Thu.Sep 16, 2021

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Mortgage rates still flat at 2.86%

Housing Wire

The average 30-year-fixed mortgage continued to hover around the 2.86% mark for the week ending Sept. 16, according to Freddie Mac ‘s latest PMMS survey. Mortgage rates have been around that mark for roughly two months, leading economists at Freddie Mac to liken it to “Groundhog Day.” “The holding pattern in rates reflects the markets’ view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases,” said Sam Khater, Freddie Mac’s chief econom

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Is the Number of Homes for Sale Finally Growing?

Keeping Current Matters

An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the homes that are available.

Sales 266
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What’s behind the sharp decline in mortgage delinquencies?

Housing Wire

As the summer comes to an end, several issues are top of mind for everyone: the impact of the Delta variant, the debate over when the Federal Reserve will taper its asset purchases, the situation in Afghanistan, and the federal debt limit and budget debate. When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners.

Mortgages 477
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Farm to Table at Home | 5 Properties With Garden Plots

Sotheby's International Real Estate

There’s a keen satisfaction that comes from tending to one’s own garden or orchard, and with an increased interest in self-sustainability as of late, it’s no wonder homeowners are turning to their own garden plots for dining inspiration. From vegetable gardens to orchards and olive groves, there’s little else quite like harvesting a bounty from your own property. .

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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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Student loan debt delays homebuying timeline

Housing Wire

Over half of non-homeowning millennials (60%) say student loan debt is delaying them from purchasing a home, making them the population most affected by student debt , according to the National Association of Realtors’ 2021 impact of student loan debt report. By comparison, only 53% of Gen Xers, 37% of Baby Boomers and 39% of Gen Zers felt this way, according to the study.

Loans 393

More Trending

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Study: Real estate firms thrive on repeat and referral business

Housing Wire

Referrals from past and repeat customers still generated the greatest number of inquiries for real estate firms in 2020 with 30% of brokerage business coming from this source, the same amount as in 2018, when the survey was last completed. On the flip side, interest generated from traditional open houses declined from 2018, according to the National Association of Realtors ’ 2021 Profile of Real Estate Firms.

Brokerage 402
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The Best Week to Buy a Home Is Right Around the Corner

Lighter Side of Real Estate

With low inventory, high competition, and high prices, the summer has been a tough time to buy a home. But, the good news for buyers is that it looks like that’s about to change, and early October is poised to be a much better time to find and buy a property. According to a recent article from realtor.com , the best week to buy a home in 2021 is right around the corner—the first full week of October, October 3rd through the 9th.

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HW+ Member Spotlight: Kris Kully

Housing Wire

Kris Kully, Partner at Mayer Brown. We’re excited to kick off our weekly HW+ member spotlight! For the first HW+ spotlight, we’re featuring Kris Kully, a partner at Mayer Brown. Kully previously worked at the Department of Housing and Urban Development as a senior attorney, in the legal division at Fannie Mae and as a partner at K&L Gates.

Finance 380
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Showings Are Down

BubbleInfo

Home buyers don’t have much – if any – control over the process, which leads to frustration and disappointment. They don’t have any way to cause more homes to list for sale, and the only way to eliminate the competition is to out-bid them, which can be even more harrowing. One solution is for buyers […].

Sales 116
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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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Canadian New Housing Starts Slow, But A Supply Tsunami Is Still Coming

Better Dwelling

Canadian new housing supply is slowing, but no need to worry about a lack of inventory coming to market. Canada Mortgage and Housing Corporation (CMHC) data show new housing starts slipped lower in August. It might be premature to worry they might be falling too low though. Starts are significantly higher than usual, and not […]. The post Canadian New Housing Starts Slow, But A Supply Tsunami Is Still Coming appeared first on Better Dwelling.

Mortgages 110
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Texas cash-out refinance guide: 2021 Rules and requirements

The Mortgage Report

Cash-out refinance rules in Texas are a little different from the rest of the country. Learn about current Texas cash-out refi requirements and guidelines.

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Harvey Vargas of First Team Helps Multiple Clients Buy and Sell to Cash in On North Tustin CA Hot Luxury Market

First Team Real Estate

NORTH TUSTIN CA – Thanks to his high-quality approach, relentless work ethic, and the support of First Team Real Estate, Harvey Vargas has closed a total of $13,342,200 in just 3 months with the company. Closing sale on two stunning luxury homes in North Tustin CA in less than two months this summer, top real estate Harvey is helping homeowners take advantage of this year’s white-hot market across Southern California.

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Canadian Real Estate Prices See Further Slowing, As Demand Falls Faster Than Supply

Better Dwelling

Canada’s red hot real estate market continued to cool, according to new numbers from the industry. Canadian Real Estate Association (CREA) data shows the seasonally adjusted sales to new listings ratio (SNLR) fell in August. The relative measure of demand is one of the core indicators used to determine how tight the market is. Since […].

