Housing Wire

NOVEMBER 19, 2020

The average U.S. mortgage rate for a 30-year fixed loan fell this week to 2.72%, Freddie Mac said in a report on Thursday – the lowest rate in the survey’s near 50-year history. This week’s rate broke the previous record set on Nov. 5 by 6 basis points. The average fixed rate for a 15-year mortgage also fell by 6 basis points to 2.28%. After this week’s record drop, there have now been 17 consecutive weeks when average mortgage rates have been below 3%.

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Mortgages Construction Loans Marketing 546

Keeping Current Matters

NOVEMBER 19, 2020

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac , rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below): When you continually hear how rates are hitting record lows, you may be wondering: Are they going to keep falling?

Mortgages 253

Mortgages Industrial As-is Marketing 253

Housing Wire

NOVEMBER 19, 2020

The Department of Justice (DOJ) filed a lawsuit against the National Association of Realtors (NAR) on Thursday, alleging a series of violations of antitrust law, including commission arrangements and consumer disclosure requirements. NAR has adopted a “series of rules, policies, and practices governing, among other things, the publication and marketing of real estate, real estate broker commissions, as well as real estate broker access to lockboxes, that have been widely adopted by NAR’s m

Purchase and sale agreement 545

Purchase and sale agreement MLS As-is Sales 545

Realtor.com

NOVEMBER 19, 2020

Blair_witch / Getty Images Winter is typically a buyer’s market. Between the chilly weather and the holidays, homes for sale often sit much longer without offers, which means that the few buyers who do venture out are poised to have the upper hand with sellers and get a great deal. Yet this winter, buyers might not have it so easy. “Normally winter is a good time for buyers,” says Danielle Hale , chief economist at realtor.com®.

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Pre-approval Mortgages Loans Lending 133

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Housing Wire

NOVEMBER 19, 2020

Existing home sales came in at a whopping 6,850,000 , beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% year over year. The housing market is hot. While we celebrate these strong numbers, keep in mind these three points: First, expect the data to moderate, so don’t freak out when we see the rate of growth cool down.

Marketing 545

Marketing Sales Mortgages Days on market 545

Realtor.com

NOVEMBER 19, 2020

ozgurcankaya/Getty Images The numbers: Existing-home sales rose for the fifth consecutive month in October, as the housing market finally made up for the pandemic-related downturn in sales this spring. Total existing-home sales increased 4.3% from September to a seasonally-adjusted annual rate of 6.85 million, the National Association of Realtors reported Thursday.

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Sales Lending Renovation Finance 124

Better Dwelling

NOVEMBER 19, 2020

Canada’s emergency benefit applications are giving a little more insight into income disruption. Canada Revenue Agency data presented to the House of Commons shows a breakdown of CERB applicant income from last year. The data, first reported by Blacklock’s Reporter, shows hundreds of thousands of applicants didn’t file taxes at the time of application.

Mortgages 119

Mortgages 119

Housing Wire

NOVEMBER 19, 2020

Digital notary platform NotaryCam announced on Wednesday it has been awarded the Remote Online Notarization (RON) Compliance Certification through the Mortgage Industry Standard Maintenance Organization (MISMO) – making it the eighth company to receive the specialized certification. Originally introduced in April, the MISMO RON compliance certification was designed to assure RON tech providers meet a universal set of standards including credential analysis, borrower identification, capturing and

Principal 433

Principal Technology Development Mortgages 433

The American Genius for Real Estate

NOVEMBER 19, 2020

(TECH NEWS) As the pandemic makes proptech even hotter, savvy real estate pros need to know what tech tools can do for their business. The post Realtors and agents, take advantage of your proptech appeared first on The American Genius Real Estate.

Agents 118

Agents Technology 118

Housing Wire

NOVEMBER 19, 2020

Homeowners in Charlotte, North Carolina and Raleigh, North Carolina can now use Knock Home Swap to purchase their new home before selling their old one. The solution is now available in 11 markets in six states. Home Swap is offered exclusively through local real estate professionals who have been trained as Knock Certified Agents. In North Carolina, Home Swap will be offered through Better Homes & Gardens Real Estate Paracle , Wilkinson ERA Real Estate and ERA Live Moore.

Equity 404

Equity Agents Loans Design 404

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.

