Fri.Oct 18, 2024

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One mortgage lender abandons the Florida condo market

Housing Wire

California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. In an email sent Friday morning, Provident said that it would “no longer be accepting new applications for condominiums ” effective that day. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m.

Mortgages 524
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Extension for 421-a Tax Break Could Add 71K Apartments

Brownstoner

By Adam Daly, Brooklyn Paper Governor Kathy Hochul announced Wednesday that an estimated 71,000 new apartments will be added to New York City’s housing stock after she extended the deadline for the 421-a affordable housing tax break. The extension allows for an additional six years to complete projects already in the… Read More > The post Extension for 421-a Tax Break Could Add 71K Apartments appeared first on Brownstoner.

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Reshaping appraisals: Jaro’s high-tech solutions innovate the appraisal process in an evolving real estate market

Housing Wire

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. With higher rates, lower transaction volumes usually plague the industry, translating to fewer appraisals as homeowners hunker down with their lower rates.

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Why Buying Now Is Worth It

Keeping Current Matters

You may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise.

Equity 324
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Ruoff Mortgage teams with Calque on ‘buy before you sell’ offering

Housing Wire

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage and the Contingency Buster will be available to Ruoff Mortgage borrowers via the company’s online platform and mobile app.

More Trending

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Fairway’s Steve Jacobson is ’focused on speed’ as he builds company culture

Housing Wire

In this week’s episode of the Power House podcast , HousingWire President Diego Sanchez speaks with Steve Jacobson, CEO of Fairway Independent Mortgage Corp. The pair explore best practices for building a company culture surrounded by humility and loyalty, growth strategies, community engagement and more. The duo also discusses Fairway’s status as a top 15 mortgage lender even after its decision to leave the wholesale channel.

As-is 448
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For one pandemic boom town, balance is returning

Real Estate News

Buyers flooded the Austin market a few years ago, sending home prices sky-high. Now, the market has come back to earth, but affordability is still an issue.

Marketing 269
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Flagstar Bank lays off 700, with 1,200 more to depart after asset sale to Mr. Cooper

Housing Wire

New York Community Bancorp (NYCB) this week announced that it rebranded to Flagstar Bank , laid off 700 employees and anticipated the transition of another 1,200 to Mr. Cooper Group as part of the sale of its third-party origination (TPO) business and mortgage servicing rights (MSRs). The changes come after NYCB, which concluded a merger with Flagstar in December 2022 and acquired some of Signature Bank ‘s assets in March 2023, faced a confidence crisis related to its commercial real estate port

Banks 448
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Veterans could drive homebuying demand in 2025

Real Estate News

A recent survey found that while both veterans and civilians are feeling more prepared to buy, veterans are more likely to purchase a home in the next year.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Home construction data offers glimmers of optimism — but with a caveat

Housing Wire

The number of housing units that came online in September showed a big year-over-year jump, but data on earlier stages of construction suggest not much is coming through the pipeline. That’s according to monthly data on new residential construction from the U.S. Census Bureau, which shows year-over-year declines in building permits (-5.7%) and housing starts (-0.7%).

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NAR breaks down listing agreements, how agent pay ties in

Real Estate News

The latest consumer guide covers different types of contracts between sellers and their agents, and the “fully negotiable” nature of agent compensation.

Agents 261
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The month in reverse mortgage rates: October 2024

Housing Wire

When older homeowners wish to access a portion of their equity, there are multiple options. Of course, selling the home is generally not desirable. A cash-out refinance is also not a prudent pathway for retirees. A refinance not only saddles the homeowner with a required monthly payment but will also typically result in a higher interest rate for those that refinanced in the last decade.

Mortgages 448
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‘Unfiltered’: Tech investors don't get ‘the nuances of our business’

Real Estate News

Watch the conversation with broker and proptech expert Heather Harmon, who discusses her time at Opendoor — and what tech companies get wrong about real estate.

