Housing Wire

NOVEMBER 19, 2020

The average U.S. mortgage rate for a 30-year fixed loan fell this week to 2.72%, Freddie Mac said in a report on Thursday – the lowest rate in the survey’s near 50-year history. This week’s rate broke the previous record set on Nov. 5 by 6 basis points. The average fixed rate for a 15-year mortgage also fell by 6 basis points to 2.28%. After this week’s record drop, there have now been 17 consecutive weeks when average mortgage rates have been below 3%.

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Mortgages Construction Loans As-is 546

Eye on Housing

NOVEMBER 19, 2020

Fueled by record-low mortgage rates and strong demand, existing home sales, as reported by the National Association of Realtors (NAR), rose for a fifth consecutive month in October and reached its highest level in almost 15 years. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, rose 4.3% to a seasonally adjusted annual rate of 6.85 million in.

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Housing Wire

NOVEMBER 19, 2020

The Department of Justice (DOJ) filed a lawsuit against the National Association of Realtors (NAR) on Thursday, alleging a series of violations of antitrust law, including commission arrangements and consumer disclosure requirements. NAR has adopted a “series of rules, policies, and practices governing, among other things, the publication and marketing of real estate, real estate broker commissions, as well as real estate broker access to lockboxes, that have been widely adopted by NAR’s m

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Purchase and sale agreement MLS As-is Sales 545

Realtor.com

NOVEMBER 19, 2020

Blair_witch / Getty Images Winter is typically a buyer’s market. Between the chilly weather and the holidays, homes for sale often sit much longer without offers, which means that the few buyers who do venture out are poised to have the upper hand with sellers and get a great deal. Yet this winter, buyers might not have it so easy. “Normally winter is a good time for buyers,” says Danielle Hale , chief economist at realtor.com®.

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Pre-approval Mortgages Loans Lending 133

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

Technology

Housing Wire

NOVEMBER 19, 2020

Existing home sales came in at a whopping 6,850,000 , beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% year over year. The housing market is hot. While we celebrate these strong numbers, keep in mind these three points: First, expect the data to moderate, so don’t freak out when we see the rate of growth cool down.

Marketing 545

Marketing Sales Days on market Mortgages 545

Housing Wire

NOVEMBER 19, 2020

A slim majority of California residents voted in favor of Proposition 19 on Election Day, green-lighting a motion that gives new property tax breaks to older homeowners while increasing property taxes for those inheriting their parents’ or grandparents’ properties. The latter is a big deal for the roughly 650,000 Californians who, since 2010, have received a tax break allowing them to maintain their relatives’ low property taxes when they inherit the home.

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Residential Mortgages As-is Marketing 482

Eye on Housing

NOVEMBER 19, 2020

An expected impact of the virus crisis is a need for more space, as people use their homes for more purposes. And while this measure has not increased significantly yet, new home size appears to be leveling off after years of decline. According to third quarter 2020 data from the Census Quarterly Starts and Completions by Purpose and Design and. Read More › The post New Single-Family Home Size Leveling Off Before Rising first appeared on Eye On Housing.

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Design As-is 124

Housing Wire

NOVEMBER 19, 2020

Digital notary platform NotaryCam announced on Wednesday it has been awarded the Remote Online Notarization (RON) Compliance Certification through the Mortgage Industry Standard Maintenance Organization (MISMO) – making it the eighth company to receive the specialized certification. Originally introduced in April, the MISMO RON compliance certification was designed to assure RON tech providers meet a universal set of standards including credential analysis, borrower identification, capturing and

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Technology Principal Development Industrial 451

RIS Media

NOVEMBER 19, 2020

During a time when the real estate market is hot, real estate agents are having trouble finding one thing: listings. This year is completely unprecedented, and you may feel that you need a few tips to generate more listings for your business. This week, we had Larry Kendall, author of Ninja Selling and practicing agent of 44 years, join us for our Secrets of Top Selling Agents webinar, where he shared 10 tips to generate more listings the Ninja way. 1.

