Mon.Dec 04, 2023

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This one company owns 9,000+ homes in California (interactive map)

Sacramento Appraisal Blog

Wall Street has invaded Main Street. It’s truly stunning to see that a company like Invitation Homes owns over 9,000 units in California. Today, I want to debut an interactive map I made to show where these homes are located. UPCOMING (PUBLIC) SPEAKING GIGS: 12/08/23 Free Q&A event for appraisers only (on private work) […] The post This one company owns 9,000+ homes in California (interactive map) first appeared on Sacramento Appraisal Blog.

Appraisal 543
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Promising signs abound for 2024 housing market

Housing Wire

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. It’s looking like we’ll end 2023 with higher housing inventory than this time last year.

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Seattle-area brokerage quits NAR, on ‘right side of the story’

Real Estate News

Coldwell Banker Danforth broker/owner says he’s not against NAR, but that he wants agents to be able to decide for themselves if they join or not.

Brokerage 223
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Impatient homebuyers are gradually accepting the reality of the housing market: BofA

Housing Wire

Prospective homebuyers are slowly growing less sensitive to home prices and high-interest rates, and fewer of them are willing to wait for a better market to buy a home. According to Bank of America ’s 2023 Homebuyer Insights report, only 62% of prospective homebuyers are willing to wait for home prices and/or rates to fall, down from 85% in June 2023.

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Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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The Golden State’s housing market could be a sure bet in 2024

Real Estate News

A new ranking of the top 10 cities for growth includes five Southern California metros that could see double-digit sales growth next year.

More Trending

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Trends 2024: NAR is at a crossroads and must take bold steps

Real Estate News

The National Association of Realtors is at risk of becoming irrelevant — or worse. T3 Sixty industry consultants offer their take on how it must reshape itself.

Realtors 208
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Floify launches lending platform for mortgage brokers

Housing Wire

Digital mortgage automation solution provider Floify launched a lending platform for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform. Florfy Broker Edition is designed to provide an intuitive loan management portal for borrowers and make managing loans simpler at an accessible price point while boosting operational efficiency, the company said.

Lending 468
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3 tips for networking at non-real estate luxury events

Inman

When luxury real estate agents need to foster their referral networks and forge new professional relationships, industry events are fundamental. But what about when you want to connect with prospective clients?

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How homebuyers stand to lose from the commission lawsuits: AIME

Housing Wire

We’re writing today to address the unintended consequences that may result from the real estate agent commission dilemma stemming from recent lawsuits. As leaders of a non-profit, the Association of Independent Mortgage Experts ( AIME ), we advocate for over 65,000 wholesale mortgage brokers and homebuyers nationwide. There are multiple lawsuits challenging the prevailing structure of real estate agent commissions, and, as a result, there is no shortage of industry conversation on the topic.

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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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Former Corcoran agent goes on racist rant after drunken encounter

Inman

The video of the New York City-based agent surfaced on Instagram over the weekend, showing him spouting racist terms and bragging about tearing out a Black man's dreadlocks.

Agents 193
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Freddie Mac announces standardized mortgage documents for DPA programs

Housing Wire

Freddie Mac rolled out standardized subordinate lien documents for subordinate mortgages offered by down payment assistance (DPA) providers to facilitate easier and greater use of DPA program. Historically, subordinate-lien documents for various DPA programs have been housing finance agency (HFA)-specific and worded differently, leaving room for confusion when interpreting terms and payment plans.

Mortgage 459
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Nikki Beauchamp leaves Engel & Völkers for Sotheby’s

Inman

After nearly a decade at Engel & Völkers, Beauchamp said that now was a good time for her to start a new chapter. She landed at Sotheby's largely because of how she believes her clients will be served by the brand's international network.

Clients 190
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6 keys to unlocking success in real estate

Housing Wire

I recently had the privilege of attending the AMPCon event hosted by the inspirational author and speaker René Rodriguez. We frequently talk about game-changing approaches, but I must say, this event was truly a game-changer in my real estate career. Rodriguez’s event left an indelible mark on my personal and professional growth. The event wasn’t just about real estate; it was about life, relationships and self-improvement.

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Share of New Homes with Decks Under 18% Again

Eyes on Housing

As discussed in Eye on Housing last year, builders have been including decks on fewer and fewer new homes recently. According to NAHB tabulation of data from the HUD/Census Bureau Survey of Construction (SOC), well over 20% of all single-family homes started had decks from 2005 through 2018—as many as 27% in 2007 and 2008. After 2017, however, the share.

