Thu.Aug 12, 2021

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Mortgage rates rise to 2.87% after jobs report

Housing Wire

The average 30-year fixed-rate mortgage rose to 2.87% for the week ending in August 12, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The increase follows six consecutive weeks of mortgage rate declines. The week prior, mortgage rates slipped down to 2.77%, as the 10-year Treasury yields declined and fears over the Covid-19 Delta variant grew.

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The Best Use of Time (and Money) When It Comes to Renovations

Keeping Current Matters

In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. Here are some considerations a professional will guide you through: 1.

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Rocket Companies’ plan to transcend mortgage

Housing Wire

Rocket Companies CEO Jay Farner. Rocket Companies is not content with merely being America’s largest lender. Its ambitions are far outsized, even for a firm with a reputation for taking moonshots. In its quarterly earnings call on Thursday, CEO Jay Farner and CFO Julie Booth described a sophisticated company that has developed a product solution for every piece of the home-buying and home-selling ecosystem.

Mortgages 410
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Canada’s Largest Source of Money Laundered Funds For Real Estate Is… Canadians

Better Dwelling

Canadians are world-class when it comes to real estate… money laundering. Not just when it comes to laundering foreign capital, but the domestic stuff as well. That’s the take from the data shared by Global Financial Integrity (GFI). The Washington, DC-based anti-corruption organization found significant cash laundered through real estate. They only really scratched the […].

As-is 145
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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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Jumbo mortgages were easier to get in July

Housing Wire

Mortgage credit availability increased marginally in July following a big downturn in June , according to a report released by the the Mortgage Bankers Association on Thursday. The MBA Mortgage Credit Availability Index overall rose by 0.3% to 119.1 in July (the index benchmarks to 100 in March 2012; a higher number portends more mortgage credit availability).

Mortgages 397
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Back to the Land in the Lone-Star State: The Luxury Ranches of Texas

Sotheby's International Real Estate

In the American consciousness, a Texas ranch has always been the pinnacle of pastoral living. Bordered by rivers and opening onto the sea, Texas offers unparalleled breathtaking expanses, spanning plains, steppes, hills, forests, and finally, the coast. All of this is enhanced by the presence and proximity of some of the nation’s most beloved cultural capitals.

Land 139

More Trending

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More Renters Signing Leases in Brooklyn, While Rents Edge Closer to Pre-COVID Levels

Brownstoner

The rental market in Brooklyn continues to climb toward — but not yet reaching — pre-pandemic levels. Listing inventory and new leases continue to grow at a rapid pace, while rental prices, while still down from the same time last year, are slowly ascending, according to a July rental report… Read More > The post More Renters Signing Leases in Brooklyn, While Rents Edge Closer to Pre-COVID Levels appeared first on Brownstoner.

Marketing 119
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Good News for Homebuyers—New Listings up 6.5 Percent in July

Lighter Side of Real Estate

Low inventory in markets across the country have been driving up prices and creating bidding wars, making it extremely difficult for many potential buyers to successfully find and purchase homes. But it looks like things are (finally!) starting to look up for buyers. According to realtor.com’s Monthly Housing Report for July 2021 , while inventory is still low, more homes are starting to hit the market.

Sales 117
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Is it Real? Lucifer’s Den of Sin & Luxury Penthouse at Lux

Fancy Pants Homes

As Tom Ellis’ Lucifer is getting ready to wrap up his exciting (and downright fun) ride as a crime-fighting devil in the City of Angeles — and his tenure as the deal-making owner of the Lux nightclub — fans everywhere are excited to see where the story takes us. And while we’re pretty good at separating facts from fiction — especially when it comes to celestial beings and Hell-raised demons — there’s one thing I, for one, have often wondered while watchi

As-is 116
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Mortgage and refinance rates today, August 12, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. That was a welcome relief after five straight business days of rises. Early movements in markets this morning suggest […].

Mortgages 116
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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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How Amazon and Google are collaborating to ruin search results

The American Genius for Real Estate

(TECHNOLOGY) Google remains the primary search tool in the market, and they're complicit in allowing Amazon to dominate the search results. The post How Amazon and Google are collaborating to ruin search results appeared first on The American Genius Real Estate.

