Fri.May 07, 2021

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Navigating appraisal challenges in today’s housing market

Housing Wire

The booming real estate market has created a high demand for appraisal services. This is good news for lenders, but it puts a tremendous amount of pressure on appraisers who have to be diligent in their work, while also meeting closing dates. HousingWire recently spoke with PCV Murcor Founder, President and CEO Keith Murray and COO Cindy Nasser on how the appraisal process can be streamlined in today’s tight housing market. .

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The Power of Mortgage Pre-Approval [INFOGRAPHIC]

Keeping Current Matters

Some Highlights . Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and a competitive edge in a bidding war.

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What a dismal jobs report means for the housing market

Housing Wire

April was supposed to be the month that proved America’s economy had definitively kicked back into full gear. After all, roughly one million jobs were added in March , roughly 40% of the population had achieved vaccination, and key sectors of the economy planned large-scale reopenings. Instead, the U.S. Labor Department reported that a mere 266,000 new jobs were created in April, far below projections.

Marketing 468
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Prospective Buyers Are Quickly Becoming Active Buyers

Eye on Housing

Of the 16% of American adults considering a future home purchase in the first quarter of 2021, 63% have moved beyond planning and are actively trying to find one to buy, up from the comparable 49% share a year earlier. This increase marks the fifth consecutive year-over-year gain in the share of prospective buyers who have become active buyers. Several.

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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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6 things you should do after moving into your new home

Housing Wire

You’re all moved into your new home – now what? Unfortunately, there’s still work to be done until you can sit back and relax. And no, we’re not talking about scrolling through Pinterest for decor inspiration. As a new homeowner , there are a few important things you should do now that you’ve moved in to ensure your home is safe and secure.

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Luxury Real Estate Headlines: First Week in May 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Laguna Beach, California | John Cain, Pacific Sotheby’s International Realty . A beautiful beachfront property that was once the home of screen legend Bette Davis has gone on the market for $19.995 million. Inside Bette Davis’s former coastal home – a stunning French Normandy estate in Laguna Beach – Homes & Gardens.

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Helpful Hacks To Make Moving Comfortable

Realty Biz

Are you planning on upgrading to a bigger home in a centrally-located and posh neighborhood? Or perhaps, you’re leaving behind your hometown in favor of a quieter, more peaceful life in the suburbs? Either way, planning a move is perhaps one of the most hectic or stressful ordeals one has to tackle in life. It’s true; there’s nothing easy about packing away your entire life and saying goodbye to a place you called home.

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DIY projects to increase your home value

Housing Wire

In the past year, there’s been an upturn in home improvement projects. According to a survey completed by Bid-On-Equipment, 89% of American homeowners made some sort of improvement to their homes during the pandemic. 58% of those individuals did the work themselves. With so many American’s spending time at home, this really shouldn’t come as a surprise.

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Chef’s Kiss! 5 Gorgeous Kitchen Design Ideas To Make It the Most Glam Room in the House

Realtor.com

Getty Images Let’s face it: After months and months (and months) of quarantine cooking, our kitchens have become spaces we dread to enter. If you have a sink full of dishes and plastic to-go containers strewed about, know that you’re not alone. But it doesn’t have to be that way. We’re here to make your kitchen a space you want to be in.

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Mortgage Tech Demo Day: ICE Mortgage Technology

Housing Wire

Encompass Investor Connect. Encompass Investor Connect is a built-in, no additional cost feature within the Encompass Loan Origination System which enables lenders to seamlessly deliver loans to investors from Encompass – resulting in 40% fewer conditions, 1 day faster purchases and $49/loan savings. A “win-win” for both lenders and correspondent investors.

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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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Mortgage and refinance rates today, May 7, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. Of course, that’s welcome. But, in the bigger picture, these rates have been becalmed for weeks. First thing, mortgage […].

Mortgages 108
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Fannie Mae: Consumers still wary of housing market

Housing Wire

Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, decreased by 2.7 points to 79 in April 2021 after four of the survey’s six components decreased month over month. Notable was the drop in sentiment towards homebuying conditions, which was a net negative for the first time in the survey’s history.

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Startups are betting on the rise of the suburban office

Realty Biz

With many companies saying that they’re happy for remote work to continue, at least part-time, when the COVID-19 pandemic subsides, investors are betting on a surge of interest in newer, smaller work spaces located closer to the suburbs. Some investors are already trying to get ahead of the expected trend, eyeing empty residences and retail spaces in the suburbs that could be refitted as smaller office spaces.

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Opendoor, Atlanta, and the future of iBuying

Housing Wire

After a review of Atlanta area property records, it would appear Kim Klir is the most successful real estate agent in world history. Between April 2020 and the end of March this year, Opendoor , an iBuyer but also a residential brokerage, sold 1,613 homes listed on First Multiple Listings Service , the greater Atlanta region’s National Association of Realtors’ endorsed spot for home listings.

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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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Canadian Home Prices Have Grown Much More Than In The U.S., But Incomes Haven’t

Better Dwelling

Canadian home prices grew much faster than American home prices, but did incomes? In Canada, home prices have grown at a rate more than double that seen in the United States. However, disposable incomes over the same period grew at basically the same rate. Let’s take a dive into how shelter costs evolved in the […]. The post Canadian Home Prices Have Grown Much More Than In The U.S., But Incomes Haven’t appeared first on Better Dwelling.

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Mortgage Tech Demo Day: Sagent

Housing Wire

CARE. Sagent CARE allows borrowers to easily manage performing and non-performing loans. They can self-serve for payments and escrows, go paperless, plus monitor home equity, new offers, and tax matters. They can also quickly apply for and resolve forbearances and loan mods during hardships and access human help real-time, anytime. Product Fast Facts. #1.

