For Cash Companies in Illinois

HomeLight

Disclaimer : This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more.

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Contract signings may have bottomed out in July

Real Trends

Pending home sales dropped for the second consecutive month in July, recording a 1.0% month-over-month decrease resulting in an index reading of 89.9, according to data released Wednesday by the National Association of Realtors. In May , the index rose slightly to 99.9, but it dropped 8% in June to 90.7. The Pending Home Sales Index has declined for eight out of the past nine months.

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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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5 of the Top We Buy Houses For Cash Companies in New Jersey

HomeLight

Disclaimer : This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more.

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Flooring Alternatives for That ‘Hardwood Look’ on a Budget

RISMedia

By Meghan Belnap Innovation in construction materials means there are a number of flooring alternatives that can give your home the hardwood look without the high price tag. Laminate and engineered wood are two popular choices that offer the beauty of hardwood at a fraction of the cost. Let's take a look at some of […]. The post Flooring Alternatives for That ‘Hardwood Look’ on a Budget appeared first on RISMedia's Housecall.

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5 of the Top We Buy Houses For Cash Companies in Virginia

HomeLight

Disclaimer : This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more.

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Inventory Shortage To Get Worse?

BubbleInfo

Buyers who worry that their money doesn’t get them much these days will be bummed to hear that it’s probably not going to change. The changes in the market forces are conspiring together to create less inventory, and a couple of big blows this year could really drive down the number of houses for sale […].

Sales 75
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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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How to craft a clever CTA that catches everyone’s eye

The American Genius for Real Estate

Realtors could always use a clever call to action (CTA) in their marketing. Use these tips on how to craft one perfect for your brand. The post How to craft a clever CTA that catches everyone’s eye appeared first on The American Genius Real Estate.

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Get Ready for Spring With the 21st Annual Daffodil Project

Brownstoner

It might feel a bit early to be thinking of spring flowers, but if you want to beautify your neighborhood with bright blooms you can sign up now for free bulbs or some volunteer hours through the Daffodil Project. Begun in 2001, the more than nine million daffodils distributed through… Read More > The post Get Ready for Spring With the 21st Annual Daffodil Project appeared first on Brownstoner.

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NAHB Publishes Most Affordable Housing Markets in the US for Q2 2022

Mashvisor

The National Association of Home Builders (NAHB) recently published its list of the most affordable housing markets in the US for the second quarter of 2022.

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Roomy Prospect Heights Studio With Dressing Area, Renovated Kitchen Asks $549K

Brownstoner

With a layout that includes a sleeping alcove, dressing area and a foyer large enough for dining, this Prospect Heights co-op offers a generous amount of space for a studio. It is on the first floor of 230 Park Place in the Prospect Heights Historic District. When pitching the building to… Read More > The post Roomy Prospect Heights Studio With Dressing Area, Renovated Kitchen Asks $549K appeared first on Brownstoner.

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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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Best Technology for Real Estate Agents

McKissock

Imagine a problem you have in life. There is probably some app or bit of technology that can resolve it all together—or at least make it easier to manage. The same is true for your career in real estate. When you are a busy agent who is strapped for time and maybe feeling a little overwhelmed, technology can simplify your life and help you be more productive.

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Video Intercom Systems – Complete Guide [2022]

Swiftlane

If you’re looking for a way to increase security and handle visitor communication at your home, business or commercial building, a video intercom system may be the answer. In this post, we take a high-level view of video intercom systems, what they are, how they work, wired vs wireless intercoms, and their types and applications. […].

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7 Reasons Why Scaffolding is Key for Construction

Louisville Homes

Scaffolding is a temporary structure used to support people and materials during the construction, repair, or maintenance of buildings, bridges, and other large structures. It is usually made out of wood, metal, or plastic. Scaffolding is also used in event infrastructure to create grandstands, stages, and access towers. In this piece, we’re going to look at seven reasons why scaffolding is key to both the structure and the workers.

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Real Estate Showing Management & The Power of Data

Lab Coat Agents

Agents, ever buy tools to get insights into homebuyers and sellers to help grow your business. Brokerages, ever buy tools to better your agents to help their business? . Data is something we spend hundreds of thousands of dollars on for the opportunity to learn something that will better our business. But what do we do with this data? There is no manual of if you have this data you can do “x, y ,z” things to better your business.

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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.