Housing Wire

MAY 11, 2021

Mortgage credit availability increased by 2.2% in April as mortgage lenders fight for borrowers in an increasingly competitive market. The Mortgage Bankers Association said Tuesday that the Mortgage Credit Availability Index (MCAI) — which uses 100 as a benchmark — increased to 128.1 last month. A decline in the MCAI suggests that lending standards are tightening while a higher number suggests loosening credit standards.

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Realtor.com

MAY 11, 2021

Getty Images If you found yourself spending more time and money on your garden than ever last year, you’re not alone. According to an analysis of retail giant Walmart’s supply chain, the pandemic shutdown led to an “unprecedented” demand for lawn and garden items last year. Plus, a survey conducted this year for the International Casual Furnishings Association revealed that 78% of Americans made outside upgrades during COVID-19.

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Housing Wire

MAY 11, 2021

The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th straight month of 80%-plus growth, according to a recent Redfin study. Redfin Chief Economist Daryl Fairweather said the numbers are likely exaggerated because demand for second homes dropped 24% year over year in April 2020, the month after the coronavirus pandemic permeated throughout the U.S.

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Mortgages Sales As-is Marketing 446

Eye on Housing

MAY 11, 2021

NAHB’s latest survey on consumer preferences – What Home Buyers Really Want – asked recent and prospective buyers about the desirability of an exercise room in the home. Results show that 47% of buyers rate an exercise room essential or desirable. The arrival of the COVID-19 pandemic in the spring of 2020 likely accelerated the long-term, rising popularity of exercise.

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Housing Wire

MAY 11, 2021

The special purpose acquisition company market isn’t dead yet, apparently. SoftBank Group -backed digital lender Better.com plans to make its public debut in the fourth quarter of 2021 via SPAC , in a deal that would value the company at nearly $8 billion, the firm said Tuesday. Better.com, which offers mortgage, real estate, title and homeowner insurance through its digital platform, has entered an agreement to merge with Aurora Acquisitions Corp., a blank check company sponsored by Novat

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Better Dwelling

MAY 11, 2021

Greater Toronto real estate’s inventory squeeze appears to be rapidly coming to an end. The sales to new listings ratio (SNLR) made a very sharp decline in April, marking the third month in a row. Such sharp corrections in the SNLR are historically associated with falling price growth. Over just the past 3 months, the […]. The post Toronto Real Estate Just Made A Move That Typically Leads To Falling Prices appeared first on Better Dwelling.

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Sales 129

Better Dwelling

MAY 11, 2021

Canadians hoping higher incomes will boost home prices are in for a disappointment. In Q2 2020, the average household income soared, raising home price expectations. An analysis from Dejardins shows the average after-tax household is much lower in Q1 2021. In just one year, incomes soared, fell, and are now basically where they were a […]. The post Canadian Incomes Are Plummeting From Last Year’s Peak: Desjardins appeared first on Better Dwelling.

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Housing Wire

MAY 11, 2021

Publicly traded retail mortgage lender Guild Holdings is on the hunt for acquisitions, and it’s found a juicy target in Maine-headquartered retail lender Residential Mortgage Services Holdings. The acquisition of RMS for $196.7 million (3.5x earnings) gives Guild a substantial foothold in the Northeast and a bevy of purchase business. RMS, founded in 1991, has 70 offices across 14 New England and Mid-Atlantic states.

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Finance Lending Mortgages Loans 370

Brownstoner

MAY 11, 2021

In a World War II-era housing complex originally designed for Navy officers and the enlisted, this Clinton Hill co-op has some appealing features, including a spacious layout with room for a home office. The Clinton Hill Cooperatives, designed by Harrison, Fouilhoux & Abramovitz, is a complex of 12 buildings stretched over… Read More > The post One-Bedroom in Clinton Hill Cooperatives With Dual Exposures, Blue-Tiled Bath Asks $650K appeared first on Brownstoner.

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Design 121

Housing Wire

MAY 11, 2021

Many factors contribute to the process of determining the value of a residential property. Two of the key components are quality and condition. For example, a newly renovated home that has a gourmet kitchen and an updated bathroom may be valued more highly than a similar home that possesses only above-average amenities and is in average condition. .

