Housing Wire
DECEMBER 11, 2020
2020 was a truly unprecedented year. With it behind us, let’s look ahead at several housing market trends that are likely in 2021 and beyond. First, exceptionally low mortgage rates are likely to be around for an extended period. The Federal Reserve is expected to continue an accommodative monetary policy and keep the federal funds target below 0.25% through 2022.
Keeping Current Matters
DECEMBER 11, 2020
Some Highlights. Buying a home in today’s sellers’ market doesn’t have to feel like an uphill battle. Here are four ways to make sure you’re positioned for success when making a home purchase, even when the scale tips toward sellers. Reach out to a local real estate professional to make sure you’re armed for victory in the housing market this season.
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Housing Wire
DECEMBER 11, 2020
Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The flexibilities surrounding verbal verification of employment and appraisals were originally set to expire on Dec. 31, 2020, however Fannie Mae is now pushing that back to at least Jan. 31, 2021. “We are extending the temporary flexibilities related to verbal verifications of employment and power of attorney to loans with application dates on or before Jan. 31, 2021 fr
Better Dwelling
DECEMBER 11, 2020
Canada’s largest bank is prepared for price drops most would find unthinkable. Royal Bank of Canada (RBC) filings show possible risk scenario forecasts. Over the next year, the base forecast shows virtually flat growth. In a best case scenario, growth would hit levels similar to previous years. In a worst case, they forecast prices can […]. The post RBC’s “Worst Case” For Canadian Real Estate Is A Price Drop of Nearly 30% appeared first on Better Dwelling.
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Housing Wire
DECEMBER 11, 2020
With the COVID-19 pandemic forcing people to work remotely , downsize, or employ alternative money-saving techniques, the flexibility of a tiny home has never been more attractive to consumers. A survey of 2,000 consumers by finance company IPX 1031 , released in December, found that 56% of Americans say they would live in a tiny home and 86% of first-time homebuyers would consider one for their first home. .
RIS Media
DECEMBER 11, 2020
It’s safe to say that 2020 threw everyone for a loop. The coronavirus pandemic has impacted the lives of billions of people worldwide, and perhaps the most surprising element of all has been how COVID has supercharged the U.S. real estate markets rather than upended them. “This has been a strange year. But there has been a lot of good in this year too,” said Brian Buffini, founder and chairman of Buffini & Company , at this year’s “Bold Predictions: 2021 Real Es
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Afford Anything
DECEMBER 11, 2020
Welcome back to PSA Thursday, a weekly- ish segment in which we talk about how to handle money, work, and life in the year that is 2020. Today we provide an update on the latest news in student loan forgiveness and forbearance, plus smart strategies for student loan repayment in 2021. Here’s what we discuss: When you can expect to make payments on federal student loans again.
Housing Wire
DECEMBER 11, 2020
Through every financial transaction in a person’s life — whether a mortgage, auto, student or personal loan — there is one constant: the borrower. Yet borrowers have had limited agency in the lending process to date. Lenders have always controlled access to borrowers’ ability to pay (ATP) information and, by extension, the transaction as a whole. And because lenders only collect borrower data at a specific point in time — typically, during loan qualification or underwriting — their understanding
The American Genius for Real Estate
DECEMBER 11, 2020
(EDITORIAL) Recycling dead malls into community colleges and libraries are smart ideas, but is there a deeper, darker implication behind the affordable housing idea? The post Malls repurposed as housing could bring back discrimination appeared first on The American Genius Real Estate.
Housing Wire
DECEMBER 11, 2020
This week’s people mover announcements features another addition for Offerpad ‘s executive team, with Steve Johnson stepping into the role of chief operating officer. The recent string of executive-level hires is part of a company focus to prepare for growth through the end of this year and into 2021. Johnson joins the executive team from global finance company MSCI , where he served as managing director and president of InvestorForce.
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.
