Housing Wire

APRIL 5, 2022

The Metaverse is defined as the simulated digital world that mimics the real world through virtual reality and augmented reality in which users can interact. As the Metaverse expands, its offerings now include “virtual” real estate. But what does virtual real estate mean for real-world mortgage professionals? Defining virtual real estate. “Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land.

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Mortgages Lending Land Loans 532

RIS Media

APRIL 8, 2022

Yes! Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning. Real estate listings go through different stages. An active listing means the home in question is currently on sale, and sellers are actively open to offers.

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Debt-to-income ratio Title search Backup offer Home sale contingency 144

Eye on Housing

APRIL 6, 2022

In the past month, total mortgage activity, as measured by the Mortgage Bankers Association’s (MBA) Market Composite Index, underwent a series of weekly declines, decreasing in the latest week by 6.3 percent. The latest week’s survey is for the week ending April 1. The latest week’s activity consisted of a 3.4 percent decrease in purchasing and a 9.9 percent decrease.

Mortgages 115

Mortgages Fixed-rate mortgage As-is Marketing 115

Keeping Current Matters

APRIL 8, 2022

Some Highlights. If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity. Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55,300. Ready to sell? Reach out to a local real estate professional to talk about how you can use that equity to fuel your next move.

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Equity Loans Marketing 271

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

Housing Wire

APRIL 6, 2022

Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective sellers. Realtor.com Wednesday released the results of the online survey of 3,000 consumers conducted in February by HarrisX.

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Staging Closing Marketing Mortgages 497

Lighter Side of Real Estate

APRIL 6, 2022

You’re probably well aware that mortgage rates are rising. At the same time, home prices don’t seem to be coming down, there’s still a ton of competition, and you’re probably no stranger to bidding wars when you make an offer on a house. So you might be searching for a way to maintain the buying power you had when rates were a little lower, or just a competitive edge so you can offer a little more for the houses you bid on.

Mortgages 144

Mortgages Fixed-rate mortgage Banks Lending 144

Keeping Current Matters

APRIL 5, 2022

When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information.

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Housing Wire

APRIL 5, 2022

Home price appreciation in February climbed 20% over the previous year, marking the 12th month of consecutive double-digit gains , according to figures released Tuesday by real estate analytics firm CoreLogic. Although low inventory continues to drive up prices, CoreLogic ’s forecast suggests home appreciation should finally hit its stride and slow down to about 5% in the coming year , according to a news release from the company. .

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Closing Mortgages Marketing 482

GeekEstate

APRIL 5, 2022

This week, we interviewed Stephen Baker from Zego. Let’s get to it! Who are you and what do you do? My name is Stephen Baker and I’m the President and General Manager of Zego, a property technology company that helps operators modernize the resident experience to boost retention and improve efficiency. In my role as President and General Manager, I manage Zego’s growing resident experience management business, utilized by 12M+ residential units, more than 6,000 property clients, and over 3

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Residential Property Management Industrial Technology 132

Eye on Housing

APRIL 8, 2022

According to the latest May 2021 Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $49,070 and the top 25% make at least $75,820. In comparison, the U.S. median wage is $45,760, while the top quartile (top 25%) makes.

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Construction 131

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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

Keeping Current Matters

APRIL 6, 2022

Today's low inventory can be challenging for homebuyers, especially if you’re looking to purchase your first home.

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Housing Wire

APRIL 4, 2022

South Carolina-based Movement Mortgage laid off around 170 employees in March, another case of a top-25 mortgage lender paring back its workforce due to a more challenging origination landscape. . Pink slips are arriving to between 165 and 170 operational employees across the country, including professionals in the processing, underwriting and closing areas, multiple company sources told HousingWire. .

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Mortgages Loan Officer Loans Banks 476

Sotheby's International Real Estate

APRIL 5, 2022

Combining the storybook style of English countryside cottages with the refinement and luxury of a contemporary American estate, this regal manor is tucked amid trees and a formal parterre in the bucolic Tall Timbers area of Houston’s prestigious River Oaks. The setting is peaceful and private, yet the amenities of downtown and the famed Galleria are minutes away.

As-is 130

As-is 130

Coldwell Banker

APRIL 6, 2022

Extra, extra! Read the top news items that ran in March about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top Coldwell Banker Stories of the Month – March 2022 appeared first on Coldwell Banker Blue Matter.

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Agents 128

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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

Keeping Current Matters

APRIL 4, 2022

Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes.

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Sales 255

Housing Wire

APRIL 8, 2022

It’s a depressing combination. A stunning rise in mortgage rates, historically low levels of inventory , and skyrocketing housing prices are fueling consumer pessimism. Fannie Mae ‘s Home Purchase Sentiment Index, which tracks the housing market and consumer confidence to sell or buy a home, dropped by 2.1 points to 73.2 in March from the previous month.

