Sat.Oct 29, 2022 - Fri.Nov 04, 2022

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What happens after the Fed’s rate hike?

Housing Wire

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good? Over the weekend, The Wall Street Journal brought up this point — that the Fed is mindful that household balance sheets are much better now due to the excess savings built up during the COVID recovery and t

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3 Trends That Are Good News for Today’s Homebuyers

Keeping Current Matters

While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home.

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More Prospective Buyers Are Actively Searching for a Home

Eye on Housing

Higher interest rates are pricing out some (not all) buyers, but also transforming remaining prospects into active buyers. In the third quarter of 2022, 59% of prospective buyers had moved beyond the planning phase and become fully engaged in the buying process, up from 46% in the first quarter and 49% in the second quarter of the year. The share.

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A 2-1 temporary rate buydown can help you with on-the-fence buyers

Real Trends

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. These borrowers are hoping that rates will decline enough in the next few years that a refinance will bring their payments down permanently. Options for borrowers include temporary rate buydowns and down payment assistance programs.

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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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Tony Soprano’s house is a real-life home in New Jersey — and the pool and driveway look awfully familiar

Fancy Pants Homes

The legendary TV drama The Sopranos first hit our screens back in 1999, and it did so with a bang. It got us hooked from the very first episode with its stellar performances, production quality, and its unusual portrayal of an Italian Mafia capo. The popular crime/drama series introduces us to Tony Soprano, a slightly overweight and balding mob guy living in suburban New Jersey that’s struggling to navigate personal affairs and professional power plays in a manner that hadn’t previou

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Best Gifts For Real Estate Agents That Say “Thank You” in 2022

HomeLight

If you’ve recently bought or sold your house thanks to the help of a professional real estate agent, you know how much help they were throughout this major event in your life. Maybe they sold your home quicker than you thought would be possible or were able to get you a higher price in the challenging market of late-2022. For buyers facing rising interest rates, your agent may have helped you explore great options to best meet you and your family’s needs.

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Social media reigns supreme for lead generation

Real Trends

Social media remains Realtors’ top lead-generating technology tool , with 46% of respondents reporting it was their number one technology powered lead generation source, according to a new survey report from the National Association of Realtors. The most popular social media app among the random sample of Realtors surveyed was Facebook , with 89% of respondents reporting they used the app, followed by Instagram at 59%, LinkedIn at 53%, YouTube at 26%, Twitter at 19% and TikTok at 12%.

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Social Media in 2023: What to Post to Maximize Your ROI

HomeLight

Enjoying this episode? Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | YouTube. About This Episode. You’re an expert when it comes to the latest real estate industry trends, but social media is a different story. Facebook, Instagram, TikTok, YouTube–there are just too many, and they’re constantly changing.

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Home Inspection Contingency: Examples, Clauses, and Addendums Explained

Maximum Exposure Real Estate

Buying a home might be the most significant financial commitment you ever make. So it isn’t surprising that you want to avoid extra expenses when purchasing. House inspections are another expense during the home-buying process that you could choose to eliminate. However, choosing not to have a home inspection isn’t an expense you should avoid. […].

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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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The honey badger labor market will still bite housing

Housing Wire

On Friday, the Bureau of Labor Statistics reported that 261,000 jobs were created and we had 29,000 positive revisions to prior reports. This means the honey badger labor market will keep the Federal Reserve from pivoting anytime soon. . This has been a theme of mine lately. Since all my six recession red flags are up, the only data lines that I am focusing on regarding the cylce of economic expansion to recession are job openings and jobless claims data.

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Sell Your House Before the Holidays

Keeping Current Matters

As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends.

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How to keep a positive mindset in today’s real estate market

Real Trends

The real estate market is always full of uncertainty, but lately, there have been more significant concerns. After seeing exceptionally low interest rates at the beginning of 2022, they are now more than double. Even though rates are still historically low, they have many would-be buyers and sellers thinking the worst. And despite no conclusive evidence that a crash is imminent, rumors of a crash are circulating nonetheless.