Realtor.com
DECEMBER 11, 2020
Charlotte Kesl for The Wall Street Journal Americans are poised to take more mortgages this year than they did even during the run-up to the 2008-09 financial crisis. In the first nine months of the year, lenders extended $2.8 trillion of mortgages, according to industry-research firm Inside Mortgage Finance. The boom has extended into the final quarter of 2020, prompting analysts to predict origination volume will exceed the prior record of $3.7 trillion in 2003.
Housing Wire
DECEMBER 11, 2020
OJO Select Network. The OJO Select Network, OJO Labs’ newly-launched exclusive referral network for top-producing agents, helps grow your business by providing introductions to homebuyers and sellers who are ready to speak with an agent. All referrals are screened to ensure quality, and OJO’s team facilitates warm introductions and provides support to both the homebuyer and agent from introduction to close. #1.
Realty Biz
DECEMBER 11, 2020
Owning a rental property can be a great way to make additional income. However, issues can arise when it comes to selling tenanted property. When it comes to selling property with sitting tenants, many landlords find themselves trapped in a web of questions that only the law can answer. Is it legal to sell property with sitting tenants? If yes, should you evict the tenants or wait until the tenancy ends?
Sotheby's International Real Estate
DECEMBER 11, 2020
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Great Neck, New York | Jason Friedman & Rudi Friedman , Daniel Gale Sotheby’s International Realty . Built in 1995, this waterfront Long Island manor is an incredible estate designed by the award-winning architecture firm Shope Reno Wharton.
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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.
Agent Fire
DECEMBER 11, 2020
Hashtags can be a great engagement tool when used correctly. Learn to identify the right real estate hashtags to leverage in your real estate content in this article. How To Use Real Estate Hashtags The Right Way In 2021 is just one of many great real estate strategies on The Spark.
RIS Media
DECEMBER 11, 2020
RISMedia was recently recognized by the National Association of Real Estate Editors (NAREE) during their 70th Annual Journalism Competition. RISMedia was awarded the following: Bronze Award – Best Blog. “4 Easy Staging Tips You Haven’t Thought About” on RISMedia’s Housecall. Judges’ comment: In “ 4 Easy Staging Tips You Haven’t Thought About ,” Dominguez gives good tips in bold-face type—and then fills in with details from her reporting.
Realtor.com
DECEMBER 11, 2020
Steven Wallace A house built to honor the great pyramids of Egypt is now a fixer-upper with potential in Pennsylvania. Listed for $299,900, the pyramid house is a local landmark in its Lake Ariel, PA, neighborhood. The listing agent, Heather Meagher , says the property always attracts a lot of attention. “The community has a lot of chalet homes and vacation style, but this one is kind of a landmark in the community,” she says.
RIS Media
DECEMBER 11, 2020
RE/MAX Chief Customer Officer Nick Bailey recently hosted an episode of Good Morning RE/MAX focusing on the real estate outlook for 2021 and beyond. Bailey was joined by Ivy Zelman, CEO of Zelman & Associates, as well as real estate tech strategist Mike DelPrete. What’s happened in the last year and, specifically in recent months? Zelman said the industry “has had an unbelievable, remarkable recovery from the initial shutdown” following the first peak of the coronavirus.
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.
Brownstoner
DECEMBER 11, 2020
There's plenty of room to stretch out on this 52-acre spread and the centerpiece is a 1940s manse brimming with Medieval style on the outside and Mid-Century character on the interior. Christened Valkryia, the property was designed as an integral part of the private community of Lake Valhalla. The development was… Read More > The post You Can Rule Over Your Own Majestic Hall on Lake Valhalla for $3.3 Million appeared first on Brownstoner.
RIS Media
DECEMBER 11, 2020
What: We are in the midst of a competitive seller’s market, and so when a new listing becomes available, agents jump at the opportunity to get a contract signed. One thing agents should strive to avoid, however, is discounting their commissions. In this RISMedia webinar, sponsored by Homes.com, panelists will discuss top strategies for maintaining a competitive edge in listing presentations so agents can win more listings without having to resort to a commissions reduction.
