Housing Wire
SEPTEMBER 14, 2020
Forbearance exits measuring how many borrowers cancelled agreements to suspend mortgage payments rose to a one-month high in September’s first week, led by a surge in loan modifications, according to a report from the Mortgage Bankers Association on Monday. Total exits from forbearance rose to 0.23% of servicers’ portfolios in the first week of September, almost double the 0.14% in the prior week, MBA said.
Keeping Current Matters
SEPTEMBER 14, 2020
There has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide. In a recent Realtor Magazine article , they discussed the issue and addressed comments made by Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “While migration trends were toward urban centers before the pandemic, real estate thought leaders have predicte
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Housing Wire
SEPTEMBER 14, 2020
Since the onset of COVID-19, the Twittersphere has been ripe with rumor and speculation that the financial requirements to qualify for a mortgage have become increasingly more rigorous since the crisis and this would put a damper on the housing market. Logan Mohtashami Lead Analyst. It is true that the COVID-19 crisis did temporarily wreak havoc on the mortgage market.
Realtor.com
SEPTEMBER 14, 2020
realtor.com When Kristen Kearney received a call about listing a condo in Lake Worth, FL, she said it wasn’t quite like other listing calls. “They warned me that the home was wallpapered in beer cans,” she says. “And I thought to myself, ‘Well, I wonder where in the world they found beer-can wallpaper.’”. When she first walked through the unassuming front door, she remembers the shock of seeing the walls of the 815-square-foot abode covered in actual beer cans.
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Housing Wire
SEPTEMBER 14, 2020
We are living in fast-changing times, and lenders that don’t embrace those changes will not compete well for business in a post-COVID-19 world. In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. But are all lenders equipped to make that transition?
The Mortgage Report
SEPTEMBER 14, 2020
The Fed adjourns from a 2-day meeting Wednesday. The group doesn't set mortgage rates but it can influence them. How this week's meeting could affect your refinance and purchase mortgage rate.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Eye on Housing
SEPTEMBER 14, 2020
The number of women employed in the construction industry grew substantially in 2019 rising to around 1.2 million, surpassing the peak of pre-recession employment level. As the construction skilled labor shortage remains a key challenge, adding new workers is an important goal of the industry. Bringing additional women into the construction labor force represents a potential opportunity for the future.
Housing Wire
SEPTEMBER 14, 2020
HousingStack is a real estate technology landscape that provides a dynamic visual that reflects the rapid changes in the sector. The HousingStack is exclusively for HW+ members. To join the HW+ community, go here. I’ve been asked to put together some recommendations on what a “brokerage technology stack” should look like as well as what teams and agents should be thinking about.
Better Dwelling
SEPTEMBER 14, 2020
Canadian households were in the biggest recession since the Great Depression, but it looks like an economic boom. Statistics Canada (Stat Can) data shows the household debt to income ratio dropped in Q2 2020. The ratio had grown to notoriously high levels in the past decade, which were wiped out overnight. The national statistics agency […]. The post Canadian Household Debt To Income Temporarily Plummets Due To Government Support appeared first on Better Dwelling.
Realtor.com
SEPTEMBER 14, 2020
Airbnb Remember “The Fresh Prince of Bel-Air,” the hit NBC show from the 1990s starring Will Smith as a streetwise teen from Philadelphia sent to live with his rich relatives in a gorgeous mansion in Bel-Air, CA? That iconic house has now returned to the limelight as an Airbnb rental. Starting on Sept. 29, Los Angeles County residents will have a chance to book one of five October stays in the Fresh Prince’s wing of the mansion.
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.
Point2Homes
SEPTEMBER 14, 2020
Almost overnight, our homes became our everything. But after forcing everyone inside, the pandemic laid bare the inadequacies and shortcomings of our homes. Families with children cooped up in two-bedroom apartments and people stuck in crammed studios had to live their entire life out of their living rooms and kitchens. Needless to say, this sudden change in lifestyle had a major impact on homebuyers’ needs and expectations.
The Mortgage Report
SEPTEMBER 14, 2020
Today’s mortgage and refinance rates Average mortgage rates nudged lower last Friday. So they remain within the uberlow range and within striking distance of the all-time low. Conventional loans today […].
Realtor.com
SEPTEMBER 14, 2020
realtor.com Some homes claim to be oceanfront, but this one on Scenic Road in Carmel, CA, really is. Ocean. Front. Listed for $14 million, the home is built into the rock, and is one of only a handful in the area located on the water’s edge. On the market for the first time in 40 years, it offers a rare opportunity to buy a home right on the water in the exclusive enclave.
The Mortgage Report
SEPTEMBER 14, 2020
Climate change is putting millions of homes at risk. Use these climate change maps and expert advice to help inform your next home buying decision.
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Homes.com
SEPTEMBER 14, 2020
Thinking of selling? Fall may be a good option for those who were hesitant to sell earlier this year due to the COVID-19 crisis. The post 5 Reasons Why Fall May Be a Great Time to Sell in 2020 appeared first on Homes.com.
Point2Homes
SEPTEMBER 14, 2020
Image: paul90g / Shutterstock.com. Selling your home can be a tricky process, a balancing act of selling for a fair price and getting your house off the market quickly. One of the best ways to achieve this balance is to put yourself in the shoes of your potential buyers. With that in mind, check out these 8 things that careful home buyers pay attention to while house hunting.
