Wed.Nov 18, 2020

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Mortgage applications see slight decrease, despite purchase gain

Housing Wire

Mortgage applications decreased 0.3% last week, following a 0.5% drop from the beginning of November , according to a report from the Mortgage Bankers Association. . The refinance index dropped 2%, while the unadjusted purchase index fell 1% from the previous week. The seasonally adjusted purchase index climbed 3%. The refinance and purchase indexes still dwarf last year’s totals from the same week, though – 98% and 26% year-over-year, respectively.

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Chances of Another Foreclosure Crisis? “About Zero Percent.”

Keeping Current Matters

There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During the housing crash of 2006-2008, many felt homeowners should be forced to pay their mortgages despite the economic hardships they were experiencing.

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Title technology is critical for digital mortgage success

Housing Wire

At the Notarize Rewired event Wednesday on the panel, Home Buying After COVID, four experts talked about some of the largest pain points in the title industry. When asked if they could change one thing, or “wave a magic wand,” about the housing industry’s journey toward digital mortgage adoption, the panelists were clear: integration. The trend toward a fully digital mortgage continues to grow.

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8 Hidden Problems in the Bedroom You Might Not Spot in a Home Video Tour

Realtor.com

Feverpitched Video tours have quickly become the norm in the COVID-19 era as a safe way to get a closer look at the house you want to see in person. And while no doubt the kitchen and living room are high on your list to check out, the bedroom deserves more than a passing glance. After all, a bedroom isn’t just a place to catch some zzz’s; it’s also a place that can function as a retreat or a quiet workspace.

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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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The 10 most popular cities for out-of-town homebuyers

Housing Wire

Out-of-town moves are on the rise, and it’s largely thanks to the pandemic. Some homebuyers are looking to move closer to friends and family, while others are simply on the hunt for more space and a break from cramped urban cores. . There are also changing work arrangements to consider. With remote work growing in popularity, proximity to the office is no longer a priority.

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Are borrower-assisted inspections here to stay?

Housing Wire

HousingWire recently spoke with CoreLogic’s Chief Appraiser Shawn Telford about re-examining traditional appraisal workflows in light of the changes brought on by COVID-19. HousingWire: What changes have appraisers had to make to their workflows in light of social distancing and other COVID-related concerns? Shawn Telford: What has changed in many cases is how lenders are asking appraisers to form opinions of value.

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Single-Family Built-for-Rent Construction Expands

Eye on Housing

The number of single-family homes built-for-rent (SFBFR) posted a year-over-year increase for the third quarter of 2020. The SFBFR market is a way to add single-family inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period of when people want more space and single-family structures.

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Still Working From Home? 5 Lighting Mistakes To Fix Now for a Brighter Outlook

Realtor.com

borchee/Getty Images Most people don’t give much thought to lighting their home. Sure, you may purchase a trendy table lamp or tall torchiere to illuminate a space and that’s about it. But interior lighting can affect the mood of your entire living space—and now that so many of us are spending more time at home, there’s never been a better time to reconsider your lighting choices.

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2020 Updated Tips for Beginner Real Estate Investors

Realty Biz

If investing was a straightforward task, the world markets would be flooded with countless Warren Buffets making their mark every day. One of the most sensationalized investment avenues in our time is real estate but do not be fooled; it just ain’t for everyone! Real estate is an investment niche in which those who excel in it have extensive know-how and heavily rely on concrete data to guide their investment choices.

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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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How to Stand Out from the Competition When Selling Luxury Realty

Jason Fox

How to Stand Out from the Competition When Selling Luxury Realty. There’s a lot that goes into selling property. And when those properties are worth millions, there’s even more to it. The luxury real estate market is much smaller than the lower-income sector, and clients looking to invest are going to expect an agent that offers a particular level of service.

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Take a Spin Through Reese Witherspoon’s Real Estate History

Realtor.com

Stefanie Keenan/Getty Images Reese Witherspoon , star of “Legally Blonde,” recently sold her Malibu, CA, farm for $6.7 million, Variety reported. But beyond the shores of Malibu, the Academy Award-winning actress is also used to winning in her real estate dealings. With one notable exception. The producer and star of the Hulu hit “Little Fires Everywhere” seems to have homes everywhere.

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Yun Addresses Current and Future Housing Market Trends at NAR’s Residential Economic Issues and Trends Forum

RIS Media

While much has been negatively affected due to the ongoing coronavirus pandemic, there’s one segment of the economy that has continued to thrive despite the surrounding challenges: the housing market. During the “Residential Economic Issues & Trends” forum, held during the National Association of REALTORS’® virtual 2020 Conference & Expo , Chief Economist Lawrence Yun stated the housing industry has exceeded expectations for 2020.