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15 Hidden Expenses After Buying a Home

Realty Biz

Buying a home is likely the largest purchase you’ll ever make. In today’s competitive housing market, even buyers who saved a hefty down payment might end up paying more for their home than they planned. It’s easy to bust your budget when it comes to a home’s sale price, but many homeowners are surprised by the expenses they'll need at or after closing.

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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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What is a 2-1 temporary rate buydown?

Housing Wire

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. These borrowers are hoping that rates will decline enough in the next few years that a refinance will bring their payments down permanently. Options for borrowers include temporary rate buydowns and down payment assistance programs.

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Taking the Fear out of Saving for a Home

Keeping Current Matters

If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first.

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A CRM that Helps You Follow Up

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Follow Up Boss]. A CRM that centralizes leads and supports follow-up tools for high-growth real estate businesses, Follow Up Boss provides calling and dialer; individual and group texting; and email for engaging with leads. Everything syncs from agents’ desktops to their phones to keep engagement consistent.

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Predicting 2023 Annual Sales

BubbleInfo

In California, about 70% of the outstanding mortgages have a mortgage rate below 4%, which means it’s unlikely that many of those homeowners will move if they have to qualify for and accept a much-higher rate. Plus, about 30% of local homeowners don’t have a mortgage. Who is left? Anyone? Home Buyers Who Will Keep […].

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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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Rocket’s struggle to adapt to highly volatile market conditions

Housing Wire

Last year, Rocket Mortgage , America’s top mortgage lender, benefited greatly from record low mortgage rates — racking up more than double the refi volume of any lender. . But with rates rapidly climbing past the 7% level, the Detroit-based lender is now in a tough spot as it attempts to pivot to purchase mortgages and persuade its customers to get cash-out refis – all while trying to cut costs through voluntary buyouts and attrition, the Wall Street Journal reported in a deep dive published Tue

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Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

Keeping Current Matters

It turns out, millennials aren’t the renter generation after all.

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Significant Sales: September 2022 Highlights

Sotheby's International Real Estate

From a US$28M sale in Newport Coast, California to a AUD$8M sale in Hamilton Island, Australia, here are five sales represented by the Sotheby’s International Realty® global network in September. Newport Coast, California . CAIN Group | Pacific Sotheby’s International Realty, US$28,825,000. Vittoriosa, Malta. Josabeth Cassar | Malta Sotheby’s International Realty, EUR€5,300,000.

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Labor Market Softens in October

Eye on Housing

Job growth slowed in October as the Fed continues its tightening of financial conditions to fight inflation, but the overall labor market remains tight. The unemployment rate increased by 0.2 percentage points to 3.7% in October as the number of persons in the labor force decreased for the second straight month.

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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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Mr. Cooper makes its biggest job cut yet

Housing Wire

Retail lender and servicer Mr. Cooper has dropped the ax on approximately 800 staffers, roughly a week after hinting that job cuts were coming due to lower origination production. “In the face of market volatility and economic uncertainty, Mr. Cooper Group has taken a disciplined and proactive step to scale back the Originations business, including the elimination of approximately 800 positions,” the company said in a statement. “By aligning our originations operations to the s

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Real Estate Commission: How Much and Other Things to Know

Realty Biz

Many things can be foreign to you when you have never bought or sold a home. One of the greater mysteries in the real estate industry is the commission consumers pay when engaging the services of an agent. When you buy or sell a house, a commission will be paid. But how much? What is the average Realtor commission ? Do Real Estate agents or Realtors ever negotiate their fees?

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Luxury Real Estate Headlines: First Week in November 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Rockville Centre, New York | Daniel Gale Sotheby’s International Realty. This vintage Tudor home features a decorative boxwood hedge maze in the style of a formal garden. A tennis court and a boxwood maze surround this $2.7M 1913 Tudor home on Long Island – 6sqft.

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‘Love is Blind’ locations: Where to find the contestant’s apartments, the pods, and the Malibu retreat

Fancy Pants Homes

If you’ve been patiently waiting for the 3rd season of Love is Blind to drop this October only to binge all the episodes in one sitting (or is it just me?), we have a little treat for you until the next episode comes out. With each season of the popular Netflix reality series taking place in a different city around the US, we thought we’d track down some of the key filming locations for Love is Blind — particularly those that are in our wheelhouse: the contestant’s apartm

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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.