Mon.Jun 07, 2021

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Why we can’t build our way out of this hot housing market

Housing Wire

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. Building more homes, it was said, would solve all sorts of social problems, from making homeownership more affordable to ending homelessness. Today we are perhaps less prone to believing that a glut of new homes is the panacea society is waiting for, but the siren call to build more homes continues to be broadcast by a host of housing pundits and social do-gooders

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Why You May Want To Cash in on Your Second Home

Keeping Current Matters

When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight. Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020.

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UWM goes on the offensive with price-match guarantee

Housing Wire

United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. It appears they’ve just thrown gas on the fire in the hopes of boosting their second quarter numbers, while hitting their rivals ahead of earnings call season. UWM said on Monday that they’ll price-match any conventional loan on primary residences up to 35 basis points with that of 15 different competitors: Caliber Home Loans , Cardinal Financial , Citizens Bank , Financ

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Canada Funnels The Largest Share of Investment Into Housing In The OECD

Better Dwelling

Canadian housing mania is consuming more and more of the country’s capital. The country is now devoting a record share of gross fixed capital to build homes. It’s really hard to appreciate this number without looking at the rest of the world. The share of investment devoted to homebuilding makes the US bubble look like […]. The post Canada Funnels The Largest Share of Investment Into Housing In The OECD appeared first on Better Dwelling.

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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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Homebuyers are growing weary of the housing market

Housing Wire

Homebuyers are feeling pretty discouraged by the housing market these days. The latest Fannie Mae Home Purchase Sentiment Index shows that just 35% of consumers believe now is a good time to buy a home, down from 47% in April. And those who believe it is a bad time to be a homebuyer increased to 56% from 48%. “Consumers appear to be acutely aware of higher home prices and the low supply of homes , the two reasons cited most frequently for that particular sentiment,” said Doug Duncan,

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Lumber and appliance woes still vexing homebuilders

Housing Wire

High lumber and appliance prices, as well as slow shipping and delivery times, continue to hamstring homebuilders in 2021. It’s an issue that has been reported on at length by HousingWire, from the onset of the shortage to the crippling price increases — of both lumber and building materials — that coincided with the spread of the COVID-19 virus in the U.S.

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Timberrr! Lumber Prices Are Crashing At 30% Below Peak, And Forecast To Fall Further

Better Dwelling

The recent surge in lumber prices helped to push home prices higher, but now they’re crashing. Lumber prices closed today nearly 30% below the all-time high reached in May. The recent surge in prices pushed builder costs up by tens of thousands of dollars. This sent new home prices much higher, leading to an interesting […]. The post Timberrr!

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AmTrust Title adds executive counsel

Housing Wire

AmTrust Title Insurance Company has added two executives to its team, naming James Bozzomo as chief underwriting counsel for direct operations and Jefferson Howeth as senior corporate counsel. Bozzomo previously served as chief underwriter counsel for First Nationwide Title Agency , a subsidiary of AmTrust. Howeth served as general counsel for a title underwriter for six years prior to joining AmTrust.

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Construction Begins at Future Amazon Warehouse on the Red Hook Waterfront

Brownstoner

Construction has started at the future Red Hook warehouse that will soon be home to an Amazon distribution center. Located at the former site of the Revere Sugar Factory at 280 Richards Street, on a pier sandwiched between IKEA and the former location of Fairway, it was long planned to be… Read More > The post Construction Begins at Future Amazon Warehouse on the Red Hook Waterfront appeared first on Brownstoner.

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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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Servicers’ forbearance volume steadily falling

Housing Wire

Servicers’ forbearance portfolio volumes decreased again last week, falling two basis points to 4.16%, according to a survey from the Mortgage Bankers Association. Despite May 30 marking the 14th consecutive week of overall declines, a nearly equal number of forbearance exits and re-entries have left forbearance portfolio volumes essentially unaltered.

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Sotheby’s Teams up with Accidentally Wes Anderson to Celebrate Luxury Week

Sotheby's International Real Estate

Handbags, jewels, watches, wine, sneakers and more – Sotheby’s Luxury Week is here again. Joining us to celebrate the New York auction series is Wally Koval, founder and creative force behind Accidentally Wes Anderson (AWA) (@accidentallywesanderson). ?. On Instagram and in print (Accidentally Wes Anderson, the book, published in October 2020 with a forward from the director himself), Koval and the AWA team discover the architecture and design reminiscent of the American director’s one-of-a-kind

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Paint Maintenance and Touch-Up Tips That’ll Keep Your Home Looking Like New

Realtor.com

Getty Images You did the work, painted your home (or had it painted for you), and the results are fantastic. Congratulations! Now the question is: How do you keep it looking that way? Behold, our Bible on how to maintain a paint job, so that it remains looking fabulous for years to come. Which paint lasts the longest? The key to a long-lasting paint job starts with the paint job itself, including proper prepping and priming, according to Hunter MacFarlane , an expert for Lowe’s.

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Residential Construction Loan Volume Moves Higher

Eye on Housing

Ending a period of volume decline that began at the end of 2019, the volume of residential construction lending posted an increase during the first quarter of 2021. Nonetheless, overall residential construction loan volume ended the year lower due to accelerated sales growth, which reduced outstand loans at a faster rate. The volume of 1-4 unit residential construction loans made.

