August, 2021

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Homebuyers flock to Florida real estate

Housing Wire

The Sunshine State seems to be getting a lot more foot traffic these days, with the number of homebuyers moving to Miami tripling year-over-year, a new analysis found. According to Redfin ’s monthly migration report, July saw the net inflow of Redfin users packing their bags and moving to Miami rise to 7,610, up from 2,216 last year. Milagros Alvarez, a Miami real estate agent at Redfin, said that the pandemic “has brought even more out-of-towners to the area” because so many people can no

Finance 545
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What Buyers and Sellers Need To Know About the Appraisal Gap

Keeping Current Matters

It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the contract price on the house.

Land 278
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Annual Home Price Gains Hit Record High in June

Eye on Housing

In June, national home prices continued to rise at a fast and unsustainable rate. Strong demand and low housing inventory have been driving home prices at double-digit growths for eleven months. All 20 metro areas reported home price increases in June, while 12 of them had an acceleration in home price growth. The S&P CoreLogic Case-Shiller U.S.

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Selling Your Home in Today’s Market? Don’t Believe These Myths

Lighter Side of Real Estate

Between low inventory and high buyer demand, there’s no denying that we’re in a seller’s market. But just because it’s a seller’s market doesn’t mean that every house is guaranteed to sell—although you wouldn’t know that based on what people are saying. There are a lot of myths and misconceptions going around about selling in today’s market—and if you’re planning to sell, it’s important to ignore them.

Marketing 145
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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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California Gov. Gavin Newsom Sells Marin County Mansion for $5.9M

Realtor.com

California Gov. Gavin Newsom has sold his midcentury modern home in the Marin County enclave of Kentfield, CA, for $5.9 million. The post California Gov. Gavin Newsom Sells Marin County Mansion for $5.9M appeared first on Real Estate News & Insights | realtor.com®.

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What to Know About a 203k Rehab Loan

Realty Biz

203k FHA Loans Explained. Are you considering buying a home that needs work? When buying a fixer-upper, one of your primary considerations should be how you will finance the project. One of the better options is what’s known as an FHA 203k loan. FHA 203K Mortgage is the term that designates funding dedicated to purchasing and refurbishing your primary residence home.

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With Rents on the Rise – Is Now the Time To Buy?

Keeping Current Matters

According to recent data from realtor.com , median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “ Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, rents fluctuate less than 1% from month to month.

Mortgages 276
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Canada’s Largest Source of Money Laundered Funds For Real Estate Is… Canadians

Better Dwelling

Canadians are world-class when it comes to real estate… money laundering. Not just when it comes to laundering foreign capital, but the domestic stuff as well. That’s the take from the data shared by Global Financial Integrity (GFI). The Washington, DC-based anti-corruption organization found significant cash laundered through real estate. They only really scratched the […].

As-is 145
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Is It Worth Adding a Powder Room to Your Home? Consider These Things First

Lighter Side of Real Estate

The number of bathrooms in a home can be a major selling point for potential buyers. And, as such, an extra bathroom can make your home more attractive and easier to sell—which is why a lot of homeowners consider adding a half-bath (or “powder room”) to their property. But adding a powder room isn’t necessarily the right renovation project for every homeowner—and before you decide to add bathroom space to your home, there are a few things you’ll want to consider.

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Gerrymandering in Brooklyn Is Out of Control. Here’s How Reform Could Affect Neighborhoods

Brownstoner

New York’s congressional, state senate and assembly districts are set to be redrawn this year, and for the first time in history, everyday New Yorkers have had the chance to weigh in on how they think the districts should be drawn up. The New York Independent Redistricting Commission, the entity tasked… Read More > The post Gerrymandering in Brooklyn Is Out of Control.

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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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Inside a Sophisticated Wine Country Aerie

Sotheby's International Real Estate

In ancient mythology, Aurora, the goddess of dawn, would dance across the sky announcing the arrival of the sun each day. An address on Aurora Lane, then, feels fitting for this one-of-a-kind home, which with its southern orientation and walls of glass revels sunlight from morning till night. Glen Ellen, California | Charles Lamp, Gina Clyde, and Courtney Keating, Sotheby’s International Realty – Wine Country – First Street Brokerage.

