Mon.Apr 05, 2021

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CFPB proposes foreclosure ban until 2022

Housing Wire

The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021. Under current CFPB foreclosure rules, a borrower must be 120 days delinquent before the foreclosure process can start.

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Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

Keeping Current Matters

If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund. Using data from the Internal Revenue Service (IRS), it’s estimated that Americans can expect an average refund of $2,925 when filing their taxes this year.

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Will the next job wave mean the end of forbearance?

Housing Wire

Last Friday, the Bureau of Labor Statistics reported that 916,000 jobs were created in March, and the previous month’s revisions came in positive. The rest of this content is for HW+ members. Join today with an HW+ Membership ! Already a member? log in. HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events.

Mortgages 506
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Basic requirements to buy a house: 6 must-haves for first-time buyers

The Mortgage Report

Requirements to buy a house aren't as strict as you might think. Requirements for credit, income, and down payment are lenient for first-time home buyers.

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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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Threat of climate change looms large for some home buyers

Housing Wire

Climate change and the rising threat of natural disasters is likely to significantly impact migration plans of American families, potentially changing the landscape of American real estate. Out of 2,000 people surveyed between Feb. 25 and March 1, 628 said they would move due to natural disasters, extreme temperatures, and rising sea levels in their area, according to real estate brokerage Redfin, which conducted the survey.

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How Quantitative Ease Inflates Real Estate Prices, And Why It Doesn’t Work Forever

Better Dwelling

Quantitative ease (QE) is a simple concept, but not well understood by most people. Increasingly folks tell me, “QE inflates home prices,” and “prevents prices from dropping.” The first part is true, but the evidence on the second part is a little shaky. It can help to push home prices higher during a tight market, […].

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What Is an Interest-Only Mortgage? An Affordable Home Loan, at Least at First

Realtor.com

Getty Images What is an interest-only mortgage? It’s a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. Most interest-only home loans are adjustable-rate mortgages, or ARMs , says Scott Sheldon , a senior loan officer and consumer advocate in Sonoma County, CA.

Loans 122
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Rob Thomson Delivered 500 Easter Baskets To Low Income Families

Waterfront Properties

This past weekend, a huge truck pulled up to the New Macedonia Baptist Church filled with Easter joy for 500 families waiting for the spring surprise. One by one, volunteers from Waterfront Properties carried five hundred yellow, pink and blue baskets filled with toys and chocolate candies to the children waiting with excited smiles on their faces. Jupiter Realtor Rob Thomson wanted to share one of his fondest childhood memories with families who may be struggling this year, so he collected and

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5 Pro Tips for Movers From a Realtor Who Has Helped Countless Families Make Their Next Move

Realtor.com

With an average of nearly one dozen moves during life, most Americans have a fair amount of experience packing up and settling in again. Now, imagine how many moving-related tips and tricks a Realtor® learns while watching clients move every week: We’re talking expert-level status when it comes to making a smooth transition from home to home. While helping countless clients buy and sell homes, Krista Zobel, a Realtor in Lincoln, Nebraska, has amassed a set of pro tips for moving—whether someone

Equity 112
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Inventory Watch

BubbleInfo

Did you get concerned about the pending index falling another 10% last week? The U.S. housing market is suffering from its lowest supply in history, and that is taking an increasingly hard toll on sales. Pending home sales, a measure of signed contracts on existing homes, fell a wider-than-expected 10.6% in February compared with January, […].

Sales 105
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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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Bohemian Rhapsody: Layered With History, a Prospect Heights Brownstone Embraces Color

Brownstoner

A framed photograph of a high-spirited Victorian couple in a donkey cart on holiday hangs in the front hall of Cara Silverman’s Prospect Heights brownstone. The sepia-toned image, found in the house when Silverman bought it, may well be of early homeowners. They might be surprised to recognize their brass… Read More > The post Bohemian Rhapsody: Layered With History, a Prospect Heights Brownstone Embraces Color appeared first on Brownstoner.

