Mon.May 17, 2021

article thumbnail

What if mortgage rates don’t rise this year?

Housing Wire

With the economic expansion well underway, one big question remains: When will mortgage rates move toward 4% and higher? Mortgage rates increased toward 3.25% in mid-February from the recent all-time lows of 2.625% at the start of the year, but then retracted to around 3.0% currently. The bond market in 2021 has been above 1.60% for a brief time, with a recent high of about 1.75%.

Mortgages 512
article thumbnail

Don’t Forget to Budget for Closing Costs

Keeping Current Matters

When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia : “ When you close on a home, a number of fees are due.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The curious case of the enduring sub-3% mortgage rate

Housing Wire

Historically low mortgage rates had their moment in the sun in 2020. They rested far below 3% for months before America’s economic rebound pushed them back up in the winter of 2021. But data released on Thursday from Freddie Mac showed that mortgage rates idled below 3% again for an entire month, even with solid first-quarter GDP figures and encouraging consumer spending numbers.

Mortgages 462
article thumbnail

Toronto and Vancouver Insolvencies Make The Biggest Jump In Years

Better Dwelling

Toronto and Vancouver are both seeing an unusual surge of insolvency filings. Office of the Superintendent of Bankruptcy Canada (OSB) filings show a huge jump in March. Insolvencies, both bankruptcies, and consumer proposals, hit the highest level since the pandemic. Toronto Insolvencies Jump 22% In March Toronto insolvencies made an abrupt jump, claiming the biggest […].

article thumbnail

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.

article thumbnail

Senators reintroduce bill to allow remote online notarizations

Housing Wire

Could it finally be happening? Senators Mark Warner (D-Va.) and Kevin Cramer (R-N.D.) have reintroduced federal legislation that would allow remote online legislation (RON) nationwide. Dubbed the Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act, the bipartisan legislation would permit “immediate nationwide use” of RON by every notary in the United States.

Title 454
article thumbnail

Who qualifies as a first-time home buyer?

The Mortgage Report

Who qualifies as a first-time home buyer? It's not always straightforward. You might qualify, even if you've previously owned a home.

Mortgages 136

More Trending

article thumbnail

How to Optimize Your LinkedIn Profile to Attract Prospects (For Real Estate Agents)

Jason Fox

How to Optimize Your LinkedIn Profile to Attract Prospects (For Real Estate Agents). There are a few reasons why businesses and individuals turn to LinkedIn. It’s one of the most trusted social networks, there’s less nonsense filling up the feed, and it’s the ideal place to go for business networking and relationship making. But, are you making the most out of your LinkedIn efforts?

Agents 111
article thumbnail

ALTA Advocacy Summit set for May 18-20

Housing Wire

The American Land Title Association (ALTA) will be hosting approximately 400 people at the ALTA Advocacy Summit , the second virtual version of the association’s annual congressional fly-in, on May 18-20. The event includes discussions and forums on public policies regarding remote online notarization (RON), digital closings, federal tax policy, cannabis banking legislation, and more.

Title 320
article thumbnail

A Return to Normal in Sight: NAR Provides Economic and Housing Market Predictions

RIS Media

A buzzing housing market appears to have been a precursor to the nation’s post-pandemic bounceback, and real estate experts don’t see an end in sight as the economy recovers. “What an amazing year for real estate, but…it’s been a difficult year on many fronts…fortunately, it looks like we are very close to getting back to normal,” said Lawrence Yun, chief economist for the National Association of REALTORS® (NAR).

Marketing 111
article thumbnail

Top Millennial Hot Spots in 2021 – 85 Canadian Cities Ranked

Point2Homes

Update: This article has been updated with the most recent available data. The 2018 version of the analysis can be found below the current study. Three years and a global pandemic have really changed what Millennials expect from an ideal home, a livable city and a great place to work and raise a family. Back in 2018, our analysis about the best cities for Millennials revealed that Québec City, Victoria and Guelph were the most desirable urban centers for young people at the time.

