Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. However, they have several more pressing priorities when it comes to what they’re investing in. Out of 200 senior mortgage executives surveyed, who represent 188 lending institutions, 94% think that appraisal modernization efforts will simplify the origination process.

Lending 501

Lending Loans Inspection Mortgages 501

Realty Biz

MAY 25, 2022

Virtual reality is often the subject of lots of science-fiction speculation. Today, VR is often in entertainment news thanks to commercially available products, but these are often seen as little more than expensive toys. Yet more and more evidence is pointing towards how VR may intersect with the real estate industry, and not in decades or years, either.

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Technology Commercial MLS Development 117

Keeping Current Matters

MAY 24, 2022

As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall.

Mortgages 197

Mortgages Marketing 197

Sotheby's International Real Estate

MAY 24, 2022

Haute couture icon Gianni Versace was renowned for his use of vivid colors, bold prints, and a general reverence for luxurious classicism. In the 1980s, he expanded his empire to include housewares, furnishings, and textiles and eventually applied his talents to stage designs for operas, ballets, and other productions. Versace employed his skills from all these arenas in the curation of his own home, this grand six-level Baroque Italian palazzo one block from Central Park, which he purchased in

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Staging Design 138

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

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Since the summer of 2020, this has been my main talking point on what can cool down housing ; it’s a 10-year yield above 1.94% , meaning rates above 4%.

Construction 525

Construction Bankruptcy Sales House Flipping 525

Maximum Exposure Real Estate

MAY 23, 2022

Have you ever heard the term “hoarded house” and wondered what it meant? A hoarder house is a property that a homeowner or tenant has overfilled with excessive personal items. Hoarding can occur in a single-family home, condo, townhouse, or apartment. Hoarding disorder is a mental problem that causes people to accumulate excessive amounts of […].

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Marketing 134

Sotheby's International Real Estate

MAY 21, 2022

These stylish compounds—from California to Connecticut—are ideal private retreats perfect for swimming, stargazing, sports, or simply relaxing indoors and out. California Country Club Compound. Lea Johnson, Sotheby’s International Realty – Malibu Brokerage. This classic California compound enjoys a premier location in the gated North Ranch Country Club Estates of Westlake Village.

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Brokerage 138

Housing Wire

MAY 26, 2022

Purchase mortgage rates this week averaged 5.10% continuing a decline from last week amid a housing market slowdown, according to the latest Freddie Mac PMMS. A year ago at this time, 30-year fixed rate purchase rates were at 2.95%. The government-sponsored enterprise index accounts solely for purchase mortgages reported by lenders during the past three days.

Mortgages 468

Mortgages Fixed-rate mortgage Banks Loans 468

Eye on Housing

MAY 25, 2022

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. According to first quarter 2022 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area inched down to 2,310 square feet. Average (mean) square footage for new.

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Residential Design As-is 132

Keeping Current Matters

MAY 27, 2022

Some Highlights. Warmer weather and longer days mean summer is almost here. Celebrate by upgrading to the home of your dreams so you can enjoy all the season has to offer. When you list your house, you can capitalize on today’s sellers’ market to fuel your upgrade. Then, you can move to a home with the features you want, like space to entertain or rooms for work and play.

Marketing 252

Marketing 252

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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

Realty Biz

MAY 22, 2022

Time marches on, and so does the sophistication of the technologies we use in our everyday lives like AI. Whether they’re for personal use or those we leverage in our professional endeavors, new software technologies like artificial intelligence are getting smarter, stronger, and more ubiquitous every day. . The real estate industry is no exception, either – the use of AI has grown by leaps and bounds over the past few years, and this trend shows no signs of slowing down.

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Marketing Technology Industrial Agents 128

Housing Wire

MAY 25, 2022

The real estate industry is in the stages of a seismic shift to fully digital experiences. A new generation of digitally native homebuyers and sellers are expecting online experiences , in every type of transaction, and more convenient and seamless ways to find, tour, purchase, and sell homes on their own terms. As a result, there are a growing number of tech-driven companies racing to meet the growing demand.

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New Construction Construction Sales Industrial 481

Eye on Housing

MAY 27, 2022

As National Home Remodeling Month draws to close, Eye on Housing reports on the most common projects undertaken by NAHB Remodelers during the previous calendar year—in this case, 2021. The results come from a special question included in the first quarter 2022 survey for the NAHB/Westlake Royal Remodeling Market Index (RMI). At the top of the list, 81 percent of.

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Closing Marketing 124

Keeping Current Matters

MAY 23, 2022

Because buying or selling a home is such a big decision in our lives, the need for clear, trustworthy information and guidance is crucial.

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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

Sotheby's International Real Estate

MAY 26, 2022

To live in the Berkshires is a privilege. To live in the Berkshires beside a pristine, 33-acre lake on a gated property is a rare gift, reserved only for the phenomenally lucky. Gladys Montgomery – William Pitt Sotheby’s International Realty. Exploring this lakefront compound, it’s clear there are few things more desirable than a home located steps away from a private deck, an exclusive dock, and a stretch of calm water.

