Thu.Oct 14, 2021

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Congress nears deal on key housing bills

Housing Wire

As Congress haggles over funding for the social infrastructure package, a Senate Democrat who chairs the Senate Finance Committee promised a key housing provision will make the cut. Sen. Ron Wyden of Oregon, a Democrat, told attendees of a Housing Oregon virtual conference on Friday that the committee he chairs had an “enormous interest” in the Neighborhood Homes Investment Act.

Finance 412
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What Do Past Years Tell Us About Today’s Real Estate Market?

Keeping Current Matters

As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what do these terms mean? The housing market today is anything but normal , and it’s still an incredibly strong sellers’ market , especially when compared to the few years leading up to the pandemic.

Marketing 231
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Millennials struggle to compete with boomers for homes

Housing Wire

Young people make up a smaller share of recent homebuyers than in previous years most likely due to the increased market activity of baby boomers, a new Zillow report published on Thursday found. It’s hardly breaking news that the demand for housing has drastically increased over the past 18 months, but the report suggests that this has more to do with demographic trends than the pandemic.

Equity 538
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6 Features of Japanese Design That Are Having a Moment

Sotheby's International Real Estate

Atami, Japan | List Sotheby’s International Realty. Seeking peace, harmony, and tranquility at home? Perhaps it’s time to embrace the minimalism, artisanal craftsmanship, and traditional features that make Japanese design so inviting. Though Japandi style—a combination of classic Japanese and streamlined Scandinavian aesthetics—is topping trend lists this year, the foundational components of Japanese design are truly timeless.

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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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Mortgage rates hit highest level since April

Housing Wire

The average 30-year-fixed mortgage rose seven basis points to 3.05% for the week ending Oct. 14, to its highest level since April, according to Freddie Mac’s latest PMMS survey of mortgage rates. Two weeks ago, rates rose 13 basis points to 3.01%, eclipsing the 3% mark for the first time since June. However, last week, rates fell to 2.99%. Mortgage rates typically move in tandem with the 10-year U.S.

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UWM not ready to fully commit to cryptocurrency payments

Housing Wire

United Wholesale Mortgage is testing the waters with cryptocurrency, announcing today that it accepted its first-ever cryptocurrency mortgage payment in September. According to UWM, five more cryptocurrency mortgage payments were evaluated and accepted in October. The Pontiac-based wholesale mortgage lender said that the transactions were used as models to “better assess scaling cryptocurrency payments for consumers.

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Falling Lumber, Concrete Prices Offset Steel Increases in September

Eye on Housing

Prices paid for goods used in residential construction ex-energy decreased 0.8% in September (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The decrease was largely driven by lower lumber and concrete products prices and was the second monthly decline since the start of the last recession.

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Fannie Mae’s sales of reperforming loans are on the rise 

Housing Wire

Sales of reperforming loans nosedived in 2020 as the pandemic took root in America, but sales volume appears to have recovered with vigor, based on an analysis of RPL offerings for government-sponsored enterprise Fannie Mae. The GSE earlier this month announced its 23rd sale of reperforming loans, which are defined by Fannie Mae as mortgages that were previously delinquent but are performing again because payments have become current — with or without the use of a modification plan.

Loans 409
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Canadian Investment In Home Construction Is Officially In Correction Territory

Better Dwelling

Canadian home building is near record activity, but it appears it’s hard to keep finding new money. Statistics Canada (Stat Can) data shows investment in building construction fell in August. The decline marked the fourth consecutive month, and it was due entirely to housing. Residential building construction investment dropped so fast, it’s now technically a […].

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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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Wells Fargo reports lower origination volume in Q2

Housing Wire

Wells Fargo originated $51.9 billion worth of mortgages in the third quarter, down slightly from $53.2 billion in the previous quarter. The depository’s retail business made up most of its origination volume from July to September, coming in at $32.5 billion, while the correspondent channel produced $16.7 billion worth of mortgages. Despite earlier reports in the mortgage industry that refis were waning , Wells Fargo’s third quarter results revealed that 55% of their origination business was ref

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Foreclosures Surging?

BubbleInfo

The post-frenzy headlines will revert back to their usual negative slant. Will home buyers read the entire article? Or jump to their own conclusions? Here are the actual numbers mentioned: States with the largest number of new foreclosures were: California: 3,434 Texas: 2,827 Florida: 2,546 New York: 1,363 Illinois: 1,362 “Despite the increased level of […].

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AREAA INSTALLS TIM HUR AS NATIONAL PRESIDENT FOR 2022

Realty Biz

The Asian Real Estate Association of America , a national nonprofit trade organization focused on improving the homeownership rates of the Asian-American Pacific Islander (AAPI) community, has installed its next president. Tim Hur, 37, who is the Managing Broker and President of Point Honors and Associates, REALTORS, a boutique real estate firm located in Metro Atlanta, becomes the second youngest leader of the national group.

