Wed.Dec 07, 2022

article thumbnail

LOs, mortgage rates and the long, cold winter ahead

Housing Wire

Industry analysts say they expect loan volume to remain depressed for at least the next two quarters, meaning it will be a long winter for loan originators. The recent declines in mortgage rates brought a glimmer of hope that borrowers might be developing more of a stomach for home loans. But even with the drop in rates to the mid-6s, the market is still nowhere near ‘normal,’ and consequently, industry experts predict a long, cold winter for loan officers. “We are going into t

Mortgages 370
article thumbnail

Key Advantages of Buying a Home Today

Keeping Current Matters

There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today.

Marketing 231
Insiders

Sign Up for our Newsletter

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

article thumbnail

Lower mortgage rates are stabilizing the housing market

Housing Wire

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front of us, we can say they have stabilized the market. Purchase application data came out on Wednesday and the week-to-week data was down 3%, breaking the streak of four straight weeks of growth.

Mortgages 544
article thumbnail

What is an Escrow Holdback Agreement

Maximum Exposure Real Estate

What is an Escrow Holdback? There are few situations more exciting than closing on your new home. You and your family are eagerly awaiting the moment when you can sign the paperwork and take possession of your new residence, a place where you can finally rest easy and enjoy all the benefits of ownership. But […]. The post What is an Escrow Holdback Agreement appeared first on Maximum Real Estate Exposure.

Closing 113
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

CFPB to be lenient on enforcing changes from 2020 HMDA Final Rule 

Housing Wire

The Consumer Financial Protection Bureau stated on Tuesday that it will be lenient when enforcing changes made in the 2020 Home Mortgage Disclosure Act Final Rule on the closed-end loan reporting threshold. On September 23, 2020, the U.S. District Court for the District of Columbia issued an order vacating the 2020 HMDA Final Rule, changing the reporting data on closed-end mortgage loans to 25 from 100 in each of the two preceding years going back to the threshold set in 2015.

Loans 370

More Trending

article thumbnail

Over List, November

BubbleInfo

Only 12% of the houses sold last month actually closed over their list price, which sounds normal. There were 51 of the 115 of the sales (44%) that closed for $100,000+ BELOW their last list price. The count of 51 broke down to 17 of 19 sales over $3,000,000, and 34 of 96 sales under […].

Closing 105
article thumbnail

The Blanco Bungalow, an Instagram darling with a sizable following, sells for over $1 million

Fancy Pants Homes

A charming two-bedroom home in Long Beach, Calif. has now reached the end of a three-year revamp and is ready to embark on new adventures alongside its newest residents. The Blanco Bungalow, an Instagram-famous Spanish bungalow that oozes style and comfort — thanks to the relentless work of its former designer owner, Laura Genevieve — has recently sold for $1,010,000.

Design 105
article thumbnail

2023 Pricing Forecasts

BubbleInfo

Guesses of the percentage change in the 2023 national home pricing from today’s free WSJ article: NAR: +1.2% NAHB: +0.7% Fannie Mae: -1.5% Goldman Sachs: -7.5% Ivy Zelman: -12% (peak-to-trough in late 2024) John Burns: -20% (peak-to-trough in late 2024) KPMG: -20% The article doesn’t cover any new ground because nobody wants to commit to […].

105
105
article thumbnail

How to Get Rid of Closet Moths (No Smelly Mothballs Required)

Realtor.com

Stewart Sutton/iStock If your closet is full of cashmere, wool, cotton, and other natural-fiber clothing, they are at risk of becoming a delicious meal for critters called closet moths. They’re nothing to take lightly; left unchecked, these destructors can go from gnawing holes in sweaters to destroying your bedding and furniture. In order to salvage your belongings, you’ll need to know how to get rid of closet moths, pronto.

Closing 105
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

Canadian Real Estate Correction Expected To Continue Into 2023: RBC

Better Dwelling

Canadian real estate showed some encouraging signs last month, but don’t be fooled. RBC Economics wrote to clients breaking down major markets that have reported November sales. Canada’s largest bank warned that the market is still firmly in correction mode, with just a few exceptions. Despite minor signs of firming, they see real estate markets […].

Banks 104
article thumbnail

The Deteriorating Details of the Empty Little Landmarks of Downtown Brooklyn

Brownstoner

A wood railing, rotted away from its stoop, lies sprawled on the ground, once pristine latticework has vanished and bits of graffiti are scattered across white clapboard. Walks past the four early 19th century houses on Duffield Street in Downtown Brooklyn have shown a gradual deterioration of details as the… Read More > The post The Deteriorating Details of the Empty Little Landmarks of Downtown Brooklyn appeared first on Brownstoner.

article thumbnail

Britney Spears Sells Penthouse Condo in Destin, Florida

Dwell Real Estate

Brittney Spears sells her penthouse residence for $2 million. It was listed by Destin real estate experts - Corcoran Reverie. The pop queen sold the three-bedroom, three-bath property that she bought for $920,000 in 2001. In 2015 a fan asked Brittney's sister, Jamie Lynn what her favorite vacation spot was and she tweted "We have a condo in Destin, Florida, and it's the best getaway!".

