Mon.Nov 29, 2021

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Pending home sales shock 2021 housing crash bears

Housing Wire

Today, pending home sales came in as a big beat of estimates — up 7.5% in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. Like I have often said, professional grifters have plagued the housing sector for many years and shouldn’t be looked to as fundamental economic sources of information.

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Why Now Is a Great Time To Sell Your House

Keeping Current Matters

As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation , growing equity , low inventory , and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles. In fact, recent data from realtor.com shows a larger share of homeowners are planning to list their houses this winter.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. One group of industry players — loan underwriters — are the chief cause of the logjam. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market.

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Has the Housing Market Peaked? That May Depend on Where You Live

Realtor.com

Realtor.com / Getty Images After more than a year of staggering increases in home prices, the party appears to be coming to an end. The growth in prices, which rose more than 30% this year in some of the nation’s hottest real estate markets, appears to have peaked nationally. Home prices are still increasing, but substantially less than they were just a few months ago.

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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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MISMO searches for participants for closing initiative

Housing Wire

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. MISMO hopes that the initiative will streamline the business process and improve the efficiency of the closing process. The process for reviewing pre-closing title data and documents is currently not standardized, meaning that it can differ from brokerage to brokerage or even agent to

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Pending and Existing Home Sales Jump in October

Eye on Housing

Despite low inventory and increasing affordability concerns, both pending home sales and existing home sales jumped in October, according to the National Association of Realtors (NAR). Though the market remains strong and sales is on pace for its strongest sales in 15 years, higher home prices continue to price out first-time and young buyers. The Pending Home Sales Index (PHSI).

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Open House | Inside a Property With a Private Runway

Sotheby's International Real Estate

Imagine pristine Caribbean waters, white sand beaches that stretch for miles, and all the peace and relaxation that comes with the luxury of private island living. Now imagine the ability to visit such a wonderful place as frequently as you please with the convenience of private air travel. If that sounds like paradise, then Casuarinas Cottage on Pine Bay—an unspoiled, eco-friendly Turks and Caicos island—may just be the perfect getaway property for endless sun, sand, and seclusion. .

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The “Problem” With Housing In Canada Is Lack Of Supply!

Toronto Realty Blog

TorontoRealtyBlog. For those of you who have commented in the past, “I usually skip the stats posts,” you’ll want to close Google Chrome right now. Then again, if you want to sound informed when you talk real estate at the next box social, or wherever youngsters congregate these days, perhaps have a skim. On Friday, my rather tame “rant” sought to dispel the myth-de-jour about “investors” being responsible for the increase in real estate prices in our c

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Useful Nooks and Cute Crannies: How To Transform Your Home’s 8 Most Underused Spaces

Realtor.com

Photos via Houzz by Robert Elliott Custom Homes / Hopkins Designs / US Cellar Systems Has the pandemic had you trying to squeeze every last usable inch out of your overstuffed home? If so, we’re here to help! Just about every house has those oddly-shaped nooks, awkward alcoves, and so-called dead spaces that no regular furniture will fit in. They’re easy to ignore and can be tough to design.

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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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What is an HOA Special Assessment and How Do They Work

Maximum Exposure Real Estate

HOA Special Assessments Explained When buying a condo or a townhome, you should have a firm grasp of the meaning of special assessments. So, what is a special assessment, and how will it affect you? A special assessment is a designated amount of money that all owners in a development run by an HOA will […]. The post What is an HOA Special Assessment and How Do They Work appeared first on Massachusetts Real Estate Exposure.

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3 tried-and-true real estate lead gen techniques for 2022

Easy Agent Pro

We’ve been talking a lot lately about the importance of consistently nurturing those wonderful folks in your SOI. It’s quite the balancing act, however, between performing that task and generating new leads. Very often, one of them will fall through the cracks and, when agents realize this, there’s a mad dash to rectify the situation. Don’t get caught by surprise.

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Inventory Watch

BubbleInfo

The active listings are plummeting, but the pendings will not be deterred! We are setting up for an very active spring selling season, whether we have inventory or not. I actually hope we don’t get a surge of new listings, and it forces the industry to adopt the auction format sooner. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC (La Jolla […].

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What is “Hard Money” in Real Estate Investing?

