Keeping Current Matters

AUGUST 30, 2022

One of the biggest questions people are asking right now is: what’s happening with home prices?

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Marketing 306

Realty Biz

AUGUST 29, 2022

More than 5.6 million homes were sold in the United States alone in 2020. Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? Are there any benefits of short sales compared to other options?

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Short sale Sales Bankruptcy Banks 107

Eye on Housing

AUGUST 30, 2022

Home price growth decelerated in June and home prices grew at a single-digit annual rate for the first time in the past 23 months. As housing demand is softening, with declines for existing home sales and new home sales and weakened single-family starts, home price growth is expected to slow. In July, all the 20 metro areas experienced significant deceleration.

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Sales As-is Construction 122

Housing Wire

AUGUST 30, 2022

Add mortgage lender Mountain West Financial to the list of victims of the price war in the wholesale channel. The Redlands, California-based company informed its broker network last week that it has “made the difficult decision to take a step back from wholesale lending,” according to a spokesperson. Founded in 1990, Mountain will continue to serve retail and consumer direct clients throughout the Western United States.

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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.

Industrial

Keeping Current Matters

AUGUST 31, 2022

One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars.

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Marketing 249

Keeping Current Matters

AUGUST 29, 2022

If you’re a homeowner or are planning to become one soon, you’re probably looking for clear information about today’s housing market.

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Marketing 241

Redfin

AUGUST 30, 2022

The largest city in South Carolina, Charleston, also referred to as “The Holy City,” is well known for its cobblestone streets, historic charm, and waterfront views. With so many activities to do in and around the city, you may be struggling to figure out what to do first. If you’re looking for an activity that isn’t so touristy, this list is for you.

Land 66

Land As-is Marketing Sales 66

1000Watt

AUGUST 31, 2022

Why is so much real estate marketing, aside from listings, just faces and prices? The postcards roll into my mailbox like this: Impeccably dressed, smiling Realtor situated to the side of the latest neighborhood sale price. There’s a chart. A website URL. Phone number. She’s wearing a well-tailored dress. Designer shoes. She’s implying she made this price happen with her proprietary magic formula.

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Title Equity Sales Design 98

Housing Wire

SEPTEMBER 2, 2022

Homepoint laid off more than 100 employees this week as it feels the effects of the price war in the wholesale lending space. The company confirmed workforce reductions on Wednesday and Thursday are in line with the company’s “openness to get smaller as an organization to effectively counter severe market pressures,” according to a spokesperson on Thursday.

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Lending Loans Mortgages As-is 448

Keeping Current Matters

SEPTEMBER 2, 2022

Some Highlights. While buyer demand has moderated and housing supply has grown in recent months, it’s still a sellers’ market because inventory is low. The latest data shows sellers continue to benefit from serious buyers and competitive offers. In July, the average home received 2.8 offers and 39% sold over the asking price. You haven’t missed your opportunity to sell.

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Marketing 280

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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.

Brokerage

Real Trends

SEPTEMBER 1, 2022

It looks like inventory is about to get a boost. An analysis of Google search data reveals that searches for ‘sell my house’ exploded 147% in the United States as of July 2022 — the highest level in internet history for America, according to luxury real estate platform RubyHome. This comes as Americans face rising property and rent costs, with fears of a recession looming.

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Mortgages As-is Sales Marketing 145

Maximum Exposure Real Estate

AUGUST 29, 2022

The Guide to Buy Houses With Cash Is buying a house with cash a good idea? If you have the money available to allow you to buy houses for cash, is it the best option? The answers to these questions may not be completely apparent. While it will make buying the home more straightforward, the […]. The post Buy Houses With Cash: Advantages and Disadvantages Explained appeared first on Maximum Real Estate Exposure.

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Housing Wire

AUGUST 29, 2022

Rocket Companies , the parent company of Rocket Mortgage , extended the second round of voluntary career transition offers to employees amid the company’s forecast of much lower origination volume in the third quarter. . “We recognize career growth options in certain areas of our business are limited right now, while the housing market normalizes following two years of unprecedented volume,” said Mike Malloy, chief administrative officer for Rocket Central.

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Equity Loans Banks Title 448

Keeping Current Matters

SEPTEMBER 1, 2022

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country.

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New Construction Construction Marketing 243

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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.

Agents

GeekEstate

AUGUST 29, 2022

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Plunk]. While real estate is an appreciating asset, homes often have untapped equity potential. Upgrading a home’s curb appeal, features, and systems while owning the home builds its value as much as paying off the mortgage–yet many homeowners don’t have the tools or knowledge to start.

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Renovation Equity Mortgages As-is 122

Eye on Housing

AUGUST 31, 2022

Non-real estate consumer credit grew at a seasonal adjusted annual rate (SAAR) of 8.7% in the second quarter of 2022 according to the Federal Reserve’s latest G.19 Consumer Credit report. Revolving debt climbed 14.6% (SAAR), double the increase in nonrevolving debt (+6.9%). Total consumer credit currently stands at $4.6 trillion, with $1.1 trillion in revolving debt and $3.5 trillion in.

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Loans 119

Housing Wire

SEPTEMBER 2, 2022

The Impact Shares Affordable Housing MBS ETF, also known as OWNS, is an exchange-traded fund with the ambitious mission of seeking to tap the capital markets to address long-standing affordable-housing and racial-wealth gap issues in U.S. society. Since its inception last summer, OWNS has focused on investing in agency mortgage-backed securities (MBS) that are collateralized by custom-created mortgage pools.