As-is 105
article thumbnail

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.

article thumbnail

High-Touch, High-Impact Distinguish Robinson Upshur Team

RIS Media

Above: The Robinson Upshur Team: Top L to R: Cory Hudson, Alan Upshur, Leon Robinson; Bottom L to R: Arlene Marshall, Nancy Hargrove. Real estate was a natural calling for Baltimore native Leon Robinson, who knew, from the day he graduated from the city’s Western School of Technology, that he wanted a career in a business that offered a flexible lifestyle and unlimited opportunity.

article thumbnail

4 Things to Do Before Selling a Property

Rent, Buy & Sell

Selling a property can be a complex process, particularly if it’s not something you’ve done before. Most people only sell property a few times throughout their life, so don’t panic if you’re not sure where to start. By taking the time to prepare in advance, you can streamline the process and potentially increase the sale price. To get started, take a look at these four things to do before selling a property: selling a property. 1.

Sales 105
article thumbnail

New Owner, New Look for Stalled Development Site at Long-Shuttered Fort Greene Gas Station

Brownstoner

A long-shuttered gas station and long-stalled development site on Vanderbilt in Fort Greene has a new owner and new renderings. All-Year Management and ODA are out; Dumbo-based Tankhouse, cofounded by the son of Pritzker Prize-Winning architect Thom Mayne, plans a mix of retail and apartments at 134 Vanderbilt Avenue that… Read More > The post New Owner, New Look for Stalled Development Site at Long-Shuttered Fort Greene Gas Station appeared first on Brownstoner.

article thumbnail

9 Best Home Organization Projects Based on How Much Time You Have

Realtor.com

Getty Images You’re running late, you can’t find your keys, and your child is asking you where his lunchbox is. Honestly, you have no idea! We’ve all been there. After a year of our living, working, and recreating at home, all of our houses are in need of a dust-down and reorg. And the truth is, taking on a few simple organization projects won’t just make your life easier—it will also make it better.

Design 101
article thumbnail

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.

article thumbnail

Closing Time: How Long Does it Take to Close on a House

Maximum Exposure Real Estate

How Long Will It Take to Close Once an Offer is Accepted? Are you wondering how long it takes to close on a house? One of the questions I get asked from home sellers is what they can expect the time frame to be from start to finish. Those who are buying a home for […]. The post Closing Time: How Long Does it Take to Close on a House appeared first on Massachusetts Real Estate Exposure.

Closing 99
article thumbnail

3 Steps to Becoming a Top-Producer

RIS Media

The COVID-19 pandemic didn’t just change the way we do business, but also how we connect and recognize our agents. After some head-scratching and numerous glitchy virtual meetings, I wanted to find a creative way to regain that personal face-to-face interaction that’s crucial to leading my market successfully. My agents did a phenomenal job in 2020, serving their clients through unprecedented waters to close transactions; for that, they should be honored.

article thumbnail

Why pay commission to a Realtor?

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: Why pay commission to a Realtor? Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. During my career I have heard many versions of these two questions: “Why should I pay a Realtor to sell my property?

98
article thumbnail

RE/MAX Brand Report: National Housing in April 2021

RIS Media

On average, April home sales took just 32 days from listing to going under contract, while the median sales price rose to $320,000—both new records in the 13-year history of the report. These stats, and other key indicators, including a report record April for sales, signal a potentially torrid market going into the traditional peak sales months of May through August.

article thumbnail

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.

article thumbnail

Scenic Tour of the Loxahatchee River

Waterfront Properties

The Loxahatchee River tour starts out narrow and twisty as it meanders its along its way downstream from Riverbend Park toward the Atlantic Ocean. On this guided tour through the wild amp; scenic Loxahatchee River, you will get to encounter a rich diversity of wildlife, history, and wildlife. The wild and scenic Loxahatchee River is a 7.6-mile-long river and flows out of the Jupiter Inlet and into the Atlantic Ocean.