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Investor Agents As-is Marketing 119

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

Development

Housing Wire

NOVEMBER 19, 2020

Homeowners in Charlotte, North Carolina and Raleigh, North Carolina can now use Knock Home Swap to purchase their new home before selling their old one. The solution is now available in 11 markets in six states. Home Swap is offered exclusively through local real estate professionals who have been trained as Knock Certified Agents. In North Carolina, Home Swap will be offered through Better Homes & Gardens Real Estate Paracle , Wilkinson ERA Real Estate and ERA Live Moore.

Equity 417

Equity Agents Loans Design 417

The American Genius for Real Estate

NOVEMBER 19, 2020

(TECH NEWS) As the pandemic makes proptech even hotter, savvy real estate pros need to know what tech tools can do for their business. The post Realtors and agents, take advantage of your proptech appeared first on The American Genius Real Estate.

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Agents Technology 119

Housing Wire

NOVEMBER 19, 2020

The mortgage industry is responding with mixed reviews to the Federal Housing Finance Agency ‘s Final Capital Rule for mortgage giants Fannie Mae and Freddie Mac, which it released on Wednesday. The final rule mandates that the GSEs maintain tier 1 capital in excess of 4% to avoid restrictions on capital distributions and discretionary bonuses.

Industrial 339

Industrial Finance Mortgages Lending 339

The American Genius for Real Estate

NOVEMBER 19, 2020

(REAL ESTATE ASSOCIATION) The NAR amended their code of ethics to cover hate speech online - a decision for which we’ve been waiting for years. The post NAR updates code of ethics – here’s why it matters appeared first on The American Genius Real Estate.

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Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Better Dwelling

NOVEMBER 19, 2020

Canada’s emergency benefit applications are giving a little more insight into income disruption. Canada Revenue Agency data presented to the House of Commons shows a breakdown of CERB applicant income from last year. The data, first reported by Blacklock’s Reporter, shows hundreds of thousands of applicants didn’t file taxes at the time of application.

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Mortgages 117

Realtor.com

NOVEMBER 19, 2020

fstop123/Getty Images The financial pain wrought by COVID-19 has rippled through the housing market. Even folks lucky enough to own their own homes in a time of record-high house prices and a historic shortage of properties for sale haven’t been immune to the harsh economic impact of the pandemic. While homeowners have typically fared better than renters, many lost income and fell behind on their mortgage payments.

Marketing 114

Marketing Mortgages Loans As-is 114

Brownstoner

NOVEMBER 19, 2020

Editor's note: Brownstoner founder Jonathan Butler is back at it -- blogging, that is, on Instagram with the handle @real_estate_bites. We're pleased to run some of his snapshots of what he sees happening around Brooklyn here as a weekly column. Please note the views expressed are his own. … Read More > The post Real Estate Bites: Sanitation Truck Depot Slated for Brooklyn’s Park Avenue appeared first on Brownstoner.

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As-is Development 111

Realtor.com

NOVEMBER 19, 2020

HGTV Drew and Jonathan Scott have fixed up plenty of old, damaged homes in their day. But their latest project on “Property Brothers: Forever Home” hasn’t been roughed up by time—but rather by two young boys playing ball in the house. In the “Home Run Reno” episode, the Scott brothers meet an athletic family that needs an updated home base where it can gather after the boys’ baseball games.

Renovation 113

Renovation As-is 113

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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

Brokerage

RIS Media

NOVEMBER 19, 2020

This has been a year of upheaval for real estate, but now that we are nearing the end of 2020, we can look back and see how we made it through after adapting quickly and becoming more flexible in how we do business. Looking ahead, I see two trends that emerged in 2020 that will continue into next year. First-Time Buyer Expertise Will Be Crucial. Real estate made it through the pandemic with the help of multiple forces that seemed to align all at the right time.

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Technology Loans Mortgages Agents 111

Brownstoner

NOVEMBER 19, 2020

The federally supervised cleanup of the Gowanus Canal kicked into high gear this week as the Environmental Protection Agency launched their full-scale dredging of the upper portion of the toxic waterway on Monday. The agency has tasked six historic polluters of the Gowanus — National Grid, Con Edison, the Hess Corporation,… Read More > The post Here’s What Will Happen During the Gowanus Canal Superfund Cleanup appeared first on Brownstoner.

