Housing Wire

SEPTEMBER 21, 2020

The housing and mortgage markets have been the rare bright spots in an otherwise fragile economy brought forth by the ongoing COVID-19 pandemic. Mortgage origination volume this year is on track to be the highest in more than 15 years, led by a strong wave of refinances. Just how busy have lenders been? 2003 was the last time refinance activity was as high as the $1.75 trillion MBA is forecasting for 2020.

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FHA loan Loans VA loan Mortgages 542

Eye on Housing

SEPTEMBER 21, 2020

As the novel coronavirus took hold in the second quarter, households’ market values continued to rise, per second quarter 2020 Federal Reserve Flow of Funds report. In the second quarter, the aggregate value of all household mortgages rose by $80 billion to $10.6 trillion, while the aggregate value of the households’ market values, i.e., that of all owner-occupied real estate.

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Equity Mortgages Marketing Loans 145

Housing Wire

SEPTEMBER 21, 2020

U.S. homeowners with mortgages witnessed a 6.6% year-over-year increase in their equity in the second quarter of 2020 – representing a cumulative gain of $620 billion for the nation and an average $9,800 hike in equity per homeowner, according to a new report by CoreLogic. Record-low mortgage rates and constricted sale inventory cast the perfect storm for home prices which rose 4.3% annually through June ultimately bolstering the increase in home equity, CoreLogic said in its home equity report.

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Equity Mortgages Loans As-is 501

Homes.com

SEPTEMBER 21, 2020

As inventories continue to shrink and mortgage rates continuously hit record-lows, if you're thinking of buying a home, the offer needs to stand out. If you find yourself in a bidding war, here's how you can win amongst other buyers. The post Making an Offer? Here’s How to Win in a Bidding War appeared first on Homes.com.

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Mortgages 131

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Housing Wire

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency said on Monday it had settled with three former Wells Fargo executives for their roles in the bank’s fake-account scandal. The settlements include a $925,000 penalty to former Community Bank Group Finance Officer Matthew Raphaelson, a $400,000 fine to the former Head of Community Bank Deposit Products Group Kenneth Zimmerman; and a $350,000 penalty to the former Head of Community Bank Human Resources Tracy Kidd, the OCC said in a statement.

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Banks Finance Sales Industrial 415

Better Dwelling

SEPTEMBER 21, 2020

Canada’s largest real estate markets have seen another demand factor almost disappear. Government of Canada (GoC) data shows permanent residents admitted fell in July. The decline was strongest in two of the country’s largest real estate markets – Toronto and Vancouver. Meanwhile, Montreal is starting to see improvements, in contrast to last year.

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Marketing 130

REM Online

SEPTEMBER 21, 2020

The following content may have been republished here without the author's permission. The original post can be found at the following URL: OREA pitches land transfer tax holiday, renovation tax credit. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. A new policy report from the Ontario Real Estate Association (OREA) recommends that the government focus on implementing growth-friendly policies to stimulate recover

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Housing Wire

SEPTEMBER 21, 2020

The Federal Reserve approved a revamp of the anti-redlining rules known as the Community Reinvestment Act, or CRA, in a live-streamed meeting on Monday morning and gave 120 days for community and industry feedback. The move comes four months after Joseph Otting, head of the Office of the Comptroller of the Currency , stepped down a day after releasing his controversial reforms of CRA.

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Banks Finance Industrial As-is 404

The Close

SEPTEMBER 21, 2020

Starting a new blog but stuck on what to write? Need some real estate blog ideas to rank on Google, go viral on social media, and actually generate some leads? Well, you’ve come to the right place. Over the last five years, I’ve written or edited hundreds of blog posts that today generate more than 350,000 page views each month. My writing has been featured in The New York Times, Realtor.com, Yahoo, U.S.

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Title Renovation Agents Staging 117

Housing Wire

SEPTEMBER 21, 2020

After hiring 120 underwriters in the past 90 days, Evolve Mortgage Services announced on Monday the company plans to fill another 100 permanent underwriter positions for agency and non-QM loans by the end of the year. Evolve’s announcement is timely as several housing executives noted companies are struggling to staff oper a tions divisions with underwriters, appraisers and notaries.

