Mon.Sep 13, 2021

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Red-hot US housing market begins to cool

Housing Wire

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. A report from residential brokerage Redfin found that pending sales across 400 metro areas were up 6% year over year in the four weeks that ended Sept. 5. Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021.

Marketing 538
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Why It’s Still Safe To Sell Your Home

Keeping Current Matters

If you’re on the fence about whether or not you want to sell your house this year, there’s good news. Real estate professionals are highly experienced in how to sell houses safely during the pandemic. Over the last year, agents have adopted new technologies and safety measures designed to keep you safe. And experts say these practices are here to stay.

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How demographics shaped the housing market in 2021

Housing Wire

As we come to the end of 2021, we also approach the end of another year living with COVID-19. The year 2020 was one of the most chaotic times in recent history. Although 2021 seems normal in comparison, it is perhaps even stranger because as a country, we have learned to normalize the consumption of goods and services with an active virus infecting and killing Americans each day.

Marketing 471
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Canada’s Real Estate Bubble Is The Second Longest In The World: US Federal Reserve

Better Dwelling

Canadian real estate has long been frothy, but how does it look compared to other countries? According to the US Federal Reserve (the Fed) exuberance index in Q1 2021, pretty bad. Only two G7 countries are considered exuberant markets (a.k.a. bubbles) — Canada and Germany. Those two countries are also the longest-running bubbles of any […]. The post Canada’s Real Estate Bubble Is The Second Longest In The World: US Federal Reserve appeared first on Better Dwelling.

Marketing 145
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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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Biden nominates Alanna McCargo to be Ginnie Mae prez

Housing Wire

Alanna McCargo, senior advisor at the Department of Housing and Urban Development , has been picked by the Biden administration to head Ginnie Mae. The position of GNMA president has notably sat vacant for close to five years, with Ted Tozer, the last permanent president, resigning in 2017. Since then, the industry has been waiting with bated breath for someone to fill the role.

Finance 463

More Trending

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Servicer call volume up as borrowers exit forbearance

Housing Wire

After a slight lull , forbearance numbers across the board have started to lurch downwards, with the total number of loans dropping by 15 basis points to 3.08% as of Sept. 5, according to the Mortgage Bankers Association ‘s latest survey. The portfolio loans and private-label securities (PLS) category, which has remained stubbornly high, saw the most notable decline last week, dipping by 25 bps to 7.27%, the report said.

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3 Types of Storage Rentals to Consider When Moving

Maximum Exposure Real Estate

The Methods of Storing Your Belongings When Moving Reviewed Are you wondering what the storage options are for an upcoming move? There is lots to do when it comes to moving, from changing your address to hiring movers to renting storage space. If you are planning a move that will require storing some of your […]. The post 3 Types of Storage Rentals to Consider When Moving appeared first on Massachusetts Real Estate Exposure.

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@properties leaders poised for strategic growth

Housing Wire

Today’s RealTrending features an interview with with Mike Golden and Thad Wong, co-founders of @properties. A powerhouse in the Chicagoland area, the brokerage firm is now expanding to to other areas. Wong and Golden discuss their franchising strategy, their technology platform and their strategic plan for the coming year. Here is a small preview of today’s interview with @properties co-founders Thad Wong and Mike Golden.

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Jumbo vs. conventional loans: Which is better?

The Mortgage Report

Learn all you need to know about jumbo vs. conventional loans. Explore interest rates, requirements, and who should use which loan type.

Loans 122
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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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Old Republic settles anti-competitive charges

Housing Wire

Title insurance giant Old Republic International will pay $1 million to settle charges that it entered into “no-poach” agreements to stifle labor competition, the New York Attorney General’s Office said late last week. “For years, Old Republic stifled competition in the labor market, but this agreement ends the company’s illegal conduct, while putting all businesses on notice that no-poach agreements will not be tolerated in New York State,” New York Attorney

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Women Make Up 10.9% of the Construction Workforce

Eye on Housing

The number of women employed in the construction industry grew slightly in 2020, rising to around 1.17 million, while the construction industry lost 587,000 jobs in 2020 when the pandemic hit the economy. Currently, women make up a growing share of the construction employment, up to 10.9% in 2020 from 10.3% in 2019. As the construction skilled labor shortage remains.

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How to nurture the homebuyers you already have

Easy Agent Pro

If ever there was a time that homebuyers required hand-holding, it is right now, in this market. While the market is described by the media as “white hot,” “booming” and “skyrocketing,” homebuyers who face bidding wars and inventory shortages aren’t exactly happy campers. Which, as you know, is a pity. Buying a home should be a joyous occasion, not a battle.

Agents 119
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5 Things You Should Know Before You Make a Real Estate Investment

Realty Biz

A blind real estate investment might end up making no profit as per your expectations, but it’s all in vain. Whether you are buying a property to earn rental money through it or for living purposes, you surely have to take care of the indicators that play a vital role in the real estate economy. Let’s get to know the indicators that would help you to optimize your real estate investments. 1- Keep an Active Eye on the Life Amenities Offered.

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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 and refinance rates today, Sept. 13, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower again last Friday. But, with rises almost canceling out falls, the week ended very close to where it started. Still, […].

Mortgages 111
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Number of Bathrooms in New Homes

Eye on Housing

The Census Bureau’s latest Survey of Construction (SOC) shows changes in the shares of the number of bathrooms and half-bathrooms of single-family homes started in the United States in 2020. The latest data show that 3% of new single-family homes started had one bathroom or fewer, 65% had 2 bathrooms, 25% had 3 bathrooms, and 7% had 4 bathrooms or.

