Housing Wire

JANUARY 22, 2021

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% increase from the same month in 2019. Instead of thinking of the end of 2020 and going into 2021 as a hot sales market, this increase over December 2019 sales may be more appropriately interpreted as an end-of-the-year bump due

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Keeping Current Matters

JANUARY 22, 2021

Some Highlights. When you’re thinking about buying a home, there are a few key steps to take before you even start to look at houses. From saving for your down payment to getting pre-approved for a mortgage, you’ll want to make sure you keep your financial plan on track from the beginning. Reach out to a local real estate professional and a trusted lender today to make sure you have the best possible guidance as you begin your homebuying process.

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Housing Wire

JANUARY 22, 2021

After ringing the bell of the New York Stock Exchange on Friday morning, Mat Ishbia’s United Wholesale Mortgage (UWM) is a publicly traded company. UWM, the second-largest mortgage originator in America , debuted trading at $11.95. By 10:45 a.m. EST, it was trading at $11.65. UWM’s entrance to the public markets caps a wild six months for independent mortgage banks across America, in which a dozen large or mid-sized mortgage firms revealed plans to go public.

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Realtor.com

JANUARY 22, 2021

irina88w/Getty Images Getting a home improvement project to pay off is notoriously tricky. There’s no guarantee you’ll recoup the money you pour into a bathroom remodel or an outdoor kitchen. Plus, the COVID-19 pandemic has made completing even minor projects more difficult, as many nonessential construction projects have been halted. And while it might seem crazy to take on a big-ticket project in a time of economic uncertainty, many home buyers are still looking for turnkey propert

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Housing Wire

JANUARY 22, 2021

Time is a funny thing in the mortgage business, moving in cycles like the economy. Yet, in good times we tend to forget that there will be bad times, and the bad times seem like they’ll have no end. More worrisome, though, we tend to forget the mistakes we make, allowing them to come back and bite us again when we let down our guard. The lack of historical memory is a great risk, however, something that we should all guard against.

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Realty Biz

JANUARY 22, 2021

When you are getting ready to sell your home, some home improvements can help you find a buyer. While you could spend thousands on renovations, it doesn’t guarantee prospective buyers will like the changes you’ve made or that you will recoup your investment. However, there are some money-saving improvements you can make that aren’t going to break the bank, and should improve your chances of selling quickly and for more.

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Maximum Exposure Real Estate

JANUARY 22, 2021

How to End Paying Private Mortgage Insurance What is PMI? Great question, right? Many people, especially first time home buyers, hear the term PMI and have no idea what it means. You will see the definition of PMI in a moment and, more importantly, how to terminate it. One of the things that many homeowners […]. The post What is PMI: How to Get Rid of Private Mortgage Insurance appeared first on Massachusetts Real Estate Exposure.

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Housing Wire

JANUARY 22, 2021

Existing home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to the National Association of Realtors. A total of 5.64 million homes were sold in 2020, up 5.6% from 2019 and the most since before the Great Recession, according to Lawrence Yun, NAR’s chief economist. Sales also rose 0.7% from November and 22.2% year over year.

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Better Dwelling

JANUARY 22, 2021

Canadian real estate prices are growing to comical levels, as bad policy stacks up. U.S Federal Reserve data shows real adjusted home prices increased at double the pace of the U.S in Q3 2020. As big as the gain is, it’s one of many times Canadian real estate prices have outperformed the U.S. home prices. […]. The post Canadian Real Estate Prices Grew Over 25x Faster Than U.S.

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Housing Wire

JANUARY 22, 2021

Buying a home is a big decision. And choosing the right type of property? That’s critical to success. The property type you opt for will ultimately impact your cash flow, how much work and maintenance the home requires, and the wealth you’re able to build over time. Want to make sure you’re buying the right property for your budget and goals? Here’s what you need to know: Condos.

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Property Management Land Mortgages As-is 394

Advertiser: Trellis

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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Realtor.com

JANUARY 22, 2021

realtor.com. For those of you nowhere near a computer or phone in the past few days, here’s the quick backstory: Vermont Sen. Bernie Sanders spurred a viral meme sensation that has taken the World Wide Web by storm. It all started when Sanders was photographed outside at Joe Biden ‘s presidential inauguration on Wednesday looking relatively unimpressed by the historic occasion.

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Housing Wire

JANUARY 22, 2021

As one of his first directives upon taking office, President Joe Biden announced a 60-day freeze on regulations to give his administration the time necessary to review any new rules. It could affect two recent rules related to mortgages. Biden ordered that no new rules can be issued until a member of his administration is appointed to the head of the agency issuing the regulation.

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Eye on Housing

JANUARY 22, 2021

As demand continues to be driven by low mortgage rates and a suburban shift for home-buying preference, existing home sales, as reported by the National Association of Realtors (NAR), ticked up in December and the annual sales tally reached the highest level since 2006. But surging house prices and inventory shortage could limit demand and slow the market.

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Housing Wire

JANUARY 22, 2021

By a unanimous 26-0 vote, the Senate Finance Committee approved Janet Yellen’s nomination to become U.S. Treasury Secretary on Friday. Senate Majority Leader Chuck Schumer said there would be no other votes in the Senate on Friday, meaning there will not be confirmation of Yellen as Treasury Secretary until this weekend or next week, if she is approved.