Mortgages 448

Mortgages Marketing Sales As-is 448

Maximum Exposure Real Estate

APRIL 4, 2022

Many terms will be new to you when you enter the real estate market. A turn-key home might be one term you hear, but what does it mean? It is not uncommon for a buyer or seller to ask a real estate agent what does turnkey mean. Before you decide to invest your money into […]. The post What Does Turnkey Mean in Real Estate: Turn Key Housing Explained appeared first on Maximum Real Estate Exposure.

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Agents Marketing 126

Realty Biz

APRIL 6, 2022

When buying or selling a home, having a clear understanding of its worth is very important. You’ll want to make sure you don’t pay too much when buying, but want the seller to accept your offer. Pricing your home when you are selling it is also tricky, making the price attractive to buyers but not selling it for too little. While you might have ideas about what a home is worth, your real estate agent has the tools and experience to find the right price point.

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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

APRIL 7, 2022

Many consumers are wondering what will happen with home values over the next few years.

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Marketing 274

Housing Wire

APRIL 6, 2022

Interest in residential mortgage loans fell 6.25% for the week ending April 1 as rates jumped yet again , ever nearer to 5%, according to the Mortgage Bankers Association ‘s latest survey. Refinance applications are in a free fall, as few borrowers these days have an incentive to change their current loans rates. Additionally, home price appreciation and insufficient for-sale inventory are holding back purchase activity. .

Mortgages 448

Mortgages Fixed-rate mortgage Residential Loans 448

The Close

APRIL 4, 2022

LinkedIn may be less flashy than other social media platforms, but it’s one of the most overlooked channels for real estate lead generation. LinkedIn is the ideal place show that you’re knowledgeable and relevant in a loud, crowded industry. Making LinkedIn work for you is really straightforward. We’ll show you how with a little time, a lot of consistency, and a clear objective, there is no better place to establish yourself as an industry expert.

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Agents Branding Design As-is 122

GeekEstate

APRIL 5, 2022

Geek Estate is all about celebrating entrepreneurship, focused on real estate tech–both residential and commercial. The REACH program , backed by the National Association of Realtors and Second Century Ventures , is a big part of the broader ecosystem. This week, they announced the acceptance of 17 companies to the 2022 REACH and REACH Commercial programs.

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Due diligence Commercial Property Management Renovation 122

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

APRIL 5, 2022

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. The individual pays a fraction of their debts to creditors under the supervision of the bankruptcy trustee for the term of the Chapter 13 Bankruptcy.

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Bankruptcy Debt-to-income ratio VA loan FHA loan 120

Housing Wire

APRIL 5, 2022

Top mortgage lending software and analytics provider Black Knight is exploring a sale following takeover interest from several private equity firms, according to a report from Bloomberg. The Jacksonville, Florida-headquartered firm hasn’t decided whether it would be sold or remain independent, unnamed sources told the financial news publication.

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Sales Lending Equity Technology 435

Eye on Housing

APRIL 5, 2022

In the fourth quarter of 2021, the market shares of single-family and multifamily home building in rural submarkets, as identified by NAHB’s Home Building Geography Index (HBGI), increased from the fourth quarter of 2020. Evolving market conditions were primarily responsible for the market share gains. Rural areas’ home building market share changes indirectly reflected differing growth rates among all regional.

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Marketing Construction 118

HomeLight

APRIL 8, 2022

Homeowner Geetha Sivanandam and her family were living in a two-bedroom condominium in downtown Denver when the COVID-19 pandemic took hold. Despite spending more time at home than ever, the Sivanandams were comfortable in their convenient location. For a while, at least. “My daughter had just turned 11, and I think she was starting to outgrow the space,” says Sivanandam.

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Homeowner’s association Equity Renovation Closing 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

Realty Biz

APRIL 8, 2022

With many advantages to renting, like having fewer responsibilities and more flexibility, it is an obvious choice for many people. But even with fewer things to worry about, there are some considerations before renting a home that you need to be aware of. Research and due diligence are essential after jumping on the best website for rentals. Understanding how to find a house to rent is critical, but you don’t want to make mistakes.

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Due diligence As-is Agents Marketing 115

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Can this last? No, it can’t. In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy.

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Marketing Lending Short sale Equity 418

Eye on Housing

APRIL 4, 2022

Compared to a year ago, average hourly earnings for residential building workers continue to rise, as the construction labor market remains tight. According to the Bureau of Labor Statistics (BLS) report, average hourly earnings (AHE) for residential building workers were $28.66 in February 2022, increasing 6% from $27.01 a year ago. This was 16.7% higher than the manufacturing’s average hourly.

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Residential Construction Marketing 118

Brownstoner

APRIL 4, 2022

After a two-year pandemic hiatus, the celebration of community building and greening the borough is back with the Brooklyn Botanic Garden's Greenest Block in Brooklyn competition. A smaller, socially distance competition focused on window boxes was held last year but this summer marks the return of the block-wide competition, culminating in… Read More > The post Get Your Green Thumb Ready as the Greenest Block in Brooklyn Contest Returns appeared first on Brownstoner.

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As-is 116

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