Sat.Apr 16, 2022 - Fri.Apr 22, 2022

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Opinion: Regulation of title fee rates is already rigorous

Housing Wire

When the COVID-19 pandemic shut the country down in 2020, title and settlement professionals were deemed essential and continued to help consumers purchase homes and refinance mortgages. Protecting homeowners is always at the center of the title insurance industry’s core values: to lead, deliver and protect. This includes being transparent and fair in the title and settlement fees charged to consumers when buying a home or refinancing.

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Why “Days on Market” Matters to Home Buyers When Selling a House

HomeLight

The amount of time a home spends on a market (a statistic known as “days on market”) depends on a variety of factors like location, market trends, how your listing is marketed, and pricing. Prospective buyers know how long a house has been listed for, and that information can influence behavior, which is why days on market matters when selling a house.

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Your Sphere: The Fastest and Most Consistent Way to Earn Business

RIS Media

As a team leader and coach with Workman Success Systems, one of the recurring challenges I hear from agents is that the market is being inundated with new agents. Listing inventory is already lean, and every prospect seems to already “know” an agent. This is not a new phenomenon, however, and competing with other agents is a given in this industry. As of March 2022, there were 1.5 million NAR members, a gain of almost 100,000 members from March 2021.

Equity 109
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Is It Time To Buy a Smaller Home?

Keeping Current Matters

Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face.

Marketing 230
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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 VA’s little-known program for Native American veterans

Housing Wire

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. According to a report the Government Accountability Office published this week, the VA’s Native American Direct Loan program only resulted in 89 loans originated in the continental U.S. from 2012 to 2021. This represents less than 1% of the estimated potentially eligible population of 70,000 veterans, the watchdog agency said.

Lending 541
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5 Killer Tips to Get Your Home Sold Fast

Realty Biz

How to Make Your House Ready to Be Listed For Sale. When you list your home for sale, you’ll want to put your best foot forward. Many things go into a successful home sale, including setting the right price and hiring an outstanding real estate agent. Your property’s presentation will be very important, from the curb appeal to the home itself.

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How To Approach Rising Mortgage Rates as a Buyer

Keeping Current Matters

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%.

Mortgages 245
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FHA adds 40-year loan term to COVID-19 arsenal

Housing Wire

The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. For now, only borrowers financially impacted by the pandemic can opt for the loss mitigation option, and it may only be used in combination with a partial claim option.

Loans 496
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Inside Napa Valley’s Summer Hill Compound

Sotheby's International Real Estate

Bringing to mind a string of pearls strewn across a 40-acre knoll, this singular wine country estate comprises three serene pavilions linked by breezeways and loggias. Five years in the planning, it is the creation of illustrious designer Rela Gleason working in strong collaboration with architects John Sease and Bobby McAlpine. A once-in-a-lifetime property, it speaks an architectural language never before spoken.

Design 127
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31 Spring Marketing Ideas For Real Estate: Social Media, Direct Mail & More

Easy Agent Pro

Spring has officially sprung! People nationwide are getting outside and doing much-needed spring cleaning. You may be tempted to frolic in the flowers yourself. But if you’re in the real estate industry, this season can set the tone for the rest of your year—and your sales. Spring is your annual springboard! So today, we’re sharing our top 5 spring marketing ideas for real estate.

Marketing 124
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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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Why This Housing Market Is Not a Bubble Ready To Pop

Keeping Current Matters

Homeownership has become a major element in achieving the American Dream.

Marketing 263
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The housing market is still savagely unhealthy

Housing Wire

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 million. However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. However, hope for a balanced market is real this year because, with higher rates, we should see more days on the market coming up and growth in the inventory data.

Marketing 491
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Guiding Light: 5 Homes Filled with Natural Light

Sotheby's International Real Estate

These five bright homes use plentiful windows or full walls of glass to maximize natural light and make the most of their singular settings, from SoHo to Santa Fe. Light-Filled Manhattan Loft. New York, New York | Glenn Norrgard, Sotheby’s International Realty – Downtown Manhattan Brokerage. This 2,056-square-foot condominium home has an ideal floor plan for enjoying timeless New York loft living.

Brokerage 127
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A Handy Seller’s Guide To Staging a House While Living In It

HomeLight

Most home sellers face the common conundrum of trying to sell their home while still living in it. A quick search of online listings will reveal the range of those showcasing uninhabited houses, obviously staged ones, and then even more obviously lived-in homes. The goal for selling a house you’re still living in, is to stage it so that it appears that you’ve already moved out and the cleaning fairies have moved in.

Staging 122
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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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Why Pre-Approval Is an Important Step for Today’s Homebuyers

Keeping Current Matters

Being intentional and competitive are musts when buying a home this season.

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Wells Fargo cuts mortgage jobs amid poor outlook

Housing Wire

A Wells Fargo bank branch. Wells Fargo & Co., the top depositary mortgage lender in the country, is cutting jobs in its home lending business, just days after reporting weak mortgage earnings in the first quarter of 2022. “The home lending displacements this week are the result of cyclical changes in the broader home lending environment,” a Wells Fargo’s spokesperson told HousingWire.

