Wed.Dec 30, 2020

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How record-low mortgage rates changed everything in 2020

Housing Wire

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion.

Mortgages 545
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Why Selling Your House on Your Own in 2021 Is a Mistake

Keeping Current Matters

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale By Owner (FSBO) , it’s critical to consider the following items. 1.

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Pending home sales continue to slip as 2021 approaches

Housing Wire

U.S. pending home sales slid for the third consecutive month in November, dropping 2.6% year-over-year, according to a report from the National Association of Realtors. Year-over-year, contract signings increased by 16.4%. “The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” said Lawrence Yun, NAR’s chief economist. “It is important to keep in mind that the current sales and prices are far stronger than a year ago.” Home pr

Sales 534
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5 Pest infestations Known to Harm Your Home’s Resale Value

Realty Biz

For potential buyers, house hunting can be thrilling. However, exploring vibrant, new neighborhoods and touring potential dream-homes comes with a catch—hidden, potentially catastrophic, deterrents. Although perfect layout and lighting are critical components to consider, clients often dedicate a large portion of their house-tour to addressing—in detail— potential concerns.

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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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What fintech does your company need in 2021?

Housing Wire

2020 served as a real litmus test for mortgage technology and fintech. Between having to transition whole teams to work from home — in some cases over just a weekend — to dealing with crushing origination volume, companies could clearly see the advantages or disadvantages of the technology they had invested in. . For 2021, I talked with Scott Petronis , principal of Xcentric Consulting and one of the architects of HousingWire’s HousingStack ecosystem, about three areas of fintech he’s keeping an

Principal 411
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6 Long-standing Decor Trends That Won’t Stand the Test of Time in 2021

Lighter Side of Real Estate

Looking to start the new year in a home that feels fresh and modern? Before you embrace 2021’s decor trends, you may have to remove some items that make your rooms look a little outdated. Wondering where to begin? Take a look at the styles that are decidedly “out” for 2021 and the ones that are ready to replace them. 1- Barn doors are gettin’ put out to pasture.

Design 129

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The Essential Real Estate Website Launch Checklist: With Pro Tips

Jason Fox

The Essential Real Estate Website Launch Checklist: With Pro Tips. We've Got Your Real Estate Website Covered in One Complete List that Covers Everything from Testing, to WordPress, and Content. You've put a lot of time into developing your new real estate website and now you are ready to launch. Or are you? Launching your new site isn't as simple as pushing a button, Jason Fox Real Estate Marketing | Real Estate Websites.

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Real estate tech: EasyKnock, Realogy and Engel & Völkers

Housing Wire

EasyKnock has rolled out another sale-leaseback product for homeowners. With this initiative, homeowners can sell their home and remain living there rental payment-free until they find their new abode. EasyKnock said that this service enables the homeowner to leverage their equity as payment, so they are living without the out-of-pocket expenses during their transition period.

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2021 Predictions

BubbleInfo

Let’s try to predict what will happen in 2021! For fun, our reader The Old Man suggested we look back at the predictions for 2020. I had guessed that sales would drop 10%, with the NSDCC median price rising 2% to 3% – here’s last year’s blog post: [link] The 2020 sales count is already […].

Sales 116
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Appraisal Institute names Rodman Schley president

Housing Wire

Rodman Schley was selected to become the next president of the Appraisal Institute (AI) beginning Jan. 1, succeeding appraiser Jefferson Sherman, according to the trade organization. Schley, a senior managing director at BBG in Colorado, served as vice president of the trade group in 2019. He has served on the Appraisal Institute’s board of directors, the strategic planning committee, the governance structure project team and the national nominating committee.

