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Melissa Cohn and Dan Geltrude discuss the housing market. December housing starts came in above expectations, and they react to the report. “People need to get on with their life,” forcing them to move despite higher interest rates, says Melissa. Dan gives his perspective on the sector as well. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
Discussing Interest Rates and Their Effects on Real Estate
Today, Noah and John from UrbanDigs dive into the intricacies of the mortgage market with superstar lender Melissa Cohn, Regional Vice President at William Raveis Mortgage. Melissa is an industry legend, and she shares her expert insights on the current state of mortgage rates following recent Federal Reserve actions, the nuances of fixed versus adjustable rates, and the impact of mortgage banking on consumers. Whether you're a home buyer, a real estate professional, or just a finance enthusiast, Melissa's perspectives on navigating the mortgage landscape in today's economic environment are spot on! Highlights: 00:35 - Implications of the Fed's rate pause on the mortgage market 04:50 - Mortgage industry commissions post-NAR 07:50 - Warrantable vs non-warrantable in mortgage financing. 12:20 - Challenges in the mortgage lending process today 14:10 - Non-QM (Non-Qualified Mortgage) lenders 14:40 - The challenge of crypto 16:10 - Mortgage assumptions 17:35 - Melissa'a daily data routine Melissa's page at Raveis: http://www.raveis.com/mortgage/MelissaCohn/ Connect with Melissa on LinkedIn: https://www.linkedin.com/in/melissacohn/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/
Discussing The Latest Market Report and Mortgage Rates
Melissa Cohn, Regional Vice President at William Raveis Mortgage, speaks of the people who impacted her early life, her role there, and her secrets … Read More
The Fed is expected to approve a quarter of a percentage point hike on rates, a raise that will make borrowing more expensive for homebuyers and commercial investors. And now the inflation caused by the war in Ukraine has introduced another variable to the lending puzzle. So what should borrowers expect? You'll hear from Martha Olney, a teaching professor of economics at the University of California, Berkeley, Melissa Cohn, a regional vice president of mortgage for William Raveis Mortgage and Mark Fogel, the CEO and president of ACRES Capital. Attribution: CNBC, "Here's how Fed Chair Powell sees the March Fed meeting."
Due to the mortgage rates still remaining below 3%, the real estate market is running red hot. How long rates will be low is dependent on the FOMC announcement tomorrow. Will they start to taper bond purchases? Melissa Cohn weighs in on the global economy potentially having a trickle effect on the equities market. She also discusses homeowners fleeing urban cities and housing inventories. Tune in for the full interview.
Rockstar mortgage banker Melissa Cohn of Family First Funding sits down with Noah Rosenblatt and John Walkup of UrbanDigs to talk about the financial side of today's markets, what you should know, what your clients should know, and what to watch out for. Melissa is a pioneer in the industry and the real deal, so buckle up! Melissa's page at Family First Funding: https://www.fam1fund.com/loan-officer/detail/6436/melissa-l--cohn Yes - the UD forum is worth the hassle! https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track New York City real estate with real-time data and charts: https://www.urbandigs.com/ Manhattan & Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/
Another fabulous successful woman from our Ladies who Launch Series, bringing her expertise around marketing to the real estate industry! What a pleasure to sit down with Melissa Turqman, Senior Vice President of Digital for Modern Luxury, the preeminent luxury lifestyle publisher, with eighty-three titles across twenty-three major markets, including Hamptons Magazine. The topic? New opportunities for direct digital marketing to active leads in real estate and, of course, the debate around whether or not print is dead for real estate agents. Here’s a preview. It’s not dead at all but it has to change in a number of ways to make it through the changes in the way people take in information. Take some time to listen to this informative and entertaining podcast. And, thank you to First Family Funding and Melissa Cohn’s Private Client Group for sponsoring this podcast.
Meet Louise Lloyd OTA (online travel agency) & AirBNB guru. Are you running the marketing for a hotel and trying to figure out the ins and outs of how to make the most of things like Travelocity and AirBNB? Louise has doubled the business of the Sandcastle Resort in Provincetown on Cape Cod, and she talks all about it in this week’s Ladies Who Launch Podcast sponsored by Melissa Cohn, from Family First Funding.
