Mon.Sep 13, 2021

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Red-hot US housing market begins to cool

Housing Wire

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. A report from residential brokerage Redfin found that pending sales across 400 metro areas were up 6% year over year in the four weeks that ended Sept. 5. Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021.

Marketing 536
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Why It’s Still Safe To Sell Your Home

Keeping Current Matters

If you’re on the fence about whether or not you want to sell your house this year, there’s good news. Real estate professionals are highly experienced in how to sell houses safely during the pandemic. Over the last year, agents have adopted new technologies and safety measures designed to keep you safe. And experts say these practices are here to stay.

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How demographics shaped the housing market in 2021

Housing Wire

As we come to the end of 2021, we also approach the end of another year living with COVID-19. The year 2020 was one of the most chaotic times in recent history. Although 2021 seems normal in comparison, it is perhaps even stranger because as a country, we have learned to normalize the consumption of goods and services with an active virus infecting and killing Americans each day.

Marketing 457
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Canada’s Real Estate Bubble Is The Second Longest In The World: US Federal Reserve

Better Dwelling

Canadian real estate has long been frothy, but how does it look compared to other countries? According to the US Federal Reserve (the Fed) exuberance index in Q1 2021, pretty bad. Only two G7 countries are considered exuberant markets (a.k.a. bubbles) — Canada and Germany. Those two countries are also the longest-running bubbles of any […]. The post Canada’s Real Estate Bubble Is The Second Longest In The World: US Federal Reserve appeared first on Better Dwelling.

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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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Servicer call volume up as borrowers exit forbearance

Housing Wire

After a slight lull , forbearance numbers across the board have started to lurch downwards, with the total number of loans dropping by 15 basis points to 3.08% as of Sept. 5, according to the Mortgage Bankers Association ‘s latest survey. The portfolio loans and private-label securities (PLS) category, which has remained stubbornly high, saw the most notable decline last week, dipping by 25 bps to 7.27%, the report said.

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Biden nominates Alanna McCargo to be Ginnie Mae prez

Housing Wire

Alanna McCargo, senior advisor at the Department of Housing and Urban Development , has been picked by the Biden administration to head Ginnie Mae. The position of GNMA president has notably sat vacant for close to five years, with Ted Tozer, the last permanent president, resigning in 2017. Since then, the industry has been waiting with bated breath for someone to fill the role.

Finance 442
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5 Things You Should Know Before You Make a Real Estate Investment

Realty Biz

A blind real estate investment might end up making no profit as per your expectations, but it’s all in vain. Whether you are buying a property to earn rental money through it or for living purposes, you surely have to take care of the indicators that play a vital role in the real estate economy. Let’s get to know the indicators that would help you to optimize your real estate investments. 1- Keep an Active Eye on the Life Amenities Offered.

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Daniella Casseres to speak at HW Annual Sept. 27-28

Housing Wire

The regulatory environment for the mortgage industry is experiencing a period of turbulence as President Biden has ushered in a new era of regulation under his administration. That’s why HousingWire invited attorney Daniella Casseres to HW Annual to discuss just what these new regulations mean for those in the housing economy. . Casseres is a partner at Offit Kurman working in their Financial Institutions Compliance Practice Group, which focuses on laws and regulations governing mortgage lenders

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Inventory Watch

BubbleInfo

There were 48 new listings between La Jolla and Carlsbad this week, and 48 new pendings! The pendings are evenly divided too: NSDCC Pending Listings: 0 – $1,000,000: 7 $1.0M – $1.5M: 78 $1.5M – $2.0M: 77 $2.0M – $3.0M: 78 Over-$3,000,000: 77 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC (La Jolla to Carlsbad) Under $1,000,000 Market Date NSDCC Active […].

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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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@properties leaders poised for strategic growth

Housing Wire

Today’s RealTrending features an interview with with Mike Golden and Thad Wong, co-founders of @properties. A powerhouse in the Chicagoland area, the brokerage firm is now expanding to to other areas. Wong and Golden discuss their franchising strategy, their technology platform and their strategic plan for the coming year. Here is a small preview of today’s interview with @properties co-founders Thad Wong and Mike Golden.

Brokerage 378
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Forbearance Expirations

BubbleInfo

Hat tip to GW and AK who sent me an article by Fortune, that references this article: [link] An excerpt: With expiration of a broad federal foreclosure moratorium on July 31, hundreds of thousands of U.S. homeowners are expected to exit forbearance in coming months. A significant share of these homeowners will likely end up […].

