Tom Ferry

MAY 19, 2022

Have you ever been working with a client only to find out that you have different belief systems? I’m not talking about politics or religion – just that the information you’re trying to provide isn’t getting through because your client has heard different things from less trustworthy sources. If we want to be effective, we […]. The post 4 Steps to Go from Sales to Service (and Get the Sale Every Time) appeared first on Tom Ferry.

Sales 89

Sales Marketing Agents 89

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up.

Marketing 528

Marketing Sales Staging Short sale 528

Keeping Current Matters

MAY 19, 2022

A recession does not equal a housing crisis.

Marketing 310

Marketing 310

Housing Wire

MAY 19, 2022

Purchase mortgage rates this week averaged 5.25%, down five basis points from a week ago , as some individuals put the American homeownership dream on standby due to higher rates and surging home prices, according to the latest Freddie Mac PMMS. This time a year ago, the 30-year fixed-rate purchase rates were at 3%, the report shows. The government-sponsored enterprise (GSE) index accounts for just purchase mortgages reported by lenders during the past three days.

Mortgages 488

Mortgages Fixed-rate mortgage Banks Loans 488

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Development

Eye on Housing

MAY 19, 2022

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the first quarter of 2022 single-family attached starts totaled 36,000, which is 16% higher than the first quarter of 2021. Over the last four quarters, townhouse construction starts totaled 152,000 units, 25% higher than the prior four quarter total (122,000).

Construction 137

Construction Design 137

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. That’s the consensus forecast of a panel of non-agency industry experts who spoke at the Mortgage Bankers Association ’s (MBA’s) Secondary and Capital Markets Conference & Expo in New York City this week. .

Industrial 476

Industrial Loan Officer Lending Fixed-rate mortgage 476

Housing Wire

MAY 19, 2022

Madison-based Fairway Independent Mortgage Corp. appears to be the latest mortgage lender to cut jobs due to the challenging origination market, showing that surging mortgage rates and home prices are now affecting companies with a high share of purchase loans in their portfolios. Fairway staff across the country received phone calls last week from their supervisors announcing they were part of a round of layoffs, a dozen former employees told HousingWire over the last few days.

Loans 476

Loans Mortgages Technology Finance 476

Eye on Housing

MAY 19, 2022

As rising mortgage rates and higher home prices continued to price out first-time and young homebuyers and reduce affordability, existing home sales dropped to the lowest level since June 2020, according to the National Association of Realtors (NAR). However, the trend in home price appreciation continued as supply remained tight. Total existing home sales, including single-family homes, townhomes, condominiums and.

Sales 119

Sales Mortgages 119

Housing Wire

MAY 19, 2022

Skyrocketing mortgage rates and a slowdown in new home constructions led to a drop in home purchases in April. Mortgage applications for new home purchases dropped 10.6% in April from the same period last year, according to the Mortgage Bankers Association builder application survey. Compared with last month, applications dropped by 14%. . MBA estimates that about 701,000 new homes were sold in April at a seasonally adjusted annual rate, marking a decline for five consecutive months.

VA loan 459

VA loan FHA loan Construction Loans 459

HomeLight

MAY 19, 2022

Looking to sell a house “as is” in Maryland? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. There are some misconceptions about what “as is” means, says top-rated Maryland real estate agent Juan Umanzor. “I get a lot of sellers who say, ‘Juan, we’re going to make some updates to this home, but we don’t want to do anything else.

As-is 119

As-is Inspection Investor Closing costs 119

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Housing Wire

MAY 19, 2022

The Community Home Lenders Association (CHLA) sent a letter, signed by 41 independent mortgage banks, to the Federal Housing Administration (FHA) on Wednesday urging the administration to cut mortgage insurance premiums. The letter, which includes signatures from South Carolina-based Movement Mortgage , Cherry Creek Mortgage , Texas-based Thrive Mortgage and Draper & Kramer Mortgage , advised the FHA to get rid of its life of loan policy and reduce the annual premiums by 30 basis points to.5

Loans 448

Loans Mortgages Equity Banks 448

The Mortgage Report

MAY 19, 2022

Skyrocketing home prices have some buyers worried about their new home's value dropping. While a small correction could come, the market should stay stable.

