November, 2023

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The Pros and Cons of Virtual Staging in Real Estate

RIS Media

In the world of real estate, first impressions are crucial. Making a property look its best can mean the difference between a quick sale and a property sitting on the market for months. Virtual home staging is one innovative tool that has emerged to help real estate professionals in this endeavor. Using computer-generated imagery, this… The post The Pros and Cons of Virtual Staging in Real Estate appeared first on RISMedia.

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FHFA conforming loan limits increase to $766,550 in 2024

Housing Wire

The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% compared to the current limit of $726,200 , the Federal Housing Finance Agency (FHFA) announced Tuesday. Conforming loan limits are increasing at a slower pace, mirroring home prices, overall. That’s because the FHFA’s conforming loan limit increase is based on a formula related to home-price data in the third quarter of each year.

Loans 531
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Reasons To Sell Your House Before the New Year

Keeping Current Matters

As the year winds down, you may have decided it's time to make a move and put your house on the market.

Marketing 305
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Nation’s biggest title insurer hit by ransomware attack, reports say

Inman

Fidelity National Financial acknowledges that a "cybersecurity incident" disrupted the provision of title and escrow services and other technology and mortgage services.

Title 210
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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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Hack at nation’s largest title company stalls closings

Real Estate News

Fidelity National Financial, parent company of Chicago Title and more, is blocking access to title and escrow services while it investigates a security breach.

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11 Tips to Have The Best Home Building Experience

RIS Media

Building a new home is a significant milestone in anyone’s life, and the process can be both exhilarating and challenging. Whether considering existing new construction or contemplating creating a custom home, careful planning and informed decision-making are essential for a seamless home-buying experience. This comprehensive guide will explore critical tips to ensure you have the… The post 11 Tips to Have The Best Home Building Experience appeared first on RISMedia.

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Mr. Cooper hit with consumer class-action lawsuits over cyberattack 

Housing Wire

Mr. Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. On Oct. 31, the Dallas-based servicer and lender said it had experienced a cybersecurity incident with an unauthorized third party accessing certain portions of its technology systems and customer data.

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Lawler: New Census Long-Term Population Projections Are MASSIVELY Lower Than Previous Projections

Calculated Risk Real Estate

From housing economist Tom Lawler: Last Friday Census released new long-term projections of the US resident population, this time going out to 2100. The last time Census released long-term population projections was in 2017 (going out to 2060), and the 2023 projections for the “middle” scenario are massively lower than the 2017 projections.

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Big drop in mortgage rates as unemployment hints at recession

Inman

After breaching 8 percent in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring.

Mortgages 203
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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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WA adopts new rules to phase out fossil fuels in new construction

Seattle Times Real Estate

Under new the new codes adopted Tuesday, builders would need to match the energy efficiency of heat pumps in order to install gas in new buildings.

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Woman Who Claimed Abandoned East New York House Fights Investors for Possession

Brownstoner

Ten years ago Sybil Green, who goes by the name Tami, was biking down a stretch of Jackie Robinson Parkway's residential frontage road, which connects Vermont Street in East New York with Highland Park, when she noticed a house that looked in disrepair, with a door ajar and a bright… Read More > The post Woman Who Claimed Abandoned East New York House Fights Investors for Possession appeared first on Brownstoner.

Investor 133
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Should a Buyer Consider a House on a Corner Lot? A Look at the Upside and Downside

RIS Media

Choosing a new home is an exciting and significant decision in one’s life. One of the many choices you’ll encounter when searching for the perfect home is whether to buy a house on a corner lot. Corner lots are unique in many ways, offering various advantages and disadvantages. Examining the pros and cons of corner… The post Should a Buyer Consider a House on a Corner Lot?

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What will lower mortgage rates do to spring housing inventory?

Housing Wire

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. Higher mortgage rates did push inventory higher during the seasonal period when it would normally be declining. However, seasonality tends to rule the day eventually.

Mortgages 534
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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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The Future of Luxury Living: Smart Home Technology

Realty Biz

When it comes to high-end living, smart home technology is not just a trend; it’s revolutionizing the way we experience comfort and convenience. And every luxury home should take advantage of smart home technology. The innovations are impressive, from automated lighting systems that adjust based on natural sunlight to voice-activated assistants that can control various aspects of your home.