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Realtor.com

JANUARY 22, 2021

Jonne Trees. A whimsical house that’s part castle and part storybook cottage is waiting for its first inhabitant. “There’s a sign right at the door that says ‘Clear mind before entering,’” says the listing agent, Jonathan Tindal. “[The] spaces really foster introspection, but also opportunity for intimate conversations and collaboration. … It’s obviously a very unique style.”.

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Housing Wire

JANUARY 22, 2021

With the 117th Congress having been sworn in, Rep. Maxine Waters announced the Democratic members for the House Financial Services Committee, which has oversight on banking, insurance, real estate and securities sectors. “I look forward to working with all of my colleagues to continue to tackle this pandemic crisis, make sure the financial system works for everyone, and put forth solutions to benefit individuals and families across the nation,” Waters said in a statement on Friday.

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Realty Biz

JANUARY 22, 2021

With housing inventories low and home values rising by double-digits over the past year, sellers are holding firm on the price they demand. A recent survey by the real estate agent referral firm HomeLight has found that 52% of agents believe the biggest challenge sellers will face in 2021 is the temptation to overprice their homes due to the red hot market we’re in.

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Housing Wire

JANUARY 22, 2021

Nearly three months after CoreLogic confirmed it was exploring multiple acquisition offers following the rejection of a hostile takeover bid, the data giant is now evaluating the final two bidders. Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet.

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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.

Agents

The Mortgage Report

JANUARY 22, 2021

A home equity loan lets you cash-out your equity without replacing your current mortgage. Learn how home equity loans and home equity lines (HELOCs) work.

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Equity Loans Mortgages 120

Housing Wire

JANUARY 22, 2021

HousingWire’s People movers section covers the latest hiring updates in the mortgage and real estate industry. This week, Better.com , Credit Plus and Foundation Title & Escrow Series announced changes to their leadership team. Better.com appointed Diane Yu as its new chief technology officer where she will lead engineering and technical strategy.

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Realtor.com

JANUARY 22, 2021

JIM WATSON / Contributor / Getty Images President Joe Biden is now in the White House, and already busy in his new home office—aka the Oval Office. And, as tradition dictates, he’s already refreshed the decor. On Day One, in fact. As the newest incoming president, Biden has his pick of all kinds of furnishings for the White House as well as artwork and artifacts that can be loaned from various museums and galleries across the nation, or taken out of the White House archives.

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Housing Wire

JANUARY 22, 2021

Home Point Capital , the parent company of wholesale lender Homepoint , announced Friday that certain undisclosed stockholders plan to sell 12.5 million shares of Class A common stock, raising $250 million in an independent public offering. Home Point Capital said those stockholders planned to price shares of common stock between $19 and $21 per share, according to a filing made with the SEC.

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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.

Agents

Brownstoner

JANUARY 22, 2021

Likely built as a worker's dwelling in the 19th century, this petite cottage has charm in its compact size and is a short distance from the amenities and transit in Cold Spring, N.Y. The house on the market at 337 Main Street is listed with an address of Cold Spring but… Read More > The post A Cozy Cottage Near Downtown Cold Spring Can Be Yours for Under $400K appeared first on Brownstoner.

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Sotheby's International Real Estate

JANUARY 22, 2021

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Glencoe, Illinois| Jamie Ficco & Erica Goldman, Jameson Sotheby’s International Realty. The home has nine bedrooms, eleven bathrooms and eight partial bathrooms. It is listed for $18 million with Jamie Ficco and Erica Goldman of Jameson Sotheby’s International Realty.

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Realtor.com

JANUARY 22, 2021

GETTY IMAGES/ISTOCKPHOTO The numbers: Existing-home sales beat analyst estimates and rose in December, even as inventory dropped once again to a record low. Total existing-home sales dropped 0.7% from November to a seasonally-adjusted annual rate of 6.76 million, the National Association of Realtors reported Friday. Compared with a year ago, home sales were up roughly 22%.

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Agent Drive

JANUARY 22, 2021

There are a number of reasons why you should look into getting a home inspection before buying a new home. The home inspection process is a vital step in the home-buying process that should not be overlooked. It entails a professional home inspector making sure that every aspect of the house is in good shape […]. The post Why You Should Always Get a Home Inspection Before Buying a New Home appeared first on AgentDrive.

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The American Genius for Real Estate

JANUARY 22, 2021

(REAL ESTATE NEWS) It’s no coincidence that the most exciting areas of our country are also the most diverse. The post Top 10 cities with the most immigrant homeowners appeared first on The American Genius Real Estate.

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Waterfront Properties

JANUARY 22, 2021

The quaint seaside Town of Hobe Sound is celebrating the 20th Anniversary Hobe Sound Festival of the Arts. The festival returns with the some of the nations top artists and skilled craft artisans. This 2-day event is a socially distanced outdoor art show and craft marketplace. The festival is a community event taking place on Dixie Highway from Bridge Road to Venus Street.

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Realty Biz

JANUARY 22, 2021

Building firms are constructing more single-family homes specifically for the rental market, and that means a growing proportion of new homes will never be listed for sale. Experts say the rising number of build-to-rent homes could lead to greater competition for buyers who’re already struggling with low inventories, particularly in the entry-level price bracket.

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Realtor.com

JANUARY 22, 2021

Moore Architects, PC/Houzz If there’s one thing we’ve consistently missed during the pandemic (besides a general sense of normalcy), it’s eating at restaurants. Sure, we can tap DoorDash and Postmates to deliver our favorite dishes every night of the week if we want to. But it’s not remotely the same as sitting down to a meal with the sound of wineglasses clinking and the ambiance of a dimly lit restaurant.

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Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

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