Housing Wire

OCTOBER 24, 2022

The Federal Housing Finance Agency (FHFA) on Monday announced that it is replacing the Classic FICO credit model, which Fannie Mae and Freddie Mac have relied on for nearly 20 years, for the FICO 10T and VantageScore 4.0. “They will provide more accurate credit scores, and we believe the market, including investors, will be provided with an improved understanding of risk from not just one but two different credit score models,” Sandra Thompson, the FHFA’s director, said during

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Finance Investor Technology Mortgages 437

Keeping Current Matters

OCTOBER 24, 2022

If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved.

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Pre-approval 192

Realty Biz

OCTOBER 24, 2022

The US real estate market is worth an estimated $226.8 billion in 2022 , making it a prime target for cybercriminals looking to make a quick buck by hacking into databases and stealing information on properties that are up for sale or rent. With so much at stake, cyber attacks can be particularly devastating for realtors. Unfortunately, not everyone is sure how to actively protect their business against it.

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Agents Commercial As-is Sales 92

Eye on Housing

OCTOBER 25, 2022

After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of the year, respectively. A possible factor behind this trend is that the inventory of new homes for-sale is 25% higher.

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New Construction Construction Sales As-is 121

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HomeLight

OCTOBER 24, 2022

A stunning, well-appointed kitchen makes cooking and entertaining a breeze. Plus, upgrading the heart of the home attracts buyers and helps raise home value. But before you can host your next dinner party in your dream kitchen, you’ll have to drum up the cash for upgrades. So just how much is it to remodel a kitchen? Here’s the short answer: According to Harvard University’s Center for Joint Housing Studies, homeowners spend an average of $6,329 for a minor kitchen update and $42,816 for a major

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Renovation Loans Equity Design 123

Redfin

OCTOBER 24, 2022

When it comes to selling your house, one of the most important things you can do is upgrade the look of your home. Like a job interview, a strong first impression can make all the difference, so you want to make sure your home is “dressed to impress.” That’s where staging comes in. To ensure that your house looks its best for potential buyers, here are some tips for staging a house on a budget. 1.

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Staging Design As-is Agents 59

Notorious ROB

OCTOBER 24, 2022

This will be a quick one. Just had lunch with a friend and client who has been a broker for decades. We got to talking about what we both think is headed our way in the next several quarters. Basically, doom for real estate in a variety of ways as the Fed tries its best to kill the economy — particularly buying homes. We got to talking about comparisons of what we expect to see in 2023 vs. what we both saw in 2008.

Brokerage 88

Brokerage Bankruptcy Property Management Title 88

Eye on Housing

OCTOBER 24, 2022

The share of adults planning a home purchase within a year rose to 15% in the third quarter of 2022, up from 13% in the first half of the year. The marginal increase suggests that the prospect of higher mortgage rates in the near term may be leading a small segment of consumers to consider the purchase of a home.

Mortgages 96

Mortgages 96

Real Trends

OCTOBER 24, 2022

“Autumn shows us how beautiful it is to let things go.” As we dive deep into the fourth and final quarter of yet another strange and unpredictable real estate year, this is a great time to pause and reflect. Then, buckle up, and finish strong with a solid pipeline going into 2023! As someone who supports and coaches a lot of real estate agents, this has been an emotional pivot: navigating terminating deals , quickly-changing affordability, and of course a rapid decrease in production

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Technology Marketing Agents Staging 78

Housing Wire

OCTOBER 28, 2022

Pending home sales continued their downward spiral in September, recording a 10.2% month-over-month decline that resulted in an index reading of 79.5, according to data released Friday by the National Association of Realtors. This is the fourth consecutive month of declines. Pending home sales have now fallen in 10 of the last 11 months. Economists predicted that pending home sales would drop by 4.0% in September.

Sales 523

Sales Banks Mortgages Loans 523

Advertiser: Trellis

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.

Loans

Keeping Current Matters

OCTOBER 27, 2022

If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today.

