Sat.Sep 04, 2021 - Fri.Sep 10, 2021

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End of forbearance programs won’t result in housing crash

Housing Wire

One year ago this month, I coined the term forbearance crash bros , an updated name for the housing bubble boys who never got their housing crash in 2020 so they moved the collapse of housing to 2021. Many other articles were written in tribute to this wonderfully talented group of internet crash callers. As we are in September 2021, we can safely say the housing crash has been moved once again to next year.

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Reasons You Should Consider Selling This Fall

Keeping Current Matters

If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later. 1. Your House Will Likely Sell Quickly. According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, t

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Canadian Real Estate Is Now A Bubble On Top of A Bubble: US Federal Reserve

Better Dwelling

Either the Canadian real estate bubble is now a bubble on a bubble, or old enough it should be in school. The US Federal Reserve (the Fed) released its quarterly exuberance index for Q1 2021. The index, used to determine country-level housing bubbles, shows Canada is well into one. The unusual circumstances make it unclear […]. The post Canadian Real Estate Is Now A Bubble On Top of A Bubble: US Federal Reserve appeared first on Better Dwelling.

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Should You Buy a New Car if You’re Also Thinking About Buying a New Home? You May Want to Wait

Lighter Side of Real Estate

You need a new car. You need a new home. But will buying the former impact your ability to buy the latter? A recent article from realtor.com outlined the ways taking out a car loan could impact your ability to get a mortgage (and to get the best rate on that mortgage), including: Changing your credit score. When you apply for a car loan, it’ll show up as a hard inquiry on your credit report.

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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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Wells Fargo to pay $250 million for “reckless practices”

Housing Wire

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week. According to the OCC, the fine is also a result of the bank violating the terms of a 2018 compliance consent order , which alleged that Wells Fargo did not implement or maintain a compliance risk management program proportionate with the bank’s size, complexity and risk pro

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Canada’s Economy Hits A New Record For Dependency On Real Estate Investment

Better Dwelling

The Canadian economy defied odds, and became more dependent on real estate investment. Statistics Canada (Stat Can) residential investment data shows a surge in current dollars for Q2 2021. The most recent quarter showed a massive climb — much bigger than GDP in general. This pushed residential investment’s share of the economy to a new […]. The post Canada’s Economy Hits A New Record For Dependency On Real Estate Investment appeared first on Better Dwelling.

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The Real-Life Home Alone House: Then and Now

Fancy Pants Homes

Home Alone, the cult classic comedy which turned Macaulay Culkin into one of the most recognizable child actors ever, is as present on our TV screens now as it was when it was first released in November 1990. The story of eight-year-old Kevin McCallister — who, accidentally left behind by his family during the holidays, is forced to defend his home from two dimwit burglars — is arguably the best Christmas movie of all time.

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UWM launches AMC-free appraisal program

Housing Wire

United Wholesale Mortgage (UWM) announced today that it will no longer require its brokers to use appraisal management companies to complete appraisals. The Pontiac, Michigan-based wholesale lender will instead coordinate appraisals in-house, contracting with appraisers directly, offering appraisers and brokers a way to bypass AMCs altogether, which UWM CEO Mat Ishbia characterizes as “middlemen.”.

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Understand Your Options To Avoid Foreclosure

Keeping Current Matters

Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time ( see graph below ), that’s little comfort to those individuals who are facing challenges today.

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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 Piece of Napa Valley History

Sotheby's International Real Estate

As entwined in the history of the Napa Valley as the abundant vines cultivated there, this stone and shingle residence—sitting at the heart of an enchanting half-acre—represents the opportunity to own a piece of wine country yore. Constructed in the 1890s to house the Esmeralda Winery, which supplied the landmark Palace Hotel, the building was tastefully redesigned in 2007 by the highly acclaimed firm of Fisher Weisman.

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Building Materials Prices: Large Increases Year-To-Date

Eye on Housing

According to the most recent release of the Bureau of Labor Statistics Producer Price Index (PPI), the prices of goods used as inputs to residential construction including and excluding energy have risen 19.0% and 12.0%, respectively, year-to-date (YTD). In contrast, the index for final demand goods has climbed 7.2% and that for final demand goods less food and energy is.

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Mortgage lenders need to lean in to consumer expectations

Housing Wire

When it comes to consumers’ growing desire for a seamless, fully digital home-buying experience, coupled with COVID-19’s influence on buying behaviors, it’s safe to say there truly is “no turning back.”. The pandemic had a profound impact on the home-buying experience. Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers.

