Housing Wire

JUNE 21, 2022

The housing nightmare continues. The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 million , down 3.4% from the previous month and 8.6% from last year. But, the savagely unhealthy data line was that home prices are up 14.8%. Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, has

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Purchase and sale agreement Marketing Sales Mortgages 540

Eye on Housing

JUNE 21, 2022

As rising mortgage rates and higher home prices continued to price out homebuyers, existing home sales declined for four consecutive months, according to the National Association of Realtors (NAR). However, the trend in home price appreciation continued as supply remained tight. The median existing home prices in May surpassed $400,000, the highest level on record since 1999.

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The Close

JUNE 21, 2022

Real estate farming is a lead generation and marketing strategy used by real estate professionals to generate consistent business from a specific geographic area. Agents farm a specific neighborhood by providing consistent value and attention and cultivating relationships—thereby generating leads that evolve into long-term clients and reliable business.

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Keeping Current Matters

JUNE 24, 2022

Some Highlights. When it comes to pricing your house, there’s a lot to consider. The only way to ensure you price it right is by partnering with a local real estate professional. To find the best price, your agent balances current market demand, the values of homes in your neighborhood, where prices are headed, and your home’s condition. Don’t pick just any price for your house.

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Agents Marketing 277

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 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title.

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Real Trends

JUNE 21, 2022

As markets across the country have cooled thanks to rising mortgage rates and higher home prices, existing home sales fell in May for the fourth consecutive month. The seasonally adjusted sales rate for existing homes fell 3.4% to 5.41 million from April , according to a report from the National Association of Realtors released Tuesday. The sales pace is down 8.6% compared to a year ago. “Home sales have essentially returned to the levels seen in 2019 — prior to the pandemic — after two ye

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Sales Mortgages Investor Marketing 141

Keeping Current Matters

JUNE 22, 2022

Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind.

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Loans Mortgages 298

Housing Wire

JUNE 22, 2022

JPMorgan Chase , the nation’s largest bank, has started a workforce reduction of its mortgage lending business this week after having been struck by a tightening monetary policy that drove mortgage rates to over 6%. “Our staffing decision this week was a result of cyclical changes in the mortgage market ,” a spokeswoman for JPMorgan wrote in a statement on Wednesday.

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Eye on Housing

JUNE 24, 2022

After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest rate hike. Sales of newly built, single-family homes in May increased 10.7% to a 696,000 seasonally adjusted annual rate from an upwardly.

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Sales Mortgages Marketing 128

GeekEstate

JUNE 21, 2022

In this week’s founder interview, we interviewed Hayden James from Fraction. Without further ado…. Who are you and what do you do? My name is Hayden James, and I am the CEO and Co-Founder of Fraction. I am a husband and father and above all, a serial entrepreneur looking to make the homeownership experience fairer. What problem does your product/service solve?

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Debt-to-income ratio Finance Equity Mortgages 124

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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

JUNE 21, 2022

If you own a home, your net worth likely just got a big boost thanks to rising home equity.

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Housing Wire

JUNE 24, 2022

New home sales beat the headline estimates and had positive revisions. How on earth did that happen? Not only that, the monthly supply data was revised lower from nine months to 8.3 months for the previous report. Let me tell you, we had a lot of shocked faces in economic land this morning. First, we must never forget that the new home sales reports can be very wild month to month and that positive or negative revisions are widespread.

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Sales Construction Mortgages Loans 487

Sotheby's International Real Estate

JUNE 21, 2022

A scenic coastal stretch of rocky coves, forest groves, and enchanting beaches, Pebble Beach is known the world over for luxurious resorts, celebrated golf courses, and the scenic historic 17-Mile Drive that meanders between Monterey and Carmel. Just steps from the area’s renowned Lodge at Pebble Beach—with its superior golfing, restaurants, and boutiques—this handsome five-bedroom home is a welcoming oasis with views of the iconic sights, including Stillwater Cove and Carmel Bay, that make the

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GeekEstate

JUNE 20, 2022

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Latchel.]. One upside to renting is the ability to call someone else when something goes haywire with the property. While a great perk for tenants, the hassle of managing a property is a big reason landlords are likely to sell an investment property.

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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

JUNE 20, 2022

Today we take time to honor and recognize the past and present experiences of Black Americans.

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Marketing 253

Housing Wire

JUNE 22, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, wants to beat rival lenders by offering competitive pricing to brokers, a move designed to navigate a shrinking mortgage market with compressed margins. UWM dropped rates by 50 to 100 basis points across all loan types, the company said in a release. The new program follows UWM’s two-month price-match trial that ends June 30.

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Loans Loan Officer Banks Mortgages 459

Realty Biz

JUNE 24, 2022

According to the National Association of Realtors , highlights indicate that existing and pending home sales have seen a steep decline. The housing market showcases a housing shortage, with rising mortgage rates at 5.8% and inflation rates at 8.6%. This makes it incredibly difficult for potential buyers despite solid demand. . Real estate agents’ response to declining homeownership opportunities can be made through a powerful and proactive digital presence.

