Sat.Jul 02, 2022 - Fri.Jul 08, 2022

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What Does an Economic Slowdown Mean for the Housing Market?

Keeping Current Matters

According to a recent survey, more and more Americans are concerned about a possible recession.

Marketing 216
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10 Signs Your Real Estate Market Is Shifting

Realty Biz

It is not unusual for real estate markets to change. It happens all the time. Quite often real estate markets stay the same for quite a while and then something happens that causes a shift. Sometimes it is the general economy, other times it could be interest rates moving significantly up or down, and possibly the stock market changing drastically. Your probably wondering what are the major signs that the real estate market is changing in your local area.

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What is an Appraisal Contingency and Why Should I Care?

Maximum Exposure Real Estate

What is an Appraisal? Appraisals and appraisal contingencies are a normal part of most real estate transactions and the home buying process in general. When purchasing a home and getting a mortgage there will often be a real estate appraisal conducted. A home appraisal ensures that you are paying fair market value for a property. […]. The post What is an Appraisal Contingency and Why Should I Care?

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What does another good job report mean for a recession?

Housing Wire

What does it mean to get a positive job report with all the talk about a recession, which ramped up starting in January 2022? Let’s look at the U.S. jobs and economic numbers as five of my six recession red flags are up today. The June data shows that we added another 372,000 jobs as we get closer to the employment numbers before COVID-19. We did have 74,000 negative revisions to the previous reports, however, the internals of this jobs report is the most interesting aspect.

Mortgages 522
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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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How Your Equity Can Grow over Time

Keeping Current Matters

It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years.

Equity 224
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Meet The Real Estate Tech Entrepreneur: Trevor Bacon from Parcl

GeekEstate

In this week’s founder interview, we’re bringing you Trevor Bacon from Parcl. Without further ado…. Who are you and what do you do? I’m currently the CEO of Parcl, a blockchain-based platform that allows users to invest in a digital square foot of physical real estate in neighborhoods around the world. I have years of experience as a portfolio manager at several hedge funds focused on the technology sector — specifically software, payments (where I was introduced to blockchain five y

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Sprout Mortgage to shutter

Housing Wire

Non-QM lender Sprout Mortgage is shutting down operations, multiple workers said on Wednesday. The company informed workers of the shut down in a conference call on Wednesday, a former staffer said. Sprout had already instituted several rounds of job cuts in the months leading up to the shutdown, the ex-employee said. The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility.

Mortgages 506
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Is Homeownership Still the American Dream?

Keeping Current Matters

Defining the American dream is personal, and no one individual will have the same definition as another.

As-is 210
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Outsource Lead Generation While Keeping Humanity

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the Geek Estate Mastermind. Today’s showcase: BoomTown]. It’s not easy to respond to every lead, leaving potential valuable relationships and commission dollars to slip through the cracks. An automated response lacks the personal touch many customers appreciate resulting in lost leads anyways.

Agents 118
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An inside look at Chrissy Teigen and John Legend’s house, a Beverly Hills trophy home

Fancy Pants Homes

When it comes to Hollywood power couples , it doesn’t get much more famous than Chrissy Teigen and John Legend. Married since 2013, the Sports Illustrated swimsuit model-turned-cookbook-author and the EGOT-winner both have impressive resumes — and they’ve added savvy real estate buyers to their credentials. . As proud owners of a custom-built, 6-bedroom mansion in Beverly Hills, the A-listers are finally feeling settled in their new home, and have spoken publicly about their ne

Closing 116
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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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Will mortgage lending get tighter in the next recession?

Housing Wire

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collaps

Lending 493
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Real Estate Technology that makes life easier for Realtors

Realty Biz

Real estate technology will inevitably change the way you run your business. Times have changed and so have the real estate technology tools that agents use to communicate with potential clients, generate leads, and keep their business afloat. No matter if you’re an experienced agent or just starting out, there are apps that can make your life easier as a real estate agent.

