Wed.Apr 28, 2021

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Applications drop, despite falling mortgage rates

Housing Wire

Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5% decrease in applications in its latest report for the week ending April 23, 2021. Mortgage applications decreased despite mortgage rates falling for the third week in a row, indicating high prices and low inventory, said Joel Kan, MBA associate vice president of economic and industry forecasting. “Even with a few weeks of lower rates, most borrowers have likely already refinanc

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Canada Is Pumping More Credit Into Its Property Bubbles, Against Global Warnings

Better Dwelling

Canadian real estate is in a melt-up, and the Government of Canada (GoC) was warned not to pour any gas on the fire. Naturally, they’re getting ready to pour gas on the exact fire they were told not to. On May 3, 2021, the GoC will expand the First-Time Home Buyer Incentive (FTHBI) program. The […]. The post Canada Is Pumping More Credit Into Its Property Bubbles, Against Global Warnings appeared first on Better Dwelling.

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Community Title Network acquires Colony Title Group

Housing Wire

Mid-Atlantic title company Community Title Network LLC has acquired Colony Title Group LTD, an agency in Columbia, Maryland. It’s the third acquisition made by Community Title Network, which acquired Virginia-based The Settlement Group in June 2019 and Baltimore’s Continental Title Group in July 2016. Edwin Tillman, who founded Colony Title Group in 1995, will remain with the company and serve as leader of branch operations.

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Biden’s first-time homebuyer tax credit heads to Congress

The Mortgage Report

Biden's proposed $15,000 home buyer tax credit is now in Congress, along with a $25,000 home buyer grant. Learn about what both programs would entail.

Mortgages 138
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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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Veritex buys 49% stake in Thrive Mortgage

Housing Wire

The parent company of Veritex Community Bank will acquire a 49% stake in Texas-based mortgage lender Thrive Mortgage , the firms announced late Tuesday afternoon. Veritex Holdings , which has a long history of making acquisitions, will pay $53.9 million for its piece of Thrive, valuing the Georgetown, Texas-headquartered company at roughly $110 million.

Mortgages 370

More Trending

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PeerStreet aids underserved real estate entrepreneurs

Housing Wire

Following the murder of George Floyd in 2020, PeerStreet CEO Brew Johnson knew his real estate investing platform needed to get involved with forwarding social change. That led to the launch of PeerStreet’s “Evolving Neighborhood Uplift Fund,” a charitable initiative used for a more purposeful and sustainable way to invest in real estate entrepreneurs from underserved communities.

As-is 370
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30% Appreciation in 2021?

BubbleInfo

Our seasonally-adjusted Case-Shiller Index rose more in one month than any other U.S. metro area! The increase in the three-month annual percentage was nearly 22%, and it doesn’t include March and April which have been hotter. The San Diego index was still positive during the initial Covid months (but muted), so it’s safe to say […].

Sales 122
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The 100-years-war over real estate commissions

Housing Wire

In 2002, Natalya Delcoure and Norman Miller, two real estate economists, set about to learn what fees consumers pay real estate agents in America. They were especially interested in real estate commissions. What Decloure and Miller discovered was somewhat shocking. On average 6% of the proceeds from each home sale went to the participating real estate agents.

Brokerage 403
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U.S. Real Estate Prices Are Growing At The Fastest Rate Since The 2006 Peak

Better Dwelling

All but two U.S. real estate markets are seeing double-digit annual price growth. The S&P CoreLogic Case-Shiller Index shows February saw annual home price growth hit the highest level since 2006. Three of the Top 20 markets even hit an all-time record for home price growth. U.S. Home Prices Are Growing At The Fastest Rate […]. The post U.S.

Marketing 121
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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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SimpleNexus, Notarize partner in new eClose release

Housing Wire

Digital mortgage platform SimpleNexus now supports remote online notarization (RON) through its eClose technology, the company announced Tuesday. It will also partner with Notarize in debuting RON to eClose. It’s a big deal for lenders, who can now use the platform to complete fully-digital electronic closings on any web-enabled device — including a mobile phone, said SimpleNexus President Cathleen Schreiner Gates. “In addition to improved borrower experience, eClose offers lenders s

Closing 370
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Hope For More Inventory?

BubbleInfo

Zillow is optimistic that we will see more homes being listed for sale: In prior years, inventory has generally increased in March, and the return to some seasonal normality is a positive sign that the market is reaching a more steady state and could see inventory rise more steadily going forward. With home values skyrocketing, […].

Sales 119
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5 Reasons To Not Pay Off Your Mortgage Early

Realtor.com

Branko Miokovic/iStock You’ve imagined it: that party you’ll throw (and the happy dance you’ll undoubtedly do) the day you pay off your mortgage. Ah, the joy of being debt-free and the full owner of your home! But hold on: While paying off that principal on your home loan is certainly an achievement, it’s not one you want to rush unnecessarily. We know, holding on to a mortgage payment can seem counterproductive—especially when you have a large amount of debt looming over your head—but getting r

Mortgages 116
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#313: The Unspoken Rules that Could Cost You Thousands, with Gorick Ng

Afford Anything

Are you aware of the unspoken rules that govern your workplace or industry? …the rules that determine how you’re perceived by your managers? …the rules that no one teaches us? Yeah, those rules. “Um, well, if they’re unspoken rules, then…probably not?”. Case in point. So, how the heck are we supposed to land the right jobs for our career trajectory, succeed in those jobs, and advance, without knowing what these rules are?

