Fri.Aug 20, 2021

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Here’s where the oldest and youngest homeowners live

Housing Wire

Have you ever considered the median age of homeowners in your area? According to a study conducted by LendingTree, homeowners gravitate towards specific parts of the country depending on their age. Millennial buyers, for instance, are more prominent in Colorado while older buyers are more likely to put down roots in Ohio. . These are the places with the oldest average homeowners: 1.

Mortgages 545
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Options for First-Time Homebuyers [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. With a housing market this competitive , sometimes you have to think outside the box. Work with your trusted real estate advisors to do things like assess your budget , expand your search radius , look into other options , and determine your true needs. If you’re having trouble finding your first home, explore your options. It’s out there!

Marketing 236
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Low-fee, alternative models lead real estate on Inc. 5000

Housing Wire

Low-fee, team brokerage and alternative models lead the 2021 Inc. 5000 rankings, mirroring the 2021 RealTrends 500 rankings. Some 69 fast growing real estate brokerage firms, teams and alternative models made the list. Top Verticals. Growth. Mortgage. Tech & Solutions. Title. At the top of the real estate/alternative model category, at No. 56, was Big Block Realty , which ranked No. 160 by sides and No. 91 by volume in the RealTrends 500 (RT500).

Brokerage 433
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Demolition Permit Filed for Park Slope’s Grand Prospect Hall

Brownstoner

The dream is coming to an end. Grand Prospect Hall may soon be demolished, as the property’s new owner has filed demolition permits for the iconic Prospect Avenue structure, public records show. The banquet hall is one of several connected buildings between 253 and 273 Prospect Avenue that are being… Read More > The post Demolition Permit Filed for Park Slope’s Grand Prospect Hall appeared first on Brownstoner.

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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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Minority borrowers struggled in 2020: HMDA

Housing Wire

The mortgage market had a stunning year in 2020, with closed-end originations increasing by 65.2% from the year prior, a Home Mortgage Disclosure Act (HMDA) report published by the Consumer Financial Protection Bureau this week disclosed. But some of the industry’s same problems remained in 2020. According to the report, comprised of data provided by 4,472 financial institutions, the increase was predominantly driven by the refi wave , with originations jumping from 8.3 million in 2019 to

Loans 424

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OJO Labs leads list of tech companies on Inc. 5000

Housing Wire

Only 28 private technology companies that provide solutions for mortgage and real estate made it into the 2021 Inc. 5000 list. (Some of these are listed on the Inc. list under Real Estate or Financial Services, but they are tech providers.). Top Verticals. Growth. Mortgage. Real Estate. Title. The top ranked company, OJO Labs at No. 49 , saw an incredible 6767% growth.

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10 Outdoor Rooms You’ll Want to Recreate in Your Own Backyard

HomeLight

There’s never been a better time to invest in the outdoor room of your dreams. Not only do these outdoor paradises provide relaxation and joy today, but they also boost value and curb appeal for resale tomorrow. HomeLight’s data shows that outdoor spaces are trending big time, with 31% of top agents citing more outdoor space as a top motivator for homebuyers today.

Design 109
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Tech-centered mortgage lenders top Inc. 5000 list

Housing Wire

Over 70 mortgage lenders and brokers made the cut on Inc. Magazine’s list of the 5,000 fastest growing companies in America for 2021. To grace the list, a business, which must be privately held and based in the U.S., had to have generated revenue by March 31, 2017, making at least $100,00 that year. Additionally, a business had to meet a minimum revenue threshold of $2 million in 2020.

Mortgages 393
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Need Help Selling Your House? These 6 Pros Can Help

HomeLight

If you’re overwhelmed by the prospect of prepping your home to sell don’t be. You don’t need to take on this Herculean task alone. There are several real estate experts who can help you sell your house, regardless of its current condition. We’ll introduce you to six experts to guide you each step of the way. For added insight, we interviewed Sherry Ekdawy , a top-selling agent, designer, and contractor in Phoenix, Arizona.

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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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Here’s how Priority Title & Escrow made the Inc. 5000 list

Housing Wire

Buoyed by the volume of mortgage originations in 2020, 12 title companies made the Inc. 5000 list this year. Like all the companies on the list, those in title dealt with the special challenges of pandemic conditions and found a way to grow despite those. Priority Title & Escrow — a 15-year-old company — outranked them all, notching 617% growth to land No. 793 on the list.

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The Realtor’s Cut of the Sale is 6%: We Breakdown Commission by Sale Price

HomeLight

The average Realtor®’s cut of the sale is 6% of the home sale price. The commission is split between the listing agent and the buyer’s agent to compensate them for their services. It’s customary for the seller to pay the commission, deducting money from the sale price. For all the details on agent commission, we interviewed Jeff Reynolds , a real estate agent in La Plata County, Colorado, with more than seven years of experience.

Sales 109
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Keller Williams wants to be a different kind of iBuyer

Housing Wire

Raymond “RJ” Jones, head of Keller Offers and Keller Manage. It can no longer be said that iBuying is merely the domain of venture capital-backed startups or buzzy listings platforms. It’s gone relatively mainstream. In just the past few weeks, nonbank mortgage lenders Rocket Companies and Better.com have revealed plans to instantly buy homes from their customers and also pair their services with in-house real estate agents.

