Sat.Jan 06, 2024 - Fri.Jan 12, 2024

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Frequently Asked Questions About Home Appraisals

RIS Media

One of the most essential steps when buying a house or refinancing your existing home is the appraisal. Appraisals can make or break a real estate transaction. Appraisers have significant power in the role they perform for a mortgage lender. After all, their word is gospel. Given their importance, they must be accurate with their… The post Frequently Asked Questions About Home Appraisals appeared first on RISMedia.

Mortgages 141
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Real Estate Red Flags That Could Be Hidden When Buying a House

Maximum Exposure Real Estate

Knowing things about your home that will send potential buyers running is essential as a seller. These red flags may prevent you from selling your house, leaving your property on the market for far too long and possibly resulting in a substantial loss of money if a sale occurs. Many of these Real Estate issues […] The post Real Estate Red Flags That Could Be Hidden When Buying a House appeared first on Maximum Real Estate Exposure.

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NAR President Tracy Kasper, facing blackmail threat, steps down

Real Estate News

Kasper had been in the role for just over four months following the resignation of former president Kenny Parcell. Kevin Sears is taking over as president.

As-is 129
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Cyberattack at loanDepot brings systems down

Housing Wire

Top-15 U.S. mortgage lender loanDepot confirmed Monday morning that it is the industry’s latest cyberattack victim. The incident has brought loanDepot’s systems down. The California-based lender, which originated roughly $17 billion in mortgage loans from January to September 2023, said it has launched an investigation with the support of cybersecurity experts.

Mortgages 506
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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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Pre-Civil War Gothic Revival Church on Bed Stuy’s Willoughby Avenue Demolished as Locals Look On

Brownstoner

The historic St. Lucy-St. Patrick Roman Catholic Church, which has dominated a block of Bed Stuy’s Willoughby Avenue since 1856, was being torn down in clouds of dust Monday and today to make way for housing. The demolition of the red-brick Gothic Revival church building at 920 Kent Avenue (also… Read More > The post Pre-Civil War Gothic Revival Church on Bed Stuy’s Willoughby Avenue Demolished as Locals Look On appeared first on Brownstoner.

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Residential Building Wages Continue to Increase

Eye on Housing

The year-over-year (YOY) growth rate for residential building worker wages decelerated to 0.6% in June 2023. Over the past five months, wage growth accelerated moderately and reached 4.0% in November. Overall, average hourly earnings for residential building workers* increased at a relatively slower pace in the past year, compared to the peak rate of 8% in October 2021.

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8 Powerful Questions From First-Time Home Sellers That Lead to Success!

Realty Biz

Selling a home for the first time is a significant learning experience. Real Estate isn't something that homeowners can master in one transaction. They must rely on professionals for guidance and expertise. Unfortunately, if the wrong real estate agent is chosen, it can lead to getting poor advice. Nobody wants that, but it's a reality. From three decades of experience as a Realtor, many home sellers make aweful choices when it comes to their real estate agent.

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Fewer homes will take a price cut in spring 2024

Housing Wire

Will the number of homes that take a price cut this year drop below 2023 levels? Yes! If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. I believe this was the most overlooked housing story of the last year because even as mortgage rates rose all the way to 8% , the home price cut percentage data was always about 4% lower year over year.

Mortgages 541
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Avoid These Common Mistakes After Applying for a Mortgage

Keeping Current Matters

If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own.

Mortgages 266
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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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NAR President Tracy Kasper resigns, alleges blackmail

Inman

The National Association of Realtors' leader said she recently received a "threat to disclose a past personal, non-financial matter unless she compromised her position at NAR.

MLS 201
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The Best Methods For Choosing a REALTOR®

RIS Media

Buying or selling a home is a significant financial and emotional undertaking. Choosing the right real estate agent can significantly impact the outcome. A systematic approach is essential when choosing a REALTOR® with numerous agents available. We will examine the best methods for picking a real estate agent, drawing insights from expert advice and exploring… The post The Best Methods For Choosing a REALTOR® appeared first on RISMedia.

Agents 140
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Reverse mortgages could be a long-term care option: Kiplinger

Housing Wire

Among the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. LTC is already an expensive prospect and is projected to become a more common necessity as the U.S. population grows older in the coming years.

Mortgages 506
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What Lower Mortgage Rates Mean for Your Purchasing Power

Keeping Current Matters

If you want to buy a home, it's important to know how mortgage rates impact what you can afford and how much you’ll pay each month.

