Tue.Mar 09, 2021

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Mortgage credit, and the coming purchase storm

Housing Wire

Mortgage credit is still the tightest it has been in more than six years, but an unwavering February may be the calm before the purchase storm as lenders prepare for a revitalized economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index remained unchanged at 124.6 last month, still hovering near levels previously seen in 2014.

Mortgages 467
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How Upset Should You Be about 3% Mortgage Rates?

Keeping Current Matters

Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things: 1. The bump-up in rate should not have surprised anyone.

Mortgages 214
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Equity jumps for Black homeowners, but problems remain

Housing Wire

As the first quarter of 2021 nears its end, a recent Redfin report shows both good and bad news for Black homeowners. The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021. That $59,000 gain represents a median home equity increase of 197%.

Equity 467
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How To Buy A Home For Your Disabled Adult Child

Realty Biz

The extremely low mortgage rates that are advertised on TV, radio, and the internet are typically reserved for people looking to buy a home that they plan to occupy as their main residence. A 2 nd home or a vacation home generally is not afforded the same low rates. This can create quite an issue when a person wishes to buy a home for their disabled adult child that is living with a disability.

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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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Are you ready to be the Amazon of real estate?

Housing Wire

Imagine requesting an Uber and not being able to see a map view of where the driver is located in real time; ordering food from DoorDash without up-to-date digital menus from an endless number of restaurants; or buying an item with Amazon Prime and having to pay close attention to the delivery estimates. When we look at industries that have undergone significant change, it is easy to take for granted the success stories of market leaders and miss the seemingly small inventions that radically cha

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Who are the HW Marketing Leaders?

Housing Wire

HousingWire’s newest award program launches today , honoring the housing economy’s top marketing execs in lending, mortgage servicing, investing and real estate. Nominations are open March 9 through March 26, 2021. Earlier this year, HousingWire recognized the top finance executives in housing with the HW Finance Leaders award. Now, we want to recognize the senior marketing executives who have a track record of transforming brands, leading teams and driving business results within th

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5 Color Trends That Will Dominate This Year, According to Top Designers

Realtor.com

Studio Palomino/Houzz With COVID-19 vaccines rolling out and the promise of a not-so-distant future where life is normal again, now seems like the perfect time to bring your place out of the dark ages of decor and into the bright and beautiful light of 2021. To help with your spring makeover, we got the scoop from the folks at home improvement site Fixr.

Design 137
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Pyramid Shows 21.1 Million Households Cannot Afford a $100,000 Home

Eye on Housing

As described in a previous post, NAHB’s recently released its 2021 Priced-Out Estimates, showing that 75.1 million households are not able to afford a median priced new home, and that an additional 153,967 would be priced out if the price goes up by $1,000. This post focuses on the related U.S. housing affordability pyramid, showing how many households have enough.

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6 Disastrous Tax Mistakes People Make When They Work From Home

Realtor.com

mediaphotos/Getty Images Working from home has multiple perks, not the least of which is the short commute to your home office in your PJs. (Yes, it’s a cliché, and yes, it happens.). But while you might be incredibly talented at designing websites, writing novels, or whatever it is you do during your 9-to-5 at home, nearly all of us have the potential to get tripped up during tax time.

Principal 131
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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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U.S. fertility rate drop to impact housing

Realty Biz

The recent revelation that Americans are having fewer children during the COVID-19 pandemic is likely to have some big implications for the U.S. housing market, causing new trends that are apparent even now. In a post on the National Association of Realtor’s Economists’ Outlook blog, Dr. Jessica Lautz, vice president of demographics and behavioral insights at NAR, said the “baby bust” trend is expected to continue even after the pandemic subsides.

Finance 116
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Home buyer grants are helping first-time buyers during COVID

The Mortgage Report

Home buyer grants can help first-time buyers who had a financial setback during COVID. Learn about current assistance programs and how to qualify.

Mortgages 130
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Meet The Real Estate Tech Entrepreneur: Eachan Fletcher From NestEgg

GeekEstate

This week, we interviewed Eachan Fletcher from NestEgg. Without further ado… Who are you and what do you do? I am Eachan Fletcher, Founder & CEO of NestEgg. NestEgg is a fintech startup for renters and real estate investors combining the fastest and most flexible rent payment solution on the market with unmatched cash flow benefits. Our mission is to create a million new millionaires by 2025.

Investor 113
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7 important requirements before renting out your property

Realty Biz

Landlords who are new to the game or those wishing to refresh their knowledge will know that there’s quite a bit of admin involved in being a landlord, and before renting out your property, it’s important to follow a few commandments. To help, we’ve put together this practical guide for landlords. Make sure the rental property is safe. Before you rent out your property, you surely want it to be as safe as it’s possible for it to be.

