Tue.Sep 07, 2021

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End of forbearance programs won’t result in housing crash

Housing Wire

One year ago this month, I coined the term forbearance crash bros , an updated name for the housing bubble boys who never got their housing crash in 2020 so they moved the collapse of housing to 2021. Many other articles were written in tribute to this wonderfully talented group of internet crash callers. As we are in September 2021, we can safely say the housing crash has been moved once again to next year.

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Reasons You Should Consider Selling This Fall

Keeping Current Matters

If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later. 1. Your House Will Likely Sell Quickly. According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, t

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FHFA requires GSEs to submit annual equity plans

Housing Wire

The Federal Housing Finance Agency (FHFA) will require the government sponsored enterprises to submit annual plans to advance equity in housing finance for the next three years. The first annual plan, which the GSEs must submit and implement in less than four months, must specifically include plans to reduce the racial or ethnic homeownership gap and reduce underinvestment or undervaluation in areas that were formerly redlined.

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Inside a Piece of Napa Valley History

Sotheby's International Real Estate

As entwined in the history of the Napa Valley as the abundant vines cultivated there, this stone and shingle residence—sitting at the heart of an enchanting half-acre—represents the opportunity to own a piece of wine country yore. Constructed in the 1890s to house the Esmeralda Winery, which supplied the landmark Palace Hotel, the building was tastefully redesigned in 2007 by the highly acclaimed firm of Fisher Weisman.

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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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Biden affordability efforts make no waves in housing industry

Housing Wire

Last week, the Biden administration unveiled a multi-pronged proposal for federal agencies to address the lack of housing inventory, ahead of action from Congress. While the announcements didn’t include any major new programs, federal agencies will restart programs that previously lapsed, such as the U.S. Treasury and the Department of Housing and Urban Development ’s risk-based sharing program, and increase funding to existing programs.

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Laura Brandao to speak at HW Annual Sept. 27-28

Housing Wire

One of the biggest challenges facing the mortgage industry is increasing homeownership in underserved communities. To discuss some of these challenges and potential solutions, HousingWire invited Laura Brandao , president and partner of American Financial Resources , to participate in the Expanding Homeownership panel at HW Annual on Sept. 27-28. . The panel will explore how the mortgage and real estate industries can responsibly expand homeownership to individuals and communities that are curre

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San Diego Home Prices To Keep Rising

BubbleInfo

Hat tip to Rob Dawg for sending in the second forecast that is predicting our home prices will continue to rise: While home price changes on the local level vary, July gains across all of the top 10 metros surpassed their 2020 levels. However, metro areas where affordability constraints are prevalent continue to persist as prices […].

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What does an extra 50 basis points off mean to brokers?

Housing Wire

“We knew deep down it was simply the right thing to do,” said Austin Niemiec, Executive Vice President of Rocket Pro TPO. “Baking a 50-basis point credit into our pricing isn’t something to scoff at given the amount of volume our partners bring in on a weekly and monthly basis, but we wanted to do it so brokers across the country understand that Rocket Pro TPO intentionally and continuously makes shifts in the business to help its partners assist more Americans in securing the loans they need.”.

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Who Has The Best Junk Removal Services

Maximum Exposure Real Estate

Who Are The Best Junk Removal Companies Are you going to be selling your home and have junk you need to get rid of? Do you want to hire one of the top junk removal companies? Most people have more junk in their homes than they realize, so when it comes to moving, there will […]. The post Who Has The Best Junk Removal Services appeared first on Massachusetts Real Estate Exposure.

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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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Toronto and Vancouver Home Price Growth Decelerate Further, But Trend Might Reverse

Better Dwelling

Greater Toronto and Vancouver real estate price growth further decelerated last month. Both boards reported the rate of annual growth fell in August. Surprisingly low inventory, typical during election periods, helped to firm prices though. It may even be enough to return the trend to growth this month. At least for the near-term. Greater Toronto […].

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A Real Estate Bubble: Fact or Fiction?

RIS Media

This month’s National Association of REALTORS® (NAR) Power Broker Roundtable dismisses some of the myths surrounding a potential real estate bubble. Cindy Ariosa, Senior Vice President, Regional Manager, Long & Foster Real Estate, Chantilly, Virginia; Liaison for Large Firms and Industry Relations, the National Association of REALTORS® (NAR): Real estate is a series of moving parts, and the truth is, those parts have been moving so fast and furiously over the last 18 to 20 months that itR

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Phil Soper: Canada needs to get housing right

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: Phil Soper: Canada needs to get housing right. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Affordability is simply the symptom – the result of the underlying malady.

