Housing Wire

JUNE 7, 2022

Blink and you’ll miss your dream home. So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. That’s according to Black Knight , which just released a white paper that studies how long it would take to sell all the homes currently listed for sale in a given market based on a prevailing sales rate, if no new listings are added (a metric it calls “months of remaining inventor

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Maximum Exposure Real Estate

JUNE 5, 2022

Earnest Money vs. Down Payment The earnest money vs. down payment question comes up quite a bit in real estate sales. If you are a first-time buyer purchasing a home can be mysterious at times. There are many terms and procedures that can be confusing unless they are explained. There are many important mortgage terms […]. The post Earnest Money vs.

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Keeping Current Matters

JUNE 6, 2022

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans.

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Marketing 242

Real Trends

JUNE 9, 2022

The number of active listings was up 13% year over year for the week ending June 4, according to a report from Realtor.com. Despite the double-digit increase, active inventory remains nearly 50% below the inventory level at the start of the COVID-19 pandemic and down 13% on a year-to-date basis. New listings also were up during the week ending June 4, rising 2% compared to a year ago, but they are down 1% on a year-to-date basis.

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Agents

Housing Wire

JUNE 8, 2022

We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. .

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Sales As-is Mortgages Marketing 545

Sotheby's International Real Estate

JUNE 4, 2022

Few things transform an everyday interior space like carefully chosen paint hues. These plucky residences—from Palm Beach to Pasadena—catch the eye with their vivid, often unexpected doses of color. Upper East Side Elegance. New York, New York | Louise C. Beit, Sotheby’s International Realty – East Side Manhattan Brokerage. Constructed in 1870, this elegant six-story, six-bedroom townhouse on a lovely Upper East Side street is luxuriously scaled and detailed.

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Real Trends

JUNE 6, 2022

The real estate industry was responsible for $3.9 billion, or nearly 17%, of the national GDP in 2021, according to a study published by the National Association of Realtors on Thursday. According to estimates from NAR , nationwide, each home sale at the median generated roughly $113,000 of economic impact in 2021. Commissions, fees, moving expenses, and other income to real estate industries was responsible for an estimated $31,742 of the total impact, with the rest comprised of $5,000 from exp

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Housing Wire

JUNE 10, 2022

The Federal Reserve ’s (Fed) efforts to beat back inflation with its monetary tools have already shifted the winds in the secondary market for mortgage-backed securities (MBS). The Fed’s continuing effort to wind down its $2.7 trillion MBS portfolio helps fuel widening interest-rate spreads in the MBS market by creating additional MBS supply to be absorbed by investors.

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Brownstoner

JUNE 7, 2022

The 122-plus-year-old Jacob Dangler mansion at 441 Willoughby Avenue was calendared by the Landmarks Preservation Commission in a last-minute, surprise move today that could prove a huge victory for local residents and preservationists who have been fighting to save the building from a pending demolition. The vote by the LPC came… Read More > The post In Surprise Move, Landmarks Saves Beloved Bed Stuy Mansion From Imminent Demise appeared first on Brownstoner.

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Development 133

Keeping Current Matters

JUNE 8, 2022

If you’re looking to buy your first home, you’re likely balancing several factors.

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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

Sotheby's International Real Estate

JUNE 7, 2022

Among the list of people and things easily considered quintessentially American are the illustrious family name of Kellogg and the midcentury modern design concept. This uncommon 1948 home perched near the apex of the northern slope of Potrero Hill in San Francisco exemplifies the iconic aesthetic that has come to typify American design of its era. It was designed by esteemed period architect F.J.

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Design 123

Housing Wire

JUNE 6, 2022

Frank Nothaft, chief economist at CoreLogic and before that, the top economist at Freddie Mac , has died. He was 66. At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist. “When I arrived at Freddie Mac in 2012 he was a long-established major nam

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Eye on Housing

JUNE 9, 2022

The median age of owner-occupied homes is 39 years, according to the latest data from the 2019 American Community Survey. Compared to a median age of 31 years in 2005, the U.S. owner-occupied housing stock is aging gradually. The residential construction continues to fall behind in the number of new homes built especially after the Great Recession. This aging housing.

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Keeping Current Matters

JUNE 7, 2022

Are you thinking about selling your current home?

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Sales Marketing 222

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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.

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GeekEstate

JUNE 8, 2022

This week, we interviewed Michael Wisnefski of MaterialsXchange. Let’s get to it! Who are you and what do you do? My name is Mike Wisnefski. I am one of the founders and the CEO of MaterialsXchange (MX), the digital marketplace for lumber. I am a husband, a father of two awesome teenagers, and an avid fly fisherman. I work hard so that I can also play hard.

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Housing Wire

JUNE 10, 2022

Nonbank mortgage lender and servicer Ocwen Financial Corp. and its subsidiary PHH Mortgage agreed to pay more than $665,000 to settle multiple lawsuits filed last year by three cities in New York state regarding the maintenance of zombie properties. In 2016, New York passed a law establishing that lenders and servicers must inspect, secure and maintain zombie properties — which are defined as vacant and abandoned homes whose owners are behind on their mortgage payments. .

