Wed.Jul 28, 2021

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The homebuyer journey is changing – So should you

Housing Wire

The 2021 RealTrends Gathering of Eagles real estate conference captured our attention when the role and future of the real estate transaction process for a homebuyer were lively debated. Big players such as Zillow, Redfin, Compass… etc. claim dominance. We examine the need for complete vendor-provided software solutions vs. building in-house. We watch as consolidation transpires all-around.

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4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

Keeping Current Matters

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble this time. After the last housing crash, about 9.3 million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank.

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Oakland homeowner alleges appraiser bias

Housing Wire

An Oakland homeowner says the home valuation process failed her due to the color of her skin, according to a complaint filed with U.S. Department of Housing and Urban Development. Cora Robinson, who is Black, claims that appraiser Thomas Kearney violated the Fair Housing Act by undervaluing her home by over $400,000. Kearney’s valuation, the complaint claims, is based on comparing Robinson’s abode to far-flung Black-owned homes in Oakland instead of white-own domiciles in the surrounding neighbo

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Interview with Mark McLean From Key Living!

Toronto Realty Blog

TorontoRealtyBlog. ? ?. Thanks again to Mark McLean, the Vice President of Business Development at Key Living. If you want to get in touch: Mark McLean. Web: www.lifeatkey.com. Email: mark@lifeatkey.com. Instagram: @marcomclean. Tik Tok: @marcomclean. The post Interview with Mark McLean From Key Living! appeared first on Toronto Realty Blog.

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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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LO commissions take a hit as refi volume slumps

Housing Wire

Loan officers’ wallets slightly deflated in the second quarter, with commissions earned per LO decreasing by 6% year-over-year, according to LBA Ware ’s quarterly loan compensation report. Loan volume per LO also took a dive of 4%. The reason? Lenders have more LOs these days. “That meant that LOs had to share the loans a little bit,” said Lori Brewer, founder and CEO of LBA Ware.

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Protected: You’re living the dream – what’s next?

Housing Wire

This content is password protected. To view it please enter your password below: Password: The post Protected: You’re living the dream – what’s next? appeared first on HousingWire.

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Canadian Luxury Home Sales Forecast To Fall, As Market Normalizes: E&V

Better Dwelling

Canadian real estate is cooling from record demand, and luxury homes are no exception. Global luxury brokerage Engel & Völkers (E&V) released its latest luxury market report. They looked at markets with homes priced over $1 million and found sales slowed recently. In the near term, this should help the market normalize and stabilize price […].

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Blend launches housing equity program

Housing Wire

Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. Blend Impact’s first leg, the Equitable Ecosystem Initiative, was soft-launched last year and gave free access of its platform — in multiple languages — to Minority Depository Institutions (MDI) and community development financial institutions.

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Canadian Home Building Costs Make The Largest Jump On Record: Stat Can

Better Dwelling

Canadian home builders have faced soaring labor and material costs, and now there’s confirmation. The Statistics Canada (Stat Can) building construction price index made a record climb in the second quarter of 2021. Costs jumped significantly higher for homebuilders, even if just compared to non-residential construction. Homebuilders saw the fastest increases in “hot” housing markets […].

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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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FHA Introduces Simplified COVID-19 Recovery “Waterfall”

Housing Wire

As was alluded to in June, the FHA late last week published a fully revised version of their “waterfall” loss mitigation options for borrowers coming to the end of their forbearance period. In order to streamline the process, the administration is scrapping their old waterfall framework and is instead providing two options for servicers processing borrowers coming out of forbearance: a COVID-19 recovery standalone partial claim for borrower who can resume making payments on their mortgage, and a

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Perceptions of Housing Affordability Worsen

Eye on Housing

In the final quarter of 2019, a series-high of 82% of prospective buyers could afford less than half the homes available in their markets. The share went on to decline throughout 2020 (i.e. affordability perceptions improved), reaching 63% by the final quarter of that year. But affordability expectations have worsened recently. In the first and second quarters of 2021, the.

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Mortgage applications jump as rates plummet

Housing Wire

Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates. The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and the potential economic fallout, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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White House promised more help to avoid foreclosures

Realty Biz

The national moratorium on federally backed mortgage foreclosures is set to expire at the end of the week, and the White House has responded by promising more financial aid to struggling homeowners. Data from Black Knight shows that around 1.5 million U.S. homeowners are still seriously delinquent on their mortgages, which means they have failed to make a payment in the last 90 days.

