Sat.May 08, 2021 - Fri.May 14, 2021

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Generation X is looking to move to these metros

Housing Wire

In the last few years, there’s been a lot of conversation surrounding 25 to 40-year-olds and their home purchasing habits. But according to a new LendingTree study , millennials aren’t the only ones making big purchases – Generation X is doing the same. Generation Xers are taking advantage of the housing boom. Generation Xers were born between 1965-1980 and range between 41 to 56-years-old.

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3 Graphs Showing Why You Should Sell Your House Now

Keeping Current Matters

There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your house.

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Only Canada’s Top 5% of Households Could Qualify For A Mortgage On A Home: NBC

Better Dwelling

Great, you borrowed a downpayment from your parents. Only one problem — your income needs to be much higher to qualify for the mortgage. The majority of households would not qualify for a mortgage on a typical home, according to National Bank of Canada (NBC) data for Q1 2021. That’s for a typical home, if […]. The post Only Canada’s Top 5% of Households Could Qualify For A Mortgage On A Home: NBC appeared first on Better Dwelling.

Mortgages 145
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10 Great Garden Improvement Projects Based on How Much Time You Have

Realtor.com

Getty Images If you found yourself spending more time and money on your garden than ever last year, you’re not alone. According to an analysis of retail giant Walmart’s supply chain, the pandemic shutdown led to an “unprecedented” demand for lawn and garden items last year. Plus, a survey conducted this year for the International Casual Furnishings Association revealed that 78% of Americans made outside upgrades during COVID-19.

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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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We’ve got rising home prices but no housing crash in sight

Housing Wire

The key to the U.S. getting back on track economically is for its citizens to freely walk the earth again without the existential threat of COVID-19. The U.S. is getting closer and closer to meeting that goal, while other countries are still trying to control the virus. Before the successful vaccination program, I targeted Aug. 31, 2021, as the launching point for when we can fully achieve this, with the mindset that all jobs lost to COVID would be back online by September 2022 or earlier.

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More Trending

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Achieving Balanced Social Media Content

RIS Media

Employ a Purposeful and Productive Strategy Through 4 Main Content Categories. No matter what social media platforms you engage in…and hopefully there are several…you likely face the same dilemma that most other teams face: What should you post, and how often should you do it? First, let’s acknowledge that this isn’t math, and there isn’t necessarily one right answer.

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Are You Truly Ready To Downsize? 9 Questions To Ask Yourself Before Giving Up Space

Realtor.com

Getty Images There’s a host of reasons for downsizing to a smaller home. You might want to pocket the savings and build upon your nest egg. Maybe you’re ready for a new adventure and eager to move to a high-rise condo in the city. Or finally—the kids have flown the coop, and you don’t need the extra bedrooms and bathrooms anymore. Whatever your motive is for downsizing, an honest evaluation of your expectations is essential to make an informed decision.

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How appraisers value homes in a hot housing market

Housing Wire

Robin Sheridan, a real-estate broker with Compass Washington, recently listed a three-bedroom home in Seattle for $795,000. The 76-year-old brick home had what Sheridan considered a “funky layout,” with two rooms added to the back that didn’t quite integrate into the flow of the home. Still, they functioned well as office spaces. Sheridan received 29 offers on the property, which went pending within five days – and sold for $1.013 million, or 27.4% over the list price.

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It’s Not Too Late To Apply For Forbearance

Keeping Current Matters

Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon. That said, there’s still time to request assistance.

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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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How to Price Your Home in an Extreme Market

Homes.com

Even in a seller's market, how you price your home can make or break your plans. These steps will help ensure you have an accurate list price! The post How to Price Your Home in an Extreme Market appeared first on Homes.com.

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Building Materials Prices Continue to Set Record Highs

Eye on Housing

Prices paid for goods used in residential construction ex-energy rose 1.7% in April (not seasonally adjusted) and have increased 12.4% over the past 12 months, 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.

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Mortgage rates manage another dip to 2.94%

Housing Wire

The average 30-year fixed rate mortgage managed another dip last week, falling two basis points to 2.94%, according to Freddie Mac ‘s PMMS. Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under 3% for the past month. Despites last week’s rates mirroring closer to what was seen in February, Sam Khater, Freddie Mac’s chief economist isn’t convinced they will last. “The low mortgage rate environment has been a

Mortgages 513
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Toronto Real Estate Just Made A Move That Typically Leads To Falling Prices

Better Dwelling

Greater Toronto real estate’s inventory squeeze appears to be rapidly coming to an end. The sales to new listings ratio (SNLR) made a very sharp decline in April, marking the third month in a row. Such sharp corrections in the SNLR are historically associated with falling price growth. Over just the past 3 months, the […]. The post Toronto Real Estate Just Made A Move That Typically Leads To Falling Prices appeared first on Better Dwelling.

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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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Things Are Heating Up Early in the Hottest Markets for Real Estate in April 2021

Realtor.com

Getty Images Summer vacation, here we come! With June in sight and states opening up across the country, real estate activity is buzzing—especially in the Northeast and Midwest, where buyers are jumping fully into the market earlier than usual, according to the latest analysis of Realtor.com® data. Looking at how quickly homes sell and which metros’ listings are viewed the most on our site gives us a picture of which markets are the hottest in the nation.