Christine Merser of Blue Shoe Strategies talks with Melissa Cohn about A Home of Her Own, a new not-for-profit, where we seek to have more than 1,000 people in the real estate industry - across this vast country of ours - join together with a goal of providing housing for those on their way out of situations that, but-for-the-grace-of-God, could be our own.
The Iconic Modern Home approach to staging is to bring in furnishing of equal value to the listing itself, and then can sold as part of the listing itself. Who wants to spend six months furnishing a $7 million plus home when you can walk in, add you personal touches and live your life? Sarah Minardi, from Saunders Real Estate, in The Hamptons interviews Geoff about staging tips and his philosophy around furnishing a home. Brought to you by Melissa Cohn from the private banking division of Family First Funding, providing excellence in the mortgage market in Connecticut, New York and New Jersey.
A Smith College student with a "not so good" grade in organic chemistry allowed Melissa Cohn to explore her interests in business and her talents as an entrepreneur. Founder of Manhattan Mortgage, Cohn continues her success at FM Home Loans
Melissa Cohn interviews Harold Kobner, broker extraordinaire from Argo Real Estate. Harold hails from Seventh Avenue fashion and his answers to Melissa's pointed questions about the biz are filled with the honest vulnerability that makes Mr. Kobner one of the most successful brokers in New York City.
Melissa Cohn interviews Debra Halpert, Publisher from Greengale Media, who publishes Hamptons Magazine and who has made a success of lifestyle magazines filled with editorial and advertising that mirrors the content inside the magazine. She talks about real estate ads today and the movement to advertising the broker rather than the property.
The Millennials are buying real estate. Took them long enough! Melissa Cohn interviews Christine Merser, from Blue Shoe Strategy, about how to market to those joining the real estate market for their first home purchases.
Melissa Cohn's take on the Fed interest rate hike and what it will mean to the real estate market.
In the last of our podcasts from the Hamptons International Film Festival, Hollister and O'Toole - along with guests Bill Harts and Melissa Cohn - take a look at the delightful A Royal Night Out, a reimagining of a real-life event: V.E. Day, 1945. Winston Churchill has just declared the war in Europe over. In this "reverse Cinderella" story, a young Princess Elizabeth (wearing her wartime uniform) and Princess Margaret sneak out of Buckingham Palace to join all of London in a night of celebrating and revelry (incognito, of course). Starring Sarah Gadon and Bel Powley. Co-starring Rupert Everett and Emily Watson. Directed by Julian Jarrold (Becoming Jane, Kinky Boots). It's a fresh take on the world's longest reigning monarch (click here to see photos of Queen Elizabeth II with 12 US Presidents over her 63-year reign). Podcast extra: in a rare interview, hear in the Queen's own words about that actual night - taken from the Channel 4 documentary The Queen's Big Night Out. Whether the real QE2 really did the Lindy hop that night, we may never know; but she has declared it to have been one of the most memorable nights of her life.
Hollister and O’Toole (and, later, special guests Bill Harts and Melissa Cohn, who very generously hosted us at the 23rd annual Hamptons International Film Festival) turn the spotlight on Spotlight - the much-touted film about the Boston Globe’s Pulitzer-Prize-winning coverage of two terrible evils: the child molestation scandal - and the subsequent cover-up of the same - within the local Catholic Archdiocese. O’Toole would like to give a special shout-out to the journalists who actually broke the story before the Globe - including Kristen Lombardi of the now-defunct Boston Phoenix - who broke the story 9 months before the Spotlight series ran. To read her story Cardinal sin click here. Spotlight stars Mark Ruffalo, Michael Keaton, Rachel McAdams, Liev Schreiber, John Slattery, Brian d'Arcy James, and Stanley Tucci. Directed by Tom McCarthy; co-written by McCarthy and Josh Singer. Filmed at the Boston Globe offices and in Toronto. Tell us: what's your favorite Boston movie?
