Sat.Jun 11, 2022 - Fri.Jun 17, 2022

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How mortgage lenders are navigating life at 6%

Housing Wire

The markets have been shaken to the core. And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. On Friday, the U.S. Consumer Price Index clocked an 8.6% increase year-over-year in May, 30 basis points above the consensus estimates – and enough for stock futures to sink and bond yields to soar. The price data has changed the expectations for the Federal Reserve ’s meeting on Wednesday, with the market betting on a 75 bps increase in interest rates (compar

Mortgages 382
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Home Price Deceleration Doesn’t Mean Home Price Depreciation

Keeping Current Matters

Experts in the real estate industry use a number of terms when they talk about what's happening with home prices.

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27 Real Estate Flyer Templates You Can Use to Boost Your GCI

The Close

Real estate flyers play an active (and visible) role in most top producers’ marketing strategies. Having a stable of well-designed, easily editable real estate flyer templates at the ready is key when you’re hosting events, listing a property for sale, or actively recruiting clients. We’ve pulled together a list of our top seven providers of real estate flyer templates.

Design 98
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Been Waiting to Sell and Buy a “Move-Up” Home? Now May Be the Perfect Time!

Lighter Side of Real Estate

Most people don’t buy their “forever house” right out of the gate. It’s hard to afford a home that has the size and amenities you want on your first (or even second) purchase. So most people start out with something a little smaller, needing some work, or not in their ideal location. The plan is usually to spend a few years in it, then sell it to buy a bigger, better home in your ideal neighborhood once you’ve built up some equity.

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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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Notarize lays off 25% of its workforce

Housing Wire

Notarize CEO, Pat Kinsel publicly announced that his firm had laid off 25% of its workforce (110 employees) in a Twitter thread on Wednesday. This is the second time the 7-year-old, Boston-based remote online notarization (RON) firm has undergone layoffs. In 2019, Notarize was forced to undergo layoffs after financing fell through. “We are exceptionally proud of the team we’ve built and they are leaving through no fault of their own – they are truly the best of the best.

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What Do Home Buyers Buy after Moving

Eye on Housing

NAHB analysis of Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics shows that during the first year after closing on a home sale, home buyers tend to spend considerably more money on furnishings, appliances and remodeling compared to non-moving owners. Buyers of new homes spend most, spending four times as much as non-moving owners and twice as.

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6 Critical Questions to Ask When Buying Land

Realty Biz

Things to Find Out Before Purchasing Land. Performing due diligence is vital when purchasing a home. It is even more crucial when buying a building lot. Buying land can be an exciting and profitable investment. However, it is important to ask questions and get advice before making a purchase. Real Estate agents are asked important questions all the time as it pertains to land.

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How the Fed’s rate hike will affect the housing market

Housing Wire

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand.

Marketing 414
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More Americans Choose Real Estate as the Best Investment Than Ever Before

Keeping Current Matters

Americans’ opinion on the value of real estate as an investment is climbing.

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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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Rapidly Rising Building Materials and Freight Prices Push Construction Costs Higher

Eye on Housing

The prices of goods used in residential construction climbed 1.8% in May (not seasonally adjusted) and have increased 19.4%, year-over-year, according to the latest Producer Price Index (PPI) report. Prices have surged 40.4% since January 2020. Building materials (i.e., goods inputs to residential construction, less energy) prices have increased 5.4%, year-to-date, and are 36.3% higher than they were in May.

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Inventory Watch

BubbleInfo

The number of active listings keeps climbing, which is expected. The likelihood of getting the list price wrong has probably never been higher, given that sellers have been planning their move for months – and they are going to test it out to see if they can get lucky, rather than adjust the price pre-maturely. […].

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Wells Fargo’s rapidly shrinking mortgage business

Housing Wire

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. Wells Fargo Chief Financial Officer Mike Santomassimo said higher interest rates have greatly reduced the refinancing market – currently down about 82% from the prior year – and home affordability remains a challenge in the purchase market. “As you would expect, you’re seeing the refinance volume fall significantly — no surprise,” he s

Mortgages 404
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How Artificial Intelligence is Affecting First-Time Home Buyers

Realty Biz

Technology allows us to take new approaches to old problems, and these approaches are faster, easier, and yield better results. This is as true in the real estate industry as any other – in a realm where buying and selling homes used to require lots of hard work, innovations like the internet, artificial intelligence , and mobile computing have made the process much less strenuous than it was in the past. .