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47% of Home Buyers Want an Exercise Room

Eye on Housing

NAHB’s latest survey on consumer preferences – What Home Buyers Really Want – asked recent and prospective buyers about the desirability of an exercise room in the home. Results show that 47% of buyers rate an exercise room essential or desirable. The arrival of the COVID-19 pandemic in the spring of 2020 likely accelerated the long-term, rising popularity of exercise.

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Volume-hungry mortgage lenders loosen credit standards

Housing Wire

Mortgage credit availability increased by 2.2% in April as mortgage lenders fight for borrowers in an increasingly competitive market. The Mortgage Bankers Association said Tuesday that the Mortgage Credit Availability Index (MCAI) — which uses 100 as a benchmark — increased to 128.1 last month. A decline in the MCAI suggests that lending standards are tightening while a higher number suggests loosening credit standards.

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Canadian Incomes Are Plummeting From Last Year’s Peak: Desjardins

Better Dwelling

Canadians hoping higher incomes will boost home prices are in for a disappointment. In Q2 2020, the average household income soared, raising home price expectations. An analysis from Dejardins shows the average after-tax household is much lower in Q1 2021. In just one year, incomes soared, fell, and are now basically where they were a […]. The post Canadian Incomes Are Plummeting From Last Year’s Peak: Desjardins appeared first on Better Dwelling.

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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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One-Bedroom in Clinton Hill Cooperatives With Dual Exposures, Blue-Tiled Bath Asks $650K

Brownstoner

In a World War II-era housing complex originally designed for Navy officers and the enlisted, this Clinton Hill co-op has some appealing features, including a spacious layout with room for a home office. The Clinton Hill Cooperatives, designed by Harrison, Fouilhoux & Abramovitz, is a complex of 12 buildings stretched over… Read More > The post One-Bedroom in Clinton Hill Cooperatives With Dual Exposures, Blue-Tiled Bath Asks $650K appeared first on Brownstoner.

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Bidding Wars Are Most Common Reason Active Buyers Can’t Make Purchase

Eye on Housing

An earlier post revealed that 64% of buyers who were actively engaged in the process of finding a home in the first quarter of 2021 have spent upwards of 3 months searching for a home without success. For the second time in this series history, the most common reason long-time searchers haven’t pulled the trigger is not because they can’t.

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A guide for homebuyers looking to buy their dream home

Housing Wire

Are you thinking about buying your first home? Because of today’s low interest rates , some homebuyers may be able to afford the homes of their dream. But low interest rates aren’t the only thing you should consider when house shopping. Due to high demand, the housing supply is slim. But that doesn’t mean you should settle for a house you don’t love.

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Canadian Home Price Growth Expectation Is Now Past The Peak: BMO

Better Dwelling

The number of Canadians expecting home prices to grow is falling very quickly. BMO senior economist Robert Kavcic weighed in on the latest home price growth sentiment. The expectation of growth is beginning to fall nearly as fast as it grew. While it doesn’t mean lower prices (yet), it shows attitudes supporting these price levels […]. The post Canadian Home Price Growth Expectation Is Now Past The Peak: BMO appeared first on Better Dwelling.

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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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Subdivision Houses: Pros and Cons of Buying a Home in a Subdivision

Maximum Exposure Real Estate

What Are The Advantages and Disadvantages of Subdivision Houses? Are you considering buying a house in a subdivision? Subdivision houses bring with them pros and cons. When buying a home, you want to make sure you’re choosing the best property for you. If you are buying a subdivision home, you need to consider and be […]. The post Subdivision Houses: Pros and Cons of Buying a Home in a Subdivision appeared first on Massachusetts Real Estate Exposure.

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3 Communication Tips to Attract Business Without Being Salesy

Agent Drive

Imagine this – you are scrolling through your Facebook feed when you see that your friend just bought a new home. What?! You didn’t even know they were interested in buying and now you are bummed that you missed an opportunity to work with them. But with a few communication tips this could have been avoided. […]. The post 3 Communication Tips to Attract Business Without Being Salesy appeared first on AgentDrive.

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Mortgages for second homes skyrocket 178%

Housing Wire

The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th straight month of 80%-plus growth, according to a recent Redfin study. Redfin Chief Economist Daryl Fairweather said the numbers are likely exaggerated because demand for second homes dropped 24% year over year in April 2020, the month after the coronavirus pandemic permeated throughout the U.S.

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Canadian Home Prices Forecast To Grow Much Faster Than Inflation For Years: CMHC

Better Dwelling

Canadians should prepare for the Hunger Games and an all-out attack on affordability. That’s the takeaway from the Canada Mortgage and Housing Corporation (CMHC) Spring 2021 forecast. Last year’s doomsday forecast is now followed by one of ambitious price growth. The national housing agency’s worst-case scenario is prices grow much faster than incomes.

Mortgages 117
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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.