Mortgages 410
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What Are Common Terms and Conditions in a House Offer

Realty Biz

What to Know About Terms and Conditions Found in an Offer to Purchase. When you find a home you want to buy, your offer will contain many important terms and conditions. It will state your offer price and many other clauses that could be crucial to the success of the purchase. Before making an offer on a property it is vital to understand what you will be agreeing to in a real estate contract.

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What to Do Before Offering on a Home

RIS Media

Are you in the process of considering whether to purchase a home? If so, you may be wondering about the steps you should take before making an offer on the house. Let’s look at some of the key things to consider before placing an offer on a property you love. Being well prepared will put you in a better position to be successful and enjoy your housing choice.

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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 16, and rate forecast for next week

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose appreciably on Thursday (markets were closed for Good Friday yesterday). Overall, those rates moved higher last week, thanks to sharp rises […].

Mortgages 117
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Mortgage applications nosedive as rates continue to soar

Housing Wire

With rates at the highest level in a decade, mortgage applications for the week ending April 15 fell 5%, according to the latest survey by the Mortgage Bankers Association. The drop was largely driven by an 8% decline in refinancing applications, which was 68% lower than the same week one year ago. The seasonally adjusted purchase index dropped 3% from the week prior, according to the trade group.

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Buyers’ Perceptions of Housing Availability Fall Back to 2018 Levels

Eye on Housing

Buyers’ expectations of housing availability continue to worsen. At its peak in the 4th quarter of 2020, 36% expected the home search to get easier in the months ahead. After five straight drops, the share is now 17% – a level not seen since 2018. In contrast, 74% expect the search for a home to get harder/stay the same. Buyers’.

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Zillow testing major changes to Premier Agent program

Real Trends

Starting May 25, “several hundred” real estate agents in the Raleigh, North Carolina and Denver metro areas will no longer have access to Premier Agent , thanks to major changes coming to Zillow ’s lead generating platform. In a letter posted on Zillow Group ’s blog page on Wednesday, SVP of business operations Stephen Capezza told agents that Zillow would be moving to a “post pay” or “success fee” payment structure in Raleigh and Denver.

Agents 115
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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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4 Ways to Cool Off Your Energy Bill

Coldwell Banker

Gear up for summer by giving your air conditioner a break and lowering your energy bill at the same time with these home cooling methods. Alternatives like energy-efficient windows, doors and electronics, filters and shading can help chill your home with less energy use, according to the U.S. Department of Energy. Dress Your Windows During […].

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How Blend plans to survive a shrinking mortgage market 

Housing Wire

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients.

Mortgages 397
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Real estate investors cite rising inflation as their biggest concern in 2022

Realty Biz

Real estate investors say inflation is their biggest concern, but even though it’s rising it isn’t stopping them from investing in new projects. That’s according to the latest survey of 503 investors by the real estate investor financing firm Kiavi. According to Kiavi, a full 65% of those investors it quizzed cited inflation as a major concern in 2022.

Investor 111
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High Home Prices Are Leading More Buyers To Give Up Home Search

Eye on Housing

An earlier post revealed that 67% of buyers who were actively engaged in the process of finding a home in the 1st quarter of 2022 have spent 3+ months searching for a home without success. By far, the most common reason these long-term searchers cite for not having bought by now is their inability to find an affordable home (48%). .

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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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Tech To Smarten Up Your Household Cleaning

Coldwell Banker

Need a little help around the house? Today’s technological gadgets can clean gutters, mow lawns, vacuum floors and even clean your toilet bowls. This real-life tech is accessible for everyone to make life a little easier. Check out these cool ideas for some smart home cleaning gadgets. Say Goodbye to the Pool Boy Robotic pool […]. The post Tech To Smarten Up Your Household Cleaning appeared first on Coldwell Banker Blue Matter.

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Mr. Cooper names new vice presidents

Housing Wire

Mortgage originator and servicer Mr. Cooper Group announced on Thursday that it is promoting two of its own into executive vice president roles. Jaime Gow will hold the president of executive vice president and chief financial officer position. Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. .

Banks 397
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eXp Realty Surpasses 80,000 Agents as Brokerage Continues Worldwide Expansion

RIS Media

eXp Realty ® has announced it has exceeded 80,000 agents globally, representing an increase of 50% when compared to 53,379 agents in April 2021. Glenn Sanford, founder, CEO and chairman of eXp World Holdings recently commented on the accessible leadership traits that underpinned eXp’s success as what he calls “the most agent-centric real estate brokerage on the planet.”.

Brokerage 109
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Housing Demand Is Softening

Eye on Housing

The share of adults planning a home purchase within a year fell for a third straight quarter in the first three months of 2022, down to 13%. The last time fewer American adults intended to buy a home was in the second quarter of 2020 (11%). The decline is evidence that the COVID-induced boost to housing demand is past its.

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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.