Fri.Jan 22, 2021

COVID couldn’t stop the U.S. housing market in 2020

Housing Wire

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6%

Canadian Real Estate Prices Grew Over 25x Faster Than U.S. Prices Since 2005

Better Dwelling

Canadian real estate prices are growing to comical levels, as bad policy stacks up. Federal Reserve data shows real adjusted home prices increased at double the pace of the U.S in Q3 2020. As big as the gain is, it’s one of many times Canadian real estate prices have outperformed the U.S.

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United Wholesale Mortgage makes public debut

Housing Wire

After ringing the bell of the New York Stock Exchange on Friday morning, Mat Ishbia’s United Wholesale Mortgage (UWM) is a publicly traded company. UWM, the second-largest mortgage originator in America , debuted trading at $11.95. By 10:45 a.m. EST, it was trading at $11.65.

What is PMI: How to Get Rid of Private Mortgage Insurance

Maximum Exposure Real Estate

How to End Paying Private Mortgage Insurance What is PMI? Great question, right? Many people, especially first time home buyers, hear the term PMI and have no idea what it means. You will see the definition of PMI in a moment and, more importantly, how to terminate it.

2020 home sales hit highest level since 2006

Housing Wire

Existing home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to the National Association of Realtors. A total of 5.64 million homes were sold in 2020, up 5.6%

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How Affordable is the New Home Premium?

Eye on Housing

Earlier we published a post highlighting lower operating costs per dollar value for new homes.

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Existing Home Sales Reached 14-year High in 2020

Eye on Housing

As demand continues to be driven by low mortgage rates and a suburban shift for home-buying preference, existing home sales, as reported by the National Association of Realtors (NAR), ticked up in December and the annual sales tally reached the highest level since 2006.

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Chase sees huge digital adoption in home lending business

Housing Wire

The following is an excerpt from an interview originally published by FinLedger with Rohan Amin, Chief Information Officer of Chase’s Consumer & Community Banking unit. The complete interview is available here.

Getting a mortgage without your spouse: What are the benefits and drawbacks?

The Mortgage Report

Thinking about buying a house or refinancing with only one spouse on the mortgage? Here are the major benefits and drawbacks to consider. Buying a home Mortgage Strategy Mortgage Vlogs

People movers: Better.com, Credit Plus, Foundation Title & Escrow

Housing Wire

HousingWire’s People movers section covers the latest hiring updates in the mortgage and real estate industry. This week, Better.com , Credit Plus and Foundation Title & Escrow Series announced changes to their leadership team.

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Smart Living: The Latest Smart Home Tech to Add to Your Home

Redfin

Living in a smart house used to only exist in sci-fi movies. Fast forward to today and connected homes and smart gadgets are quickly becoming the norm. Smart home tech has transformed every aspect of home life, from security and basic kitchen tasks to how a house is built.

CoStar and private equity group battle for CoreLogic

Housing Wire

Nearly three months after CoreLogic confirmed it was exploring multiple acquisition offers following the rejection of a hostile takeover bid, the data giant is now evaluating the final two bidders.

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How to Level Up Your Listings

RIS Media

A hands-on future: That’s what RISMedia’s “ Real Estate’s Rocking in the New Year ” was all about. The all-day virtual event, co-presented by the National Association of REALTORS® on Jan.

House Financial Services Committee members named

Housing Wire

With the 117th Congress having been sworn in, Rep. Maxine Waters announced the Democratic members for the House Financial Services Committee, which has oversight on banking, insurance, real estate and securities sectors. “I

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20th Anniversary Hobe Sound Festival of the Arts

Waterfront Properties

The quaint seaside Town of Hobe Sound is celebrating the 20th Anniversary Hobe Sound Festival of the Arts. The festival returns with the some of the nations top artists and skilled craft artisans. This 2-day event is a socially distanced outdoor art show and craft marketplace.

