Keeping Current Matters

NOVEMBER 21, 2022

This past year, rising mortgage rates have slowed the red-hot housing market.

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Mortgages Marketing 246

Real Trends

NOVEMBER 21, 2022

Johnson Tsai’s business is usually 50-50: evenly split between representing buyers in and doing rental deals in New York City. Soaring mortgage rates has changed that dynamic. . “Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” said Tsai, an agent at brokerage REAL New York. Tsai expects this trend to continue into 2023 and likely widen when New York City’s rental market picks back up in the early spring.

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Agents Mortgages Commercial Property Management 108

Realty Biz

NOVEMBER 21, 2022

With the rise of digital marketing and social media, Pay Per Click (PPC) campaigns have become an important part of any online strategy for real estate businesses. PPC is a form of online advertising where a business pays a specific amount every time someone clicks on their ad. In this blog post, we'll be discussing how PPC campaigns can benefit real estate agents in their efforts to attract new clients and sell more houses.

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Housing Wire

NOVEMBER 21, 2022

In late October, the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Treasury Department , announced its decision to again expand its Geographic Targeting Orders (GTOs). The new requirements go into effect on November 25, 2022, and the terms of the GTOs are effective through April 2023. In addition to Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco, Washington, D.C., Northern Virginia and Ma

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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.

Development

Eye on Housing

NOVEMBER 21, 2022

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. During the housing boom after covid, this led to a rise for new single-family home size. However, as the housing market weakens on lower affordability conditions this trend appears to be reversing. According to third quarter 2022.

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Residential Marketing 117

The Close

NOVEMBER 21, 2022

There is no doubt that FSBOs are some of the most crucial leads a real estate agent can pursue. My broker used to say, “FSBO sellers have already told you they want to sell and want to sell now—all you have to do is convince them you’re the right person for the job.” How do you convince them? Use one of our nine can’t-miss FSBO scripts. Winning over these leads is easier than ever with this collection of tried-and-true FSBO scripts.

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Agents Land Sales As-is 105

Housing Wire

NOVEMBER 21, 2022

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. . The U.S. Department of Housing and Urban Development , through the FHA, announced on Monday that the change will go into effect on December 21, 2022.

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Realty Biz

NOVEMBER 21, 2022

Whether it is rent or mortgage payments, housing is the single biggest chunk of spending for the average consumer. That means housing has an outsize impact on overall inflation from month to month. So, after many months of near-historic levels of inflation and now early indications that inflation is slowing, what might we expect from the relationship between the two over the next several months to a year?

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Mortgages Sales Marketing As-is 102

Redfin

NOVEMBER 21, 2022

If you’re in the market for a new stove, choosing a replacement can be challenging. Along with size, brand, and aesthetic, an important decision is deciding which fuel source you want it to use. Both have their advantages and disadvantages, especially when it comes to sustainability and price. For example, gas stoves are more polluting than electric, but natural gas is generally cheaper than electricity in many areas of the country.

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Branding As-is Development Commercial 62

Keeping Current Matters

NOVEMBER 23, 2022

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market.

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Sales Mortgages Marketing 270

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

NOVEMBER 23, 2022

It’s a terrible time for homebuyers. Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. By taking advantage of the 2-1 temporary rate buydown, Davis was able to lower her 7.25% mortgage rate by 2% in the first year and by 1.5% in the second year.

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Marketing Loan Officer Loans Seller concession 493

Better Dwelling

NOVEMBER 22, 2022

Canada’s got ninety-nine problems and mortgage debt is…. Over two trillion of them. Bank of Canada (BoC) senior deputy governor Carolyn Rogers addressed concerns about financial stability earlier today. She boiled it down to two major concerns that have been present for a long time, but are building up — household debt and housing. She […]. The post Canada Needs Lower Home Prices & Economic Stability Requires “Pain”: Bank of Canada appeared first on Better Dwelling.

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Banks Mortgages 138

Eye on Housing

NOVEMBER 23, 2022

New home sales rebounded in October despite higher mortgage rates, likely due to low existing home inventory and builders using incentives to attract buyers to the new home market. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in October at a 632,000 seasonally adjusted annual pace, which is.

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Sales Development Mortgages Marketing 130

Keeping Current Matters

NOVEMBER 22, 2022

If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you.

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Marketing 240

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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

Housing Wire

NOVEMBER 23, 2022

Recent declines in mortgage rates, which are due to a slowdown in inflation growth, have been enough to convince some borrowers to apply for new home loans, according to recent data on mortgage applications. . However, there are still forces pushing many borrowers — mainly lower-income buyers — to stay on the sidelines, industry experts say. . The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage slowed its downward trajectory this week, declining three basis point

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Mortgages Fixed-rate mortgage MLS Loans 488

Sotheby's International Real Estate

NOVEMBER 19, 2022

Whether it’s the setting for a festive formal fête or a casual weeknight meal, the dining room is a key space in every modern home. From Fifth Avenue to the hills above the Napa Valley, these spaces encourage everyone to gather at the table in style. Hillside Haven in Napa. Hillary Ryan | Sotheby’s International Realty – St. Helena Brokerage.

