Housing Wire

JUNE 14, 2021

Mortgages in forbearance fell for the 15th consecutive week last week to 4.04% of servicers portfolio volume ? a 12 basis point decline , according to a survey from the Mortgage Bankers Association. As of June 6, the MBA now estimates 2 million borrowers are still in some form of forbearance. Last week witnessed a steeper drop than in previous weeks, likely the result of many borrowers reaching their 15-month expiration date, said Mike Fratantoni, MBA’s senior vice president and chief econ

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Keeping Current Matters

JUNE 14, 2021

In a normal market, it’s good to have an experienced guide coaching you through the process of buying or selling a home. That person can advise you on important things like pricing your home correctly or the first steps to take when you’re ready to buy. However, the market we’re in today is far from normal. As a result, an expert isn’t just good to have by your side – an expert is essential.

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Housing Wire

JUNE 14, 2021

The recent action in the 10-year bond yield has puzzled many people, but it looks wonderful to me as it shows that the U.S. economy is leading the world out of the recession. When I wrote the America Is Back economic model on April 7, 2020, the bond market was already signaling that the economy and housing would be ok. In addition to the bond market yield action, responsible lending post-2010 gave me confidence that forbearance was not going to be the negative issue that many had hoped for.

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Better Dwelling

JUNE 14, 2021

Lumber prices are still making a nose dive, as supply catches up and demand softens. Last week we mentioned lumber prices have officially crashed from their all-time high. This week BMO economist Carl Campus wrote to clients that prices have fallen below US$1,000/mbf. This is the first time it fell below that mark since March. […]. The post Soft Demand For New Housing Crashed Lumber Prices Over 40% In Just 38 Days: BMO appeared first on Better Dwelling.

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Housing Wire

JUNE 14, 2021

This is Part I of a deep dive into the home appraisal industry, which has faced a growing number of claims of racial bias. Today we explore the origins of the appraisal industry and its current lack of diversity. In Part II, we will examine what hard evidence of bias exists, and the assumptions behind home appraising. Pat Turner’s mother was a child welfare worker in Suffolk, Virginia, during the Jim Crow era, who helped children of all races.

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Industrial As-is Finance 458

Realtor.com

JUNE 14, 2021

Getty Images Any tree hugger worth her bark knows that trees help the environment by supplying oxygen, improving air quality, conserving water, stabilizing the soil, and providing a habitat for wildlife. And let’s not forget that they also provide shade and beautify our homes. But did you know that healthy, mature trees on your property can directly affect your property’s long-term value, too?

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Better Dwelling

JUNE 14, 2021

Canadian inflation is marching higher, and so are the expectations for mortgage rates. Desjardins economics sees the 5-year posted rate having more room to rise than fall in the future. The institution has forecast the posted 5-year fixed-rate mortgage can rise up to 40% by 2024. While the posted rate is rarely the rate paid […]. The post Canadian Mortgage Rates Forecast To Rise Over 40%, Posted Rate Can Hit 7%: Desjardins appeared first on Better Dwelling.

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Fixed-rate mortgage Mortgages 132

Housing Wire

JUNE 14, 2021

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. Digital mortgage platform DocMagic Inc. is providing the eVault technology which will be integrated into Encompass eClose, ICE’s closing platform, the company said in a release.

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Technology Closing Lending Mortgages 397

Realty Biz

JUNE 14, 2021

According to the US commerce department, online retail sales have overtaken general merchandise sales. It is one of the critical hallmarks in the long trend that will usher e-commerce in replacing traditional brick and mortar consumer shopping. With the Covid-19 pandemic engulfing all countries, online shopping is more encouraged than ever to contain the scourge.

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Housing Wire

JUNE 14, 2021

Mortgage operations were a make or break component of every lender’s 2020 strategy, putting operational professionals in the housing economy to test in a turbulent market. As Chief Operating Officer at Waterstone Mortgage , Rich Tucker is no stranger to the challenges of last year as he led his team through a record-shattering few months. Shortly after his promotion from SVP – Loan Operation to Chief Operating Officer, Tucker received a HousingWire’s 2020 HW Insiders award.

