Thu.Apr 08, 2021

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Looser mortgage credit may give first-time buyers a chance

Housing Wire

Mortgage credit showed signs of loosening up in March, and with it, more availability for lower credit scores and high LTV products to enter the housing market, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index rose.6% to 125.4 last month, a positive indicator after pandemic-driven factors plunged the index from record highs previously seen in late 2019.

Mortgages 510
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Homeownership Is Full of Financial Benefits

Keeping Current Matters

A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents: 88% – a better chance of saving for retirement. 87% – the best investment plan. 85% – the chance to be better off financially. 85% – the chance to build up wealth.

Equity 264
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How to negotiate your home purchase offer

Housing Wire

When you’re trying to create a standout offer to buy a home, it’s important to consider the tools and tactics at a buyer’s disposal. According to industry experts, there is more to a home offer than just the price you are willing to pay. Other aspects of an offer, they say, create more opportunities for you to lock in a home – and could make all the difference.

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Canadian Bank Regulator Readies To Reverse Extra Pandemic Mortgage Leverage

Better Dwelling

Canadian real estate markets may have got the first big cooling measure today. The Office of the Superintendent of Financial Institutions (OSFI) announced they are moving to tighten uninsured mortgage leverage. The organization that regulates Canada’s banks, eased the mortgage stress test last year. Now that it’s clear mortgages don’t need stimulus, they’re looking to […].

Banks 142
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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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A transparent foreclosure marketplace reveals hidden equity

Housing Wire

Over the past five years, more than $1.2 billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. That $1.2 billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender.

Equity 424

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As prices rise, Utah housing market less of a bargain

Housing Wire

As movers flock to secondary cities in search of more land for less cash, the Utah housing market – land of ski slopes and mountain trails – has become a popular destination, especially for those leaving California. The town of Logan, which has 50,000 residents and sits about 90 minutes north of Salt Lake City, is just one example of red-hot demand in the Beehive state. “I think I’ve worked with more out-of-state buyers in the past 12 months than actual Utah residents,” said Ca

Marketing 414
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Avoid These 6 Mistakes When Upsizing to a New Home

Realtor.com

Getty Images Tired of having your already cramped bedroom do double duty as a home office and at-home gym? It might be time to upsize. But while getting more space may seem enticing, upsizing can hold pitfalls for unwary home buyers. “It is important to be aware of these mistakes because upsizing can be expensive, but if you plan it well, do your research, and shop around, it doesn’t have to be,” says Lior Rachmany , founder and CEO of Dumbo Moving and Storage in New York.

Finance 132
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Taking the leap: The benefits of buying vs. renting a home

Housing Wire

Homeownership has long been considered a piece of the “American Dream.” But for multitudes of renters out there who are nearing the end of their leases, taking the leap into buying their first home may seem like a daunting challenge to conquer. Or maybe they weigh the responsibility as not worth the reward. . Whatever reasons may be holding you back, it’s important to understand the benefits of owning vs. renting a home.

Equity 404
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The NAR’s top 10 places for millennials to move to (a 2020 reflection)

The American Genius for Real Estate

(REAL ESTATE BIG DATA) If you're a millennial, and wondering where you should move that can get you ahead even during this pandemic, here's the top 10 cities for millennials. The post The NAR’s top 10 places for millennials to move to (a 2020 reflection) appeared first on The American Genius Real Estate.

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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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Mortgage Tech Demo Day: Sourcepoint

Housing Wire

Title Closing COBOT. Mortgage automation solution for title closing that is pre-built and tested and quick to deploy. Product Fast Facts. #1. Pre-built and tested mortgage title closing automation solution. #2. Quick to deploy on any application or software being used for title closing. #3. Can be customized and delivered on premises or at a vendor location with relatively limited resources.

Mortgages 370
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Keller Williams partners with LGBTQ+ Real Estate Alliance

Realty Biz

Keller Williams (KW), the world’s largest real estate technology franchise by agent count and the U.S. leader in units and sales volume, is the latest leading real estate brand to partner with the new LGBTQ+ Real Estate Alliance. Earlier today, Jason Abrams, head of industry, Keller Williams, made the announcement to the brand’s renowned KW Rainbow Network.

Branding 113
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Mortgage rates drop slightly to 3.13%

Housing Wire

The average U.S. mortgage rate dropped five basis points last week to 3.13%, according to Freddie Mac’s Primary Mortgage Market Survey. It’s the first decline in mortgage rates in two months. Sam Khater, Freddie Mac’s chief economist, pointed to a modest decline in treasury yields as the leading factor behind last week’s drop.

Mortgages 403
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Dinner Party Lands in Vacated Pequeña Space in Fort Greene

Brownstoner

A new restaurant is poised to take over a space from a beloved pandemic casualty in Fort Greene A note posted on the front door at 86 South Portland Avenue says that the new restaurant will be called Dinner Party, and the owner and head chef’s name is Cami Jetta, who… Read More > The post Dinner Party Lands in Vacated Pequeña Space in Fort Greene appeared first on Brownstoner.