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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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How Long it Takes to Close on a House

Realty Biz

What Is The Time Frame For Closing on a Home? One of the more popular questions asked from buyers and sellers is how long it will take to close on a house. When buying or selling a home, you feel relieved once the process closes and you have the home keys handed over to you. There is a lot that goes on between the time you find your dream home vs. when you sit at the closing table.

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Bring a new level of interaction to your website with Multiple Polygon Maps

Easy Agent Pro

If you’ve spent much time on a real estate website lately, you’ve definitely seen a Polygon Map. These tools are great for allowing visitors to scope out exactly which areas they want to explore more of. For those of you who’ve never experienced the joys of Polygon Maps, allow me to explain exactly what they are and why they’re so useful.

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Inventory Watch

BubbleInfo

It is extremely unusual to have more pending listings than actives – I can’t remember a time when it has ever happened before, and certainly not at these record prices. You can tell your grandkids that you remember when! This week, we did have the lowest number of new pendings since January, and if these […].

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May TRREB Stats: Surprise, Surprise!

Toronto Realty Blog

TorontoRealtyBlog. What would you do if you knew absolutely nothing about real estate but really, really wanted to learn? Where would go turn to? Would you ask your parents for insights? Would you read the Toronto Real Estate Board’s press releases? Would you read some random real estate agent’s biased blog? Would you find any and every real estate-related article in the major newspaper?

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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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Rustic but Refined: 10 Luxurious Log Cabins Priced Over $2M

Realtor.com

realtor.com If a trip into the great outdoors sounds awesome, but the reality of rusticity gives you pause, let us present 10 luxurious log cabins you can buy right now. Forget canvas yurts and retro Airstreams festooned with twinkle lights. In these luxe getaways, you’ll never even come close to roughing it. While log cabins have earned their reputation as humble homes, a few of these hand-hewn abodes saw through the mold.

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Florida First-Time Home Buyer: 2021 Programs & Grants

The Mortgage Report

If you're a first-time home buyer in Florida, you stand to get plenty of help — from advice and education to down payment grants and loans. Learn more here.

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Apply for the 8th Annual Real Estate Tech Awards (RETAS)

GeekEstate

Apply now for CREtech’s 8th Annual Real Estate Tech Awards (RETAS) , honoring excellence in real estate tech. The deadline to apply is July 30, 2021. Apply Now. The post Apply for the 8th Annual Real Estate Tech Awards (RETAS) appeared first on GeekEstate Blog.

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Climax Approaching for Rent Assistance and Evictions

Realty Biz

The current national COVID-19 rent moratorium for evictions is scheduled to end on June 30, 2021. Late in May, it’s estimated that as many as 11 million Americans are behind with their rent in an amount totaling as much as $70 billion. Between the last two major stimulus packages, Congress has allocated more than $45 billion in rental assistance. However, as of May 18, the Treasury Department numbers show that only a little over $6 billion has been disbursed to states to help struggling renters

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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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How to use Market Reports to generate leads and grow your website

Easy Agent Pro

Market Reports are an exciting new take on an old classic; sharing data on markets your client is interested in through short-codes that can be integrated into various pages of your real estate website. The idea of being able to report on which neighborhoods are hot right now is nothing new, but being able to show your visitors this data has never been easier.

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Top Agents Share Their Best Tips for Other Real Estate Agents

RIS Media

Want to know a secret? Of course you do. Who doesn’t want to get the inside track on how accomplished agents have achieved their success? We rounded up the best advice from top-producing agents around the country after asking, “What is one bit of advice you would share with other agents?”. Here are their answers. Take a look: “No matter how many homes you have sold, treat a $50,000 buyer with the exact same service and care as a million-dollar buyer.

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John L Scott Ballard Celebrates 1 Year In Business

Mandrona Group

Jason Fox and Joe Kiser formed The Madrona Group real estate team and were incorporated as a business in 2015.… Continue Reading John L Scott Ballard Celebrates 1 Year In Business. Content provided by: John L. Scott Ballard | Madrona Group.

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Texas First-Time Home Buyer: 2021 Programs & Grants

The Mortgage Report

If you're a first-time home buyer in Texas, you could be in line for assistance. Find out how to qualify for TX first-time home buyer programs and grants.

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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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How Refinancing Can Benefit You Right Now

American Lifestyle

The post How Refinancing Can Benefit You Right Now appeared first on American Lifestyle Magazine.

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‘Home Town Takeover’ Finale Says Modern Farmhouse Is Out—and Here’s What’s In

Realtor.com

HGTV After four months and some seriously beautiful renovations, Erin and Ben Napier are finally wrapping up this season of “Home Town Takeover” by putting the finishing touches on Wetumpka, AL. In the finale episode, “Blooming on the Coosa,” the Napiers renovate an old 1850 house. Then they create a stunning space for a farmers market that’s sure to become a new go-to destination for locals.

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How Interactive Maps Simplify The Search Process & Get You More Leads

Easy Agent Pro

When it comes to finding their next home, many of your future clients will rely on your website’s built-in map tool to help them visualize the location before they see it in person. It should come as no surprise then, that agents with better tools have an easier time converting their traffic into leads and closing deals. And while many websites are compatible with simple map tools that can show you the local area you’re interested in, some tools are more useful than others.

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