Broadcasting from the 23rd annual Hamptons International Film Festival, Hollister and O’Toole welcome special guests Bill Harts and Melissa Cohn, film aficionados and Hampton denizens – to join in their discussion of this year’s opening night film. "Truth" tells the story (or at least one version of it) of the 2004 CBS 60 Minutes report on President George W. Bush’s military service – that ultimately cost anchor Dan Rather and producer Mary Mapes their careers. Starring Cate Blanchett, Robert Redford, Dennis Quaid, Elisabeth Moss, Topher Grace, Stacy Keach, Bruce Greenwood, and Noni Hazlehurst. Based on Mary Mapes’ memoir "Truth and Duty: The Press, the President, and the Privilege of Power".
The Newsletter for the City of Ann Arbor, Michigan August 2012, Volume 6, Number 8This is a reprinted version of the original, which was e-mailed to A2 City News subscribers on Aug. 1, 2012. Further information on featured topics and current news can be found at www.a2gov.org. IN THIS ISSUE New police chief * Park millage update * A2NonMoto blog * FRA high-speed rail grant * Police golf outing * CTN podcasts * Vote Aug. 7 * Farmers Market turns 93 * Street resurfacing * Tree-care tips * A2 social media * “Around Ann Arbor” * Dates to rememberNew police chief appointedAnn Arbor City Council has appointed John Seto safety services administrator and police chief. Since April 1, 2012, Seto has served in this role on an interim basis. He was originally hired with the city as a patrol officer in 1990 and was appointed deputy chief of police, operations division, in 2008. “The internal promotion of a candidate who meets the position's requirements of leadership, management experience, community involvement, judgment, and trustworthiness is healthy for the police department,” said Ann Arbor City Administrator Steve Powers. “I'm confident John has the experience necessary to serve our community well in this role.”Go online to read more. Park millage updateAt their June 19, 2012, meeting, the Ann Arbor Parks Advisory Commission unanimously passed a resolution to recommend placement of a renewal of the Park Maintenance and Capital Improvements Millage on the November 2012 election ballot. The resolution also recommends City Council reaffirm the administrative millage policies to inform voters of the manner in which it intends to oversee the administration of the millage if the proposed renewal is approved. This item has been placed on the (Thursday) Aug. 9, 2012, City Council agenda for review and approval. (The Council meeting is scheduled on a Thursday, instead of the usual Monday, due to Election Day.)The Aug. 9 City Council meeting will take place at 7 p.m. in the second floor Council chambers in Larcom City Hall (301 E. Huron St.). As with all other regular Council meetings, this meeting will be telecast live on CTN Channel 16 (Comcast Cable), or watch the meeting live online. Parks improvements and maintenance activities status tables are available online, by fiscal year, and list park projects funded through your support of the 2008–2013 Park Maintenance and Capital Improvements Millage. Find your pathThe City of the Ann Arbor has launched a blog that celebrates the culture of nonmotorized transportation within the community: walking, cycling, etc. The “A2nonmoto”blog contains posts with a wide variety of features, such as bike helmet-cam videos, photos from bicycling commuters, pedestrian photos and news from the local and wider nonmotorized worlds. The blog serves as a platform for encouragement and education about the culture of nonmotorized transportation. For more information on the blog, or how to submit your own bicycling or pedestrian photos, please email the city's transportation office. City receives FRA high-speed rail grantAnn Arbor City Council recently voted to accept a planning grant from the Federal Railroad Administration (FRA) to support planning of a proposed new rail passenger station in Ann Arbor. The city, in cooperation with Michigan Department of Transportation (MDOT), applied to the FRA for funding under the FRA's High Speed and Intercity Passenger Rail program. The city was awarded a grant of $3.5 million to complete a comprehensive planning analysis, draft environmental documents and undertake preliminary engineering for the Ann Arbor station. Originally identified as an element of the 2006 Ann Arbor Model for Mobility and included in the 2009 City Transportation Plan Update, this grant allows the city to continue planning for this essential component of our community's transportation system.City staff is coordinating closely with MDOT and Amtrak to assure thinking about this facility reflects the community's needs, state's investment in higher-speed intercity passenger rail along the Wolverine