Sat.Feb 05, 2022 - Fri.Feb 11, 2022

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Mortgage rates jump to 3.69% as economy normalizes

Housing Wire

The average 30-year-fixed rate mortgage climbed to 3.69% for the week ending Feb. 3, up eight basis points from the previous week. It’s the highest level since the start of the pandemic, according to the latest Freddie Mac PMMS Mortgage Survey. Before the uptick, the rates remained flat at 3.55% for three weeks, reflecting the impact of the Omicron variant in the economy.

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Want Top Dollar for Your House? Now’s the Time To List It.

Keeping Current Matters

When you’re selling any item, you usually want to sell it for the greatest profit possible.

Marketing 252
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Inflation Reaches 40-Year High in January

Eye on Housing

Consumer prices continued to accelerate in January due to higher food, electricity and housing costs. This was the largest year-over-year gain since February 1982. This higher-than-expected inflation may push the Federal Reserve to become more aggressive and raise the federal funds rate at a faster pace. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose.

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11 Charities and Organizations That Do Donation Pickups For Free

Maximum Exposure Real Estate

Donate to Charity Are you in the process of selling your home? Do you need a donation pick-up? Maybe you are trying to eliminate the clutter that will make your property far more salable? Could you be trying to downsize, or perhaps try to clear out some room for things that fit your current lifestyle […]. The post 11 Charities and Organizations That Do Donation Pickups For Free appeared first on Massachusetts Real Estate Exposure.

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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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Mortgage rates blow past industry predictions

Housing Wire

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Economists had predicted rates would rise as the overall economy stabilized. The latest mortgage rate survey from Freddie Mac puts rates for the 30-year fixed-rate mortgage at 3.69%, while the average rate in the latest mortgage application survey from the Mortgage Bankers Association was 3.83%.

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Weeksville’s Long Awaited ‘In Pursuit of Freedom’ Exhibit Set to Open During Black History Month

Brownstoner

It has been years in the making, and this weekend as tours of Weeksville's historic Hunterfly houses resume, visitors will be able to get a glimpse of the completed 'In Pursuit of Freedom' exhibit. Set inside the only reproduction house amidst the row of original 19th century dwellings that are… Read More > The post Weeksville’s Long Awaited ‘In Pursuit of Freedom’ Exhibit Set to Open During Black History Month appeared first on Brownstoner.

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Inside a Pacific Heights Penthouse

Sotheby's International Real Estate

Long one of San Francisco’s most coveted neighborhoods, prestigious Pacific Heights is celebrated for its verdant parks, the famed Lyon Street Stairs, and popular boutiques and cafés—but it is perhaps most widely admired for its historic, architecturally significant estates with manicured lawns and sweeping picturesque vistas of the bay. San Francisco, California | Gregg Lynn, Sotheby’s International Realty – San Francisco Brokerage.

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Will rising interest rates impact VA loans for first-time homebuyers?

Housing Wire

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a first-time homebuyer (FTHB). . Last year, mortgage interest rates reached record lows. The average VA FTHB’s interest rate was 2.90% and the quarterly FTHB VA purchase loan volume stayed elevated. In Q3 2021, it reached a record level of over $19 billion for that quarter, $174 million higher than Q3 2020.

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Don’t Let Student Loans Delay Your Homeownership Dreams

Keeping Current Matters

If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans.

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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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Simple Ways to Save Energy and Money

Coldwell Banker

Going green is a great way to minimize waste, help the environment, reduce your energy bills and just live healthier. The post Simple Ways to Save Energy and Money appeared first on Coldwell Banker Blue Matter.

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Locals Push City to Create Permanent Public Plaza at Greenpoint Intersection Near McCarren Park

Brownstoner

North Brooklynites are trucking along in their mission to make “Banker’s Anchor,” a triangle of land at North 15th and Bank streets, into a public plaza. At just over 5,000 square feet, the spot doesn’t seem like much, but it became a popular gathering place for the neighborhood, especially during the… Read More > The post Locals Push City to Create Permanent Public Plaza at Greenpoint Intersection Near McCarren Park appeared first on Brownstoner.

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Investor accuses Rocket’s Dan Gilbert of insider trading

Housing Wire

Dan Gilbert is the target of a new insider trading lawsuit. A Rocket Companies ’ investor filed a stockholder derivative complaint on Monday that accuses the company’s chairman of using non-public information to sell stocks and avoid material losses. In total, the lawsuit claims that Gilbert pocketed $500 million by selling company stock before reporting poor earnings and guidance.

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Real Estate Marketing On TikTok

Easy Agent Pro

If you think that TikTok is just for teenagers think again. It’s true that younger users are the largest demographic using this video app. But, there are also significant numbers of Gen X, Gen Z, and Millennial users on TikTok also. And smart real estate agents on jumping on the TikTok marketing for real estate trend to reach new buyers. What Is TikTok?