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Agents As-is Marketing Sales 122

HomeLight

JUNE 21, 2022

After going through the stressful process of staging and showing your house, you’ve accepted an offer that exceeds your expectations. You can’t wait to close the deal so you can move out and begin the next chapter of your life. But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal.

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Inspection Purchase and sale agreement Pre-approval Inspection contingency 122

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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

JUNE 23, 2022

If you’re following along with the news today, you’ve heard about rising inflation.

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Housing Wire

JUNE 21, 2022

Despite mortgage rates reaching the highest level in 14 years, mortgage applications increased 4.2% from the prior week, according to the latest Mortgage Bankers Association (MBA) survey for the week ending June 17. “Mortgage rates continued to surge last week, with the 30-year fixed mortgage rate jumping 33 basis points to 5.98% – the highest since November 2008 and the largest single-week increase since 2009,” Joel Kan, associate vice president of economic and industry forecasting for the trad

Mortgages 480

Mortgages Fixed-rate mortgage Loans Industrial 480

Realty Biz

JUNE 24, 2022

One of the main reasons why new real estate agents fail is because they are unable to market themselves effectively. A high proportion ( 87% ) of new real estate agents fail within five years of entering the profession. However, real estate brokers in the top 10% earned more than $150,000 a year. Local real estate marketing is an important aspect of an overall business strategy.

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Maximum Exposure Real Estate

JUNE 20, 2022

Have you heard the term “kick-out clause” and wondered what it meant? In many home sales, time is essential. The seller might need their buyer to close on the home in a certain period. The problem is that many things often get in the way of things going the way you want. Often contingencies can […]. The post What is a Kick Out Clause in Real Estate appeared first on Maximum Real Estate Exposure.

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Closing Sales Marketing 116

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

Eye on Housing

JUNE 23, 2022

Hispanics are an important source of labor in the U.S. construction industry, where skilled labor shortage is a long-term issue. One in three workers in the US construction industry is Hispanic. The latest labor force statistics from the 2021 Current Population Survey show that Non-Hispanic Whites account for the majority of workers in the construction industry (59%).Hispanics make up close.

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Construction Industrial Closing 116

Housing Wire

JUNE 24, 2022

Mortgage lender First Guaranty Mortgage Corporation cut about 80% of its workforce on Friday and has stopped accepting new mortgage applications, HousingWire has learned. Former employees said the lender has “essentially shuttered.” According to two former FGMC employees, the company on Friday laid off around 500 employees without severance payment, meaning only 100 staffers remain. .

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Loans Equity Mortgages Closing 448

Realty Biz

JUNE 19, 2022

Real estate technology will inevitably change the way you run your business. Times have changed and so have the real estate technology tools that agents use to communicate with potential clients, generate leads, and keep their business afloat. No matter if you’re an experienced agent or just starting out, there are apps that can make your life easier as a real estate agent.

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Agents Technology Industrial Investor 117

Lighter Side of Real Estate

JUNE 21, 2022

If you’re either in the process of buying a house, or thinking of jumping into the market, you’re probably well aware that rates have jumped significantly in recent weeks. And that likely doesn’t feel or sound like anything good to you. But what you might not be well aware of is that, according to Chair of the Federal Reserve, Jerome Powell, raising interest rates is actually being done (at least in part) for the good of home buyers.

Equity 113

Equity Mortgages Marketing As-is 113

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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

Eye on Housing

JUNE 22, 2022

Nonfarm payroll employment increased in 32 states and the District of Columbia in May compared to the previous month while 18 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 390,000 in May, following a gain of 436,000 jobs in April. On a month-over-month basis, employment data was strong in Texas, which.

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Construction Marketing 115

Housing Wire

JUNE 22, 2022

Hackers stole the personal information of 1,547,169 clients of Michigan-based Flagstar Bank in December, according to a document sent by the financial institution to the Office of the Maine Attorney General. The cyberattack occurred on Dec. 3 and Dec. 4, 2021, but the company discovered it on June 2, 2022, the document shows. The external data breach resulted in hackers accessing customers’ social security numbers. .

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Banks Residential Mortgages Marketing 435

Brownstoner

JUNE 22, 2022

A long-awaited second entrance for the deep and cavernous York Street subway station on the F line in Dumbo would cost nearly half a billion dollars to build, according to the MTA. The eye-watering price tag to construct a full new entry and exit to the station would be between $420… Read More > The post MTA Says Price Tag for Second York Street Station Exit Could Hit Almost Half a Billion appeared first on Brownstoner.

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Construction 116

Realty Biz

JUNE 20, 2022

Moving to a New Home with Pets. When moving day arrives, no one wants to leave behind their favorite family member, right? But, if your pet has become clingy, standoffish, or maybe excited at the sight of the suitcase, then you know how sensitive they can be to the change of scenery. Therefore, you can expect the same reaction when moving, especially if long-distance trips are involved.

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Residential Marketing 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