Design 98
article thumbnail

Park Slope Townhouse With Park Views, Roof Decks, Wood-Burning Fireplace Asks $8 Million

Brownstoner

Sited across the street from Prospect Park, this neo-Federal townhouse offers a refined brick and limestone facade along with some period details on the interior, more recent renovations and an optional deeded car condo. Within the Park Slope Historic District, 20 Prospect Park West dates to the early 20th… Read More > The post Park Slope Townhouse With Park Views, Roof Decks, Wood-Burning Fireplace Asks $8 Million appeared first on Brownstoner.

article thumbnail

Jupiter Summer Fest This Saturday

Waterfront Properties

Jupiter’s Downtown Abacoa is currently preparing to host their annual Jupiter Summer Fest happening this Saturday, May 22nd. The Jupiter Summer Fest is an all-access pass to try beer, wine, and spirits from around the world. The event is happening at the Abacoa Amphitheater with all of your favorite local brews, exotic wines, specialty drinks, and much more.

96
article thumbnail

Initiative Aims to Keep Prospect Park Looking Green and Clean During Warm Months

Brownstoner

After a year of heavy use stemming from the coronavirus pandemic, Prospect Park is launching a program to keep its grounds shipshape ahead of the summer season. The initiative, dubbed Re:New Prospect Park, aims to keep the green space clean and well maintained, with a focus on trash management, park improvements… Read More > The post Initiative Aims to Keep Prospect Park Looking Green and Clean During Warm Months appeared first on Brownstoner.

115
115
article thumbnail

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.

article thumbnail

Inventory Watch

BubbleInfo

I had said previously that the frenzy will run out of gas in June. I’m sticking with it. There aren’t enough new listings coming to market to keep the buyers’ interest. It is the momentum of seeing hot new listings flying off the market every week that keeps the frenzy cooking. The inferior homes won’t […].

article thumbnail

Should You Submit an Application to a Different Lender if Your Mortgage Preapproval Was Denied?

RIS Media

Before you start looking for a new home, you should get preapproved for a mortgage. This will help you figure out how much you can afford to spend and show a seller that you’re a serious and qualified buyer. If you submit a preapproval application and get denied, you will have to figure out if you should apply for preapproval through a different lender or put your home-buying plans on hold.

article thumbnail

Enlightenment at Morikami Museum – Delray Beach

Waterfront Properties

The search for meaning is a never-ending journey through life’s peaks and valleys. To give tribute to this never-ending journey, the Morikami Museum and Japanese Gardens, located at 4000 Morikami Park Road, Delray Beach will present “Painting Enlightenment: Experiencing Wisdom and Compassion through Art and Science”. This exhibit features the work of Japanese scientist-turned-artist Iwasaki Tsuneo, through September 19, 2021.

As-is 92
article thumbnail

Home-Builder Confidence Remains Strong, but Buyers Should Expect Rising Prices

Realtor.com

Getty Images The numbers: Despite a multitude of factors making construction more challenging, home builders remained confident in the state of the housing market, according to an industry trade group. The National Association of Home Builders’ monthly confidence index held steady at a reading of 83 in May, the trade group said Monday. Index readings over 50 are a sign of improving confidence.

article thumbnail

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.

article thumbnail

Simple Ways to Lower Your Electric Bill

RIS Media

If you’re like many homeowners, your electric bill takes up a significant portion of your monthly income. There are several steps you can take to reduce your energy usage that will take very little time and will have little or no impact on your day-to-day life. Make Your Fridge More Efficient. Check the recommended temperatures for your refrigerator and freezer, and compare them to your current settings.

Closing 92
article thumbnail

Century 21 Red Star Realty expands to Hamilton and Milton

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: Century 21 Red Star Realty expands to Hamilton and Milton. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Nik Sharma, owner of Century 21 Red Star Realty in Brampton, Ont. is opening new offices in Hamilton and Milton.

91
article thumbnail

What You Need to Know About Homeowners Insurance Coverage for Valuables

RIS Media

If your jewelry, artwork, furs or other valuable possessions get damaged by a covered peril, such as a storm or fire, or if they get stolen, a standard homeowners insurance policy will provide coverage. However, a standard policy will generally limit coverage for valuable items that can be easily lost or stolen, such as jewelry. . If you have one or more pieces of expensive jewelry or other valuables, or if the total value of your valuables exceeds your current coverage limit, raise the issue wi

Agents 92
article thumbnail

Mortgage and refinance rates today, May 17, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower last Friday. That was a welcome end to the week following four consecutive days of rises. Mortgage rates today look […].

article thumbnail

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.