Fri.Aug 26, 2022

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Better.com conducts another round of layoffs 

Housing Wire

Amid a shrinking mortgage market and delays in its plan to go public, digital mortgage lender Better.com made another round of layoffs on Friday. That’s the fourth workforce reduction since December 2021, when the company’s Chief Executive Officer Vishal Garg gained infamy for laying off 900 employees in a Zoom meeting. On March 8, Better cut 3,000 jobs , roughly 35% of its staff in the United States and India.

Mortgages 361
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Good vibes in Hollywood: Luxury home with energy crystals lists for $24.995M

Fancy Pants Homes

Nestled in the hills above Sunset Strip, an impressive new construction has just hit the market in Los Angeles. Close to the Hollywood Hills , this stunning gated home offers panoramic city and canyon views along with the utmost privacy. Priced at a cool $24.995 million, the plush property offers all the bells and whistles you’d expect in an ultra-luxurious L.A. listing.

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Polly extends API portfolio as lenders look to streamline

Housing Wire

Polly, a software-as-service mortgage technology firm that operates a loan-trading platform, extended its Application Programming Interface (API) portfolio to better accommodate lenders amid a contracting mortgage environment. As part of the fintech’s long-term strategy to focus on “providing innovation for lenders,” San Francisco-based Polly said it enhanced its existing APIs, including the Product and Pricing Engine (PPE) API and its Initial Lock API.

Loans 350
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Luxury Real Estate Headlines: Fourth Week in August 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Yorke, Maine | Anne Erwin Sotheby’s International Realty. Dubbed the Shorehouse, the estate features a pool and pool house, plus ocean views. Custom-Built Coastal Maine Mansion Lists for Nearly $10.5 Million – Mansion Global. A Slanted Home Clad in Charred Wood Asks $2.3M in Upstate New York – Dwell.

Investor 106
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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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How to stay competitive with specialty mortgage products heading into 2023

Housing Wire

The mortgage industry is changing rapidly and originators are focused on adapting to a shifting market in order to stay competitive. HousingWire recently spoke with Lee Smith and John Gibson at Flagstar Bank about what originators can do to align their mortgage products and services with the ebb and flow of the housing market and what Flagstar is doing to help clients remain at the top of their game during this turbulent time.

Mortgages 336
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Should You Wait for Real Estate Prices to Crash Before Buying a Home?

Realty Biz

Many people remember the financial and housing crises of 2007 and 2008. That’s when the overheated housing market didn’t just slow down but instead went into a tailspin with millions of home prices dropping below the amount of the mortgage. These are known as ‘underwater’ mortgages. It also became known as the Great Recession when foreclosures became the icon of the era.

Lending 104

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Rising rates hurt buyers more than home price rises, economist says

Realty Biz

Home buying is getting harder, with mortgage rates on the rise again this week. This Thursday, they hit an average of 5.55%, according to data from Freddie Mac. Mortgage rates are now almost double what they were one year ago, and the latest data highlights the impact the increases are having on the cost of borrowing. Freddie Mac clocked the average 30-year, fixed-rate mortgage at 5.55% this week, up from 5.13% one week earlier and just 2.87% a year ago.

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Predator tricks that every intelligent agent should be aware of

The American Genius for Real Estate

A predator can use the same sales methods as you do, both effectively luring you in through a funnel system of questions. Fascinating.

Agents 111
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Share of Non-Conventional Financing Down in 2021

Eye on Housing

NAHB analysis of the 2021 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.8% of the market, while conventional financing dominated the market at 71.2%. In 2020, share of non-conventional financing was 34.4% of the market while conventional financing accounted for 65.6% of the market share.

Finance 91
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Coldwell Banker Realty and Guaranteed Rate Affinity Work Together to Help Siblings Fulfill Their Dream of Homeownership.

Coldwell Banker

Coldwell Banker Realty and Guaranteed Rate Affinity make the perfect team for anyone looking to buy and own their own home. The post Coldwell Banker Realty and Guaranteed Rate Affinity Work Together to Help Siblings Fulfill Their Dream of Homeownership. appeared first on Coldwell Banker Blue Matter.