Marketing 203

Marketing 203

BubbleInfo

OCTOBER 27, 2022

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC Average and Median Prices by Month Month # of Sales Avg. LP Avg. SP Median LP Median SP Feb 224 $2,298,797 $2,257,334 $1,719,500 $1,758,000 March 252 $2,295,629 $2,260,524 $1,800,000 $1,825,000 April 357 $2,396,667 $2,403,962 $1,799,900 $1,828,000 May 300 $2,596,992 $2,581,715 $1,900,000 $1,994,500 June 348 $2,509,175 $2,537,953 $1,900,000 $1,967,500 July 311 $2,421,326 $2,442,738 $1,795,000 […].

Sales 129

Sales 129

GeekEstate

OCTOBER 25, 2022

In this week’s founder interview, we’re bringing you Melinda Witmer from Foiye. Without further ado…. Who are you and what do you do? My name is Melinda Witmer and I’m the founder & CEO of Foiye, a new social entertainment platform for the home, design, and real estate enthusiast. Before founding Foiye, I spent 25 years in senior leadership roles at Time Warner Cable (now Spectrum) and HBO.

Design 123

Design Technology Agents As-is 123

Housing Wire

OCTOBER 28, 2022

More than 18 months after the planned merger was announced, Flagstar Bank and New York Community Bank on Friday received approval by the Office of the Comptroller of the Currency. The depository banks, which first announced plans 19 months ago, extended their agreement to merge from Oct. 31 to Dec. 31, but still require the approval of the Federal Reserve.

Banks 417

Banks Lending Mortgages Finance 417

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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.

Sales

Keeping Current Matters

OCTOBER 26, 2022

With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble.

Marketing 230

Marketing 230

Sotheby's International Real Estate

OCTOBER 24, 2022

????. Sotheby’s Luxury Week, a sale series that showcases the best of the best in each discipline, elevates luxury to the level of art. Encompassing Jewelry, Watches, Collector Cars, Designer Handbags, Sneakers and Wine, this sale series is a testament to the new definition of luxury and the evolving role played by auction houses in the sector. Explore the extraordinary pieces on offer through November 15.

Design 121

Design Sales 121

Fancy Pants Homes

OCTOBER 26, 2022

Originally a 19th-century book bindery factory, the building at 443 Greenwich Street in New York City is now one of the most luxurious apartment buildings in town. This boutique condo in Manhattan’s sought-after Tribeca neighborhood is dubbed the “paparazzi proof” building, a unique trait that appealed to a long list of celebrities including Justin Timberlake and Jessica Biel, Ryan Reynolds and Blake Lively, and Jennifer Lawrence, to name just a few.

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Residential As-is Design Closing 115

Housing Wire

OCTOBER 28, 2022

As the mortgage industry faces the realities of rising interest rates, savvy lenders are shifting gears towards the potential profitability of home equity lending. HousingWire recently spoke with Paul Harris, SVP of sales at DataVerify, about capitalizing on the home equity market with the help of automated tech solutions and mutually beneficial partnerships.

Equity 417

Equity Lending Technology Industrial 417

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.

Agents

Keeping Current Matters

OCTOBER 25, 2022

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before.

Marketing 198

Marketing 198

The Residential Specialist

OCTOBER 24, 2022

As the real estate market shifts, expert agents share what the industry will look like heading into 2023. By Caroline Heller. 2022 marked the beginning of the end for what was an unprecedented seller’s market. Mortgage interest rates climbed from around 3% to above 5%, and by June 2022 inflation had reached its highest annual rate since November 1981.

Marketing 111

Marketing FHA loan Loans Closing costs 111

Fancy Pants Homes

OCTOBER 25, 2022

Former Light Heavyweight Champion Jacob ‘Tito’ Ortiz has strong ties to his hometown, the surf-friendly seaside city of Huntington Beach. The Southern California city has been his home for most of his life, it’s the place where his business is based — Ortiz is the CEO of Punishment Athletics MMA equipment and clothing line — and he even ran it for a while: Tito Ortiz briefly served as Huntington Beach’s mayor pro tempore in 2021 , before resigning 6 months later.