Mortgages 269
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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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NAR, KW and HomeServices seek new trial in Sitzer | Burnett suit

Inman

The defendants point to "legal errors at trial" they say justify setting aside the jury's historic, multi-billion-dollar verdict and giving the defendants another chance to make their case in court.

MLS 196
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Can You Break Up With Your Buyer’s Agent?

RIS Media

Buying a home is a significant life decision, and choosing the right buyer’s agent is crucial to ensuring a smooth and successful transaction. However, there are instances where the relationship with your buyer’s agent may not work out as expected. You may find yourself contemplating the need to break up with them. We will explore… The post Can You Break Up With Your Buyer’s Agent?

Agents 141
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Inflation data still pointing toward rate cuts in 2024

Housing Wire

Inflation came in hotter than expected on Thursday, but we are still talking about rate cuts in 2024! The 10-year yield had a mild reaction to today’s data , increasing a few basis points early. It’s now at 3.98% , a far cry from 5.04% as we saw last year. This, while jobless claims data is still historically low. As I have stressed time and time again, when the market believes the Federal Reserve is done hiking rates, the markets make a big move lower with the 10-year yield and mortgage r

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How to Move With Pets With This Animal Friendly Guide

Maximum Exposure Real Estate

After figuring out how to sell a home with pets, your next mission will be to figure out how to move with them. As exciting as it is to go to a new home, a fair amount of stress is always involved. The best way to move with pets is undoubtedly something you’ll want to […] The post How to Move With Pets With This Animal Friendly Guide appeared first on Maximum Real Estate Exposure.

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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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Jump in key inflation gauge may delay mortgage rate relief

Inman

Futures markets still hold out hope for a March rate cut, even as annual inflation increased to 3.4 percent in December, moving away from the Fed's 2 percent goal for the first time since September.

Mortgages 191
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Interest Rates Will Remain High, According to NY Fed President

RIS Media

Interest rates will remain high for “some time,” according to recent comments made by New York Federal Reserve President John Williams. “I expect that we will need to maintain a restrictive stance of policy for some time to fully achieve our goals,” said Williams. “It will only be appropriate to dial back the degree of… The post Interest Rates Will Remain High, According to NY Fed President appeared first on RISMedia.

MLS 127
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Mortgage demand picks up again: MBA

Housing Wire

Despite an uptick in mortgage rates at the beginning of 2024, mortgage demand surged after adjusting for the holiday. Mortgage applications increased 9.9% for the week ending Jan. 5 compared to one week earlier, according to data from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate averaged 6.62% as of Jan. 4, according to Freddie Mac ’s Primary Mortgage Market Survey.

Mortgages 491
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11 Things Sellers Need To Know Before Listing For Sale

Maximum Exposure Real Estate

Before listing a home for sale, there are many things a prospective seller should know. Knowledge is power when it comes to real estate. The more educated you are on the process, the better off you will be. Selling a house is all about being prepared to hit the market. An educated home seller stands […] The post 11 Things Sellers Need To Know Before Listing For Sale appeared first on Maximum Real Estate Exposure.

Sales 132
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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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LoanDepot is latest real estate company to be targeted by hackers

Inman

Mortgage lender says an unauthorized party accessed its systems and encrypted some of its data, a tactic employed by ransomware groups to target more than 1,000 companies and organizations.

Mortgages 194
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State-to-State Migration Trends in 2022

NAR: Economic Outlook

State-to-State Migration Trends in 2022 The number of people who moved between states rose from approximately 7.9 million in 2021 to approximately 8.2 million in 2022.

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US Supreme Court to hear mortgage escrow case in February

Housing Wire

The U.S. Supreme Co urt last week scheduled oral arguments for seven pending cases to take place in February, including one that will decide whether “the National Bank Act preempts the application of state escrow-interest laws to national banks,” according to a publication of the argument schedule and reporting at SCOTUSblog. The court will decide whether or not national banks will be required to follow state-level laws governing escrow accounts’ accumulation of interest.

Mortgages 469
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NAR President Tracy Kasper Resigns After Apparent Blackmail Attempt

RIS Media

National Association of REALTORS® (NAR) President Tracy Kasper is resigning her position effective immediately, NAR announced today in a press release shared with RISMedia, after she “received a threat to disclose a past personal non-financial matter.” According to NAR, Kasper was pressured to “compromise” her position at NAR by the unnamed party or parties, but… The post NAR President Tracy Kasper Resigns After Apparent Blackmail Attempt appeared first on RISMedia.

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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.