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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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Webinar Recap: How to Handle Tech Overload and Choose What Will Work For Your Agents

RISMedia

By Devin Meenan During RISMedia’s latest Webinar–“How to Handle Tech Overload and Choose What Will Work For Your Agents” – moderator Joe Rand, chief creative officer of Howard Hanna | Rand Realty, quizzed his panelists on how they’ve most effectively used technology in their businesses. Panelists were Gretchen Pearson, president/owner at Berkshire Hathaway HomeServices Drysdale […].

Agents 104
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How Much Time Do Appraisers Spend in the Office vs. the Car?

McKissock

While a small number of real estate appraisers (e.g., review appraisers) may spend their entire workday in an office sitting at a computer, most split their time between the office and the field. Are you a new or prospective appraiser curious about what your workday might look like? Are you a current appraiser wondering how others divide and manage their time?

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“San Diego Prices Drop 5.6%”

BubbleInfo

From cnbc – an excerpt: Some local markets are seeing even steeper declines over the last few months. San Jose, California, saw the largest, with home prices now down 10% in recent months, followed by Seattle (-7.7%), San Francisco (-7.4%), San Diego (-5.6%), Los Angeles (-4.3%) and Denver (-4.2%). Home prices were still 14.3% higher […].

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Daily Links: At Lincoln Terrace Park, Culture and Community Keep the Tennis Scene Thriving

Brownstoner

In the News Brooklyn-Style Tennis: No Celebs, Plenty of Drama, Nothing Like U.S. Open [NYT] Why Aren’t Subway Stations Air-Conditioned? [NYT] Wait Goes On for NYC Housing Vouchers Despite ‘Immediate’ Fix Pledge [NYP] See It: Marsha P. Johnson Park’s New Design for Entrance [Eagle] Broadway in the Boros to Return After Two-Year Hiatus in September… Read More > The post Daily Links: At Lincoln Terrace Park, Culture and Community Keep the Tennis Scene Thriving appeared first on Brownstone

Design 75
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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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11 Best Real Estate Text Message Scripts for Agents Who Don’t Like Calling Leads

The Close

Real estate text message scripts can increase your ability to convert your leads. Why? Because many of your prospects may prefer text as their primary method of communication. And honestly, it may be yours too. Having an arsenal of great text message scripts saved in your phone and in your customer relationship manager (CRM) can boost your results and increase your response time for your leads.

Agents 91
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Kensington One-Bedroom Co-op With Wood Floors, Renovated Kitchen, Closets Asks $485K

Brownstoner

On the third floor of a 1930s building, this Kensington one-bedroom has details of the era like arched openings, a breakfast nook and a foyer with a niche along with a renovated kitchen with a dishwasher. The Colonial-Revival style six-story building was completed in 1939, according to its certificate of occupancy.… Read More > The post Kensington One-Bedroom Co-op With Wood Floors, Renovated Kitchen, Closets Asks $485K appeared first on Brownstoner.

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Ethics problem in your business? Here’s how to fix them ASAP

The American Genius for Real Estate

Will your family business be able to carry on your legacy, or fade away into a manipulated version of the original mission? The answer has everything to do with ethics.

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Fair on 44th Lynnwood Block Party

Mandrona Group

The Fair on 44th – Lynnwood’s Health & Safety Community Block Party will be held on 44th Ave W, between. Read More.

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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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How to Find Profitable Rental Investment Properties for Sale

Mashvisor

Rental property investing is a lucrative venture for investors. But how do you find the most profitable rental investment properties for sale? Table of Contents How Profitable Are Rental Properties?

Sales 66
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Fewer sellers list their homes as buyer demand cools

Real Trends

As home-price growth continues to slow and buyer demand wanes , fewer potential sellers are listing their homes. The number of new listings fell 15% in the four weeks ending Aug. 21, according to a new report from Redfin , released Thursday. This is the largest year-over-year decline since May 2020 at the start of the pandemic. Overall, the total number of homes for sale fell 0.6% from the previous four-week period , the second consecutive week of decline and the second time the total housing in

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AgentDrive Episode 1! Launching A Residential Mortgage Career On The Right Foot With Anthony Fragala From Cardinal Financial

Agent Drive

Full Episode: Welcome to the AgentDrive show! Where we dive into trade secrets that no one is sharing about the real estate industry to increase your earnings, grow your business, and build your network. This show is for anyone that wants to hear different approaches to making it in this crazy industry. Today, we’re talking […]. The post AgentDrive Episode 1!

