Thu.Jan 19, 2023

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The title industry’s role in uncertain times

Housing Wire

After years of historic growth, the housing market is beginning to normalize. Home prices nationwide fell between August and September, marking the first time prices have declined for three consecutive months in nearly four years, according to the Case-Shiller National Home Price Index. As both the real estate industry and consumers prepare for what’s to come, it is critical that we do not take for granted the products and systems that have carried us through other cycles of economic downturn.

Insurance 446
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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

Have you heard of a property being overimproved, or super adequate? How about underimproved? Unless you’re in the property valuation profession, you may not have. What do these things indicate? The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value.

Appraisal 284
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Mortgage rate protections, price discounts help reel in hesitant borrowers

Housing Wire

Declining mortgage rates spurred the demand for home loans at the beginning of 2023, spreading optimism across the industry. But that’s not the only reason for the uptick. After months of a slowing housing market, sellers are offering more discounts to close deals and mortgage lenders are launching programs to protect their clients’ rates. “The fall in mortgage rates creates opportunities for many buyers, as a lower mortgage rate brings down the monthly payment,” Nadia E

Mortgage 404
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23 video content ideas every real estate agent should make in 2023

Inman

Whether you’re going all in on video in 2023 or creating your first, these 23 video content ideas from Jimmy Burgess will get you in front of more potential clients, position you as the local expert and get your creative juices flowing.

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Did Michael Strauss, accused of fraud, just start a new mortgage company?

Housing Wire

When industry veteran Michael Strauss abruptly shut down Long Island-based Sprout Mortgage in early July, there was uproar. Shocked employees didn’t receive their last paychecks. There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The lawsuits quickly came pouring in, but Strauss never did seek bankruptcy protection for Sprout or its affiliates.

Mortgage 397
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VC trends to watch, leadership tips and leveraging video

Inman

Inman Access is dropping three new classes to help you navigate shifts in investor sentiment, expand your skills as a team leader and get the best tips on leveraging video as a marketing tool.

Tools 159

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Remodeling Market Sentiment Weakened in Fourth Quarter but Remains Positive

Eyes on Housing

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter of 2022 posted a reading of 66, falling 17 points from the fourth quarter of 2021. While there is a sharp decline in RMI year-over-year, it remains in positive territory as remodeling continues to outperform the rest of the residential construction sector, whether one looks at construction spending or.

Marketing 155
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When volumes decline, loan quality must reign supreme

Housing Wire

While the new year is here, the effects and fears of 2022 have yet to run their course. The Mortgage Bankers Association (MBA) reported that mortgage applications recently hit their lowest rate since 1996 , and Fannie Mae’s most recent estimate shows that origination volume will decline to $1.7 trillion in 2023. As financial institutions weather this shift in the market, every loan opportunity becomes more critical than the last.

Lending 353
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Mortgage rate swing created ‘more normal’ market in December

Inman

Slowing mortgage rate growth impacted homebuyers and sellers in different ways in December, according to Zillow's latest market report. The dip was enough for buyers to navigate the winter market, but wasn't enough for would-be sellers to list.

Marketing 151
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loanDepot and Black Knight partner on integrated loan origination system

Housing Wire

Nonbank California lender loanDepot will start moving some of its backend operations to Black Knight ‘s cloud-based version of the Empower loan origination system this year as the firm continues its efforts to cut costs. Black Knight’s loan origination system will complement and integrate with loanDepot’s proprietary technology system, mello, which rolled out in 2017, Black Knight said on Thursday.

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Layoffs hit rent-to-own company Home Partners of America

Inman

Layoffs come a week after the shutdown of RealSure, Home Partners' iBuyer joint venture with real estate franchising giant Anywhere, and include Pathlight Property Management.

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[Video] eSign in Digital Forms: 4 Use Cases for Your Business

GoForrmz

Capture legally binding electronic signatures within your digital forms. In an all-digital world, meeting the data security and compliance requirements with your workplace documents is a minimum expectation of your clients. With GoFormz + eSign, you can now seamlessly digitize your paper documents while capturing legally binding electronic signatures - all within seconds.

Business 148
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The Adrian and Natalie Team joins Corcoran Group from CORE

Inman

Founded in 2018, the team's career sales volume exceeds $300 million, and in 2022, the team was ranked one of the top in New York State by RealTrends.