98
article thumbnail

Daily Links: Nets Owners Back Brooklyn BIPOC Tech Leaders With $6 Million Investment

Brownstoner

In the News Why the Owners of the Nets Are Funding Brooklyn Tech Startups [NYT] TikTok Influencers Struggle to Rent in NYC Despite Six-Figure Incomes [NYP] Frank James Claimed He Was Passenger, Not Shooter, in Subway Attack [NYDN] ‘King of New York’: Art Installation Honors Biggie at Foot of Brooklyn Bridge [BP] Prospect Park's Magnolia… Read More > The post Daily Links: Nets Owners Back Brooklyn BIPOC Tech Leaders With $6 Million Investment appeared first on Brownstoner.

98
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 Know a Roof Replacement is Needed

Realty Biz

If you find what looks like damage to your roof, you will probably be concerned. You don’t want the rain entering your home and doing untold damage. But wait a moment, before you start planning for a roof replacement, is the issue really that serious? Replacement roofing can be expensive. Even if the roof has some noticeable problems, it might not need to be replaced just yet.

article thumbnail

9 Renter Mistakes to Avoid

Point2Homes

Renting your own place is often the first step on the real estate ladder. And, like with many first steps in life, mistakes can be made all too easily. With that in mind, let’s look over nine common mistakes renters make so that you can avoid them! 1. Only Budgeting for the Rent. Anyone planning to rent would do well to draw up a budget first. But as a renter, there are many more expenses besides rent.

As-is 98
article thumbnail

New Zillow Report Suggests Renters Must Work 63 Hours To Afford Rent In The U.S.

Bigger Pockets

A recent report from Zillow highlights the U.S. affordability crisis creatively. Rather than just focusing on the rapid price growth in rents across the country over the past couple of years, the […].

103
103
article thumbnail

6 Heating Mistakes Most People Make When It Gets Cold

Realtor.com

Getty Images The wintertime brings lazy days indoors, holiday hosting, and—you guessed it—freezing temperatures. One of the most important home maintenance tasks you can do ahead of the winter season is to make sure your heating system is in tiptop shape. And here’s the (sometimes) painful truth: It’s something that most homeowners assume is functioning correctly until it goes on the fritz.

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

PLG Limestone With Pier Mirror, Mantel, Renovated Kitchen Asks $2.2 Million

Brownstoner

This early 20th century Prospect Lefferts Gardens limestone has had a renovation that updated the main kitchen and added a second one to the garden level while leaving some of the period details in the house intact. Located in the Prospect Lefferts Gardens Historic District at 181 Fenimore… Read More > The post PLG Limestone With Pier Mirror, Mantel, Renovated Kitchen Asks $2.2 Million appeared first on Brownstoner.

article thumbnail

Two-Month Moving Checklist

Coldwell Banker

Follow this two-month checklist to keep your move on track. The post Two-Month Moving Checklist appeared first on Coldwell Banker Blue Matter.

101
101
article thumbnail

4 Tips to Choosing the Right Electrician

RISMedia

By Hannah Whittenly Whether you need a simple installation or a full-scale repair, your electrical wiring is important. You want someone with the training and skill needed to wire your home just right. Whether they're a certified electrician or a company, you want the right person to take care of it. At the same time, […]. The post 4 Tips to Choosing the Right Electrician appeared first on RISMedia's Housecall.

article thumbnail

How to move Intelligently When it is done Urgently

Realty Biz

Moving from one house to another is not an easy task. It is even less so, when you find yourself in a position when you need to act fast. Here are a few things to keep in mind, if you ever find yourself in such a position, so that you don't end up leaving things behind, forgetting to change your address or being left completely tired, after it is all said and done.

As-is 84
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

‘Seacrest Out!’ Ryan Seacrest Unloads One of His Beverly Hills Estates for $51M

Realtor.com

Getty Images / Realtor.com TV personality Ryan Seacrest has sold his gorgeous mansion in Beverly Hills, CA , for $51 million. While that surely is a large chunk of change, it’s still $34 million less than the $85 million Seacrest sought in 2020. The seven-bedroom estate was relisted in February for $69,950,000. The price dropped to $61,995,000 in May, then to $59,500,000 in September.

Closing 82
article thumbnail

Why Lifestyle Communities Are Attracting Home Buyers Of All Ages

Realty Biz

s. In recent years, there has been an increase in the number of lifestyle communities popping up across the country. These communities are designed to appeal to home buyers of all ages, with a focus on amenities and activities that promote a healthy, active lifestyle. From younger buyers looking for a place to raise their families to retirees looking for a maintenance-free lifestyle, these communities, such as the new homes community in Argyle, TX , have something to offer everyone.

Closing 83
article thumbnail

19 Real Estate Magnet Calendars to Promote Your Business Year-round

The Close

Believe it or not, 2023 is just around the corner and it’s time to start thinking about how you will market your business in the new year. One of the most fun marketing tools to market your business year-round is real estate calendar magnets. We rounded up some of the coolest real estate magnet calendars out there to help you find just the right one for your business.

Design 76
article thumbnail

Niche Real Estate Marketing with NicheZips

Realty Biz

Real estate marketing is all about targeting demographics carefully. The more focused you make your marketing efforts, the higher likelihood that the types of prospective clients you're looking for will see your marketing. As the number of prospects enter your sales funnel, this will naturally lead to a higher volume of conversions, which makes niche marketing so successful.

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.