Fri.Jun 18, 2021

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Juneteenth holiday sparks chaos for lenders, LOs

Housing Wire

This article first appeared in the June 18th newsletter Lending Life. Sign up here to receive each weekday. On Thursday, President Joe Biden signed a bill into law, declaring June 19th, or Juneteenth, a federal holiday. Biden’s order commemorates the date the last enslaved African-Americans were informed that they were free. Wonderful news, right?

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Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. When you rent , you build your landlord’s wealth, your monthly payment depends on ever-rising rents , and you don’t benefit from home price appreciation. On the other hand, when you own your home, you build your own wealth , your monthly payment is locked in , and you benefit directly from home price appreciation. If you’re feeling the challenges of a competitive market , remember that homeownership is a long-term game.

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Doug Duncan and the housing market’s supply conundrum

Housing Wire

The housing market is no stranger to supply constraints. A toxic combination of wildly inflated lumber prices , a lack of new and existing homes , and the sheer number of borrowers willing to pay tens of thousands of dollars over ask on homes they’ve never seen in person, has created a pandemic-driven problem that the industry can’t quite shake.

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The Canadian Property Bubble Reaches Contagion, Making A Financial Crisis Likely

Better Dwelling

Prices just outside of frothy Canadian real estate markets are growing much faster than in the city. That’s typical of a bubble, and it’s called “housing bubble contagion.” In a paper titled Housing Bubble Contagion From City Centre To Suburbs, three Taiwan-based researchers argue bubbles spread outwards. Bubbles force investors and developers to look for […].

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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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With a reinvigorated CFPB, what’s next for the NYDFS?

Housing Wire

Through a stroke of lucky timing, the New York Department of Financial Services (NYDFS) had gained traction with a reorganized and strengthened consumer advocacy mission just before the COVID-19 pandemic erupted in early 2020. Homeowners, renters, borrowers, lenders and mortgage servicers had one less thing to worry about as they absorbed the implications of pandemic-sparked forbearance rules and other regulatory shelters: realigned NYDFS operations were already in synch with the servicers that

Mortgages 384

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Luxury Real Estate Headlines: Third Week in June 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Otago, New Zealand | Matt Finnigan, New Zealand Sotheby’s International Realty . The Otago region in South Island has always been popular with tourists for its viniculture—but the region’s resort towns such as Queenstown and Wanaka have recently seen a growth increase of 58.8 per cent in its property market as well, says Fahmi.

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Can You Buy a FSBO Home With a Real Estate Agent?

Realtor.com

Getty Images When you’re shopping for a home, you might encounter certain homes listed as FSBO. Short for “for sale by owner,” these are properties that homeowners are selling on their own, typically to save money that traditionally goes toward a real estate agent’s commission. But what happens if you, the buyer, are working with a real estate agent—does that mean FSBO homes are off limits?

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Mortgage and refinance rates today, June 18, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose again yesterday and by a surprisingly appreciable amount. By recent standards, those rates are now high. So don’t believe Freddie Mac’s […].

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Don't Miss the Unveiling of the 2021-22 Top Ten Issues Affecting Real Estate® 6-23

Miller Samuel INC

[click image for free registration]. I'm a Counselor of Real Estate (CRE) and wanted to share this. Join The Counselors of Real Estate on June 23 for the unveiling of the 2021-22 Top Ten Issues Affecting Real Estate ®. Now in its 10th year, this signature thought leadership initiative identifies the current and emerging issues expected to have the most significant impact on all sectors of 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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Carlsbad Golf

BubbleInfo

It’s golf week! CARLSBAD, Calif. – It’s been dubbed the Silicon Valley of golf and compared to Detroit for the auto industry or to Akron, Ohio, the rubber capital of the world. Over the last 30 years, Carlsbad, this sleepy little beach town and agricultural community located 35 miles north of San Diego, has exploded […].

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TV: Newsday Live: Hot Tips For a Hot Market: For Sellers

Miller Samuel INC

I had a fun conversation with Faith Jessie, journalist and anchor at Newsday, Maura McDermott, the real estate writer at Newsday, and Monica Balsan at Daniel Gale Sotheby's International Realty. My housing data came from our Elliman Report: Long Island Sales series I author for Douglas Elliman. The interview was placed on Newsday's home page, which was pretty cool.

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Celebrate The Official Start of Summer This Weekend

Waterfront Properties

Bring out to outdoor yard games, pool toys, and stock up on your cookout supplies because the official start of summer is just a few days away. Thought the weather around the country have been seems to already break into the summer temperatures for a few weeks now, the official start of the summer season is this Sunday, June 20th. The first day of summer is determined by the tilt of the earth’s axis as it rotates around the sun. on this day, the North Pole is the closest to the sun and the nort

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Count the Closing Costs: A Line-By-Line Guide to Closing Costs With A Mortgage

HomeLight

During the excitement of searching for a home and getting preapproved for a loan , closing costs may get overlooked. Many buyers tend to budget for their monthly mortgage payment and their down payment , but closing costs need to be considered in the equation as well. Can you still afford the home of your dreams when you account for closing costs? We’re going to find out.

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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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Agent Spotlight: Eva Riddle

First Team Real Estate

A longtime top-producing agent with FirstTeam, Eva Riddle consistently ranks among our highest performing professionals as a Hall of Fame award recipient. Closing an impressive $13 million in total sales volume for 2021 so far, Eva personally connects with her clients to help them achieve their financial goals in the real estate market. Eva’s biggest fan is her Office Manager, Jeana Sander.

