Wed.Mar 02, 2022

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Bye, bye refi: Purchase mortgage apps overtake refis

Housing Wire

It’s official: the mortgage industry has entered a purchase era , with refinance applications declining below 50% of the mix for the first time since June 2019, the Mortgage Bankers Association (MBA) reported on Wednesday. Mortgage applications decreased 0.7% for the week ending Feb. 25, as mortgage rates reached 4.15%. Compared to the same week one year ago, applications dropped 41.7%.

Mortgages 370
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Down Payment Assistance Programs Can Help You Achieve Homeownership

Keeping Current Matters

For many homebuyers, the thought of saving for a down payment can feel daunting, especially in today’s market.

Marketing 225
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Amid heavy financial losses, iBuyers bought 70,000 homes in 2021

Housing Wire

So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. The shopping spree, in a historically wild housing market, led to Zillow’s implosion and a lot of red ink on Opendoor’s books. Beyond just a record number of purchases by the iBuying companies, the number of completed home sales (44,933) also exceed the previous high from 2019 (28,265).

Sales 367
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Heights Brownstone With Waterfront Views, Elevator, Rare Garage Asks a Cool $17.777 Million

Brownstoner

It reportedly broke the million dollar mark for the neighborhood the last time it sold in 1986 and while it isn't priced to break a record this time, this Brooklyn Heights brownstone still comes with a hefty asking price. In addition to a lavish interior with an elevator, wine cellar… Read More > The post Heights Brownstone With Waterfront Views, Elevator, Rare Garage Asks a Cool $17.777 Million appeared first on Brownstoner.

Marketing 120
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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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Opinion: Don’t let red tape strangle city development

Housing Wire

I grew up in Houston, and I’ve seen the benefits and the pitfalls of real estate development in perhaps the most lightly regulated city in the United States — a place where developers don’t fret about complex building regulations, because such regulations simply don’t exist. The results are uneven, but can be inspiring. In the 1970s, for instance, Gerald Hines famously built the Transco Tower amidst wide-open farmland.

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January Private Residential Spending Up 1.3%

Eye on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.3% in January after an increase of 2.2% in December 2021. Spending stood at a seasonally adjusted annual rate of $829.4 billion. Total private residential construction spending was 13.4% higher than a year ago. These monthly gains are attributed to the strong growth of spending.

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JAMES & LEE REALTY MERGES WITH COLDWELL BANKER PREMIER

Realty Biz

James & Lee Realty, a boutique brokerage based in Virginia Beach, has joined forces with Coldwell Banker Premier to better position the firm’s 75 agents for success in an evolving real estate landscape. Coldwell Banker Premier, one of the most successful companies in the 116-year-old Coldwell Banker brand, now has 16 offices and approximately 250 agents serving the Quad-State (VA, WV, MD, and PA) region, Hampton Roads, VA, Sussex and Kent County, DE, and Washington, D.C.

Branding 104
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New Building Materials That Are Revolutionizing Home Construction

RIS Media

The real estate industry is constantly evolving, and with this ever-changing landscape comes innovation. This innovation appears in many forms, from advanced technologies to new ways of handling real estate transactions. One thing that has made a significant change in the housing industry is the increasing cost of building materials. Lumber costs have skyrocketed in recent years, halting construction on new housing and causing home prices to rise to new highs —especially with inventory at a hist

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Tailor your marketing to millennial homebuyers

Real Trends

Even as the COVID-19 pandemic destabilized the economy, the 2021 housing market was the hottest ever recorded in U.S. history. Home values rose 6% above the former highest increase of 14% in 2008. Millennial homebuyers enter this scorching-hot housing market as the largest share of home buyers among all generations, and many of them plan to use a real estate agent.

