April, 2021

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Here it is: Biden’s first-time homebuyer tax credit legislation

Housing Wire

Consumers have been closely following President Joe Biden’s proposed first-time homebuyer tax credit , but the newest form of that proposal has several significant restrictions. The latest draft of a down-payment assistance bill would provide $25,000 to first-time homebuyers, but only those who are also first-generation homebuyers and economically disadvantaged.

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$1.35M Austin Home Renovated by the Property Brothers Sells in a Day

Realtor.com

realtor.com We know Austin, TX, is one of the country’s hottest real estate markets. We also know the impact of remodels featured on HGTV’s popular “Property Brothers.” Join those two unstoppable forces together, and you’ll wind up with a home that sells more quickly than you can say “new listing.” The show’s stars, Jonathan and Drew Scott , completed a remarkable renovation of this midcentury modern way back in Season 4 of their long-running show

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Canada Is Pumping More Credit Into Its Property Bubbles, Against Global Warnings

Better Dwelling

Canadian real estate is in a melt-up, and the Government of Canada (GoC) was warned not to pour any gas on the fire. Naturally, they’re getting ready to pour gas on the exact fire they were told not to. On May 3, 2021, the GoC will expand the First-Time Home Buyer Incentive (FTHBI) program. The […]. The post Canada Is Pumping More Credit Into Its Property Bubbles, Against Global Warnings appeared first on Better Dwelling.

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Laundry Room & Exterior Lighting Top Buyers’ Most Wanted List

Eye on Housing

The two most wanted features in a home are a laundry room and exterior lighting, according to NAHB’s latest study on consumer preferences – What Home Buyers Really Want (2021 Edition). The study is based on a national survey of more than 3,200 recent and prospective home buyers (people who bought homes in the previous three years or plan to.

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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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Sellers and Buyers Are Both Feeling More Optimistic In Today’s Market

Lighter Side of Real Estate

There’s no denying that the real estate market has had its ups and downs over the past year. But how are buyers and sellers feeling about the market today? In March, the Fannie Mae Home Purchase Sentiment Index (HPSI) was 81.7, up 5.2 points from February—which means more consumers are feeling optimistic about the real estate market. According to the HPSI: 61 percent of consumers surveyed said that now was a good time to sell (up from 55 percent in February). 53 percent of consumers surveyed sai

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Millions will enter housing market in 2021: Zillow

Housing Wire

In what will be known to future generations as the Great Reshuffling, a recent Zillow survey showed that more than 1 in 10 Americans reported moving in the past 12 months, either by choice or by circumstance. And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021.

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Take Me Home! West Virginia’s Most Expensive House Is a $19.5M Hilltop Mansion

Realtor.com

Connie Gauthier A huge house overlooking a forest in Summersville, WV, is the state’s most expensive listing, at $19.5 million. “It’s a property that sits on top of a hill and encompasses just over 100 acres, and the views are spectacular,” says the referring agent, Marin Hagen. “You really get the sense of it being a serene retreat—simply based on the siting of the house on the property.”.

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Canada Is Now Completing 18 Homes For Every Person The Population Grows

Better Dwelling

Canadian homebuilding lagged in the past, but it now far exceeds population growth. CMHC data shows home completions started to outpace population growth last year. By the fourth quarter, there are now 18 homes completed for every person the population grows. Curiously, home prices have been soaring in growth. Canadian Homebuilders Are Still Hammering Out […].

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Renting a Truck With U-Haul: What to Know

RIS Media

Are you considering renting a U-Haul truck for an upcoming move? Whether you need to move you and your family across the state, or you’ve just got some building materials for an up-and-coming product you need to move, you’re probably going to need to rent a truck. Your first choice may be a U-Haul rental, but do you know all you should know about this rental company before you go ahead and trust them with your money and your goods?

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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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The Best U.S. Suburbs to Move to in 2021

Homes.com

Learn about the best U.S suburbs to move to in 2021 based on a variety of factors such as average home price, education scores, and more! The post The Best U.S. Suburbs to Move to in 2021 appeared first on Homes.com.

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Buyers Have Diverse Preferences for the Home’s Exterior Design

Eye on Housing

A new question introduced to the 2021 Edition of What Home Buyers Really Want* showed buyers pictures and descriptions of four exterior designs and asked for their preference. Results reveal that buyers have quite diverse preferences for the exterior style of their home, since none of the choices was preferred by anywhere near a majority of buyers. At best, a.

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CFPB proposes foreclosure ban until 2022

Housing Wire

The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021. Under current CFPB foreclosure rules, a borrower must be 120 days delinquent before the foreclosure process can start.

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What Does ‘Under Contract’ Mean in a Real Estate Listing?

Realtor.com

Getty Images As you scroll through the real estate listings, you might spot a few that say the house is “under contract.” But what does “under contract” mean? In most cases, a property is listed as “under contract” once a buyer has made an offer and the seller has accepted. While that’s a big step, it doesn’t mean the deal is done quite yet.