Brokerage 144
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This is not 2008 all over again for the housing market

Housing Wire

When you hear people say that the current housing market is like 2008 all over again, you may want to remind them of the huge differences between this market and that one. The previous economic expansion, from 2010-2019, wasn’t a housing bubble. Quite the opposite: In that cycle we had the weakest housing recovery ever, even with the lowest mortgage rates during the longest economic expansion ever.

Marketing 545
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Will hemp homes solve the building material shortage?

Realty Biz

Sky rocketing prices for building materials have been a common complaint from home builders over the past year. The costs of lumber, steel and concrete have all soared, and now some are promoting the idea of hemp as a more affordable alternative. Hemp does contain cannabis, but the concentration of THC is much, much lower so it has never been used as a recreational drug.

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Canadian Home Buyers Need Up To 34 Years of Savings For A Down Payment: NBC

Better Dwelling

Canadian real estate affordability deteriorated so fast, it will delay buyers by years. National Bank of Canada (NBC) crunched the numbers on how long it would take to save a down payment in Q2 2021. Not buy the home, but to just have the minimum required down payment to get a mortgage. Over one quarter, […]. The post Canadian Home Buyers Need Up To 34 Years of Savings For A Down Payment: NBC appeared first on Better Dwelling.

Banks 145
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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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Upgrade Your Space with This DIY Mirror Organizer!

Homes.com

Don't know what to do with that old door mirror? Upcycle it into functional storage with this DIY mirror organizer tutorial! The post Upgrade Your Space with This DIY Mirror Organizer! appeared first on Homes.com.

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UN Climate Change Report Predicts Dire Future for New York

Brownstoner

Climate change is set to hit home hard for Brooklynites, according to a new report. The report, compiled by the UN’s Intergovernmental Panel on Climate Change and released Monday, paints a daunting picture of the catastrophic effects that increased atmospheric Co2 is already wreaking on the world, and where we’re inevitably… Read More > The post UN Climate Change Report Predicts Dire Future for New York appeared first on Brownstoner.

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Pier Pressure: 5 Waterfront Homes with Docks

Sotheby's International Real Estate

The perfect buoys for modern-day living, these five homes feature docks that offer access to all the delights of the water, whether it be a creek, a lake, or an ocean. Charming Lakefront Compound. Riverside, Connecticut | Leslie McElwreath, Sotheby’s International Realty – Greenwich Brokerage. On 1.5 landscaped acres at the end of a peaceful cul-de-sac in desirable Riverside, this charming five-bedroom retreat enjoys idyllic water views from nearly every room and is replete with high ceili

Brokerage 143
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Home sales beat estimates: no housing crash in sight

Housing Wire

The National Association of Realtors reported 5.99 million home sales for July, which was an excellent beat of estimates and a dagger into the hearts of the 2021 housing crash crew. Mother demographics and low mortgage rates , two things that have been transparent to human beings for a long time, are powerful economic forces. Both together make it very difficult for an epic housing crash in sales to happen, especially when the years 2008-2019 had the weakest housing recovery ever.

Sales 536
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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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7 Things All First-Time Homeowners Get Wrong—and How To Avoid Those Big Mistakes

Realtor.com

Having recently purchased my first home, I’ve had a front-row seat to all the trials and tribulations that come with learning how to be a homeowner. The post 7 Things All First-Time Homeowners Get Wrong—and How To Avoid Those Big Mistakes appeared first on Real Estate News & Insights | realtor.com®.

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Canada Hid A Foreign Capital & Housing Study While Dismissing Intelligence Warnings

Better Dwelling

Canadian tax authorities confirmed they knew about illicit foreign capital inflating real estate. They first found out over two decades ago, but only confirmed it to the South China Morning Post (SCMP) this week. A whistleblowing, retired auditor first told SCMP journalist Ian Young about the report in 2016. He waited half a decade for […]. The post Canada Hid A Foreign Capital & Housing Study While Dismissing Intelligence Warnings appeared first on Better Dwelling.

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Cool Listings: A $9.95 Million Starship-Like Home Celebrates Both the Future & the Past

Fancy Pants Homes

A striking architectural home — that looks like it was created as a home base for captain Kirk (or maybe Picard?) — recently came to market near the Sun Valley resort town in Idaho. Aptly called the Sun Valley Starship, the unique property towers above a manmade pond with its imposing concrete, steel, glass and reclaimed antique wood structure.