Land 111
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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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JPMorgan Chase adds exec to correspondent team

Housing Wire

JPMorgan Chase has appointed Bhavesh Patel to lead client management for the bank’s correspondent lending channel. As director of client management, Patel will focus on improving the client experience and driving future growth for the business, which is growing at a faster rate than the bank’s more traditional retail arm. He will report to Terry Lindsey, head of correspondent lending for Chase, and is based in Houston, the bank said Thursday.

Lending 401
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These Are the Best Cities for First-Time Home Buyers in 2021

Realtor.com

Getty Images With home prices rising just about everywhere , first-time buyers are set to enter one of the most competitive markets imaginable this spring. Across the country, homes are selling within days and after multiple offers, pricing out buyers of all ages—especially millennials , who’ve made up the majority of first-timers for the past few years.

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Mortgage Tech Demo Day: First American Docutech

Housing Wire

Solex® eClosing. Trusted by the nation’s leading lenders, Solex eClosing has enabled over 350,000 digital loan closings. Providing borrowers the contactless closing they seek, this solution has delivered on the promise of digitization streamlining complex, paper-intensive processes and optimizing operations. Faster closings and reduced costs per loan, Solex eClosing does it all.

Mortgages 373
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Getting Reviews for Your Real Estate Business

RIS Media

As a real estate agent, you have several important tools in your arsenal. But there is one in particular that you should focus on: reviews. Most real estate agents generate their business from either someone they have previously worked with or by searching for local agents online. Having your positive reviews online places you as a contender for online home-seekers’ business.

Agents 106
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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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The housing boom juices Home Depot’s bottom line

Housing Wire

Millions of Americans transitioned to remote work in 2020, reconfiguring homes to be makeshift classrooms and offices. One of the big beneficiaries of the new live/work/play setup has been home goods retailer Home Depot. A recent report from TradingPlatforms noted that Home Depot’s net sales increased by over $20 billion in 2020 to $132 billion at year’s end – nearly a 20% increase year-over-year.

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Jean-Michel Basquiat’s 1982 Masterwork Versus Medici Will Star in Sotheby’s May Sale

Sotheby's International Real Estate

An extraordinary work executed in 1982, when the artist was just 22 years old, Jean-Michel Basquiat’s Versus Medici will star in the Sotheby’s Contemporary Art Evening Auction in New York on 12 May, where it will be offered with an estimate of $35–50 million. ?. Versus Medici is among Basquiat’s most forceful visual challenges to the Western art establishment, in which the young artist boldly crowns himself successor to the artistic throne as established by the masters of the Italian Renai

Sales 104
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Mortgage Tech Demo Day: eOriginal

Housing Wire

ClosingCenter. ClosingCenter is a complete eClosing solution for lenders, borrowers and settlement agents. ClosingCenter delivers a simple, efficient and secure eClosing process – from pre-closing to secondary market delivery. ClosingCenter includes: Pre-Close: Secure access to eligible closing package documents for review and eSignature execution. eClosing Room: Intuitive settlement agent software enabling execution of eClosings and instant eNote vaulting. eAsset Management for Mortgage: Truste

Mortgages 269
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Top 10 Coldwell Banker Stories of the Month – March 2021

Coldwell Banker

Extra, extra! Read the top 10 news items that ran in March about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – March 2021 appeared first on Coldwell Banker Blue Matter.

Agents 102
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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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Mortgage Tech Demo Day: FundingShield

Housing Wire

Guardian Service. Transaction level certification that leverages live source data to confirm documents are valid, compliant closing agents, insurance coverage and wire accounts are verified on every transaction with $2-$5mm per transaction coverage. Clients exceed risk and compliance requirements while freeing up time for back office and closing teams reducing operating costs.

Mortgages 157
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Local Bakeries To Try: Northern Palm Beach County

Waterfront Properties

Palm Beach County is home to many indoor and outdoor activities, luxury hotels and spas, great shopping, numerous water sport activities, and many award-winning restaurants. When it comes to local bakeries, the area is no different. Scattered throughout northern Palm Beach County has many great local bakeries to choose from for the next big occasion, birthday, or just wanting something sweet to eat.

Marketing 102
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Home Sellers Capitalizing On All-Time High Prices

Lighter Side of Real Estate

If you’re looking to get the highest price possible for your house when you sell, now may be the best time ever for you to capitalize on market conditions. According to recent data from realtor.com , the median home listing price in the United States hit $370,000 this March. That’s a 15.6 percent increase from March 2020—and the highest median home listing price on record since realtor.com started tracking prices in 2012.

Marketing 103
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Embracing Technology to Meet the Demands of Today’s Challenges

RIS Media

Propertybase Drives Business Forward for Boutique New York Real Estate Brokerage. Coming from a background in the arts, having been an actress in New York, Teresa Stephenson decided to transition into real estate about a decade ago. Her first job was as an agent for Platinum Properties in New York, and she’s been there ever since. Four years into the job, she began overseeing residential sales before adding residential leasing and commercial to the mix.

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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.