Wed.Sep 15, 2021

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The purchase mortgage market continues to pick up steam

Housing Wire

Mortgage loan application volume rebounded from the week prior, increasing by 0.3% for the week ending Sept. 10, according to the Mortgage Bankers Association’s weekly report. The increase in application volume was predominantly driven by purchase mortgage activity , which grew by 8% from the week prior , the trade group said. . Not surprisingly, the refi index has continued to slip, dipping 3% from the previous week, the MBA noted.

Mortgages 464
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5 Tips for Making Your Best Offer

Keeping Current Matters

In today’s sellers’ market , standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams. Below are five things to keep in mind when it’s time to make an offer. 1.

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Rocket Mortgage’s Rachel Robinson to speak at HW Annual

Housing Wire

As the housing economy becomes increasingly digital, appraisal modernization may hold the key to not only providing a better experience for borrowers and lenders but also reducing potential appraisal bias. That’s why HousingWire invited Rachel Robinson, director, collateral policy and product development at Rocket Mortgage , to HW Annual to discuss how technology can play an important role in the appraisal process and help eliminate discriminatory practices. .

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Mortgage Refinancing Activity Tapers in Latest Month

Eye on Housing

The last four weeks’ mortgage purchasing and refinancing activities, as reflected in the Mortgage Bankers Association’s (MBA) latest weekly application surveys, shows a general withdrawal of refinancing and a very slight increase in purchasing from the prior month. The 30-year fixed-rate mortgage rate hovered 3 basis points above 3 percent, consistently, for the last three weeks.

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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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FHFA proposes changes to GSE capital rule

Housing Wire

The FHFA proposed a rule on Wednesday to amend the Enterprise Regulatory Capital Framework (ERCF) for the GSEs that would refine the leverage buffer and the risk-based capital treatment for CRT transactions. However, far from reopening the whole discussion on the ERCF, the new rule proposes three specific amendments based on comments the FHFA received last year.

Investor 375

More Trending

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Publicizing The Listing Agent

BubbleInfo

The old rule was that any agent could advertise any MLS listing via the IDX, as long as the listing agent’s name and brokerage was displayed. But now you have to include their contact information too. He sounds confident because this is clearly a shot at Zillow but the unintended consequences from directing the consumer […].

Agents 105
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Video of the Week: Take a Virtual Tour of a Sprawling Mountain Home in Park City, Utah

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??. Park City, Utah | Michael LaPay & Rachel Taylor Retzer, Summit Sotheby’s International Realty . This home is perfectly situated on its own 3.2 acres overlooking 25 acres of ponds, open space, a year-round stream and panoramic ski run views.

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Successful Auctions

BubbleInfo

Nicolas Berggruen, a real estate investor who earned the moniker “homeless billionaire” through his jet-setting lifestyle and lack of a permanent address, just shelled out $63.1 million for the Hearst estate in Beverly Hills, winning the prized property in a bankruptcy auction that was more competitive than some expected. The co-founder of the Berggruen Institute […].

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3 Ways to Improve Your Authenticity on Social Media

RIS Media

Being authentic on social media can seem like a marketing buzzword, but it must be essential to every agent’s online presence. Showing people you’re a relatable and genuine professional can go a long way toward branding yourselves as an agent worth hiring. From building relationships with buyers and allowing folks to connect with your brand genuinely, a brand that leans into its unique traits and human side can turn prospective onlookers into loyal customers in no time.

Branding 102
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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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Newly Digitized Negatives Give a Glimpse of Mid-Century Life Around Pratt Institute

Brownstoner

There is still a bit of mystery surrounding the thousands of photographs, but after a major digitization project, an intriguing collection of 20th century images documenting the people and buildings of Pratt Institute and its environs are available to eager researchers and Brooklyn history enthusiasts. Taken between 1957 and 1973… Read More > The post Newly Digitized Negatives Give a Glimpse of Mid-Century Life Around Pratt Institute appeared first on Brownstoner.

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Under Contract in Less Than a Week, Matt Tilley of First Team Sells Hermosa Beach Walk Street Home for $4 Million

First Team Real Estate

HERMOSA BEACH, CA – Closing sale on 20 4th St, Hermosa Beach for $4,021,875 in just one month, Matt Tilley wasted no time capturing top dollar for his client with a thorough preparation plan and comprehensive marketing strategy to match. Known throughout the local market as The British Bloke, Tilley’s keen marketing expertise and in-depth understanding of Southern California’s coastal luxury markets consistently place him among the top agents within the First Team Long Beach office and the entir

Design 97
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Science at Loxahatchee River Center - Jupiter

Waterfront Properties

The Loxahatchee River Center, located at 805 N. U.S. Highway One in Jupiter presents “Science with Sam”. The program is on select Wednesdays from 4:00 pm – 5:00 pm. Join the Loxahatchee River Center Scientist Sam for different science activities for our Kindergarten through 5th grade aged children. Activities will include garden exploration and hand-on opportunities with wildlife.

