Sat.Jul 02, 2022 - Fri.Jul 08, 2022

Home price growth expected to dip as demand normalizes

Housing Wire

Home price appreciation, which skyrocketed during the pandemic, is showing signs of slowing, according to a monthly report published by CoreLogic Tuesday. In May, home prices increased by 20.2% year-over-year, the report said.

Is Homeownership Still the American Dream?

Keeping Current Matters

Defining the American dream is personal, and no one individual will have the same definition as another. First Time Home Buyers For Buyers

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Property Taxes Make Up More Than One-Third of State and Local Tax Revenue

Eyes on Housing

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $672.9 billion in taxes were paid by property owners in the four quarters ending Q1 2022 (not seasonally adjusted), a 0.1% quarterly increase.[1] 1] State and local governments collected $1.9

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The storied history of Villa Carlotta in Los Angeles, an Old Hollywood treasure

Fancy Pants Homes

After an extensive renovation brought new life into L.A.’s ’s iconic Villa Carlotta, the 1920s Italianate villa gloriously returned to market in 2018 as its founders intended — in the form of a swanky extended-stay residential with minimum 30-day lodging.

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 this webinar, Keller Williams Team Leader Trey Willard will teach you how to create a winning tech stack, and how to leverage apps for real estate success.

Sprout Mortgage to shutter

Housing Wire

Non-QM lender Sprout Mortgage is shutting down operations, multiple workers said on Wednesday. The company informed workers of the shut down in a conference call on Wednesday, a former staffer said.

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Hispanics Comprise 61% of the Construction Workforce in Texas

Eyes on Housing

The earlier June post highlighted the rising number and share of Hispanics in the construction industry. Hispanics now account for almost a third of the construction workforce, according to the 2021 Current Population Survey.

Canada’s Most Expensive Real Estate Market Is Dropping An Average of $2,200 Per Day

Better Dwelling

Canadian real estate prices got a big boost from central bank stimulus, sparking a speculative frenzy. That frenzy is coming to an end fast, with more than half of major markets off peak. A pullback is expected after rapid price increases for real estate markets.

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Redwood Trust finalizes acquisition of lender Riverbend 

Housing Wire

Specialty finance company Redwood Trust Inc. has completed its acquisition of bridge lender Riverbend Funding LLC , which has a funded portfolio of more than $1.5 billion single-family and multifamily loans nationwide.

Happy Independence Day

Keeping Current Matters

Holidays Infographics

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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.

Higher Rates Reduce Mortgage Demand

Eyes on Housing

Per the Mortgage Bankers Association’s (MBA) survey through the week ending July 1, total mortgage activity decreased, with the 30-year fixed-rate mortgage (FRM) rate reaching 5.8% on average.

Canadian Real Estate Prices To See The Sharpest Drop In Global Downturn: Goldman

Better Dwelling

A global real estate correction has kicked off and Canada is expected to lead lower. That was the message from Goldman Sachs (GS) Research’s latest client note on rising rates. Excessively low rates stimulated record home sales and a multi-decade high for inflation.

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Will mortgage lending get tighter in the next recession?

Housing Wire

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter.

Ask Brian: Is a Real Estate Agent a Good Career Choice in 2022 and 2023?

Realty Biz

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com.

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

In this webinar, Mary Maloney will demonstrate a methodology that will help you create a pipeline with continuous prospects.

Construction Job Openings Leveling Off

Eyes on Housing

The construction labor market remains tight, but the total number of open construction sector jobs has likely reached a cyclical peak as economic activity slows in response to tighter financial conditions.

Mortgage and refinance rates today, July 5, 2022

The Mortgage Report

Today’s mortgage and refinance rates Markets were closed yesterday for Independence Day. And average mortgage rates fell last Friday, once again significantly. Last week was a seriously good one for […]. Mortgage Rates Now

Arrived Homes is riding the rising rental-property wave 

Housing Wire

Seattle-based real estate investment platform Arrived Homes is flush with cash after recently raising $25 million in a venture-capital funding round, and is working to expand its reach in the still-hot single-family rental market.

How to Save for Retirement as a Real Estate Agent

McKissock

It might seem difficult to save for retirement as a real estate agent when you’re not sure what your income will be from month to month, or when you don’t have an employer-sponsored 401(k). That doesn’t mean it’s impossible, however.

Become THE Social-Savvy Agent With This Free eBook

Close more deals from social media leads in 2022! This three-chapter eBook covers the fundamentals of building a digital strategy. You’ll hear from top industry experts and get exclusive insights into how you can become the social-savvy agent. Get your copy today!

Avoid These 7 Listing Photo Mistakes When Selling Your Home

Mandrona Group

A photograph can be worth more than a thousand words. This is especially true in real estate. You might have. Read More. Home Seller Real Estate Blog Seller Presentation

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Home inventory grows as more listings come onto the market

Realty Biz

Economists say the historic shortage of homes for sale is coming to an end, as more inventory is added to the market. Realtor.com reported that active listings of existing homes rose 19$ in June, the fastest rise since it began tracking the data five years ago.

Wyndham Capital Mortgage conducts two layoffs in June

Housing Wire

Less than a month after Wyndham Capital Mortgage said it planned to pink slip more than 40 employees, the consumer direct lender conducted another round of layoffs.

4 Ways to Help Manage Client Expectations

McKissock

Real estate transactions are similar to putting together a jigsaw puzzle. Every transaction involves multiple parties, motives, challenges, and timelines.

The Complete Realtor: Tools to Successfully Manage Your Personal Life, Career, and Health

Speaker: Marki Lemons Ryhal, REALTOR, Keynote Speaker, 4X International Best Selling Author, and Podcaster at ReMarkiTable, LLC

In this webinar, Marki Lemons Ryhal will teach you how you can pivot and succeed as a real estate agent in the face of adversity!

What is an Appraisal Contingency and Why Should I Care?

Maximum Exposure Real Estate

What is an Appraisal? Appraisals and appraisal contingencies are a normal part of most real estate transactions and the home buying process in general. When purchasing a home and getting a mortgage there will often be a real estate appraisal conducted.

10 Signs Your Real Estate Market Is Shifting

Realty Biz

It is not unusual for real estate markets to change. It happens all the time. Quite often real estate markets stay the same for quite a while and then something happens that causes a shift.

The key to attracting and retaining mortgage talent in turbulent times

Housing Wire

There have been multiple reports lately of layoffs within the mortgage industry, but some companies, like American Pacific Mortgage, continue to grow during this difficult time.

Real Estate Referral Fees: How They Work & Best Practices for 2022

The Close

A real estate referral fee is a portion of the commission paid to another real estate agent or broker in exchange for a client referral. A typical referral fee is 25% of the gross commission for a single side of a transaction.

The Only Business Plan You'll Ever Need in Real Estate

Overthinking your business plan? The old and tired process of building a 12-month business plan simply doesn’t make sense for the modern real estate business. Learn how to build one that will help you keep on track, stay nimble, and close more deals in 2022.