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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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Chic Tex-Mex Restaurant coming to Palm Beach Gardens

Waterfront Properties

The upscale Tex-Mex restaurant, Cactus Grille and Tequila Bar is coming to the boundary line between Palm Beach Gardens and Jupiter. The eatery will take over the former Burger Bar space at the Donald Ross Village Plaza. Cactus Grille and Tequila Bar has roots in Rhode Island. Cactus Grille and Tequila Bar is expected to open this fall, October 2021.

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Why You Need a Realtor When Buying a Rental Property

Louisville Homes

The vast majority of people will use a real estate agent when selling their homes. Most will also use an agent when buying a house, especially first-time homebuyers. It can be critically important to use a Realtor when building a house. But what about when buying a rental property? What are the most important things to look for when buying a rental property?

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Lower rates coming for investment properties, second homes

The Mortgage Report

Investment property and second home loans should be getting cheaper, as the FHFA has paused a rule that was increasing rates and fees.

Loans 113
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Despite Sky-High Prices, Today’s Homebuyers Aren’t Paying More Than They Can Afford

Realtor.com

Even with sky-high and still-rising prices, homebuyers aren't overextending themselves like in the runup to the housing bust in the mid-2000s. The post Despite Sky-High Prices, Today’s Homebuyers Aren’t Paying More Than They Can Afford appeared first on Real Estate News & Insights | realtor.com®.

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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 and refinance rates today, Sept. 16, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. So they remain extraordinarily low. It’s looking as if mortgage rates today may nudge upward. This morning’s retail sales […].

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A Shocking Peek Behind the Scenes at How Companies Pick the Colors of the Year

Realtor.com

We interviewed leading paint and color forecasting companies to shed light on how Colors of the Year are selected from among thousands of options. The post A Shocking Peek Behind the Scenes at How Companies Pick the Colors of the Year appeared first on Real Estate News & Insights | realtor.com®.

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Citing Alterations, LPC Declines to Consider Grand Prospect Hall for Landmarking

Brownstoner

It’s a dream come true — for the developer. The Grand Prospect Hall was denied review for landmark status by the Landmarks Preservation Commission on Tuesday, making its imminent demolition all the more likely. In a letter to the neighborhood activists campaigning to save the building, the commission stated that… Read More > The post Citing Alterations, LPC Declines to Consider Grand Prospect Hall for Landmarking appeared first on Brownstoner.

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Coldwell Banker The Property Shoppe joins Coldwell Banker Peter Benninger Realty

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Coldwell Banker The Property Shoppe joins Coldwell Banker Peter Benninger Realty. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction.

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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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Duplex in Park Slope Kinko Townhouse With Mantel, Woodwork, Dining Room Wants $8,200

Brownstoner

Back in the early 20th century when they were first constructed, Brooklyn's Kinko townhouses offered “convenience, spaciousness and privacy” for “small families who appreciate artistic homes,” according to early ads, thanks to separate entrances and duplex layouts for each unit. That's still true today of this rarely available rental unit… Read More > The post Duplex in Park Slope Kinko Townhouse With Mantel, Woodwork, Dining Room Wants $8,200 appeared first on Brownstoner.

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How to Break Into Luxury Real Estate By Selling Just Below the Upper Tier

RIS Media

When you’re first learning how to work with wealthy clients, selling luxury real estate can be intimidating. You might find yourself wondering how you’ll win your first listing , what to say if anyone asks whether you’ve sold at a certain price point you have no experience in, or wondering how to compete with other professionals who have a bigger budget for a high-end real estate marketing strategy.

Agents 98
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The Insider: Tight Budget on Crown Heights Townhouse Reno Calls for Clever Workarounds

Brownstoner

Money was indeed an object in this three-story row house renovation, so much so that the homeowners were happy to hear their recently hired architect was taking off unexpectedly for a year in Italy. "They said, 'That's OK, we need time to save a bit more,'" recalled the architect, Luki Anderson… Read More > The post The Insider: Tight Budget on Crown Heights Townhouse Reno Calls for Clever Workarounds appeared first on Brownstoner.

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Fourth Quarter Events for Agent Retention and Growth

RIS Media

Successful real estate businesses host events for their agents throughout the year—company-wide, regionally, etc.—to recognize achievement, build camaraderie and propel increased production. This is key for ensuring agent retention and growth. The upcoming fourth quarter presents an ideal time for you to host an event specifically focusing on key facets of your business success—namely planning, motivation and growth—in order to finish this year strong and chart a purposeful course for continued

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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.