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Loans Mortgages Closing Technology 391

Advertiser: Trellis

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.

Loans

Sotheby's International Real Estate

JUNE 14, 2021

The elegance, excitement, and prestige of equestrian sport are just a few reasons why horse events around the world continue to draw international crowds. From the enduring Kentucky Derby to the highly-anticipated Argentine Open Polo Tournament, equestrian events routinely attract elite clientele, drawn by both the spectacle and the equine lifestyle.

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Housing Wire

JUNE 14, 2021

Ohio-based Lanco Title Agency has joined forces with the Northwest Title group, bringing the two Buckeye State firms together. “The new affiliation will help provide Lanco Title with a greater depth of resources and support available to their customers,” the companies said in a release. Lanco Title, owned by Jon Clark, was founded in 1979, servicing the southeastern and central Ohio markets.

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Realtor.com

JUNE 14, 2021

Araya Diaz/Getty Images The longtime producer of “The Howard Stern Show,” Gary Dell’Abate , is looking to sink his teeth into a sale of his Old Greenwich, CT, home. The custom-built abode is now on the market for $3,195,000. Designed for its owner , who is known worldwide as Baba Booey, the Connecticut Colonial is located about an hour from the Sirius XM studios.

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The Mortgage Report

JUNE 14, 2021

More buyers are making cash offers in today's market. As a home buyer using a mortgage loan, how do you compete? Here are 7 strategies to help you win.

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Loans Mortgages Marketing 122

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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.

Sales

Maximum Exposure Real Estate

JUNE 14, 2021

What to Know About Buying New Construction Homes Are you thinking about buying new construction? The idea of buying a brand new house is appealing to many homebuyers. Going directly to the builder and being the first folks to live in a home offers advantages. However, buying a newly constructed home isn’t the same as […]. The post 15 New Construction Home Buying Tips: How To Buy a New House appeared first on Massachusetts Real Estate Exposure.

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Brownstoner

JUNE 14, 2021

This past year Brooklynites have been time traveling back to when Manhattan rents were $1,600 or $1,700 for a one-bedroom apartment in the West Village or the Upper East Side. A 27-year-old woman who sells advertising for NBCUniversal gave up her apartment in East Williamsburg and lived with family… Read More > The post Manhattan Is Cheap Again, and Brooklyn Isn’t appeared first on Brownstoner.

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Marketing 111

Better Dwelling

JUNE 14, 2021

Tales of big city buyers pushing prices higher in small towns has more data confirmation. Teranet, Ontario’s private land registry operator, conducted a study on provincial migration. They found existing homeowners migrated in record numbers over the past 3 quarters. Owners fleeing Toronto paid much more than the average migrating household as well.

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Land 111

Eye on Housing

JUNE 14, 2021

The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.4 months, according to the 2020 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time in 2020 was relatively unchanged from 2019, slowing down the upward trend since 2013. The average time to build multifamily homes varies with the number of.

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Construction 114

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.

Agents

GeekEstate

JUNE 14, 2021

[Note from editor: The “Mastermind Showc ase” highlights companies and news from members of the GEM. Today’s showcase: Valcre.]. Valcre is an appraisal platform for the commercial real estate industry. Their cloud database is available across devices for tracking assignments and datasets as well as accessing communications, reporting, and presentations.

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Commercial Industrial As-is 103

Realtor.com

JUNE 14, 2021

Photoboyko/Getty Images Fireworks? At 4 p.m. on a Tuesday? If you’re like us, you have probably noticed an increase in those loud and sparkly explosions usually reserved for special events. In some cities around the U.S., round-the-clock firecrackers have become the norm—and that’s a problem for those with pets. A barrage of booms may not be your cup of tea, but pet owners know that pyrotechnics can be especially stressful for their four-legged friends, who find the commotion startli

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The Mortgage Report

JUNE 14, 2021

The Mortgage Reports Podcast hosts a range of real estate and home loan experts to help you with every stage of the home buying process. Listen now!