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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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Villa Firenze: the $160 Million Beverly Park Estate Is Headed for Auction

Fancy Pants Homes

It’s official: the ultra-luxurious Villa Firenze, which long held the title of most expensive home in the U.S. is now headed for auction. The North Beverly Park property has been lingering on the market for two years now, with a staggering listing price of $160 million. With no buyers in sight, its billionaire owner, Steven Udvar-Hazy, commissioned Concierge Auctions to work alongside Jeff Hyland and Rick Hilton (of leading L.A. brokerage Hilton & Hyland) to hold an online auction.

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How the mortgage interest deduction helps homeowners

The Mortgage Report

The mortgage interest deduction is a tax break for those who itemize their deductions on a Schedule A. Here's how the mortgage interest deduction helps you.

Mortgages 117
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Namaste at Home: Yoga Props You Already Have in Your House

Realtor.com

Westend61/Getty Images This year, the pandemic forced the closure of gyms and exercise studios all around the country, and workout enthusiasts were forced to embrace sweating from home. Some regular gymgoers took the time to embrace yoga at home and vowed to carve out a practice space. While yoga doesn’t have a high barrier to entry, some equipment is required.

As-is 104
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5 Tips to Make Moving Less Stressful

Realty Biz

There are not many things quite as stressful as moving into a new home. First, you have to deal with the physical hassle of packing and moving, and then learn your way around your new neighborhood. This can be a lot for someone who has a day job and other daily activities to take care of. If you are struggling to figure out a quick and hassle-free way to move to your new home or apartment, these simple tips might come in handy for you: Hire a reputable moving company.

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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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This Week’s Bestsellers From Publishers Weekly

RIS Media

Here are the bestsellers for the week that ended Saturday, Dec. 12, compiled from data from independent and chain bookstores, book wholesalers and independent distributors nationwide, powered by NPD BookScan © 2020 NPD Group. (Reprinted from Publishers Weekly, published by PWxyz LLC. © 2020, PWxyz LLC.). Hardcover Fiction. 1. Ready Player Two. Ernest Cline.

Land 104
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Mortgage and refinance rates today, December 30, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, and are at or immediately adjacent to their all-time low. These rates have moved so little recently that some […].

Mortgages 103
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‘Game of Thrones’ Star Emilia Clarke Sells Venice Home for $4.4M

Realtor.com

Jeff Spicer/Getty Images “Game of Thrones” star Emilia Clarke has been playing the real estate game—and she didn’t come away unscathed. Clarke, 34, just sold her eye-catching pad in Venice, CA, for $4.4 million, realtor.com® can confirm. Juliette Hohnen from Douglas Elliman and Ruby Fay of Pinnacle Estate Properties held the listing. Katie Pardee with Halton Pardee + Partners represented the buyer.

Design 102
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Daily Links: Stores Can Continue to Sell on Sidewalks Through Fall, Mayor Says

Brownstoner

In the News New York’s Real Climate Challenge: Fixing Its Aging Buildings [NYT] A Family of Four and a Home Office, in 660 Square Feet in Cobble Hill[NYT] Deno’s Adds Another Wonder in Coney Island [Eagle] City Installs Cameras to Catch Drivers in Jay Street Busway [BP] Advocates Look Back on Long Campaign for 7th… Read More > The post Daily Links: Stores Can Continue to Sell on Sidewalks Through Fall, Mayor Says appeared first on Brownstoner.

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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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What is PITI? Mortgage payments explained

The Mortgage Report

PITI stands for Principal, Interest, Taxes, and Insurance: the 4 parts of your monthly mortgage payment. Find out why your PITI payment matters.

Mortgages 111
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2021 New-Agent Recruiting

RIS Media

Four Prime Recruiting Targets for New Agents in the Coming Year. 2021 is looking like it could be another banner year for real estate activity. Danielle Hale, realtor.com chief economist, is predicting that sales will be up 7 percent next year, with prices rising another 5.7 percent. The market will be driven by strong demand, a recovering economy and continued low mortgage rates.