Investor 254
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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ICE Mortgage Technology: An all-in-one solution for the modern mortgage market

Housing Wire

The mortgage industry today demands speed, accuracy, and satisfied customers. ICE Mortgage Technology presents their solution that also serves as an overhaul of the home financing process. They’ve built a digital platform that brings together loan origination , closing, servicing, and data analysis into an all-in-one mortgage solution. This comprehensive system is aimed at making life easier for lenders, servicers, and real estate professionals while giving borrowers a smoother, better exp

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A Renovated Bay Ridge Row House and More to See, Starting at $1.575 Million

Brownstoner

Our picks for open houses to check out this weekend are found in Carroll Gardens, South Midwood, Fiske Terrace, and Bay Ridge. They range in price from $1.575 million to $2.598 million. 21 2nd Street Price: $2.598 million Area: Carroll Gardens Broker: Century 21 (Arlene Waye) Sunday October 20, 2:30-4 p.m. See it here -> 761… Read More > The post A Renovated Bay Ridge Row House and More to See, Starting at $1.575 Million appeared first on Brownstoner.

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FHLBanks respond to FHFA report on affordable housing investments

Housing Wire

The Council of Federal Home Loan Banks (FHLBanks) lauded this week’s release of a report from the Federal Housing Finance Agency (FHFA), which highlighted the banks’ growth in support of affordable housing and community development efforts in 2023. The report detailed FHLBanks’ activity across several programs that include the Affordable Housing Program (AHP), the Community Investment Program (CIP), the Community Investment Cash Advance Program (CICA) and other “voluntary targeted mission-activi

Banks 430
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A 25-acre ‘tree house’ haven with an airplane guest room hits market

Inman

The unique getaway completed in 2010 by late craftsman and entrepreneur Reggie Whibley is on the market for $1.75 million. The hunt is on for a buyer who doesn't care about cell or internet service.

Marketing 190
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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The Fed’s monetary policy is stifling new construction

Housing Wire

Since mortgage rates have headed higher again, I was anticipating that today’s housing starts report would be the last decent print before the effects of higher mortgage rates hit the builders, but even this report was disappointing. We had a good few months of positive builder confidence data for the new home sector and positive purchase application data for existing home sales.

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9 ways to protect yourself and your home when storms come

Inman

While we cannot control a storm’s trajectory or outcome, writes broker Cara Ameer, there are some things we can do to lessen the stress.

Agents 190
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How To Sell A Home

BubbleInfo

Reader Jim G. made a couple of friendly comments on how Compass is handling our objection to the Clear Cooperation Policy. It followed what a big-mouth in L.A. said this week when he called the Compass explanation, ‘disingenuous’ We’re all struggling to describe the new world of home sales. It’s mostly because we liked the […] The post How To Sell A Home first appeared on bubbleinfo.com.

Sales 95
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Flagstar shedding 1,900 workers, but many could land at Mr. Cooper

Inman

A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company's mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper.

Land 187
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Increasing Biodiversity by Creating an Eco-Friendly Yard

Redfin

Courtesy of Native Gardens of Blue Hill In a world dominated by urban landscapes and monoculture gardens, the call for biodiversity has never been more urgent, and one of the first steps is creating an eco-friendly yard. Increasing biodiversity in your home and yard is not only a step toward environmental sustainability but also a way to cultivate a diverse, dynamic ecosystem right at your doorstep.

Design 59
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Breaking bad news: How to have tough client conversations

Inman

The energy you bring to client communication, Rachael Hite writes, can be the difference between a peaceful process and buyer or seller meltdown.

Agents 183
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Pending Home Sales Post Biggest Gain in Three Years—Have We Turned a Corner?

Bigger Pockets

Is the U.S. housing market finally emerging from the pandemic Ice Age-like conditions? There are signs that this may be the case.

Sales 126
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FootFallz hits high notes, but it’s a familiar tune: Tech Review

Inman

FootFallz is a mobile-first application that fastens the listing agent to their title rep and mortgage partners and marries productivity with new business generation.

Title 183
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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.