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The state of the homebuilding market

Housing Wire

Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. of builders showed profitability with $1 million plus contracts on average. Homebuilding Contract Values.

Marketing 464
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Reverse mortgage originators on the referral opportunities they’re watching in 2024

Housing Wire

Opportunity in the current mortgage market may be challenging to find — and that could arguably be truer for those who offer reverse mortgage products for clients. That leaves a reverse mortgage option, which would then eliminate the existing forward mortgage payment, and such clients remain key for Cullen’s business, he said.

Mortgage 396
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homegenius Real Estate’s geniusprice allows agents to conduct pricing estimates in as little as five minutes

Housing Wire

So much has evolved in the real estate process – agents and brokers no longer flip through the pages of MLS books, thumb through a Rolodex or fill out carbon copy contracts with their clients. geniusprice technology is not a CMA. For more information on geniusprice technology, please visit homegenius.com.

Agents 364
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Six Essential Steps to Commercial Real Estate Success

Cleveland Appraisal Blog

Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Perhaps the most important trait for a commercial real estate developer is the ability to identify an ideal piece of land. Image by Unsplash. Network to get funding.

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Mortgage lenders, borrowers react to banks closures 

Housing Wire

” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals.

Mortgage 370
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Get more real estate buyer leads in 2024

Housing Wire

Snatching up first-time homebuyers is akin to striking gold — since developing a relationship with them can mean a loyal client for life. Regular communication keeps you top-of-mind when clients are ready to make a move. Of course, you can’t do everything — but consistency is important.

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Rise above the panic, for the housing market’s sake

Housing Wire

While an influx of defaults could certainly harm banking institutions, this is the fear-mongering I advise my team and my clients to avoid. compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. I think so too.

Retail 388