Amid Bank Sector Woes, Concerns Mount About Financing Drying Up for Home Builders and Buyers

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Concerns over the stability of the U.S. banking system is spilling over into the housing sector as experts worry about credit drying up for home builders.

The collapse of banks such as Silicon Valley Bank and Signature Bank has spooked many investors who have withdrawn vast sums of money from regional banks and moved it to bigger financial institutions for safekeeping.

With an uncertain economic outlook, experts worry about the availability of credit for home builders and mortgage lenders, which could hurt the housing market.

Wall Street is anticipating tighter credit conditions for the U.S. economy in the months ahead. Goldman Sachs recently lowered its forecast for U.S. economic growth, expecting small and medium-sized banks to scale back lending, to preserve liquidity.

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Can Erin and Ben Napier Save This Crumbling ‘Worst Case Scenario’ Property on ‘Home Town’? 

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On HGTV’s “Home Town,” Erin and Ben Napier are no strangers to helping fellow Laurel, MS, residents restore historical homes, but their latest project gets personal and is unlike anything they’ve ever done before.

In the Season 7 episode “The Heart of Laurel,” the married couple introduce two beloved pillars of their community, Janice and John Hollingsworth (along with one of their nine adult children and two of their 13 grandchildren).

Growing up in Laurel, Erin explains, “Their house was the one that all the kids in the neighborhood thought of as a home. Miss Janice was everybody’s momma. When people speak about the Hollingsworths, they say, ‘That is a family that all of us looked up to.’”

Before: The Hollingsworth family’s home in Laurel, MS, became uninhabitable.

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Before: The Hollingsworth family's home in Laurel, MS became uninhabitable.
After: Erin and Ben Napier bring the Hollingsworth's home back to life.
Before: A fallen tree damages the Hollingsworth's home during a tornado.
After: Ben and Erin Napier replace many structural elements of the badly-damaged home.
Before: The original 1,300 square-foot home has four bedrooms and one bathroom.
After: Erin and Ben convert a bedroom into an additional bathroom and laundry area.
Before: The dining room is the heart of the home for the Hollingsworth's large family.
After: Ben crafts an oval table that can accommodate more family members in the renovated dining room.
Ben presents veteran John Hollingsworth with replacement military medals.
Ben, Erin, and members of the Laurel, MS community plant a new tree outside the Hollingsworth family home.
Before: The Hollingsworth house Is known for its signature blue porch swing.
After: Erin repaints the porch swing and adds additional modular seating for visitors.
The Napiers celebrate the completed Hollingsworth home on the porch.
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Long & Foster co-founder P. Wesley ‘Wes’ Foster Jr., dies at 89

The brokerage Foster co-founded with Hank Long became known as a giant independent firm across the Mid-Atlantic region, and a pioneer of the "one-stop-shop" brokerage model.

Credit Suisse acquired by rival UBS in biggest bank merger since 2008

The acquisition by UBS, one of the largest real estate asset managers in the world, is intended to help contain the crisis of confidence spreading across international financial markets.

Collabra launches ‘Credit Karma for real estate’ social media tool

"SphereBuilder" is designed to help real estate professionals figure out if their social media marketing is effective. The first tool will roll out in Denver, Colorado, and Huntsville, Alabama, the company said.

Washington Nationals Great Ryan Zimmerman Sells Virginia Mansion for $7.1M

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Ryan Zimmerman first attempted to unload his six-bedroom, 10-bathroom mansion last year for $8.5 million.

Nearly a year later, the beloved former Washington Nationals infielder has finally found a match for his incredible property in Northern Virginia.

The final price for the Great Falls manse that spans 13,000 square feet and sits on a grand 5-acre parcel? $7.1 million.

The estate and its gorgeous grounds include several water features (a pool, hot tub, and koi pond), a two-story play castle, plus a grand pool house, huge lawn, and mature trees. Let’s take a tour!













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Adfenix rebrands as Realforce to meet agent marketing needs

A real estate branding and advertising company based in Sweden has rebranded from Adfenix to Realforce to match growing service offerings.

$5 Million Homes in California

A Spanish-style home in Los Angeles, a renovated 1905 bungalow in Palo Alto and a Cape Code-style retreat in Laguna Beach.

How Do People Released From Prison Find Housing?

Thousands of people released from prison in New York go directly to homeless shelters.