Loans

RIS Media

NOVEMBER 19, 2020

During a time when the real estate market is hot, real estate agents are having trouble finding one thing: listings. This year is completely unprecedented, and you may feel that you need a few tips to generate more listings for your business. This week, we had Larry Kendall, author of Ninja Selling and practicing agent of 44 years, join us for our Secrets of Top Selling Agents webinar, where he shared 10 tips to generate more listings the Ninja way. 1.

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Investor Agents As-is Marketing 116

The American Genius for Real Estate

NOVEMBER 19, 2020

(REAL ESTATE ASSOCIATION) The NAR amended their code of ethics to cover hate speech online - a decision for which we’ve been waiting for years. The post NAR updates code of ethics – here’s why it matters appeared first on The American Genius Real Estate.

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Realtor.com

NOVEMBER 19, 2020

fstop123/Getty Images The financial pain wrought by COVID-19 has rippled through the housing market. Even folks lucky enough to own their own homes in a time of record-high house prices and a historic shortage of properties for sale haven’t been immune to the harsh economic impact of the pandemic. While homeowners have typically fared better than renters, many lost income and fell behind on their mortgage payments.

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Marketing Mortgages Loans As-is 114

Brownstoner

NOVEMBER 19, 2020

A third-generation native of Staten Island who got his start working in the family shoe store, Compass broker Joe Tirone lifts the curtain on the borough, what to do and where to go in the latest episode of The Brownstoner Podcast. Drawing on his deep experience of working for many… Read More > The post Brownstoner Podcast: Compass Broker Joe Tirone Reveals Insider Secrets of Staten Island appeared first on Brownstoner.

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Sales

Realtor.com

NOVEMBER 19, 2020

HGTV Drew and Jonathan Scott have fixed up plenty of old, damaged homes in their day. But their latest project on “Property Brothers: Forever Home” hasn’t been roughed up by time—but rather by two young boys playing ball in the house. In the “Home Run Reno” episode, the Scott brothers meet an athletic family that needs an updated home base where it can gather after the boys’ baseball games.

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Renovation As-is 113

Brownstoner

NOVEMBER 19, 2020

The federally supervised cleanup of the Gowanus Canal kicked into high gear this week as the Environmental Protection Agency launched their full-scale dredging of the upper portion of the toxic waterway on Monday. The agency has tasked six historic polluters of the Gowanus — National Grid, Con Edison, the Hess Corporation,… Read More > The post Here’s What Will Happen During the Gowanus Canal Superfund Cleanup appeared first on Brownstoner.

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RIS Media

NOVEMBER 19, 2020

This has been a year of upheaval for real estate, but now that we are nearing the end of 2020, we can look back and see how we made it through after adapting quickly and becoming more flexible in how we do business. Looking ahead, I see two trends that emerged in 2020 that will continue into next year. First-Time Buyer Expertise Will Be Crucial. Real estate made it through the pandemic with the help of multiple forces that seemed to align all at the right time.

Technology 108

Technology Loans Mortgages Agents 108

Brownstoner

NOVEMBER 19, 2020

Editor's note: Brownstoner founder Jonathan Butler is back at it -- blogging, that is, on Instagram with the handle @real_estate_bites. We're pleased to run some of his snapshots of what he sees happening around Brooklyn here as a weekly column. Please note the views expressed are his own. … Read More > The post Real Estate Bites: Sanitation Truck Depot Slated for Brooklyn’s Park Avenue appeared first on Brownstoner.

As-is 110

As-is Development 110

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

Realtor.com

NOVEMBER 19, 2020

realtor.com, John Parra/WireImage Music superstar Marc Anthony would like to record a sale of his Coral Gables, FL, estate, according to the Los Angeles Times. The Grammy winner, who bought the home for $19 million just two years ago, hopes to turn a tidy profit on his investment. The home is back on the market for $27 million. The performer, whose given name is Marco Antonio Muñiz , purchased the waterfront property from Bacardi heiress Hilda Maria Bacardi in 2018.

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Construction Commercial Design Sales 98

Eye on Housing

NOVEMBER 19, 2020

Confidence in the multifamily housing market continued to recover from its 1st quarter trough, with the Multifamily Production Index (MPI) rising to 48 in the third quarter (up from 37 in the second quarter and 27 in the first quarter), according to the National Association of Homebuilders’ Multifamily Market Survey (MMS) (Figure 1). Meanwhile, the Multifamily Vacancy Index (MVI) decreased.