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Title As-is Marketing Sales 111

Housing Wire

OCTOBER 28, 2022

All Things Housing. HousingWire Annual is where the community from across the housing ecosystem comes together to share strategies, drive business, discover new technologies, discuss best practices, and meet industry leaders. During this year’s conference, content spoke to questions about the economy, how to build a winning team, and attract a community of loyal customers.

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Title Lending Finance Development 407

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.

Agents

Maximum Exposure Real Estate

OCTOBER 25, 2022

The Ultimate Guide to Shared Driveways If during your home shopping, you come across a property with a shared driveway, there is a good chance you will have some questions before you decide to purchase. The automatic question from most buyers is, “how do shared driveways work”? The other question I often hear as a […]. The post What to Know About A Shared Driveway appeared first on Maximum Real Estate Exposure.

As-is 113

As-is 113

Sotheby's International Real Estate

OCTOBER 27, 2022

Stylish, innovative, disruptive—while this is how one might describe the allure of non-fungible tokens (NFTs), they’re qualities that are also in high-demand for luxury property buyers. . NFTs are digital assets, often in the form of art, with their uniqueness as the driving force behind their value. Most exceptional luxury homes are also coveted for their singularity, whether due to a rare location, unparalleled architecture, or distinctive design.

Design 110

Design As-is 110

Fancy Pants Homes

OCTOBER 28, 2022

As one of the most successful women in Hollywood, it seems like there’s nothing Gwyneth Paltrow can’t do. From starring in the biggest Marvel blockbusters to launching her wellness and lifestyle company, Goop, to landing a Netflix show centered around her company’s philosophy, the Iron Man actress is downright unstoppable — and raking in millions of dollars in the process.

Marketing 110

Marketing Branding Land As-is 110

Housing Wire

OCTOBER 28, 2022

This panel will explore the power of mentorship and allies among women within lending and real estate and the benefits that these relationships can have for both junior-level and executive women in the industry. How can this relationship help support emerging leaders and balance out a male-driven industry? In what ways can those in the industry help to create an environment that sets women up for success and allows for a sustainable, long-term career?

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Lending Industrial Mortgages Marketing 407

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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.

Agents

Lighter Side of Real Estate

OCTOBER 27, 2022

Home and Garden Television, better known as HGTV, is a great way to get your real estate fix without leaving the comfort of your own home. You can vicariously sell a house, buy a house, flip another, and go look for a vacation home in the matter of a couple of hours. It can almost make you feel like a real estate expert if you’re not careful! The next thing you know, you’ll be getting up off the couch and becoming a real estate agent.

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House Flipping Agents As-is 109

Sotheby's International Real Estate

OCTOBER 28, 2022

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Los Angeles, California | Sotheby’s International Realty – Pacific Palisades Brokerage. Comedian Carol Burnett used the 13th floor unit at the Wilshire as a pied-à-terre. Carol Burnett’s Longtime Los Angeles Home Lists for $4.2 Million – Wall Street Journal.

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Brokerage Sales Marketing 106

BubbleInfo

OCTOBER 27, 2022

The biggest fear for the North San Diego County coastal region is a meltdown in Bay Area prices. It’s been estimated that 50% or more of the buyers who were bidding up homes here during the frenzy are from the Bay Area, and Silicon Valley in particular. If prices were to drop 23% to 30% […].

Marketing 105

Marketing 105

Housing Wire

OCTOBER 24, 2022

Ginnie Mae President Alanna McCargo on Monday announced changes to the re-pooling seasoning requirement for re-performing loans, which it says will increase issuer liquidity. The government mortgage insurer will shorten the seasoning requirement from six months to three months and allow issuers the option to pool re-performing loans into TBA-eligible Ginnie Mae II Multi-Issuer Pools.

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Loans Mortgages Industrial Marketing 406

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.

Sales