Marketing 103
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New Year, New Highs: Home Price Appreciation Reaches 19.1% in January

RIS Media

While home prices increased 19.1% in January, compared to a year ago, consumers looking to purchase a home have remained optimistic moving into the new year, with more expecting to buy over the next six months as rapid home price appreciation is forecasted to slow. This, according to the latest CoreLogic Home Price Index (HPI) and HPI Forecast for January 2022, released this week.

Mortgages 104
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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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Closing Hamilton’s largest land assembly deal of 2021

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: Closing Hamilton’s largest land assembly deal of 2021. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. It was one challenge after the other for three years but the deal – the largest land assembly transaction in 2021 in downtown Hamilton – is done.

Land 97
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John L. Scott Partners With Eastern Washington University for Teacher of Diversity Fellowship

RIS Media

John L. Scott Real Estate is partnering with Eastern Washington University (EWU) to create a new opportunity for future elementary school teachers of color who want to obtain their teaching certificates through EWU’s Master’s in Teaching program, the company has announced. The real estate company is donating $30,000 for the John L. Scott Teacher of Diversity Fellowship, and EWU and its School of Education is matching that gift with a second fellowship worth $30,000.

Equity 104
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Top 10 Coldwell Banker Stories of the Month – February 2022

Coldwell Banker

Extra, extra! Read the top 10 news items that ran in February about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – February 2022 appeared first on Coldwell Banker Blue Matter.

Agents 97
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Culture Drives Productivity

RIS Media

The most impactful job any brokerage leader or manager has is creating winning and thriving cultures. Winning sales teams are led by great leaders. The difference between a positive, thriving culture and a stagnate, unproductive one is in direct proportion to the leader’s energy, communication, direction and leadership of their team. As a broker or senior manager or office sales manager, it is absolutely vital to create vibrant, productive and positive environments that your agents want to be a

Agents 98
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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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Give Some Feedback on Designs for Restoring the Vale With a Prospect Park Alliance Workshop

Brownstoner

The Prospect Park Alliance is inviting community members to learn about the vision for restoring 26 acres of Brooklyn's backyard and provide some feedback at an upcoming virtual workshop. Restoration of the Vale, located in Prospect Park's northeast corner, has been in the works for years and community workshops in… Read More > The post Give Some Feedback on Designs for Restoring the Vale With a Prospect Park Alliance Workshop appeared first on Brownstoner.

Design 87
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What to Know About Stigmatized Properties

RIS Media

Stigmatized properties will sometimes be overlooked by home buyers in their search because of their reputation. But not all stigma is created equal. Depending on your selling perspective, a stigmatized property might by the key to getting your client a great deal. What Is a Stigmatized Property? A stigmatized property is real estate that has been impacted by an event that occurred or was suspected to have occurred there.

Agents 98
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Mortgage and refinance rates today, March 2, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates fell again yesterday. They didn’t plunge quite as far as they did on Monday. But it was still a sharp fall. Unfortunately, […].

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Weichert Acquires Palm Desert Real Estate Affiliates

RIS Media

Weichert Real Estate Affiliates, Inc. has announced that Weichert, REALTORS® – Preferred in Palm Desert has joined the Weichert® national franchise system. The company, previously known as Real Living Prime Properties, becomes the 20th Weichert franchised office in the state of California and the third in Riverside County, the company stated. Weichert, REALTORS® – Preferred is owned and operated by Robert Saunders and Maria Richards, who have nearly 50 combined years of experience wo

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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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Daily Links: Legal Aid Providers Report Flood of Eviction Cases After the End of Moratorium

Brownstoner

In the News Brooklyn Academy of Music Plans a Global Season [NYT] Brooklyn Lit Mag The Drift Wants You to ‘Examine Your Ideas’ [NYT] This Hipster Chef’s Playful Riff on the McRib Is Drawing Crowds to 'Burg [NYP] Con Edison Tells State It's Rolling Back Supply Charges [amNY] Neighbors Divided Over Proposed Bar on… Read More > The post Daily Links: Legal Aid Providers Report Flood of Eviction Cases After the End of Moratorium appeared first on Brownstoner.