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Bulling Real Estate NFTs over the Line

GeekEstate

[Editor’s note: Adapted from an article previously published on Forbes by Natalia Karayaneva, the founder of Propy.]. Just months ago, the very first fully virtual house sold online —and for a rather significant $514,558. It won’t be the last to sell: A digital real estate twitter page actively sells virtual properties, and digital real estate is actively bought and sold on virtual role-playing games such as Superworld.

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New mortgage rule makes it easier for renters to buy homes

The Mortgage Report

A new rule from Fannie Mae will help renters buy homes. If you have little or no credit history, rent payments can now help you qualify for a mortgage.

Mortgages 119
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Forever Homes and Loans

BubbleInfo

After the TV show, Derrick and I were discussing the good old days when homes were cheap and everyone moved often. He is a mortgage originator, so I asked him how many adjustable loans he has done this year. His answer? None. Back in the day, adjustable-rate mortgages were the preferred product. Look at the […].

Loans 105
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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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Top Tips for Keeping Your Gutters Working Correctly

Realty Biz

The gutters are an important part of your home’s roofing system. Gutters are designed to direct any rainwater that falls onto your roof away from your home and the foundations. Broken, cracked, blocked or missing rain gutters can lead to water damage in your foundation, on the exterior walls of your home, or leaks in the roof. You are also at higher risk of penetrating damp that enters through the exterior walls into the interior of your home if your property has gutters that are damaged or bloc

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Secrets of Quaint Hobe Sound

Waterfront Properties

The little beach town of Hobe Sound has quite a few interesting elements you may never have known. Of course, it is well known for Jupiter Island, Home of some of the wealthiest of wealthy choose to live, as well as gorgeous Atlantic Ocean coastline. Delve a little further into the history of the quaint small town and discover what surprises exist Here are 3 interesting facts about beautiful Hobe Sound: In the early 1900s, Hobe Sound was also known as Olympia because the 12,000 acres of the Gom

Land 98
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Proper Placement of Smoke Detectors

Realty Biz

Every home should have smoke detectors placed properly throughout your home. There is no question smoke alarms will help keep your home safe. Many new building codes are quite strict about the placement of smoke and carbon monoxide detectors. The placement of smoke alarms and carbon monoxide alarms is a simple and cost-effective way to protect your home and family in the event of a fire or equipment malfunction.

As-is 104
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Mortgage Credit Availability Up in June

RIS Media

Mortgage credit availability increased in July, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool. The MCAI rose by 0.3% to 119.1 in July. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

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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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BETTER HOMES AND GARDENS® REAL ESTATE EXPANDS CALIFORNIA PRESENCE WITH AFFILIATION OF REDDING BROKERAGE

Realty Biz

Better Homes and Gardens Real Estate LLC announced today that Results Real Estate Inc., based in Redding, Calif., has affiliated with the BHGRE ® brand. The company will now be known as Better Homes and Gardens Real Estate Results. The firm is led by broker/owner John Loveless, while operations leader Rich Howe oversees day-to-day operations of the company and serves a wide range of clients in Redding, Anderson, Cottonwood and Red Buff. .

Brokerage 104
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Disruptor Roundup: Rocket Homes Enters iBuyer Space

RIS Media

Real estate companies have begun making their way into the iBuyer space, either through partnerships with companies like zavvie or by launching proprietary programs such as RedfinNow, RealSure and Keller Offers. Rocket Homes is the latest instance of partnering with third-party providers to offer an iBuyer service that provides a “back-up” to sellers, supplementing the brand’s other offerings such as ForSaleByOwner.com, Rocket Homes Verified Partner Agent Network and Amrock ser

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REALOGY EXPANSION BRANDS TAPS PROVEN INDUSTRY INNOVATOR FOR LEARNING LEAD

Realty Biz

Realogy Expansion Brands, which includes Better Homes and Gardens® Real Estate and ERA® Real Estate, today announced the addition of Peter McMahon to the leadership team. In his new role as Vice President of Learning, McMahon will drive professional development, growth and profitability for affiliated brokers, agents, and brokerage staff for both brands.