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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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Bank of Canada Expected To Hike Rates Sooner Than Planned, May Cool Housing

Better Dwelling

Canadian real estate buyers may get a little psychological shock later this week. The Bank of Canada (BoC) will update the public on monetary policy next Wednesday. Three Big Six banks said they expect the central bank to discuss higher rates. Two of those, expect a discussion on rate hikes happening earlier than stated. All […]. The post Bank of Canada Expected To Hike Rates Sooner Than Planned, May Cool Housing appeared first on Better Dwelling.

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9 of the Punny-est Real Estate Memes on the Internet

Lighter Side of Real Estate

Who doesn’t like a good pun?! Yes, even the people who groan when they hear one. Deep down, everyone appreciates a well-crafted pun. Which is why “punny” real estate memes go over so well (when they’re done right). Here’s nine of the punny-est real estate memes we’ve created over the years to help agents stay top of mind while entertaining their friends, family, and past clients. 1.

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What Are Real Estate Comparables

Realty Biz

Understanding Comps in Real Estate Sales. Do you know what are real estate comparables? How about “comps”? These are slang terms some folks use to talk about similar properties. Setting a price of a home can be confusing to figure out. Many people, including real estate agents and appraisers, use the Multiple Listing Services or MLS to determine the right price for both the seller and future buyers.

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Buyers Are Split on Multigenerational Homes

Eye on Housing

A multigenerational home is desirable to some buyers, but not to all. According to What Home Buyers Want, 2021 Edition*, buyers are evenly divided when it comes to the desire for a home designed to house the buyer as well as a younger generation and an older generation: 39% would prefer such a home, but 39% would be against it.

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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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Who qualifies for the $25K first-time homebuyer grant

Housing Wire

If recently-introduced first-time homebuyer legislation were to be enacted as written, about 4.37 million people – roughly 10% of the nation’s renters – could be eligible for up to $25,000 in downpayment assistance. Advocates of the policy say the program’s thoughtful targeting would allow it to reach those who need it the most, while industry experts told HousingWire that a complex, heavily means-tested program could create compliance pitfalls.

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5 Delightful Dining Room Decor Trends You’ll Want To Copy for Spring

Realtor.com

David Duncan Livingston/Houzz This time of year is always bursting with color outside. And with all those blooming buds and fresh green shoots, it’s understandable that you would want to bring that vibrancy inside , too. Where to start? Well, as always, we do the heavy lifting for you— scrolling through Instagram for the latest inspiration , this time with an eye on the dining room (where hopefully you can host dinners again soon).

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Canada’s Property Bubble Is Now So Large, A Soft Landing Would Take 19 Years

Better Dwelling

Canadian real estate prices are now beyond frothy, and the government says that’s fine. They believe they can prevent home prices from falling, and let incomes catch up. If you’re in government or banking, you may have already seen me explain how impossible this is. If you haven’t, this is known as the “soft landing” […].

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How to Get Rid of Junk in Your Home

Point2Homes

Image: Palabra / Shutterstock.com. According to the Environmental Protection Agency (EPA), the average American produces 4.4 pounds of waste each day. And, although most of this finds its way into the trash, some will remain in your home. Then, it gradually fills up your closets with stuff you need to get rid of when moving to another home. While it can be difficult to know where to start when removing junk from your house, hiring a professional junk removal company will ensure that this necessa

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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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No foreclosures until 2022? CFPB seeks to extend foreclosure moratorium

The Mortgage Report

CFPB has proposed extending the foreclosure moratorium through Dec. 31, 2021. That would mean no COVID-related foreclosures until 2022. Learn more here.

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Conventional and FHA Mortgages Finance 90% of New Home Sales in Q1 2021

Eye on Housing

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed the largest share of new home sales since 2018. The share of sales backed by conventional loans in the Q1 2021 increased 2.8 percentage points (quarter-over-quarter) to 71.6% and 2.1 percentage points since Q1 2020.

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5 signs you’re ready to downsize your home

Housing Wire

Should you or shouldn’t you downsize? If you’re a homeowner , this is a question you’ll inevitably ask yourself. While owning a home is exciting, it comes with a great deal of responsibility. If your home doesn’t fit your lifestyle anymore, you might want to consider purchasing something smaller – or even renting. Besides cutting costs, downsizing has additional benefits.

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Ever-Rising Home Prices Hit a New All-Time High

Realtor.com

Getty Images The meteoric rise in home prices isn’t slowing down. The national median home list price hit $370,000 in March—a new record high, according to a recent realtor.com® report. The increase in prices, a 15.6% increase over last year, is a direct result of the severe shortage of properties on the market just as first-time and trade-up buyers seeking larger homes have flooded the market.

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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.