Sat.Oct 31, 2020 - Fri.Nov 06, 2020

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Beware of gloom and doom housing market crash headlines

Housing Wire

With Halloween now in the rearview mirror, we still have one more spook to survive in 2020 – and no, I’m not talking about the upcoming election. I’m talking about housing market crash headlines. The housing data has been wild this year. We’ve seen waterfall declines and parabolic rebounds. These dramatic peaks and valleys in the data have fed the demons of greed and fear that infest the minds our extreme housing bulls and the fierce housing market bears – leading to equally wild spe

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4 Reasons Why the Election Won’t Dampen the Housing Market

Keeping Current Matters

Tomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not be one of them. Analysts will try to measure the impact feasible changes in regulations might have on housing, the effect of a possible first-time buyer program, and any number of other situations based on who wins.

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These Pandemic-Related Housing and Design Trends Aren’t Going Away

Realtor.com

Hispanolistic/Getty Images Home trends come and go, but social distancing and staying at home have ushered in a new way of life—and some of those changes have spurred home trends that are likely to stick around well past the COVID-19 era. “The idea of what is necessary is changing,” says Camille Thomas , a real estate matchmaker and lifestyle expert in Jackson Hole, WY.

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The Pros and Cons of Building vs. Buying as a First-time Homeowner

Homes.com

If you're torn between buying or building a home, understanding what each option entails will help you make a more informed decision. Here are the pros and cons of each journey. The post The Pros and Cons of Building vs. Buying as a First-time Homeowner appeared first on Homes.com.

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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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Refinance wave boosts mortgage applications 3.8%

Housing Wire

With mortgage rates continuing to hover near record lows, mortgage applications jumped 3.8% last week according to a report from the Mortgage Bankers Association (MBA). The refinance wave showed no signs of stopping as refinance activity gained 6% from the previous week – up 88% higher than the same week last year. According to Joel Kan , MBA’s associate vice president of economic and industry forecasting, borrowers made a grab for both conventional and government refi’s.

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Why This Winter’s ‘Slow’ Home-Selling Season May Be Hotter Than Ever

Realtor.com

BackyardProduction / Getty Images Winter is traditionally real estate’s slow season. Between the cold weather and the holidays, the housing market typically plunges into a hibernation of sorts, with both buyers and sellers shelving any major real estate moves until spring. This winter’s real estate market, however, is shaping up to be unlike any other before it—and, contrary to what some may have feared, is slated to be an excellent time to sell a home.

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Share of Home Buyers Getting Outbid Almost Doubles

Eye on Housing

An earlier post revealed that 62% of buyers who were actively engaged in the process of finding a home in the third quarter of 2020 have spent upwards of 3 months searching for a home without success. Although the top reason long-time searchers haven’t pulled the trigger continues to be the inability to find an affordable home (38%), that share. Read More › The post Share of Home Buyers Getting Outbid Almost Doubles first appeared on Eye On Housing.

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Home prices jump 6.7% in September, but are expected to moderate

Housing Wire

Despite home prices rising 6.7% year over year in September, CoreLogic’s Home Price Index Forecast (HPI) estimates home prices will moderate next year, increasing 0.2% nationally by September 2021 as higher prices erode affordability. Home purchase demand managed to maintain pace through the summer, and now through the fall, as record low mortgage rates continued to encourage new borrowers to enter the market.

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Real Estate Is a Driving Force in the Economy

Keeping Current Matters

As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year. Today’s high buyer demand combined with low housing inventory means we’re seeing home prices appreciate at an above-average pace.

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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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Wow! How Home Sellers Can Make a Bundle in the ‘Best’ Winter Sales Season in Years

Realtor.com

Feverpitched / Getty Images Selling a home in winter is often a slow process. Since many home buyers traditionally hunker down as the temperature drops, particularly during the holidays, home sellers with real estate on the market typically see fewer buyers and lower offers. That’s your typical winter, but this winter is shaping up to be a whole different reality, even a hot seller’s market.

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Let It Shine

Coldwell Banker

Here are a few ways to think creatively about indoor lighting to liven up your home during the long winter ahead. The post Let It Shine appeared first on Coldwell Banker Blue Matter.

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Keller Williams reports 25.4% increase in Q3 volume

Housing Wire

Keller Williams released its numbers for home searches, agents and transactions for the third quarter on Thursday, revealing that as of Sept. 30, Keller Williams agents in the U.S. and Canada closed 374,824 transactions, up 16% over Q3 2019. Agents closed $127.5 billion in sales volume, up 25.4% over Q3 2019 and up 49.47% over Q2 volume. “The challenges our industry is facing in 2020 have inspired our team to work to refine and speed to market the models, systems and tools top agents need to win

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Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

Keeping Current Matters

As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in place through forbearance to ensure history doesn’t repeat itself. This year, homeowners are able to request 180 days of mortgage relief through forbearance.