Branding 104
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Latin American Restaurant on Lake Worth Beach

Waterfront Properties

Embrace Latin America cuisine at Viva la Playa, 10 South Ocean Boulevard, Lake Worth Beach and indulge in modern concepts infused into the traditional sweet flavors of Latin America. Focusing on different regions of Latin America, the menu is diverse with a strong focus in agave spirits. The menu celebrates the daring Latin American approach to cuisine.

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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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Prospect Heights Three-Family With Stained Glass, Moldings, Marble Sink Asks $3,249,500

Brownstoner

One of a row of impressive houses built in the 1890s by prolific developer William H. Reynolds, this Prospect Heights Renaissance Revival offers up a fair amount of space along with some original details. The wood floors, moldings and stained glass give a hint to the original style at 283… Read More > The post Prospect Heights Three-Family With Stained Glass, Moldings, Marble Sink Asks $3,249,500 appeared first on Brownstoner.

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Food Trucks and Outdoor Dining This Weekend in Jupiter

Waterfront Properties

Jupiter’s Downtown Abacoa area is preparing for two nights of events this weekend with open air dining and food trucks. This month, the popular Food Truck Invasion takes over Town Center Drive tomorrow night, Friday, August 13th for a night of great food from some of the best local food trucks in South Florida. Food Trucks offer a variety of dining options for even the pickiest eater in the family.

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Commemorate the 245th Anniversary of the Battle of Brooklyn This Month

Brownstoner

The annual family-friendly day of demonstrations, music and reenactments memorializing the Battle of Brooklyn returns this year with an in-person event. Cohosted by Green-Wood Cemetery and the Old Stone House, the outdoor event on the grounds of the historic cemetery will include a range of free activities on Saturday, August… Read More > The post Commemorate the 245th Anniversary of the Battle of Brooklyn This Month appeared first on Brownstoner.

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RE/MAX Hosts 2021 Broker/Owner Conference in Austin

RIS Media

RE/MAX leaders gathered at the JW Marriott in Austin, Texas, this week for the global real estate franchisor’s 2021 RE/MAX Broker/Owner Conference (BOC). Several sessions from the conference were also available via live stream for those registered to attend virtually. The three-day event was held from Sun., Aug. 8 to Tues., Aug. 10. RE/MAX Holdings, Inc.

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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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Daily Links: Greenwood Heights Could Get a New ‘Bike Boulevard’ by the End of the Year

Brownstoner

In the News Transportation Officials Propose New Bikes Lanes in Greenwood Heights [BP] Brooklyn Pols, Union Leaders Blast MTA Cashless Payment Plans [BP] Mutual Aid Gets Militant: Bushwick Storefront Briefly Occupied [Curbed] Patagonia Opening First Brooklyn Outpost in Williamsburg [CO] A Look Into the ‘East Williamsburg’ Debate [Bushwick Daily] Williamsburg Venue Baby’s All Right Reopens This… Read More > The post Daily Links: Greenwood Heights Could Get a New ‘Bike Boulevard’ by the

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BHGRE® Wine Country Group Merges With Coldwell Banker Towne & Country Realty

RIS Media

Better Homes and Gardens Real Estate (BHGRE®) Wine Country Group headquartered in Sonoma, California, announced its merger with former Coldwell Banker Towne & Country Realty in Lake County, California. The combined organization will unite under the Better Homes and Gardens Real Estate Wine Country Group name, creating a real estate presence in Sonoma, Napa, Mendocino and Lake counties.

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Brownstone Boys: Some Things to Consider When Buying a Fixer Upper

Brownstoner

Editor’s note: Welcome to the Brownstone Boys Reno, a reader renovation diary about renovating a brownstone in Bed Stuy. See the first one here. They also blog at www.thebrownstoneboys.com. Buying a home that needs work can give you the opportunity to design a space that works and looks exactly how you… Read More > The post Brownstone Boys: Some Things to Consider When Buying a Fixer Upper appeared first on Brownstoner.

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Allen Tate REALTORS® Completes Third Acquisition Since Joining Howard Hanna

RIS Media

Allen Tate REALTORS®, Howard Hanna Real Estate Services’ sister company in the Carolinas, has joined forces with Pat Allen Realty Group, an independent residential brokerage firm serving Highlands, Cashiers, Sapphire, and surrounding areas of North Carolina. “We are proud to welcome Pat Allen Realty Group to the Howard Hanna family of companies,” said Howard W.

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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.