Sat.Nov 19, 2022 - Fri.Nov 25, 2022

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Mortgage Rates Will Come Down, It’s Just a Matter of Time

Keeping Current Matters

This past year, rising mortgage rates have slowed the red-hot housing market.

Mortgages 215
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With buyers on the sidelines, real estate agents play the long game

Real Trends

Johnson Tsai’s business is usually 50-50: evenly split between representing buyers in and doing rental deals in New York City. Soaring mortgage rates has changed that dynamic. . “Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” said Tsai, an agent at brokerage REAL New York. Tsai expects this trend to continue into 2023 and likely widen when New York City’s rental market picks back up in the early spring.

Agents 100
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The Value of Pay Per Click Campaigns in Real Estate

Realty Biz

With the rise of digital marketing and social media, Pay Per Click (PPC) campaigns have become an important part of any online strategy for real estate businesses. PPC is a form of online advertising where a business pays a specific amount every time someone clicks on their ad. In this blog post, we'll be discussing how PPC campaigns can benefit real estate agents in their efforts to attract new clients and sell more houses.

Agents 93
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FinCEN expands GTOs on all-cash real estate transactions

Housing Wire

In late October, the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Treasury Department , announced its decision to again expand its Geographic Targeting Orders (GTOs). The new requirements go into effect on November 25, 2022, and the terms of the GTOs are effective through April 2023. In addition to Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco, Washington, D.C., Northern Virginia and Ma

Title 388
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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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New Single-Family Home Size Trending Lower

Eye on Housing

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. During the housing boom after covid, this led to a rise for new single-family home size. However, as the housing market weakens on lower affordability conditions this trend appears to be reversing. According to third quarter 2022.

More Trending

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Are Lower Mortgage Rates a Holiday Gift for Homebuyers—or a Temporary Reprieve?

Realtor.com

Design by Realtor.com / Getty Images (2) The drumroll of bad tidings in the housing market was interrupted last week by a glimmer of good news. Finally. Soaring mortgage interest rates, which have caused deep financial pain for many homebuyers and led to a freeze in the housing market, dropped by about half of a percentage point last week. They fell from above 7% to 6.6% for 30-year fixed-rate loans in the week ending Nov. 17, according to Freddie Mac.

Mortgages 103
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HUD to allow borrowers of FHA mortgages to obtain private flood insurance

Housing Wire

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. . The U.S. Department of Housing and Urban Development , through the FHA, announced on Monday that the change will go into effect on December 21, 2022.

FHA loan 369
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A Relationship Between Housing and Inflation

Realty Biz

Whether it is rent or mortgage payments, housing is the single biggest chunk of spending for the average consumer. That means housing has an outsize impact on overall inflation from month to month. So, after many months of near-historic levels of inflation and now early indications that inflation is slowing, what might we expect from the relationship between the two over the next several months to a year?

Mortgages 105
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Gas vs. Electric Stove: Sustainability, Cost, and Maintenance Debunked

Redfin

If you’re in the market for a new stove, choosing a replacement can be challenging. Along with size, brand, and aesthetic, an important decision is deciding which fuel source you want it to use. Both have their advantages and disadvantages, especially when it comes to sustainability and price. For example, gas stoves are more polluting than electric, but natural gas is generally cheaper than electricity in many areas of the country.

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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 Buyers Need To Know About the Inventory of Homes Available for Sale

Keeping Current Matters

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market.

Sales 209
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Buydowns become key for buyers to beat the market

Housing Wire

It’s a terrible time for homebuyers. Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. By taking advantage of the 2-1 temporary rate buydown, Davis was able to lower her 7.25% mortgage rate by 2% in the first year and by 1.5% in the second year.

Marketing 464
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Canadian Real Estate Prices To Fall 30%, Early Stages of Recession Are Here: Ox Econ

Better Dwelling

The outlook for Canadian real estate, and the economy in general, is looking a little less bright. Oxford Economics warned clients this week, that we’re already seeing the early stages of a recession. Higher rates to cool inflation are pushing home prices much lower and prolonging the downturn. High inflation also means a stimulus windfall […].

Staging 142
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Gain for Custom Home Building

Eye on Housing

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded during the third quarter of 2022 despite broader market weakness. There were 59,000 total custom building starts during the third quarter of the year. This marks a 5% increase compared to the third quarter of 2021 in terms of year-over-year change.

Design 126
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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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What Homeowners Want To Know About Selling in Today’s Market

Keeping Current Matters

If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you.

Marketing 205
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Mortgage rates dropped again, so why are some borrowers on the sidelines?