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First Team Real Estate Welcomes Home Team Neeley: Your Real Estate Dream Team

First Team Real Estate

First Team Real Estate Welcomes Home Team Neeley: Your Real Estate Dream Team. Home is where the heart is with Allen and Valerie Neeley. The Neeley’s first joined the First Team family in 2015 and, after a short stint with another brokerage, have returned to their old stomping grounds by joining First Team’s branch office in Irvine. Allen has accepted a role as the branch’s Assistant Manager, while Valerie returns as a seasoned professional Realtor.

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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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Tips to protect yourself and your biz from common cybercrimes

The American Genius for Real Estate

Cybercrimes can cause some serious problems for you and your clients, but there are easy quick ways to insure the safety of any information.

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Return of Greenpoint Ferry Service Delayed Again

Brownstoner

Rocky construction complications have yet again delayed the reopening of the NYC Ferry stop in Greenpoint by two months, frustrating politicians in the northern Brooklyn nabe as the jetty has remained out of action for more than a year. The landing was supposed to once again serve waterborne commuters this month,… Read More > The post Return of Greenpoint Ferry Service Delayed Again appeared first on Brownstoner.

Land 52
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8 Cities Near Atlanta to Buy or Rent in this Year

Redfin

The “Big Peach,” Atlanta, GA , is widely known for its vibrant music scene, Southern cuisine, Coca-Cola, and of course, peaches. Home to top colleges like Georgia Institute of Technology and Spelman College, and iconic sports teams like the Atlanta Falcons, there’s something for everyone living in Atlanta. While Atlanta has so much to offer, even the most loved cities have drawbacks.

Sales 54
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SB 1079 Exploited

BubbleInfo

An excerpt from this article: Riggins, 67, retired early from his career in construction and maintenance for the city of Richmond after a knee injury put him on disability in 2008. But, the income from his tenants helped keep him afloat. “The building was in good shape, and I had good tenants,” Riggins said. “Everything […].

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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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5 Cities Near Charlotte to Buy or Rent in this Year

Redfin

The “Queen City,” Charlotte, NC , is the largest city in the state. Home to a number of major corporations, sports teams, cultural attractions, warm summers, and mild winters, there’s no shortage of reasons Charlotte is an awesome city. Certainly, Charlotte is a great place for many to live, but it may not be your top choice. So even if your job is in the city, you don’t have to live in Charlotte.

Sales 53
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Does Powell’s tough talk mean another 75 bps rate hike?

Housing Wire

Restoring price stability will cause some pain now, but will forestall the greater pain of higher inflation, Federal Reserve Chairman Jerome Powell said in a speech on Friday. Powell, speaking at an economic policy symposium in Jackson Hole, Wyoming, made it clear that the Federal Open Market Committee (FOMC) would continue to be tightly focused on bringing inflation back down to its 2% goal.

Mortgages 366
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10 Cities Near San Diego to Buy or Rent in this Year

Redfin

With its coastal views of the Pacific Ocean, San Diego, CA , is one of many destinations people are moving to in Southern California. The city is known for its mild climate, natural deep-water harbor, extensive beaches, and regional cuisine like fish tacos and California burritos. . Even with everything San Diego has to offer, every city has its flaws.

Sales 52
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Real estate startup Reali to shut down

Housing Wire

California real estate startup Reali is shutting down, with plans to lay off most of its employees on Sept. 9. The firm is the latest to fall victim to rising mortgage rates and a drop in home sales. . The San Mateo, California startup cited “the challenging real estate and financial market conditions and unfavorable capital-raising environment” as reasons for shuttering its business that was founded in 2015 by Ami Avrahami and Amit Heller. “Active real estate transactions will

Brokerage 397
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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.