Sat.Apr 23, 2022 - Fri.Apr 29, 2022

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A property tax reckoning is coming

Housing Wire

In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. “They were approved in December,” he said. “Now they’ve gone from $450,000 down to $325,000.”. The reason behind the change, he said, is not that they had a sudden reduction in income, or an emergency expense that drained their savings.

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Is It Enough To Offer Asking Price in Today’s Housing Market?

Keeping Current Matters

If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted.

Marketing 245
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Giving Agents What They Need to Succeed

RIS Media

Tomas Barrientos. Managing Broker. HomeSmart TuCasa Realty. Tulsa, Oklahoma. [link]. Region served: Oklahoma. Years in real estate: 17. Number of offices: 2. Number of agents: 59. How did you come to partner with HomeSmart, and how has that helped mold your brokerage? . During the pandemic, we tried to find a new way to present something fresh with technology that was simple enough that our agents would understand, while also offering 100% commission with a flat transaction-fee plan.

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Making a Splash: 5 Homes with Soothing Water Features

Sotheby's International Real Estate

Whether classical or colorfully modern, a fountain brings the serene sounds of water to any estate. Each of these five homes—from the Connecticut to California—uses a fountain to turn an outdoor area into an oasis that is both eye-catching and calming. California Meets Bali. Shelton Wilder, Sotheby’s International Realty – Brentwood Brokerage.

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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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The crypto-mortgage is the new kid on the block

Housing Wire

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints.

More Trending

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An AI To Find Your Tribe

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: LandOnEarth.]. Location, Location, Location. We hear it all the time in the real estate industry. Where a home is located is the most important factor in its value–both now and in the future. Each person’s personal value of a particular location is dependent on a variety of factors, such as age, interests and profession.

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How To Get Your House Ready To Sell Checklist: Inside And Out

HomeLight

When it comes to getting your house ready to sell, Maryland real estate agent Bob Lucido likens it to putting yourself on a dating site. “We want people to fall in love with the house and that starts from the outside, every component,” says Lucido. “First impressions make a ton of impact to a potential buyer, so what we do is critique the exterior thoroughly but don’t overdo it.”.

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Flagstar Bancorp cuts 20% of its mortgage staff

Housing Wire

Michigan-based Flagstar Bancorp , Inc. , parent company of Flagstar Bank , has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins. Overall, the bank’s net income in the first quarter of 2022 dropped 60.4% from the prior quarter, to $53 million.

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How Homeownership Can Help Shield You from Inflation

Keeping Current Matters

If you’re following along with the news today, you’ve likely heard about rising inflation.

Marketing 235
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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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Upcoming GEM Soirées — San Francisco and Chicago

GeekEstate

The fifth and sixth event in the GEM Soirée series are coming up. One next week in San Francisco on Cinco de Mayo, followed by an event in Chicago on May 19th. Each an evening to mingle and celebrate the industry’s progress with real estate tech founders, execs, VCs, and practitioners. San Francisco: A gathering at Modernist (a members’ club) on May 5th from 4:30 to 6:30.

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Reimagining the Pied-à-Terre: 5 Homes That Grant Access to New Worlds

Sotheby's International Real Estate

In a world of greater freedom and flexibility, primary residences have been redefined, along with workplaces and office spaces. So perhaps it’s time to reimagine the pied-à-terre and the possibilities it can hold. In the past, a pied-à-terre was generally a small, functional apartment that gave their owners a home base in the thick of the action—and that action was always happening in the center of the city, whether in the corner office by day or the restaurants and theaters by night.

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CrossCountry strikes a deal to acquire LendUs

Housing Wire

Ohio-based CrossCountry Mortgage has entered into an agreement to acquire California-based retail lender LendUs , multiple sources familiar with the deal told HousingWire. . Founded in 2003 by mortgage broker Ron Leonhardt, CrossCountry originated $52 billion in mortgages in 2021, up 22% year-over-year, checking in as the 17th biggest lender in the country, according to Inside Mortgage Finance.

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The Dream of Homeownership Is Worth the Effort

Keeping Current Matters

If you’re in the market to buy a home this season, stick with it.

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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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Proptech Job Opportunity: CTO for Condos.com

GeekEstate

We have a job opportunity to share from a member of the GEM, Condos.com, a new and pre-construction marketplace: CTO. The opportunity: Job Description – How Will You Make an Impact? Work with our CEO and leadership team to set the technical direction, strategy and execute our roadmap. Drive technical decisions to use modern technology to deliver the product to our customers quickly and efficiently.