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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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Self-Employed and Applying for a Mortgage? Here’s What’s Changed Since COVID-19

Realtor.com

valentinrussanov/Getty Images The gig economy has blown up in the past few years, with more and more people choosing to work as freelancers, either by starting their own businesses, or by picking up nonsalaried jobs from bigger companies. According to the Freelancers Union , over 50 million Americans worked this year as freelancers, a number that represents roughly 35% of the country’s workforce.

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PSA Thursday: The Affordable Care Act, with Tanja Hester

Afford Anything

PSA Thursday is back! In case you’re a new listener, PSA Thursday is a weekly- ish segment in which we talk about how to handle money, work, and life in the middle of a pandemic. With the uncertainty of the Affordable Care Act (ACA) looming before us, many are asking: What will happen if the ACA is struck down by the Supreme Court? How can we plan for healthcare – now and in the future?

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The vote is in: Borrowers want RON

Housing Wire

This year, remote online notarizations have taken a major step forward as more borrowers than ever are using eClosing platforms. And the consensus is in: borrowers like RON. A new study conducted by ClosingCorp shows borrowers who completed purchase and refinance transaction during COVID-19 were very satisfied with their experience, and even hope eClosings will continue in the future.

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Creating Content That Both Your Readers and Search Engines Will Love

Jason Fox

Creating Content That Both Your Readers and Search Engines Will Love. Walk the Line: Creating SEO-Friendly Content That Readers Love To truly appreciate the enormous changes that search engines and content marketing have undergone, we need to go back to the Wild West Days of SEO, which were as much fun as the similarly titled 1990s “western” with Will Smith.

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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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What’s the Best Home Insurance Company for You?

Realtor.com

pixdeluxe / Getty Images We’ve all seen those catchy insurance commercials featuring Geico’s talking gecko, Jake from State Farm, Flo from Progressive, Allstate’s destructive “mayhem” dude, the Aflac duck. Need we go on? (We didn’t think so.). As you can tell from all these ads, home insurance is big business. So how do you know which is the best home insurance company for you?

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Meet the Real Estate Tech Entrepreneur: Tyler Irons from VRLY

GeekEstate

In our latest real estate tech entrepreneur interview, we’re speaking with Tyler Irons from VRLY. Without further ado… Who are you and what do you do? My name is Tyler Irons and I’m the Founder of VRLY. VRLY is a Technology and Marketing partner for Real Estate agents. VRLY helps agents implement the latest technology into their listings.

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Investors turn their eyes to affordable housing opportunities

Housing Wire

The COVID-19 pandemic redefined “home” for many Americans and underscored the bedrock necessity of affordable housing for seniors, families and essential workers. As the pandemic shifts from crisis to chronic, investors, community leaders and housing advocates say they intend to make the most of the chance to permanently elevate the case for affordable housing even as economic metrics are starting to shift.

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PSA Thursday: Teaching Technology to the Elderly

Afford Anything

Welcome back to PSA Thursday, a weekly- ish segment in which we talk about how to handle money, work, and life in the year that is 2020. Many of us have experienced disconnection from our loved ones this year, especially with older family members. It can be difficult to stay in touch when parents and grandparents aren’t technologically savvy. They might not know how to text, how to use their cell phone to place a call, or how to initiate a video call.

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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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Six Months of Year-over-Year Gains for Purchase Mortgages

Eye on Housing

The Mortgage Bankers Association’s latest Weekly Application Survey shows that, for the week ending October 30, 2020, mortgage application activity increased by 3.8% from the prior week on a seasonally adjusted basis, as indicated by its Market Composite Index. One of its two constituent indexes, the Purchasing Index, decreased by 0.1% from the previous week while the other, the Refinance.

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Greater Vancouver Detached Home Prices Jump, While Condos Stall

Better Dwelling

Greater Vancouver’s real estate market is on fire… or ice cold, depending on what you’re selling. Real Estate Board of Greater Vancouver (REBGV) data shows composite prices pushed higher in October. Further inspection shows two very different markets. Detached homes are scarce for the level of activity, while condo sellers are flooding the market.

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You’re a Squirrel — Start Marketing Like One

Housing Wire

Squirrels are always a little skittish, but as winter approaches, they really ramp it up. Why? Squirrels’ food sources — seeds, nuts, fruits, fungi — become extremely scarce in the winter, and so they have to act fast to make sure they have enough nourishment for those challenging months. There’s a cliche that squirrels tend to forget where they bury their nuts, but in reality, many species of squirrel have highly sophisticated mnemonic systems for remembering where they stored their bounties.

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Should you offer above asking price on a house? How much is reasonable?

The Mortgage Report

In today's market, it's common for buyers to offer above the asking price on a home. But how much over asking price is too much? Find out here.

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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.