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Housing inventory grows as interest rates scare off buyers

Real Trends

Following a two-year draught in housing inventory, the housing market is showing signs of replenishment, according to data published by Realtor.com. The week ending July 2 saw the rate of new listings increase by 8% year-over-year. The rate of active inventory rose 29% above last year’s rate. An increase in home listings is partially being driven by higher interest rates, which are discouraging potential buyers, Danielle Hale, chief economist at Realtor.com, said in a statement.

Mortgages 111
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As Black Homeownership Declines, Estate Planning Program Aims to Reverse Trend in Brooklyn

Brownstoner

Affordable homeownership nonprofit Center for NYC Neighborhoods is piloting an estate planning program as part of a parcel of initiatives intended to reverse declining Black homeownership rates across the city. The Generation 2 Generation program, announced at the end of June, is one of five programs being rolled out by… Read More > The post As Black Homeownership Declines, Estate Planning Program Aims to Reverse Trend in Brooklyn appeared first on Brownstoner.

As-is 111
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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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Home price growth expected to dip as demand normalizes

Housing Wire

Home price appreciation, which skyrocketed during the pandemic, is showing signs of slowing, according to a monthly report published by CoreLogic Tuesday. In May, home prices increased by 20.2% year-over-year, the report said. But come next May, the data vendor predicts home price appreciation will dip to 5%. The recent hikes in mortgage interest rates by the Federal Reserve has contributed to the expected cool down of home prices, according to the report.

Mortgages 475
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Inside a Historic Artist’s Haven in Santa Fe

Sotheby's International Real Estate

Celebrated as one of the world’s most famous thoroughfares dedicated to art, Santa Fe’s Canyon Road has a reputation that precedes it and has long been a destination for aficionados, collectors, and artists alike. This estate—tucked amid mature trees and other resplendent greenery near the banks of the Santa Fe River—deserves its position on the storied street’s upper reaches, as it winds toward the foothills of the Sangre de Cristo Mountains.

Brokerage 111
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8 Simple Ways to Care for Your New Home—and Your Peace of Mind!

Realtor.com

You signed what seems like hundreds of papers. You’re holding the keys to your new home. The door is open—and now it gets real. Being a homeowner isn’t just a title—it’s also a responsibility, and there are a few new habits you’ll need to develop to keep your home in tip-top shape. Don’t be intimidated, though. The benefit of creating and staying on top of a few key habits means that the work will never feel overwhelming.

Closing 110
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Most Important Questions Investors Should Ask Before Investing In Real Estate

Realty Biz

Real estate investing is the process of acquiring, managing, and developing real estate properties with the intention of generating income. Real estate investors may choose to invest in either residential or commercial properties or both. Real Estate Investor shake hands Pexels.com. There are two main types of real estate investing: active and passive.

Investor 109
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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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8 of 10 consumers: “Economy is on the wrong track”

Housing Wire

Roughly eight in 10 consumers participating in a recent survey are frustrated with the housing market, inflation and the increasingly worsening economy — reflecting record-setting dissatisfaction from respondents of Fannie Mae ‘s Home Purchase Sentiment Index (HPSI). The index, which tracks consumer confidence in the housing market, fell 3.4 points from May to June, dropping to 64.8 — its second-lowest reading in a decade.

Mortgages 473
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Luxury Real Estate Headlines: First Week of July 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Truckee, California | Katherina Haug, Sierra Sotheby’s International Realty. For the past two decades, San Francisco designer Holly Hollenbeck’s projects have been seamlessly embracing both the classic and the most modern elements of design, and her Little Owl A-frame getaway—named after the tiny Whet-Saw owls that populate the woods—in Truckee is no exception.

Design 107
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100% Sold In Ten Days or Less

BubbleInfo

Here is a good sampling of the NSDCC pricing decisions made in May (mortgage rates started going up the first of April). The days-on-market are on the left. Days on Market: All 28 found their buyer quickly – only one took as long as ten days! Paid Over List: 21 of 28 paid over the […].

Mortgages 105
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Is the Housing Market Sustainable?

