Tue.Oct 26, 2021

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Inside Zillow’s misadventures in iBuying

Housing Wire

Zillow CEO Rich Barton. Antonio Pellegrini was stunned. In May the real estate agent listed a two-bedroom home in Fountain Hills, Arizona, 30 miles north of Phoenix, for $342,000. After 25 days on the market, there were no takers for the 1,400-square-foot home and Pellegrini counseled his client about potentially lowering the listing price. Then Zillow came along.

Agents 529
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There Are More Homes Available Now than There Were This Spring

Keeping Current Matters

There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes for sale as we move into the end of the year. The Number of Homes for Sale Usually Peaks in the Fall. In the residential real estate market, trends generally follow a predictable and seasonal pattern.

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Home price growth remained at record pace in August

Housing Wire

After four consecutive months of record growth, annual home price growth remained steady from July to August, according to the latest S&P CoreLogic Case-Shiller National Home Price Index report released Tuesday. The index showed a 19.8% annual gain for the year ending in August 2021, remaining the same as the previous month. This remains the highest annual rate of price growth since the index began in 1987.

Finance 433
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Nearly 30% of Canadian First-Time Home Buyers Received “Gifts” For A Down Payment

Better Dwelling

Canada is making a triumphant return to feudalism, where homeownership requires family wealth. A CIBC Capital Markets analysis shows 30% of first-time homebuyers received a down payment “gift.” Not a little help either, but it was the primary source of funds for the majority that received a gift. It’s now occurring at such a scale, […]. The post Nearly 30% of Canadian First-Time Home Buyers Received “Gifts” For A Down Payment appeared first on Better Dwelling.

Marketing 135
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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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Digital mortgage platform Maxwell raises another $52.5M

Housing Wire

Seven months after a $16 million Series B round, digital mortgage platform Maxwell has raised $52.5 million in additional funding, the company said on Tuesday. The latest round was led by Fin VC , the venture capital firm that also led the Series B capital raise. Existing investors TTV Capital , Prudence , and Rotor Capita l participated in the round, as well as Wells Fargo Strategic Capital.

Mortgages 381

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HousingWire Annual Demo: Floify

Housing Wire

Floify Point of Sale. Floify is a point of sale system that helps mortgage professionals create a reproducible model for success, loan after loan. From application through clear to close, our system creates efficiencies that help producing agents move forward, faster. Product Fast Facts. #1. Interview-style 1003 application that produces a dynamic needs list automatically. #2.

Loans 378
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Mortgage and refinance rates today, Oct. 26, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates caught a break yesterday as they held steady. But they remain at their highest level since April. Still, previous generations wouldn’t have […].

Mortgages 121
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HousingWire Annual Demo: Snapdocs

Housing Wire

Closing Quality Control. Snapdocs is demonstrating a major milestone on the closing journey: Closing Quality Control. This new functionality automatically organizes all post closing documents into their appropriate folders in your LOS, and will ultimately resolve any missing documents, signatures & more. Product Fast Facts. #1. Borrowers enjoy a fast and convenient closing.

Title 366
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Lizzie Borden, JonBenet Ramsey, Sharon Tate: What Happens to Infamous Murder Homes?

Realtor.com

What happens to the most infamous murder homes where the vicious tragedies committed within attracted international fascination even decades later? The post Lizzie Borden, JonBenet Ramsey, Sharon Tate: What Happens to Infamous Murder Homes? appeared first on Real Estate News & Insights | realtor.com®.

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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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Is your LOS dated? Here are three ways to tell

Housing Wire

What does it take to deliver a next-generation LOS platform? You can’t just roll out the next iteration of the system; you have to deliver a truly new software platform. In this article, you will learn about the goals your LOS should help you reach, as well as discover three ways to tell whether the LOS you’re using today is next generation or not. The most critical goals of the lender’s LOS.

Loans 373
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Bidding wars decline for 5th straight month

Realty Biz

Bidding wars declined again in September for the fifth successive month in a further sign that the housing market is becoming ever so slightly less competitive. That’s according to a new report from Redfin, which found that 58.9% of offers submitted by its agents on behalf of clients had to compete with other bids. Although that still means more than half of all buyers faced bidding wars, it’s also the lowest level so far this year and almost on a par with September 2020, when 58.3% of bids face

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Lawsuits, red tape & interest rates: Do mortgage JVs have staying power?

Housing Wire

This is part two of a two-part series on joint ventures in the housing industry. To read the first part of this series, go here. On a sunny, serene fall afternoon, the Chicago neighborhood of Ravenswood featured quiet socializing on outdoor brewery patios, cyclists of all ages, and, hidden alongside the elevated train tracks, the headquarters of mortgage lender Guaranteed Rate.

Mortgages 375
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Frenzy Season, 2022

BubbleInfo

The NFL added a 17th game this year, and pushed back the Super Bowl to the second weekend of February. It will be about as long as buyers can wait, and the following weekend should be gang-busters. If you’re not putting your home on the market in the next 2-3 weeks, then February 19th would […].

