Housing Wire

OCTOBER 24, 2022

The Federal Housing Finance Agency (FHFA) on Monday announced that it is replacing the Classic FICO credit model, which Fannie Mae and Freddie Mac have relied on for nearly 20 years, for the FICO 10T and VantageScore 4.0. “They will provide more accurate credit scores, and we believe the market, including investors, will be provided with an improved understanding of risk from not just one but two different credit score models,” Sandra Thompson, the FHFA’s director, said during

Finance 468

Finance Investor Technology Mortgages 468

Keeping Current Matters

OCTOBER 24, 2022

If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved.

Pre-approval 229

Pre-approval 229

Realty Biz

OCTOBER 24, 2022

The US real estate market is worth an estimated $226.8 billion in 2022 , making it a prime target for cybercriminals looking to make a quick buck by hacking into databases and stealing information on properties that are up for sale or rent. With so much at stake, cyber attacks can be particularly devastating for realtors. Unfortunately, not everyone is sure how to actively protect their business against it.

Agents 91

Agents Commercial As-is Sales 91

Eye on Housing

OCTOBER 25, 2022

After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of the year, respectively. A possible factor behind this trend is that the inventory of new homes for-sale is 25% higher.

New Construction 128

New Construction Construction Sales As-is 128

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

HomeLight

OCTOBER 24, 2022

A stunning, well-appointed kitchen makes cooking and entertaining a breeze. Plus, upgrading the heart of the home attracts buyers and helps raise home value. But before you can host your next dinner party in your dream kitchen, you’ll have to drum up the cash for upgrades. So just how much is it to remodel a kitchen? Here’s the short answer: According to Harvard University’s Center for Joint Housing Studies, homeowners spend an average of $6,329 for a minor kitchen update and $42,816 for a major

Renovation 124

Renovation Loans Equity Design 124

Redfin

OCTOBER 24, 2022

When it comes to selling your house, one of the most important things you can do is upgrade the look of your home. Like a job interview, a strong first impression can make all the difference, so you want to make sure your home is “dressed to impress.” That’s where staging comes in. To ensure that your house looks its best for potential buyers, here are some tips for staging a house on a budget. 1.

Staging 59

Staging Design As-is Agents 59

Notorious ROB

OCTOBER 24, 2022

This will be a quick one. Just had lunch with a friend and client who has been a broker for decades. We got to talking about what we both think is headed our way in the next several quarters. Basically, doom for real estate in a variety of ways as the Fed tries its best to kill the economy — particularly buying homes. We got to talking about comparisons of what we expect to see in 2023 vs. what we both saw in 2008.

Brokerage 88

Brokerage Bankruptcy Property Management Title 88

Eye on Housing

OCTOBER 24, 2022

The share of adults planning a home purchase within a year rose to 15% in the third quarter of 2022, up from 13% in the first half of the year. The marginal increase suggests that the prospect of higher mortgage rates in the near term may be leading a small segment of consumers to consider the purchase of a home.

Mortgages 100

Mortgages 100

Real Trends

OCTOBER 24, 2022

“Autumn shows us how beautiful it is to let things go.” As we dive deep into the fourth and final quarter of yet another strange and unpredictable real estate year, this is a great time to pause and reflect. Then, buckle up, and finish strong with a solid pipeline going into 2023! As someone who supports and coaches a lot of real estate agents, this has been an emotional pivot: navigating terminating deals , quickly-changing affordability, and of course a rapid decrease in production

Technology 78

Technology Marketing Staging Agents 78

Housing Wire

OCTOBER 27, 2022

On Thursday, the gross domestic product data for the third quarter showed the U.S. economy grew at a rate of 2.6%, breaking the negative GDP streak we had in the past two quarters. Does this mean the Federal Reserve needs to hike rates even more to get the recession they’re looking for, or is there a case for mortgage rates to go below 6% over the next six months?

Mortgages 543

Mortgages Marketing As-is Construction 543

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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

OCTOBER 28, 2022

Some Highlights. Even with higher mortgage rates, the mortgage process doesn’t need to be something you fear. Here are some steps to help as you set out to buy a home. Know your credit score and work to build strong credit. When you’re ready, lean on the pros and connect with a lender so you can get pre-approved and begin your home search. Any major life change can be scary, and buying a home is no different.

Pre-approval 289

Pre-approval Mortgages As-is 289

Maximum Exposure Real Estate

OCTOBER 25, 2022

The Ultimate Guide to Shared Driveways If during your home shopping, you come across a property with a shared driveway, there is a good chance you will have some questions before you decide to purchase. The automatic question from most buyers is, “how do shared driveways work”? The other question I often hear as a […]. The post What to Know About A Shared Driveway appeared first on Maximum Real Estate Exposure.

As-is 137

As-is 137

Eye on Housing

OCTOBER 28, 2022

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that new home sales financed through FHA numbered 11,000 and accounted for 7.5% of the total in Q3 2022–the smallest share since the fourth quarter of 2007. The share has dropped by nearly two-thirds since the spring of 2020. In contrast, the share.

Sales 126

Sales Finance Lending Loans 126

Housing Wire

OCTOBER 28, 2022

Pending home sales continued their downward spiral in September, recording a 10.2% month-over-month decline that resulted in an index reading of 79.5, according to data released Friday by the National Association of Realtors. This is the fourth consecutive month of declines. Pending home sales have now fallen in 10 of the last 11 months. Economists predicted that pending home sales would drop by 4.0% in September.

Sales 528

Sales Banks Mortgages Loans 528

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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

OCTOBER 27, 2022

If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today.