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Luxury Real Estate Headlines: Final Week in April 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Okatie, South Carolina | Jack Huguley, Daniel Ravenel Sotheby’s International Realty . A sprawling southern estate on a private South Carolina island has come on the market for $10 million. Private Island Retreat in South Carolina Lists for $10 Million – Mansion Global.

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What a dip in mortgage demand says about the housing market

Housing Wire

Interest in residential mortgage loans fell 8.3% for the week ending April 22, including a sharp decline in purchase applications, which indicates a potential weakness in home sales in the coming months, according to the Mortgage Bankers Association ‘s (MBA) latest survey. Mortgage rates are now firmly above the 5% mark , at the highest level since 2009, depressing both purchase and refinance applications.

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Builders’ Profit Margins Fall as Balance Sheets Grow

Eye on Housing

The financial performance of any company is directly linked to the industry environment in which it operates. Factors such as the number and size of its competitors, barriers to enter or exit, capital requirements, economies of scale, or the bargaining power of customers and suppliers all play a role in the potential profitability of a company. Given this reality, one.

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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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Mortgage and refinance rates today, April 23, and rate forecast for next week

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates just inched higher yesterday. But they rose appreciably over the whole week. And Freddie Mac reported on Thursday that these rates have […].

Mortgages 110
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20 Moving Tips For a Smooth Relocation

HomeLight

When you’re selling a house, finding a buyer means you can start thinking about the next big step: actually moving. This includes packing up your stuff, booking a trustworthy mover, and getting everything to your new home. With houses on the market for an average of 18 days as of February 2022 (according to statistics from the National Association of Realtors®), you don’t have much time to sell , pack up the house, and go.

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Opinion: the beginning of the mortgage ice age

Housing Wire

Planet Earth has has gone from a ball of molten rock to ice, and then, to the climate we have today. Just like Earth, mortgage rates and housing markets are cyclic and we’re heading into another Ice Age. Find me a sales meeting in the U.S. that didn’t talk about the cycle. There is a broker in charge talking about the spring buying season and an elder mortgage sales manager talking about some interest-only (IO) loan or ARM from 1990 that was 8%.

Mortgages 370
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Housing Share of GDP Edges Higher at Start of 2022

Eye on Housing

Housing’s share of the economy edged higher at the start of 2022 due in part to a surprise drop in growth. For the first quarter of 2022, overall GDP growth declined at a 1.4% annual rate, driven by increased inventories and a jump in imports. Housing’s share of GDP increased to 16.7%, somewhat off a 14-year high of 17.8% during.

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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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How to Know if Someone Died in a House

Maximum Exposure Real Estate

Tips For Finding Out if Someone Died in a House Searching for your ideal home can take time. Even when you think you’ve discovered the right house, it can be hiding secrets. The older the home is, the more likely something has happened inside that could affect whether you want to buy or not. Many […]. The post How to Know if Someone Died in a House appeared first on Maximum Real Estate Exposure.

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Homeowners Should Have Some “Fear of Missing Out” on This Market

Lighter Side of Real Estate

If you’ve been thinking about selling and hesitating or simply waiting, you may want to start thinking about how you’ll feel if you miss out on the best time to sell your house in a long time. You never know when (or if) conditions will be like this in the real estate market again. It’s been a sellers’ market for quite some time now, and with rates going up significantly and home prices still historically high, there’s a lot of chatter about whether or not there’s a real estate “bubble” that’s a

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Rocket offers voluntary buyouts to 8% of workforce

Housing Wire

Rocket Companies CEO Jay Farner. Even the biggest mortgage players aren’t immune to the effects of higher rates and tight housing inventory. Rocket Companies , the parent of Rocket Mortgage and Amrock Title , said late Monday that it would be offering buyouts to 8% of its staff at its mortgage operations and title teams. The company has roughly 26,000 employees , spread across its headquarters in Detroit and in Cleveland.

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Homeownership Rate Stable at 65.4%

Eye on Housing

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.4% in the first quarter of 2022, which is statistically unchanged from the last quarter reading. The national homeowner vacancy rate slipped to a record low of 0.8%, while the rental vacancy rate increased to 5.8%. The covid-induced data collection restrictions have ended in all areas as.

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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.