Thu.Jul 28, 2022

article thumbnail

A Real Estate Professional Helps You Separate Fact from Fiction

Keeping Current Matters

If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture.

Marketing 228
article thumbnail

U.S. House passes remote online notarization bill

Housing Wire

The U.S. House of Representatives passed a bill late Wednesday creating federal minimum standards, which would allow notaries nationwide to perform remote online notarizations. The legislation passed the House with a vote of 336-90. A key to advancing the universal adoption of fully electronic mortgages is the creation of remote online notarization (RON) standards across all 50 states.

Title 523
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bed Stuy’s Secret Tents Society Launches Fundraiser to Restore Its Grand But Crumbling HQ

Brownstoner

The Bed Stuy chapter of the historic secret aid society run by Black women, United Order of Tents, has pulled back the curtain to ask the community for help restoring its magnificent but dilapidated headquarters at 87 MacDonough Street. In a GoFundMe that kicked off July 21, United Order of Tents… Read More > The post Bed Stuy’s Secret Tents Society Launches Fundraiser to Restore Its Grand But Crumbling HQ appeared first on Brownstoner.

article thumbnail

Purchase mortgage rates fall same week as Fed’s rate hike

Housing Wire

Purchase mortgage rates dropped after climbing for two consecutive weeks, reflecting declining consumer confidence and an emerging “technical recession,” amid a higher interest rate environment. Purchase mortgage rates declined this week to average 5.30%, down from last week’s 5.54%, according to the latest PMMS survey from Freddie Mac.

Mortgages 382
article thumbnail

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.

article thumbnail

La Costa Oaks Stunner!

BubbleInfo

Check out our new listing in Davidson’s Starboard neighborhood of La Costa Oaks! 7535 Circulo Sequoia, Carlsbad 5 br/3.5 ba, 4,0000sf YB: 2005 LP = $2,295,000 The original owner of this premier Plan 2 was the CFO of Davidson Communities, and added over $100,000 in custom upgrades you probably won’t find anywhere else. The smooth-finish […].

105
105

More Trending

article thumbnail

“Gesamtkunstwerk” — Living Life in a Total Work of Art

Sotheby's International Real Estate

Is there a separation between art and craft? For many of the most celebrated artists, architects, philosophers, and designers of the past 200 years, art and craft exist on a continuum, so every space and object deserves to be a masterpiece in its own right. The term for this is Gesamtkunstwerk —a loanword of German origin that roughly translates to “a total work of art”.

Design 99
article thumbnail

UWM rolls out another jumbo ARM product

Housing Wire

United Wholesale Mortgage (UWM) rolled out a new adjustable-rate mortgage (ARM) product for jumbo loans in an effort to provide brokers more options in a highly competitive mortgage origination market. UWM’s Prime Jumbo Max pricing offers a seven- or 10-year ARM with a rate/term and cash-out refi for a maximum loan amount as much as $3 million, with a maximum loan-to-value ratio of 80% and minimum FICO score of 700, the wholesale lender said.

Loans 382
article thumbnail

The Second Quarter of Negative Growth: A Recession?

Eye on Housing

The U.S. economy definitively slowed in the first half of 2022 as the Federal Reserve tightened financial conditions. Real GDP fell for the second straight quarter, while the Fed raised interest rates by 75 basis points for the second consecutive month to reduce inflation pressure. Despite these negative elements, the job market remained solid amid inflation concerns and growing recession.

Marketing 103
article thumbnail

Pennymac Financial cuts another 32 jobs in California

Housing Wire

Nonbank mortgage lender Pennymac Financial Services laid off 32 additional employees in July, ahead of its scheduled Aug. 2 second-quarter earnings report. It marks the California-based company’s third round of layoffs this year, as Pennymac had a workforce reduction of 236 employees in March and cut another 207 staff members in May. According to a Worker Adjustment and Retraining Notification (WARN) alert submitted to the Employment Development Department (EDD), on July 18 the company cut

Equity 382
article thumbnail

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.

article thumbnail

What’s happening in Canada’s top real estate markets?

Real Trends

Canadian buyers are taking a breath as they wait to see where prices will land as the market normalizes, according to the Engel & Völkers 2022 Mid-Year Canadian Luxury Real Estate Market Report , a residential property analysis covering the markets in Halifax, Montréal, Ottawa, Toronto, and Vancouver. This year’s analysis shows how Canada’s real estate market is normalizing after record highs in 2021.

article thumbnail

How borrowers can stay afloat with home equity products during difficult economic times

Housing Wire

Some homeowners are confronting a difficult choice: sell or face foreclosure. Even those with a considerable equity stake may find themselves in this dilemma. What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? HousingWire recently spoke with Phil Johnsen, SVP/GM Servicing & Real Estate Solutions at Altisource, about how Altisource’s Equity Sheild can help.