Line as well as the efforts to reintroduce commuter rail service from Ann Arbor to Detroit. With MDOT investing to acquire and improve this corridor, increased rail service and demand for access to the rail system is expected. It is generally recognized that the current station needs to be improved. Long-term parking is inaccessible to many, as it requires a lengthy walk without provision for those with mobility limitations. The facility is located along Depot Street, a road heavily impacted by peak-hour traffic. Transit connections, limited today, are anticipated to be needed as the rail use and need for access to the rail service increases. Bus routing to the current station is impacted by the high volumes of traffic at the station site. With improved rail service, the shortcomings of the existing station will be exacerbated.The grant funds support preparation of a conceptual plan, environmental review and preliminary engineering. The conceptual planning process includes review of the current facility, identification of alternative sites and considerations of how to best proceed. To date, the city has evaluated 15 sites, including the existing station site for accommodating the proposed future station. The concept planning process will occur simultaneously with the environmental review. Under this grant, the city will prepare a complete environmental assessment report seeking the FRA's approval of a project concept. Staff anticipates the project receiving a “Finding of No Significant Impact” (FONSI), a determination made by the FRA. Once the environmental review is completed, and FONSI is secured, the city will move forward and initiate preliminary engineering on the locally preferred alternative.Public participation is a fundamental part of this planning process. Recognizing there have been many public meetings as part of the Fuller Road Station project, this newly initiated work will provide additional opportunity for the project team to more fully evaluate and document the issues taken into consideration in this project. These materials will be subject to public review at project-related public meetings, as well as other city boards and commission meetings including the City Council, Planning Commission, Park Advisory Commission, among others. At this time, the next public meetings are anticipated to occur later this fall. For more information, please contact City Transportation Program Manager Eli Cooper. Police charity golf outingGet ready to golf for a good cause. Registration is going on now for the 21st annual Ann Arbor Police Charity Golf Outing Friday, Sept. 21 at Leslie Park Golf Course. This year's event is held in honor of two of the department's fallen officers, Jason Zogaib and Vada Murray, raising money for The Jason Zogaib Memorial Fund and The Vada Murray Fund for Cancer Research. The four-person scramble includes 18 holes of golf (and cart); a shotgun start at 9 a.m.; lunch; dinner; raffle, prizes and games; and more. Space is limited. Click here for details and the registration form(PDF). CTN helps you stay in the know, even on the goNew “On Air with CTN” podcasts provide an audio overview of everything happening on air and at the studios of Ann Arbor Community Television Network. Listen in and find out the line ups for CTN's four channels (16, 17, 18 and 19 on Comcast Cable), interviews with special guests, highlights of events new programs and a rundown of upcoming workshops for city residents and not-for-profit agencies.Follow us!Learn about upcoming meetings, facts, tips and more via the City of Ann Arbor's Facebook and Twitter pages. The city posts useful information — usually on a daily basis. In fact, a local realtor recently named the City of Ann Arbor's Twitter page as the No. 1 area “tweep” to follow. You can also subscribe to receive topic-specific bulletinsdirectly to your email. Find convenient links to each of these ways to stay connected on the homepage of the city website.Vote Aug. 7Polls will be open from 7 a.m. until 8 p.m. for the City Primary Election on Tuesday, Aug. 7. On Saturday, Aug. 4, the Ann Arbor City Clerk's office will be open 8 a.m.–2 p.m. for in-person absentee ballot requests.Go to the city election website, www.a2gov.org/elections, for ballot details and more information, or call 734.794.6140.Farmers Market turns 93Join the fun as the Ann Arbor Farmers Market turns 93 years old! On Saturday, Aug. 4 from 7 a.m.