Brownstoner
DECEMBER 11, 2020
The city’s Gowanus rezoning will officially start its public review process on January 19, city planners announced Monday. The neighborhood-wide land use changes will go through the city’s lengthy Uniform Land Use Review Procedure, or ULURP, giving the public, local politicians and planning officials a chance to weigh in on… Read More > The post Public Review Process for Gowanus Rezoning Set to Begin in January appeared first on Brownstoner.
Point2Homes
DECEMBER 11, 2020
Image: Sunny studio / Shutterstock.com. We were all hoping the holiday season was going to be spared the wrath of 2020. But it seems we’re going to have to buckle down for another round of social distancing instead. Rather than let this news get you down, why not embrace the change? Without any travel or visitors, this year is the perfect opportunity to try out some new holiday traditions.
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.
Brownstoner
DECEMBER 11, 2020
In the News Housing Fights to Be Heard in the Mayoral Race [NYT] Civic Gurus Call for Removal of Downtown Brooklyn Columbus Statue [BP] Massive Apartment Complex Slated for Coney Island’s Surf Avenue [BP] Dumbo’s Time Out Market to Temporarily Close [BP] Two Whole Cars Were Just Fished Out of the Gowanus Canal [PMFA] Central Brooklyn… Read More > The post Daily Links: Two Cars Found Buried Deep in the Sludge of the Gowanus Canal During Cleanup appeared first on Brownstoner.
Realtor.com
DECEMBER 11, 2020
HGTV Whether a house is big or small, renovations are a lot of work—as the teams on “Flipping Across America” (hosted by Alison Victoria ) learn during their latest flips. In the episode “What You Get for the Money,” Jon Pierre and Mary Tjon-Joe-Pin of “Going for Sold” renovate a large, 2,200-square-foot, three-bedroom home in Houston. Meanwhile, Aubrey and Bristol Marunde of “Flip or Flop Vegas” refresh a tiny 723-square-foot condo in Las Vegas.
Eye on Housing
DECEMBER 11, 2020
Prices paid for goods used in residential construction ex-energy decreased 0.6% in November (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index for inputs to residential construction, including food and energy also decreased over the month, albeit by slightly less (-0.5%).
Realtor.com
DECEMBER 11, 2020
realtor.com Fans of vintage mid-1970s architecture let out a collective gasp when they got a peek inside a shag-carpeted fantasy in the woods outside Fort Wayne, IN. We saw hundreds of thousands of clicks roll in, and the waves of interest in this well-preserved residence easily made it this week’s most popular home on realtor.com®. And folks weren’t simply gawking.
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Lab Coat Agents
DECEMBER 11, 2020
HOW TO BUILD YOUR BUSINESS SAFELY DURING THE HOLIDAY SEASON. Oh no! It’s December… the year feels like a waste! No matter how successful you are, and. how great of a year you had, the Holiday Season leaves many people looking back at the year, instead of preparing for the next one. We have been shown how important it is to list in this market! The term “list to last” has. finally hit home for a lot of buyer’s agents working to compete in a highly competitive. market.
Fancy Pants Homes
DECEMBER 11, 2020
For as long as we can remember, celebrities have been snapping up lavish homes and settling down in places like Beverly Hills , Palm Springs or Malibu. Looking for that perfect combination of privacy, opulent estates, breathtaking views, and proximity to filming locations or performance venues, A-listers have had their pick from some of the most beautiful and exclusive enclaves out there.
Notorious ROB
DECEMBER 11, 2020
In my previous post on the topic of the new NAR speech code regulations, I pointed out something I thought was problematic: In addition, the Committee recommends changing the definition of “Public Trust” with these changes: The Committee recommends that the definition of “public trust” be expanded to include all discrimination against the protected classes.
Brownstoner
DECEMBER 11, 2020
Our selections for open houses to see this weekend all have some period detail to offer, while two of the four have had more recent renovations. Found in Park Slope, Bed Stuy, Crown Heights and Ditmas Park West, they range in price from $1.685 million to $3.75 million. First up,… Read More > The post A Flatbush Standalone With a Garage and Three More to See, Starting at $1.685 Million appeared first on Brownstoner.
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.
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