Housing Wire

MARCH 4, 2021

The average mortgage rate for a 30-year fixed loan rose 5 basis points last week to 3.02%, marking the first time since July that the industry has seen rates break above 3%, according to Freddie Mac ’s Primary Mortgage Market Survey. Since reaching a low point in January, mortgage rates have risen by more than 30 basis points as the economy works to recover, and according to Sam Khater, Freddie Mac’s chief economist, the impact on purchase demand has been noticeable.

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Mortgages Lending Loans Industrial 545

Keeping Current Matters

MARCH 4, 2021

Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to selling safely. The latest Home Purchase Sentiment Index ( HPSI ) by Fannie Mae shows that 57% of consumers believe now is a good time to sell. Doug Duncan, Vice President and Chief Economist at Fannie Mae, explains : “Overall, the index’s monthly increase was driven largely by a substantial jump in the

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Equity Development Sales Marketing 277

Housing Wire

MARCH 4, 2021

United Wholesale Mortgage , the top wholesale lender in the nation, announced on a Facebook live Thursday that it will no longer partner with brokers who also work with Rocket Mortgage and Fairway Independent Mortgage Corp. Mat Ishbia, president and CEO of UWM, gave brokers and owners a deadline of March 15 to sign an addendum saying they are not working with those two lenders.

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Loan Officer Lending Mortgages Loans 515

Better Dwelling

MARCH 4, 2021

One of Canada’s big banks expects cooling measures for real estate soon. Derek Holt, Scotiabank’s Head of Capital Markets Economics, sees the Spring Budget including cooling measures for real estate. In a note penned to investors, the economist highlights how policy has been overly loose. He feels the next budget likely includes measures to cool […].

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Banks Investor Marketing 143

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Agents

Housing Wire

MARCH 4, 2021

2021 is already shaping up to be a vastly different year than 2020 for the mortgage and real estate industry, and it’s not only because we’re entering a purchase market. All indications are that compliance and enforcement will again move into the strategic conversations of owners and executives. This won’t only be true for the origination side of the mortgage transaction.

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Title Lending Closing Loan Officer 421

The Mortgage Report

MARCH 4, 2021

6 low- and no-down-payment mortgage options for today's home buyers. Find out how you can buy a house with no money down and a low interest rate.

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Mortgages 141

Marco Santarelli

MARCH 4, 2021

Housing data by Salt Lake Board of Realtors®. The forecast is an estimate based on data from multiple sources. While it is deemed reliable, it is not guaranteed. The pandemic has supercharged Utah’s housing market driven by historically low interest rates and low unemployment rate. Utah housing market has been ranked as nation’s #1 housing market for strongest pace of job growth, along with low unemployment, low mortgage rates, few mortgage delinquencies, and low state & local taxes, accordi

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Housing Wire

MARCH 4, 2021

Figure Technologies CEO and co-founder Mike Cagney never intended to build a mortgage lending company. Upon leaving SoFi , Cagney and the founding team at Figure were laser-focused on applying blockchain technology to financial services. But now, with proof of concept cleared and a large war chest, he intends to buy a mortgage lender to achieve scale.

Mortgages 396

Mortgages Lending Technology Industrial 396

Better Dwelling

MARCH 4, 2021

Canada’s economy is so dependent on housing, more money is now invested in homes than businesses development. Statistics Canada (Stat Can) data shows investment in non-residential structures, machinery and equipment is down sharply in Q4 2020. The issue isn’t a lack of investment dollars though. Money is just being pumped into residential real estate.

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Residential Development 121

Housing Wire

MARCH 4, 2021

The Consumer Financial Protection Bureau released a notice of proposed rulemaking on Tuesday to delay the mandatory compliance date of the Qualified Mortgage final rule from July 1, 2021 to October 1, 2022. “At a time when so many consumers are struggling and at risk of losing ground, particularly Black and Hispanic consumers, we need to do all we can to help people stay in their homes and to ensure the availability of responsible, affordable mortgages,” said CFPB Acting Director David Uejio.

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Debt-to-income ratio Loans Lending Mortgages 338

Advertiser: Trellis

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.