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Sotheby's International Real Estate

JUNE 9, 2022

Photo Credit: Taimour Othman. Sotheby’s International Realty today announced the opening of Egypt Sotheby’s International Realty, signifying the brand’s second office in Northern Africa and its 206th office in the EMEIA region. Egypt Sotheby’s International Realty is co-founded and operated by Marwan Gebril who brings 15 years of real estate experience to the company.

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Real Trends

JUNE 10, 2022

Low inventory? No problem. Top-performing real estate agents and teams closed an average of 241.2 transaction sides in 2021, up from 211 in 2020, breaking records in the 2022 RealTrends + Tom Ferry The Thousand rankings. RealTrends + Tom Ferry The Thousand is an annual, national ranking program sponsored by RealTrends—the Trusted Source—and Tom Ferry International coaching, advertised in The Wall Street Journal.

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Agents Sales Branding Brokerage 122

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

BubbleInfo

JUNE 6, 2022

Once we got past the Memorial Day weekend, the unsold listings continued their climb. Here’s how the first week in June compares to previous years: NSDCC Listings, First Monday in June: Year # of Active Listings # of Pendings # Actives Over $2M # of Pendings Over $2M 2018 914 410 488 102 2019 1,005 […].

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Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. While four prominent trade groups voiced support, they also proposed some tweaks. The Mortgage Bankers Association, Housing Policy Council, National Association of REALTORS and the American Bankers Association agreed a 40-year loan modification should be a permanent fixture in the administration’s loss mitigation handbook, suggesti

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GeekEstate

JUNE 7, 2022

[Editor’s Note: Below is the full text of Part I of our 214th Weekly Transmission, originally delivered direct to the inbox of more than 500 GEM members on June 2nd, 2022. Some links included below are to members-only articles.]. Imagine sitting down to play a game of Monopoly. You’re dealt the standard share of cash. Someone else chose the racecar so you took the top hat.

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Brownstoner

JUNE 7, 2022

In the eleventh hour of the race to save the 122-year-old mansion at 441 Willoughby Avenue in Bed Stuy, Council Member Chi Ossé has joined the chorus with an email to the Landmarks Preservation Commission calling for the historic building’s landmarking. “I wanted to reach out to you to let you… Read More > The post Council Member Ossé to Landmarks: Landmarking 441 Willoughby Avenue Is the Best Decision for All appeared first on Brownstoner.

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Development 119

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

BubbleInfo

JUNE 10, 2022

I picked a great day to start the mortgage-rate tracker in the right-hand column! >>>> Mortgage rates haven’t been in the 6% range since 2008: How many agents have operated in a 6% environment? It will be less than half of the active agents today. To check, their license number would have to be around […].

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Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. And it’s likely to continue – executives are calling this one of the most challenging periods in memory. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.

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Realty Biz

JUNE 7, 2022

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Lynda in IL: Hi Brian, I don’t really have a question. I just wanted to share with others the best real estate decision that I’ve made as I enter old age.

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Brownstoner

JUNE 8, 2022

Brooklyn Heights Library has once again opened its doors on Cadman Plaza West, in airy new quarters on the first floors of a newly built 36-story luxury condo tower, rather than in its former low-slung mid-century modern 1962 building. The new tower's three-level space, which is owned by Brooklyn Public Library,… Read More > The post Brooklyn Heights Library Opens in Sleek New Digs at Base of Condo Tower appeared first on Brownstoner.

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Renovation 116

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Agents

Sotheby's International Real Estate

JUNE 9, 2022

Featuring curated videos from the most sought-after destinations the world over, discover this week’s Video of the Week. ?. Owings Mills, Maryland | The Travelstead Team, TTR Sotheby’s International Realty. Welcome to 3162 Blendon Road, crafted by Pyramid Builders and thoughtfully designed by Vincent Green where you’ll find no expense spared in the curation of this masterpiece.

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Design 109

Housing Wire

JUNE 10, 2022

Lenders and mortgage tech companies have been cutting costs in the down market , but some firms have hired new executives who they hope will provide better strategies to navigate the shrinking loan origination market. Motto Mortgage, a national mortgage brokerage franchise, and wemlo , a mortgage processing solution with an all-in-one digital platform, tapped Chris Erickson as vice president of product and strategy for both brands this week.

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Marketing Lending Loans Branding 406

Fancy Pants Homes

JUNE 10, 2022

If you’re obsessed with witch culture , you’re going to love the Spadena House. Also known as the Witch’s House in Beverly Hills, the magnificently mystical home looks like it’s been plucked straight out of a fairytale. Located on the corner of Walden Drive and Carmelita Avenue, the storybook house was built in the early 1900s for a Hollywood silent film, then went on to become one of L.A.’s most recognizable private homes.

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Design Renovation As-is Closing 105

The Mortgage Report

JUNE 10, 2022

Today’s mortgage and refinance rates Average mortgage rates moved moderately higher yesterday. And they’re now perilously close to the 13-year-record highs we saw in early May. Markets have been roiled […].

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Mortgages Closing Marketing 105

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