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A Prospect Park South Standalone With Garage and Three More to See, Starting at $2.495 Million

Brownstoner

Our picks for open houses to check out this weekend all happen to date from the turn of the last century. Found in Park Slope, Prospect Park South, Prospect Lefferts Gardens and Bed Stuy, they range in price from $2.495 million to $3.2 million. In South Slope, this late 19th… Read More > The post A Prospect Park South Standalone With Garage and Three More to See, Starting at $2.495 Million appeared first on Brownstoner.

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Paddle Boarding for Cystic Fibrosis - Jupiter

Waterfront Properties

A Jupiter based nonprofit dedicated to supporting and improving the lives of people with cystic fibrosis Piper’s Angels Foundation for Cystic Fibrosis will host its signature event, The Crossing for Cystic Fibrosis, on Sunday, June 27, 2021. The foundation hopes to bring awareness, knowledge, understanding and funds for research. This will be the fifth annual fundraiser with over 150 paddlers expected to paddle 80 miles from Bimini, Bahamas to Lake Worth Beach.

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More MLS Musings: Artwork Edition!

Toronto Realty Blog

TorontoRealtyBlog. Would you consider a statue of a dog to be “artwork?” My dad and my step-mom have this porcelain dalmatian that’s so life-like, my 16-month-old son tried to feed it a cracker last weekend. Is that statue considered “art?” My daughter wants to know. One thing I’ve learned over the years is that artwork is very, very personal.

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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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Public Sculpture Installation - Wellington

Waterfront Properties

As a part of the most recent installment of the Art in Public Places initiative sculptures by renowned Wellington artist Colbert C. Collins will soon be on display in various locations in the Village of Wellington. Collins’ bronzes reflect an inner vision that life is “a discovery of the inherent design and relationship between all things.” His pieces illustrate a fascination with movement and the significant bonds between people.

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HUD Aims to Boost Homeownership for Buyers With High Student Loans

Realtor.com

MANDEL NGAN/AFP via Getty Images WASHINGTON—The Federal Housing Administration is relaxing the way it assesses student-loan debt when weighing eligibility for homebuying assistance as the Biden administration pushes to help lower-income borrowers and narrow a racial gap in homeownership. The changes, which were presented in a letter to lenders late Thursday, are intended to allow more borrowers to qualify for loans backed by the FHA, a unit of the Department of Housing and Urban Development that

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First-time home buyer loans: Low or no money down (Podcast)

The Mortgage Report

This podcast covers low- and zero-down first-time home buyer loans. Get advice for home buying and paying closing costs with very little out of pocket.

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Minnesota’s Most Expensive Home Is a $15M Mansion on a Private Island

Realtor.com

realtor.com A magnificent Minnesota mansion surrounded by water is the state’s most expensive listing. Listed for $15 million, the enormous residence sits alone on a 1.37-acre spit of land that juts out into St. Alban’s Bay. Known as Windermere , the estate in Greenwood, MN, offers water views from almost every vantage point and is on the market for the first time as a completed estate.

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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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‘Juneteenth Way’ Unveiled in Prospect Park as Restoration of Lefferts Historic House Kicks-Off

Brownstoner

A tree-sheltered walkway in Prospect Park with benches newly emblazoned with the colors of the Pan-African flag was officially unveiled on Friday as "Juneteenth Way" in a celebration of the national holiday. The unveiling celebration by the Prospect Park Alliance also marked the start of a long-planned restoration of the… Read More > The post ‘Juneteenth Way’ Unveiled in Prospect Park as Restoration of Lefferts Historic House Kicks-Off appeared first on Brownstoner.

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Baba Booey’s Massive Connecticut Mansion Is the Week’s Most Popular Home

Realtor.com

Realtor.com, Getty Images Hey, now! The executive producer of “The Howard Stern Show,” Gary Dell’Abate , recently put his custom-built Greenwich, CT, mansion on the market. Howard Stern fans clicked like crazy to get a look at the home of the man known as Baba Booey. That intense interest made Dell’Abate’s place the most popular home on Realtor.com® this week.

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Daily Links: Ferry Service Returns to Dumbo This Weekend After $4.7 Million Overhaul of the Pier

Brownstoner

In the News Ferries Will Return to Dumbo Pier This Weekend [BP] City Scraps Plan to Convert Gravesend Schoolyard to Public Park [BP] Part Two of Brownsville Police Pull-Back Program Shows Success [The City] Coney Island's Mermaid Parade Will Return in September [Gothamist] Man Dies After Falling Into East River at Domino Park [Gothamist] City Destroys… Read More > The post Daily Links: Ferry Service Returns to Dumbo This Weekend After $4.7 Million Overhaul of the Pier appeared first on

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Matthew Perry Finally Sells His Posh L.A. Penthouse for $21.6M

Realtor.com

Charles Sykes/Bravo/NBCU Could Matthew Perry be on any more of a real estate roll? After two years and a major price cut, the “Friends” star has sold off his Los Angeles penthouse for $21.6 million. Gregory Holcomb with Compass represented the seller, and James Harris with the Agency repped the buyer. While the sale price is more than the $20 million the star paid in for the “mansion in the sky” in 2017, it’s far less than the whopping $35 million he was looking for in 2019.

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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.