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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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Upward Trends: Sky-High Luxury in 4 U.S. Venture Capital Hubs

Sotheby's International Real Estate

The prevalence and prestige of venture capital is growing globally, yet the opportunity in the U.S. is still unique. Investment reached a record high in 2020, with $166.6 billion across 12,173 deals nationwide—but that record was utterly shattered just one year later, with 17,054 deals worth $329.6 billion. According to analysts, these upward trends could continue for some time.

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6 Landscaping Trends That Can Help Increase the Value of Your Home

Coldwell Banker

Sure, location is important, but the three Ls in real estate are landscaping, landscaping, and landscaping. The post 6 Landscaping Trends That Can Help Increase the Value of Your Home appeared first on Coldwell Banker Blue Matter.

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As the market shifts to purchase, LOs get creative

Housing Wire

Maryland has over a dozen Eastern European stores that sell products like caviar, pumpernickel bread and salo, a Ukrainian-style bacon. Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. Just before a customer buys a container of pre-made Borscht, they see Naumovych’s business cards and flyers that lay neatly near the checkout area.

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Minimum Credit Score to Buy a House

Maximum Exposure Real Estate

What Credit Score Do I Need to Buy a Home? Are you interested in knowing the minimum credit score needed to buy a house? It is one of the most common mortgage questions among first-time home buyers. As you’ve probably guessed, your credit score is one of the essential factors in purchasing a house. Buying […]. The post Minimum Credit Score to Buy a House appeared first on Massachusetts Real Estate Exposure.

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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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Soaring Construction Costs Drop Housing Affordability to Lowest Level in a Decade

Eye on Housing

Supply-chain bottlenecks that put upward pressure on home prices along with rising interest rates contributed to housing affordability falling to a 10-year low. The likelihood of higher interest rates in the months ahead (as the Federal Reserve moves to tighten interest rates) along with ongoing production challenges threaten to drive housing affordability even lower in 2022.

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Create The Perfect Home Gym

Coldwell Banker

Jumpstart your fitness goals and work up a sweat in the comfort of your own home. The post Create The Perfect Home Gym appeared first on Coldwell Banker Blue Matter.

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Ron Terwilliger on how to make more affordable housing

Housing Wire

America suffers from a severe shortage of affordable homes. This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 million homes. Policymakers are rightly focused on helping people afford to purchase or rent a home through down payment assistance, housing vouchers and other programs. The unfortunate truth is that too many households lack sufficient income to cover their housing needs, a situation exacerbated today by high inflation.

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San Diego is #1

BubbleInfo

San Francisco is no longer the nation’s least affordable metro area, being surpassed by San Diego, it’s neighborhood to the south. The latest OJO Labs unaffordability report saw San Diego bypass both San Francisco and Los Angeles to become the nation’s least affordable metro by comparing median home price to local incomes. The median home […].

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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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Former Downtown Brooklyn Woolworth’s Gets New Look, New Discount Store

Brownstoner

The remake of the former Fulton Street F.W. Woolworth store is complete and the building, which once had a streamlined Art Deco limestone facade, is now wrapped in gray and bright blue panels and a new discount retailer has taken over the upper floor. The new look resembles the Gap… Read More > The post Former Downtown Brooklyn Woolworth’s Gets New Look, New Discount Store appeared first on Brownstoner.

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Some Homebuyers Are Regretting Their Decisions, but You Can Avoid It

Lighter Side of Real Estate

The last thing you want to do is regret buying a house. It’s typically the largest purchase you make, and something you have to live with (and in ) for some time. But people regret buying houses so often, it has a fancy term that gets thrown around—“buyer’s remorse.” Whether it’s that they feel like they spent too much money, they bought in the wrong neighborhood, bought the wrong house, or worry that the house is too small, it’s common for people to regret buying the house they bought.

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Is it really the worst time ever to buy a house in the U.S.? 

Housing Wire

During 2021 and into 2022, the surveys on whether it’s a good time to buy a house have simply collapsed. This did ring some alarm bells last year as many housing crash addicts used the results of Fannie Mae’s Home Purchase Sentiment Index to call for an epic crash in the second half of 2021. That didn’t end well, but let’s take a deeper look at what is happening here.

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Wire Fraud

BubbleInfo

Written by Richard Hopen from COMPASS Short Hills NJ: When my wife and I sold our house in 2017, our $239,000 mortgage payoff was stolen. The money was never recovered. We were victims of real estate wire fraud. I’m not only a victim, I’m also a real estate agent and lawyer. And shame on me […].

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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.