Wed.Jul 28, 2021

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The homebuyer journey is changing – So should you

Housing Wire

The 2021 RealTrends Gathering of Eagles real estate conference captured our attention when the role and future of the real estate transaction process for a homebuyer were lively debated. Big players such as Zillow, Redfin, Compass… etc. claim dominance. We examine the need for complete vendor-provided software solutions vs. building in-house. We watch as consolidation transpires all-around.

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4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

Keeping Current Matters

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble this time. After the last housing crash, about 9.3 million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank.

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LO commissions take a hit as refi volume slumps

Housing Wire

Loan officers’ wallets slightly deflated in the second quarter, with commissions earned per LO decreasing by 6% year-over-year, according to LBA Ware ’s quarterly loan compensation report. Loan volume per LO also took a dive of 4%. The reason? Lenders have more LOs these days. “That meant that LOs had to share the loans a little bit,” said Lori Brewer, founder and CEO of LBA Ware.

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Video of the Week: Take a Virtual Tour of a Charming Creekside Home in Midway, Utah

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??. Midway, Utah | Josh Cottle & Diane Cottle, Summit Sotheby’s International Realty . This beautiful home is located in the Midway Valais, nestled at the end of a quiet cul-de-sac. Relax on the back deck overlooking a year-round meandering stream, surrounded by mature trees and privacy.

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Welcome to the Future of Hospitality: Smart Rooms Start Here

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

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Blend launches housing equity program

Housing Wire

Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. Blend Impact’s first leg, the Equitable Ecosystem Initiative, was soft-launched last year and gave free access of its platform — in multiple languages — to Minority Depository Institutions (MDI) and community development financial institutions.

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Keller Williams launches KW New Homes Community

Housing Wire

Keller Williams is launching the KW New Homes community and partnering with Legacy International to offer new home sales training to address the increasing opportunity in the market. Keller Williams (KW) , is collaborating exclusively with Legacy International, an international sales and marketing company, to offer new home sales training and access to the KW New Homes community.

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Canadian Luxury Home Sales Forecast To Fall, As Market Normalizes: E&V

Better Dwelling

Canadian real estate is cooling from record demand, and luxury homes are no exception. Global luxury brokerage Engel & Völkers (E&V) released its latest luxury market report. They looked at markets with homes priced over $1 million and found sales slowed recently. In the near term, this should help the market normalize and stabilize price […].

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Protected: Here’s how to buy your dream home in a competitive market

Housing Wire

This content is password protected. To view it please enter your password below: Password: The post Protected: Here’s how to buy your dream home in a competitive market appeared first on HousingWire.

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Canadian Home Building Costs Make The Largest Jump On Record: Stat Can

Better Dwelling

Canadian home builders have faced soaring labor and material costs, and now there’s confirmation. The Statistics Canada (Stat Can) building construction price index made a record climb in the second quarter of 2021. Costs jumped significantly higher for homebuilders, even if just compared to non-residential construction. Homebuilders saw the fastest increases in “hot” housing markets […].

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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Protected: You’re living the dream – what’s next?

Housing Wire

This content is password protected. To view it please enter your password below: Password: The post Protected: You’re living the dream – what’s next? appeared first on HousingWire.

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Perceptions of Housing Affordability Worsen

Eye on Housing

In the final quarter of 2019, a series-high of 82% of prospective buyers could afford less than half the homes available in their markets. The share went on to decline throughout 2020 (i.e. affordability perceptions improved), reaching 63% by the final quarter of that year. But affordability expectations have worsened recently. In the first and second quarters of 2021, the.

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FHA Introduces Simplified COVID-19 Recovery “Waterfall”

Housing Wire

As was alluded to in June, the FHA late last week published a fully revised version of their “waterfall” loss mitigation options for borrowers coming to the end of their forbearance period. In order to streamline the process, the administration is scrapping their old waterfall framework and is instead providing two options for servicers processing borrowers coming out of forbearance: a COVID-19 recovery standalone partial claim for borrower who can resume making payments on their mortgage, and a

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NAA Suing U.S. for Monetary Damages, Alleging Unlawful Eviction Moratorium

RIS Media

The National Apartment Association, a landlord lobbyist group, recently filed a lawsuit in the U.S. Court of Federal Claims, seeking to recover damages from what the organization alleges are “severe economic losses under the U.S. Centers for Disease Control and Prevention’s (CDC) overreaching federal eviction moratorium.” According to the group, the CDC’s extended moratorium order is jeopardizing the long-term viability of housing infrastructure, putting those who provide

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Mortgage applications jump as rates plummet

Housing Wire

Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates. The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and the potential economic fallout, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Canada Is Making A “Mistake” That Will Underestimate Inflation: Big Six Bank

Better Dwelling

Canadian inflation should be smooth sailing, coming in low and stable from now on. A small catch though — your cost of living may not actually see low inflation. Statistics Canada (Stat Can) consumer price index (CPI) data shows an unexpected slowdown in June. The popular interpretation for today’s release is, this proves high inflation […].