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Mortgage Applications Decrease Again During the Last Week of February

RIS Media

Mortgage brokers’ paperwork load just got lighter. According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 25, 2022, mortgage applications decreased from one week earlier by 0.7% according to the Market Composite Index (CMI). Key Findings: On an unadjusted basis, the Index decreased from 484.9 to 480.9.

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A $275K Swing: How HomeLight Trade-In Helped a Morgan Hill Couple Win Big When Buying and Selling

HomeLight

When the Riveras got married, they wanted a home that wasn’t just his or hers, but something that was truly theirs — a home they could choose together, decorate together, and enjoy together. That meant it was time for Manny Rivera to sell the home he already owned, but in the bustling Bay Area market, trying to buy a new home at the same time simply wasn’t going to work.

Staging 78
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The Institute: February Luxury Market Report

RIS Media

The Institute’s Luxury Market Report is your guide to an analysis of the trends and comparative data on the top-residential markets throughout Canada and the United States. February’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend. This month, The Institute for Luxury Home Marketing (The Institute) reviewed whether any new trends really emerged at the stroke of midnight on December 31st, 2021—or whether it’s more likel

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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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Controversial Tax Lien Sale Legislation Expires, Leaving Future Unclear

Brownstoner

The city’s highly controversial tax lien sale program expired on Monday, but the future is uncertain for a practice long derided as predatory towards communities of color, particularly those who have built wealth through homeownership. Legislation authorizing the sale, which dates back to the administration of then-Mayor Rudy Giuliani, sunsetted on… Read More > The post Controversial Tax Lien Sale Legislation Expires, Leaving Future Unclear appeared first on Brownstoner.

Sales 68
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Second Century Ventures Names Seven Companies to its 2022 REACH Australia Tech Scale-Up Program

RIS Media

Second Century Ventures has announced the acceptance of seven companies to the 2022 REACH Australia program. Launched in 2019, REACH Australia is a unique technology scale-up program that helps propel technology companies throughout the real estate, finance, banking, home services and insurance industries across Australia and Southeast Asia. Companies selected for the 2022 program are domiciled in Australia, Indonesia and Singapore.

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Video of the Week: The Remarkable Horseshoe Hill Estate in Keswick, Virginia

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ?. Keswick, Virginia | Ann Hay Hardy & Frank Hardy, Frank Hardy Sotheby’s International Realty. Minutes from Keswick Hall and Jean Georges’ acclaimed Marigold restaurant, this turnkey gem offers all of life’s desired amenities.

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2022 Is Showing Signs of Timid M&A Activity in Real Estate

RIS Media

As the COVID-19 pandemic enters its third year, the disruptive effect of the global crisis is still on the minds of real estate executives, according to a recent study by Ernst & Young. More than one third (36%) of real estate executive respondents from commercial, residential and investment firms, say the pandemic caused short-term disruption to the industry, but a significantly larger portion—59%—indicated that the pandemic undoubtedly transformed the industry permanently.

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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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Home refinance options for 2022

The Mortgage Report

Explore home refinance options for any type of mortgage loan. Find the best refinance option for you.

Loans 93
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What Does it Mean to Win a Good Neighbor Award?

RIS Media

NAR PULSE—Good publicity is good for business, and you can’t get much better publicity than a Good Neighbor Award win. Nominate one of your agents for their extraordinary volunteer work and not only will they receive $10,000 if they win, but they will get major media coverage—putting them and your business in the spotlight! Learn more and apply by May 2nd.

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This is the easiest way to lose your credibility

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: This is the easiest way to lose your credibility. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. We talk a lot about the professionalism in the industry and about how we can make it better.

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Is AirDNA Worth It? What Are Other Top Alternatives?

Mashvisor

AirDNA has become one of the most popular short-term rental property analytics platforms on the internet—and today we’re going to answer the question on everyone’s minds: Is AirDNA worth it?

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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.