Equity 382
article thumbnail

Builders are increasing incentives as new home sales decline

Realty Biz

After struggling to keep up with demand for much of the last two years, U.S. home builders say they’re now seeing a slowdown in sales, resulting in a backlog of homes they’re struggling to sell. r ince. Sales of newly built homes fell more than 8% in June from the prior month and were down 17% from a year ago, according to a report Tuesday from the U.S.

Sales 88
article thumbnail

Treasury Department expands funding options for affordable housing

Housing Wire

The U.S. Treasury Department has issued new guidance empowering state, local and tribal governments to direct more of the funding appropriated under the American Rescue Plan Act of 2021 toward affordable-housing investments. The $350 billion American Rescue Plan (ARP) includes a range of aid focused on reducing hardships that individuals, businesses and communities face due to the COVID-19 pandemic.

article thumbnail

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.

article thumbnail

How to Get Organic Backlinks for Your Real Estate Site

Realty Biz

Like just about any other business, a real estate agency relies heavily on online activity and quite frankly organic backlinks. Both potential buyers and sellers spend lots of time online researching properties, after all! In other words, your real estate website needs to be optimized so that when prospective new clients Google what they’re looking for, your site comes up in their search results as close to the top as possible. .

As-is 84
article thumbnail

More than ever, lender profitability requires maintaining pace with innovation

Housing Wire

Lenders continue to face tightening profit margins as interest rates stay substantially higher than they were last year. In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace?

article thumbnail

Mortgage Rates Didn’t Blow Up

BubbleInfo

The Fed did what they said they were going to do and raised their fed funds rate target by another 0.75%. What happened to mortgage rates? They went down! Read the story here. Yes the -0.01% isn’t much, but didn’t every casual observer think mortgage rates were going to rise again? That we were heading […].

article thumbnail

Spirits remain high as income drops at Old Republic

Housing Wire

Despite drops in revenue and income in the second quarter , Old Republic International Corp. executives remained positive during their earnings call with investors Thursday afternoon. “While we are reporting decreases in revenue and pretax operating income for this quarter, it is important to keep in perspective that these comparisons are to a year that saw record-setting demand for housing and investments in the real estate market,” Old Republic Title President Carolyn Monroe told investors.

Title 368
article thumbnail

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.

article thumbnail

The Evergreen State Fair in Monroe

Mandrona Group

Located in Monroe, Washington Since 1949, the 193-acre Evergreen State Fairgrounds is home to the Evergreen State Fair which attract. Read More.

93
article thumbnail

Verification solutions provider Xactus acquires MassiveCert

Housing Wire

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. With the acquisition, Xactus will offer flood zone determinations to its clients by using its proprietary flood data and technology products, the firm said Wednesday.

Banks 367
article thumbnail

6 of the Top We Buy Houses for Cash Companies in Alabama

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.

article thumbnail

Fed’s interest rate hike to create less competition in the housing market 

Housing Wire

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. Even economists are divided on what’s to come: Some believe rates have already peaked; others say they’ll climb until or unless the nation’s economy officially enters a recession.

Marketing 302
article thumbnail

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.

article thumbnail

6 of the Top We Buy Houses for Cash Companies in Delaware

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.

article thumbnail

US economy contracts in Q2, enters “technical recession”

Housing Wire

The U.S. real gross domestic product (GDP) decreased 0.9% annually in the second quarter of 2022, after falling 1.6% in the previous three months, according to the U.S. Bureau of Economic Analysis (BEA). And the slowdown in the U.S. housing market was a major driver of the economic decline. Two consecutive quarters of negative growth mark a “technical recession.” However, the Biden administration has argued that the American economy is not in a recession, based on a still strong labo

article thumbnail

6 of the Top We Buy Houses for Cash Companies in Louisville

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.

article thumbnail

How to Remain Independent as a Senior

Realty Biz

One of the hardest pills to swallow as you age is the fact that you may not be able to do everything on your own anymore. For people who have been independent for most of their lives, it can be quite an adjustment to have to suddenly depend on someone else. However, the fact remains that it is harder for seniors to be entirely independent, especially if they have health issues.

As-is 66
article thumbnail

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.