Mon.Nov 23, 2020

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Auction.com: Demand for distressed housing returning

Housing Wire

Auction.com ‘s Distressed Market Outlook report for the fourth quarter shows a pick-up in demand for distressed housing, with a 24% increase in completed foreclosure auction volume in September. In addition, the foreclosure sales rate is at a seven-year high, and REO bids-per-asset are at an all-time high. . The report notes that widespread foreclosure moratoria in place do not apply to legally vacant or abandoned homes.

Investor 531
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Don’t Let Buyer Competition Keep You from Purchasing a Home

Keeping Current Matters

This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we approach the end of the year, but that could be a big mistake for many hopeful house hunters.

As-is 257
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Low, low mortgage rates make 19.4 million eligible for refi

Housing Wire

As mortgage rates sta y below 3% for the 17th consecutive week, a Black Knight report released Friday found that the number of “high quality” refinance candidates continues to climb. According to the report, a whopping 19.4 million homeowners are now in a position to save through refis – the most in history. Black Knight’s report views prime candidates as 30-year mortgage-holders who have at least 20% equity in their homes, credit scores of 720 or higher, are current on their payments and who st

Mortgages 504
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Bundle Up! Winter’s Home-Buying Game Has Changed. Here’s How To Win

Realtor.com

Viktoriia Hnatiuk / Getty Images Savvy home buyers know that winter is typically a good time to embark on a house hunt, since much of their competition stays holed up at home until spring. But this winter, buyers might notice that despite the cold and the holidays, they’ve got company. Lots of it, in fact. “Normally winter is a good time for buyers,” says realtor.com® chief economist Danielle Hale.

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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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HUD Secretary Ben Carson improving following COVID-19 diagnosis

Housing Wire

Department of Housing and Urban Development Secretary Ben Carson said he’s “out of the woods” after experiencing severe symptoms related to a positive COVID-19 diagnosis earlier this month, according to a MarketWatch report. Carson, 69, credited a botanical treatment derived from the oleander plant for his “dramatic” improvement after he began feeling ill, he said in a post on Facebook.

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7 Tips for Settling Into Your New Space This Holiday Season

Realtor.com

If moving into a new home wasn’t already a perfect excuse to develop new traditions, settling in during the holiday season is an even perfect-er one. And with the 2020 holiday season shaping up to be, let’s just say, different than any other in recent memory, now is the time to embrace the unknown and find the fun. Who knows? Maybe this is the start of your new favorite winter celebration.

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We Drastically Reduced Our Kitchen Waste With These 6 Ridiculously Easy Methods

Realtor.com

GSO Images/Getty Images If there’s one thing to know about reducing waste, it’s that all of us can improve. And what better place to start your sustainability efforts than in the kitchen? Not only is this the place where we’ll be spending a lot of time over the next couple months, but it’s also where—arguably—we produce the most trash as we make meals (or just dump takeout onto plates) and store food.

Branding 124
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Dollars and Sense: Making Company Culture a Pillar of Your Business Model

RIS Media

Some dollar-producing activities are less obvious to us because they have since been thought of as ancillary or supplemental to our business and the work we do every day. For example, we all know that company culture is necessary for a successful business, but do we ever think of how it translates into real money? Company culture is, in fact, a source of revenue, but how often is it treated that way?

Agents 113
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Mortgage and refinance rates today, November 23, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower last Friday, as we predicted. And conventional loans started out this morning at 3% (3% APR) for a 30-year, fixed-rate […].

Mortgages 111
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Water Damage: Causes and Prevention

RIS Media

Water damage has a variety of causes: storms, flooding, roof leaks, broken water pipes and lines, leaking washing machines, and more. This can lead to mold and odor problems, and worse. If left unmitigated, water damage can eventually cause structural damage, which can entail significant costs to repair and can negatively affect a home’s value.

