Weldon Rigby
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Real Estate News
Nightmare on Main Street: When natural disaster strikes home
Fri, 27 May 2016 1:00:05
On Aug. 23, 2005, the hurricanes at Pat O’Brien’s -- the famed French Quarter watering hole -- were flying off the bar. Few in the Sportsman’s Paradise had noticed the formation of small tropical depression germinating in the warm Atlantic Ocean waters that summer. Everyone in the Big Easy was enjoying life and letting the bon ton roulette (the good times roll) ... read more»

Daily market update: May 27, 2016
Fri, 27 May 2016 0:01:13
Mortgage rates plus all the latest real estate market news ... read more»

How a federal interest rate hike impacts mortgage rates
Thu, 26 May 2016 15:34:05
When the Federal Reserve announces a change in interest rates, it makes headlines. But does the federal interest rate directly impact your mortgage rate? See what Windermere’s Chief Economist, Matthew Gardner has to say ... read more»

Inman announces the first round of Startup Alley participants for Inman Connect San Francisco
Thu, 26 May 2016 13:58:49
Emeryville, CA (May 26, 2016) -- Inman announced the first round of companies that will be exhibiting in Startup Alley at Inman Connect San Francisco, Aug. 2-5, 2016. Inman Connect is the place to be to learn about new ideas, industry innovation and technology. ... read more»

Silicon Valley condos and townhomes selling in record time
Thu, 26 May 2016 12:00:32
With each passing day, it seems as though homes are selling faster and faster in Silicon Valley. In fact, closing time has nearly been cut in half from January to April in Santa Clara and San Mateo counties, marking a record-breaking month for Silicon Valley real estate ... read more»

Video headlines: NAR bans Zillow from events and more
Thu, 26 May 2016 9:46:38
Real estate expert Arno de Vos shares the top stories on Inman: NAR bans Zillow from its trade shows in 2016, an online brokerage offers frequent flyer miles to buyers and more ... read more»

Why so few low-FICO home loan applicants?
Thu, 26 May 2016 9:06:44
Our friends at CoreLogic have asked two good questions in a blog this month. First, why so few loan applications by borrowers with low FICO scores today compared to 10 years ago? And, if credit is tighter today than then -- as it is, by all testimony -- why has the rate of decline of applications fallen ... read more»

How to think about your Facebook marketing today for long-term viability
Thu, 26 May 2016 8:44:18
CHICAGO -- Soon there will be 73 million millennials in the market, making up the largest generation of individuals since the baby boomers, which was 70 million. This is also the generation that has grown up with the Internet making digital marketing -- and, more importantly, mobile marketing -- a must ... read more»

Pending home sales spike to 10-year high in April
Thu, 26 May 2016 8:15:32
Steady job creation over the past five-plus years, unattractive rent costs and the anticipation of a mortgage rate increase are propelling homebuyers into the spring market at a faster rate than expected, according to the National Association of Realtors. Pending home sales in April reached their highest level in over a decade, with gains in contract signings across all major regions except the Midwest. ... read more»

Using advanced data to improve your bottom line
Thu, 26 May 2016 8:13:43
CHICAGO -- Discussing advanced real estate analytics over gut feelings and old-school approaches can bring about a fervor similar to religion. There are many in the middle, but believers and skeptics always seem to speak loudest. Avi Gupta, CEO of real estate data firm SmartZip, has no problem with following your gut, but as your business grows, he believes hard data starts to matter more ... read more»

Why interest rates are going to rise
Thu, 26 May 2016 8:00:56
Why are leading housing economists such as Sean Becketti of Freddie Mac, Mike Fratantoni of the Mortgage Bankers Association and National Association of Realtors' Lawrence Yun still worried about rates on the long term? Although Becketti has lowered estimates to 3.9 percent by the end of this year, he still expects rates on a 30-year fixed to hit 4.5 percent in ... read more»

So your tech failed you — figure it out
Thu, 26 May 2016 8:00:32
I can’t call myself a digital native because that term is reserved for people who are the same age as my adult children. I’ll just say that I have had internet access in my home since the 1980s, and I fully appreciate the difference between a 300 baud dial-up modem and a 1,400 baud dial-up modem because that is all we had back then. Technical problems and issues are as old as the technology, and often, I have had to be my own tech support ... read more»

The residential home flip isn’t dead — it’s changing
Thu, 26 May 2016 8:00:26
Flip the traditional flip approach by keeping the investment for the long-term rather than selling as soon as possible post-renovation. This portfolio-type investment strategy of “hold, accumulate, then flip” has been afforded to and utilized by large-scale investors for years in both the residential and commercial real estate markets, and it's often seen as a less-risky investment type ... read more»

Trash talked behind your back? 7 ways for Realtors to deal
Thu, 26 May 2016 7:51:11
Realtor Rob Thompson was once contacted by a future client for an unusual reason. Another agent, who had never met Thompson, had "so vociferously denounced" Thompson that the client "felt they had to meet me," he said ... read more»

Daily market update: May 26, 2016
Thu, 26 May 2016 6:12:07
Mortgage rates plus all the latest real estate market news ... read more»

Malibu dual agent transaction could set new precedent
Thu, 26 May 2016 3:00:20
Hiroshi Horiike, a retired Chinese millionaire, bought a Malibu house in 2007 for $12.25 million cash. The advertised square footage was 15,000 square feet, but the actual square footage was under 9,500. Horiike sued the listing agent, Chris Cortazzo, and Coldwell Banker, the broker, for violating fiduciary duties ... read more»

Podcast: Greg Harrelson on the true meaning of extraordinary
Thu, 26 May 2016 1:00:48
If we already know we can, then to me, that’s ordinary, not extraordinary. Every single one of us can assess ourselves and our capabilities. When we know that we can do things, we usually go ahead and take on a challenge -- knowing full well that we are capable of overcoming that challenge. That’s ordinary ... read more»

Podcast: A step-by-step guide to becoming a mega agent
Thu, 26 May 2016 1:00:29
If you're wondering how to become a mega agent, look no further. Today, we're talking about the real estate treasure map and how it can lead you to consistent success. Commit to the powerful spokes you need to make your business wheel turn, a relentless lead follow-up plan and a schedule that works for you, and you'll be armed with what you need to make it big in the business ... read more»

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