Thu.Dec 09, 2021

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Mortgage rates move slowly despite tightening market

Housing Wire

Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and affordability, according to the latest Freddie Mac PMMS mortgage report. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published on Thursday. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates have moved sideways over the last several weeks, fluctuating within a narrow range.

Mortgages 502
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Two Reasons Why Waiting To Buy a Home Will Cost You

Keeping Current Matters

If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home. To determine whether you should buy now or wait another year, you can ask yourself two simple questions: Where will home prices be a year from now?

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Title insurance industry reports best quarter on record

Housing Wire

The American Land Title Association saw a 32.5% year-over-year increase in title insurance premium volume during the third quarter of 2021 according to ALTA’s Market Share Analysis , published on Thursday. During Q3 2021, the title insurance industry generated $6.8 billion in title insurance premium, marking the industry’s best quarter on record. Every state besides Oregon, which saw a miniscule 0.7% year-over-year decrease, saw an increase in volume as compared to the same time period last year

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The Bank of Canada Will Raise Interest Rates Early, Can Hit 11x The Current Rate: BMO

Better Dwelling

Canada’s oldest bank is accelerating its forecast schedule for the central bank. BMO sees the first interest rate hike in April, after yesterday’s announcement from the Bank of Canada (BoC). That would be 3-months sooner than previously forecast, and the first hike is just the beginning. The forecast shows the overnight rate rising as much […].

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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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How lenders can accelerate access to credit for marginalized communities

Housing Wire

Homeownership is one of the best ways for consumers to build wealth. Having equity increases net worth, allowing people to build long-term wealth that can be passed down through generations. Unfortunately, the path to homeownership isn’t always readily accessible to everyone. For those in marginalized communities, it can be much more challenging to achieve the American dream of homeownership.

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CFPB lets mortgage servicers collect on social media, but will they?

Housing Wire

CFPB Director Rohit Chopra. The new Consumer Financial Protection Bureau (CFPB) debt collection rule allows mortgage servicers to communicate with borrowers on social media, but the compliance risk may outweigh the potential reward. The CFPB’s rule went into effect Nov. 30. The watchdog agency said it would be looking very carefully at how debt collectors use the new means of contacting consumers, including through social media. “We’re not going to tolerate excessive emails, texts, or DMs,

Mortgages 393
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Canadians Opened 49% More New Mortgage Accounts Than Usual: TransUnion

Better Dwelling

Canadian households are on an epic mortgage borrowing spree. Data from TransUnion shows explosive growth for new mortgage originations in Q2 2021. Sparked by low rates, the surge reveals that excess demand has played a significant role in exhausting supply. Canadian New Mortgages Jumped 49% Canadian mortgage originations made a sharp increase from historical levels. […].

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Stavvy’s Jeremy Potter on streamlining servicing through technology in 2022

Housing Wire

The HousingWire award spotlight series highlights the companies that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Tech100 award are now open through next Friday, December 17, 2021. Click here to submit your company. With the remaining COVID-19 forbearances expected to expire by the end of the year, many servicers will be tasked with finding solutions to support the estimated 1 million homeowners still in forbearance.

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Feast Your Eyes on a Shade You’ve Never Seen: Pantone’s 2022 Color of the Year

Realtor.com

Realtor.com / Pantone We’re just going to say it: It’s been a year. In fact, it’s been a couple of years, which means we truly deserve a respite in the form of something pretty to gaze at for a change. Fortunately, the global color experts at Pantone have got us covered, with their 2022 Color of the Year—and this time, she’s a beaut. Behold: “Very Peri,” a gorgeous periwinkle that could inject a bright spot into your day.

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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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6 Factors To Consider Before Building A Post-Pandemic Home

Realty Biz

Since time immemorial, architects have had to design homes according to personal styles, current trends, government regulations, and topography. With the spread of the Coronavirus (Covid-19), lifestyles and daily routines were irreversibly changed. Working from home became the norm, going to the gym was restricted, and social outings were banned. The post-pandemic architecture will have to address safe and healthy environmental requirements.

Design 104
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How to choose the right type of refinance for you

The Mortgage Report

It can be challenging to pick the best type of refinance loan for your situation, but this guide will help you understand your best refinance options.

Loans 115
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Should You Buy or Sell a House in 2022? Don’t Base Your Decision on Headlines Alone

Lighter Side of Real Estate

Whether you’re at a party, family get-together, work, or just talking to a neighbor, there’s a good chance you’ll hear people talking about how crazy the real estate market’s been. And you’ll probably hear people’s opinions on whether it’s a good time to buy or sell a house. But what are they basing their opinion on? Sometimes it’s just based on what they’ve heard second (or third) hand from a friend or family member.

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Job change? You can still get mortgage-approved

The Mortgage Report

Changing jobs probably won't jeopardize your mortgage approval, but switching careers might. Understand how lenders will view your move.