Brokerage 161
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HUD Announces Numerous Changes to Handbook 4000.1

McKissock

On January 18, 2023, HUD issued an announcement regarding revisions made to Handbook 4000.1. According to the announcement, the revisions included “enhancements and revisions to existing guidelines and various technical edits.” The most significant of these revisions was the elimination of the requirement to include the 1004MC form as an attachment to the appraisal report.

HOA 117
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The Agency 2022 Red Paper: A softening, but still strong market

Inman

"The key takeaway is this," CEO Mauricio Umansky said of this year's report. "Housing remains a primary investment for the world’s most affluent citizens and a safe hedge against inflation.

Marketing 142
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Will 2023 Be a Good Time to Invest in the Real Estate Market?

Mashvisor

Many consider real estate investing a foolproof way to build a consistent flow of income. What can you expect in the real estate market 2023?

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New year, new listing: 10 ways to update that won’t break the bank

Inman

Whether it’s a brand-new listing or last year’s listing that’s still languishing on the market, these updates from Doora Designs' Antoinette Fargo will make it look like new.

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Is Buying a Condo a Good Investment in Massachusetts

Buys Brokers Only LLC

Whether or not buying a condo is a good investment or a good idea depends on your personal circumstances and your preferences in a home. There are several factors to consider.

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Broker Spotlight: Hilary Farnum-Fasth, Corcoran Reverie

Inman

This week the spotlight shines on Hilary Farnum-Fasth of Corcoran Reverie, a broker serving markets in both North Florida and Tennessee.

Marketing 155
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Why and Where to Invest in the Denver Real Estate Market in 2023

Mashvisor

The Denver real estate market is one of the hottest housing markets in Colorado. What is the forecast for real estate investors in 2023?

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IBuying-minded HomeBldr upgrades investment analysis tools

Inman

The reporting tool determines a number of return-on-investment scenarios, taking into account market conditions, available financing and any need for renovations and improvements.

Tools 130
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Is it time for the mortgage stress test to be adjusted?

Mortgagebroker News

Current interest rates means there's a case to be made for a change, says market analyst

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Opendoor explores the possibilities of a move in new ad campaign

Inman

The campaign dubbed "This is a Door" pays tribute to the unexpected possibilities that go along with turning a new chapter in life, such as weddings, having babies and adopting new pets.

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How quickly is the market adapting to rate hikes and other policy shifts?

Mortgagebroker News

"I think it's taking us a little longer to see the results of some of the policy changes coming through"

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How to help your agents break into the investor niche

Inman

In this week’s video column, @properties Christie’s International Real Estate executives Amy Corr and Kevin Van Eck encourage brokers to look to investment and second home properties as a way for their agents to maintain income and grow their businesses – especially in a changing market.

Agents 125
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VWR Capital gears up for a strong 2023

Mortgagebroker News

The lender has been putting brokers front and centre as it readies for another busy year

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The key to real estate success? It’s not who you know, it’s how you connect

Inman

In real estate, time is money. Knowing a little of what to expect at the upcoming Inman Connect will help you feel right at home and make the most of your time in New York.

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Six Benefits Of Exchanging Into Delaware Statutory Trust Properties

BiggerPockets

There are a number of potential benefits associated with exchanging into a Delaware Statutory Trust (DST) 1031 property.

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Canada rent prices – what’s the latest?

Mortgagebroker News

New report highlights rent rate movements in major urban markets

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Margin Loans: Low-Interest Lending or Risky Rates?

BiggerPockets

Margin loans could be the sneakiest way to snag a low-interest rate loan in today’s Fed-influenced environment.

Lending 53
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How did HomeEquity Bank fare in 2022?

Mortgagebroker News

Reverse mortgage provider releases latest annual results

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The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know

BiggerPockets

Multifamily real estate is by no means an easy asset class to buy into.

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How is the Canadian luxury housing market faring?

Mortgagebroker News

New Sotheby's report outlines market highs and lows in 2022

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For mortgage rates to get better, we need more housing completions

Housing Wire

The Census Bureau ‘s housing starts report for December shows that housing completions are still too slow, and we are running out of time this year as housing permits are set to fall until the homebuilders get rid of their excess supply. We had some good news this week for the housing market : purchase application data is up , the builder’s confidence index rose to beat estimates, and the 10-year yield and mortgage rates have fallen.

Mortgage 471