–3 p.m., the market, located at 315 Detroit St. in Kerrytown, will celebrate its birthday and its customers. At noon, free ice cream and toppings donated from market vendors will be served (while supplies last). Call for details, 734.794.6255, or go online. Paving the way to better streetsThe city's 2012 street resurfacing initiativebegan in the spring, and as of early August, 20 major and residential streets have been completed. Not only are streets' surfaces getting a makeover during this process, resurfacing also typically consists of removing/replacing sections of damaged or settled curb; repairing/replacing drainage inlets and utility structures (manholes); replacing corner ramps (to meet current Americans with Disability Act standards); and repaving the roadway. Among the roads undergoing work this month are:Geddes Avenue between Highland Road and Apple Way. Intermittent closures of Geddes to through traffic are in effect during construction, with detour routes posted. Local traffic will be maintained. Completion is expected in mid August. Seventh Street between Pauline and Madison. Northbound traffic is being detoured. Completion is expected in the beginning of September. When the initiative comes to a close this fall, 34 streets will have received upgrades. The 2012 street resurfacing project is funded by the Street Resurfacing Millage approved by voters in 2006.Visit the 2012 street resurfacing project Web page, and click on the red envelope to subscribe to receive regular street resurfacing project e-updates. You may also subscribe for e-updates to know which city streets have posted detours, on the city's road and lane closures Web page. http://www.a2gov.org/government/city_administration/City_Clerk/Elections/Pages/Elections.aspx Tree-care tipsThis spring and summer have been unusually dry, and — coupled with the recent very-high temperatures — both newly planted and established trees are showing signs of stress from lack of water. Wilting or curling leaves, leaf/needle drop and leaf scorch (caused by lack of water and high temperatures) are signs that your tree needs to be watered immediately. In normal precipitation years, Mother Nature provides the water an established tree needs, and supplemental watering is typically not necessary. This season, however, calls for human intervention. A slow, deep watering is better than short, frequent watering, for both newly planted and established trees. For newly planted trees and small trees with a trunk diameter of up to 4 inches, a good watering is 10 gallons per inch of tree diameter applied in the mulched area around the tree, once per week. For established, medium trees (5–12 inches), a general guideline for watering during prolonged dry periods is 10 gallons of water for every 1-inch diameter, three times per month. Finally, for large trees, with a trunk diameter greater than 13 inches, 15 gallons of water is needed for every inch of diameter, twice monthly during prolonged dry periods. For established, trees do not water within 3 feet of the trunk, as this can lead to root rot.And how long should watering take place? In general, use this formula as a guideline: tree diameter inches x 5 minutes = total watering time.Find more information on tree watering, mulching, benefits and more on the city's forestry Web pages at www.a2gov.org/trees.Go "Around Ann Arbor" with CTNCommunity Television Network recently debuted “Around Ann Arbor,” a 10-minute weekly program featuring upcoming events in the city and surrounding communities. Following a news-style format, the show promotes events for the week ahead, making it convenient for viewers to plan their own calendars.“Around Ann Arbor” airs on A2TV Channel 17 on Comcast Cable on the following schedule.Sundays, noon and 9:05 p.m.Mondays, 10 a.m.Tuesdays, 3:50 p.m.Wednesdays, 7:30 p.m.Thursdays, 7:20 p.m.Fridays, 1 p.m.Saturdays, 1:35 p.m.And anytime on CTN Video On Demand. “We've taken the electronic bulletin board and brought it to life, another great reason to tune into your community channels for local information,” said Melissa Cohn, assistant manager of the public and educational channels.To submit an event for consideration, free of charge, please email CTN.Dates to rememberAmong the many public meetings/events taking place in August, here are some of the highlights. Please go online for details and a complete list. Wednesday, Aug. 1, join the North Main Street-Huron River Corridor Task Force for a site tour. The Ann Arbor Farmers Market celebrates its 93rd birthday on Saturday, Aug. 4. Also on Saturday, Aug. 4, the Ann Arbor City Clerk's office will be open 8 a.m.-2 p.m. to accept absentee ballot requests for the Aug. 7 State Primary Election, which takes place Tuesday, Aug. 7. A special Park Advisory Commission meeting is scheduled for Wednesday, Aug. 8.Because of the Tuesday, Aug. 7 State Primary Election, the City Council meeting will take place on Thursday, Aug. 9 rather than the usual Monday schedule.The first step to taking free production workshops at CTN is to attend the CTN Preview workshop, scheduled on Wednesday, Aug. 29.