Realty Biz

In the traditional sense, hard money lending means a lender with a short-term loan to an investor or developer, typically for use as a down payment on a property. The term comes from the idea that this type of financing is more complex to get than other loans because it requires little or no documentation and has higher interest rates. In recent years, however, many lenders have begun offering hard money loans that are easier to obtain and have lower interest rates due to changes in lending regu

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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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Love Plants, Hate the Upkeep? Low-Maintenance Ways To Add Foliage to Your Home

Realtor.com

Photos via Houzz by Terrain / Tres McKinney Design / Kohler When we were deep in the pandemic lockdown, raising all manner of house plants really took off, with some homeowners even hiring plant stylists to tend their greenery. But now that it looks as if we’re finally emerging from COVID-19 darkness, it’s time to admit that lots of us don’t want to deal with potting soil, fungus-laden leaves, and watering on a schedule.

Design 101
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Open letter to Realtors: Let your freak flag fly and quit judging each other

The American Genius for Real Estate

(OP/ED) Tattoos are becoming more acceptable in many fields and industries, but there still seems to be a gap in careers like law and real estate. The post Open letter to Realtors: Let your freak flag fly and quit judging each other appeared first on The American Genius Real Estate.

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27th Season of the West Palm Beach GreenMarket

Waterfront Properties

The West Palm Beach GreenMarket, 101 South Flagler Drive, West Palm Beach, is celebrating its 27th season. This season the farmers market begins with national recognition. The GreenMarket was named the 1 farmers market in the United States by USA TODAY. It is the only Florida market included in the Top 20 The 2021-2022 season is the largest GreenMarket in history.

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Mortgage and refinance rates today, Nov. 29, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates fell moderately last Friday. Other markets plunged further, suggesting lenders may play catch up with lower rates this morning. However, that depends […].

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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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A shortage of windows is causing yet more headaches for home builders

Realty Biz

Home builders who have been struggling to obtain key building materials such as lumber and cement now face an even more urgent priority – an acute shortage of glass for windows and doors. An October survey by John Burns Real Estate Consulting found that windows are now the major supply challenge for 63% of home builders. Shortages of lumber, engineered wood products and concrete are still problematic, but affect less than 20% of builders, the report found.

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House hacking: Live for free in a house you own (Podcast)

The Mortgage Report

House hacking means buying a home, renting all or part of it, and using that income to cover your mortgage payment. Learn how house hacking works.

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How to Prepare for Online Real Estate Classes to Maximize Your Learning

McKissock

If you’ve been out of school for a while, or if you’re new to online learning, you might not know what to expect in your online real estate classes or how to get the most out of them. There are some tips and tricks that can help you stay organized and focused while taking your online real estate classes. We’ve put together a list of some of our favorites.

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How a Home Equity Loan Helps You Achieve Your Financial Dreams

Realty Biz

Financial Dreams. A home equity loan is a loan that is secured by using your home as collateral. The amount that you can borrow is determined by how much your property is worth and your home equity. The money that you obtain can be used for virtually anything, including consolidating your debts or renovating your home. How does a home equity line of credit (HELOC) work?

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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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What Buyers Need to Know About Contingency Periods (And How Contingency Periods Benefit Them)

HomeLight

You’ve found the house of your dreams, your offer has been accepted, and you’re ready and eager to reach the closing table. But first, you have to sell your old home, potentially secure financing, and secure a home appraisal (and likely an inspection) on your new house. Your to-do list is growing by the second, and you’re not sure how to keep track of everything that needs to be accomplished.

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Deco-Era Bensonhurst House With Vintage Details, Rumpus Room Bar, Garage Asks $1.65 Million

Brownstoner

This semi-detached house in Bensonhurst has some nice details for lovers of early 20th century design, including vintage kitchen and bathroom features, parquet floors and a basement rumpus room complete with built-in bar. The two-family house at 1543 West 6th Street also has the bonus of a driveway and a… Read More > The post Deco-Era Bensonhurst House With Vintage Details, Rumpus Room Bar, Garage Asks $1.65 Million appeared first on Brownstoner.

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9 Hacks to Help Keep Your Home Warm This Winter

American Lifestyle

The post 9 Hacks to Help Keep Your Home Warm This Winter appeared first on American Lifestyle Magazine.

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Daily Links: Greenpoint Activists Urge State to Reject Energy Center Expansion

Brownstoner

In the News Governors Urge Caution in the U.S. on the Omicron Variant [NYT] Can New York Really Get to 100 Percent Clean Energy by 2040? [NYT] Activists Say Analysis of Greenpoint Energy Center Expansion Is Flawed [BP] Man Needs Help to Bring Composting to Bushwick Sidewalks [Bushwick Daily] Melting Pot of NYC on… Read More > The post Daily Links: Greenpoint Activists Urge State to Reject Energy Center Expansion appeared first on Brownstoner.

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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.