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Connecticut Home Sellers Can Expect to Pay These Closing Costs

HomeLight

If you’re selling a home in Connecticut, you should familiarize yourself with closing costs that sellers pay to finalize the transaction. The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. For example, a seller’s closing costs for a median sale price of $280,000 would range between $16,800 to $28,000, depending on various sale factors.

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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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Homebuyer Traffic Cools in July, Per Data From ShowingTime

Realty Biz

ShowingTime, the residential real estate industry’s leading showing management and market stats technology provider, found that showing activity slowed during July compared to prior months, but still remained at historic levels with 110 markets averaging more than 20 showings per listing during the first five days, per data from the ShowingTime Showing Index ® , “In general, there are definite signs of cooling demand,” said ShowingTime President Michael Lane. “However, bu

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Kingston Design Connection Preps for Fourth Annual Showhouse With a Focus on Affordabilty

Brownstoner

After forging ahead amidst the pandemic last year, the Kingston Design Showhouse is returning again this fall with another transformation highlighting the design skills of the Hudson Valley. The annual showhouse is hosted by Kingston Design Connection, a network for Hudson Valley area creatives, founded by designer Maryline Damour of Damour… Read More > The post Kingston Design Connection Preps for Fourth Annual Showhouse With a Focus on Affordabilty appeared first on Brownstoner.

Design 105
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Mortgage and refinance rates today, August 20, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates fell yesterday, wiping out Wednesday’s rise. And they begin this morning just a shade lower than they were at the same time […].

Mortgages 105
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Women in Real Estate: How one REALTOR Fights Against Domestic Violence

RIS Media

For Ida Petkus , a home is more than four walls and a roof. It should also be a safe space for their owners. Petkus, a REALTOR® with Berkshire Hathaway HomeServices Florida Realty, has worked to ensure that people can live safely in their homes. However, after more than a decade of advocating for domestic violence victims, she knows that isn’t always the case. “I don’t think that crosses people’s minds until it is in front of them,” Petkus says, remembering her firs

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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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21 Features That Can Negatively Affect Your Home Appraisal

HomeLight

After all the work of preparing, marketing, and showing your house, it’s finally under contract at top price. You think your house sale is all wrapped up — but you’re not done yet. Typically within a week after you’ve had the house inspected, you’ll most likely have to endure a home appraisal , a professional assessment of your home’s value. “The purpose of an appraisal is to determine the market value of a home at a specific point in time,” explains Bra

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Green Certifications Becoming More Valuable in Commercial Real Estate

RIS Media

Brokers and agents are increasingly seeing the value of green home certifications, particularly in the commercial real estate space. The National Association of REALTORS® recently released its 2021 REALTORS® & Sustainability: Commercial Report , detailing how members are perceiving the sustainability issues facing the industry. The findings: – 18% of respondents said their Commercial Information Exchange (CIE) had green data fields, which were used to promote energy information and gre

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Jupiter Lighthouse Moonrise Tour

Waterfront Properties

Visit the Jupiter Inlet Lighthouse and Museum for a screaming good time and spectacular evening view of a full moon from atop of the Jupiter Lighthouse The next full moon is August 22, 2021, and it is called a Sturgeon Moon. The Full Moon in August is named after North Americas largest fish, the lake sturgeon. Other names for this Full Moon include Grain Moon, Green Corn Moon, Fruit Moon, and Barley Moon.

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Survey: Many Have Not Refinanced Despite Historically Low Interest Rates

RIS Media

A new Bankrate.com survey found that only 19% of homeowners who had mortgages before the pandemic have refinanced, despite interest rates plunging. A lack of knowledge regarding the potential savings was cited as the most common reason. Further, 38% of mortgage holders do not even know their current interest rate, and almost half (47%) have not considered refinancing despite the fact that many would likely benefit.

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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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ADU Approval Process Is Deplorable

BubbleInfo

Last month, we heard from an architect on how bad the ADU permit process had been in San Diego. Now here’s a report from our good friends at the PLF: [link] An excerpt: Pacific Legal Foundation obtained public records from San Diego and Riverside Counties (two of the most populous counties in the state) to […].

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Rent Growth Outpaces Pre-Pandemic Expectations

RIS Media

Recent surges in rent prices have made it appear as though the pandemic never happened, according to recent market reports from Zillow®. The rebounding rental market was red-hot in July, as rent prices surged beyond levels they would’ve been based on pre-pandemic trends. According to Zillow, rent growth continued to build on the momentum that began in March, as U.S. typical monthly rents rose by 9.2%, or $156, in July compared to the same period last year.

Sales 102
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United Wholesale Mortgage will accept bitcoin for home loan payments

Realty Biz

United Wholesale Mortgage has said it intends to let homeowners pay off their mortgages in bitcoin later this year. The company, which went public last January via a special purpose acqusition merger, said this week it intends to accept “cryptocurrency” as payment for home loans. Detroit Free Press, which first reported the story , said UWM will become the first mortgage firm in the U.S. to do so.

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United Real Estate Ranks on Inc. Magazine 5000 List

RIS Media

Inc. Magazine, a national publication focusing on growing companies, revealed this week that United Real Estate Group® has once again made the Inc. 5000 list. This prestigious ranking lists the fastest-growing private companies in the United States each year. The list represents a unique look at the 5,000 most successful companies within the most important segment of the economy—America’s independent entrepreneurs.

Agents 102
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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.