Wed.Jan 06, 2021

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Should you refinance to a 15-year mortgage in 2021?

Housing Wire

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. The three primary reasons homeowners refinance to shorter-term loans are to save money on interest, to pay off the loan faster, and to build equity. But the possibility of reduced future earnings is another key reason some refinance into a 15-year loan.

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The Importance of Home Equity in Building Wealth

Keeping Current Matters

Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted : “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial st

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2020 housing disruption paves the way for years to come

Housing Wire

2020 has certainly been a year to remember. While we may be ready to firmly plant our feet in 2021, we shouldn’t leave the past 12 months behind without taking a critical look at how the COVID-19 pandemic has impacted the housing market, and how it will pave the way for 2021 and beyond. Before we repress these 2020 memories, let’s dive into how this pandemic has created housing disruption in a number of areas of the industry, providing us all a nudge toward trying new processes and technologies

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This Dream Getaway Home is Part of a $220 Million Aspen Ranch

Fancy Pants Homes

If you’re a fan of the mountain farmhouse aesthetic, you’re in for a treat. Nestled into a hillside just minutes away from Aspen core sits the Mount Daly House , one of the twelve modern ranch retreats at the 800-acre Aspen Valley Ranch. The massive Colorado ranch — owned by oil and gas executive Charif Souki — was initially listed back in May 2020 for $220 million, which propelled it to the top of the list of most expensive residential properties for sale in the U.S.

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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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UWM offering 61 bps on conventional loans through March 8

Housing Wire

To generate buzz for its upcoming independent public offering , United Wholesale Mortgage (UWM) is offering a special deal on conventional mortgage loans to select borrowers for the next two months. “We’re going to celebrate this exciting time by kickstarting 2021 with 61 basis points for the next 61 days on all of our conventional W2 borrowers,” UWM President and CEO Mat Ishbia said in a video sent to brokers on Wednesday.

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4 tasks your business should consider outsourcing

The American Genius for Real Estate

(REAL ESTATE BROKERAGE) As your business becomes busier and more successful, you may find outsourcing will streamline your workflow. Let's talk what's best to outsource. The post 4 tasks your business should consider outsourcing appeared first on The American Genius Real Estate.

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West Palm Beach Manatee Rescued

Waterfront Properties

A manatee rescued in West Palm Beach is now being treated in Miami at the Miami Seaquarium. Police officers with Riviera Beach and West Palm Beach teamed up with officers from the Florida Fish and Wildlife Conservation Commission (FWC) to rescue the manatee near the Manatee Lagoon. A spokesman at Manatee Lagoon said the manatee is being treated for a severe lung infection.

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Mortgage applications drop over holidays

Housing Wire

Mortgage applications dropped 4.2% from two weeks prior , according to the latest report by the Mortgage Bankers Association. Mortgage rates continued 2020’s trend at historically low figures, with the 30-year fixed rate at 2.86% and the 15-year fixed rate at a survey low of 2.40%, according to Joel Kan, MBA’s associate vice president of economic and industry Forecasting.

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Phish Bassist Mike Gordon Selling Cool Country Home in Vermont for $895K

Realtor.com

realtor.com, Jeff Kravitz/FilmMagic.com Mike Gordon , the Phish bassist, is strumming a farewell tune to his retreat in Essex Junction, VT. The contemporary cabin is available for $895,000. If the guitarist receives the asking amount, he’ll record a profit. Property records show that the Massachusetts native picked up the place for $425,000 in 2003.

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Foundation Title & Escrow merges with Paulus Title

Housing Wire

Foundation Title & Escrow announced it is expanding its footprint in Alabama through its merger with Paula Title. This is the latest in a series of growth expenditures for Tennessee-based Foundation Title & Escrow. Previously, the company expanded its territory into Florida’s Emerald Coast area. As part of this merger, Paulus Title founder and CEO Craig Paulus will now serve as president of Alabama operations.