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Household Savings Data Shows Only Canada’s Top Earners Are Thriving

Better Dwelling

Canada’s household savings rate soared, as generous benefits met few places to spend. At least, that was the narrative. Statistics Canada (Stat Can) data shows most households saved very little in 2020. The top two-fifths of incomes are responsible for Canada’s elevated savings rate. The bottom two-fifths of households didn’t save anything at all, but […].

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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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Swing Life Away: 5 Homes with Delightful Front Porches

Sotheby's International Real Estate

More than mere introductions, the front porches of these homes are destinations in their own right, perfect for relaxing and appreciating their settings and the best of every season. Colonial Charm in Greenwich. Greenwich, Connecticut | Carol Clarke, Sotheby’s International Realty – Greenwich Brokerage. Just minutes from the restaurants and shops of Greenwich Avenue, this delightful historic townhouse begins with a breezy classic front porch.

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5 Ways to Passively Invest in Real Estate

Realty Biz

If you’re looking for proven ways to beat inflation and generate wealth, real estate is likely your best bet. According to the Federal Reserve Bank of San Francisco , real estate investing offers many advantages over other investments — including stocks. Over time, the Fed says, real estate values appreciate more, and real estate investments enjoy unique tax advantages.

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FHFA requires GSEs to submit annual equity plans

Housing Wire

The Federal Housing Finance Agency (FHFA) will require the government sponsored enterprises to submit annual plans to advance equity in housing finance for the next three years. The first annual plan, which the GSEs must submit and implement in less than four months, must specifically include plans to reduce the racial or ethnic homeownership gap and reduce underinvestment or undervaluation in areas that were formerly redlined.

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Inventory Watch

BubbleInfo

The number of pendings has increased in each of the last four weeks, and by next week could exceed the number of active listings again. The rest of the year should be exciting! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC (La Jolla to Carlsbad) Under $1,000,000 Market Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of Pendings Jan 6, […].

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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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Canadian Election Promises Will NOT Improve Real Estate Affordability: Top Economists

Better Dwelling

Canadian politicians promise to “fix” housing affordability if elected this year. Just one problem — all of their plans will increase home prices, not make them more affordable. That’s the take from Finder‘s 15-person monetary policy panel. The Fintech regularly polls Canada’s top economists for their take on monetary policy.

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Gen Z is far more open to homeownership than millennials [study]

The American Genius for Real Estate

(REAL ESTATE) After years of hearing how millennials delay homeownership, it's refreshing to hear Gen Z has a totally different perspective. The post Gen Z is far more open to homeownership than millennials [study] appeared first on The American Genius Real Estate.

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Biden affordability efforts make no waves in housing industry

Housing Wire

Last week, the Biden administration unveiled a multi-pronged proposal for federal agencies to address the lack of housing inventory, ahead of action from Congress. While the announcements didn’t include any major new programs, federal agencies will restart programs that previously lapsed, such as the U.S. Treasury and the Department of Housing and Urban Development ’s risk-based sharing program, and increase funding to existing programs.

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San Diego Home Prices To Keep Rising

BubbleInfo

Hat tip to Rob Dawg for sending in the second forecast that is predicting our home prices will continue to rise: While home price changes on the local level vary, July gains across all of the top 10 metros surpassed their 2020 levels. However, metro areas where affordability constraints are prevalent continue to persist as prices […].

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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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#337: Habits are Overrated, with Kristen Berman

Afford Anything

F.I.R.E. holds four pillars: Financial psychology, Investing, Real estate, and Entrepreneurship. This September, we’re running four weeks of episodes focusing on each of these four pillars. Each episode is curated from the best interviews out of the 335+ episodes within our archives. Today, we kick off with an episode focused on financial psychology.

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Who Has The Best Junk Removal Services

Maximum Exposure Real Estate

Who Are The Best Junk Removal Companies Are you going to be selling your home and have junk you need to get rid of? Do you want to hire one of the top junk removal companies? Most people have more junk in their homes than they realize, so when it comes to moving, there will […]. The post Who Has The Best Junk Removal Services appeared first on Massachusetts Real Estate Exposure.

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Mortgage applications continue downward trend

Housing Wire

Mortgage application volume declined by 1.9% as of Sept. 3, falling to its lowest level since mid-July, according to the Mortgage Bankers Association’s weekly survey published on Wednesday. On an unadjusted basis, MBA’s index decreased by 3% compared to the previous week. Pushing the decline was the refinance index, which dipped by 3% from the previous week and was 4% lower than the same week year-over-year, the MBA said.

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Home-Price Forecasts for 2022

BubbleInfo

The YoY change in the San Diego Case-Shiller Index in June was 31% higher than the national 10-city index. If we apply the same 31% to next year’s national forecast of roughly +5%, the San Diego home-appreciation rate in 2022 should be around 6.55% – though, if you ask me, it will more likely be […].

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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.