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Housing Wire

MAY 24, 2022

When writing about the ’80s banks and passbooks, I started to see a pattern emerge concerning customers and refinance loans and rates. They were so high; then so low. I started thinking about farming. Farmers know that you can’t keep putting the same plants in the same dirt season after season. You kill your soil. You ruin the balance of nutrients.

Mortgages 459

Mortgages Banks Loans Loan Officer 459

Eye on Housing

MAY 26, 2022

According to NAHB analysis of quarterly Census data, the count of multifamily, for-sale housing starts increased during the first quarter of 2022. At 11,000 units started, this was the best quarter for condo construction since the third quarter of 2008. As a result, the market share of rental units of multifamily construction starts decreased to 91% during the first quarter.

Construction 124

Construction Marketing Sales 124

Keeping Current Matters

MAY 25, 2022

If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life.

Marketing 284

Marketing 284

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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

HomeLight

MAY 24, 2022

Garages, whether attached to or detached from your house, are incredibly useful features in a home: they protect cars from Mother Nature, provide storage space for outdoor equipment, and sometimes function as additional living space. If you’re considering adding a new building to your property for this purpose, you may be considering how much does a detached garage add to property value.

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As-is Agents Construction Design 122

Housing Wire

MAY 25, 2022

The Department of Veterans Affairs last week announced it is streamlining the loan approval process for borrowers with a VA-appointed fiduciary and for veteran borrowers who apply for a joint loan. Effective immediately, lenders no longer must send such loan applications to the VA for guaranty approval prior to closing, which should speed up the loan closing process.

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Pre-approval Loans VA loan Land 459

Eye on Housing

MAY 24, 2022

The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has disappointed. For 2021, there were only 12,000 starts of such residences.

Construction 124

Construction Development 124

Keeping Current Matters

MAY 24, 2022

As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall.

Mortgages 225

Mortgages Marketing 225

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

HomeLight

MAY 23, 2022

Looking to sell a house “as is” in Indiana? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. According to Indiana real estate agent Jesse Allen , the biggest reason he sees people try to sell their homes “as is” in Indiana is because they don’t have the funds to make any repairs and their property is in a state of disrepair.

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As-is Purchase and sale agreement Inspection Closing costs 118

Housing Wire

MAY 27, 2022

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law. The requirement also applies to mortgage lenders, legal experts say.

Lending 448

Lending Principal Technology Mortgages 448

Eye on Housing

MAY 24, 2022

New single-family home sales posted a significant decline in April as housing demand deteriorated in the face of rising interest rates. After starting at 3.1% in December, the average 30-year fixed rate mortgage increased to 5.1% by the end of April, per Freddie Mac. Additionally, builders continue to grapple with supply-chain issues, limiting inventory in a market for which new.

Sales 122

Sales Fixed-rate mortgage Mortgages Marketing 122

Realty Biz

MAY 21, 2022

Property management currently operates in a very aggressive and constantly changing realm. However, some key trends in the industry will have a significant impact on how the sector will behave for years. Trends in residential property management, specifically condominium management , revolve around advancing technology and improving renters’ experience.

Property Management 115

Property Management Technology Residential Industrial 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

HomeLight

MAY 24, 2022

Yes, you can sell a home with a failed septic system – unless local law prohibits it. In some states, it’s illegal to sell your home if the system isn’t up to code (which includes a failed system). If you’re not sure about your local laws on the subject, a great place to start your search is with your state’s health department. Another good resource is your real estate agent, who should be familiar with the laws in your area or know where to get the answers you need.

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Inspection Due diligence Agents Investor 116

Housing Wire

MAY 25, 2022

One of the largest loan-servicing companies in the nation, Lakeview Loan Servicing LLC , is facing at least a dozen civil lawsuits, all seeking class-action status, in the wake of a major cyberattack that compromised the personal data of the mortgage borrowers the company serves. That data breach, revealed by Lakeview in mid-March, targeted the personal information of some 2.5 million borrowers, including their Social Security numbers.

Loans 459

Loans Banks Mortgages Principal 459

Eye on Housing

MAY 23, 2022

Nonfarm payroll employment increased in 41 states and the District of Columbia in April compared to the previous month while eight states lost jobs. North Dakota remained unchanged. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 428,000 in April, following a gain of 428,000 jobs in March. On a month-over-month basis, employment data was.

Construction 116

Construction Marketing 116

Lighter Side of Real Estate

MAY 27, 2022

Ahh, the 80’s mixtape—the perfect way to say how you feel without saying it to someone’s face. Such a classic way to get all sappy and let someone know how you feel about them deep down inside. It was perfect to give to someone you had a crush on, your boyfriend or girlfriend, or your BFF and use the power of song to express your innermost thoughts.

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Agents Closing As-is 114

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