Housing Wire

AUGUST 23, 2022

It will get worse for the housing market – and mortgage industry – before it gets better. That’s the takeaway from a group of economists at Fannie Mae who slashed their forecast for 2022 home sales this week. “Housing remains clearly on the downtrend — and has been for several months now — due to the combined effects of outsized home price increases and the significant and rapid run-up in mortgage rates,” Fannie Mae’s Chief Economist Doug Duncan said in a statement.

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Maximum Exposure Real Estate

AUGUST 22, 2022

What is a Home Inspector? Are you looking to find an outstanding home inspector? Choosing a home inspector is part of the home buying process, a decision that can significantly impact your satisfaction with your future home. A home inspector is a professional engaged in performing the service of assessing a property’s condition. It can […].

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Redfin

AUGUST 25, 2022

We all want visitors and families to feel welcome when they come to our homes. You also want your home’s exterior to look its best when you’re ready to sell. It’s the focal point for any potential buyer, and what they see as they approach the front steps will be their first impression of the house. So whether you are planning on staying in your home for a few more years or are preparing to sell, these budget-friendly curb appeal ideas will make for an eye-catching exterior.

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Keeping Current Matters

AUGUST 25, 2022

If you’re thinking about buying a home, you likely have a lot of factors on your mind.

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Marketing 298

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 24, 2022

Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then.

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Keeping Current Matters

AUGUST 23, 2022

If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months.

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Marketing 249

Realty Biz

AUGUST 24, 2022

Over the last few years it has been an extreme seller’s market characterized by low inventory and rising home prices. Home sellers have been in the drivers seat. Most homes listed for sale have experienced bidding wars with sales prices ending up far over the asking price. It has been the ultimate nirvana for home sellers. Not so much for home buyers who have seen their dream home become more and more expensive.

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Eye on Housing

AUGUST 23, 2022

New home sales in July fell to their lowest level since January 2016 as the industry grapples with supply chain disruptions that are delaying new home building projects and raising housing costs as mortgage interest rates increased. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in July at.

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Housing Wire

AUGUST 25, 2022

South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The terms of the deal were not disclosed. The acquisition is another step to boost its sales amid shrinking loan origination volumes. The company announced new hires in the sales executive team in early August.

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Keeping Current Matters

AUGUST 22, 2022

If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions.

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Marketing 249

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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

Maximum Exposure Real Estate

AUGUST 22, 2022

What Does a Real Estate Agent Do All Day Anyway? Lots of people wonder what a real estate agent does on a daily basis. In the real estate business, a real estate agent’s day can be constantly different. Do they sit around all day waiting for the phone to ring? Do they really do anything […]. The post What Does a Real Estate Agent Do For Buyers and Sellers appeared first on Maximum Real Estate Exposure.

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Agents Marketing 145

GeekEstate

AUGUST 22, 2022

The annual Innovation, Opportunity & Investment (iOi) Summit brings together over 500+ of the industry’s top tech companies, investors, and REALTOR® members to collaborate, network, and address concerns regarding the future of real estate. At iOi, your tech leader peers join ranks to pool talents and resources and discuss and develop essential PropTech strategies and solutions to revive the industry and drive it forward.

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Housing Wire

AUGUST 26, 2022

California real estate startup Reali is shutting down, with plans to lay off most of its employees on Sept. 9. The firm is the latest to fall victim to rising mortgage rates and a drop in home sales. . The San Mateo, California startup cited “the challenging real estate and financial market conditions and unfavorable capital-raising environment” as reasons for shuttering its business that was founded in 2015 by Ami Avrahami and Amit Heller. “Active real estate transactions will

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Keeping Current Matters

AUGUST 26, 2022

Some Highlights. If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions. If you have questions about buying or selling a home in today’s market, reach out to a trusted real estate professional.

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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

Maximum Exposure Real Estate

AUGUST 22, 2022

You will execute a listing contract when selling your home with a real estate agent. The most common arrangement is an exclusive right to sell listing agreement. What an exclusive right to sell agreement means today is much different than many years ago. When I first entered the real estate industry in the mid-1980s, having […]. The post What is an Exclusive Right to Sell Listing Agreement?

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Industrial Agents Marketing 133

Eye on Housing

AUGUST 26, 2022

NAHB analysis of the 2021 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.8% of the market, while conventional financing dominated the market at 71.2%. In 2020, share of non-conventional financing was 34.4% of the market while conventional financing accounted for 65.6% of the market share.