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Zestimates During Frenzy

BubbleInfo

Today: This isn’t the type of environment that you should put much stock in your latest zestimate. A month ago, on March 3rd, the zestimate was $1,336,035. Today, on April 4th, it is $1,723,510. Zillow wants you believe that their zestimates are within 1.9% of being right. But if you would have sold this home […].

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Real Estate Comps: How to Find Comparables in House Sales

Maximum Exposure Real Estate

Understanding “Comps” When Selling a Home Have you heard a real estate agent talking about “comps” or “comparables” and wondered what the heck it means? Comparables or comps are the terms used for similar homes that have recently sold to help find the best listing price when selling properties. The listing price should encourage buyer […].

Sales 98
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Show Off Your Rides! Car Collector’s Dream House Has Glass Showroom

Realtor.com

Steven Wallace Media A Pennsylvania home with a huge glass showroom designed to show off an auto collection has revved onto the market for $1.75 million. The house on Cherry Street in Spring Brook Township, PA, was built in 2010 and comes with a surprising feature. “The glass garage is something that I haven’t seen in another home,” says the listing agent, Heather Kishel-Schield.

Land 97
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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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Making the Most of Your Basement With Creative Floor Plans

RISMedia

By Lizzie Weakley Many homeowners don't fully utilize their basements; some even ignore their basement altogether. Rather than being wasted space, a basement can be great for storage, working areas and recreation. Here are four ideas for making the most of your basement by changing up the floor plan: Make a Secluded Office Space Thanks […]. The post Making the Most of Your Basement With Creative Floor Plans appeared first on RISMedia's Housecall.

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10 Best Bedroom Improvement Projects Based on How Much Time You Have

Realtor.com

Getty Images Your bedroom should be a sanctuary of relaxation, whether you’re staging your home to sell, or planning on staying put. But it’s also one of the trickiest rooms to spruce up. Since you probably store most of your clothing and personal items in your bedroom, it can become a cluttered mess in the blink of an eye. Because it’s not seen by many people (hosted any dinner parties in there lately?

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Interesting Facts About The Month of April

Waterfront Properties

April is known for its beautiful spring weather and the start of the warmer summer weather for most. Luckily for us living in South Florida, April is just another beautiful month filled with warm temperatures and sunshine. April is the fourth month of the Gregorian calendar, but that was not always the case. During the Julian Calendar, April was the fifth month and had 29 days prior to being part of the Julian Calendar.

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Axel Hedman-Designed Crown Heights Brownstone With Pier Mirrors, Mantels Asks $1.65 Million

Brownstoner

It might be in need of a bit of a polish, but this Crown Heights row house offers up some eye-catching period details like fretwork, wainscoting, built-ins and mantels. Designed by Brooklyn's Axel Hedman, the house at 939 Sterling Place in the Crown Heights North Historic District is one of… Read More > The post Axel Hedman-Designed Crown Heights Brownstone With Pier Mirrors, Mantels Asks $1.65 Million appeared first on Brownstoner.

Design 89
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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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After 3 Cross-Country Moves for the Military, Here’s Why This Family Loves DIY Moving

Realtor.com

Moving across the country can feel like a leap into the unknown. As you say goodbye to what’s familiar and prepare for new experiences, don’t overlook one of the most exciting stages of the process: the move itself. After undertaking three cross-country moves for the Army, Tiffany and Brandon Williams have come to appreciate the opportunity to make memories while en route from one home to the next — especially when they get to do it with a yellow Penske Truck Rental.

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Twilight Yoga At The Light This April

Waterfront Properties

This April, the Jupiter Inlet Lighthouse and Museum is hosting their reoccurring Twilight Yoga at the Light event. On Monday nights, head to the lighthouse and enjoy the peace and serenity of yoga while enjoying the sunset views. The outdoor yoga class is taught by Mary Veal on the Lighthouse Deck. All levels of yoga are welcomed and encouraged to attend.

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5 Tragic Design Fails Committed by Designers—in Their Own Homes

Realtor.com

Eoneren / Getty Images Think all home designers must have the most perfect dwellings imaginable? While it’s true that they’ve been trained to choose the right colors, fixtures, and furniture to make a space look amazing, they do make mistakes—even in their own homes. “Designers often learn from their own mistakes, and our homes typically serve as personal laboratories where we experiment with new ideas,” explains Ana Cummings of the eponymous design firm.

