September, 2022

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Federal judge rules in favor of FHFA on net worth sweeps

Housing Wire

The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac , has been granted summary judgment on the last remaining claim by investors in a lawsuit alleging the government overstepped its authority when it adjusted its stock-purchase agreements with the agencies and allowed net worth sweeps. The plaintiffs, Fairholme Funds Inc., et al., are private-sector investors in Fannie Mae and Freddie Mac, which have been in conservatorship under FHFA oversight since the 2008 fin

Investor 545
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The best week to buy a home is coming up

Real Trends

It is general knowledge that spring time is home selling season , but the best time to buy a house can change from year to year. According to a report from Realtor.com published Wednesday, in 2022, the best week to buy a house is from September 25 to October 1. Many in the industry view fall as “off season” for the housing market, which offers opportunistic buyers many favorable factors including more listing, less competition, and lower prices.

As-is 144
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The 29 Best Curb Appeal Ideas for Every Budget (Yes, Even Yours!)

The Close

Despite what you might think, improving a home’s curb appeal doesn’t have to cost a fortune. Check out these curb appeal ideas that successful real estate agents use to make their listings look great and sell faster on a budget. So rest assured: No matter what your budget is, there are ways to make your listing shine. To help you boost your listing’s curb appeal, we worked with top-producing listing agents from Douglas Elliman and Ryan Serhant’s new brokerage SERHANT. to come up with the 29 best

Staging 128
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Be Your Own Builder: The Cheapest Way to Build a House

HomeLight

You’ve heard the stories about people who’ve bucked the system when it comes to homebuying, striking out and building their home themselves at a huge savings. Considering the ever-rising costs of existing homes and the lack of affordable housing in many areas, building new can seem very appealing. But you also have to wonder how sustainable the idea really is.

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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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NAR’s goal to leave the planet better than how we found it

The American Genius for Real Estate

NAR's Code of Ethics emphasizes that "Under All is the Land," and being good stewards of this land is now critical.

Land 119
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How Much Does a Tiny House Cost?

Maximum Exposure Real Estate

If you like the idea of minimalist living or want to downsize, tiny homes can seem very appealing. The tiny house cost is another advantage if you want to save money. But how much are tiny houses, and is this type of property within your budget? Pricing for tiny homes will undoubtedly be much less […]. The post How Much Does a Tiny House Cost?

Marketing 106

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Fed Hike and Mortgage Rates

BubbleInfo

The Fed raises their rate by 0.75%, and what happens? That’s right, the conforming 30-year fixed rate went down this afternoon. Chairman Powell said again that intends to cause a reset in the real estate market, but our rates really shouldn’t go up much the rest of the year because at least 1% is already […].

Mortgages 105
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The risk of zero-down loans while the Fed talks recession

Housing Wire

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. People’s first reaction was to wonder if this was 2008 all over again. Are we really doing those types of loans and promoting homeownership again without understanding the risks?

Loans 544
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Converting the Garage

GeekEstate

[Editor’s note: Originally published in the GEM as a Weekly Radar entry.]. SYMBiHOM is a company in the Bay area that designs prefabricated garage to ADU conversionprefab kits that take less than 4 weeks to install. Based on the garage dimensions, ADUs can be a studio, 1-bedroom, or 2-bedroom living unit with a full bathroom and kitchen. The solution increases workforce housing, homeowner income, multifamily living and aging in place with income.

Design 145
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Surprise! Google searches for “sell my house” explode

Real Trends

It looks like inventory is about to get a boost. An analysis of Google search data reveals that searches for ‘sell my house’ exploded 147% in the United States as of July 2022 — the highest level in internet history for America, according to luxury real estate platform RubyHome. This comes as Americans face rising property and rent costs, with fears of a recession looming.

Mortgages 145
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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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More Women Working in Construction in 2021

Eye on Housing

The number of women employed in the construction industry increased to over 1.24 million in 2021, as the construction industry was quickly recovering jobs lost earlier during the pandemic induced recession. Currently, women make up 11% of the construction workforce, up from 9.3% in 2002. As the construction skilled labor shortage remains a key challenge for housing, adding new workers.

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5 Simple Ideas for Fall Home Makeovers

Coldwell Banker

Deck out your home for fall with these five easy, creative ways to infuse fall colors and textures into your décor. The post 5 Simple Ideas for Fall Home Makeovers appeared first on Coldwell Banker Blue Matter.

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How to Integrate Your Real Estate PR Into Your Social Media Strategy

Realty Biz

A massive 99% of millennials and 90% of baby boomers start their search for property online. Nearly half of the real estate businesses say that results from social media give the highest quality leads compared to other sources. With statistics like that, it would be silly to ignore real estate PR. There are many perks to getting your business onto social media.

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Are we seeing a mortgage rate lockdown?

Housing Wire

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. This is something I’ve never believed in because we hadn’t had a period where mortgage rates moved up so quickly and then held higher for an extended period.

Mortgages 520
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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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Meet The Real Estate Tech Entrepreneur: Dalip Jaggi from Revive

GeekEstate

In this week’s founder interview, we’re bringing you Dalip Jaggi from Revive. Without further ado…. Who are you and what do you do? Hey, I’m Dalip! I’m the co-founder of Revive Real Estate – a real estate solutions company that is focused on ways to help homeowners maximize the value of their home equity. This is really just a fancy way of saying, I like to help homeowners be smart in their real estate decisions so that they can build better futures for themselves and the

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11 Awesome Halloween Real Estate Marketing Ideas for 2022 ? (+Templates)

The Close

We at The Close love Halloween! Not only is it the kickoff to the fall season with cooler weather and all things pumpkin spice, but it’s also that time of year to dress in costume, enjoy bite-sized candies, and stir up some screams with Halloween real estate marketing ideas. Fall is typically a great time to focus on a few marketing strategies to refill your pipeline after the busy summer rush.