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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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Common Mistakes People Make When Applying for a Mortgage

Realty Biz

Today, most homeowners still acquire properties through a mortgage loan. Studies show that over three-quarters of home purchase applications are approved. That leaves around 25% faulty and erroneous ones. . The good news is that you can avoid most of the mistakes people make when applying for a mortgage. Being aware of missteps can not only improve your prospects but also speed up the process.

Mortgages 109
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Top 7 Real Estate Accounting Tips for a Good Year-End

RIS Media

As we approach the end of 2020, now’s the time to start preparing so your year-end is as easy and stress-free as possible. It might still be November, but it is never too early to start taking steps to make sure you start 2021 on the right financial foot. This means cleaning house and making sure your books are in order well before it’s time to break out your 2021 calendar.

Brokerage 108
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Home values rise at fastest clip since 2005

Realty Biz

Home value growth has risen to levels not seen since 2005 due to a combination of strong demand and tight inventories, Zillow said in its latest Real Estate Market Report. Rent appreciation, meanwhile, is steaming ahead in many Midwest and Sun Belt cities while declining in major coastal metros. The high-demand market also meant more homes changed hands than at any time in the past 15 years.

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What You Need to Know About Inventory in the 2021 Real Estate Market

RIS Media

If you’ve been checking up on the latest real estate news, you’ve probably seen quite a few reports saying that housing inventory is low at the moment. Understandably, this can be unsettling for agents seeking out a new listing or helping a current buyer find their dream home at a reasonable price. However, with 80 million households in this country, the fact of the matter is that there’s no shortage of housing inventory.

Marketing 104
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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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Where is Your Property Losing the Most Value?

Realty Biz

With reduced stamp duty rates and low-interest mortgages, the housing market is booming. So, how easily can you increase the value of your property or a prospective purchase? Here are some key points that your readers may find of interest: Re-turfing your garden and adding a shed can see a massive increase in house price of £46,873, a return on investment of 6754%.

As-is 104
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Yun Addresses Current and Future Housing Market Trends at NAR’s Residential Economic Issues and Trends Forum

RIS Media

While much has been negatively affected due to the ongoing coronavirus pandemic, there’s one segment of the economy that has continued to thrive despite the surrounding challenges: the housing market. During the “Residential Economic Issues & Trends” forum, held during the National Association of REALTORS’® virtual 2020 Conference & Expo , Chief Economist Lawrence Yun stated the housing industry has exceeded expectations for 2020.

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Renting a Self-Storage Unit: What to Know About Storage Facilities

Maximum Exposure Real Estate

What to Know About Renting a Storage Unit Are you looking to rent a self-storage unit? Do you want to find out how much it costs to rent a storage unit? There are lots of different reasons why you might need to look at storage unit rentals. Whether it’s to help with your move or […]. The post Renting a Self-Storage Unit: What to Know About Storage Facilities appeared first on Massachusetts Real Estate Exposure.

Marketing 103
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Staying Connected and Finding Client Needs

RIS Media

Tips for Earning Buyers and Sellers Through Purposeful Follow-Up Conversations. Successful agents create opportunities to list and sell homes. They do it by hustle, by follow-up and by their expertise, but most of all they do it by talking about real estate on purpose. From the point of view of a potential client, however, real estate may not be what they are thinking of at any given moment, so you and your team have to take the lead in these conversations.

Agents 104
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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 a mortgage refinance, and how does refinancing work?

The Mortgage Report

What is a mortgage refinance? How does refinancing work? Learn what it means to refinance your home and the three best reasons to refinance.

Mortgages 116
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Frank Lloyd Wright’s Armstrong House in Indiana Now Available for $1.2M

Realtor.com

realtor.com At some point in his career, Frank Lloyd Wright strayed over the Illinois border and started designing houses in the neighboring state of Indiana. The Hoosier State lays claim to seven Wright-designed sites , all private residences. One of those rare seven— a Usonian-style home in Ogden Dunes, IN —is now on the hunt for a buyer. Known as the Andrew F.H.