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Realtor.com

JUNE 14, 2021

realtor.com Locals refer to this 2,657-square-foot home in Chicago as the Candyland House—a name it’s earned thanks to the home’s vibrant colors, inside and out. It’s now on the market for $600,000, after being in the same owners’ hands for nearly five decades. The owners are also the subject of a recent documentary, “So Late So Soon,” by Daniel Hymanson , who chronicled the 50-year relationship of the homeowners, two artists, Jackie and Don Seiden.

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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.

Agents

Brownstoner

JUNE 14, 2021

In the News A Rally in Brooklyn to Protest ‘State of Emergency’ for Trans Youth [NYT] New York Has a Housing Crisis. How Would the Mayoral Candidates Fix It? [NYT] As Battle Against Virus Wanes, Mayors Confront a New Challenge: Crime [NYT] Canarsie Hall of Fame Inducts Six New Members [BP] Kingsbrook Medical Center Stops… Read More > The post Daily Links: After Fatal Accident, Mayor Pledges $40 Million to McGuinness Boulevard Redesign appeared first on Brownstoner.

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Waterfront Properties

JUNE 14, 2021

This upcoming Father’s Day weekend, the Loggerhead Marinelife Center will be hosting their 10th Annual Run 4 The Sea. The run is to help raise awareness and raise money for endangered sea turtles and for ocean conservation. This year, the race will be a little different than previous years. The Run 4 The Sea is going virtual, and runners will get to pick its location.

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Brownstoner

JUNE 14, 2021

Owned by just two families since it was constructed at the turn of the 20th century, it is perhaps not surprising that this Crown Heights house is filled with original details including mantels, woodwork, a pier mirror and stained glass. In the Crown Heights North Historic District, 903 St. Marks… Read More > The post Estate-Condition Crown Heights Manse Brimming With Original Details Asks $3.4 Million appeared first on Brownstoner.

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RIS Media

JUNE 14, 2021

Michael Pappas, president and CEO of The Keyes Family of Companies, was recently elected to a two-year term as chairman of the board of directors for Leading Real Estate Companies of the World® (LeadingRE). “LeadingRE is comprised of premiere independent brokerages from across the world who lead in their local markets and are further strengthened through the global connections and resources of our network,” Pappas tells RISMedia. “Our members our deeply rooted in our communitie

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Agents

Brownstoner

JUNE 14, 2021

An affordable housing lottery has opened for a whopping 175 units at a nine-story building located at 2628 Fulton Street in East New York. The building, which the listing says will be completed in the summer of 2021, has an alternate address of 50 Pennsylvania Avenue and bears the… Read More > The post Affordable Housing Lottery Opens for 175 Units in East New York, Starting at $354 a Month appeared first on Brownstoner.

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First Team Real Estate

JUNE 14, 2021

Top-producing FirstTeam Real Estate agent Erin Williamson is not only the leader of the #1 team in our Anaheim Hills Office , she ranks in the top 1% of the MLS 1. A luxury real estate expert with a big heart, Erin gives back to her community not only through her service to local home buyers and sellers but through her extensive charity work and educational outreach for other Realtors as well.

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BubbleInfo

JUNE 14, 2021

It’s not going to be easy for people to judge the frenzy conditions, and as a result, there is going to be overshoot. Even the agents get in a frenzy groove and keep expecting that every house will get multiple offers and a bidding war – and the superior homes probably deserve it. But how […].

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RIS Media

JUNE 14, 2021

Today, Realogy’s CEO and President Ryan Schneider will participate in the Moody’s U.S. Housing and Housing Finance Executive Series. ‘The Real Estate Brokerage 2021: Beyond Traditional Brokerage, Growth and Change’ discussion is scheduled for 1:30 p.m. ET. The remarks will be webcast, with access instructions available on Realogy’s website under “Investors.” The webcast will be archived on the site for 90 days.

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Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales