Fri.Sep 24, 2021

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Supply of new homes shows a stabilizing housing market

Housing Wire

Today the Census Bureau ‘s new home sales report came in as a beat of estimates at 740,000, but the most important aspect is that revisions came in positive for the prior months, which shows a more stable market as revisions are always key with new home sales and housing starts. From the Census Bureau: “Sales of new single?family houses in August 2021 were at a seasonally adjusted annual rate of 740,000, according to estimates released jointly today by the U.S.

Marketing 521
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It’s Still a Sellers’ Market [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. Due to low supply and high demand , today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values , and a faster sales process. That might be why 73% of people believe it’s a good time to sell. Sellers, don’t miss out on this unique opportunity. Work with an agent to take advantage of this hot sellers’ market.

Marketing 269
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How one lender is solving problems in the fix-and-flip space

Housing Wire

It’s no secret that housing is in short supply. According to Realtor.com , the country is a whopping 5.24 million homes short. And total active listings? Those are down 24% over the year. To make matters worse, some of that inventory is extremely dated. The typical house is now 39 years old — a far cry from the modern, move-in ready property that most homebuyers are looking for.

Lending 424
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Top 16 Mortgage Questions to Get Answered Before Buying a Home

Maximum Exposure Real Estate

Common Mortgage Questions—Information You Need to Know If you are buying a home, you probably have some mortgage questions. For first-time home buyers, the process of getting a mortgage can seem intimidating. Many factors come into play when getting a loan for a home—and if you haven’t done it all before, it can potentially be […]. The post Top 16 Mortgage Questions to Get Answered Before Buying a Home appeared first on Massachusetts Real Estate Exposure.

Mortgages 129
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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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Alex Kutsishin to speak at HW Annual Sept. 27-28

Housing Wire

Knowing where borrowers are at in their home-buying journey is key to any successful lending strategy, but it’s often overlooked in the busy operations of an origination shop. That’s why HousingWire invited Alex Kutsishin , CEO and co-founder of Sales Boomerang , to HW Annual Sept. 28 to discuss the easiest ways to keep borrowers on your radar, and in your pipeline.

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Financial document automation platform Ocrolus raises $80M

Housing Wire

Ocrolus , a New York-based startup offering document processing automation for fintechs and banks, announced raising a $80 million Series C led by Fin VC, according to a press release. The company says it will use the funding to “aggressively” build new products for mortgage lending and banking industries, expand its US operations and scale its staff with a focus on machine learning and data science teams.

Banks 391
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Real Estate Market Values Spike in the Second Quarter

Eye on Housing

The latest Federal Reserve Z.1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that in the second quarter of 2021 the aggregate market value of all owner-occupied real estate in the United States registered the largest quarterly increase in the last 21 years of data. From $33.8 trillion in the first quarter of 2021, real estate.

Marketing 111
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2021 Tech Trendsetters nominations are closing soon!

Housing Wire

Each year, HousingWire selects 50 of the most impactful and innovative technology leaders serving the housing economy. For the third year in a row, the Tech Trendsetters award program recognizes the people who drive innovation for their mortgage and real estate clients. Honorees include product and technology leaders from across the industry who have played an integral role in bringing innovative solutions to market for housing industry clients.

Closing 367
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Luxury Real Estate Headlines: Fourth Week in September 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Burrillville, Rhode Island | The Blackstone Team Team, Mott & Chace Sotheby’s International Realty . Jenn and Cory Heinzen allowed paranormal investigators to stay at the Rhode Island property made famous by the horror movie franchise.

Sales 107
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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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A 1920s Bay Ridge Row House on an ‘Old English’ Terrace and Three More to See, Starting at $830K

Brownstoner

Our picks for open houses to see this weekend are found in Bed Stuy, Bay Ridge and Marine Park. They range in price from $830,000 to $2.195 million. A late 19th century brownstone outside the Bed Stuy historic district serves up renovated kitchens and baths amid the original details. All the… Read More > The post A 1920s Bay Ridge Row House on an ‘Old English’ Terrace and Three More to See, Starting at $830K appeared first on Brownstoner.

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Canadian Mortgage Lenders Are Considering Reversing Rate Cuts Made Days Ago

Better Dwelling

Canada’s largest banks cut mortgage rates last week, and now they might need to reverse the cuts. Half of Canada’s “Big Six” banks cut the interest rate on their 5-year fixed rate mortgages at the end of last week. It might have seemed like a no-brainer back then, but a week is forever ago in […]. The post Canadian Mortgage Lenders Are Considering Reversing Rate Cuts Made Days Ago appeared first on Better Dwelling.

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Mortgage and refinance rates today, Sept. 24, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose significantly yesterday. It may have been a delayed reaction to the Federal Reserve’s events on Wednesday. But other factors might have […].

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Getting To Know Our First Team Huntington Beach Seacliff Charity Partner: Robyne’s Nest

First Team Real Estate

Our First Team Huntington Beach Seacliff Office has supported local charity, Robyne’s Nest , for over six years. Providing resources, funds, and support to the city’s at-risk and homeless high school students in the Huntington Beach High School District , Robyne’s Nest takes a hands-on approach to help young adults learn the skills the succeed. Left to right: Tim Branoff, Robyne Wood, Karen Branoff.

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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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How to refinance without an appraisal: 3 Strategies

The Mortgage Report

It may be possible to refinance without an appraisal, but only if you meet certain requirements. Learn about appraisal waivers and no-appraisal refinancing.

Mortgages 105
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Stuart Air Show 2021

Waterfront Properties

The Stuart Air Show is coming back to town November 12-14, 2021. Aviation enthusiasts and people passionate about giving back to the community will love the 2021 Stuart Air Show. The Martin County skies, in Stuart, will be occupied with thundering sounding jets and flying stunt planes as part of the annual Stuart Air Show. The 3-day air show will take place at the Witham Field Airport.

Closing 98
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How to Prepare for Gen Z’s Transition Into Homeownership

RIS Media

Just when you thought you had mastered marketing to millennials, it’s time to prepare for a new generation of homebuyers: Gen Z. According to realtor.com®’s fourth quarter generational propensity report, these tech-savvy adults now own about 2% of the homes on the market. So, what does this mean for real estate agents? Besides the obvious advice to jump on the TikTok bandwagon to get in front of these consumers, Generation Z’s desire to get out of big cities and into urban and

Lending 98
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The 8 Hottest Design Trends of Fall 2021, Revealed—and How To Use Them To Transform Your Home

Realtor.com

Ready to reset your home decor? Here's what's trending this fall, from verdant paint shades and bold prints to layered tables and fabulous mirrors. The post The 8 Hottest Design Trends of Fall 2021, Revealed—and How To Use Them To Transform Your Home appeared first on Real Estate News & Insights | realtor.com®.

Design 96
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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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5 Photo Tips for Your Real Estate Listings

RIS Media

One of the best things to do before you start marketing your listing is ensuring you have great images. This can be really tough for homeowners and agents who are already overwhelmed with everything else that needs to happen when selling a home. With these simple tips, you can ensure your photos help generate interest and not scare people away. Declutter before the first photo is taken.

Staging 98
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New-Home Sales Turn Higher, Despite Record Prices

Realtor.com

U.S. new-home sales rose 1.5% to an annual rate of 740,000, the government said Friday. The median sales price of new houses sold in August was $390,900. The post New-Home Sales Turn Higher, Despite Record Prices appeared first on Real Estate News & Insights | realtor.com®.

Sales 88
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Post-Pandemic Luxury Trends Beginning to Emerge

RIS Media

A new report from Berkshire Hathaway HomeServices is shedding some light on what the post-pandemic luxury real estate market might look like as the travel restrictions and financial upheavals of the pandemic begin to settle and wealthy homebuyers begin assessing their preferences and needs in a changing world. Of particular interest is a continued demand for vacation homes—where people are likely to spend significantly more time than they did previously—as well as a likely renewed interest in la

Design 98
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Mortgaged homes gain almost $3 trillion in equity in Q2

Realty Biz

American homeowners with mortgages gained a combined $2.9 trillion in equity during the second quarter, up 29.3% from the same period one year ago. That amounts to an average equity gain of $51,500 per borrower over the last year, according to a report from CoreLogic this week. In its report, CoreLogic determines the amount of equity for a property by comparting its estimated value against the mortgage debt outstanding.

Equity 79
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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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City Planning Greenlights Controversial Gowanus Rezoning

Brownstoner

The New York City Planning Commission voted nearly unanimously to approve the neighborhood-wide Gowanus rezoning on September 22, pushing the contentious development plan one step closer to reality. The 82-block land use change, headed by the Department of City Planning, is expected to bring at least 8,500 new apartments to the… Read More > The post City Planning Greenlights Controversial Gowanus Rezoning appeared first on Brownstoner.

Land 86
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The Ultimate Guide To Refrigerator Maintenance

Realtor.com

The top mistake people make with refrigerator maintenance? Not doing it at all. Here's how can you help your fridge last its expected 14- to 17-year life span. The post The Ultimate Guide To Refrigerator Maintenance appeared first on Real Estate News & Insights | realtor.com®.

85
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How to Solve Your Prospecting Challenges

RIS Media

One of the proven strategies of top-producing sales professionals is their ability to data-mine the upper echelon of their contacts rather than spend extra time, money and energy converting low-level leads. Let’s face it; making prospecting calls reeks of “commission breath.” You and the contact both know you have a reason for connecting other than getting an update on their family, friends, vacations and dreams.

Equity 98
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The Best Weekend Apple Picking Orchards for Brooklyn Families

Brownstoner

Summer has come to a close and apple picking is in full gear for 2021. With school starting and many kids reverting back to in-person learning, what better way to spend your weekend than by heading to one of these farms to pick fresh apples? Pick crisp apples and make… Read More > The post The Best Weekend Apple Picking Orchards for Brooklyn Families appeared first on Brownstoner.

Closing 83
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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.