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Skip the Home Inspection, Face the Consequences

RIS Media

We recently distributed a press release urging homebuyers to beware of the consequences associated with waiving the home inspection in the booming seller’s market we’re currently experiencing. The national release garnered over 2.2 million views—and with good reason. The hot seller’s market, which is occurring all over the U.S. and Canada, has found many buyers being urged to skip the home inspection and a few other contingencies in order to rate first among the competition for

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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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Mortgage and refinance rates today, Sept. 7, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged higher last Friday. But, overall, those rates barely moved last week. Unfortunately, early movements in markets this morning suggest mortgage rates […].

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Brokers Discuss the Modern Meaning of ‘Full-Service’

RIS Media

Being a “full-service brokerage” has always meant providing a one-stop shop for clients, but leading brokers say it takes a bit more than that to warrant the distinction in today’s market. “I think today the full-service concept is twofold: what we do for the consumers and the agents,” says Joan Docktor , president and chief executive officer of Berkshire Hathaway HomeServices (BHHS) Fox & Roach. “When you talk about full-service today, the agents are the

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Top 4 Upgrades You Should Make Before Listing Your Home

RISMedia

By Kara Masterson One of the biggest things that you can do to sell your home is make it stand out, and that can be done by upgrading your home. Here are a few home improvement projects that will give your house a facelift before you put it on the market: Update Your Cabinets It […]. The post Top 4 Upgrades You Should Make Before Listing Your Home appeared first on RISMedia's Housecall.

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Hurricane Ida: Billions in flood damages uninsured, analysts say

Realty Biz

Homeowners hit by Hurricane Ida now face a new challenge navigating the world of insurance claims, and there’s going to be bad news in store for some. Many thousands of homes were damaged as a result of flooding. But most standard home insurance polices don’t provide flood insurance, which is usually sold as a separate, specific policy. Tom Larsen, an insurance analyst with CoreLogic, told MarketWatch he estimates around 40% to 50% of flood damages that resulted from Hurricane Ida are covered by

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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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Brooklyn Real Estate Six Months Later: Three Sold, One in Contract

Brownstoner

Coming out of the long holiday weekend, we’re back to take a look at four of our featured listings from six months ago. This week, we’re focused on homes in Kensington, Marine Park, Crown Heights and Park Slope. How did they fare? Starting us off this week, on the first… Read More > The post Brooklyn Real Estate Six Months Later: Three Sold, One in Contract appeared first on Brownstoner.

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3 Downsides of refinancing a mortgage, and when it’s worth it

The Mortgage Report

There are a few downsides to refinancing. But if you can lower your rate, payment, and overall cost, refinancing is often worth it. Learn more here.

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7 Myths About Household Appliances, Busted

Realtor.com

Many out-of-the-box methods exist for maximizing the efficiency of your appliances. We all want to make household chores less painful, but you can't believe everything you hear. The post 7 Myths About Household Appliances, Busted appeared first on Real Estate News & Insights | realtor.com®.

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I Have Cash in Hand to Buy a House: What Do I Report to the IRS?

HomeLight

Most homebuyers are going to need a mortgage loan in order to buy a house, but these days it’s not unheard of for buyers to purchase their home with cold, hard cash. Whether it’s money saved, equity from the sale of a previous home, a cash windfall, or using a cash offer platform from a lender, buying a home for cash has become more and more common.

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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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Buying a Home on a Budget? Here Are America’s 10 Most Affordable Metros

Realtor.com

The housing market may be hot, but buyers on a budget don't need to give up. These are the 10 most affordable metropolitan areas for buyers. The post Buying a Home on a Budget? Here Are America’s 10 Most Affordable Metros appeared first on Real Estate News & Insights | realtor.com®.

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Entertaining Brooklyn: The History of Grand Prospect Hall

Brownstoner

Editor’s note: This story is an update of one that ran in 2011. Read the original here. Brooklyn in the 1800s had several venues called Prospect Hall, the first located in the 1850s at the junction of Flatbush Avenue and Fulton Street. In 1892, German-American entrepreneur John Kolle built his Prospect… Read More > The post Entertaining Brooklyn: The History of Grand Prospect Hall appeared first on Brownstoner.

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Real Estate Agents: Prepare for Your Future in the Present

RIS Media

Agents, you don’t need a crystal ball to tell you that you must prepare for the future no matter what it holds. There’s no better way than by arming yourself with the knowledge to tackle all types of market fluctuations and learn about the tools you’ll need to compete in a crowded marketplace. Register today for RISMedia’s Real Estate CEO & Agent Leadership Exchange , co-presented by the National Association of REALTORS®, to hear from more than 75 of the industryR

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The One Constant, No Matter Your Lifestyle: Protecting Your Stuff

Brownstoner

Renter? Owner? Regardless of what life stage you’re in, apartment insurance is always a good idea. Here’s why: 1. For newbie renters Did you know that most damage from accidents in New York City — from broken pipes and overflows — are not covered by simply signing a lease? Protect yourself and… Read More > The post The One Constant, No Matter Your Lifestyle: Protecting Your Stuff appeared first on Brownstoner.

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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.