Wed.Dec 23, 2020

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Mortgage applications increase for second straight week

Housing Wire

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. 18, according to the latest report from the Mortgage Bankers Association. Mortgage applications jumped 0.8% a week after the 30-year fixed mortgage rate dropped five basis points to 2.85%, the trade group noted. The 30-year rate is up to 2.86% in the most recent MBA survey, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting

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Did You Outgrow Your Home in 2020?

Keeping Current Matters

It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home. Many needs have changed in 2020, and it’s okay to admit if your house no longer fits your lifestyle. If you’re now working remotely, facilitating virtual school, trying to exercise at home, or simply just spending more time in your own four walls, you may be bursting at the seams in your current house.

Equity 268
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The good, the bad, and the likely for housing in 2021

Housing Wire

Despite the pandemic, incredibly, the housing market has surpassed all expectations in 2020. Applications to purchase a home hit a low point in the spring due to stay-at-home orders and mandated business closures, but have rebounded swiftly. As of the week ending December 4, purchase loan applications have exceeded year-ago levels for 29-straight weeks, and cumulative purchase applications have surpassed 2019 levels.

Loans 510
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Still Not Organized? Here’s Why—and What To Try in 2021

Realtor.com

CarmenMurillo / Getty Images Ever resolve to organize your closet or junk drawer, only to see your efforts devolve into a (slightly different) cluttered mess? Maybe it’s because you tried a method that doesn’t fit your personality. It turns out, people have different approaches to organizing—how to do it, and what they want to get out of it.

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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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Real estate technology adoption in a post-pandemic world

Housing Wire

The impact of COVID on the real estate market is significant and has forever changed the way our industry operates. This change, while disruptive and uncomfortable for some, has provoked the rapid adoption of real estate technology, the likes of which we haven’t seen before. Agents, teams and brokerages are now seriously reconsidering the technology platform, tools and services needed to effectively do business today.

More Trending

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Will 2021 bring more balance to home sales?

Housing Wire

Daryl Fairweather Redfin Chief Economist. This is the second installment of our economist Q&A series of the top housing market forecasts for 2021 that focus on everything from home sales to mortgage rates. To help provide as much guidance as possible on what to expect in 2021, HousingWire interviewed a top economist every Tuesday in December in the HW+ Slack channel.

Sales 509
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Help Out One of Brooklyn’s Many Mutual Aid Groups This Holiday Season

Brownstoner

As we find ourselves in the giving season of this tumultuous year, many Brooklynites may be looking around their community and want to help those in need. Below, Brownstoner has compiled a list of mutual aid groups based in Brooklyn that are looking for volunteers, donations and more. This is… Read More > The post Help Out One of Brooklyn’s Many Mutual Aid Groups This Holiday Season appeared first on Brownstoner.

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New home sales begin to cool in November

Housing Wire

Sales of newly built homes occurred at a seasonally-adjusted annual rate of 841,000 in November – 11% below October’s 945,000 revised rate , the Census Bureau reported on Wednesday. Despite a double-digit decline, November’s numbers are still nearly 21% higher than this same period last year. Every region experienced a dip in new-home sales, with the Midwest providing the starkest decline, down a whopping 43% month-over-month.

Sales 384
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7 Best End-of-Year Activities for Homeowners

Point2Homes

Image: Master1305 / Shutterstock.com. As the year comes to an end, now is a fantastic time to get ready for a brand new one. So, we’ve come up with 7 activities to help you start 2021 on the right foot. Let’s take a look. Out with the Old, in with the New. During the holiday season, there’s a very good chance that your home will see new additions in terms of electronics, decorations, clothes, and so on.

Design 122
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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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LoanDepot creates joint venture with Brookfield Residential

Housing Wire

LoanDepot and Brookfield Residential announced on Wednesday the creation of a joint venture, BRP Home Mortgage. BRP will deliver a streamlined mortgage experience for Brookfield Residential homebuyers, said Dan Peña, executive vice president of national joint ventures for loanDepot. Homebuyers in new home communities located in California, Colorado, Delaware, Texas, Virginia and Washington D.C. will now have access to loanDepot’s proprietary mortgage originations platform. “Brookfiel

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Flight To The Burbs: Every Real Estate Market In Ontario Is Outperforming Toronto

Better Dwelling

Greater Toronto is far from Ontario’s hottest market, as everyone scrambles to buy… uh, rural property? Canadian Real Estate Association (CREA) data shows every market in Ontario is seeing massive price growth in November. This trend isn’t being driven by major cities like Toronto or Ottawa. Instead, small commuter suburbs and cottage country are what’s […].

Marketing 117
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2020 Decor Trends We Can’t Wait to Kick to the Curb

Lighter Side of Real Estate

The pandemic has radically changed the way we live and work. It’s also had a significant impact on our home decor—and not necessarily for the better. After spending months inside, you’re probably beyond sick of looking at some of the COVID-related adjustments you’ve made. With the new year rolling in, and the coronavirus, hopefully, on its way out, chances are you’re looking forward to taking back your home and your health before too long.