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The Mortgage Report

NOVEMBER 19, 2020

Wondering when to refinance your home? Here are 3 trusted ways to evaluate refinance rates and savings to find out if a refinance is worth it for you.

Equity 105

Equity Mortgages 105

Brownstoner

NOVEMBER 19, 2020

A third-generation native of Staten Island who got his start working in the family shoe store, Compass broker Joe Tirone lifts the curtain on the borough, what to do and where to go in the latest episode of The Brownstoner Podcast. Drawing on his deep experience of working for many… Read More > The post Brownstoner Podcast: Compass Broker Joe Tirone Reveals Insider Secrets of Staten Island appeared first on Brownstoner.

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

The Mortgage Report

NOVEMBER 19, 2020

Today’s mortgage and refinance rates Average mortgage rates nudged lower again yesterday. And conventional loans started out this morning at 3.0% (3.0% APR) for a 30-year, fixed-rate mortgage. They’re getting […].

Fixed-rate mortgage 105

Fixed-rate mortgage Mortgages Loans 105

Brownstoner

NOVEMBER 19, 2020

Here's an apartment that offers some of the perks popular during these stay-at-home times: in-unit-laundry, outdoor space and a bit of room for a home office. The one-bedroom in the Park Slope Historic District also has the convenience of Prospect Park just down the street. It's on the garden level… Read More > The post Park Slope Garden Apartment With Mantel, in-Unit Laundry Asks $3,000 a Month appeared first on Brownstoner.

Marketing 103

Marketing 103

Realtor.com

NOVEMBER 19, 2020

realtor.com, John Parra/WireImage Music superstar Marc Anthony would like to record a sale of his Coral Gables, FL, estate, according to the Los Angeles Times. The Grammy winner, who bought the home for $19 million just two years ago, hopes to turn a tidy profit on his investment. The home is back on the market for $27 million. The performer, whose given name is Marco Antonio Muñiz , purchased the waterfront property from Bacardi heiress Hilda Maria Bacardi in 2018.

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Construction Commercial Design Sales 98

RIS Media

NOVEMBER 19, 2020

Evolve or be extinct. It’s a mantra in business, and for me, it led to a turning point in my life and my real estate career. And, despite many successes and multiple sales achievements, a voice kept ringing in my head. Is there more for me as a solo agent? Do I need more for the future? Can I be making more of a difference? Some 18 months ago, armed with “yes” answers to the questions above, I decided to move from my brokerage and my team and join the ranks of the relentless at

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Branding Brokerage Agents Closing 98

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

First Team Real Estate

NOVEMBER 19, 2020

As the coronavirus pandemic continues to affect our daily lives, the real estate industry has quickly and successfully adapted to meet the needs of home buyers and sellers. In fact, the housing market is booming right now as the conditions of low supply and high demand are driving a healthy seller’s market. Selling your Southern California home safely during COVID-19 is not only possible, it’s easy and we’ve been doing it for nearly 8 months since the initial shut down in March

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Agents Sales As-is Marketing 98

RIS Media

NOVEMBER 19, 2020

Over the last year, the National Association of REALTORS® (NAR) has taken steps to reaffirm its commitment to Fair Housing. This past summer, for example, NAR launched a Fair Housing extension campaign as part of its “That’s Who We R” efforts. The association also discussed the topic at length during its 2020 REALTORS® Conference & Expo.

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As-is Industrial 98

Brownstoner

NOVEMBER 19, 2020

Are these really affordable? A housing lottery has opened for three apartments in a seven-story building at 410 Tompkins Avenue in Bed Stuy. Constructed in 2019, the building’s name is Hancock Manor. Of the affordable apartments, there are two studios and a single one-bedroom unit. Monthly rents start at $2,188… Read More > The post Housing Lottery Opens for Three Units in Bed Stuy, Starting at $2,188 a Month appeared first on Brownstoner.

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Construction Marketing 98