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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.

Loans

Sotheby's International Real Estate

SEPTEMBER 21, 2020

Nothing quite matches the experience of relaxing with a good book. From formal and wood-clad to modern and creatively illuminated, these five libraries are distinctive places to display and enjoy a collection of favored tomes. Vintage Hollywood Glamour. Los Angeles, California | Jacqueline Tager , Sotheby’s International Realty – Los Feliz Brokerage.

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Brokerage Design Banks As-is 113

RIS Media

SEPTEMBER 21, 2020

Your clients are excited, and a little nervous, about making an offer on a house they’ve fallen in love with. You’re recommending a home inspection so they can learn about the ups and downs, and ins and outs, of their likely next home. Nothing unusual about this scenario, right? But with the current pandemic affecting the home-buying process in so many ways, things need to be handled a bit differently now, including the home inspection.

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The Mortgage Report

SEPTEMBER 21, 2020

Today’s mortgage and refinance rates Average mortgage rates edged higher last Friday. So they ended the week just a little higher than they started it. But probably not by enough […].

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Mortgages 112

Realtor.com

SEPTEMBER 21, 2020

monkeybusinessimages/iStock You moved to the suburbs for a reason. You didn’t go there naively. You knew it would be different. It was clear from the start that you would trading your innovative restaurants, exciting nightlife, and cool cultural attractions for more space and, well, mostly the extra space. But there are other things you may not see coming.

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As-is Sales 111

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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.

Sales

HomeLight

SEPTEMBER 21, 2020

Raise your weary hand if this military move sounds like you: You’ve only just settled into a well-regarded community and a house you love when you receive cross-country PCS (Permanent Change of Station) orders. Cue stress and frustration as your family scrambles to adjust and you face a daunting realization: On top of everything else, you’ll need to sell this house on deadline.

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VA loan Purchase and sale agreement Loans Pre-approval 109

Realtor.com

SEPTEMBER 21, 2020

Spiderplay/Getty Images WASHINGTON—About one million homeowners have fallen through the safety net Congress set up early in the coronavirus pandemic to protect borrowers from losing their homes, according to industry data, potentially leaving them vulnerable to foreclosure and eviction. Homeowners with federally guaranteed mortgages can skip monthly payments for as long as a year without penalty and make them up later.

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Mortgages Staging Loans Finance 109

Afford Anything

SEPTEMBER 21, 2020

It’s September! I’m on round two of what I’ve dubbed my September Sabbatical, otherwise known as my yearly time to take a one-month recess from podcast production. Throughout September, we’re airing some of the most insightful, inspiring interviews from the archives. You’ll hear from experts discussing topics like habits, happiness, focus, digital minimalism, classic financial lessons and easy-to-make financial mistakes.

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Finance Banks Technology As-is 108

Realtor.com

SEPTEMBER 21, 2020

FYMStudio/iStock A lot of us started new hobbies this year, and if yours involved planting the ultimate summer garden, you may just be wondering what to do with it now that fall is here. But don’t throw in the trowel just yet. While your summer schedule may have been packed with all things gardening, fall has its share of gardening delights, too—as well as tasks you’ll need to do to get that garden ready for spring.

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As-is 109

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.

Agents

Maximum Exposure Real Estate

SEPTEMBER 21, 2020

Pros and Cons of Fixer-Upper Homes vs. Move-in Ready One of the questions a lot of potential home buyers ask themselves is, “should I buy a fixer-upper or a move-in ready home?” If you want to buy a bargain home, a fixer-upper can seem like an excellent choice. You will get a property for less […]. The post Should You Buy a Fixer Upper or Move in Ready Home appeared first on Massachusetts Real Estate Exposure.

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The Mortgage Report

SEPTEMBER 21, 2020

Refinance rates are near an all time low, and 2.5 million homeowners stand to save $500 per month or more by refinancing. Find out if that includes you.