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How a strategic coalition is fighting homelessness in Dallas

Housing Wire

Housing Forward is leading the charge in the greater Dallas area against homelessness, a vexing problem that plagues many cities across the county, and in recent years the nonprofit has notched some significant victories in the effort. Still, the organization and the coalition of groups it leads face deep systemic challenges that continue to feed the pipeline of economic despair fueling the growth of homelessness in the Dallas area — and across the nation.

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Sale of opulent manse in Brooklyn breaks neighborhood record

Inman

The off-market sale of the Brooklyn Society for Ethical Culture manse at 53 Prospect Park West for $13.5 million has set a new local record.

Marketing 179
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FirstHome IQ now has 60 ambassadors boosting financial literacy

Housing Wire

FirstHome IQ, a nonprofit focused on homeownership and financial literacy education, has expanded its ambassador program and now has 60 mortgage and real estate professionals who donate a portion of every loan to further this mission. The nonprofit, founded by industry leaders Kristin Messerli , Dave Savage and Todd Bookspan , launched the beta version of its ambassador program in September with 28 professionals.

Tools 435
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2024 Rental Market Outlook: Is a Shift Coming Next Year?

BiggerPockets

The rental market came back to Earth this year, with growth decelerating and prices contracting in many markets. What will happen in 2024?

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Top 5 Reasons to Apply for the 2024 HousingWire TECH100 Awards

Housing Wire

In an industry as dynamic as housing, innovation is the key to staying ahead of the curve. And for the companies that are eager to showcase their technological prowess and catapult their success, the HousingWire TECH100 Awards have become the industry’s most coveted award in housing tech that will do just that. Nominations for the 2024 Tech100 awards are open now through December 15th.

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Builder Confidence Falls for the Fourth Month in a Row—What’s Going On?

BiggerPockets

A new report shows that builder confidence continues to drop. What does this mean for the supply gap in housing?

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Top mortgage broker on the keys to long-term industry success

Mortgagebroker News

Thinking outside the box can have huge benefits, suggests leading mortgage pro

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69 Doors from ONE Real Estate Deal Using Other People’s Money

BiggerPockets

Taking down a $6.5 million real estate deal might seem like an unlikely feat for a rookie investor, but it’s not if you use other people’s money.

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[Video] ProTip: Duplicated Fields vs. Replicated Fields

GoForrmz

Discover the difference between using Duplicated and Replicated Fields in the GoFormz platform What is a Duplicate Field? A Duplicate field is when a user copies and pastes a form field in the GoFormz Template Editor. Imagine you're building a new Template , and you find yourself wanting different versions of a Text field. That's where Duplicate Fields come in handy.

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The Simple, Repeatable Path to Wealth with Real Estate in 2024

BiggerPockets

Investing in real estate can build you massive wealth. And here’s the secret no one wants to tell you: it isn’t all that hard.

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What are Canadian homebuyers likely to focus on in 2024?

Mortgagebroker News

Report suggests average residential prices will increase by 0.

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Four Investors Shared Their 2024 Goals With Us—Here’s How They Plan to Start the Year Strong

BiggerPockets

The turn of the calendar always has us thinking about what we want to do differently—or more of—next year.

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BoC will be in no hurry to cut rates in 2024, warns economist

Mortgagebroker News

Analyst on likely timeline for rates to fall

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Lamacchia Realty Officially Celebrates Southington, CT Office Grand Opening

Lamacchia Realty

After opening the Southington, Connecticut office in late 2022 , Lamacchia Realty was thrilled to celebrate the Grand Opening of the office’s permanent location on Saturday, December 2nd! Lamacchia Realty has been serving buyers and sellers throughout Connecticut for years, but this is the first true brick-and-mortar location in the state! We were honored to have Beth Byrd , Gina Shumila, and our Southington office REALTORS® join us to celebrate the opening of the freshly updated office.

Realty 63
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How far will rates have to fall to avoid a recession?

Mortgagebroker News

Household debt crisis looming if rates stay high, says economist

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The Real-Life Girlboss: How I Built Nasty Gal to a $100M Business

BiggerPockets

Nasty Gal went from an eBay side hustle to a business doing $100M in sales in under a decade. Behind it was the most famous “Girlboss” in America, Sophia Amoruso.

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Decoding Knob and Tube Wiring: How It Impacts Your Home's Value

Town & Country Residential Appraisals

If you own or are looking to purchase an older home, there might be lurking in your home something that could affect its value – knob and tube wiring. Due to the age of many homes in Westmoreland County, I still see plenty of homes with some functioning knob and tube wiring. This old-school electrical setup was once a popular way to install electricity in a home.

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Rent Prices Guide: Analyzing Rental Prices for Real Estate Investment

Mashvisor

Rental property owners need to understand the rental market trends in their area and know how rent prices work to make informed investment decisions.