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3 essential tips for estate planning with real estate

Inman

Estate planning is of prime importance for homeowners and their heirs. Properties are among the largest and most complex assets to be distributed — particularly when they’re luxury homes worth millions of dollars.

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Molbak’s says it’s being cut out of Woodinville redevelopment project

Seattle Times Real Estate

Molbak's, the 67-year-old Woodinville garden center, says it's been suddenly cut out of a massive redevelopment project in the Seattle suburb's downtown.

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Nonpermitted Work: What You Need to Know When Buying or Selling a House

Maximum Exposure Real Estate

What is Unpermitted Work? Are you buying or selling a home with unpermitted work? If so, you are not alone. Many homeowners skip the process of pulling building permits. Unpermitted work is construction on a home that does not carry the necessary permits to make it legal per local ordinances. Additions to homes and finished […] The post Nonpermitted Work: What You Need to Know When Buying or Selling a House appeared first on Maximum Real Estate Exposure.

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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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Living in The Suburbs vs. The City: The Pros and Cons of Each

RIS Media

When choosing a place to call home, one of the most fundamental decisions is whether to reside in the suburbs or the city. Both settings offer distinct lifestyles and advantages, catering to various preferences and needs. To make an informed decision, it’s essential to understand what suburban areas are, what the suburbs entail, and what… The post Living in The Suburbs vs.

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13 video marketing best practices for your real estate business

Housing Wire

When it comes to marketing your real estate business, video is king. Global statistics from 2023 show that people watch videos an average of 100 minutes a day, with millennials — the largest share of homebuyers in the U.S. — spending 10 to 20 hours a week watching videos. From short Instagram reels to longer videos on YouTube , video is here to stay.

Marketing 528
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How to Find Houses to Flip

Bigger Pockets

Some houses are primed to be flipped, while others are best left to another buyer. Knowing how to find houses to flip is critical to your success as a real estate investor. Here, you’ll learn how to adjust your approach to ensure yourself of finding (and buying) houses that can be flipped for a profit.

Investor 124
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Inman reveals winners of inaugural Best of Proptech awards for 2023

Inman

In recognition of the entrepreneurs, venture capitalists and visionaries pushing real estate forward, the "Best of Proptech" honors cap the yearlong expansion of Inman's awards program.

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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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Tenant moves out of Brentwood Airbnb after 570 rent-free days. She said she had a right to stay

Seattle Times Real Estate

The woman who refused to pay rent while at a Los Angeles Airbnb for 570 days was recently escorted off the property by police. She's locked out but the legal fight may drag on.

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Luxury Real Estate Headlines: Third Week in November, 2023

Sotheby's International Real Estate

Los Angeles, California | Sotheby’s International Realty – Los Feliz Brokerage A recent renovation has preserved the grand estate’s historic, Old Hollywood character. ‘Frankenstein’ Director James Whale’s 1930s Los Angeles Home Selling for $7.245M – Mansion Global This Portland Home Is One of Just Two Residences in Oregon Designed by Richard Neutra – Robb Report Curving California Compound Asks for $4.595M – The Spaces Diane Sawyer’s Estate On Martha’s Vineyard Sells For

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Op-Ed: Agent Commissions’ Possible New World: A Step Backward for Fair Housing

RIS Media

The United States real estate market is actually the envy of the world. The U.S. boasts the world’s most orderly, efficient and equitable housing market—and many other countries are attempting to emulate it. Our system’s efficiency is driven in large part by agents and brokers competing aggressively, while also sharing their listing information with each… The post Op-Ed: Agent Commissions’ Possible New World: A Step Backward for Fair Housing appeared first on RISMedia.

Agents 140
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Mortgage rates fall to levels not seen since September

Housing Wire

Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% for the first time since September, according to new data from Freddie Mac. The 30-year, fixed mortgage rate averaged 7.22% for the week ending Nov. 30, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.29% and up from 6.49% the same week a year ago.

Mortgages 506
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

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.