Loans

Realtor.com

MARCH 4, 2021

Dan Thrift The first 10 listing photos of a duplex in South Lake Tahoe, CA, are ho-hum. Then bam. You get to photo 11: seven lovely ladies dressed in glittery evening gowns. These women staring blankly ahead aren’t real. They’re mannequins. And there are many of them. So many of them. Posed throughout this otherwise nondescript residence.

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Staging Agents As-is Marketing 118

Housing Wire

MARCH 4, 2021

Fintech company Plaid has announced the release of Income, a beta product looking to simplify income verification so customers can secure loans, qualify for mortgages, rent apartments, lease vehicles, and more. The company said Income can also be used by mortgage lenders to capture and “digest” a person’s income data directly from their payroll provider to make more informed decisions about their creditworthiness.

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Finance Pre-approval Banks Investor 287

Realtor.com

MARCH 4, 2021

Provided by Mapping Inequality It’s been more than a half-century since racially discriminatory real estate lending policies were outlawed. However, the effects continue to weigh on historically Black communities to this day, holding residents back from building wealth through homeownership. Through the practice of redlining, beginning in the 1930s, communities of color were segregated and labeled as undesirable to lenders, many of whom refused to issue mortgage and home renovation loans t

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Loans Lending As-is Equity 114

Better Dwelling

MARCH 4, 2021

At the risk of sounding melodramatic, I honestly believe that bidding wars are among the greatest economic inefficiencies ever produced by the real estate market. In 2017, we saw a pretty wild market, with real-time price discovery being the greatest challenge of buyers, sellers, and realtors alike. As a result, we saw the arbitrary underpricing […].

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Marketing Mortgages 113

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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.

Sales

Point2Homes

MARCH 4, 2021

Making the most of our space at home is one of the skills that almost all of us had to cultivate during the pandemic-dominated past year. However, regardless of how efficiently you are using your home, sometimes there’s just not enough room for you and your family to really thrive. Fortunately, there are simple ways to squeeze a bit more space from your home, from rearranging furniture to sorting through your belongings and deciding what stays and what goes.

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As-is 113

The American Genius for Real Estate

MARCH 4, 2021

(REAL ESTATE TECHNOLOGY) As real estate scams increase, services such as Fireball Approves are joining the fight by offering an array of background check services. The post Avoid real estate scams with these virtual investigators appeared first on The American Genius Real Estate.

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Technology 111

Realtor.com

MARCH 4, 2021

Getty Images Whether you’re a house flipper or a homeowner preparing to sell your property, upgrading your outdoor living space can make a big difference. Buyers have always been impressed by lush backyards that provide ample space to entertain and play—and after a year of staying home due to the coronavirus pandemic, that matters more than ever.

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Staging Land Agents As-is 111

BubbleInfo

MARCH 4, 2021

Unlike the big teams who have clerks do all their listing inputs, I do them myself. I feel it is the core of the business – it’s important to get the listing input right. I got two lessons in that today. I inputted our new listing at 3:45pm yesterday, and this morning the photos had […].

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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.

Agents

RIS Media

MARCH 4, 2021

The window of record-low mortgage rates appears to be closing, as steady increases in recent weeks have sent the numbers over 3% for the first time since July 2020. Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.02%. Mortgage rates have been on a steady rise for weeks, breaking from an almost year-long decline during the pandemic that resulted in record lows.

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Fixed-rate mortgage Mortgages Industrial Closing 109

Brownstoner

MARCH 4, 2021

A developer is looking to tear down a petite Chase Bank building in Brighton Beach to make way for a much bigger and taller apartment building along Coney Island Avenue, according to land use filings. The complex, slated for 1002 Brighton Beach Avenue, would house 156 apartments -- including affordable… Read More > The post Apartment Tower With Affordable Housing Could Replace Jitterbug-Era Bank in Brighton Beach appeared first on Brownstoner.

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Banks Land Development 105

Realtor.com

MARCH 4, 2021

Getty Images For the better part of a year, one bright spot for home buyers in this hypercompetitive market of record-high prices and a record-low number of homes for sale has been mortgage interest rates, which dropped to unheard-of lows. Now it looks like the era of cheap loans may be coming to an end. Mortgages rates crossed the 3% threshold for the first time since July 2020, according to Freddie Mac.

