Fri.Apr 09, 2021

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Targeting first-generation homebuyers for financial help

Housing Wire

The Urban Institute ‘s Housing Finance Policy Center recently posited that down payment assistance for first-generation homebuyers could help turn the tide of systemic racism by reducing intergenerational wealth disparities. Researchers said federal, state, and local housing policies have “systematically excluded Black families and other families of color from homeownership,” with one UI study projecting the Black-white homeownership gap – at more than 30 percentage point

Equity 429
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Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are discovering the value of a multigenerational home.

Marketing 226
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William Raveis ain’t no stinkin’ iBuyer

Housing Wire

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. But don’t confuse its new program with iBuying – they’re looking to solve the sell-before-you-buy dilemma in a different manner. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) ,

Equity 401
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What Does ‘Under Contract’ Mean in a Real Estate Listing?

Realtor.com

Getty Images As you scroll through the real estate listings, you might spot a few that say the house is “under contract.” But what does “under contract” mean? In most cases, a property is listed as “under contract” once a buyer has made an offer and the seller has accepted. While that’s a big step, it doesn’t mean the deal is done quite yet.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Better.com nabs $500 million investment from SoftBank

Housing Wire

Better.com has received a $500 million investment from SoftBank that values the digital mortgage lender at about $6 billion, CNBC reports. Although the news was initially reported by The Wall Street Journal , CNBC confirmed the news later with sources familiar with the matter. Better’s last funding round was in November 2020 where it was valued at $4 billion, Pitchbook data shows.

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Voxtur acquires appraisal software firm Anow

Housing Wire

Canadian real estate technology company Voxtur Analytics Corp. closed on the acquisition of appraisal management software firm Appraisal Now for approximately $30.5 million, the company said this week. “This strategic acquisition bolsters recurring revenues and accelerates the development of Voxtur’s data ingestion engine, allowing clients to achieve optimal efficiency and cost savings,” Voxtur said in a statement.

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Building Materials Prices Rise Across the Board in March

Eye on Housing

Prices paid for goods used in residential construction ex-energy rose 2.4% in March (not seasonally adjusted) and have increased 9.8% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019.

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How student lending can benefit non-bank lenders

Housing Wire

Over the last several years, non-bank mortgage originators have established a much larger market share. Additionally, non-bank servicers have more than doubled their ownership of servicing rights in the last 10 years. This gives non-bank lenders and servicers significantly greater access to more consumers and provides an opportunity for student lending to make an impact.

Lending 391
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Mortgage Changes May Accelerate Canadian Property Bubble, Not Helpful: Big Six Banks

Better Dwelling

Canadian banks have begun to weigh in on new mortgage changes, and they aren’t optimistic. Earlier today, the Office of the Superintendent of Financial Institutions (OSFI) announced a revision to the uninsured mortgage stress test. The change will shrink supersized mortgage budgets, reducing the number of over-leveraged borrowers. Two of Canada’s largest banks say it’s […].

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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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GSEs won’t buy QM loans under GSE Patch after July 1

Housing Wire

In Lender Letters issued on Thursday, Fannie Mae and Freddie Mac confirmed that loans purchased by the GSEs with application dates on and after July 1, 2021, must meet the standards of the Consumer Financial Protection Bureau’s Revised Qualified Mortgage Rule. In the letters, the two government sponsored enterprises state that they will follow the directive laid out in their amended Preferred Stock Purchase Agreements with the Treasury Department, which forbid Fannie and Freddie from buying QM l

Loans 323
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Luxury Real Estate Headlines: First Week in April 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Guilford, Connecticut | Carol Mancini, William Pitt Sotheby’s International Realty . The 1,149 sq ft beach house has a steel and concrete ship-like form featuring sharp angles and weathered New England-style timber cladding. Geometry rules at this architect’s dramatic Connecticut coastal retreat – The Spaces.

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Mortgage and refinance rates today, April 9, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday, extending the period since we last saw a rise. That was March 30. Unfortunately, it was looking first thing […].

Mortgages 109
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Study Finds One Brooklyn District Has Less Parkland Than Any Other Area in the City

Brownstoner

East Flatbush and its surrounding neighborhoods have less parkland than any other district in the city, with only 1 percent of the area’s 2,000 acres dedicated to recreational green space, according to a recent report. Community District 17 — encompassing East and Northeast Flatbush, Remsen Village, and Ditmas Village —… Read More > The post Study Finds One Brooklyn District Has Less Parkland Than Any Other Area in the City appeared first on Brownstoner.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Inventory Correction

BubbleInfo

On Monday, I got my two counts backwards for 2020 & 2021, which made it look like the number of new listings was picking up. But it was wrong – here is today’s counts of new listings in the first quarter: New NSDCC Listings in the First Quarter: 2017: 1,296 2018: 1,230 2019: 1,278 2020: […].