Mortgages 303
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6 Ways to Build Your Real Estate Database for Long-Term Listings

Lab Coat Agents

Your strongest asset as a real estate professional is your database. It’s your most reliable source of repeat and referral business. The more quality contacts you have in your database, the easier it is to “graduate from the grind” and generate listings in the long run. Too many databases dry up, leaving agents to wonder why long-term listings are so hard to come by.

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Mortgage Tech Demo Day: Aspen Grove Solutions

Housing Wire

Aspen Property Servicing Platform. Aspens Property Servicing Platform simplifies & automates processes, removing unnecessary cost and providing transparency on every servicing dollar spent, providing dashboards and analytics to drive operations and aid decision making while connecting servicers to their network. Product Fast Facts. #1. Save up to 75c on every servicing dollar. #2.

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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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Are Millennials going to buy into 3D printed hotels?

The American Genius for Real Estate

(REAL ESTATE TECHNOLOGY) 3D printed anything became a giant attention getter a couple years ago, but could the biggest winners be odd tourist attractions? The post Are Millennials going to buy into 3D printed hotels? appeared first on The American Genius Real Estate.

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Mortgage Tech Demo Day: Qualia

Housing Wire

Qualia Post. Qualia Post pairs automation and a dedicated service team for mortgage lenders to take the hassle out of document fulfillment from real estate partners. Qualia Post automatically collects documents from your title company partners and stores them in the documents folder of your LOS. Product Fast Facts. #1. Eliminates countless follow-up phone calls and emails every month.

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The Friday Rant: Telling Scary Stories!

Toronto Realty Blog

TorontoRealtyBlog. I have this vivid memory of Camp Kawabi, 1987, when my counselor was reading us a scary story. He had the creepy voice down pat, and he was shining a flashlight up at his face for effect. Everything was going to plan. But then he accidentally read the instructions that were printed alongside the story, something to the effect of, “ Now, get up and jump with arms out and scare the kids ,” and the punchline fell flat, story over.

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Mortgage Tech Demo Day: Altisource

Housing Wire

Vendorly. Vendorly, a proprietary SAAS product developed by Altisource, is a comprehensive vendor management solution that manages vendor due diligence, document maintenance, monitoring and audits. Our clients not only gain an intuitive SAAS based platform but enjoy the additional support of an internal operations team that understands all facets of the mortgage lifecycle.

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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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Residential Construction Employment Rose Slightly in April

Eye on Housing

Job gains unexpectedly slowed in April as states lifted COVID-19 restrictions on businesses and more people are vaccinated. Total payroll employment rose by only 266,000 and the unemployment rate increased to 6.1% in April. This was a surprisingly disappointing report on the macro level. Residential construction employment rose by 3,100 in April, after an increase of 28,700 in March.

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Mortgage Tech Demo Day: ACES Quality Management

Housing Wire

ACES CONNECT. By providing secure access to reporting, audits, defects, and supporting documentation, ACES CONNECT streamlines collaboration between the quality control department and internal stakeholders or external business partners. Get access to key reporting data, self-remediate audit findings and create/manage corrective action plans in coordination with your Risk Department.

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The Leader of Real Estate Influence

RIS Media

Victor Hugo, the famed French poet and author of “The Hunchback of Notre-Dame” and “Les Misérables,” added to his literary legacy when he proclaimed, “Nothing is more powerful than an idea whose time has come.” Chris Stuart, CEO of Berkshire Hathaway HomeServices, introduced his career-changing concept, the Real Estate I.Q.

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Mortgage Tech Demo Day: Xome

Housing Wire

Logix by Xome ®. Logix by Xome ® is a new portfolio management platform that integrates servicing data from across the entire property lifecycle into a single location, making it easier to scale and streamline servicing operations. With Logix, it’s easy to start tracking default servicing activities all in one place, and create efficiencies across vendor management.

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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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Newsmaker Spotlight: Bryan Greene on Combating Bias and Discrimination in Real Estate

RIS Media

Bryan Greene , vice president, Policy Advocacy at the National Association of REALTORS® (NAR), represents NAR in Washington on all regulatory and legislative matters related to fair housing. Here, Greene offers insight into what it means to be an RISMedia Real Estate Newsmaker —individuals recognized for their positive contributions to the real estate industry—along with NAR’s push to combat discrimination and implicit bias promoting increased accountability, culture change and training.

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Mortgage Tech Demo Day: Nationwide Title Clearing

Housing Wire

PerfectDocs®. PerfectDocs®, is the first complete web-based solution that provides both NTC and users a “share the work” solution. This solution enables the creation and tracking necessary to complete lien release and assignment documents, review, execute, notarize those documents, and send those documents to counties for recordation. Product Fast Facts. #1.

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Scusi Trattoria – Palm Beach Gardens

Waterfront Properties

PGA Commons has a new Italian restaurant, Scusi Trattoria. Located at 4520 PGA Boulevard, Suite 100 in Palm Beach Gardens. The eatery offers indoor seating as well as al fresco dining. Scusi Trattoria’s Southern Italian dining experience features a menu of elevated traditional dishes, pasta, pizza, small plates, homemade gelato set in a space reminiscent of an Italian coastal town.

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Midwood Park Standalone With Wood-Burning Fireplace, Parking Asks $1.495 Million

Brownstoner

With a bright red door, a windowed porch and a front gable ornamented with shingles and half-timbering, this early 20th century single-family in the Fiske Terrace-Midwood Park Historic District has plenty of curb appeal. The Arts and Crafts-style house at 1643 Glenwood Road is also the work of noted architects… Read More > The post Midwood Park Standalone With Wood-Burning Fireplace, Parking Asks $1.495 Million appeared first on Brownstoner.

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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.