Marketing 116

Marketing 116

Housing Wire

MAY 19, 2022

A combination of persistent inflation, rising interest rates and a slowdown in global economic growth forced Fannie Mae to reduce this year’s GDP growth rate. Fannie Mae’s Economic and Strategic Research (ESR) Group dropped its projected 2022 real GDP to 1.3%, 0.8 percentage points lower than its previous forecast. It sees the second quarter of growth rebounding to 1.6%, despite the economy contracting 1.4% in the first quarter.

Mortgages 448

Mortgages Land Construction Development 448

The Mortgage Report

MAY 19, 2022

Today’s mortgage and refinance rates Average mortgage rates barely moved yesterday. In some ways, that was disappointing. Because, had the mayhem in stock markets translated into bond markets, we might […].

Mortgages 116

Mortgages Marketing 116

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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

Brokerage

Housing Wire

MAY 19, 2022

HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. HousingWire: The current inventory shortage doesn’t seem like it will let up anytime soon. What challenges does this present to brokers? Jon Irvine: First, refinance volume has already dropped significantly from 2021 to Q1 2022.

Marketing 435

Marketing Lending Loans Closing 435

Eye on Housing

MAY 19, 2022

Confidence in the market for new multifamily housing turned downward in the first quarter of 2022, according to the latest results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two main indices. The survey’s Multifamily Production Index (MPI) decreased six points to 48 in the first quarter, dipping below the break-even mark of 50 for the first time in.

Marketing 111

Marketing Construction 111

RISMedia

MAY 19, 2022

By Emma Surgis Scheduling a home inspection before buying your next property is an important first step that you should never overlook. This is because a home inspection can determine the condition of your potential purchase, identify potential problems for you, and help assess the property's value. If you are thinking of buying a home, […]. The post Reasons to Schedule an Inspection Before Buying a Home appeared first on RISMedia's Housecall.

Inspection 105

Inspection 105

Brownstoner

MAY 19, 2022

This romantic walled garden has evolved over the years, for reasons both intentional and unintentional. Landscape architect Kim Hoyt originally came in to radically reshape and rethink an overgrown urban jungle for previous owners. Though the space was long neglected, Hoyt knew there were pluses she'd be able to work… Read More > The post The Outsider: Structure, Perennials Enhance Romantic But Overgrown Brooklyn Heights Garden appeared first on Brownstoner.

Renovation 98

Renovation 98

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

Realty Biz

MAY 19, 2022

Interest rates have been rising so fast that many buyers who signed contracts to purchase new homes in the last year have been caught off-guard. Mortgage rates were at record lows of 3% or even less in some cases last year. Yet, a series of sudden increases have sent mortgage rates to 5.3% as of this week. The resulting increases mean that some buyers will see their monthly mortgage repayments go up by hundreds of dollars a month.

Fixed-rate mortgage 92

Fixed-rate mortgage Mortgages Closing Sales 92

Brownstoner

MAY 19, 2022

Bridge Rockaway, an unusual kind of mixed-use affordable housing development, is in the works in Brownsville, bringing 174 affordable apartments and nearly 40,0000 square feet of light manufacturing space to the neighborhood. The $118 million project, part of Governor Kathy Hochul’s plan for housing reform, will include 87 permanent supportive housing… Read More > The post Pols Kick Off Construction of Affordable Housing and Light Manufacturing Complex in Brownsville appeared first on

Construction 98

Construction Development 98

Realty Biz

MAY 19, 2022

Buying a home has long been considered a quintessential part of the American dream. Owning your own home can also be a valuable long-term investment. But making the transition from renter to homeowner involves more than saving enough money to put an offer on a house. It’s important to do your research and consider all factors before you hire movers. .