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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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Protected: Here’s how to buy your dream home in a competitive market

Housing Wire

This content is password protected. To view it please enter your password below: Password: The post Protected: Here’s how to buy your dream home in a competitive market appeared first on HousingWire.

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Canada Is Making A “Mistake” That Will Underestimate Inflation: Big Six Bank

Better Dwelling

Canadian inflation should be smooth sailing, coming in low and stable from now on. A small catch though — your cost of living may not actually see low inflation. Statistics Canada (Stat Can) consumer price index (CPI) data shows an unexpected slowdown in June. The popular interpretation for today’s release is, this proves high inflation […].

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Redfin-owned firm RentPath names new CEO

Housing Wire

RentPath , a Redfin company, has appointed former ParkMobile CEO Jon Ziglar as chief executive officer, effective August 16. Ziglar will oversee the integration of RentPath’s rental listings onto Redfin’s main site, while working with both property managers and consumers, according to Glenn Kelman, Redfin’s CEO. Rental listings from RentPath should be displayed on Redfin.com in late 2022, the company said. “Hiring a CEO of Jon’s caliber is a major commitment from Re

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Turning plastic waste into lumber could put a real dent in our waste crisis

The American Genius for Real Estate

(REAL ESTATE MARKETING) Goodwood plastic is a company that has some great uses for old plastic waste. As the saying goes "One man's trash is another man's treasure!". The post Turning plastic waste into lumber could put a real dent in our waste crisis appeared first on The American Genius Real Estate.

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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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Protected: Let’s crunch the numbers! A workshop on closing costs and what you can afford monthly

Housing Wire

This content is password protected. To view it please enter your password below: Password: The post Protected: Let’s crunch the numbers! A workshop on closing costs and what you can afford monthly appeared first on HousingWire.

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Mortgage and refinance rates today, July 28, 2021

The Mortgage Report

Today’s mortgage and refinance rates Yet again, average mortgage rates inched lower yesterday. And the cumulative effect of all the falls since the middle of the month has been more […].

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Strong refi business, low rates aren’t growing reverse mortgage audience

Housing Wire

While the reverse mortgage industry has seen strong business numbers for most of the past year with endorsements largely staying above 4,000 loans a month, the amount of Home Equity Conversion Mortgage (HECM)-to-HECM refinance transactions being done alongside other market factors frankly outside of the reverse mortgage industry’s control are doing very little to commensurately expand the penetration rate of the HECM category into the broader mortgage business.

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Brooklyn Heights Anglo-Italianate With Mantels, Central Air, Waterfall Asks $5.9 Million

Brownstoner

Located on picturesque Willow Place, this mid-19th century brick row house offers up four floors of living space along with the comfort of central air conditioning, which is sounding appealing in the midst of a hot summer. If that isn't enough to cool you off, the landscaped rear yard of… Read More > The post Brooklyn Heights Anglo-Italianate With Mantels, Central Air, Waterfall Asks $5.9 Million appeared first on Brownstoner.

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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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Protected: Where to start the home-buying journey & what to expect in the process

Housing Wire

This content is password protected. To view it please enter your password below: Password: The post Protected: Where to start the home-buying journey & what to expect in the process appeared first on HousingWire.

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NAA Suing U.S. for Monetary Damages, Alleging Unlawful Eviction Moratorium

RIS Media

The National Apartment Association, a landlord lobbyist group, recently filed a lawsuit in the U.S. Court of Federal Claims, seeking to recover damages from what the organization alleges are “severe economic losses under the U.S. Centers for Disease Control and Prevention’s (CDC) overreaching federal eviction moratorium.” According to the group, the CDC’s extended moratorium order is jeopardizing the long-term viability of housing infrastructure, putting those who provide

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Protected: Efforts to promote homeownership in underserved communities

Housing Wire

This content is password protected. To view it please enter your password below: Password: The post Protected: Efforts to promote homeownership in underserved communities appeared first on HousingWire.

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Federal Reserve and Housing: No Taper Talk Yet

Eye on Housing

Today’s Federal Open Market Committee announcement did not provide an explicit reference to an expected tapering of purchases of Treasury ($80 billion a month) and mortgage-backed ($40 billion a month) securities. In addition, as part of its ongoing accommodative policy stance, the Fed held its benchmark target rate near zero percent. In Chairman Powell’s press conference remarks, he stated, “The.

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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.