Wed.Jan 12, 2022

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Two Ways Homebuyers Can Win in Today’s Market

Keeping Current Matters

If your goal is to purchase a home this year, you might be looking for any advantage you can get in today’s sellers’ market.

Marketing 240
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Purchase loans drive mortgage applications higher

Housing Wire

Mortgage applications climbed 1.4% for the week ending Jan. 7, 2022, according to a survey published by the Mortgage Bankers Association this week. The growth was buoyed by a 2% increase in the trade group’s seasonally adjusted purchase index, the MBA said. Per the report, the unadjusted purchase index increased 51% compared to the previous week but was 17% lower than the same week one year ago.

Loans 433
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Four Canadian Banks Urge The BoC To Raise Rates, Another Is Warning Home Buyers

Better Dwelling

The kings of Bay Street aren’t happy with Canada’s central bank, and they’re no longer holding back criticism. Four of the “Big Six” banks have recently urged the Bank of Canada (BoC) to raise the overnight rate. Another bank hasn’t urged action, yet. However, they’ve warned consumers of the risk of buying a home at […]. The post Four Canadian Banks Urge The BoC To Raise Rates, Another Is Warning Home Buyers appeared first on Better Dwelling.

Banks 145
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Guaranteed Rate closes Stearns wholesale channel

Housing Wire

Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending , just one year after it acquired the multichannel lender. “Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the best loan officers in the business,” Guaranteed Rate CEO Victor Ciardelli wrote in an email to brokers that HousingWire reviewed.

Closing 382
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Bank of Canada Will Raise Rates 500% This Year, To Start Within Weeks: National Bank

Better Dwelling

Canada’s central bank is about to take away the punch bowl real estate has been binging on for the past few years. The National Bank of Canada (National Bank) has forecast interest rates will rise over the next few weeks to combat inflation. Canada’s freshly lowered neutral rate means this will top out fairly fast, […]. The post Bank of Canada Will Raise Rates 500% This Year, To Start Within Weeks: National Bank appeared first on Better Dwelling.

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Inflation Hits 39-Year High

Eye on Housing

Led by higher prices for shelter and used vehicles, consumer prices soared by 7.0% in December from a year ago. It was the largest year-over-year gain since June 1982. However, energy prices fell in December, ending a long series of increases. Supply-chain constraints and strong consumer demand related to the pandemic and the reopening of the economy have contributed to.

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CoreLogic leadership change: CEO Frank Martell resigns

Housing Wire

It’s a new year, but CoreLogic is still undergoing big changes, the latest a resignation of its CEO, Frank Martell. The Irvine, California-based housing data company announced Wednesday that Pat Dodd — a onetime executive at television ratings giant Nielson — will ascend from his position as chief operating officer and replace Martell as CEO on an interim basis.

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Be Smart About Paying Off Your Mortgage Early

Realty Biz

The second American Dream is owning your home free and clear. It comes right after buying a home in the first place. Millions of Americans take action to pay off their homes early instead of dragging it out for 30 years at an extra cost of tens of thousands of dollars. However, there is a right time and the right methods to go about this. For a primer on how to do it correctly, read the article: How to Pay Off Your Mortgage in a Few Short Years.

Mortgages 107
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First American to acquire Mother Lode Holding Company

Housing Wire

First American Financial Corporation , the second largest of the “Big Four” title insurers, announced plans to acquire Mother Lode Holding Company and its subsidiaries on Wednesday. The financial terms of the deal were not disclosed, and the closing of the transaction is subject to regulatory approval. Mother Lode Holding is a California-based provider of title insurance, underwriting and escrow services for residential and commercial real estate transactions with 92 offices in 11 states.

Title 360
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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How Long Does It Take to Close on a House From Start to Finish?

HomeLight

You’ve accepted an offer on your house and both you and the buyer have signed the purchase contract. How long does closing take from here? Next steps include the home inspection, appraisal, and final paperwork. But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021.

Closing 113
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Rising Mortgage Rates

BubbleInfo

Mortgage rates have been rising steadily: 2022 has gotten off to a bad start for the bond market and consequently, mortgage rates. The pace has been on the aggressive side with the average lender seeing an increase of more than a quarter of a point in a week and 3/8ths of a point in 2 weeks. The most […].

Mortgages 105
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On a Mission to Make a Difference by Serving Clients and Saving Children

RIS Media

As President and CEO of the Nick Shivers Team at Keller Williams Portland Central, Nick Shivers leads one of the top real estate teams in Oregon and Southwest Washington. And while he’s passionate about the business, he’s especially proud of the philanthropic work he does through Sell a Home, Save a Child, a nonprofit organization he co-founded five years ago.

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What Is House Shame? Here’s How To Overcome It

Realtor.com

Getty Images The feeling of house shame—sometimes also called “housebarrassment”—is precisely what it sounds like: a deep sense of discomfort when it comes time to introduce your home to others. House shame, much like body shame, is something many people worldwide have dealt with, long before there was a name for it. Unfortunately, the prevalence of house shame appears to be on the rise.