Mortgages 105
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Old Republic settles anti-competitive charges

Housing Wire

Title insurance giant Old Republic International will pay $1 million to settle charges that it entered into “no-poach” agreements to stifle labor competition, the New York Attorney General’s Office said late last week. “For years, Old Republic stifled competition in the labor market, but this agreement ends the company’s illegal conduct, while putting all businesses on notice that no-poach agreements will not be tolerated in New York State,” New York Attorney

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3 Types of Storage Rentals to Consider When Moving

Maximum Exposure Real Estate

The Methods of Storing Your Belongings When Moving Reviewed Are you wondering what the storage options are for an upcoming move? There is lots to do when it comes to moving, from changing your address to hiring movers to renting storage space. If you are planning a move that will require storing some of your […]. The post 3 Types of Storage Rentals to Consider When Moving appeared first on Massachusetts Real Estate Exposure.

Marketing 102
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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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Mortgage and refinance rates today, Sept. 13, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower again last Friday. But, with rises almost canceling out falls, the week ended very close to where it started. Still, […].

Mortgages 102
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3 Essential Safety Strategies to Protect Agents in the Field

RIS Media

Did you know that nearly one in four REALTORS® reported that they have feared for their personal safety while on the job? An even higher number, nearly one in three, reported feeling fearful when hosting open houses or conducting showings. In fact, according to the 2020 Member Safety Report, 4% of REALTORS®, or about 60,000 members, said they’ve been victims of a violent crime, including assault, sexual abuse, rape, robbery and murder.

Agents 102
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Global Getaways: Luxury Rental Market Spotlight on New Zealand

Sotheby's International Real Estate

We recently explored why a luxury rental in the Balearics might be your next real estate investment; now let’s take a closer look at a country with a thriving luxury rental market and hear directly from our local area experts there. New Zealand. Queenstown, New Zealand | New Zealand Luxury Rental Homes, New Zealand Sotheby’s International Realty .

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Jumbo vs. conventional loans: Which is better?

The Mortgage Report

Learn all you need to know about jumbo vs. conventional loans. Explore interest rates, requirements, and who should use which loan type.

Loans 113
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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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Sunny Delight: This $11.7M Private Island in Florida Keys Is Pure Heaven

Realtor.com

East Sister Rock Island just off Marathon, FL, in the Lower Keys is available for $11.7 million. For a buyer in search of true isolation, there's nothing like it. The post Sunny Delight: This $11.7M Private Island in Florida Keys Is Pure Heaven appeared first on Real Estate News & Insights | realtor.com®.

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NAR pushes back on DOJ’s reneging on antitrust settlement

The American Genius for Real Estate

(REAL ESTATE) After coming to a settlement with the DOJ, the National Association of Realtors is petitioning the court to keep the DOJ from reneging. The post NAR pushes back on DOJ’s reneging on antitrust settlement appeared first on The American Genius Real Estate.

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Here Are America’s Best College Towns for Homebuyers—at Any Age

Realtor.com

From a better-educated workforce to more exposure to arts and culture, college towns can be great places to buy a home at any stage of life. The post Here Are America’s Best College Towns for Homebuyers—at Any Age appeared first on Real Estate News & Insights | realtor.com®.

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Backyard Decor Ideas to Create the Perfect Outdoor Retreat

Point2Homes

Image: Joanne Dale / Shutterstock.com. If you want to maximize your time in the great outdoors, there’s no better place to start than in your own backyard! Consider your backyard as an extension of your living space and gain that extra “room” you’ve always wanted. Here are five fabulous backyard decor ideas that will help you turn your backyard into your own personal outdoor haven.

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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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The Best Week of the Year for Homebuyers To Purchase Property

Realtor.com

Homebuyers have been faced with sky-high prices, epic bidding wars, and a historic inventory shortage. But if they wait a little longer, they may get an edge. The post The Best Week of the Year for Homebuyers To Purchase Property appeared first on Real Estate News & Insights | realtor.com®.

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Photoville Festival Returns to Brooklyn for 10th Anniversary Public Art Exhibitions

Brownstoner

Photoville, the city-wide festival dedicated to public photography programs, is returning for its 10th anniversary. The festival—which is free and open to the public—will be spread out across 25 locations this year, with opening festivities beginning on Saturday, September 18 with a “community day” in Brooklyn Bridge Park, which will include… Read More > The post Photoville Festival Returns to Brooklyn for 10th Anniversary Public Art Exhibitions appeared first on Brownstoner.

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Avoid These 6 Common Mistakes That Make a Room Feel Smaller

Realtor.com

Whether you're decorating your living room or bedroom, make sure to avoid these common mistakes that are sure to cramp your home (and style). The post Avoid These 6 Common Mistakes That Make a Room Feel Smaller appeared first on Real Estate News & Insights | realtor.com®.

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Making Green Home Improvements

Realty Biz

If you are thinking about improving your home in some way, you might want to look into eco-friendly options which can serve to make your life easier or less expensive. And these options can help your family live better while preserving resources. Some of these options might even pay for themselves in the form of saved money. Eco-Friendly Devices. If your goal is to renovate your home to make it easier to age in place, you might want to look into eco-friendly options to help you accomplish that g

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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.