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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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Inside Emma Stone’s Enchanting Malibu Hideaway

Sotheby's International Real Estate

Just off a winding cliffside lane in Malibu’s tony Big Rock neighborhood, a white wooden gate just off the drive of a low-slung midcentury modern home recalls the access point to some fictional realm—the wardrobe doors to Narnia or Alice’s entrance to Wonderland. This gate, in fact, opens to reveal a picture-postcard view of thriving coastal hedges and native trees, above which the majestic Pacific Ocean stretches out past city lights and Catalina Island toward the horizon.

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Generational Wealth Transfer

BubbleInfo

Are you wondering if our local housing market could maintain current pricing – or even go higher? It’s possible, and if it happens, a major reason will be baby boomers pitching in to help their kids buy a home. Compare the 2018-2022 era to what’s expected to happen over the next 20 years (chart above). […].

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Fed hikes rates by 75 bps, the largest increase since 1994

Housing Wire

The Federal Reserve (Fed) on Wednesday did something it hadn’t done in more than two decades: it raised the federal funds rate by 75 basis points, to 1.50-1.75%, a hike not seen since 1994. The decision, designed to slow the pace of inflation, which reached 8.6% in May for the highest mark in more than 40 years, has potential to increase the cost of mortgage borrowing. “Overall economic activity appears to have picked up after edging down in the first quarter,” The Federal Open Marke

Mortgages 370
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Why We Believe the Future of Offers is All-Cash

HomeLight

At HomeLight, we believe the future of real estate lies in the hands of the best agents across the country. . In January 2020, we launched HomeLight Cash Offer ® mere weeks before the COVID-19 pandemic hit. And the months and years that followed have seen record-setting inventory shortages, a steep growth in home values, and intense bidding wars — perhaps one of the most volatile periods our industry has ever seen. .

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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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Making a Splash: 5 Idyllic Waterfront Homes

Sotheby's International Real Estate

From Cape Cod to California, these five waterfront homes are buoys for modern-day living, offering enviable views and the soothing sounds of harbor, river, and ocean waters from West Coast to East. Chatham’s First Light. Jeffrey Marcus | Sotheby’s International Realty – Osterville Brokerage. Although it brings to mind a vintage Shingle-style cottage, this timeless getaway on a high ocean-facing site minutes from Chatham Village was designed and built in 2017.

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You must optimize in order to maximize in the world of social media

The American Genius for Real Estate

(MARKETING) We all know that social media is a must for branding. Enhance your reach by implementing social media organization and optimization. The post You must optimize in order to maximize in the world of social media appeared first on The American Genius Real Estate.

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Compass and Redfin make cuts amid volatile market

Housing Wire

On Tuesday, the other shoe dropped. With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. Redfin CEO Glenn Kelman said the brokerage/listings platform made the tough decision to lay off 470 workers across several divisions, including its engineering department.

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Mortgage and refinance rates today, June 16, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates fell significantly yesterday. True, those for conventional 30-year, fixed-rate mortgages remain just above 6% by some counts. But the decrease was very […].

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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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Very Vogue: Greta Garbo’s Longtime Apartment in New York Lists for $7.25 Million

Fancy Pants Homes

The former New York City home of one of old Hollywood’s brightest stars has just hit the market. Greta Garbo, the stunning Swedish-born actress who graced the big screen in the 1920s and 1930s, lived in the swanky Midtown East suite from 1953 until she died in 1990. Known for her melancholic, somber persona, the Academy Award-nominated actress originally purchased the posh pad with breathtaking water views since it reminded her of her beloved homeland.

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Offline Real Estate Marketing Strategy 101

Agent Fire

With online real estate marketing dominating the industry, agents have forgotten how powerful and effective offline marketing can be! Here are the tried-and-true offline marketing strategies that help you engage with your community and prospective clients in a unique, personal way. Offline Real Estate Marketing Strategy 101 is just one of many great real estate strategies on The Spark.

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About 82% of origination comes from purchase mortgages

Housing Wire

Overall mortgage rate lock took a hit in May, led by a drop in refinance activity, both for rate-term refis and cash-outs. In a higher rate environment, lenders were more reliant on the purchase market for origination volumes. Rate locks were down 4.8% last month, according to Black Knight ’s monthly mortgage originations market report. Purchase locks, which are not as rate-sensitive as refinancings, accounted for 82% of the entire share of rate locks in May, the largest slice since Black Knight

Mortgages 382
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54 Cheap Home Staging Ideas

Easy Agent Pro

Staging a home is a great way to increase curb appeal and help potential buyers picture themselves living in the space. There are many financial benefits to taking the time to stage a home. You can do this as well without breaking the bank. Let’s share 54 cheap home staging ideas to increase sales and get your property sold. . The Benefits Of Home Staging.

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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.