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Senate Finance Committee unanimously approves Yellen

Housing Wire

By a unanimous 26-0 vote, the Senate Finance Committee approved Janet Yellen’s nomination to become U.S. Treasury Secretary on Friday.

What is a home equity loan and how does it work?

The Mortgage Report

A home equity loan lets you cash-out your equity without replacing your current mortgage. Learn how home equity loans and home equity lines (HELOCs) work. Home Equity Homeownership Topics Mortgage Products Home Equity Loan Housing Mortgage mortgage rates Real Estate

Homepoint’s parent in line for $3B valuation with stock sale

Housing Wire

Home Point Capital , the parent company of wholesale lender Homepoint , announced Friday that certain undisclosed stockholders plan to sell 12.5 million shares of Class A common stock, raising $250 million in an independent public offering.

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How Does a USDA Mortgage Work and What Are Its Pros and Cons?

Point2Homes

Image: IvanMichailovich / Shutterstock.com. If you’re in the market for a new home, it’s good to consider all of your options when it comes to mortgages. USDA mortgages are an extremely attractive option under the right circumstances, but they’re certainly not the best choice for everyone.

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Top 10 cities with the most immigrant homeowners

The American Genius for Real Estate

(REAL ESTATE NEWS) It’s no coincidence that the most exciting areas of our country are also the most diverse. The post Top 10 cities with the most immigrant homeowners appeared first on The American Genius Real Estate. Homeownership Real Estate News

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6 Coronavirus-Friendly Home Upgrades That Cost Less Than $10K—and Will Bring In Offers

Realtor.com

irina88w/Getty Images Getting a home improvement project to pay off is notoriously tricky. There’s no guarantee you’ll recoup the money you pour into a bathroom remodel or an outdoor kitchen.

Mortgage and refinance rates today, January 22, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. The fall was the smallest that can be measured. But was welcome nonetheless. First thing this morning, key markets […]. Mortgage Rates Now

Money-Saving Home Improvements Tips

Realty Biz

When you are getting ready to sell your home, some home improvements can help you find a buyer. While you could spend thousands on renovations, it doesn’t guarantee prospective buyers will like the changes you’ve made or that you will recoup your investment.

Centennial Sweetheart!

The Living Room

Centennial Sweetheart! 2755 SE 165th Ave., Portland, OR 97236. Offered at $354,900. 3 BEDROOM | 1 BATH | 1,461 SQFT. MLS #20479400| TAXES:$3,614.62. Please see listing for Covid-19 safety procedures.

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Patterns in Paradise

American Lifestyle

The post Patterns in Paradise appeared first on American Lifestyle Magazine. Editorial Design Interior Designer

Reconnect with Nature: A Stickwork Exhibit – West Palm Beach

Waterfront Properties

Located in the Great Lawn area of Mounts Botanical Garden, 531 North Military Trail in West Palm Beach is this massive sculpture was designed by internationally acclaimed artist, Patrick Dougherty.

How the Bernie Sanders Mittens Meme Made a Michigan Home Listing Go Viral

Realtor.com

realtor.com. For those of you nowhere near a computer or phone in the past few days, here’s the quick backstory: Vermont Sen. Bernie Sanders spurred a viral meme sensation that has taken the World Wide Web by storm.

These Counties Were Most Vulnerable to Economic Impact From COVID

RIS Media

Some areas of the United States have showed increased vulnerability amid the coronavirus pandemic compared to others. A new ATTOM Data Solutions report found that pockets of the Northeast and some parts along the East Coast remained most at risk in the fourth quarter of 2021.

Capitol rioters could face penalties under this NAR policy

Inman

Realtors convicted of a "felony or crime involving moral turpitude" may be subject to discipline under membership rule.

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Storybook Cottage in Maine Awaits a Buyer Who Loves Whimsical Design

Realtor.com

Jonne Trees. A whimsical house that’s part castle and part storybook cottage is waiting for its first inhabitant. There’s a sign right at the door that says ‘Clear mind before entering,’” says the listing agent, Jonathan Tindal. “[The]