Realty Biz

With interest rates and inflation both on the rise, the US housing market has recently taken a hit. In fact, the cost of buying a home jumped more than 20% this April compared to the same month in 2021. It’s no secret that in recent yes, the real estate market has become increasingly more unstable than it usually is. Home prices have fluctuated wildly, and there have been a number of high-profile housing bubbles that have eventually burst, causing economic damage. .

Marketing 107
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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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Purchase mortgage rates fall 40 bps amid recession fears

Housing Wire

Purchase mortgage rates this week continued their recent downward trend, dropping 40 basis points to 5.30%, according to the latest Freddie Mac PMMS Index. A year ago at this time, 30-year fixed rate purchase rates were at 2.90%. The PMMS, a government-sponsored enterprise index, accounts solely for purchase mortgages reported by lenders during the past three days.

Mortgages 468
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Light My Fire: 5 Homes with Alfresco Fireplaces and Fire Pits

Sotheby's International Real Estate

Whether high above Manhattan or gazing out at sunsets over the hills of California wine country, an outdoor area with a fireplace or fire pit becomes an exceptionally warm, welcoming open-air oasis. Chic Ranch-Style Refuge in Tarzana. Sue Walsmith | Sotheby’s International Realty – Calabasas Brokerage. This handsome midcentury ranch-style home, creatively re-imagined for chic contemporary living, offers four restful bedrooms, an open-concept great room, a cook’s kitchen with Fi

Brokerage 106
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Leucadia Developments

BubbleInfo

More review of the latest developments in Leucadia as I cruise by the next Toll Brothers community and take a look at what the planning commission just approved: The 3.79-acre project site, which is just south of the Alila Marea hotel on N. Coast Highway, is proposed to contain 94 apartments, of which 19 will […].

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Ask Brian: Is a Real Estate Agent a Good Career Choice in 2022 and 2023?

Realty Biz

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. Estate Agents & Letting Agents Training Company by Stan Kirilov is licensed under CC-BY-NC-ND 4.0. Question from Aurora in GA: Hi Brian, I’m a 23-year-old college graduate with a degree in business.

Agents 106
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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.

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Ex-workers sue Sprout Mortgage over unpaid salaries

Housing Wire

Just two days after it abruptly shut down its operations, non-QM lender Sprout Mortgage became the target of a class-action-seeking lawsuit. Two former employees are suing the Long Island-based Sprout, its affiliated company Recovco Mortgage Management LLC and chief executive officer Michael Strauss, alleging they laid off around 100 employees at the New York office on Wednesday without giving legally required written notice and failed to pay their paychecks due the following day.

Mortgages 441
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Mortgage and refinance rates today, July 8, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose again yesterday. Of course, they remain way lower than their mid-June highs. But they’re higher than they’ve been in a week, […].

Mortgages 105
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List-Price Wrongness

BubbleInfo

We keep hearing about price reductions, but it’s a miracle that the list pricing isn’t worse! Consider: We’ve had a strong seller’s market for 10-12 years – would we recognize anything else, let alone know what to do with it? There is no guidance or formula for buyers, sellers, and agents to determine the right […].

Agents 105
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Creep it real: Was the ‘Muppets Haunted Mansion’ filmed in an Actual House?

Fancy Pants Homes

It’s not easy being green! But when it comes to mansions with boo-tiful guests, turning green might be a given. In the Muppets Haunted Mansion Disney+ Halloween special, Gonzo and Pepé face a series of spook-tacular challenges while staying in a haunted mansion for one night. Is it witchful thinking to assume the haunted mansion is real? Gonzo in the Muppets Haunted Mansion.

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The Secret to Building Successful Digital Sales Programs in 2022 and Beyond

Speaker: Jordi Gili, International Speaker, Managing Director at Execus, Professor Geneva Business School

As we kick off 2022, companies are giving more attention to their Digital/Social Sales Programs. While companies are enabling their sales professionals with coaching and a variety of digital tools to connect with potential customers, they're experiencing fluctuating KPIs. The secret to having a successful digital sales program is to have a structured Corporate Digital Selling Initiative that is centered around these four pillars: 1.