Purchase and sale agreement 91

Purchase and sale agreement VA loan Loans Principal 91

Brownstoner

MAY 19, 2022

In the News Mask Up in Indoor Public Settings, NYC Health Chief Urges [Eagle] Residents Demand Repairs at NYCHA’s Bushwick Houses in 'Burg [BK Paper] Advocates Urge Mayor to Fulfill Promise of Budget Increase for Parks [BK Reader] BRIC’s Celebrate Brooklyn! Has Bigger Shows and New Leadership [BK Magazine] Vacant Apartments Increase, But City's ‘Housing… Read More > The post Daily Links: Apartment Vacancy Rate Rises But Doesn’t Deep-Six Rent Stabilization appeared first on Browns

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98

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

Agent Fire

MAY 19, 2022

As in-person interactions increase, so do the safety risks for real estate agents. The following security technologies will keep real estate agents safe in the most common, high-risk scenarios on the job. The Security Technology Keeping Real Estate Agents Safe in 2022 is just one of many great real estate strategies on The Spark.

Technology 90

Technology Agents As-is 90

Brownstoner

MAY 19, 2022

When Jeff Haider from Excellent Contracting first saw 126 Pierrepont Street in Brooklyn Heights, the facade was in poor condition. "It had been resurfaced many years ago with a mismatched color," he said. The glaring difference was the stoop — the only one on the block with no traditional brownstone handrails… Read More > The post See a Brooklyn Heights Brownstone Restored With Historic Facade, Handrails and Stoop appeared first on Brownstoner.

Renovation 96

Renovation 96

BubbleInfo

MAY 19, 2022

There is rampant speculation that home prices must come down to compensate for higher rates. But there is another solution. Fewer sales. We learned a couple of lessons during the peak covid days: Sellers don’t have to sell – they can wait it out. When they do, the market can survive with fewer sales. Look […].

Sales 81

Sales Marketing 81

Sotheby's International Real Estate

MAY 19, 2022

Martin Wong’s Sunset Park Panoramic from 1985 is an undisputed masterpiece from one of the artist’s most significant bodies of work, The Sunset Park Paintings. This celebrated series, depicting the urban landscape of downtown Brooklyn, originated as a commission for Time Magazine’s Images ’85: Pictures of the Year issue. In this video, explore Martin Wong’s Sunset Park painting with the artist’s gallerist Barry Blinderman. ?.

As-is 81

As-is 81

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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.

Sales

Brownstoner

MAY 19, 2022

Another annual event is set to come back after a two-year hiatus: The return of the New York Transit Museum's nostalgia rides will allow straphangers to once again hop aboard vintage subway cars for trips during the summer. There are routes from Manhattan to the Bronx and Queens but the… Read More > The post Take an Excursion on a Vintage Subway Car With the Return of Summer Nostalgia Rides appeared first on Brownstoner.

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Realty Biz

MAY 19, 2022

This week our Top Rated Agents series focuses on Rocky Mount, North Carolina. Once again, we use a combination of agent ratings from sources like HomeLight and Zillow, along with such factors as SEO prominence, social media reach, and media coverage to rate professionals. It should be noted here, that in the development of our process using a single source to find the best agents became problematic.

Agents 80

Agents Branding Marketing As-is 80

RISMedia

MAY 19, 2022

By Emma Sturgis If you've been hit by a storm recently, you might be wondering, "What do I do to make sure my home doesn't get flooded again?" While there are plenty of ways to prevent the damage from happening again in the first place, we'll show you how to fix your storm-tossed home quickly. […]. The post How to Make Sure You Quickly Repair Storm Damage to Your Home appeared first on RISMedia's Housecall.

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Realty Biz

MAY 19, 2022

Real estate podcasting is a very underutilized marketing channel. But do you need it? The short answer is: maybe. Let me explain. Podcasting, unlike things people can see, requires exceptional talent, charm, and a voice – an authentic voice with a catchy timbre. And then, the script: what you say must resonate with your audience. You must entice and persuade your listeners with something they want to hear.

Investor 76

Investor Technology Property Management Design 76

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