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Closing Marketing Investor Banks 478

HomeLight

SEPTEMBER 1, 2022

Click on a news site recently and you’ll see blaring headlines — Largest rate hike in decades! Mortgage rates rise! If you’ve been thinking of buying soon, or were trying to wait out the seller’s market during the pandemic, you might be feeling a little frustrated. Did you really wait for prices to normalize only to pay more for your mortgage? Before panicking, it’s helpful to examine today’s mortgage rates with their historical context.

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Mortgages Investor Lending Banks 118

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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

Coldwell Banker

AUGUST 31, 2022

Drogheda is a long-established port town located on the River Boyne with a village feel and a wealth of unique attractions. Read on to learn more about this historic town and add another reason why it’s time to visit Ireland! The post Coldwell Banker Around the World: August 2022 appeared first on Coldwell Banker Blue Matter.

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Eye on Housing

SEPTEMBER 1, 2022

Private residential construction spending declined further in July, as rising mortgage rates and elevated construction costs put a damper on the market. It fell 1.5% in July, down for the second straight month, according to NAHB’s analysis of the Census Construction Spending data. Private residential construction spending was 14.1% higher year-over-year.

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Residential Construction Mortgages Marketing 116

Housing Wire

AUGUST 30, 2022

The Prestwick Mortgage Group , an Alexandria, Virginia-based advisory and brokerage firm, has unveiled a mortgage-servicing rights (MSR) offering for a $598 million package of Fannie Mae and Freddie Mac loans. Prestwick’s offering comes on the heels of a separate bulk offering announced recently by New York-based Mortgage Industry Advisory Group (MIAC) that involves an MSR offering for a package of Fannie Mae loans.

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Marketing Loans Mortgages Brokerage 448

HomeLight

AUGUST 30, 2022

It’s natural to be curious about how a home appraisal works, especially when you’re in the process of selling and an interested buyer is relying on loan assistance to afford your asking price. While no two appraisals are exactly the same, there is a great deal of consistency on what to expect and how to prepare. We’ll start with the nuts and bolts of what a home appraisal consists of and then get into how you can make the most out of your home’s appraisal.

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Inspection Agents Construction Loans 116

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

Realty Biz

AUGUST 29, 2022

Despite concerns about its sustainability , the real estate market is going through a boom. While the real estate market is focused chiefly on buying and selling built properties, investing in vacant land can also give you good returns. You can purchase vacant land to sell it for profit or to build your ideal house according to your taste. . Buying or selling a vacant land is a complex procedure that requires you to understand the market carefully.

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Land Commercial Construction Investor 105

Eye on Housing

AUGUST 30, 2022

The construction labor market is cooling off as economic activity slows in response to tighter monetary policy. However, the July data shows stability concerning the number of open, unfilled jobs in the construction industry. This trend will likely weaken during the second half of 2022 due to the policy decisions by the Federal Reserve. The count of open construction jobs.

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Construction Industrial As-is Marketing 116

Housing Wire

SEPTEMBER 2, 2022

Atlanta-based AmeriSave Mortgage Corp. exited the wholesale channel this week, a decision that comes after the mortgage lender has imposed rounds of layoffs across the company, according to former employees and business partners. . HousingWire sent multiple requests to the company’s leadership for comments, but they did not respond. This week, brokers received a message stating that AmeriSave Wholesale Mortgage Solutions (AWMS), the company’s wholesale channel, is closing doors imme

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Loans Mortgages Finance Closing 448

HomeLight

SEPTEMBER 1, 2022

With 39 million people who call it home, California is the most populous state in the U.S. and ranks third in total area behind Alaska and Texas. With this in mind, starting to house shop in California can be overwhelming. With so many people and rising home prices, it can be downright intimidating. But, it doesn’t have to be! We’re here to walk you through the steps of buying a home in California.

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Earnest money deposit VA loan FHA loan Loans 115

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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.

Agents

Marco Santarelli

AUGUST 31, 2022

Goldman Sachs Chief Economist Jan Hatzius asserted that further housing pressure is likely, writing in a new note ominously titled: “Housing Downturn: Further to Fall.” Here are Hatzius' two predictions on the housing market for 2023. Forecast on Home Sales: “The sustained reduction in affordability, waning pandemic tailwind, and recent decline in purchasing intentions suggest that home sales are likely to fall further on the net: we forecast existing home sales of 4¼ million i

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Marketing Title Sales Residential 104

Eye on Housing

AUGUST 29, 2022

Private fixed investment in student dormitories declined 4.4% to a seasonally adjusted annual rate (SAAR) of $3.2 billion in the second quarter of 2021, according to the data released by Bureau of Economic Analysis. Private fixed investment in dorms was 12.7% higher than a year ago, but 29% below the pre-pandemic level. Private fixed investment in student housing experienced a.

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Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. 1 lender in the country. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I don’t have on my board my goal is to be the No. 2 overall lender, it’s to be No. 1 and we’re going to do that,” Ishbia told HousingWire in 2021.

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Loan Officer Loans Equity Mortgages 435

HomeLight

SEPTEMBER 1, 2022

The skimpy heat and dreadful-looking carpeting in your apartment have finally worn thin and you’ve decided it’s time to buy a house. You’ve scrolled through listings and researched neighborhoods way past your bedtime. Maybe you’ve even opened a savings account and have made steady progress toward saving for a down payment. While homebuying seems daunting, you feel ready to jump in.

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FHA loan Loans Debt-to-income ratio Mortgages 111

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