Housing Wire

JUNE 15, 2022

The markets have been shaken to the core. And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. On Friday, the U.S. Consumer Price Index clocked an 8.6% increase year-over-year in May, 30 basis points above the consensus estimates – and enough for stock futures to sink and bond yields to soar. The price data has changed the expectations for the Federal Reserve ’s meeting on Wednesday, with the market betting on a 75 bps increase in interest rates (compar

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Mortgages Loans Investor Equity 397

Keeping Current Matters

JUNE 16, 2022

Experts in the real estate industry use a number of terms when they talk about what's happening with home prices.

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Industrial Marketing 253

The Close

JUNE 15, 2022

Real estate flyers play an active (and visible) role in most top producers’ marketing strategies. Having a stable of well-designed, easily editable real estate flyer templates at the ready is key when you’re hosting events, listing a property for sale, or actively recruiting clients. We’ve pulled together a list of our top seven providers of real estate flyer templates.

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Design Branding Agents Property Management 111

Lighter Side of Real Estate

JUNE 15, 2022

Most people don’t buy their “forever house” right out of the gate. It’s hard to afford a home that has the size and amenities you want on your first (or even second) purchase. So most people start out with something a little smaller, needing some work, or not in their ideal location. The plan is usually to spend a few years in it, then sell it to buy a bigger, better home in your ideal neighborhood once you’ve built up some equity.

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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

Housing Wire

JUNE 16, 2022

I’m raising my fifth recession red flag today based on the Census Bureau ‘s May housing starts data. Housing starts showed a miss on the estimate but positive revisions. Housing starts came in at 1.549 million and housing permits came in at 1.695 million. Housing completion data did grow to 1.465 million and more of the backlogged homes are finished.

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Keeping Current Matters

JUNE 17, 2022

Some Highlights. Worried you won’t be able to find your next home after you sell? You should know data from realtor.com shows more listings are coming onto the market each month this year. Having additional options can make the search for your next home. But inventory is still low overall, which means your house should still stand out when you sell.

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Real Trends

JUNE 14, 2022

It wasn’t so long ago that the housing market was characterized by YOLO, FOMO and 200-person deep lines at open houses. But a gradual slowdown that culminated in seismic shocks to the economy over the past week has changed the game for real estate agents and their clients. By the close of business on Monday, the stock market officially entered bear territory , with the Dow Jones falling 876 points on the fears of inflation and the Fed’s upcoming rate hike , rumored to be 75 basis poi

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Housing Wire

JUNE 17, 2022

Notarize CEO, Pat Kinsel publicly announced that his firm had laid off 25% of its workforce (110 employees) in a Twitter thread on Wednesday. This is the second time the 7-year-old, Boston-based remote online notarization (RON) firm has undergone layoffs. In 2019, Notarize was forced to undergo layoffs after financing fell through. “We are exceptionally proud of the team we’ve built and they are leaving through no fault of their own – they are truly the best of the best.

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Finance Closing As-is Industrial 459

Keeping Current Matters

JUNE 14, 2022

If you're following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers.

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Marketing 256

Eye on Housing

JUNE 14, 2022

The prices of goods used in residential construction climbed 1.8% in May (not seasonally adjusted) and have increased 19.4%, year-over-year, according to the latest Producer Price Index (PPI) report. Prices have surged 40.4% since January 2020. Building materials (i.e., goods inputs to residential construction, less energy) prices have increased 5.4%, year-to-date, and are 36.3% higher than they were in May.

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Realty Biz

JUNE 15, 2022

Things to Find Out Before Purchasing Land. Performing due diligence is vital when purchasing a home. It is even more crucial when buying a building lot. Buying land can be an exciting and profitable investment. However, it is important to ask questions and get advice before making a purchase. Real Estate agents are asked important questions all the time as it pertains to land.

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Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand.

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Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Keeping Current Matters

JUNE 13, 2022

Americans’ opinion on the value of real estate as an investment is climbing.

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As-is Marketing 254

Eye on Housing

JUNE 17, 2022

In the first quarter of 2022, multifamily home building showed greater growth across all regional markets compared to the first quarter of 2021, per the NAHB’s Home Building Geography Index (HBGI). Apartment construction far outpaced single-family building in all regional geographies but especially in lower density markets1. Low rental vacancy rates and rising rents gave multifamily developers confidence to continue.

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Construction Marketing Development 126

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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.

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Notorious ROB

JUNE 11, 2022

From my friend Kevin Oakley, I see this news on Twitter: Kevin Oakley on Twitter: “[link] @AliWolfEcon @robhahn / Twitter” [link] @AliWolfEcon @robhahn. The linked article is a longtime mortgage broker Louis Barnes sounding the alarm : During the last forty-four years, my days have begun and ended with the mortgage market. Four painful moments stand out.

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Fixed-rate mortgage Investor Mortgages Banks 126

Housing Wire

JUNE 17, 2022

Mortgage industry stakeholders say a new 50 basis point fee on some Fannie Mae and Freddie Mac securities runs counter to the premise of a uniform mortgage backed security. It’s a “money grab,” said one industry analyst, who requested anonymity to stay on good terms with the government sponsored enterprises, who together back the majority of the single-family mortgage market.