Marketing 239

Marketing 239

GeekEstate

OCTOBER 25, 2022

In this week’s founder interview, we’re bringing you Melinda Witmer from Foiye. Without further ado…. Who are you and what do you do? My name is Melinda Witmer and I’m the founder & CEO of Foiye, a new social entertainment platform for the home, design, and real estate enthusiast. Before founding Foiye, I spent 25 years in senior leadership roles at Time Warner Cable (now Spectrum) and HBO.

Design 124

Design Technology Agents As-is 124

Eye on Housing

OCTOBER 28, 2022

For the second straight quarter, more prospective buyers expect housing availability to improve. In the third quarter of 2022, 37% of buyers expect the home search to get easier in the months ahead, up from 17% and 22% in the first and second quarters of the year, respectively. More for-sale inventory and less competition from buyers priced-out by higher mortgage.

Mortgages 122

Mortgages Sales 122

Housing Wire

OCTOBER 26, 2022

September new home sales beat expectations, but don’t get too excited. While monthly supply rose in this report, the previous reports were all revised lower and sale levels are still historically low. New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%. As I have always tried to stress with home sales data, we have not had a massive credit sales boom like the one we saw during the housing bubble years, so we can’t

Sales 487

Sales Construction Mortgages As-is 487

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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

OCTOBER 26, 2022

With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble.

Marketing 262

Marketing 262

Sotheby's International Real Estate

OCTOBER 24, 2022

????. Sotheby’s Luxury Week, a sale series that showcases the best of the best in each discipline, elevates luxury to the level of art. Encompassing Jewelry, Watches, Collector Cars, Designer Handbags, Sneakers and Wine, this sale series is a testament to the new definition of luxury and the evolving role played by auction houses in the sector. Explore the extraordinary pieces on offer through November 15.

Design 121

Design Sales 121

Eye on Housing

OCTOBER 27, 2022

Real GDP grew in the third quarter, after shrinking for the first two straight quarters of 2022. This quarter’s growth was mostly fueled by a decline in the trade deficit. More important, the data from the GDP report suggests that inflation is cooling. The GDP price index, rose 4.1% for the third quarter, down from a 9.0% increase in the.

Residential 119

Residential Construction 119

Housing Wire

OCTOBER 28, 2022

More than 18 months after the planned merger was announced, Flagstar Bank and New York Community Bank on Friday received approval by the Office of the Comptroller of the Currency. The depository banks, which first announced plans 19 months ago, extended their agreement to merge from Oct. 31 to Dec. 31, but still require the approval of the Federal Reserve.

Banks 444

Banks Lending Mortgages Finance 444

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

Keeping Current Matters

OCTOBER 25, 2022

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before.

Marketing 229

Marketing 229

Realty Biz

OCTOBER 27, 2022

If you're looking for a new business or investment vehicle, real estate is one that is foundational to wealth-building. New home constructions have a combined value of more than $514 billion. When you'd like to stay up-to-date with changes in the housing market so that your efforts pay off, you need to understand how technology is playing a role. Perhaps more than any other industry, technology will dictate the way we move forward with real estate.

Technology 117

Technology Marketing As-is Construction 117

Eye on Housing

OCTOBER 27, 2022

Housing’s share of the economy edged lower at the end of the third quarter of 2022. This is the first quarter where GDP increased for 2022, with overall GDP increasing at a 2.6% annual rate, following a 0.6% decrease in the second quarter and 1.6% decrease in the first quarter. However, due to higher interest rates, housing’s share of GDP.

119

119

Housing Wire

OCTOBER 26, 2022

Nonbank mortgage lender and servicer Pennymac Financial Services imposed a new round of layoffs to its employees this week, ahead of its third-quarter earnings report on Thursday. . The California-based company had several rounds of layoffs this year, including a workforce reduction of 236 employees in March, another 207 staff members in May and additional 32 jobs in July. .

Loans 418

Loans Development Mortgages As-is 418

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Agents

BubbleInfo

OCTOBER 27, 2022

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC Average and Median Prices by Month Month # of Sales Avg. LP Avg. SP Median LP Median SP Feb 224 $2,298,797 $2,257,334 $1,719,500 $1,758,000 March 252 $2,295,629 $2,260,524 $1,800,000 $1,825,000 April 357 $2,396,667 $2,403,962 $1,799,900 $1,828,000 May 300 $2,596,992 $2,581,715 $1,900,000 $1,994,500 June 348 $2,509,175 $2,537,953 $1,900,000 $1,967,500 July 311 $2,421,326 $2,442,738 $1,795,000 […].

Sales 112

Sales 112

Lighter Side of Real Estate

OCTOBER 27, 2022

Home and Garden Television, better known as HGTV, is a great way to get your real estate fix without leaving the comfort of your own home. You can vicariously sell a house, buy a house, flip another, and go look for a vacation home in the matter of a couple of hours. It can almost make you feel like a real estate expert if you’re not careful! The next thing you know, you’ll be getting up off the couch and becoming a real estate agent.

House Flipping 111

House Flipping Agents As-is 111

Eye on Housing

OCTOBER 26, 2022

Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September. Following a brief uptick in August, sales of newly built, single-family homes in September fell 10.9% to a 603,000 seasonally adjusted annual rate, according to newly released data by the.

Sales 117

Sales Construction Mortgages 117

Housing Wire

OCTOBER 27, 2022

Independent mortgage brokers are beginning to have the products and tech tools needed to compete with banks and large retail lenders, and customers are reaping the benefits of this growing channel. HousingWire recently spoke with Desmond P. Smith , chief growth officer for United Wholesale Mortgage, about the transition from retail to wholesale for brokers and what the future of the independent broker channel holds. .

Banks 418

Banks Loans Mortgages Industrial 418

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