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Riding the Waves of Change: RISMedia Releases 33rd Annual Power Broker Report

RIS Media

What a difference a year makes. This time last year, Power Brokers were sitting pretty, a healthy economy in hand and a bullish outlook on 2020. But a growing concern was also casting a shadow of uncertainty—the nascent COVID-19 virus. No one could anticipate with any degree of certainty what the fallout would be one year later. But after a couple of barren months sparked by a pandemic-induced recession and near worldwide lockdown, a housing boom took hold—and the results of RISMedia’s 202

Brokerage 106
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How to shop for refinance rates and compare offers: 7 steps

The Mortgage Report

If you want to save more money by refinancing your house, make sure to compare refinance rates and lenders. Tips for getting the best refinance rates here.

Mortgages 111
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Power Broker Perspectives: Strategies for the Road Ahead

RIS Media

From an inventory drought to a sea change in relocation patterns, market challenges and opportunities have created a wild ride for this year’s Power Brokers. Triggered by the pandemic, changes to the way brokerages must operate and the way consumers need—and expect—to be served, have caused brokers to rapidly adapt in order to reap the current rewards and navigate the longer-term effects.

Brokerage 106
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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Top Real Estate Agents in Huntington Beach: Spotlight On Brandice Presley

First Team Real Estate

Brandice Presley is the team leader of The Presley Group , among the top real estate agents in Huntington Beach, CA. Previously working in hospitality management, including luxury institutions such as the Ritz Carlton Hotel in Grand Cayman Islands, Brandice began her real estate career in 2013. In just a few short years, she was running one of the top real estate teams in Orange County , specializing in high-end coastal real estate.

Agents 98
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Lighthouse Sunset Tours This April

Waterfront Properties

During the month of April, the Jupiter Inlet Lighthouse and Museum is hosting their popular and reoccurring Lighthouse Sunset Tours. The sunset tours take place on Wednesday nights and make plans to attend at least one this April. Wednesday nights the Lighthouse is open to visitors for the Lighthouse Sunset Tour. Visitors can climb the 105 steps to the top and take in the incredible sunset views over Jupiter.

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A Bungalow With a Garage and Three More to See This Weekend, Starting at $999K

Brownstoner

Our picks for open houses to see this spring weekend are all in move-in-ready condition with some original details. Two of them come with the bonus of off-street parking. Found in Prospect Heights, Ditmas Park West, Flatbush and Marine Park, they range in price from $999,000 to $2.295 million. First… Read More > The post A Bungalow With a Garage and Three More to See This Weekend, Starting at $999K appeared first on Brownstoner.

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Top Real Estate Agents in Tustin Ranch: Spotlight On Jennifer Palmquist

First Team Real Estate

When reviewing the top real estate agents in Tustin Ranch, Jennifer Palmquist and her mother Rosemary Karl rank at the top of the list. Specializing in the Tustin Ranch , North Tustin , Irvine and Orange areas , Rosemary and Jennifer have been serving the local community for over 26 years. Regularly ranking among the top-producing agents within First Team Real Estate as well, Jennifer Palmquist and Rosemary Kral have time and again been recognized as Hall of Fame award winners , the company’s hi

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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What to Do About an Unpleasant Odor in Your House

RIS Media

A bad smell in your home can indicate that your family’s health is at risk. Although air fresheners and scented candles may cover up a smell, at least temporarily, they don’t address the source of the issue. They may also contain ingredients that can cause allergic reactions or that may be toxic. . How to Deal With Offensive Smells. If the source of the smell is something that you can remove from the house, such as rotten food, get rid of it.

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What Types of Appraisals Are in High Demand Due to COVID-19?

McKissock

The COVID-19 pandemic has significantly influenced the real estate market over the past year. Last month (March 2021) we asked appraisers across the U.S., “What type of appraisal has seen the MOST growth in demand in your local area due to COVID-19?” About two-thirds of survey respondents reported that residential appraisals have experienced the biggest pandemic-related boom.

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How to get approved as a self-employed, first-time home buyer

The Mortgage Report

Self-employed first-time home buyers face obstacles other buyers don't. Learn what to expect and how to get mortgage-approved.

Mortgages 116
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Daily Links: COVID School Closure Rules Change, Volunteers Fund City’s Open Streets

Brownstoner

In the News $2.1 Billion for Undocumented Workers Signals State’s Progressive Shift [NYT] To Combat Anti-Asian Attacks, Residents Join Watch Patrols [NYT] Here’s Where Elderly Can Get COVID Vaccines Without Appointment [NYP] City Announces New ‘Four Case’ Rule for Public School Closures [amNY] Volunteers Are Funding Open Streets Programs. Why Isn’t the City?

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.