Design 97
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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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Housing Experts Divided on Whether Sales Will Rise or Fall in 2022

RIS Media

An outside panel of economists and housing experts who participated in Zillow’s most recent Home Price Expectations Survey, were evenly split on whether sales will rise or fall in 2022, as concerns over worsening affordability collide with expectations for rising inventory. When asked whether sales will rise or fall in 2022 compared to 2021, 41% of participants said sales will grow, 41% predict a slowdown, and 18% believe sales will remain roughly the same. “In America’s frenzied pan

Sales 98
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Get Some Tips on Decorating on a Budget With This 1942 Brooklyn Heights Apartment Makeover

Brownstoner

It might be a bit harder to decorate a Brooklyn apartment for less than $500 these days, but that is what one couple was able to do in 1942. With some careful budgeting, creative reuse of secondhand finds, a splash of color and "lots of elbow grease," the studio apartment… Read More > The post Get Some Tips on Decorating on a Budget With This 1942 Brooklyn Heights Apartment Makeover appeared first on Brownstoner.

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Mortgage Applications Increase in Latest MBA Weekly Survey

RIS Media

Mortgage applications increased 1.4 percent from one week earlier, for the week ending January 7, 2022. According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, the Market Composite Index, which measures the mortgage loan application volume, increased 1.4 percent on a seasonally adjusted basis from one week earlier.

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Bridget Blue offers training course for real estate admins

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Bridget Blue offers training course for real estate admins. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Hiring and training a real estate administrator is a daunting task.

Agents 93
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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HomeServices of America® Closes 2021 with Five New Acquisitions

RIS Media

HomeServices of America, Inc. closed 2021 with simultaneous acquisitions of five companies, the firm announced this week. The acquisitions add 1,400 sales associates, 15,000 transactions, and nearly $8 billion in closed sales volume to HomeServices’ 2021 portfolio and strengthen its commitment to fulfilling a “customer-for-life” business model. Financial terms were not disclosed.

Closing 98
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Racing the Rates—Should You Sell Your House Now?

Lighter Side of Real Estate

Typically it’s buyers who are most concerned about rising mortgage interest rates, and for good reason. A small jump in rates will cost them a few more bucks per month for the same house than it would’ve if they hadn’t waited to make an offer and lock in a rate. Add a few of those rate hikes together before they buy, and the added cost can be really aggravating.

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Inflation Climbs to Historic Levels at 7%

RIS Media

The Bureau of Labor Statistics (BLS) released its consumer price index (CPI) summary Tuesday morning showing an almost 40-year high year-over-year increase in December at 7%, with core inflation at 5.5%. After months of referring to spiraling price increases as “transitory,” the Federal Reserve has begun approaching the issue with more urgency in recent weeks , planning to accelerate its tapering of bond purchases and estimating three interest rate hikes in 2022 to combat the persistent upward p

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With End of Eviction Moratorium Looming, Housing Activists Fight for Extension and Winter Ban

Brownstoner

Tenants and housing activists marched through Brooklyn and Manhattan on Saturday, calling for an extension to the eviction moratorium and a blanket end to cold-weather evictions in New York City. The moratorium was put in place in March 2020, as New Yorkers across the state had their working hours slashed, or… Read More > The post With End of Eviction Moratorium Looming, Housing Activists Fight for Extension and Winter Ban appeared first on Brownstoner.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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Must-Have 2022 Furniture Pieces

RIS Media

Often, updating a piece or two in a space can give it a fresh look and feel. If you’re looking for a few strategic pieces to give your home a refresh for the new year, you can accomplish this without a complete redesign. Read on to find out the must-have furniture pieces for the year ahead and how to incorporate them into your home. Curved Furniture.

Lending 102
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Should you refinance before retirement?

The Mortgage Report

Refinancing your mortgage before retirement has its benefits, but it may not make sense for everyone. Learn if you should refinance before retirement.

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Remote Ski Towns You Need to Visit

RIS Media

If exploring the road less traveled is your vacation style, leave the resort towns to the masses and plan a vacation to an undiscovered ski town this winter. You will benefit from shorter lines, fewer crowds and beautiful scenery, delicious restaurants and exploring uncharted territory. Read on to learn more about lesser-known resort towns and why you should book your next trip ASAP.

As-is 102
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Budget-Friendly Branding Strategies for Startups

Realty Biz

As a startup owner, you might assume that branding is only essential for big enterprises like Apple, Google, and Burger King. However, branding is necessary for startups as your company’s identity; your audience won’t find you without an identity. Unfortunately, because branding is often seen as a costly project that can be avoided, many startups fail after neglecting to create an identity that enables them to stay in the market for long.

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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2022 Housing Market Faces Changes Amid Economic and Regulatory Activity

RIS Media

With real estate professionals gearing up for another strong year, two of the industry’s leading experts dove into the most significant economic and regulatory issues on the horizon and their implications for the real estate market, during RISMedia’s Real Estate Rocking in the New Year on Jan. 6. Last year saw record-level activity on home prices and mortgage rates.

Marketing 102