Agents 99
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Interesting Facts About New Years

Waterfront Properties

Countries around the world have their own unique New Years Eve and New Years Day traditions. Many of them are widely known and others get more creative while celebrating the end of one year and the beginning of a new year. This year, the holiday plans might be altered a little bit but certain holiday traditions will continue on into the new year. Here are some interesting facts about New Years.

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Predicting 2021 Frenzy With Numbers

BubbleInfo

Yesterday, Rob Dawg got started on his prediction on next year’s market: Is this the official JtR 2021 prediction thread? If so I will post again but for now… The huge demographic groundswell of house-ready millennials will drive prices much higher. The municipal imposition of covering costs plus will make new supply rare. Money printing […].

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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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Weichert Year in Review: Finding Success in Unprecedented Times

RIS Media

In a year that challenged businesses to rethink and reframe the way they handle transactions and safely interact with customers, real estate services company Weichert has adapted to not only survive but thrive in 2020, according to a report released this week by the firm. Like all companies, Weichert had to contend with keeping its sales associates and customers safe.

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Best Places To Grab Breakfast

Waterfront Properties

Northern Palm Beach County is home to many great local and delicious restaurants, diners, and cafes that are open and serve breakfast. Breakfast is often considered the most important meal of the day for many reasons. Many studies have linked eating breakfast to good health, a boost in energy and alertness, and many others. If you are on the lookout for a great spot to grab some breakfast during the week or on a weekend, here is a list of just some of the best breakfast spots to grab some pancak

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6 Long-standing Decor Trends That Won’t Stand the Test of Time in 2021

Lighter Side of Real Estate

Looking to start the new year in a home that feels fresh and modern? Before you embrace 2021’s decor trends, you may have to remove some items that make your rooms look a little outdated. Wondering where to begin? Take a look at the styles that are decidedly “out” for 2021 and the ones that are ready to replace them. 1- Barn doors are gettin’ put out to pasture.

Design 98
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Alexander W. Dreyfoos School of The Arts String Orchestra Virtual Concert, Präludium from Nielsens Little Suite for Strings

Waterfront Properties

The Alexander W. Dreyfoos School of the Arts is an all-arts public magnet high school in Palm Beach County. This prestigious A school consistently ranks in the upper 2 of all schools according to U.S. News, and art areas include theatre, music, dance, visual arts, digital media, and communications. One of the most unique schools in the United States, this audition and portfolio admission-based school brings together a class of amazingly diverse, highly motivated, driven students who give bac

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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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Setting the Stage for Continued Success

RIS Media

Michael Patterson. Broker/Owner. RE/MAX Ikon. Timonium, Md. www.ikonone.com . Region served: Baltimore Metropolitan area. Years in real estate: 28. Number of offices: 1. Number of agents: 10. Work philosophy/motto that you live by: I want to make sure that I treat everyone the way I would want them to treat my mother. You recently converted your team from Keller Williams to RE/MAX, opening your own office as part of the transition.

Staging 98
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Sotheby’s International Realty® Brand Opens First Office in South Korea

Sotheby's International Real Estate

Sotheby’s International Realty today announced that WP Realty in the country of South Korea is the newest member of its global network and will now operate as Korea Sotheby’s International Realty. The addition marks the brand’s first affiliated office in the country and its continued strategic growth in Eastern Asia, bringing its presence in the region to 18 offices.

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What’s Your 2021 Real Estate New Year’s Resolution?

RIS Media

2020, many would agree, is one we were happy to leave in the rearview. Although there have been some things to celebrate, like record low interest rates, those developments have been few and far between. With vaccines rolling out across the country and Christmas behind us, it’s time to put your 2021 business plan in action as we look forward to a much more positive year!

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How to Determine the Value of Your Home in 8 Easy Steps

HomeLight

You’ve owned your home for several years, made some upgrades, and now you’re starting to think about what your home might be valued at today. Or maybe you purchased your home more recently, but you want to do improvements in the hopes of increasing its value for a sale somewhere down the road. Whatever the reason, you want to know how to determine the value of your home.

Sales 95
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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.