Thu.Apr 13, 2023

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Up your small talk game with these topic ideas

Housing Wire

People are working from home. And, if they are in the office, it’s never everyone, everyday. So, you rarely get to see your manager and coworkers face to face. You’re a salesperson, but you no longer stop by your customer’s office because nobody is there. You may be in management, sales, customer service or anything else. Without the day-to-day conversation practice, it’s time to up your small talk game.

Business 382
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Building Materials Prices Climb as Concrete, Transformer Shortages Persist

Eyes on Housing

According to the latest Producer Price Index report, the prices of inputs to residential construction less energy (i.e., building materials) climbed 0.3% in March 2023 (not seasonally adjusted). Since declining the last four months of 2022, the index has increased three consecutive months by a total of 1.6% but has been relatively stable over the past year.

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Mortgage rates drop again amid weaker inflation, slowing job growth

Housing Wire

Mortgage rates have declined over the last several weeks, and it’s helping to lure buyers back into what started out as a slow spring home buying season, Melissa Cohn, regional vice president of William Raveis Mortgage , said. And, the recent rate declines are sparking optimism among economists and loan officers. “On conventional loans, some rates have dropped by over half a percent or more.

Mortgage 370
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The investor who predicted 2008 bubble warns of ‘ominous’ burst

Inman

Jerry Grantham, co-founder of the investment firm GMO, said this week he fears another bubble is about to burst, with the crisis that gripped the banking system in March just the beginning.

Investors 156
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First Federal Bank to acquire BNC National Bank’s mortgage business

Housing Wire

First Federal Bank will acquire the mortgage division of BNC National Bank , which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. The two banks announced they have signed a definitive agreement for First Federal to acquire certain assets and liabilities of BNC National Bank’s mortgage division on Wednesday.

Business 382
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The agent count model doesn’t work for teams

Inman

If you want to see your team implode after a few years, focus on filling seats with anyone who can breathe, Jeff Glover writes. Here’s why the agent count model simply doesn’t work for building a profitable team.

Agents 152

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7 tech tools I regret not using sooner

Inman

We live in an incredible time, where technology and tools provide unique opportunities for us to increase the efficiency of our businesses. If you’re serious about growing your business, the tools and technology mentioned here offer a great way to scale faster.

Tools 151
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Simplifile by ICE Mortgage Technology supports eRecording in over 2,400 counties

Housing Wire

Simplifile by ICE Mortgage Technology electronically connects people, technologies and data in the real estate transaction to streamline their workflows. From pre-closing through post-closing, ICE Mortgage Technology offers electronic services that save time and money compared to traditional methods of managing documents and communication. Specifically, Simplifile is an electronic document and collaboration platform that helps to simplify the process of submitting, tracking and managing real est

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5 steps for leading team members to their peak performance

Inman

Effective leadership is key to getting things done in both the short and long term. Luxury real estate broker coach Chris Pollinger offers his take on team-building strategies that create peak performance and optimum outcomes.

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Touchless Lending by Tavant leverages AI to deliver a customer-centric mortgage experience

Housing Wire

To address the challenges and inefficiencies in the traditional lending process, Tavant has developed the Touchless Lending platform, which leverages advanced technologies like artificial intelligence, machine learning, data analytics and cloud computing. Through Touchless Lending, the company aims to deliver a seamless and personalized borrowing experience while improving operational efficiency and compliance.

Lending 366
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FAQ #15: Can I Request A Different Appraiser?

Riverfront Appraisals

We’ve been exploring several frequently asked questions in this blog series, and most come to me from Realtors, lenders, or homeowners. This question is a tricky one, in that it usually comes from Realtors who don’t want their question to be made public. The conversation usually goes something like this: “Hey Ryan, I have a […] The post FAQ #15: Can I Request A Different Appraiser?

Appraisal 124
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Opinion: The power of saying no in business

Housing Wire

I have often found that where technology and financial services come together, the no’s are necessary. As such, shouldn’t we learn to make them happen productively? Saying no is an inevitability — or rather, it should be. Anyone who has tried to accommodate the ‘yes’s’ all the time could tell you that it is impossible to say yes to everything.

Business 363
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Office vacancy rises above Great Recession levels to record high

Inman

Nationwide vacancy in office buildings is at 12.9 percent. Availability of space is at 16.4 percent. Both are record highs, according to a new report from CoStar.

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Polly hires former ICE Mortgage Technology exec as CRO

Housing Wire

San Francisco-based fintech Polly has hired Parvesh Sahi, a former executive from ICE Mortgage Technology , as chief revenue officer to scale the business in a highly competitive mortgage environment. Sahi will be involved in all aspects of the corporate strategy, business development, sales and account management, the firm said Thursday. Sahi brings to the role more than 10 years across multiple executive positions in sales, strategy, client management and business development teams at compani

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5 mythunderstandings about agent retention in 2023

Inman

Once you've found agents you want to partner with, it's time to put forth the effort to keep them around, and that starts with understanding what agents really want. Here are Livian CEO Adam Hergenrother's top five myths surrounding retention in 2023.