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Advertiser: Trellis

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Loans

Better Dwelling

MAY 11, 2021

Canadians should prepare for the Hunger Games and an all-out attack on affordability. That’s the takeaway from the Canada Mortgage and Housing Corporation (CMHC) Spring 2021 forecast. Last year’s doomsday forecast is now followed by one of ambitious price growth. The national housing agency’s worst-case scenario is prices grow much faster than incomes.

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Mortgages 117

Housing Wire

MAY 11, 2021

The parent company of United Wholesale Mortgage (UWM) reported $860 million in net income during the first quarter of 2021, but there are clear signs that the going has already gotten tough. In total, UWM originated $49.1 billion in closed loan volume in the first quarter, down from the $54.7 billion in the fourth quarter (but up from the $42.4 billion in originations a year ago).

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Purchase and sale agreement Mortgages Industrial Technology 383

Realtor.com

MAY 11, 2021

Getty Images Despite skyrocketing home prices, a majority of Americans believe now is a good time to buy a home, according to a new survey from Gallup. Some 53% of Americans believe it is a good time to buy, Gallup reported Tuesday , citing the results of a survey of nearly 1,000 U.S. adults conducted in April. Last year, only 50% of people felt this way, marking a record low since Gallup began tracking Americans’ sentiment on the housing market in the 1970s. 53% of Americans believe now is a

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Marketing As-is Mortgages Sales 116

Housing Wire

MAY 11, 2021

Opendoor wants to give residential real estate brokerages a run for their money , but its first quarter earnings suggest the company is not quite there yet. The San Francisco-based instant homebuyer announced a net income loss of $270 million on Tuesday, a 421 percent jump compared to the first quarter of 2020’s $62 million deficit. The Q1 2021 loss approached Opendoor’s $280 million net income loss for all of 2020.

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Title Brokerage Residential Technology 370

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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.

Sales

Realtor.com

MAY 11, 2021

realtor.com This week’s oldest listing dates all the way to 1652. Known as Toddsbury, the Virginia farm comes with 56.4 acres, plus a manor home from over a century before the United States was founded. Also dubbed the “Jewel of Tidewater,” it sits on a full mile of waterfront on the North River and is filled with lavish gardens. It’s not the only old home to land on the market this week loaded down with extras.

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Agent Drive

MAY 11, 2021

Broader marketplaces and greater mobility continue to affect many industries. Real estate is a perfect example of how technology can make the sales and leasing process more cost-effective, efficient, and targeted. Through advances in real estate app development and other forms of customer service/outreach, buyers can open their range of possibilities and sellers can qualify […].

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Development Industrial Technology Sales 111

Realty Biz

MAY 11, 2021

Buying a house is not something that can be taken lightly. It may be the largest, most important purchase you ever make. And to make sure this is the right house for you it needs to meet two objectives: offer the right space you and your family need and work with your budget. That is why it pays off to have a good plan in place before buying a house.

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The Mortgage Report

MAY 11, 2021

Is buying a house a good investment? It depends on your goals. A house is a great investment if you need a place to live, but may not maximize your returns.

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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.

Agents

RIS Media

MAY 11, 2021

Real Estate Webmasters Sets Colorado Team on the Path to Continued Growth. The Clement management team (L to R: Joe, Nick and Tony Clement) on the site of their new company headquarters. Nick Clement recently came into real estate as a second-generation family member, following the footsteps of his brothers Joey and Tony who did so 20-plus years ago.

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Brokerage Design Development Technology 113

Brownstoner

MAY 11, 2021

After widespread public backlash, state park honchos are overhauling their designs for Williamsburg’s Marsha P. Johnson State Park — halting their colorful tribute to the green space’s LGBTQ namesake, while adding almost four basketball courts worth of greenery to the waterfront lawn on Kent Avenue. “We’ve had really great conversations and… Read More > The post New Plans for Marsha P.