As-is 96
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Mortgage Applications Reach Highest Level Since April

RIS Media

Mortgage applications increased 0.3% from the previous week, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) for the week ending Sept. 10, 2021. This week’s results include an adjustment for the Labor Day holiday. Key details: – Market Composite Index increased 0.3% on a seasonally adjusted basis from the previous week. – Unadjusted, the index decreased 10% compared with the previous week. – The Refinance Index decre

Mortgages 109
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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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Daily Links: MTA Completes Installation of Cameras at Every Subway Station

Brownstoner

In the News 11 Deaths Put Focus on NYC's Failure to Make Basement Apartments Safe [NYT] A Climate Opera Arrives in Brooklyn, With 21 Tons of Sand [NYT] Council Moves to Approve Prospect Heights Tower Despite Local Rejection [BP] Brooklyn's Chinatown Rallies Against Plan for One-Way Streets [Eagle]. Where to Get A COVID Test… Read More > The post Daily Links: MTA Completes Installation of Cameras at Every Subway Station appeared first on Brownstoner.

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The Hidden Costs Many First-Time Homebuyers Have Never Heard Of

Realtor.com

Nearly half of homeowners, 44%, report they weren't aware of the costs associated with buying a home, according to a Realtor.com survey in July. The post The Hidden Costs Many First-Time Homebuyers Have Never Heard Of appeared first on Real Estate News & Insights | realtor.com®.

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Coldwell Banker Partners With Supreme Auctions

RIS Media

Coldwell Banker Real Estate LLC has partnered the Coldwell Banker Global Luxury® program with Supreme Auctions®, a luxury real estate auction brand. In selecting and partnering with Supreme Auctions®, the Coldwell Banker® brand has provided an alternative and effective platform for its Global Luxury Property Specialists to offer to their customers and clients in the buying and selling of their luxury properties.

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Canadian Real Estate Sales Continue To Spiral Lower, Fewest In Over A Year

Better Dwelling

Canadian real estate saw the fewest home sales in over a year, as the market continues to cool. Canadian Real Estate Association (CREA) data shows existing-home sales fell in August. Despite falling, the month printed the second biggest number ever. Sales are also still much higher than normal. That said, it was a very sharp […]. The post Canadian Real Estate Sales Continue To Spiral Lower, Fewest In Over A Year appeared first on Better Dwelling.

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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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Reasons to Sell Your House As-Is

RISMedia

By Kara Masterson If you are thinking about selling your home, you may only see headaches ahead. You may face a long list of improvements you'll need to make before your house can even go on the market. Related: 6 Essential Tips for Selling a House As-Is Before you take out a home equity loan […]. The post Reasons to Sell Your House As-Is appeared first on RISMedia's Housecall.

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Rapid home equity growth calms foreclosure crisis fears

Realty Biz

As government backed foreclosure moratoriums edge closer to expiration, the number of borrowers who’re still under some kind of bailout program is declining fast. But the future is not as bleak as some may have feared for those who’re still in trouble. Data from Black Knight shows there were 1.618 million American borrowers still in some kind of forbearance program as of July 2021, down 5% from the month before and far below the peak of around five million back in May 2020.

Equity 84
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Mortgage and refinance rates today, Sept. 15, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. And the last time they rose was a week earlier. All this is fantastic news, given how low these […].

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Brownstone Boys: How We Gave Our Own DIY Spin to Vintage Doors

Brownstoner

Editor’s note: Welcome to the Brownstone Boys Reno, a reader renovation diary about renovating a brownstone in Bed Stuy. See the first one here. They also blog at www.thebrownstoneboys.com. Our favorite room in our home is our vintage inspired guest bathroom, and more specifically, our favorite feature in it is the… Read More > The post Brownstone Boys: How We Gave Our Own DIY Spin to Vintage Doors appeared first on Brownstoner.

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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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Should I use my builder’s preferred lender? Pros and cons

The Mortgage Report

If you're buying a new construction home, the builder may have a preferred mortgage lender. Should you work with this company? Here are the pros and cons.

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HUD Provides Access to $5B in American Rescue Plan to Address Homelessness Crisis

RIS Media

The U.S. Department of Housing and Urban Development (HUD) issued the HOME-ARP Implementing CPD Notice, Requirements for the Use of Funds in the HOME-American Rescue Plan Program. The new HOME-ARP notice is a critical step taken by HUD to expeditiously allow communities to begin accessing funds from the nearly $5 billion funds allocated from the American Rescue Plan to help communities across the country create affordable housing and services for people experiencing or at risk of experiencing ho

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Off-Kilter in Vermont: $195K Tilted Home Sells in Just a Few Days

Realtor.com

A rural Vermont home stands apart—and the fact that it's standing is a feat of engineering. Far from cookie-cutter, this tilted home is simply terrific. The post Off-Kilter in Vermont: $195K Tilted Home Sells in Just a Few Days appeared first on Real Estate News & Insights | realtor.com®.

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FHFA: Certain Portions of 2021 PSPAs Being Suspended

RIS Media

The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury suspended certain provisions added to the Preferred Stock Purchase Agreements (PSPAs) with Fannie Mae and Freddie Mac on Jan. 14, 2021. “This suspension will provide FHFA time to review the extent to which these requirements are redundant or inconsistent with existing FHFA standards, policies and directives that mandate sustainable lending standards,” said FHFA Acting Director Sandra L.

Lending 102
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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.