Housing Wire

JUNE 27, 2022

The national mortgage delinquency dropped to an all-time low in May, continuing two consecutive months of a decline since March. The overall delinquency rate slightly dropped five basis points from April to 2.75% in May, according to Black Knight. The delinquency rate is 42% lower than the same period a year ago. A total of 1.46 million properties were in early-stage delinquencies, defined as borrowers who missed a single mortgage payment, which is a slight increase of 0.2% from April due to typ

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Mortgages Renovation Loans Staging 528

Keeping Current Matters

JUNE 21, 2022

If you own a home, your net worth likely just got a big boost thanks to rising home equity.

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Equity Marketing 254

Lighter Side of Real Estate

JUNE 15, 2022

Most people don’t buy their “forever house” right out of the gate. It’s hard to afford a home that has the size and amenities you want on your first (or even second) purchase. So most people start out with something a little smaller, needing some work, or not in their ideal location. The plan is usually to spend a few years in it, then sell it to buy a bigger, better home in your ideal neighborhood once you’ve built up some equity.

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Equity New Construction Agents Construction 145

Eye on Housing

JUNE 13, 2022

NAHB analysis of Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics shows that during the first year after closing on a home sale, home buyers tend to spend considerably more money on furnishings, appliances and remodeling compared to non-moving owners. Buyers of new homes spend most, spending four times as much as non-moving owners and twice as.

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Closing Sales 145

Advertiser: Trellis

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.

Loans

Real Trends

JUNE 9, 2022

The number of active listings was up 13% year over year for the week ending June 4, according to a report from Realtor.com. Despite the double-digit increase, active inventory remains nearly 50% below the inventory level at the start of the COVID-19 pandemic and down 13% on a year-to-date basis. New listings also were up during the week ending June 4, rising 2% compared to a year ago, but they are down 1% on a year-to-date basis.

Mortgages 145

Mortgages Marketing Closing As-is 145

Housing Wire

JUNE 30, 2022

Less than a week after laying off hundreds of workers and refusing new mortgage applications, First Guaranty Mortgage Corp. (FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection late Wednesday. . “While we have made considerable efforts to address our ongoing financial challenges related to the state of the mortgage market, we ultimately must do what is best for our borrowers and consumers,” Aaron Samples, chief executive officer of FGMC, said in a

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Bankruptcy Fixed-rate mortgage Mortgages Loans 545

The Close

JUNE 3, 2022

One of the many marketing strategies that new listing agents struggle with, home staging is probably the most challenging. Hiring a professional stager is expensive, and DIY staging is something of a mystery for most new listing agents. In order to demystify the process, we worked with top-producing listing agents, including our friends at Ryan Serhant’s luxury brokerage SERHANT., to get the best home staging tips for 2022.

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Agents Staging Sales Brokerage 142

Sotheby's International Real Estate

JUNE 4, 2022

Few things transform an everyday interior space like carefully chosen paint hues. These plucky residences—from Palm Beach to Pasadena—catch the eye with their vivid, often unexpected doses of color. Upper East Side Elegance. New York, New York | Louise C. Beit, Sotheby’s International Realty – East Side Manhattan Brokerage. Constructed in 1870, this elegant six-story, six-bedroom townhouse on a lovely Upper East Side street is luxuriously scaled and detailed.

Brokerage 135

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Eye on Housing

JUNE 6, 2022

Using the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics (BLS), NAHB Economics estimates that a home purchase triggers significant spending on appliances, furnishings, and remodeling. NAHB’s most recent estimates are based on the pre-pandemic 2017-2019 data and show that during the first year after closing on the house, a typical buyer of a newly-built single-family detached.

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Closing 139

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Sales

Real Trends

JUNE 21, 2022

As markets across the country have cooled thanks to rising mortgage rates and higher home prices, existing home sales fell in May for the fourth consecutive month. The seasonally adjusted sales rate for existing homes fell 3.4% to 5.41 million from April , according to a report from the National Association of Realtors released Tuesday. The sales pace is down 8.6% compared to a year ago. “Home sales have essentially returned to the levels seen in 2019 — prior to the pandemic — after two ye

Sales 141

Sales Mortgages Investor Marketing 141

Brownstoner

JUNE 7, 2022

The 122-plus-year-old Jacob Dangler mansion at 441 Willoughby Avenue was calendared by the Landmarks Preservation Commission in a last-minute, surprise move today that could prove a huge victory for local residents and preservationists who have been fighting to save the building from a pending demolition. The vote by the LPC came… Read More > The post In Surprise Move, Landmarks Saves Beloved Bed Stuy Mansion From Imminent Demise appeared first on Brownstoner.

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Development 133

Housing Wire

JUNE 16, 2022

I’m raising my fifth recession red flag today based on the Census Bureau ‘s May housing starts data. Housing starts showed a miss on the estimate but positive revisions. Housing starts came in at 1.549 million and housing permits came in at 1.695 million. Housing completion data did grow to 1.465 million and more of the backlogged homes are finished.