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Housing Wire

AUGUST 24, 2022

Homepoint has launched a new program to reduce rates for borrowers with lower income, the wholesale lender announced Wednesday. The initiative comes after the company reported a loss in the second quarter of 2022 amid a price war, mainly from its wholesale-only rival United Wholesale Mortgage (UWM). . Homepoint is offering a 75 basis point pricing bonus for conforming conventional loans, with no additional cost to borrowers.

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Loans Mortgages As-is Sales 418

Keeping Current Matters

AUGUST 26, 2022

Some Highlights. If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions. If you have questions about buying or selling a home in today’s market, reach out to a trusted real estate professional.

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Marketing Mortgages 199

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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

AUGUST 22, 2022

The U.S. economy has experienced some significant shifts this year. Inflation is at a 40-year high, interest rates are rising, and the stock market had its worst first-half performance since 1970. . Then, on June 13, 2022, the S&P 500 index fell 21.3% and the stock market officially entered a bear market. We know this was bad news for the stock market, but what (if anything) does it mean for real estate?

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Eye on Housing

AUGUST 22, 2022

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts surged during the second quarter of 2022. At 142,000 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 bounced back to 96%.

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Development Construction Marketing 116

Housing Wire

AUGUST 25, 2022

Homepoint is in a tough spot. Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business.

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Realty Biz

AUGUST 21, 2022

Low Income Housing Choices. Are you looking for low priced housing options due to having a smaller income? With home prices having skyrocketed across the country over the last few years it has been harder than ever to find affordable housing. It has been a crazy seller’s market characterized by bidding wars with many homes selling over the asking price.

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VA loan FHA loan Loans Land 115

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

Sotheby's International Real Estate

AUGUST 20, 2022

Whether they use bold colors, intriguing textures, or striking wallpaper, accent walls easily infuse a home with style and create a focal point for attention or art. Fabulous Florida Contemporary. Patricia Mahaney & JB Edwards | Sotheby’s International Realty – Palm Beach Brokerage. Nearly every space of this lofty six-bedroom contemporary residence in Palm Beach Gardens is exceptionally appointed.

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Brokerage 114

Eye on Housing

AUGUST 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.

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Housing Wire

AUGUST 25, 2022

Mortgage tech firm Blend launched a software solution for home equity products amid a mad dash from lenders into the space. Instant Home Equity, an automated end-to-end digital home equity product for lenders, integrates income, identity verification, title, decision and property appraisal to save time and costs, Blend said in a release this week. Lenders using Blend’s home equity product can offer personalized home equity loans and then close in a few days as opposed to multiple weeks it

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Realty Biz

AUGUST 24, 2022

There are more than 1.9 billion websites currently active on the internet, and if you plan on generating leads and getting yourself known on the internet, you’ll have a lot of other websites to compete with. But how is it even possible to compete with so many other websites, you might ask? It all has to do with the power of real estate SEO. If you don’t use SEO for your real estate agency, you will find that your agency will remain virtually unknown to the masses.

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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

AUGUST 24, 2022

Disclaimer: A friendly reminder, information in this blog post is meant to be used for educational purposes only, not as a substitute for professional tax or legal advice. If you need help navigating the intricacies of selling your home in the state of Florida or elsewhere, HomeLight always encourages you to reach out to your own independent advisor. .

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Eye on Housing

AUGUST 22, 2022

Nonfarm payroll employment increased in 46 states and the District of Columbia in July compared to the previous month while four states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 528,000 in July, following a gain of 398,000 jobs in June. As of July 2022, the U.S. labor market is back to.

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Housing Wire

AUGUST 24, 2022

For the past two years appraisal gap clauses have been de rigueur in many markets , much to the disdain of frustrated homebuyers. Mortgage startup Tomo feels, however, that it has a solution. On Wednesday, the firm launched Tomo Appraisal Coverage. Tomo says its appraisal coverage product protects home buyers from having to bring more cash to the close when appraisals come in low, with the same APR, cash-to-close and monthly payment guaranteed.

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Realty Biz

AUGUST 23, 2022

Have you heard the term MLS in real estate and wondered what it meant? When you begin the process of either buying or selling a home, you are likely to hear about the multiple listings service. The multiple listing service or MLS is a way for real estate agents to connect buyers and sellers better. As a seller, it lets the world know you’re home is for sale.

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Purchase and sale agreement MLS Brokerage Loan Officer 113

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