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Redfin-owned firm RentPath names new CEO

Housing Wire

RentPath , a Redfin company, has appointed former ParkMobile CEO Jon Ziglar as chief executive officer, effective August 16. Ziglar will oversee the integration of RentPath’s rental listings onto Redfin’s main site, while working with both property managers and consumers, according to Glenn Kelman, Redfin’s CEO. Rental listings from RentPath should be displayed on Redfin.com in late 2022, the company said. “Hiring a CEO of Jon’s caliber is a major commitment from Re

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Turning plastic waste into lumber could put a real dent in our waste crisis

The American Genius for Real Estate

(REAL ESTATE MARKETING) Goodwood plastic is a company that has some great uses for old plastic waste. As the saying goes "One man's trash is another man's treasure!". The post Turning plastic waste into lumber could put a real dent in our waste crisis appeared first on The American Genius Real Estate.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Protected: Let’s crunch the numbers! A workshop on closing costs and what you can afford monthly

Housing Wire

This content is password protected. To view it please enter your password below: Password: The post Protected: Let’s crunch the numbers! A workshop on closing costs and what you can afford monthly appeared first on HousingWire.

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Federal Reserve and Housing: No Taper Talk Yet

Eye on Housing

Today’s Federal Open Market Committee announcement did not provide an explicit reference to an expected tapering of purchases of Treasury ($80 billion a month) and mortgage-backed ($40 billion a month) securities. In addition, as part of its ongoing accommodative policy stance, the Fed held its benchmark target rate near zero percent. In Chairman Powell’s press conference remarks, he stated, “The.

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Protected: Where to start the home-buying journey & what to expect in the process

Housing Wire

This content is password protected. To view it please enter your password below: Password: The post Protected: Where to start the home-buying journey & what to expect in the process appeared first on HousingWire.

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Brooklyn Heights Anglo-Italianate With Mantels, Central Air, Waterfall Asks $5.9 Million

Brownstoner

Located on picturesque Willow Place, this mid-19th century brick row house offers up four floors of living space along with the comfort of central air conditioning, which is sounding appealing in the midst of a hot summer. If that isn't enough to cool you off, the landscaped rear yard of… Read More > The post Brooklyn Heights Anglo-Italianate With Mantels, Central Air, Waterfall Asks $5.9 Million appeared first on Brownstoner.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Protected: Things to consider when shopping for a home

Housing Wire

This content is password protected. To view it please enter your password below: Password: The post Protected: Things to consider when shopping for a home appeared first on HousingWire.

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Zillow Home Loans Review for 2021

The Mortgage Report

Zillow Home Loans review showing how Zillow compares to other top lenders for mortgage rates, loan options, and customer service.

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Protected: The products, programs and resources you need to know to buy a home

Housing Wire

This content is password protected. To view it please enter your password below: Password: The post Protected: The products, programs and resources you need to know to buy a home appeared first on HousingWire.

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Mortgage and refinance rates today, July 28, 2021

The Mortgage Report

Today’s mortgage and refinance rates Yet again, average mortgage rates inched lower yesterday. And the cumulative effect of all the falls since the middle of the month has been more […].

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Protected: Efforts to promote homeownership in underserved communities

Housing Wire

This content is password protected. To view it please enter your password below: Password: The post Protected: Efforts to promote homeownership in underserved communities appeared first on HousingWire.

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Finding a New Home in a Seller’s Market

RIS Media

If you’re thinking about buying a home in today’s market, here are some essential tips for making it happen. Act Fast . Interest rates are forecast to remain low for some time, but a slight uptick could make the home of your dreams unaffordable, so start looking now. Determine Your Needs. Narrow down what type of house you’re looking for and where.

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Strong refi business, low rates aren’t growing reverse mortgage audience

Housing Wire

While the reverse mortgage industry has seen strong business numbers for most of the past year with endorsements largely staying above 4,000 loans a month, the amount of Home Equity Conversion Mortgage (HECM)-to-HECM refinance transactions being done alongside other market factors frankly outside of the reverse mortgage industry’s control are doing very little to commensurately expand the penetration rate of the HECM category into the broader mortgage business.

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