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Brokerage 121

Eye on Housing

NOVEMBER 21, 2022

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded during the third quarter of 2022 despite broader market weakness. There were 59,000 total custom building starts during the third quarter of the year. This marks a 5% increase compared to the third quarter of 2021 in terms of year-over-year change.

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Design Marketing 129

Keeping Current Matters

NOVEMBER 25, 2022

Some Highlights. While there are many financial perks to owning a home, there are also powerful non-financial benefits to consider if you’re thinking about making a move. Homeownership allows you to express yourself, gives you greater privacy and comfort, enhances your connection to your community and loved ones, and is an achievement to feel proud of.

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Sales

Housing Wire

NOVEMBER 23, 2022

Today new home sales beat estimates , and new home median sales prices hit an all-time high. What is going on here? My job is always to be the detective, not the troll so let’s take a look at today’s data, as there is a constant theme here that I have talked about for some time. Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs.

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Sales Construction New Construction Mortgages 488

Sotheby's International Real Estate

NOVEMBER 25, 2022

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Mykonos, Greece | Greece Sotheby’s International Realty. The oceanfront villa includes seven bedrooms, a wine cellar, a fully equipped gym and two pools. This Subterranean Mykonos Mansion Just Hit the Market at $7.6 Million – Robb Report.

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Renovation Banks Marketing 112

Brownstoner

NOVEMBER 21, 2022

Earlier this month, Salvanita and Moses Foster got a phone call. Someone was changing the locks on the Bed Stuy home they purchased in 1999 and had lived in until a 2019 fire. Their possessions were being thrown from the windows into the trash, the neighbor said. They raced over… Read More > The post Bed Stuy Family Watches as Possessions Thrown in Trash, Locks Changed in Alleged Deed Theft Case appeared first on Brownstoner.

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Marketing 110

Keeping Current Matters

NOVEMBER 24, 2022

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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

Housing Wire

NOVEMBER 23, 2022

With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, rose 2.2% for the week ending November 18 after registering a 2.7% increase in the previous week.

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As-is Mortgages Fixed-rate mortgage Loans 418

Real Trends

NOVEMBER 22, 2022

Employees at power buying firm Ribbon are the latest to feel the sting of the housing market slowdown. On Monday, the Shaival Shah-helmed firm laid off 170 employees, or 85% of its staff. According to an emailed statement by a Ribbon spokesperson, the firm will now “be led by a lean and focused team of just under 30 people.”. The impacted staffers were notified via individual emails sent Monday.

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Brokerage Marketing Branding Agents 109

Bigger Pockets

NOVEMBER 19, 2022

Most economists agree: Housing prices are expected to fall, nearing a bottom sometime between 2024 and 2025 before rebounding. That’s the opinion of analysts at Goldman Sachs, Wells Fargo, Moody’s Analytics, Capital Economics, The National […].

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Marketing 109

Eye on Housing

NOVEMBER 22, 2022

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the third quarter of 2022. At 141,000 units started, this was the largest quarter for rental multifamily construction since the second quarter of 1986. The market share of rental units of multifamily construction starts increased to 97% as the already small condo.

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Construction Marketing 108

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

Housing Wire

NOVEMBER 22, 2022

Prepayment activity fell to another record low in October amid mortgage rates topping 7% and refis drying up. Black Knight expects that the steep declines in rate lock volume and seasonality factors point to further declines in prepayment activity. Prepayment dropped 16.5% to a single-month mortality rate of 0.48%, well below the previous record of 0.55%, according to Black Knight’s October mortgage performance statistics report.

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Mortgages Loans Closing Development 418

Realtor.com

NOVEMBER 21, 2022

Getty Images Stuff happens! That’s especially true during the holiday season. With guests coming and going, the fireplace regularly blazing, and packages arriving at your front door by the truckload, this is a particularly precarious time. Now, new data reveals that fires, frozen pipes , and porch pirates (aka nefarious folks who sneak up to your doorstep and steal your packages) are among the most dreaded holiday-related mishaps, according to a survey from home security company SimpliSafe.

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Inspection As-is Closing Marketing 107

Maximum Exposure Real Estate

NOVEMBER 22, 2022

The Ultimate Guide to Covenants, Conditions, and Restrictions (CC&Rs) Have you heard of restrictive covenants or house covenants? While you might have a checklist of things you want from your next home, you might also need to consider what you are and aren’t allowed to do when you own it. If you buy a home […]. The post What Are House Covenants, Conditions, and Restrictions: CC&R’s Explained appeared first on Maximum Real Estate Exposure.

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The American Genius for Real Estate

NOVEMBER 23, 2022

What's up with West Coast housing prices? These 8 Western cities have such high prices, a 200k salary is necessary for a typical home.

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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