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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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Toronto Real Estate Prices Slip In December, But Suburban Prices Soar To Lift Index

Better Dwelling

Greater Toronto real estate prices had a really big finish to the year, just not in the City of Toronto. Toronto Regional Real Estate Board (TRREB) data shows home prices made a sharp increase in December. The monthly jump was only across the Greater region though, while the City’s index slipped lower. Almost all of […]. The post Toronto Real Estate Prices Slip In December, But Suburban Prices Soar To Lift Index appeared first on Better Dwelling.

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Offerpad expands services through homebuilder partner

Housing Wire

iBuyer Offerpad has made its services available through Maronda Homes , a homebuilder in Pennsylvania, Florida , Ohio, Kentucky and Georgia. This is the first of the company’s strategic homebuilder partners to offer the services to new-construction customers, and they’re starting with the Florida market. As a partner in Offerpad’s Homebuilder Alliance program , Maronda Homes will offers homebuyers listing and direct sale products when purchasing a new build.

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5 Genius Hacks To Carve Out a Nursery in a Small Space or Studio Apartment

Realtor.com

fotostorm / Getty Images When my husband and I moved across the country, going from a large condo to a small studio apartment, we knew we’d have to downsize a little. But when we found out we were expecting a baby, we were overwhelmed by the idea of sharing such a small space with a newborn. Luckily, by diving into Instagram for nursery ideas, I’ve since learned that there are tons of great ways to fit everything you need—and the baby—into a small space.

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Attend a GreenMarket This Weekend in Palm Beach County

Waterfront Properties

A favorite weekend activity in Palm Beach County for many is attending some of the best GreenMarkets in the area. From now until late spring, these GreenMarkets offer some of the best local baked goods, homemade items, fresh produce, fresh flowers, spices and teas, jewelry, local honey, and much more. The GreenMarkets are bought together to help local growers, crafters, and farmers display their products and goods for purchase.

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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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How Will Kim Kardashian West and Kanye West Divide Up Their Real Estate Empire?

Realtor.com

Getty Images/ Ian West - PA Images; realtor.com; Google Maps 2021 is starting off with a big-time celebrity shake-up: Kim Kardashian West and Kanye West are getting divorced. Indeed, according to Page Six , the A-list couple have finally called it quits after six years, four children, and who knows how many disagreements about where to spend their time, energy, and celebrity capital.

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Self Guided Beach Cleanup Every Weekend

Waterfront Properties

Every Saturday morning, the Loggerhead Marinelife Center is continuing to host their Self-Guided Beach Cleanup through the new year. Every weekend, volunteers head to the beach to participate in helping keep our local beaches and ocean clean. The Self-Guided Beach Cleanup Program was introduced in 2020 as a new program that has been added to the calendar weekly.

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Former Tenants Hope to Join City Lawsuit Against Crown Heights Landlords Over Alleged Eviction

Brownstoner

The former tenants of a Dean Street building are looking to be included in the city’s lawsuit against their former landlords, saying the property owners mounted an illegal eviction and harassment campaign against them over the summer. “We want to make sure that the former tenants of 1214 Dean [Street]… Read More > The post Former Tenants Hope to Join City Lawsuit Against Crown Heights Landlords Over Alleged Eviction appeared first on Brownstoner.

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Renting with pets in Canada: Hidden costs + provincial laws

Zolo

A guide to costs and laws that impact tenants renting with pets. The post Renting with pets in Canada: Hidden costs + provincial laws appeared first on Zolo.

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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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A Meeting of the Minds

RIS Media

Family Culture, Business Rapport Lead to Howard Hanna | Rand Realty Partnership. Last fall, two iconic real estate firms—led by two iconic real estate women—came together when Marsha Rand, founder and president of Rand Realty, and Helen Hanna Casey, CEO of Howard Hanna Real Estate Services, announced during a joint virtual meeting that the two brokerage leaders had joined forces to create a new partnership in New York’s Greater Hudson Valley region: Howard Hanna | Rand Realty.

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Chetrit Plans ‘State-of-the-Art’ Warehouse to Replace Red Hook’s Historic Bowne Storehouse

Brownstoner

The fate of Red Hook’s historic S.W. Bowne Grain Storehouse has reportedly been decided. The owners of the property—which includes members of the Chetrit, Nakash and Gindi real estate families—are planning a “state-of-the-art warehouse with office and parking” on the site, located at 595 Smith Street, according to The Real Deal. Plans… Read More > The post Chetrit Plans ‘State-of-the-Art’ Warehouse to Replace Red Hook’s Historic Bowne Storehouse appeared first on Brownstoner.