Agents 146
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Canadian Banks Will Exploit Gutted U.S. Mortgage Underwriting

Appraiserblogs

Canadian banks see the newly dismantled underwriting safeguards and risk-shedding experiments at Fannie and Freddie as a way to keep the party going, with the risk passed along to the U.S. taxpayer directly… Canada’s banks are in trouble. Their mortgage portfolios are filled with time-bombs called “fixed-payment” mortgages. Despite the name, the loans contain rate-hike triggers that are causing payment shocks for borrowers.

Mortgage 101
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4 ways to level up your brokerage and develop your team

Inman

By focusing on team development and a team-oriented culture, you can gain a stronger, more experienced team that outsells the competition.

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Wall Street Expects Robust 2023 New-Home Market

Empire Appraisal Group

Wall Street Expects Robust 2023 New-Home Market NEWS & MEDIA akurtz / Getty Images Source: Wall Street Expects Robust 2023 New-Home Market | Florida Realtors Wall Street Expects Robust 2023 New-Home Market By Alex Veiga The stock for many major U.S. builders is up 20% so far as investors bank on it probably “crossing the valley from recession to potential recovery” in fall 2023.

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Industry experts share how to make the most out of the market

Inman

Watch as Jimmy Burgess and Beau Blankenship share their sentiments on what is to come this spring, and what that will look like for agents.

Agents 149
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[Webinar] Feature Spotlight: Calculation Fields in Your Digital Forms

GoForrmz

See how Calculation Fields can save you time and streamline your data capture Manual data entry is not only time-consuming but also prone to human error. In a world where your business demands accuracy and efficiency, it’s time to ditch your paper forms and automate your digital forms to fit your needs. GoFormz offers Calculation Fields to automate calculations, making your data capture faster, easier, and more accurate.

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4 ways to help agents (re)adjust to a normal market

Inman

How the real estate agents in your brokerage respond to change is key. Don’t let it run you over. Make it work for you.

Agents 151
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Are High Tax Rates Forcing Americans To Move? What Does That Mean For Investors?

BiggerPockets

We know California and New York are losing residents every year, but what is the root cause for it? What are the implications for real estate?

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Is your brokerage stuck? Here’s what you’re probably missing

Inman

Fortunately, you don't have to stay stuck in patterns that are no longer working for you or your brokerage. Here's what you may need to create change.

Brokerage 136
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50 Most Expensive Towns in Connecticut

Lamacchia Realty

50 MOST EXPENSIVE TOWNS IN CONNECTICUT As we saw in our 2022 Year in Review Housing Report , home prices continue to rise across Connecticut. The average selling price for a home hit $479,513 by year’s end, an increase of 5.9% compared to 2021, and the highest monthly average selling price this year. Here is a list of the most expensive towns in Connecticut in 2022: 1.

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Broker Spotlight: Eric Bramlett, Bramlett Residential

Inman

Find out how this Austin broker took an initial setback and turned it into a thriving brokerage that's focused on motivating the team.

Brokerage 142
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How will the BoC's latest decision affect the rental market?

Mortgagebroker News

The rental space could expect some substantial financial pressures ahead, observers say

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UWM says it’s hiring as Bloomberg details alleged ‘locker room culture’

Inman

The nation's biggest mortgage lender is planning to hire 500 people and is holding a job fair Saturday just days after a Bloomberg News expose of alleged drug use, discrimination and harassment.

Mortgage 116
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Bank of Canada rate cuts window in 2023 could be narrowing: BMO's Porter

Mortgagebroker News

The central bank "pushed back a little bit harder" on the possibility of a rate cut this year

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Redfin lays off 201 staffers in third round of ‘painful’ cuts since June

Inman

The brokerage said the employees impacted by the latest round of layoffs were mostly in the real estate support department, but some executive were also let go.

Brokerage 113
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The Post-Passing Plan: 3 Steps to Protect Your Family’s Financial Future

BiggerPockets

How important are beneficiary designations? What happens if you die without a will? What are intestate succession laws?

Law 58
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New study highlights sharp changes in Canadian rent rates

Mortgagebroker News

Market demand continues to significantly outstrip rental supply in Canada, new report says

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Dealing Dirt: Is Raw Land the Most Underrated Asset of 2023?

BiggerPockets

Land investing may be the newest way to make cash flow in today’s increasingly difficult housing market.

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Could the Bank of Canada raise rates again in 2023?

Mortgagebroker News

The door is still open to rate hikes after its latest decision, according to a prominent observer

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The Airbnb Pricing Tool Every Host Needs

Mashvisor

Using an automated pricing tool has become a must when running an Airbnb business in order to maximize rental income and return on investment.

Tools 36