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Mortgages 115

Waterfront Properties

SEPTEMBER 21, 2020

Miniature Golf Day is a holiday celebrated by many golf enthusiasts on September 21st every year. The day is similar to National Miniature Golf Day which is celebrated on the second Saturday in May. Miniature Golf Day is a day when people can go to their favorite miniature golf courses around the area and enjoy a few hours of fun. Like, many unofficial holidays, no one really knows how or when this holiday was started.

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Title 105

Realty Biz

SEPTEMBER 21, 2020

Social distancing has led to a huge boom in virtual or streamed events, with the number of businesses planning this type of event doubling – as reported by Wild Apricot. Around 91% of those surveyed claimed that ‘keeping members connected’ was the primary goal of events, though of course, if you are in real estate, then making a sale will probably be your main aim.

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Technology As-is Industrial Agents 104

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.

Agents

RIS Media

SEPTEMBER 21, 2020

The Institute’s Luxury Market Report is your guide to an analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States. September’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend. The Institute for Luxury Home Marketing (ILHM) took a look at the buying trends of the affluent comparing their spending habits and trends between 2019 and 2020, which have ch

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Marketing Residential Industrial Sales 103

Realty Biz

SEPTEMBER 21, 2020

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 Brad and Angela: Hi Brian, We don’t know if we are typical landlords but tenants missing multiple rent payments are threatening our financial security.

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Loans Mortgages Residential As-is 103

RIS Media

SEPTEMBER 21, 2020

When William Shakespeare wrote, “All the world’s a stage,” he was really onto something. Being a good actor on- and offstage can serve you in many areas of life, including real estate. What Does Acting Have to Do With Selling Houses? You’re probably wondering what two wildly different professions could possibly have in common.

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Staging Land Agents Development 103

Brownstoner

SEPTEMBER 21, 2020

An affordable housing lottery has opened for 35 units in a recently constructed seven-story building at 222 Johnson Avenue, at the corner of Bushwick Avenue, in Williamsburg. Of the affordable apartments, there are six studios, 19 one-bedroom units and 10 two-bedroom units. Monthly rents start at $924 and top out… Read More > The post Affordable Housing Lottery Opens for 35 Units in Williamsburg, Starting at $924 a Month appeared first on Brownstoner.

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Construction Marketing 103

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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.

Agents

RIS Media

SEPTEMBER 21, 2020

Earlier this week, Motto Franchising, LLC virtually hosted the second annual Motto EDGE (Entrepreneurs Driving Growth and Excellence) Forum for Motto® Mortgage broker/owners. The one-day “Connected EDGE” event on Sept. 15—Motto EDGE 2020 Forum—saw a 100 percent growth in attendance. The forum included engaging sessions with Mat Ishbia, president and CEO of United Wholesale Mortgage; Casey Cunningham, CEO and founder of Xinnix; as well as updates from the Motto Franchising leadership

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Mortgages Loans Brokerage Finance 102

Realtor.com

SEPTEMBER 21, 2020

realtor.com A house in the middle of nowhere in Colorado offers plenty of privacy from neighbors, but once inside, it’s a whole different story. “It’s a little different than a typical Colorado bungalow,” says listing agent Rob Kittle. “It’s definitely going to take someone with a unique living style since the home is wide open.”. On the market for $489,900, the house is the only one listed in Hereford , which is a collection of a few homes and lots of farmland near the Wyoming border that some

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Land As-is Design Agents 100

RIS Media

SEPTEMBER 21, 2020

Think about the last time you had a really great experience as a customer; remember how that experience made you feel? Now, do the same for the last time you had a poor experience as a customer. The way you think about customer experiences should have a profound impact on how you look at your business as a whole because without your customers, you have no business.

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Agents Technology As-is Marketing 102

Fancy Pants Homes

SEPTEMBER 21, 2020

While rapper Travis Scott didn’t make a lot of noise on the real estate market so far — other than going halfsies with ex Kylie Jenner on the $13.5 million purchase of a Beverly Hills mansion, which they still co-own — he made his debut with a bang. In June 2020, the Astronomical rapper dropped a cool $23.5 million (IN CASH) on a massive mansion in the ritzy Brentwood neighborhood of Los Angeles, as Variety first reported.

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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.

Sales