Brownstoner
SEPTEMBER 14, 2020
In the News Meet the Force Powering Brooklyn Hospital Center [NYT] Brooklyn Heights Roof Deck Makes for a Nice One-Room Schoolhouse [NYT] In New Development, Buyers Favor the Boroughs [NYT] De Blasio Downplayed Dire Extent of NYCHA Lead Poisoning Issue [NYP] Five-Alarm Fire Rips Through Three Homes in Dyker Heights [NYP] Greenwood Heights Teachers Blast Safety… Read More > The post Daily Links: Docs Show Harm to Kids From NYCHA Lead Poisoning Was Greater Than City Admitted appeared fir
RIS Media
SEPTEMBER 14, 2020
When schedules get busy, it’s easy to neglect your real estate CRM. However, your real estate CRM is the heart of your business—and an out-of-date contact list or overflowing to-do list makes it difficult to know where you’re at with your lead generation. By taking some time to get your systems in order, you create a more organized, profitable business that runs smoothly.
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.
Brownstoner
SEPTEMBER 14, 2020
A group of residents that has twice sued the city for a controversial makeover of Fort Greene Park is seeking answers about the future of the green space as officials keep mum despite seemingly moving forward with the embattled scheme. “We were left in the dark about all of this,” said… Read More > The post Fort Greene Park Redesign Moves Forward as Local Activists Seek Answers appeared first on Brownstoner.
RIS Media
SEPTEMBER 14, 2020
Leverage Your Virtual Skills to Enter New Markets. One of the things that we have learned in 2020 is that we can get a lot done in real estate even when not physically together. Given that reality, agents and teams should now be opening their minds to expanding their footprint beyond their “home base.” There is simply no reason to limit yourself to a confined market anymore, especially when your team is capable of operating both remotely and effectively across a wider geographic area
Realtor.com
SEPTEMBER 14, 2020
onurdongel/Getty Images After being homebound for months on end, many Americans are craving a bit more square footage, some outdoor space, and a home office or two—all the better to ride out the rest of the pandemic and beyond. But where can those seeking a bit more room go while still being within commuting distance of the big cities? They should probably head south.
RIS Media
SEPTEMBER 14, 2020
Video marketing in real estate is an essential part of every agent’s social media strategy. With COVID-19 still sweeping the country, more and more homebuyers are relying on videos to guide them through their home search. Though virtual home tours are a key feature, video should not be limited to just your listings. Curating videos with a more personal touch allows your followers to get a better idea of who you are as an agent…and a person.
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.
Brownstoner
SEPTEMBER 14, 2020
This 1890s Park Slope brownstone is lush with original woodwork and spacious -- and it offers an intriguing connection to a Brooklyn author of the era. Located just down the block from Prospect Park at 916 President Street, the four-story row house is on the market for the first time… Read More > The post Park Slope Brownstone With Literary Past, Pier Mirror, Built-ins Asks $6.25 Million appeared first on Brownstoner.
RIS Media
SEPTEMBER 14, 2020
Due to the coronavirus pandemic, remote work has been on the rise, and it could impact the homeownership rate. According to a new Zillow® analysis , the increase in remote work could potentially unlock homeownership for almost two million renter households. This potential highly depends on location and starter-home affordability. In San Francisco, for example, 22 percent of renters are priced out of their metro area, but they can afford monthly payments on a typical U.S. starter home (estimated
Waterfront Properties
SEPTEMBER 14, 2020
Palm Beach International (PBI) Airport announced it achieved GBAC STAR facility accreditation, ensuring proper cleaning protocols, disinfection techniques, and work practices are in place to combat biohazards and infectious diseases. This facility accreditation, which is administered by the Global Biorisk Advisory Council, a Division of ISSA, properly equips PBI for effectively combating reoccurring biohazards or infectious disease risks.
RIS Media
SEPTEMBER 14, 2020
Your home’s foundation must remain stable and secure because it literally supports the entire structure and all of its occupants. Luckily, most foundations, if built effectively, can last decades. Over time or due to major storm damage, though, a foundation may begin to show evidence of a damage. Here are four signs that your foundation may be in trouble: Sinking.
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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.
First Team Real Estate
SEPTEMBER 14, 2020
Buying real estate is not always an easy process, especially in today’s competitive real estate market flooded with buyers. There are many stages to the transaction from securing financing and negotiating prices to closing the sale – leaving plenty of time for mistakes to happen. A wrong move or misstep could not only delay your sale, it could come back to haunt you later.
RIS Media
SEPTEMBER 14, 2020
This year has seen a variety of changes across several industries due to the coronavirus, and that includes the real estate market. The environment has been busy but hindered by a lack of inventory and is now seeing more sellers get involved. According to a new Zillow’s recently Weekly Market Report pending sales are up 25.5 percent compared to the same week last year, and while total inventory is still tight, new for-sale inventory is up 16.2 percent month-over-month, increasing 17.6 perc
BubbleInfo
SEPTEMBER 14, 2020
Hat tip to Peter for sending in this article: CARLSBAD — The city finalized its policy regarding accessory dwelling units to reflect changes in state law. During its Sept. 1 meeting, the City Council approved amendments to the zoning and municipal codes, in addition to the Village and Barrio Master Plan and Local Coastal Program. The changes to […].
HomeLight
SEPTEMBER 14, 2020
Imagine buying your first house and getting ready to sit down at the closing table. There’s a stack of documents for you to sign, and as you skim through them, something confusing catches your eye. It’s a paragraph in one of your covenant documents that “come with the land” … and it says that someone with your racial or ethnic background is not allowed to own the property.
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.
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