Marketing 105
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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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What Microsoft’s new cloud platform means for mortgage

Housing Wire

Bill Borden, corporate vice president of worldwide financial services at Microsoft. Tech giant Microsoft plans to launch a new cloud-computing offering targeting the financial-services market on Nov. 1 as part of an effort to further bolster its fast-expanding cloud business. The secondary market may want to take note. The Microsoft Cloud for Financial Services has been operating in a preview mode since March, with lenders like Navy Federal Credit Union and Virgin Money UK among the first financ

Mortgages 371
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Best Indoor Plants for Clean Air

Point2Homes

In a time where we’re being exposed to more pollutants than ever, keeping the air in your home clean is essential. From laundry detergents, disinfectants and cleaning products to building materials and even street traffic, indoor air can become saturated with many substances that are harmful to your health. Houseplants are a great way to remedy that.

As-is 98
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A second reverse lender is targeting Gen X with private-label products

Housing Wire

Leading reverse mortgage lender Finance of America Reverse (FAR) has lowered the minimum qualifying age for its “HomeSafe” suite of proprietary reverse mortgage products to 55 in the majority of the states in which the suite is available, Reverse Mortgage Daily has learned. This makes FAR the second major reverse mortgage lender in the nation to lower the minimum age requirement on its proprietary, non-agency products.

Finance 351
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San Diego Case-Shiller Index, August

BubbleInfo

Lower volume could keep the index elevated. We had 382 sales last October, and today we’re at 189 for the month with four days to go plus late-reporters. We should end up with about the same as in 2019 (240). San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg Jan ’20 […].

Sales 98
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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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HousingWire Annual Demo: Evocalize

Housing Wire

Collaborative Marketing Platform. Evocalize’s technology makes it simple for corporate teams and technology platforms to unlock the power of sophisticated digital marketing for loan officers, brokers and real estate agents. Enable loan officers and agents to drive leads and revenue with easily customizable, automated programs built on best practices and data.

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Luxury Agent Spotlight: Laguna Beach Expert Farzan Parvizi

First Team Real Estate

Having personally closed nearly $48 million in residential real estate sales in the past year, First Team Real Estate agent Farzan Parvizi serves a wide variety of high-end clientele in Laguna Beach and beyond. Representing clients in some of the company’s most exclusive luxury sales, Farzan holds the record for the highest First Team sale of 2021, bringing the buyer for 31371 Coast Hwy in Laguna Beach, closing sale at $14,450,000.

Agents 98
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HousingWire Annual Demo: First American Docutech

Housing Wire

Solex® eClosing. At First American Docutech, we’ve reimagined the closing and settlement process. Our end-to-end eClosing solution was designed for borrowers, lenders, and settlement agents. We understand that increasing settlement agent adoption is key to the success of an eClosing strategy and now automatic settlement adoption is possible. From hybrid to full RON eNote eClosings, with First American, lenders can make every loan as “e” as it can be from application through post-closing.

Loans 284
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Italian Renaissance Spa – The Breakers, Palm Beach

Waterfront Properties

Indulge in the relaxation of an Italian Renaissance inspired spa in Palm Beach. The Breakers Palm Beach is a legendary twin towered resort with an award-winning spa. Be swept off your feet at the exquisite indoor/outdoor spa. The spa features 17 treatment rooms, eight salon stations and a fitness center with ocean views. The gorgeous Italian Renaissance-styled hotel is a great vacation destination.

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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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HousingWire Annual Demo: Capacity

Housing Wire

Capacity. Capacity is an AI-powered mortgage support automation platform that connects your entire tech stack to answer questions, automate repetitive support tasks, and build solutions to any business challenge. Capacity provides everything you need to support your borrowers, sellers, and support staff in one powerful platform. Product Fast Facts. #1. 24/7 automated support for borrowers, sellers and support staff . #2.

Loans 267
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Halloween Weekend Activities – Palm Beach and Martin County

Waterfront Properties

We are down to the wire; Halloween is this weekend. If you do not yet have plans or a party to attend, both Palm Beach County and Martin County have some options that might interest you and your goblins. Palm Beach County: Franken Fountain Light Show: Thursday, October 28th at the Centennial Foundation on Clematis Street. Pumpkinpalooza: Thursday, October 28th through Sunday, October 31st at The Palm Beach Zoo.

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Buying a Home in Your 20s? Here’s Everything You Need To Know

Realtor.com

Buying a home in your 20s helps you build wealth as you get older. Here are the crucial things to consider if you're in that age bracket and thinking to dive in. The post Buying a Home in Your 20s? Here’s Everything You Need To Know appeared first on Real Estate News & Insights | realtor.com®.

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Coldwell Banker Around the World: October 2021

Coldwell Banker

Vistas, sounds, scents, flavors and tactile touches—all of your senses will be aroused in this European sovereign nation, the world’s second-smallest country (only Vatican City is smaller). Put on your natural fiber clothes (that will blow in the breeze), slip on your softest, supple shoes (so you can stroll along the walkways), perch your dark oversized sunglasses on your nose, casually, of course (for privacy or to create mystery), and don that woven floppy hat, too (if you dare), all to elici

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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.