New Homeowners, These 3 Areas Are Where Rodents and Critters Often Reside

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Unless you’re Cinderella, rodents and other critters probably aren’t your friends. They scamper into your home, bring their critter buddies and babies with them, and try to live happily ever after—until you discover them.

For homeowners who’ve just moved in, it can be a nightmare to come across wildlife that likely chomped through wires or burrowed through walls just to get inside.

“Critters most often seek shelter, food, and water sources,” says Meg Pearson, wildlife training manager at Critter Control.

A temporarily vacant home can be a perfect refuge for rodents and critters seeking shelter, warmth, and sustenance. Plus, it’s a quiet place for them to hide from predators. So, it’s not uncommon for new homeowners to call pest control about wildlife damage on move-in day.

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As ‘Zoom Town’ Settlers Are Forced Back to the Office, Many Must Choose: Keep My Job, Or My House?

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At the height of the COVID-19 pandemic, many white-collar workers suddenly had the ability to work from anywhere—anywhere, that is, with an internet connection stable enough to attend Zoom meetings. Shell-shocked by fast-rising home prices and in desperate need of more square footage, many left their city apartments and small homes in the nearby suburbs behind and purchased much larger, more affordable houses in the farthest out suburbs and smaller cities. Remote work helped to turbocharge these real estate markets.

And then big employers like Amazon, Salesforce, and Disney began calling workers who had been able to telecommute back into their offices. Those big, cheap houses that these buyers had clamored for just months before were abruptly less appealing given the long, expensive commutes that many homeowners and renters were facing.

And now the future of those previously hot real estate markets in the most remote suburbs, also known as exurbs, and secondary cities has become uncertain.

“These ‘Zoom towns’ are the places at most risk of prices actually falling year over year,” says Lisa Sturtevant, chief economist of the Bright MLS, the multiple listing service covering the mid-Atlantic region.




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The tug-of-war between millennials and boomers heats up this spring

Five real estate experts explain how rising mortgage rates, inflation and economic uncertainty could impact baby boomers and millennials this spring and how both groups can succeed in the short and long term.

QUIZ: Who’s your perfect client?

Zeroing in on your ideal client, and determining how to help them, will allow you to develop better marketing strategies and make you more effective once you’ve connected.

Generate leads 24/7: How to build your website with your expertise

When you’re putting together your website, every word counts. In Part 1 of our five-part content marketing game plan, Christy Murdock shows you how to ensure that your site is communicating effectively on your behalf.

CHALLENGE: Make your social media look flawless in 7 days

Enhance, optimize and fine-tune your online presence in seven days using this social media refresh checklist for real estate.

Fill your pipeline with this AI tool

Recently, LocalizeOS CEO Omer Granot sat down with Inman’s tech columnist Craig Rowe to demonstrate how the hunter AI solution helps agents, teams, and brokerages achieve more.

5 inspiring home staging trends for spring

Rather than viewing it as an obligation, staging should be seen as an opportunity to be your most creative, inspired, and visionary self as you help your sellers wow potential buyers.

My Tenant Split Without Paying the Rent. What Are My Options?

Sometimes simply filing a lawsuit is enough to lure a person to the negotiating table. But you have to find them first.

A Landlord Got a Low Appraisal. He Is Black, and So Are His Tenants.

The landlord says an appraiser, who is white, used unfair comparisons to assess the worth of his apartment building.

‘Rock the Block’ Season 4 Episode 2 Recap: Living Room Looks and Too Many Books

“House Party” is the official Realtor.com® podcast about the overlapping worlds of home and pop culture, hosted by Rachel Stults and Natalie Way. Click the player above to hear our take on this week’s hot topics.

How does living room design add value to a home? That’s the question the HGTV star designers are tasked with solving on this week’s episode of “Rock the Block.” For this competition, host Ty Pennington challenges the teams to renovate the entry area, living room, and guest powder room in their respective houses.

Guest judges Mina Starsiak Hawk of “Good Bones” and Jenn Todryck of “No Demo Reno” stop by to evaluate the designers’ work and determine who added the most appraised value to their home. The winning team harnesses the beauty of the Colorado landscape while also curating a feeling of luxury and comfort in their living room. So which duo comes out on top? Press the player above to find out and hear us discuss what we loved and loathed about the designs this week.

‘Rock the Block’ Season 4 Episode 2 Recap: Living Room Looks and Too Many Books
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