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The Best and Worst Ways to Search for a Realtor in 2021

HomeLight

The search for a Realtor® used to be much less transparent. The options were essentially to attend open houses, ask your friend for a recommendation, or call up a brokerage office. Even in the early days of the internet, it was hard to find reliable data on a real estate agent’s abilities and whether past clients were happy with their services. But as the 2000s progressed, real estate agent rating sites and online reviews started to crop up and become available.

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Price Index for Inputs to Residential Construction Declines in August

Eye on Housing

Prices paid for goods used in residential construction ex-energy decreased 0.7% in August (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The decrease was largely driven by a decline in lumber and wood products prices and was the first monthly decline since the start of the last recession.

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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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Inflation: Current and Future Hurdles Awaiting Real Estate

RIS Media

It may be time for real estate professionals to brace for the industry’s future as the Federal Reserve figures out how to address inflation in the United States. Amid the uncertainty surrounding the long-term impact on the housing market, experts claim further increases in the cost of homeownership could be on the horizon, potentially pricing more buyers out.

Mortgages 105
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Inventory Watch

BubbleInfo

There were 48 new listings between La Jolla and Carlsbad this week, and 48 new pendings! The pendings are evenly divided too: NSDCC Pending Listings: 0 – $1,000,000: 7 $1.0M – $1.5M: 78 $1.5M – $2.0M: 77 $2.0M – $3.0M: 78 Over-$3,000,000: 77 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC (La Jolla to Carlsbad) Under $1,000,000 Market Date NSDCC Active […].

Marketing 105
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3 Essential Safety Strategies to Protect Agents in the Field

RIS Media

Did you know that nearly one in four REALTORS® reported that they have feared for their personal safety while on the job? An even higher number, nearly one in three, reported feeling fearful when hosting open houses or conducting showings. In fact, according to the 2020 Member Safety Report, 4% of REALTORS®, or about 60,000 members, said they’ve been victims of a violent crime, including assault, sexual abuse, rape, robbery and murder.

Agents 105
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NAR pushes back on DOJ’s reneging on antitrust settlement

The American Genius for Real Estate

(REAL ESTATE) After coming to a settlement with the DOJ, the National Association of Realtors is petitioning the court to keep the DOJ from reneging. The post NAR pushes back on DOJ’s reneging on antitrust settlement appeared first on The American Genius Real Estate.

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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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Inflation: Current and Future Hurdles Awaiting Real Estate

RIS Media

The National Association of REALTORS® (NAR) will host its inaugural C5 Summit—the association’s commercial real estate and economic development event—in New York City from Sept. 27-29, 2021. C5 (Commercial. Connect. Commerce. Capital. Community.) will provide direct access to commercial investors and influential industry leaders, including commercial brokers and developers, state and local REALTOR® associations, economic development corporations, government officials, REITs, and domestic a

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Forbearance Expirations

BubbleInfo

Hat tip to GW and AK who sent me an article by Fortune, that references this article: [link] An excerpt: With expiration of a broad federal foreclosure moratorium on July 31, hundreds of thousands of U.S. homeowners are expected to exit forbearance in coming months. A significant share of these homeowners will likely end up […].

Mortgages 105
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NAR Opposes DOJ’s Settlement Agreement Withdrawal

RIS Media

The National Association of REALTORS® (NAR) is fighting the Department of Justice’s (DOJ) attempts to back out of their antitrust lawsuit settlement. NAR filed a petition on Sept. 13 to revoke the Justice Department’s request to withdraw from its November 2020 settlement agreement, claiming the DOJ action should be void based on legal precedent. “By its action, the DOJ thinks it should be free to reconsider the terms of an agreement at any time, for any reason—or no reason at all,” said Charlie

MLS 105
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Sunny Delight: This $11.7M Private Island in Florida Keys Is Pure Heaven

Realtor.com

East Sister Rock Island just off Marathon, FL, in the Lower Keys is available for $11.7 million. For a buyer in search of true isolation, there's nothing like it. The post Sunny Delight: This $11.7M Private Island in Florida Keys Is Pure Heaven appeared first on Real Estate News & Insights | realtor.com®.

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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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Should I Refinance My Mortgage? 8 Reasons You Should Hold Off

HomeLight

Unless you’ve been living under a rock, you’ve seen news reports touting record-breaking, rock-bottom mortgage interest rates. According to the Federal Reserve Bank of Saint Louis, the average 30-year mortgage interest rate plummeted by 33% from January 2018 to January 2021, from 3.95% to 2.65%. While your book club pals have been swapping the names of mortgage brokers, you’re wondering whether you should jump on the refinancing bandwagon.

Mortgages 104
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Canadian Building Investment Drops For The Third Month Due To Housing

Better Dwelling

Canadian building investment is falling, and it’s due to a lack of housing investment. Statistics Canada (Stat Can) data shows total building investment fell in July. Taking a dive into the data, we can see this is due entirely to falling residential investment. While it dropped, no need to worry about an inventory squeeze. The […]. The post Canadian Building Investment Drops For The Third Month Due To Housing appeared first on Better Dwelling.

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Here Are America’s Best College Towns for Homebuyers—at Any Age

Realtor.com

From a better-educated workforce to more exposure to arts and culture, college towns can be great places to buy a home at any stage of life. The post Here Are America’s Best College Towns for Homebuyers—at Any Age appeared first on Real Estate News & Insights | realtor.com®.

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