Mon.Mar 15, 2021

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Are we seeing a cash-out refinance crisis?

Housing Wire

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. Cash-out loans have been growing over the past few years and it is also true that we have a recent history of excessive equity extraction factoring in a bust in housing.

Equity 541
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How to Make a Winning Offer on a Home

Keeping Current Matters

Today’s homebuyers are faced with a strong sellers’ market , which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical stage of the homebuying process. 1.

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Where real estate agents fit into Zillow’s grand vision

Housing Wire

Zillow is the elephant in the room, and Mynor Herrera doesn’t know whether to feed it, ignore it, or find a mouse. Herrera at first felt he needed to work with Zillow, and he sent a check to the company each month in exchange for leads. But the head of Mynor & Associates , a Keller Williams affiliate in Bethesda, Maryland, grew frustrated. “We used to attribute 25% of our business to Zillow,” Herrera said.

Agents 492
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How Blockchain Technology Is Revolutionizing The Property Market

Realty Biz

Image Credit: Unsplash. While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Blockchain enables ledgers, records, and transactions to be recorded and tracked across a decentralized computer network. Because the blockchain is always updated instantly in real-time, the network will only ever have access to the most recent copy which is always accessible to each member at all times.

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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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Mortgage forbearance ticks down to 5.14%

Housing Wire

The industry is now less than two weeks away from the one-year anniversary of the CARES Act, which provided borrowers with federally backed mortgages the option to receive forbearance for up to 180 days. After many extensions and exits, the Mortgage Bankers Association estimates 2.6 million homeowners are still in some form of forbearance, though that number continues to slowly fall.

Mortgages 473
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Canadian Real Estate Prices Rise By Tens of Thousands Just Last Month

Better Dwelling

Canadian real estate prices are making huge leaps higher, and not just in big cities. Canadian Real Estate Association (CREA) data shows prices hit a record in February. Rapid price growth is nothing new, but where it’s occurring is. Big cities, that typically lead the market, are seeing prices rise quickly. However, it’s nothing compared […].

Marketing 139

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Strong Single-Family Permit Gains in January

Eye on Housing

Over the first month of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 83,921. On a year-over-year (YoY) basis, this is a 19.2% increase over the January 2020 level of 70,386. Year-to-date ending in January, single-family permits reported increases in all four regions. The relatively more affordable Midwest reported the strongest increase of 21.5%, followed by.

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In UWM’s war with Rocket, brokers must choose a side

Housing Wire

Before Thursday, March 4, John was an unabashed fan of United Wholesale Mortgage. His West Coast brokerage shop sent tens of millions of dollars in loans to the wholesale mortgage giant in recent years. He loved their turn times, found their pricing to be competitive, and had good things to say about his account executive. He also believes UWM President and CEO Mat Ishbia is sincere when he says the ultimatum was issued to protect the broker channel from existential threats , specifically from R

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What’s the cheapest way to buy a house? 7 Strategies

The Mortgage Report

Looking for the cheapest way to buy a house? Here are seven strategies that can help you become a homeowner much faster than you thought possible.

Mortgages 132
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Blend breaks into title insurance with latest acquisition

Housing Wire

Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. Subject to closing conditions, Blend anticipates to finish the deal by the end of the second quarter in 2021, leaving nearly 10% ownership interest to Mr.

Title 387
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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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The House in the Notebook — Allie’s Dream or a Real Home?

Fancy Pants Homes

Nicholas Sparks is known for making people cry. Not because he’s a bad guy though. Sparks is one of the most famous contemporary romance writers, with 11 of his bestselling novels turned into box office hits. And while they are all quite swoon-worthy, none of them can compete with The Notebook, the 2004 movie starring Ryan Gosling and Rachel McAdams that became one of the most heartwarming love stories of our time.

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Homebuyer Ages

BubbleInfo

There is a real curiosity about who the buyers are, yet there isn’t much information available about the demographic trends. So I thought this was an interesting factoid. My YouTube video of the listing in 4S Ranch has been seen 363 times, which is a good sample size and quite a bit above normal – […].

Marketing 105
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StarChefs Rising Stars in Southeast Florida 2021

Waterfront Properties

All local Southeast Florida “foodies” should pencil in Miami Rising Stars Restaurant Week March 17 – March 31, 2021. Four times a year, StarChefs’ Rising Stars Magazine delivers recipes, trends, beverage knowledge, new techniques, and a fresh dose of culinary inspiration. The StarChefs’ team covers four American cities, Miami, Los Angeles, Chicago, and Dallas, and shift through and determine the best each talented up-and-coming food and beverage professionals.

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Daring You To Buy

BubbleInfo

In the last couple of weeks, you may have seen prices on new listings reflecting today’s exuberance. Homes that are priced attractively will generate the crowds, and likely get bid up over list. Others are listed for a price that raises an eyebrow. In areas where we’ve seen 10% to 20% appreciation in the last […].

Agents 102
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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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The Best Car Shipping and Auto Transportation Companies (Video)

Maximum Exposure Real Estate

What to Know About Car Shipping and Auto Transport Did you just sell your home and are being relocated across the country? Do you need to find a top car shipping company? When you move from one home to another, you might need to ship cars to your new address. When searching for shipping car […]. The post The Best Car Shipping and Auto Transportation Companies (Video) appeared first on Massachusetts Real Estate Exposure.

Marketing 101
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Four Factors That Influence Profits From Flipping Homes

Agent Drive

Making money flipping homes is the perfect opportunity if you have a knack for buying properties, renovating them, and selling them for a big payday. However, if you want to make money, it would be better if you have the right skills in real estate investing while at the same time partnering with a competent and […]. The post Four Factors That Influence Profits From Flipping Homes appeared first on AgentDrive.