Housing Wire

Recent declines in mortgage rates, which are due to a slowdown in inflation growth, have been enough to convince some borrowers to apply for new home loans, according to recent data on mortgage applications. . However, there are still forces pushing many borrowers — mainly lower-income buyers — to stay on the sidelines, industry experts say. . The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage slowed its downward trajectory this week, declining three basis point

Mortgages 457
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Canada Needs Lower Home Prices & Economic Stability Requires “Pain”: Bank of Canada

Better Dwelling

Canada’s got ninety-nine problems and mortgage debt is…. Over two trillion of them. Bank of Canada (BoC) senior deputy governor Carolyn Rogers addressed concerns about financial stability earlier today. She boiled it down to two major concerns that have been present for a long time, but are building up — household debt and housing. She […]. The post Canada Needs Lower Home Prices & Economic Stability Requires “Pain”: Bank of Canada appeared first on Better Dwelling.

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A Feast for the Eyes: 4 Inviting Dining Rooms

Sotheby's International Real Estate

Whether it’s the setting for a festive formal fête or a casual weeknight meal, the dining room is a key space in every modern home. From Fifth Avenue to the hills above the Napa Valley, these spaces encourage everyone to gather at the table in style. Hillside Haven in Napa. Hillary Ryan | Sotheby’s International Realty – St. Helena Brokerage.

Brokerage 123
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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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DJ Calvin Harris Relists His Huge Beverly Hills Home for $25M

Realtor.com

Getty Images / Realtor.com Cue the music! DJ Calvin Harris is playing a farewell tune to his massive mansion in Beverly Hills, CA. The property has hopped on and off the market since the beginning of the year, at the same whopping price of $25 million. But now seems to be the moment for Harris to list it again. The Scottish-born spin master is reportedly spending more time in Europe and likely has less need for this megamansion in his real estate portfolio.

Lending 119
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Demand for mortgages is on the rise as rates fall

Housing Wire

With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, rose 2.2% for the week ending November 18 after registering a 2.7% increase in the previous week.

As-is 393
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Most of Canada’s Peak Home Buyers With A Minimum Downpayment Are Underwater

Better Dwelling

The Canadian real estate bubble is bursting rapidly as rates rise, and peak buyers are in for a rough time. Canadian Real Estate Association (CREA) data shows the national market peaked in March 2022. We ran the numbers to see how much equity buyers from that month would have at this point. Most peak buyers […]. The post Most of Canada’s Peak Home Buyers With A Minimum Downpayment Are Underwater appeared first on Better Dwelling.

Equity 134
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Luxury Real Estate headlines: Fourth 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. Mykonos, Greece | Greece Sotheby’s International Realty. The oceanfront villa includes seven bedrooms, a wine cellar, a fully equipped gym and two pools. This Subterranean Mykonos Mansion Just Hit the Market at $7.6 Million – Robb Report.

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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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RE/MAX Premier team joins Coldwell Banker

Real Trends

Fourteen agents from Bear, Delaware-based RE/MAX Premier Properties joined the Wilmington, Delaware, office of Coldwell Banker Realty, based in Greater Philadelphia and Central Pennsylvania. The agents bring a combined $51 million sales volume in 2021. Jake Lipton, real estate broker and owner of RE/MAX Premier Properties, served the northern Delaware and southeast Pennsylvania countries for almost two decades.

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Inside Movement Mortgage’s acquisition plans

Housing Wire

Movement Mortgage CEO Casey Crawford and President Mike Brennan. Movement Mortgage’s deal to acquire top indie retail lender Mortgage Network marks a shift in the South Carolina-based company’s strategy. “Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. “But that’s changed: we’re now attracting bigger groups, bigger producers.” .

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Canadian Mortgage Borrowers Took The Bait, Now Their Costs Are Ripping Higher

Better Dwelling

Many Canadian mortgage borrowers are regretting walking into a low rate trap. Bank of Canada (BoC) data reveals a surge of borrowers over the past few years opting for variable rates. At the time, mortgage borrowers might have saved a few points over their fixed-rate peers. Now interest costs are making one of the most […]. The post Canadian Mortgage Borrowers Took The Bait, Now Their Costs Are Ripping Higher appeared first on Better Dwelling.

Mortgages 124
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How To Fend Off Porch Pirates—and the Other Home Mishaps That Can Ruin Your Holidays

Realtor.com

Getty Images Stuff happens! That’s especially true during the holiday season. With guests coming and going, the fireplace regularly blazing, and packages arriving at your front door by the truckload, this is a particularly precarious time. Now, new data reveals that fires, frozen pipes , and porch pirates (aka nefarious folks who sneak up to your doorstep and steal your packages) are among the most dreaded holiday-related mishaps, according to a survey from home security company SimpliSafe.

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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.