Design 138
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Brooklyn Teens Launch Petition to Landmark Park Slope’s Grand Prospect Hall

Brownstoner

A pair of Brooklyn teens are leading the charge to save the historic Grand Prospect Hall, as its new owner races to demolish it. Solya Spiegel, 16, and Toby Pannone, 18, are spearheading the grassroots campaign to landmark the Victorian dance hall, launching an online petition and putting in a formal… Read More > The post Brooklyn Teens Launch Petition to Landmark Park Slope’s Grand Prospect Hall 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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Exuberant Entries: 5 Homes with Colorful Front Doors

Sotheby's International Real Estate

In desirable locales from East Coast to West, these inviting homes greet visitors with front doors that provide welcoming doses of cheerful eye-catching color. Charming Carmel Cottage. Carmel, California | Noel Beutel & Steve Beutel, Sotheby’s International Realty – Carmel Rancho Brokerage. Meticulously remodeled and exemplifying the storybook charm of a cottage in the English countryside, this enchanting three-bedroom home in the picturesque village of Carmel-by-the-Sea is introduced

Brokerage 142
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Delta variant fears send 30-year mortgage rates to 2.77%

Housing Wire

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. According to Sam Khater, chief economist at Freddie Mac, concerns over the COVID-19 Delta variant, along with lower 10-year Treasury yields, have resulted in lower rates.

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Building Materials Prices Climbing at Record YTD Pace Despite Lumber Declines

Eye on Housing

Prices paid for goods used in residential construction ex-energy rose 0.2% in July after climbing 3.0% in June (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019 and have increased 19.4% over the.

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The Canadian Property Bubble Has Grown For 24 Years, Longer Than Any Other G7

Better Dwelling

Canadian real estate is perfectly efficient, and households never display signs of exuberance. That or it’s a ticking time bomb, waiting to go off. This year marks the 24th year of expanding home prices in Canada, and we’re two quarters into it. This isn’t just the longest expansion in Canadian history, it’s one of the […]. The post The Canadian Property Bubble Has Grown For 24 Years, Longer Than Any Other G7 appeared first on Better Dwelling.

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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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Frank Lloyd Wright’s Ennis House (Featured in Blade Runner) is a True Architectural Marvel

Fancy Pants Homes

Few houses nowadays can cause our brows to rise and our jaws to drop; one might say we’ve pretty much seen it all by now. Yet there are some architectural gems that only get more impressive with time and even after decades have past, leave us in awe with their masterful design. Frank Lloyd Wright’s Ennis House is definitely one of those gems. Nearly 100 years after it was built, the building still manages to fascinate us, and Hollywood can’t seem to get enough of it.

Design 137
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When Do You Need a Building Permit and For What Projects

Maximum Exposure Real Estate

Getting Building Permits For Work at Your House is Vital Did you not pull building permits for work done at your house? When you consider making improvements or additions to your home, it can be tempting to try and skirt the permit process. In some cities and towns, the cost and hassle of getting a […]. The post When Do You Need a Building Permit and For What Projects appeared first on Massachusetts Real Estate Exposure.

Marketing 134
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Rustic Meets Refined in These 4 Modern Farmhouses

Sotheby's International Real Estate

In idyllic locations from Carmel to Connecticut, these modern farmhouses begin with one of architecture’s most classic motifs and give charming rusticity a stylish modern spin. California’s Relaxed Luxury. Santa Ynez, California | Patty Murphy, Sotheby’s International Realty – Santa Ynez Valley Brokerage. On 17 acres in Woodstock Ranch, this five-bedroom home is filled with spaces that are effortlessly elegant and refreshingly casual.

Brokerage 139
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Why aren’t builders creating more housing inventory?

Housing Wire

Today, the U.S. Census Bureau reported that housing starts hit 1,534,000 for July, missing estimates. Permits, on the other hand, beat estimates, coming in at a seasonally adjusted rate of 1,635,000. Positive revisions to the previous data were made, but not by very much. This mixed bag of results reflects the typical variability in the data that occurs when not too much has been happening in housing except that monthly supply has been rising for the new home sales market.

Mortgages 520
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.