Keeping Current Matters

APRIL 13, 2022

There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American.

Mortgages 227

Mortgages Marketing 227

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. “I had not done first mortgage lending before, but I was familiar with the basics of rea

Mortgages 522

Mortgages Marketing Lending Loans 522

The Close

APRIL 13, 2022

While it seems like every Realtor is making real estate videos these days, most shouldn’t even bother. Why? They don’t focus on why they’re making videos in the first place— to generate and nurture leads! That’s why I decided to work with agents from around the country to highlight 21 examples of real estate videos top agents are making that actually fill their customer relationship manager (CRM) with leads.

Agents 106

Agents Title Branding Closing costs 106

Eye on Housing

APRIL 13, 2022

According to the latest Producer Price Index (PPI) report released today by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 1.4% in March, following an upwardly revised increase of 2.2% in February and 4.1% in January. This adds up to an 8% jump in building materials prices since the start.

Construction 135

Construction Residential 135

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Agents

Keeping Current Matters

APRIL 14, 2022

If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes.

Marketing 249

Marketing 249

Housing Wire

APRIL 13, 2022

Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark. Refinance applications fell 5% from the prior week and 62% from the same week a year ago, according to the Mortgage Bankers Association ‘s weekly survey. “Mortgage rates have spiked more than 1.5 percentage points thus far in 2022,” Mike Fratantoni, MBA’s senior vice president and chief economist, said in a statement.

Mortgages 504

Mortgages Residential Sales Loans 504

Sotheby's International Real Estate

APRIL 12, 2022

Heralded since the early 20th century as a tropical paradise, Palm Beach has long been a destination for luxurious coastal living with a singular architectural style—clear Mediterranean inspiration and a dedication to patios, loggias, lawns, and balconies that link interiors with surroundings. Many of the hallmarks of an iconic Palm Beach haven are on full display at this 1930 estate, including a barrel-tile roof, balconies and stairways with decorative iron railings, sunset-hued stonework, Old

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Keeping Current Matters

APRIL 12, 2022

With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever.

As-is 235

As-is Marketing 235

Housing Wire

APRIL 14, 2022

The 5% threshold has been crossed, and given all the headwinds in the U.S. economy, it doesn’t appear that mortgage rates will be dropping below that mark anytime soon. Purchase mortgages this week averaged 5%, up 28 basis points from 4.72% a week ago , according to the latest Freddie Mac PMMS. A year ago at this time, rates were at 3.13%. The GSE’s index accounts for just purchase mortgages reported by lenders over the past three days. “This week mortgage rates averaged 5% for the f

Mortgages 421

Mortgages Fixed-rate mortgage Banks Equity 421

Real Trends

APRIL 14, 2022

Home buyers looking for a home in 2022 will have to look for properties that are roughly $40,000 cheaper, according to a report released by the National Association of Realtors on Wednesday. According to NAR, rising inflation is to blame for the smaller home buying budgets. In March, inflation accelerated to 8.5% , the strongest pace of inflation in 40 years.

Mortgages 122

Mortgages Sales As-is Agents 122

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

HomeLight

APRIL 13, 2022

Since the pandemic, everyone’s looking at outdoor living spaces through a new, more appreciative lens. Taking things outside helped us survive the worst COVID waves, and the habit isn’t going anywhere. If the weather cooperates, why not work, host the party, or enjoy a meal in the fresh air? “It’s really important to maximize your outdoor space. People want higher quality furniture and higher quality design,” says Kiel Wuellner , vice president of design for Los Angeles-based Vesta, which specia

Staging 120

Staging Design Agents As-is 120

Keeping Current Matters

APRIL 11, 2022

If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses.

Marketing 227

Marketing 227

Housing Wire

APRIL 12, 2022

Mortgage delinquency rates in January reached a 23-year low, driven by the skyrocketing housing prices and a strong job market. About 3.3% of mortgages were delinquent by at least 30 days or more including foreclosure in January, according to a new CoreLogic loan performance insights report. The figure dropped 2.3 percentage points from 5.6% in January 2021 in the lowest delinquency rate since at least 1999. “The large rise in home prices — up 19% in January from one year earlier, accordin

Mortgages 408

Mortgages Loans Equity Sales 408

Brownstoner

APRIL 13, 2022

Spend a week exploring and supporting the independent bookstores of the borough with the return of the Brooklyn Bookstore Crawl. On hiatus during the pandemic, the event is back as a lead-up to the annual Independent Bookstore Day. More than 20 bookstores are participating in the event, which runs from April… Read More > The post Get Ready to Snap Up Some Books With the Return of the Brooklyn Bookstore Crawl appeared first on Brownstoner.

As-is 119

As-is 119

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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

Sotheby's International Real Estate

APRIL 9, 2022

With environmentally responsible elements and the ability to manage entertainment, lighting, and climate-control systems from anywhere in the world, these compelling homes set high—and high-tech—standards for luxurious modern living. Sunset Strip Sophistication. John Galich & Cris Leche, Sotheby’s International Realty – Beverly Hills Brokerage.

Brokerage 119

Brokerage 119

Maximum Exposure Real Estate

APRIL 9, 2022

Differences Between Real Estate Agents, Realtors, and Brokers One of the questions I often get is if there is a difference between a Realtor®, Real Estate agent, and a broker. The difference between a real estate agent and Realtor® is significant. Hiring someone to help you with a real estate transaction can sometimes be confusing […]. The post Real Estate Agents vs.