Mortgages 545

Mortgages Sales Marketing Construction 545

The Close

JUNE 1, 2022

We collected the best real estate agent tips from hundreds of top-producing agents and coaches that we’ve worked with over the years. We’ve included links to 17 in-depth articles to help you learn more about each of these real estate agent tips from Rolls Royce driving, private jet flying, all-around real estate ballers. Believe it or not, we’re living in the golden age of self-made millionaires.

Agents 141

Agents Brokerage Branding Closing 141

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.

Agents

Realty Biz

JUNE 15, 2022

Things to Find Out Before Purchasing Land. Performing due diligence is vital when purchasing a home. It is even more crucial when buying a building lot. Buying land can be an exciting and profitable investment. However, it is important to ask questions and get advice before making a purchase. Real Estate agents are asked important questions all the time as it pertains to land.

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Land Purchase and sale agreement Due diligence Mortgages 127

Eye on Housing

JUNE 14, 2022

The prices of goods used in residential construction climbed 1.8% in May (not seasonally adjusted) and have increased 19.4%, year-over-year, according to the latest Producer Price Index (PPI) report. Prices have surged 40.4% since January 2020. Building materials (i.e., goods inputs to residential construction, less energy) prices have increased 5.4%, year-to-date, and are 36.3% higher than they were in May.

Construction 129

Construction Residential 129

Real Trends

JUNE 14, 2022

It wasn’t so long ago that the housing market was characterized by YOLO, FOMO and 200-person deep lines at open houses. But a gradual slowdown that culminated in seismic shocks to the economy over the past week has changed the game for real estate agents and their clients. By the close of business on Monday, the stock market officially entered bear territory , with the Dow Jones falling 876 points on the fears of inflation and the Fed’s upcoming rate hike , rumored to be 75 basis poi

Agents 138

Agents Marketing Investor Sales 138

Brownstoner

JUNE 28, 2022

A Brooklyn Housing Court judge removed the owner of 567 St. John's Place in Crown Heights from managing the eight-unit building after he failed to address hundreds of safety violations and complaints and allegedly harassed and intimidated tenants, according to tenants group Crown Heights Tenants Union. Renters in the building have… Read More > The post Court Grants Tenants’ Calls for Takeover From Crown Heights ‘Slumlord’ appeared first on Brownstoner.

Marketing 132

Marketing 132

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.

Agents

Housing Wire

JUNE 8, 2022

We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. .

Mortgages 545

Mortgages Sales Marketing Closing 545

Notorious ROB

JUNE 11, 2022

From my friend Kevin Oakley, I see this news on Twitter: Kevin Oakley on Twitter: “[link] @AliWolfEcon @robhahn / Twitter” [link] @AliWolfEcon @robhahn. The linked article is a longtime mortgage broker Louis Barnes sounding the alarm : During the last forty-four years, my days have begun and ended with the mortgage market. Four painful moments stand out.

Mortgages 126

Mortgages Fixed-rate mortgage Investor Loans 126

Sotheby's International Real Estate

JUNE 18, 2022

Author Claudia Roden’s assertion that “everything tastes better outdoors” is certainly true at these four homes, where meals come with a side of fresh air and vistas of sparkling city lights or starry nighttime skies. Relaxing Retreat. Friendswood, Texas | Geri Mills, Martha Turner Sotheby’s International Realty. This four-bedroom home in peaceful Friendswood, Texas—just on the outskirts of Houston—deftly combines charm and elegance.

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Eye on Housing

JUNE 9, 2022

The median age of owner-occupied homes is 39 years, according to the latest data from the 2019 American Community Survey. Compared to a median age of 31 years in 2005, the U.S. owner-occupied housing stock is aging gradually. The residential construction continues to fall behind in the number of new homes built especially after the Great Recession. This aging housing.

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Residential Construction 123

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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.

Agents

Real Trends

JUNE 6, 2022

The real estate industry was responsible for $3.9 billion, or nearly 17%, of the national GDP in 2021, according to a study published by the National Association of Realtors on Thursday. According to estimates from NAR , nationwide, each home sale at the median generated roughly $113,000 of economic impact in 2021. Commissions, fees, moving expenses, and other income to real estate industries was responsible for an estimated $31,742 of the total impact, with the rest comprised of $5,000 from exp

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Industrial Agents Sales Construction 136

Realty Biz

JUNE 13, 2022

Technology allows us to take new approaches to old problems, and these approaches are faster, easier, and yield better results. This is as true in the real estate industry as any other – in a realm where buying and selling homes used to require lots of hard work, innovations like the internet, artificial intelligence , and mobile computing have made the process much less strenuous than it was in the past. .

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Agents Mortgages Sales Technology 121

Housing Wire

JUNE 21, 2022

The housing nightmare continues. The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 million , down 3.4% from the previous month and 8.6% from last year. But, the savagely unhealthy data line was that home prices are up 14.8%. Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, has

Mortgages 540

Mortgages Purchase and sale agreement Marketing Sales 540

GeekEstate

JUNE 26, 2022

In this week’s founder interview, we interviewed Cyril Berdugo from Landis. Without further ado…. Who are you and what do you do? I’m the co-founder and CEO at Landis, a social impact-driven company with a mission to guide renters on their unique path to homeownership. We want to make the journey to owning a home more accessible, transparent and empowering.

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Debt-to-income ratio Mortgages Loan Officer Agents 120

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.

Sales