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Industrial Finance Mortgages Loans 435

GeekEstate

JUNE 16, 2022

In this week’s founder interview, we interviewed Melissa Kwan of eWebinar. Without further ado…. Who are you and what do you do? My name is Melissa Kwan , and I’m the Cofounder and CEO of eWebinar. I was previously the Cofounder and CEO of Spacio, the industry-leading open house lead gen solution that was acquired by HomeSpotter in 2019.

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Industrial Technology Closing Sales 124

Eye on Housing

JUNE 16, 2022

Single-family starts declined further in May, as higher interest rates weighed on housing affordability. This follows a sixth straight monthly decline for the NAHB/Wells Fargo HMI. Additionally, the cost and availability of materials, lumber, labor and lots remain key supply-side headwinds. Single-family permits decreased 5.5% to a 1.05 million unit rate in May.

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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.

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Realty Biz

JUNE 13, 2022

Technology allows us to take new approaches to old problems, and these approaches are faster, easier, and yield better results. This is as true in the real estate industry as any other – in a realm where buying and selling homes used to require lots of hard work, innovations like the internet, artificial intelligence , and mobile computing have made the process much less strenuous than it was in the past. .

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Housing Wire

JUNE 17, 2022

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. Wells Fargo Chief Financial Officer Mike Santomassimo said higher interest rates have greatly reduced the refinancing market – currently down about 82% from the prior year – and home affordability remains a challenge in the purchase market. “As you would expect, you’re seeing the refinance volume fall significantly — no surprise,” he s

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Mortgages Lending Banks Investor 435

HomeLight

JUNE 14, 2022

If you’re like most people in Seattle, your house is the single most expensive asset you own. When you decide to sell, it’s a big deal. You might decide that it’s time to pack up and move to another state, relocate to the ‘burbs, or downsize to meet your needs. No matter the reason, you are ready to sell, and you need to know how to complete this important transaction efficiently and for maximum profit.

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Seller concession Closing costs Agents Closing 119

Sotheby's International Real Estate

JUNE 14, 2022

Just off a winding cliffside lane in Malibu’s tony Big Rock neighborhood, a white wooden gate just off the drive of a low-slung midcentury modern home recalls the access point to some fictional realm—the wardrobe doors to Narnia or Alice’s entrance to Wonderland. This gate, in fact, opens to reveal a picture-postcard view of thriving coastal hedges and native trees, above which the majestic Pacific Ocean stretches out past city lights and Catalina Island toward the horizon.

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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

Maximum Exposure Real Estate

JUNE 12, 2022

Most purchase agreements are contingent on which two items? Do you know the answer? Another way of asking the question is, which are the two most important types of contingencies in an offer to purchase? Many real estate agents will be asked this question. Most real estate contracts have two standard contingencies. When buying or […]. The post The Two Most Common Contingencies in Real Estate Sales appeared first on Maximum Real Estate Exposure.

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Housing Wire

JUNE 16, 2022

Fannie Mae lowered its projections of mortgage originations and home sales for 2022 as mortgage rates continue to climb. Fannie Mae’s Economic and Strategic Research (ESR) Group revised its projected mortgage origination volume to $2.6 trillion in 2022 and $2.2 trillion in 2023. In May, Fannie Mae dropped its mortgage origination volume projection for 2022 to $2.7 trillion and $2.25 trillion for 2023, down from the respective $2.8 trillion and $2.41 trillion projected the previous month. .

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Industrial Mortgages Sales Loans 417

HomeLight

JUNE 16, 2022

At HomeLight, we believe the future of real estate lies in the hands of the best agents across the country. . In January 2020, we launched HomeLight Cash Offer ® mere weeks before the COVID-19 pandemic hit. And the months and years that followed have seen record-setting inventory shortages, a steep growth in home values, and intense bidding wars — perhaps one of the most volatile periods our industry has ever seen. .

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Eye on Housing

JUNE 15, 2022

To fight persistent inflation, the Federal Reserve has committed to significantly cooling demand. This approach reflects a non-monetary policy failure to fix underlying supply-side challenges that are pushing up inflation. The Fed lacks policy tools to make these supply-side fixes, so it must rely on demand-side impacts to bring down inflation by reducing economic growth.

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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

The American Genius for Real Estate

JUNE 15, 2022

(MARKETING) We all know that social media is a must for branding. Enhance your reach by implementing social media organization and optimization. The post You must optimize in order to maximize in the world of social media appeared first on The American Genius Real Estate.

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Housing Wire

JUNE 15, 2022

Two new single-family rental (SFR) securitization deals sponsored by large institutional players — often described as “Wall Street” investors — hit the private label market in June, bringing the total deal count so far this year to 10. The healthy volume of SFR offerings over the first half of 2022 is being fueled by a strong SFR market resulting from fast-rising interest rates and tight housing supply.

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Investor Residential Loans Mortgages 397

HomeLight

JUNE 13, 2022

Trying to buy a house while you’re already renting a place can feel like a Sisyphean task. You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought.

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Eye on Housing

JUNE 15, 2022

Rising inflation and higher mortgage rates are slowing traffic of prospective home buyers and putting a damper on builder sentiment. In a troubling sign for the housing market, builder confidence in the market for newly built single-family homes posted its sixth straight monthly decline in June, falling two points to 67, according to the National Association of Home Builders (NAHB)/Wells.

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Mortgages Marketing 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