Agents 119

Agents Marketing 119

Housing Wire

APRIL 11, 2022

In a selling guide announcement released last week, Fannie Mae announced that it would be accepting written opinion letters from an attorney in lieu of a title insurance policy “in limited circumstances.”. According to the announcement, lenders “must ensure the loan is covered by either a title policy issued by an acceptable insurer (including any required endorsements) or a title opinion letter issued by an attorney.”.

Title 410

Title Closing costs Loans Closing 410

Eye on Housing

APRIL 12, 2022

Driven by higher food, gasoline and housing cost, consumer prices continued to accelerate in March. This marked the sixth straight month for inflation above a 6% rate and was the fastest annual pace since December 1981. Though gas prices have fallen slightly from their March highs, the pace of inflation will likely stay high in the months ahead as lockdowns.

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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

Fancy Pants Homes

APRIL 10, 2022

Grey’s Anatomy star Ellen Pompeo is one of the most successful actresses in Hollywood — and her real estate portfolio reflects that. According to Forbes , Pompeo is the eighth highest paid actress, ranking just behind the likes of Nicole Kidman, Meryl Streep and Angelina Jolie. Clocking in at $550,000 per episode of Grey’s , the mother-of-three, 52, also receives $6 million per year from her share of syndication profits, earning her a total of $19 million per year.

Design 111

Design Renovation As-is Marketing 111

Realty Biz

APRIL 15, 2022

Maybe you’ve just left the closing on your first home with the key in your hand and are rewarded by walking through an empty house where you will build your future from a clean slate. Congratulations! But before you pound in a nail to hang your first picture there are some things that you want to do before you move in and other things that you want to do shortly after moving in.

Inspection 111

Inspection Residential Closing As-is 111

Housing Wire

APRIL 14, 2022

Federal Reserve in Washington, D.C. What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio?

Marketing 394

Marketing Purchase and sale agreement Investor Banks 394

Miller Samuel INC

APRIL 14, 2022

For each issue of Elliman Magazine produced by Douglas Elliman , the same company that publishes most of our U.S. market research , I write a brief column and create a graphic to illustrate an important issue facing the luxury housing market. Of course, the graphic I create is then supercharged by their very talented graphics staff. Listing inventory has essentially collapsed in most U.S. housing markets as unusually low rates against the backdrop of robust economic conditions have burned off su

Sales 110

Sales Closing Marketing As-is 110

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

Sotheby's International Real Estate

APRIL 15, 2022

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Redding, Connecticut | Laura Freed Ancona, William Pitt Sotheby’s International Realty . ‘It’s the last home of Mark Twain. He lived there from 1908 until his death in 1910. Redding, CT, really celebrates the fact that it was the last place he lived,’ says listing agent Laura Freed Ancona, with William Pitt Sotheby’s International Realty.

Agents 110

Agents 110

Realty Biz

APRIL 13, 2022

You’ve finally arrived and can retire after a lifetime of sacrifices and hard work professionally, it’s time to relax, travel, pursue hobbies, and visit grandchildren. But retiring also implies downsizing so that things are more manageable including your finances because your retirement check won’t be as large as your former paycheck. With longer lifespans, a pension, social security, and savings will rarely match a previous full salary, and this can mean added financial pressure.

Principal 109

Principal Closing costs Closing Finance 109

Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. After all, it still takes 43 days, on average, to close a loan. “Realistically, it’s still basically the same industry,” Brian Woodring, chief information officer at Rocket Mortgage , said on Tuesday during the Mortgage Bankers Association ’s Technolo

Mortgages 388

Mortgages Banks Technology Finance 388

Fancy Pants Homes

APRIL 15, 2022

The Derby House, an architectural gem that’s often referenced as one of the finest examples of Mayan Revival-style architecture in the entire country, is now on the market. Asking $3,295,000, the memorable home — located in Glendale, in the San Fernando Valley and Verdugo Mountains regions of Los Angeles County — is offered for sale along with four adjacent lots totaling 1.5 acres of land.

Construction 108

Construction Land Development Design 108

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Agents

Maximum Exposure Real Estate

APRIL 11, 2022

How to Make an Offer For a House Buying a house in today’s competitive market can be a real challenge. Potential buyers need to understand that making offers could become a routine before landing your dream house. It’s an extreme seller’s market where a bidding war is a norm and not the exception. It’s a […]. The post Making Offers on Houses: What You Need to Know appeared first on Maximum Real Estate Exposure.

Land 108

Land Marketing 108

Realty Biz

APRIL 12, 2022

Canada’s prime minister Justin Trudeau has banned foreign buyers from buying homes in the country for two years in an effort to cool off its red-hot housing market. Canadian home prices have risen by more than 50% in the last couple of years, with the average home valued at around $693,000 in U.S. dollars at the end of February. That’s more than nine-times the average household income.

New Construction 109

New Construction Construction Residential Development 109

Housing Wire

APRIL 14, 2022

Wells Fargo. Two of the nation’s largest banks – JPMorgan Chase and Wells Fargo & Co. – had their mortgage businesses hit hard by the higher interest rate landscape in the first quarter of 2022. The financial institutions reported double-digit declines in origination volume and net earnings from January to March, which were partially offset by strong performances in their respective servicing portfolios.

Mortgages 397

Mortgages Banks Lending Marketing 397

Lighter Side of Real Estate

APRIL 13, 2022

It’s tough to land listings in any market, but when you’re smack dab in the middle of a market with low inventory, they’re like lassoing a unicorn under a rainbow. You could go with the all-too-common advice of hitting up FSBO’s, or calling on expired listings, but so is every other agent out there. Sitting open houses and waiting for someone who needs to sell their house to stroll in might work, but good luck having a house to even hold open.

Marketing 107

Marketing Land Branding Sales 107

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