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Marketing 99

RIS Media

NOVEMBER 19, 2020

Over the last year, the National Association of REALTORS® (NAR) has taken steps to reaffirm its commitment to Fair Housing. This past summer, for example, NAR launched a Fair Housing extension campaign as part of its “That’s Who We R” efforts. The association also discussed the topic at length during its 2020 REALTORS® Conference & Expo.

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As-is Industrial 98

First Team Real Estate

NOVEMBER 19, 2020

As the coronavirus pandemic continues to affect our daily lives, the real estate industry has quickly and successfully adapted to meet the needs of home buyers and sellers. In fact, the housing market is booming right now as the conditions of low supply and high demand are driving a healthy seller’s market. Selling your Southern California home safely during COVID-19 is not only possible, it’s easy and we’ve been doing it for nearly 8 months since the initial shut down in March

Sales 98

Sales Agents As-is Marketing 98

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

GeekEstate

NOVEMBER 19, 2020

The (third quarter) results are in for proptech’s public companies. After the success of our first Earnings Radar for Q2 , we are bringing it back for a second spin. Ben Godfrey put together a Q3 earnings overview, specifically for Zillow Group. You can read that here. Without further ado… COMPANY SNAPSHOTS. Zillow continues to blaze a trail with CEO Rich Barton speaking to the “Great Reshuffling” that 2020 has brought.

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Agents Commercial Title Mortgages 98

Waterfront Properties

NOVEMBER 19, 2020

The Palm Beach Zoo and Conservation Society has partnered together with Florida Power and Light Company to present Zoo Lights this holiday season. Zoo Lights has quickly became a South Florida holiday tradition for families and friends. After hours, while the animals are sleeping, the Palm Beach Zoo will be illuminated for the holiday season. The zoo will be decorated with over 1 million eco-friendly light every night.

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Sales 98

RIS Media

NOVEMBER 19, 2020

Marketing is an incredibly influential asset to any business. It can create sales, increase brand awareness and trust, foster deeper connections between a team, and show prospective customers why your service is so valuable to them. But marketing isn’t just a function of the external, it’s also an internal process that can be used to reshape your mindset.

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Marketing Branding As-is Sales 98

The Mortgage Report

NOVEMBER 19, 2020

Wondering when to refinance your home? Here are 3 trusted ways to evaluate refinance rates and savings to find out if a refinance is worth it for you.

Equity 105

Equity Mortgages 105

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Agents

RIS Media

NOVEMBER 19, 2020

Evolve or be extinct. It’s a mantra in business, and for me, it led to a turning point in my life and my real estate career. And, despite many successes and multiple sales achievements, a voice kept ringing in my head. Is there more for me as a solo agent? Do I need more for the future? Can I be making more of a difference? Some 18 months ago, armed with “yes” answers to the questions above, I decided to move from my brokerage and my team and join the ranks of the relentless at

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Branding Brokerage Agents Closing 98

REM Online

NOVEMBER 19, 2020

The following content may have been republished here without the author's permission. The original post can be found at the following URL: The home inspection – An inspector’s perspective. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Today’s home inspection is a vital and necessary part of almost all residential real estate transactions in North America.

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Inspection Residential 94

RIS Media

NOVEMBER 19, 2020

Episode #5. Josh Harley. Founder & CEO. Fathom Realty. ‘You Can’t Build Culture in a Vacuum’ – Staying Connected as a Virtual Brokerage. Overview. Coming from humble beginnings, U.S. Marine Josh Harley, the founder and CEO of Fathom Realty, has always had a love for business, even going by “serial entrepreneur.” While his endeavors haven’t always led to immediate success, Harley says he’s harnessed the power of “failing quickly” in order

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Brokerage Agents Technology As-is 98

Notorious ROB

NOVEMBER 19, 2020

This content is behind fabulous velvet ropes for Notorious VIP Subscribers only. Please login or sign up. Thank you! -rsh Monthly Subscription $ 20 Monthly Subscribe Now Annual Subscription $ 200 Annually (Save $40) Subscribe Now. The post Quick Reaction to the NAR-DOJ Settlement on MLS appeared first on NotoriousROB.

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MLS 94

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.

Sales