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Mortgage and refinance rates today, March 15, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose appreciably on Friday. So it was yet another example of rates ending a week higher than they started it. However, bear […].

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Karen Copeland of First Team Real Estate Closes $5.3 Million Commercial Sale

First Team Real Estate

HESPERIA, CA – First Team Real Estate High Desert office agent Karen Copeland recently completed the sale of a retail commercial center in Hesperia, CA , successfully representing both the seller and the buyer in the transaction. Selling the center for the full list price of $2.65 Million, with both sides, the gross sale amounts to a total of $5.3 Million.

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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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Dominate Your Market by Making a Positive First Impression

RIS Media

With Real Estate Webmasters, Opportunities Abound for Mid-Atlantic Firm . Northrop. As Founder and CEO of Northrop Realty in Clarksville, Maryland, Creig Northrop’s goal is to teach others to be better than they were yesterday. “If you grow your people, you will grow your company,” says Northrop, who has spent the past 35 years implementing this very philosophy.

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Home inspections do more than list issues within a home

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Home inspections do more than list issues within a home. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Many Realtors and sellers dread what may be uncovered during a home and property inspection.

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9 Shocking New Facts About Chip and Joanna Gaines (Thanks, Oprah)

Realtor.com

Discovery+ Chip and Joanna Gaines gained megafame on their hit show “ Fixer Upper ,” yet despite their countless hours of reality TV airtime, there’s still a lot you don’t know about this couple. And who better to delve into these brand-new revelations than Oprah Winfrey ? Fresh off of her bombshell interview with Prince Harry and Meghan Markle , the queen of media sat down with Chip and Jo on her new Discovery+ series, “Super Soul,” where the couple opened up

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Keli James Team: Committed to Strategies That Work

RIS Media

Four years as an airman in the U.S. Air Force gave Keli James, team leader of the Keli James Team at eXp Realty, a sense of commitment and confidence, not to mention a great appreciation for teamwork. Add to that a post-service stint as an accounting professional skilled in negotiations, and it not surprising that she decided to put all those assets to work for her building a successful career in real estate.

Agents 98
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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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States and Construction Trades Most Reliant on Immigrant Workers

Eye on Housing

Last week, we published a post highlighting a continuing high reliance of construction on immigrant workers that now account for 24% of the construction work force. The share is much higher, reaching 30%, among construction tradesmen. In some states, reliance on foreign-born labor is even more pronounced with immigrants comprising close to 40% of the construction workforce in California and.

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How to Maintain a Successful Joint Venture Long-Term

RIS Media

The name says it all. A joint venture partnership is just that: a partnership. Any successful long-term joint venture partnership depends on two equally involved entities mutually invested in the organization, financially and operationally. A partner who is only partially invested is only partially committed to the joint venture’s success. A long-term joint venture partnership depends on shared goals and an equal desire to achieve those goals.

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EXPI Q4 and Full Year 2020: Corner, Turned

Notorious ROB

This content is behind fabulous velvet ropes for Notorious VIP Subscribers only. Please login or sign up. Thank you! -rsh Monthly Subscription $ 20 Monthly Subscribe Now Annual Subscription $ 200 Annually (Save $40) Subscribe Now. The post EXPI Q4 and Full Year 2020: Corner, Turned appeared first on NotoriousROB.

Agents 96
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Winning the Listing on Your First Appointment

RIS Media

Dos and Don’ts to Maximize Your Opportunities When Meeting With Owners. Especially in a hyper-competitive listing market, it is important that you and your team members are on top of your game when meeting with owners for a potential listing. This means not only being prepared with information about the home and the market, but also having a strategy to immediately gain the owners’ confidence and commitment to select you as their real estate agent.

Agents 96
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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.

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US Real Estate Is Back At The Top of The List For Asia’s Buyers, Canada Fourth: Juwai

Better Dwelling

US real estate is once again the top spot for Asian buyers, according to China’s largest foreign property portal. Juwai crunched the numbers on the top destinations for Asia’s buyers, in its annual report. The US claimed the number one spot in 2020, after falling behind countries like Thailand in prior years. Canada managed to […].

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Forget Avocado Toast: Have You Tried Avocado Pesto?

RIS Media

(TNS)—One year into the pandemic, professional chefs around America have pivoted as much as almost any other industry professional. They’ve become grocers and style-setters and private club operators and ghost kitchen conjurers. They’ve also become much better, more sympathetic home cooks. Take David Kinch, whose restaurant empire includes the Michelin three-star Manresa in Los Gatos, California, and who has pivoted to mail-order bread for the time being.

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The Honda Classic 2021

Waterfront Properties

The annual PGA Golf Tournament that is held at PGA National Resort and Spa is back in Palm Beach Gardens this week. Some of the world’s top golfers have joined the Player’s Field and will be playing for the playing for the next, Honda Classic winner. For the past several years, the Honda Classic has been named the “Most Fan Friendly Event” on the PGA Tour.

Sales 93
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Derek Jeter Slices $2M From the Price of His New York Castle

Realtor.com

Rich Schultz/Getty Images The Baseball Hall of Famer Derek Jeter has cut the price of his castle in Greenwood, NY. Fit for baseball royalty, the massive vacation spot is now available for $12.75 million. The baseball legend purchased the property in 2005 for $1.2 million, while he was starring as shortstop for the New York Yankees. He then “lovingly restored” the idyllic estate, built in 1915, to a state “beyond its original grandeur,” the listing notes.

Land 91
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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.