HR 113
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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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More Buyers Are Specifically Looking for New Construction

Eye on Housing

A recent post revealed that 16% of adults are planning a home purchase in the next 12 months. Among that group of prospective buyers, 42% are looking to buy a newly-built home and 30% an existing home. A year earlier, in the first quarter of 2020, only 24% of buyers reported a preference for new homes, while 40% were looking.

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Yet Another Bully Offer Dilemma! (Pt2)

Toronto Realty Blog

TorontoRealtyBlog. When last we spoke, I had just obtained a bully offer on my listing for a whopping $1,600,000, and had emailed the 55 other showing agents that we intended to work with the offer that evening. Saturday evening. Welcome to life as a real estate agent, folks! With my daughter exclusively eating pizza crusts only, and my son shoving six pizza squares into his mouth all at once, to the point of choking, I knew I wasn’t long for this outdoor pizza party.

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Things To Do in Jupiter

Waterfront Properties

Jupiter, Florida is known for its miles of sandy beaches and beautiful ocean waters, miles of biking and hiking trails, nature areas and parks, excellent rated schools, award winning restaurants and shopping, numerous outdoor activities, great hospitals, friendly neighborhoods, and some of the best golf courses in the country to name a few. In February, Jupiter celebrated its 96th year as an incorporated town in the state of Florida.

As-is 105
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Reliable Methods to Protect Your Property from the Thieves

Realty Biz

Valuable things need to be protected. Your land and all things in it should be taken care of and protected, just like any other property that you own. Your home is the most valuable property that you own and therefore should be protected as well. Property fluctuates and sometimes appreciates. Regardless of the value of your property, it is important that you protect it from thieves.

Land 102
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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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What Is Midcentury Modern Architecture? Clean Lines Are Only the Beginning of This Timeless Style

HomeLight

For many of us, home is an oasis: a place to relax and unwind after a hectic day. And there’s perhaps no design style that embodies tranquility and rest better than midcentury modern design. Characterized by their clean lines, oversized windows, and minimal decorations, midcentury modern homes are an attractive choice for many. Still, the design style can be a little hard to pin down.

Design 104
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Affordable Housing Lottery Opens for Nine Units in Williamsburg, Starting at $1,342 a Month

Brownstoner

An affordable housing lottery has opened for nine units in an eight-story building at 56 Ainslie Street in Williamsburg. Of the affordable apartments, there is one studio and six one-bedroom units. Monthly rents start at $1,342 and top out at $2,631. The lottery is set at an area median income range of… Read More > The post Affordable Housing Lottery Opens for Nine Units in Williamsburg, Starting at $1,342 a Month appeared first on Brownstoner.

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Breakfast Spots Worth Visiting in Delray Beach

Waterfront Properties

Delray Beach is known for well-known for its remarkable restaurant and entertainment scene. Fortunately, the good news is you do not have to wait until evening to enjoy it. There are several great spots open for breakfast, brunch and/or lunch. The uniqueness of Delray Beach is evident wherever you go. Try one of these wonderful cafes in Delray and truly get a flavor of the area.

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Cool Listings: Inside The Wallpaper House, Where Each Room Has its Own Unique Design

Fancy Pants Homes

If colorful interiors and intricate patterns are your thing, we’ve got a treat for you. A luxury home recently hit the market in Westwood, Los Angeles, and it comes with a collection of striking custom wallpapers — that rightfully earned it the moniker “the Wallpaper House” Owned by Kristin Jones, an Executive Vice President with AMC Networks, the home’s colorful walls boast art by Missoni, Ananbo and Neisha Crosland, to name just a few, bringing contemporary elegan

Design 98
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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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Florida Specialty License Plates

Waterfront Properties

The State of Florida offers a way for people to contribute to a cause they care about through specialty license plates. The plan to use a specialty license plate to build a billion-dollar fund for state park repairs now includes additional tags for veterans, Biscayne Bay, and the imaginary Margaritaville of Jimmy Buffet fame. The bills sponsors – Rep.

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Offer Contactless Tours With Swiftlane

Swiftlane

Self-guided touring is quickly becoming the most convenient way to show apartment buildings. While more convenient and flexible, they have also been shown to increase lease conversions by 86% versus tours escorted by property staff. Swiftlane Video Intercom offers a convenient, secure way for property managers to provide their prospective renters with contactless, self-guided apartment […].

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Zillow Tustin Ranch vs Local Expert Jennifer Palmquist

First Team Real Estate

This guest post is written by Jennifer Palmquist, one of the top real estate agents serving Tustin Ranch. While Zillow Tustin Ranch may be a great place to start your buying or selling journey, money-conscious homeowners who are looking to get the most out of their time and investment turn to local market experts like myself to help them succeed when it comes to their greatest financial asset.

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Historic Crown Heights Row House With Pier Mirror, Built-ins, Mantels Asks $1.925 Million

Brownstoner

This home in the Crown Heights North Historic District looks to be another fine example of the work of prolific architect Axel Hedman, who designed hundreds of Brooklyn row houses including many on this stretch of Prospect Place. The interior is rich with woodwork including a pier mirror, fretwork, built-ins,… Read More > The post Historic Crown Heights Row House With Pier Mirror, Built-ins, Mantels Asks $1.925 Million appeared first on Brownstoner.

Design 98
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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.