Marketing 119
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7 YouTube channels real estate agents should be watching

Real Trends

Making it big in the real estate industry today means taking advantage of every tool available and with millennials and Gen-Z driving demand in the housing market, social media can’t be forsaken. YouTube is one of the many platforms that Realtors can benefit big from, but how do you turn your viewing audience into actual business? The industry professionals below are not only doling out advice on marketing yourself as a Realtor, they’re leading by example with YouTube channels that leave viewers

Agents 119
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Halloween Home Safety Tips

Coldwell Banker

Tips on how to make sure kids are safe and sound when trick-or-treating at your home this Halloween. The post Halloween Home Safety Tips appeared first on Coldwell Banker Blue Matter.

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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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7% Is Here

BubbleInfo

Hat tip to Garry and Rob Dawg who predicted that we’d hit 7% this year, for the first time in over 20 years! It was in April, 2002 that rates were over 7%, back when the NSDCC median sales price was $635,000. This month it’s $2,075,000! Rates have never doubled this quickly, and the increase […].

Sales 118
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Freedom Mortgage conducts layoffs, sends jobs overseas: sources

Housing Wire

Top 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees tell HousingWire. In response to falling origination volume, the New Jersey-based mortgage company has conducted at least four rounds of layoffs this year – in March, May and August, multiple sources told HousingWire.

Mortgages 504
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iOi Pitch Battle Participants Announced

GeekEstate

The industry will convene in Los Angeles for iOi , the two-day conference on September 28th and 29th (next week!!), at the JW Marriot L.A. Live. NAR’s venture capital arm, Second Century Ventures , will present the Pitch Battle competition. Each entrant will conduct a live, 4-minute pitch on their product or service, followed by a 4-minute rapid-fire question-and-answer session from a panel of judges.

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Gypsum Products, Transformers, and Concrete Prices Post Historic 12-Month Increases

Eye on Housing

The prices of building materials rose 0.5% in August (not seasonally adjusted) even as softwood lumber prices decreased 5.2%, according to the latest Producer Price Index (PPI) report. Building materials prices have climbed 4.9% through the first eight months of 2022 and 14.3% over the past year. The PPI for goods inputs to residential construction, including energy, decreased 0.9% in.

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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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A Home Inspector Marketplace

GeekEstate Agents & Brokers

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Inspectify]. Many lenders won’t offer financing on a home without a satisfactory home inspection, so it’s important for real estate professionals and homeowners to find the right home inspector. . Enter Inspectify: A YC-backed managed marketplace streamlining the home inspection booking process for homeowners, real estate agents, brokerages, and investors by aggregating vet

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Where do the six sharks on ‘Shark Tank’ live?

Fancy Pants Homes

When it comes to brilliant business ideas, the ‘sharks’ of Shark Tank know what it takes. And if it’s deemed worthy of investment, the sharks will take a bite. Premiering in 2009, the popular reality television series showcases entrepreneurs giving a product pitch to a panel of six investors (a.k.a. sharks) who decide if it’s worthwhile.

Banks 115
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The Evolution of Real Estate Technology

Realty Biz

Many are aware that the real estate industry boomed in 2021. While there are many reasons as to why that is, technology in real estate certainly played a major part. Real estate technology has come a long way in a short time. It wasn’t long ago that real estate professionals used fax machines and landlines to communicate with clients, and real estate transactions were handled with paper contracts.

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House passes bill to modernize VA appraisals

Housing Wire

The U.S. House of Representatives this week passed a bill that streamlines the appraisal process for U.S. Department of Veterans Affairs mortgage loans. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether.

HR 496
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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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A GEM/Proptech Soiree in the OC, co-hosted with Greg Robertson

GeekEstate

iOi is September 28th and 29th in downtown Los Angeles ( grab your discounted ticket here ). The evening before, in a special collaboration with the one and only Greg Robertson , the seventh GEM Soirée is taking place in Orange Country. Join us for cocktails and conversation to kick off the week of iOi! Mingle and enjoy time with real estate tech founders, execs, VCs, and practitioners.

Closing 117
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Tile Trends: 4 Homes with Unique Tilework

Sotheby's International Real Estate

Few things can transform a bath like a dazzling display of tile. Featuring striking details and vibrant hues, the tile in these four unique baths—in homes from the Northeast to the Southwest—are sure to make a splash. Lincoln Park Luxury. Serena Boardman | Sotheby’s International Realty – East Side Manhattan Brokerage. High above Manhattan, this chic condominium home in one of the city’s most sought-after residential buildings has been renovated with impeccable attention to detail.

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Growth of Household Real Estate Market Value Slows in Q2

Eye on Housing

The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the second quarter of 2022, growth of the market value of all owner-occupied real estate in the United States slowed after showed the largest year-over-year percentage gain since 2001 the prior quarter. The market value of owner-occupied real.

Marketing 113
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The wonderfully witchy Hocus Pocus Houses & filming locations for the new movie

Fancy Pants Homes

Abracadabra and bibbidi-bobbidi- boo, the Sanderson sisters are coming back to entertain me and you. Starring Kathy Najimy, Bette Midler and Sarah Jessica Parker , Hocus Pocus 2 is hitting Disney+ this fall, nearly three decades after the first one was released. The much-anticipated sequel to the popular 1993 film has us eagerly embracing our inner witch vibes.

Staging 111
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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.