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A Video on Future of Brokerage White Paper

Notorious ROB

Hey everybody – just a very quick little post on something I’m trying out. This is a video I made today because I got a bunch of questions about brokerage models and such from recent presentations I’ve been giving. I thought perhaps it might be of some use to some of you, especially those who. Read more. The post A Video on Future of Brokerage White Paper appeared first on NotoriousROB.

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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 and refinance rates today, April 5, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates held steady last Friday. That wasn’t a surprise. Most markets were closed and bond markets were open only for a few morning […].

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La Jolla’s Famous Sundial House Rises on the Market Once Again

Realtor.com

realtor.com The one-of-a-kind modern mansion known as the Sundial has returned to shine on the San Diego -area real estate market, now with an adjusted price of $6.9 million. Sundial is considered a residential landmark in the tony town of La Jolla. It was designed by and for the world-renowned architect Chong Wan “C.W.” Kim , as his personal residence.

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Farmland is becoming a hot commodity as prices boom

Realty Biz

Farmland prices are growing rapidly across the Midwest region due to a combination of strong recent growth in grain markets and low interest rates. Now, prices of agricultural land in the region are rising even faster than they were during the previous farmland boom around a decade ago, the Wall Street Journal reported. Farmland prices in states such as Illinois, Indiana, Iowa, Michigan, and Wisconsin grew by an average of 6% during 2020 amid a jump in grain prices that helped to increase revenu

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‘Home Town’ Reveals 5 Tiny Upgrades That Totally Overhaul a House

Realtor.com

HGTV “Home Town” stars Ben and Erin Napier are known for making old homes look new without blowing their budget. And in the latest episode, they prove that even the tiniest tweaks can make a huge difference. In the Season 5 episode “Thanks for the Memories,” Erin and Ben meet up with Laurel, MS, locals Robby and Angie Scruggs. After raising two kids, these soon-to-be empty nesters want to fix up their family home for the next chapter of their lives.

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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.

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Realty ONE Group Reports Franchise Growth

RIS Media

Realty ONE Group was recently named one of real estate’s fastest-growing franchisors, according to its first quarter 2021 initiatives, sales and recruiting numbers. The UNBrokerage, as it’s known in real estate sold a record 86 franchises in 2020, despite the pandemic, and 25 offices already in the first three months of this year. “We’re ONE of the most ambitious companies in the industry and we’re celebrating 16 years of sharing our COOLTURE, brand and unique busin

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Christina Haack Is Now Dumping Her House: A Postdivorce Real Estate Sale, Explained

Realtor.com

Amanda Edwards / Stringer / Getty Images Christina Haack is moving on—not only from her second husband, Ant Anstead , but from the house they lived in together. Last September, you may recall that the star of “Christina on the Coast” announced her divorce from Anstead after a mere 21 months of marriage. And now, reports have surfaced that she’s also ditching the Newport Beach mansion they resided in and renovated together.

Sales 66
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Taking on Goliath: How to Succeed as a Boutique Brokerage

RIS Media

Can a small, independent broker or team compete with the big brands? Absolutely! No matter your size, each of us has something unique, different and oftentimes better. Our collective goal is to provide amazing client experiences and put our customers in a position to be the best-informed party in the transaction. However, bigger brokerages use their name and reputation to create growth and add marketshare, so it may seem impossible to compete with them.

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Jesse Tyler Ferguson Selling Stylish Los Feliz House for $7M

Realtor.com

Jeff Kravitz/FilmMagic Jesse Tyler Ferguson , of “Modern Family,” is letting go of his Los Feliz digs. He and his husband, Justin Mikita , have listed the appealing abode for $6,995,000, Architectural Digest reported. The two bought the 1920s Spanish-style spread in 2013 for $4.55 million. Past celebrity owners reportedly include the “Twilight” star Robert Pattinson.

Design 66
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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.