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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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Ellen DeGeneres Seeks Big Flip in Beverly Hills, Lists $53.5M Mansion

Realtor.com

Frazer Harrison/Getty Images Ellen DeGeneres and Portia de Rossi are all about the flip these days. They’ve just put the Beverly Hills mansion that they bought from Maroon 5 frontman Adam Levine in 2019 back on the market for $53.5 million. Levine—who has a reputation for being a luxury flipper himself—had purchased the 10,376-square-foot, ivy-covered mansion for $33.9 million in 2018, from the creator of “Will and Grace,” Max Mutchnick.

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Jupiter Irish Fest This Saturday

Waterfront Properties

With Saint Patrick’s Day next week, Downtown Abacoa and the Ireland U.S. Experience Entertainment are excited to announce its first ever Jupiter Irish Fest happening this weekend. Gather your friends and family and head to Abacoa’s Town Center for a day of fun, live music, dancing, and great food. The Jupiter Irish Fest will be held this Saturday, March 13th.

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Why an “Enough List” is the answer to your never ending to-do list

The American Genius for Real Estate

(OPINION / EDITORIAL) Struggling to keep up with your to do list? Having an 'enough list' might be the answer to help focus your productivity. The post Why an “Enough List” is the answer to your never ending to-do list appeared first on The American Genius Real Estate.

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After-School Program At The River Center In Jupiter

Waterfront Properties

Science with Sam is back at Jupiter’s River Center this week. On select days during the month, Scientist Sam is hosting an after-school program aimed for children in grades K through 5th grade. The science activities in the program include activities such as garden exploration and many hands-on opportunities with wildlife. The event is hosted several times a month and each month has a different theme.

As-is 105
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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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REX anti-trust lawsuit accuses Zillow, NAR of being in a ‘cartel’

The American Genius for Real Estate

(REAL ESTATE) Real Estate Exchange, Inc. (REX) is suing Zillow and NAR, alleging a cartel wherein non-MLS members like themselves are edged out of the marketplace. The post REX anti-trust lawsuit accuses Zillow, NAR of being in a ‘cartel’ appeared first on The American Genius Real Estate.

MLS 105
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The Magnificent Palazzo Lija on the Isle of Malta is an Architectural Feat with Modern-Day Amenities

Fancy Pants Homes

Nestled in the center of the Mediterranean is the Maltese archipelago of Malta, Gozo and Comino. Malta, the largest of the three islands, enjoys sunny days and blue skies and beams with history and traditions, making it one of the most sought-after vacation destinations — and an ideal place to own a vacation home. First inhabited around 5900 BC, Malta has had a turbulent past and this small yet strategically placed island changed hands a number of times over the centuries.

Lending 105
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Charting the California Exodus

BubbleInfo

My guess was that we’d have 10% MORE listings this year, as a result of there being a few more reasons to move – covid letting up, Prop 19, forbearance expiration, etc. Instead, we have covid hanging around, Prop 19 has been a dud, and forbearances have been extended through the year. With 19% FEWER […].

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Inside the Adler Deutsch Vineyard

Sotheby's International Real Estate

The aesthetic prowess of architect Howard Backen and designer Richard Hallberg combine in this quintessential wine country estate, known as the Adler Deutsch Vineyard. The anchoring 4,300-square-foot residence is a sophisticated oasis on the verge of three gated acres of proprietary Cabernet Sauvignon vines. St. Helena, California | Ginger Martin, Sotheby’s International Realty – Wine Country – East Napa Street Brokerage.

Brokerage 104
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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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Forbearance 2021

BubbleInfo

We can guess that close to none of the San Diego County homeowners in forbearance have less then 10% equity – heck, they’ve picked up that much since Christmas!

Equity 105
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$135M Compound in Woodside, CA, Is the Bay Area’s Most Expensive Listing

Realtor.com

Christie’s A 74-acre property in Woodside, CA, complete with a stadium-sized Roman pool, has splashed on to the market. Available for $135 million, the property, co-listed by Compass and Christie’s International Real Estate, is the most expensive listing in the San Francisco Bay Area. Known as Green Gables, the sumptuous spread was created by a banker, Mortimer Fleishhacker , in 1911, and is a massive compound of seven homes in total.

Land 103
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RBC Sees Bank of Canada Raising Rates Earlier Than Current Guidance

Better Dwelling

Canada’s largest bank believes higher rates are a lot closer than most are hoping for. RBC senior economist Josh Nye is forecasting the Bank of Canada (BoC) will hike rates sooner than expected. The forecast is based on higher inflation and a recovery ahead of schedule. The economist is watching for a gradual reduction in […]. The post RBC Sees Bank of Canada Raising Rates Earlier Than Current Guidance appeared first on Better Dwelling.

Banks 103
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Century 21 Named Fastest-Growing Franchise

RIS Media

Century 21 Real Estate LLC recently announced it was named the No. 1 Fastest Growing Franchise in the Entrepreneur 2021 list of the Fastest Growing Franchises, published in the magazine’s March issue. Celebrating its 50th anniversary this year, the company currently has a network of 145,000 affiliated sales professionals in approximately 13,000 offices across 86 countries and territories worldwide.

Branding 102
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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.