Mortgages 116
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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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Events in Southern California January 2021

First Team Real Estate

After the excitement of the holidays has settled down, there are still tons of January events in Southern California to enjoy. Including events in Orange County, LA, San Diego, and into the Inland Empire, this month brings Lunar New Year celebrations, MLK Day festivities, film festivals, and more. The fun never ends in SoCal! January Events in Orange County: My Fair Lady at ??

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Quiet Waters Park – Boca Raton

Waterfront Properties

Take a step away from all the shopping, wrapping, baking, and decorating this weekend. Find a quiet place to decompress. Quiet Waters Park is a 430-acre Broward County Park located at 401 South Powerline Road in Deerfield Beach. Deerfield Beach is a city just south of the Palm Beach County line near Boca Raton. The city is named for the numerous deer that once roamed the area.

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State Seeks Input From Brooklynites About ‘Barrage’ of Speculators Seeking to Buy Houses

Brownstoner

Legislation recently signed into law by Governor Kathy Hochul could make Brooklyn a real estate “cease-and-desist” zone following a public input period just launched by the state. The legislation, sponsored by Brownsville Assembly Member Nick Perry and central Brooklyn State Senator Kevin Parker, was signed by Hochul in early… Read More > The post State Seeks Input From Brooklynites About ‘Barrage’ of Speculators Seeking to Buy Houses appeared first on Brownstoner.

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Waterfront French Bistro - Jupiter

Waterfront Properties

Look no further for a French bistro on the waterfront in Jupiter. Le Cafe des Artistes French Bistro, located at 318 South U.S. Highway One, Jupiter, is home to a respected, timeless Parisian-style bistro. The direct from Paris café is set on the harbor of Jupiter Yacht Club Marina along with al fresco dining on the waterfront or fashionable indoor seating.

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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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Why Real Estate Agencies Should Consider Page Rank

Realty Biz

Marketing your real estate company involves so many different factors. Digital marketing alone, which is one of the primary methods for business marketing today, is complex and complicated. How one goes about doing this is a comprehensive task. As a result, many realtors choose to focus on just one or two specific goals when it comes to their digital marketing.

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Resort-Style Ranch: Fantastic $7.5M Texas Property Is Like a Theme Park

Realtor.com

Realtor.com A property the listing agent has dubbed “the Disneyland of Texas ranches” awaits some buyers ready to spend $7.5 million—and to host their entire extended family. The mammoth ranch sits on almost 200 acres in Somerville, TX. “Every room has a theme. There’s been so much thought put into this property—and so much Texas history,” says the listing agent, Christy Huckaby with Douglas Elliman Real Estate.

Design 94
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Coldwell Banker Around the World: December 2021

Coldwell Banker

From the land of Cleopatra and Pharaohs, archaeologists and world treasures, where myths and truths weave a magical web of histories, we journey to Egypt and get to know Coldwell Banker Egypt. The post Coldwell Banker Around the World: December 2021 appeared first on Coldwell Banker Blue Matter.

Land 92
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Micro-Condos: Detailed Luxury and Unique Features in the Heart of Philadelphia

Point2Homes

Fully furnished and move-in ready, this micro-condo in the heart of downtown Philadelphia has recently been renovated and boasts luxurious finishes and customized touches. Its sleek color palette and high-end details, as well as its excellent use of space, make it a great place to relax and unwind or entertain a few guests. Located in the highly desirable Washington Square West neighborhood, this Philly condo offers easy access to fantastic restaurants, shops and entertainment options.

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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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Bay Ridge Row House With Wood Floors, Built-ins, Laundry, Yard Asks $4,500 a Month

Brownstoner

With three floors of living space, some period details, a private yard and laundry, this Bay Ridge row house offers more than a few amenities to appeal to potential renters. The early 20th century house at 233 87th Street has an attractive bow-fronted exterior set back from the sidewalk by… Read More > The post Bay Ridge Row House With Wood Floors, Built-ins, Laundry, Yard Asks $4,500 a Month appeared first on Brownstoner.

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Ask Brian: Whose Name Should the House Be In After a Divorce?

Realty Biz

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Brent in WI: Hi Brian, I was divorced six months ago, and my ex got the house in the settlement. I agreed to that but now I’m concerned because the mortgage is still in my name.

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The Insider: In Carroll Gardens Townhouse Gut, Upper Duplex Becomes High-End Rental Unit

Brownstoner

When Carroll Gardens homeowners, along with architect Dan Kaplan of Gowanus-based Bowerbird Architects, went full throttle on a comprehensive gut renovation of a vintage four-story brownstone, they kept the building's original configuration: two duplex apartments. The lower two floors of the building, which became the owner's three-bedroom apartment, covered here… Read More > The post The Insider: In Carroll Gardens Townhouse Gut, Upper Duplex Becomes High-End Rental Unit appeared firs

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Mortgage and refinance rates today, Dec. 9, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates held steady yesterday as some key markets took a breather. And that breather seems to be continuing this morning. Because mortgage rates […].

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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.