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A Surplus of Square Footage: The 10 Biggest Homes To Hit the Market This Week

Realtor.com

realtor.com While most of us live in homes with square footage hovering in the low four digits, there are a few homeowners who live much larger—in every sense of the word. And with a need for space to spread out at the top of most home shopper’s minds, we present the 10 biggest homes to land on the market this week. A couple of these hulking homes tip the scales at over 30,000 square feet—and the smallest of the bunch measures in at a not-at-all-petite 17,000.

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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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What You Need to Know About Inventory in the 2021 Real Estate Market

RIS Media

If you’ve been checking up on the latest real estate news, you’ve probably seen quite a few reports saying that housing inventory is low at the moment. Understandably, this can be unsettling for agents seeking out a new listing or helping a current buyer find their dream home at a reasonable price. However, with 80 million households in this country, the fact of the matter is that there’s no shortage of housing inventory.

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Pandemic creates strong demand for multigenerational homes

Realty Biz

With the pandemic showing no signs of abating, home buyers are increasingly searching for properties that can accommodate their older family members. Buyers say they want to keep their aging family members out of senior living facilities, as these are at increased risk of COVID-19 due to the group setting nature of their services and facilities. As such, there is a growing demand for larger homes that can accommodate more people, the Wall Street Journal reported.

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Santa Claus Is Headed To Palm Beach County

Waterfront Properties

Starting this Saturday, the Center Court of The Gardens Mall will look a little like The North Pole. This weekend, Santa and his helper Elves are taking over the center of the mall to bring some holiday cheer. The annual visit with Santa Claus will look a little different this year. The Gardens Mall plans to let you “Whisper your wishes to Jolly Old Saint Nick” starting on Saturday, November 21st during regular mall hours.

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Build better remote bonds with team trivia, thanks to MS Teams

The American Genius for Real Estate

(TECH NEWS) The team that plays together, bonds together, or at least that is the thought behind the new Trivia for MS Teams. The post Build better remote bonds with team trivia, thanks to MS Teams appeared first on The American Genius Real Estate.

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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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Mortgage Purchase Activity Picks Up

Eye on Housing

The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending November 13, 2020, mortgage application activity decreased by 0.3% from the prior week on a seasonally adjusted basis, as indicated by its Market Composite Index. However, the Purchasing Index, increased by 3.5% from the previous week while the Refinance Index decreased by 2%.

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Mortgage and refinance rates today, November 18, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday. And conventional loans started out this morning at 3.0% (3.0% APR) for a 30-year, fixed-rate mortgage. These rates […].

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City Announces Lawsuit Against Crown Heights Landlords Over Alleged Eviction

Brownstoner

The city is suing a high-profile pair of Brooklyn landlords for an alleged attempt to evict tenants from their Crown Heights townhouse amid the state’s eviction moratorium, the Mayor’s Office to Protect Tenants announced Tuesday. The landlords, Gennaro Brooks-Church and Loretta Gendville, allegedly harassed and locked tenants out of their home… Read More > The post City Announces Lawsuit Against Crown Heights Landlords Over Alleged Eviction appeared first on Brownstoner.

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2020 Mortgage lender rankings: What borrowers can learn

The Mortgage Report

Find out who took gold in JD Power's 2020 mortgage lender satisfaction study, and learn how to choose a mortgage lender that's right for you.

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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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Cost-Effective Storage Solutions for Frugal Homeowners

Realty Biz

You’d be hard-pressed to find a modern-day home that doesn’t have its fair share of clutter. From old clothes to outdated electronics to unused furniture, there’s ample clutter to be found in virtually every residence. However, when clutter becomes excessive, it can make certain areas of one’s home feel cramped, uninviting and difficult to navigate.

Design 100
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Barton Goldsmith: Tips for Making the Holiday Special During a Difficult Time in Our Lives

RIS Media

(TNS)—Thanksgiving is my favorite holiday, and right now gratitude has never been more important. I love everything about this holiday, and this year it’s going to be so different. We will all have to get creative to feel like we are having a celebration in the middle of a crisis. Our collective well-being is very precarious right now, and we need to be careful and, together, make the effort to achieve the best possible future.

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Do Some 19th Century Virtual Biking With a Tour Through Brooklyn’s Cycling Craze

Brownstoner

The love of cycling isn't a new thing in Brooklyn; in the 1890s, the borough was a biking hot spot. A new virtual tour from the Municipal Art Society will bring you to the heart of Brooklyn's 19th century craze with rival clubs, day trippers and trick riders. Join Brownstoner columnist… Read More > The post Do Some 19th Century Virtual Biking With a Tour Through Brooklyn’s Cycling Craze appeared first on Brownstoner.

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A Homeowner’s Guide to Buying the Right Air Filters

Louisville Homes

Clean air is something that you should strive for in your home. After all, the cleaner the air, the less likely you are to get sick. In addition to keeping your HVAC running well , you want the air coming through to be healthy to breathe. To this end, buying the right air filters for your system is crucial. Making a mistake here could mean you’re throwing away money on products that don’t work and might spread more dirt than they trap.

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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.