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Pending Home Sales Dip in November

Eye on Housing

After reaching a record high in August, pending home sales slid for the third consecutive month, as fast-rising home prices and low inventory started to impede the housing market. Higher interest rates this week will present an additional challenge in future data. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator.

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Amazon Pledging More Than $2 Billion for Affordable Housing in Three Hub Cities

Realtor.com

MITCH PITTMAN/AMAZON Amazon.com Inc. said it would commit more than $2 billion to create and preserve affordable housing in three of its employment hubs, the latest tech giant to make a large investment in easing the U.S. housing shortage. Amazon said it intends to invest in affordable housing over the next five years in three regions where it is a major employer: Seattle, Arlington, Va., and Nashville, Tenn.

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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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180-Degree Views in Carlsbad!

BubbleInfo

Are you looking for a quiet south-facing yard full of sunshine where you can watch the hawks soaring above and the crystal-blue enchantress calling from the west? Check out our new listing of this dazzling 4 br/3 ba, 2,597sf listing in Carlsbad! LP = $1,100,000!

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Daily Links: Feds Sue Three Accused of Mortgage Fraud Scam in Bed Stuy, Bushwick

Brownstoner

In the News Driver Kills Boy, 4, and Injures Another Outside Bensonhurst Yeshiva [NYT] New York Real Estate Begins Its Recovery [NYT] Nose-to-Tail Butcher Opens in Prospect Heights [NYT] How New York Hopes to Fight Off a Grim Winter [NYT] Morgan Avenue Station Plagued by Assaults in Last Two Months [Bushwick Daily] Mutual Aid Groups Head… Read More > The post Daily Links: Feds Sue Three Accused of Mortgage Fraud Scam in Bed Stuy, Bushwick appeared first on Brownstoner.

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Setting the Stage for Continued Growth

RIS Media

Connie Yoshimura. Broker/Owner. Berkshire Hathaway HomeServices Alaska Realty. Anchorage, Alaska. www.bhhsalaska.com . Region served: Alaska. Years in real estate: 40. Number of offices: 2, with plans to open two additional offices. Number of agents: 42. Motto/work philosophy that you live by: Get up and go to work every day. It’s also important that you learn from your mistakes and keep going.

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Mortgage and refinance rates today, January 6, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged up yesterday. But they remain very close to their all-time low. Mortgage rates might rise sharply today. How sharply and for […].

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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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Building Your Career as a New Real Estate Agent

RIS Media

It’s no secret that 2020 was a tough year for many. At the end of last year, 12.6 million Americans were out of work due to the COVID-19 pandemic, leaving folks to wonder how they’d pay the monthly mortgage and other essential bills. The financial uncertainty has pushed many toward a career change, and since people will always need a roof over their heads, real estate has become the place to be. “There are only three real necessities: food, shelter and clothing,” says Bri

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What’s Next for Michael Jackson’s Former Neverland Ranch?

Realtor.com

Trae Patton/NBCU/Getty Never say never: The infamous Southern California ranch known as Neverland that once belonged to the late superstar Michael Jackson has finally been sold. The investor and billionaire Ron Burkle snagged the ranch for $22 million, according to the Wall Street Journal. He paid less than a quarter of the property’s original asking price of $100 million.

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5 steps to differentiate yourself

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: 5 steps to differentiate yourself. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Check out these tips about defining your niche, gaining knowledge, building your brand packaging and how to connect with new clients.

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A Tour Inside ‘Home Town’ Ben Napier’s Woodworking Shop—and His Top Tips

Realtor.com

HGTV On the hit show “Home Town,” now in its fifth season, some of the most interesting moments involve watching Ben Napier build unique furniture in his woodworking shop. It’s no surprise that he’s spun off his own solo show, “Home Town: Ben’s Workshop,” which just premiered on Discovery+. In this new series, Napier shows celebrity guests his best woodworking techniques and gives them tips on making the perfect furniture for any space.

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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.