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Mortgages New Construction Loans Construction 105

Realty Biz

MARCH 4, 2021

Better Homes and Gardens Real Estate LLC has announced its 2020 production award recipients for companies, teams and sales associates across its global network. Honorees represent the BHGRE ® brand’s highest ranked performers among more than 12,500 affiliated sales professionals and approximately 390 offices across the United States, Canada, Jamaica and The Bahamas.

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Industrial Branding Sales Brokerage 104

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.

Agents

RIS Media

MARCH 4, 2021

It’s no secret that the way we live and work has likely changed forever. This has had far-ranging ramifications throughout the real estate market, and the high-end sector, in particular, has been significantly affected. Going forward, here are a few ways that we can expect the increase in remote work to impact the luxury real estate market. . Zoom Towns.

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Brownstoner

MARCH 4, 2021

In the News Alamo Drafthouse Files for Chapter 11 Bankruptcy Protection [NYT] Year in Numbers: Reflecting on the Coronavirus Pandemic in Brooklyn [BP] Mutual Aid Group Volunteers Need Vaccine Help [The City] The Waiting Game for Pandemic Rent Relief [City Limits] Plans Kick Off for 18-Story Tower at Prospect Heights McDonald’s [Patch] Familiar Face to Run… Read More > The post Daily Links: Alamo Drafthouse Files for Bankruptcy, Fate of Downtown Brooklyn Theater Unclear appeared first o

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Bankruptcy 104

RIS Media

MARCH 4, 2021

In recent years, it’s become more and more common to see luxury real estate bought and sold through a limited-liability corporation. So, what exactly is the driving force behind this rising trend? Well, here are just a few things that you should know about using an LLC for your real estate holdings. Privacy Matters. The number one reason for doing so is, of course, privacy.

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Title 104

Lighter Side of Real Estate

MARCH 4, 2021

Many potential buyers think that in order to buy a home, you need to have 20 percent of the purchase price saved to cover a down payment. But in 2021, the majority of buyers are successfully closing on their homes with less. According to the most recent REALTORS® Confidence Survey , in January 2021, nearly ¾ of first-time buyers (74 percent) put down less than 20 percent when buying their home.

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Finance Closing Marketing 99

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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.

Agents

RIS Media

MARCH 4, 2021

A coffee bar is an increasingly popular home feature these days. With more people working from home and spending less time in cafes, it should come as no surprise that so many homeowners are creating a designated space specifically for a good cup of joe. Here are a few tips for designing the perfect coffee bar. Pick the Location. Before you get started, take some time to consider the ideal spot.

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Brownstoner

MARCH 4, 2021

Just because it’s a virtual program doesn’t mean you can’t get a taste of the foods Brooklyn’s Jewish communities. "Jewish Brooklyn: From Gefilte Fish to Kibbeh" is the first in a three-part series about Jewish life in Brooklyn being offered by the Center for Brooklyn History over the next two… Read More > The post Explore the Jewish Culinary Traditions of the Borough With the Center for Brooklyn History appeared first on Brownstoner.

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RIS Media

MARCH 4, 2021

There’s no denying that staying in shape can be a challenge these days. The good news, however, is that with the right home features, it’s easy to keep up with your workout regimen without having to go to the gym. For fitness enthusiasts who want a living space that truly supports their lifestyle, here are several must-have amenities to achieve peak performance.

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As-is 104

Brownstoner

MARCH 4, 2021

This Bed Stuy rental comes with original 19th century details, a bit of 20th century history and a location on a plant-filled block of Stuyvesant Avenue. Taking up the parlor and garden levels of 407 Stuyvesant Avenue, the duplex unit is filled with parquet floors with inlaid borders, pocket doors,… Read More > The post Bed Stuy Duplex With Pier Mirror, Mantels, in-Unit Laundry Asks $3,875 a Month appeared first on Brownstoner.

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Marketing 98

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.

Sales