Design 101
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The best bad credit mortgage lenders for 2020

The Mortgage Report

It's possible to get a mortgage with a credit score of 580, or even as low as 500. See our list of the best bad credit mortgage lenders to find your match.

Mortgages 107
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Zillow: Home Value Growth Rate Fastest in Last 15 Years

RIS Media

Home values continue to rise, their growth increasing faster than any time since 2005, according to Zillow’s® latest Real Estate Market Report. Home value growth increased from 0.9 percent month-over-month in September to 1 percent in October—the fastest rate in 15 years. The typical home value is currently $262,604. “The red-hot housing market of this summer and fall is now clearly reflected in soaring home value appreciation,” said Zillow senior economist Jeff Tucker. “

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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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Inventory Watch

BubbleInfo

In seven out of the last eight weeks, we’ve had more new pendings than new listings! This week’s count is 51 new listings, and 92 new pendings! Could it happen that in 2-3 weeks, we could have more pendings than actives? Looks like it! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC Under $1,000,000 Market Date NSDCC Active Listings Avg.

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Homesnap: Further Depletion of Inventory in 2021 or Relief Ahead?

RIS Media

Currently, home sales are outpacing the number of new listings on the market each month, and there’s concern this could lead to a further depletion of inventory in 2021. New data from Homesnap breaks down recent findings, providing an overview of market trends and what that might mean for the future of real estate. According to Homesnap, there was only a.22 percent increase in the total number of new listings brought to the markets in October 2020 compared to last year.

Land 98
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Key Lime Pie Cookies Are The Top Holiday Cookies In Florida

Waterfront Properties

Picking a favorite cookie seems like a nearly impossible task, but somehow every state in the US has managed to have a different cookie listed as their state’s top cookie. Some remain loyal to the original chocolate chip cookie and sugar cookie while other states prefer a nontraditional cookie. Floridians have chosen their favorite cookie to serve at holidays is the Key Lime Pie cookie or the Key Lime Pie sandwich cookies filled with a tangy cream.

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Zillow Raises Appreciation Forecast

BubbleInfo

I showed three houses over the weekend, and other buyer groups were looking before and after. For every hot buy, it seems like there are 5-10 buyers! This enthusiastic demand coming in November can only mean that the 2021 market is going to go ballistic. We will get the latest Case-Shiller Index tomorrow, and the […]. The post Zillow Raises Appreciation Forecast appeared first on bubbleinfo.com.

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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.

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8 Signs You Should Hire a Property Manager

Louisville Homes

First, you go out and find that perfect rental property. Now, you need to attract great tenants. Then collect rent on time. What if something breaks? Time to fix it yourself or call a handyman. But there are many tasks that a professional property manager will allow you to take care of other things while they handle your property for you. Read on to see the top eight signs you should hire a property manager.

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The Holidays At The Flagler Museum

Waterfront Properties

It beginning to look a lot like Christmas on Palm Beach Island. The Flagler Museum has transformed into a Christmas wonderland as part of their annual holiday tradition, Christmas at Whitehall. During the holiday season, the first floor of Whitehall, also known as The Flagler Museum, is decorated in traditional Gilded Age holiday decorations. The main focal point of the holiday décor is the large 16-foot Christmas tree in the Grand Hall, filled with Gilded Age style ornaments and colored lights.

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A 19th Century Factory for the Garment Industry in Greenpoint

Brownstoner

Editor’s note: This story is an update of one that ran in 2014. Read the original here. Most of my professional life in New York City was filled with various jobs in the fashion and home furnishings business. Although I never worked in the garment center, per se, all of the… Read More > The post A 19th Century Factory for the Garment Industry in Greenpoint appeared first on Brownstoner.

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Real Estate Tips For Seniors Moving To Palm Coast, Florida

Agent Drive

Seniors may incur a different experience when moving out of their homes. They may become emotional, especially when they are relocating to an assisted living facility. But, whatever may be the case, preparations are needed to sell out the property. Preparing as early as possible may offer significant benefits to all parties involved. Here are […].

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.