Equity 100
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The Insider: Arched Openings Are Elegant Leitmotif in Renovation of Fort Greene Townhouse

Brownstoner

In reimagining a compact mid-19th century townhouse as a tranquil home base for a newlywed couple with high-powered careers, his in the media business and hers in travel, architect Alexandra Barker of Gowanus-based Barker Associates Architecture Office (BAAO) lit upon the idea of creating arched openings between rooms. "The front facade… Read More > The post The Insider: Arched Openings Are Elegant Leitmotif in Renovation of Fort Greene Townhouse appeared first on Brownstoner.

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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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Foreclosures Are Shooting Up—Is It a Repeat of the Early 2000s Housing Crisis?

Realtor.com

With a federal moratorium on foreclosures ending, loan forbearance relief running out, and the COVID-19 pandemic continuing, foreclosures are starting to jump up. The post Foreclosures Are Shooting Up—Is It a Repeat of the Early 2000s Housing Crisis? appeared first on Real Estate News & Insights | realtor.com®.

Loans 106
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10 Things You Need to Know About Credit Scoring

RISMedia

Having a good credit score is something that will help throughout your adult life. Unfortunately, many people don’t understand how credit works, and this could be causing you more problems than you realize. Below, we'll look at the top 10 things you need to understand about credit scores to help you better manage your finances: […]. The post 10 Things You Need to Know About Credit Scoring appeared first on RISMedia's Housecall.

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Oregon First-Time Home Buyer: 2021 Programs and Grants

The Mortgage Report

An Oregon first-time home buyer can access loads of support and assistance — often including cash help with their down payment.

Mortgages 114
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Is Now a Good Time to Become a Landlord?

RIS Media

TNS—Q: We are getting older and ready to move to a smaller home. Our plan has always been to rent our existing house to make extra money toward our retirement. After the eviction moratorium, we are nervous. Is it a good time to be a landlord? — Jerri. A: Not collecting rent is a scary prospect that every landlord needs to be prepared for. Whether it is because of a pandemic, natural disaster or non-paying tenant, you need to have enough of a cushion to carry the house’s expenses for at lea

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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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This is No Longer a Housing Boom or a Housing Bubble

Realty Biz

We’ve had the makings of a housing bubble for more than a year and a half. The basic ingredient for a bubble is when demand for homes exceeds the actual supply. What we do not have is the ingredient for a housing bust, which is when the demand decreases and the supply increases. Speculators Aren’t Buying Their First Home. It doesn’t matter whether it was the dot-com bubble of 2000 or the Great Recession beginning in 2007.

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Can Homebuyers With Government-Backed Loans Compete in Today’s Hot Housing Market?

Realtor.com

First-time homebuyers used to have a friend in their corner: the U.S. government. But Uncle Sam isn’t helping as much in today's competitive housing market. The post Can Homebuyers With Government-Backed Loans Compete in Today’s Hot Housing Market? appeared first on Real Estate News & Insights | realtor.com®.

Loans 98
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Mortgage and refinance rates today, Oct. 14, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. Phew! That was the first fall in 10 calendar days and felt overdue. Today’s rates may feel high. But […].

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A New Report from NAA Sponsored by AppFolio Reveals Top Challenges Facing Property Management Industry

App Folio

From transitioning to remote work to the sudden urgency in adopting technology to carry out everyday operations, the general business.

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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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Ribbon Cut on Dumbo Library, Opening First New Brooklyn Branch in 40 Years

Brownstoner

The Brooklyn Public Library opened a new branch for the first time in nearly 40 years on Tuesday, when library execs and local pols cut the ribbon at the new Adams Street Library in Dumbo. The new library is BPL’s 60th branch, and the first new one in the borough since… Read More > The post Ribbon Cut on Dumbo Library, Opening First New Brooklyn Branch in 40 Years appeared first on Brownstoner.

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3 People Luxury Real Estate Professionals Need in Their Sphere of Influencec

RIS Media

How often do you network with other professionals who serve an affluent clientele? Luxury real estate has a reputation for exclusivity, but the truth is, success comes from building a network of people who can help connect you with new, qualified prospects and support you in better serving your existing clients—and vice versa. The good news? There are plenty of other luxury professionals whose affluent clientele overlap with that of a luxury real estate professional, and many are aware of the re

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Who Pays the Real Estate Commissions?

CT Homes

When buying or selling a home, the logistics can get complicated pretty quickly. Tiny yet crucial details and extensive payment processes result in most individuals entering the real estate market with the help of a specialist or real estate agent. When selling a home or commercial real estate space, it’s especially important to have all of the correct details to guarantee you’ll make a profit from the transaction.

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LeadingRE Adds Sellers Shield™ to Solutions Group Program

RIS Media

Leading Real Estate Companies of the World® (LeadingRE) has added Sellers Shield to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. Sellers Shield is a real estate disclosure form solution that reduces the likelihood of home sale lawsuits and provides legal protection to home sellers if a lawsuit occurs.

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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.