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Design 105

RIS Media

MAY 11, 2021

Despite the challenges of 2020, home sales rose dramatically. Homeowners either “stepped up a level” to find the home of their dreams—one with more outdoor space or the home office they now found they needed—or families repaired and sometimes even remodeled their existing homes with an aim to improve stay-at-home conditions. No matter which way things went down, Pillar To Post Home Inspectors® inspected real estate valued at over $55 billion and served hundreds of thousands of custom

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Sotheby's International Real Estate

MAY 11, 2021

In keeping with the motifs of its inspiration—the hôtels particuliers of France—this stately manor in Pacific Heights is gracefully positioned “entre cour et jardin”—that is, between a refined entry courtyard and a glorious backyard garden. Its undeniably classic architecture and influence notwithstanding, the residence is a perfectly modern milieu, at ease with contemporary fittings and furnishings as well as technological comforts and conveniences.

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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.

Agents

Eye on Housing

MAY 11, 2021

Job openings in construction increased in March to 344,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory. Overall, hiring in the construction sector increased in March, rising to a 6% rate.

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RIS Media

MAY 11, 2021

Realty ONE Group recently sold the franchise rights to new owners looking to bring the company’s branding and business model to Singapore. With his wife Sock Hoon Spearman, Robb Spearman, who is Realty ONE Group Heartland Region’s regional director and co-owner of Realty ONE Group Impact in West Des Moines, Iowa, have acquired the franchising rights for the country of Singapore, located in Southeast Asia. “We’re more than ready to take the popularity of the brand and the

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Branding Agents Industrial 98

Realtor.com

MAY 11, 2021

Houzz/Macale Builders, Inc Ah, the bathroom. It’s often one of the smallest rooms in the house, and yet it serves so many purposes. Not only is it a place to wash up, but it can also be your own personal spa—and in a crowded home during a pandemic, a sanctuary. If you’re in the mood to spruce up your beloved bathroom but don’t want to rip the room down to the studs, you could opt for a mini-to-medium update.

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RIS Media

MAY 11, 2021

When it comes to engaging with clients and building a following, live streaming can help any agent take their social media strategy—and their personal brand—to the next level. From hosting live Q&As about current market conditions to developing a talk show for hundreds—or thousands—of potential clients, live streaming is a great way to stand out and reel in some fresh eyes on your listings and brands.

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Agents

BubbleInfo

MAY 11, 2021

I already guessed that the runaway frenzy will start to temper in June. Here are reasons: Some of the craziest demand has been satisfied. Other buyers will take a break and go on vacation. Overly-optimistic pricing by some sellers. It’s been red-hot for 10-12 months. Newsom says the state will be 100% open by June […].

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Marketing 98

Waterfront Properties

MAY 11, 2021

Jupiter’s Abacoa is hosting their monthly Food Truck Invasion this Friday night in their Downtown Area. On select Friday nights, Food Trucks line up along Town Center Drive to offer some of their best and authentic dishes. The Food Trucks come from all over South Florida and feature a variety of food ranging to tacos, burgers, pastries, ice cream, Asian, Italian, specialty dishes, Cuban, and much more.

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RIS Media

MAY 11, 2021

The National Association of REALTORS® (NAR) recently released data showing that nearly every metro area it tracks—99%—posted year-over-year price increases in the first quarter of 2021. The 11 metro areas with the highest price increases were: – Kingston, N.Y. (35.5%; $303,100). – Bridgeport-Stamford-Norwalk, Conn. (34.3%; $580,400). – Atlantic City-Hammonton, N.J. (34.0%; $277,200). – Barnstable Town, Mass. (33.1%; $567,600). – Boise City-Nampa, Idaho (32.8%; $422,

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New Construction Construction Marketing Sales 98

Brownstoner

MAY 11, 2021

Brooklynites who have been busy nurturing their green thumbs over the last year will have a chance to show off their skills and beautify their blocks with the return of the Greenest Block in Brooklyn contest. The annual contest didn't take place last summer but is returning this year with… Read More > The post Get Your Window Boxes Ready and Enter the Greenest Block in Brooklyn Competition appeared first on Brownstoner.

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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.

Sales