Design 117
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5 Things your home office may not need

The American Genius for Real Estate

(EDITORIAL) Since many of us are working entirely from home now, we are probably getting annoyed at a messy desk, let's take a crack at minimalism! The post 5 Things your home office may not need appeared first on The American Genius Real Estate.

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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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New-Home Sales Fall as Buyers Begin to Get Cold Feet in an Expensive Market

Realtor.com

fstop123/Getty Images The numbers: Sales of newly built homes occurred at a seasonally-adjusted annual rate of 841,000 in November, the Census Bureau reported Wednesday. That was 11% below the downwardly-revised pace of 945,000 in October. Analysts polled by MarketWatch had projected new-home sales to occur at a seasonally-adjusted annual rate of 875,000.

Sales 114
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Where’s the House from ‘Home Alone 3’?

Fancy Pants Homes

Year in and year out, we know the holidays are almost upon us when TV networks start airing Home Alone , the iconic family movie that has by now become synonymous with Christmas cheer. And while the first two Home Alone movies starring Macaulay Culkin are the clear fan favorites, the third one (written and produced by the same John Hughes that gave us the first two festive flicks) was deemed the least successful in the series — by far — and failed to make a lasting impression.

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Personal Income Declined in November

Eye on Housing

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income decreased in November to a seasonally adjusted annual rate (SAAR) of $19,493 billion. It declined 1.1% in November, primarily as a result of the tapering of government economic recovery payments. However personal income from wages and salaries inched up 0.4%, as the economy continued.

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B.C.’s Best Performing Real Estate Markets Are Underperforming The National Average

Better Dwelling

B.C. real estate is picking up again, but it’s generally lagging the general market – especially in Vancouver. Canadian Real Estate Association (CREA) data shows all significant markets saw a bump in November. Despite strong monthly gains, the province is generally underperforming the rest of Canada. Greater Vancouver Real Estate Is Still Negative From 3-Years […].

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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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Buying a House in 2021: What Homebuyers Should Know

Point2Homes

Image: etonastenka / Shutterstock.com. Buying a home can be challenging at the best of times, but the current economic climate and an uncertain future complicate matters even more. So far, the housing market has shown signs of recovery in some parts of the U.S., yet not all homebuyers are ready to take the leap. If you’re thinking about holding off until 2021 to buy a house, here’s what you should know.

Lending 105
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In Rare Move, City Backs Off Two Controversial Rezonings That Would Block Botanic Garden Sun

Brownstoner

A Kings County Supreme Court Judge struck down the 2018 Franklin Avenue rezoning on Monday, after a years-long court battle waged by neighborhood activists. The same day, Mayor de Blasio effectively killed the controversial rezoning of the nearby Spice Factory at 960 Franklin Avenue. The legal ruling, issued by Judge Reginald… Read More > The post In Rare Move, City Backs Off Two Controversial Rezonings That Would Block Botanic Garden Sun appeared first on Brownstoner.

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What to Do When You Smell Gas in Your House

Realty Biz

You walk into your home and smell a distinct gas-like odor. What do you do? The following information will direct you in the correct steps to take to ensure the safety of your family and home in the event of a possible gas leak. Immediately Evacuate. If you smell a gas odor, your first step should be to evacuate the premises immediately and call your local propane provider, fire department, or 911.

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How to buy a house: Your guide to the home buying process

The Mortgage Report

If you want to buy a house but don't know where to start, start here. We explain how to buy a house in 10 approachable steps. You can even do step 1 today.

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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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2021 Southern California Housing Market Predictions

First Team Real Estate

Despite the global pandemic – and nearly everyone’s expectations – the housing market has been booming amid COVID-19. Driven by market conditions of low supply and high buyer demand powered by record-low mortgage rates , home prices have hit all-time highs as motivated house hunters compete for limited inventory. The question is: What will happen in the 2021 Southern California housing market?

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Brooklyn News: Brooklyn Restaurants and Bars Plead for Long-Overdue Relief During Harsh Winter

Brownstoner

In the News Virus Victims and a Flatbush Funeral Home’s ‘Horrifying Disrespect’ [NYT] They’re Young, Unemployed and Facing Bleak Prospects [NYT] National Grid Puts 16-Acre Gravesend Property Up for Sale [BP] Brooklyn’s Restaurant, Bar Owners Call for Bailout [BP] De Blasio Says He Opposes Controversial Crown Heights Towers [Gothamist] Second Brooklyn Hotel Files for Bankruptcy in… Read More > The post Brooklyn News: Brooklyn Restaurants and Bars Plead for Long-Overdue Relief During Har

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Ask Brian: Do You Think Real Estate Investing Can Be Profitable At This Time of the Pandemic?

Realty Biz

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Ms. Nadia (unknown location): Good Day, My aim is to invest in real estate such as the acquisition of land, villas, or other properties, to set up a hotel around a beachside area.

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Red Hot, How Long?

BubbleInfo

I didn’t see this until today – but the hotness sounds similar throughout SoCal: Katerina Krumwiede wasn’t looking to move. She and her husband, Rob, recently spent “well over” $100,000 on a complete remodel of their Encino house that added a backyard gazebo, custom kitchen countertops, new roof and imported bathroom tiles from Spain. But […].

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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.