Mon.Aug 30, 2021

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Homebuyers flock to Florida real estate

Housing Wire

The Sunshine State seems to be getting a lot more foot traffic these days, with the number of homebuyers moving to Miami tripling year-over-year, a new analysis found. According to Redfin ’s monthly migration report, July saw the net inflow of Redfin users packing their bags and moving to Miami rise to 7,610, up from 2,216 last year. Milagros Alvarez, a Miami real estate agent at Redfin, said that the pandemic “has brought even more out-of-towners to the area” because so many people can no

Finance 545
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What to Know About a 203k Rehab Loan

Realty Biz

203k FHA Loans Explained. Are you considering buying a home that needs work? When buying a fixer-upper, one of your primary considerations should be how you will finance the project. One of the better options is what’s known as an FHA 203k loan. FHA 203K Mortgage is the term that designates funding dedicated to purchasing and refurbishing your primary residence home.

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Cadence Bank reaches settlement with DOJ over redlining

Housing Wire

Cadence Bancorporation , parent of Cadence Bank, reached separate settlements with the Department of Justice and the Treasury Department’s Office of the Comptroller of the Currency totaling over $8.5 million for redlining practices, according to the federal government. The DOJ alleged that between 2013 to 2017, the bank violated the Fair Housing Act and the Equal Credit Opportunity Act “by avoiding predominantly Black and Hispanic neighborhoods [in the Houston, metro area] because of the r

Banks 397
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Declines for the 3-Car Garage: 2020 Data

Eye on Housing

A majority of new homes that completed construction in 2020 included two-car garages (67%), according to NAHB analysis of 2020 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions: the 2-car garage was the most popular parking option for completed homes in all divisions.

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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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A financial planner on which clients benefit from reverse mortgages

Housing Wire

The financial planning community is often sought after by reverse mortgage professionals as a referral source, as planners can help provide necessary clarity to their clients who are seeking the preservation of financial assets and continuing stability. This is especially true for those who may be living on a fixed income, and is coupled with the general lack of awareness of — or even outright hostility towards — reverse mortgages that many people maintain.

Mortgages 397
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Paying Capital Gains Taxes on a 2nd Home or Investment Property

Maximum Exposure Real Estate

Everything to Know About Paying Capital Gains Tax on a Second Home Sale Are you wondering how paying capital gains on a second home sale works? If you have a second home and you’ve decided it’s time to sell, you could have a tax bill waiting. While you may not have to pay real estate […]. The post Paying Capital Gains Taxes on a 2nd Home or Investment Property appeared first on Massachusetts Real Estate Exposure.

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It’s actually really great news that home sales just dipped slightly

The American Genius for Real Estate

(REAL ESTATE) Home sales took a small dip in July, according to the National Association of Realtors - why is this GOOD news? The post It’s actually really great news that home sales just dipped slightly appeared first on The American Genius Real Estate.

Sales 105
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Fueling the home-buying process with certainty

Housing Wire

Like every industry, the real estate profession grappled with doing business during the pandemic – not just for the sake of doing business, but for the unnerved consumers trying to navigate the home-buying process during an alarming present and an uncertain future. A late 2020 survey by the National Association of Realtors reports seller urgency during the pandemic, as well as the shift toward multigenerational homes to accommodate more family members.

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Inventory Watch

BubbleInfo

Of the NSDCC listings priced under $3,000,000, there are way more pendings than actives (230 vs. 146). The Over-$3,000,000 category below has the most pendings (80) of all five price categories. There are only 88 NSDCC houses for sale priced under $2,000,000. The active listings have been dropping off quickly. At this time last year, […].

Sales 105
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Marriott’s Millennial-Aimed Moxy Hotel Tops Out on Bedford Avenue in Williamsburg

Brownstoner

A new hotel is quickly rising alongside the Williamsburg Bridge. Reaching 12 stories and having recently topped out at 361 Bedford Avenue, construction crews were busy during a recent visit, mostly working on the ground floor. Building permits show the hotel will have 216 rooms, a gym in the cellar, off-street parking… Read More > The post Marriott’s Millennial-Aimed Moxy Hotel Tops Out on Bedford Avenue in Williamsburg appeared first on Brownstoner.

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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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Homeownership dreams suddenly abandoned by many millennials – why?

The American Genius for Real Estate

(REAL ESTATE) A perfect storm has arrived in the American housing market, and it's not just a global pandemic that has dramatically shifted plans. The post Homeownership dreams suddenly abandoned by many millennials – why? appeared first on The American Genius Real Estate.

Marketing 105
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How to Navigate the Emergency Rental Assistance Process

RIS Media

If you’re a renter or landlord trying to stay afloat amid the now-expired eviction moratorium as announced last week, there is still plenty of money left in the government’s Emergency Rental Assistance Program (ERAP). Roughly 90% of the ERAP funds are up for grabs to help housing providers and their tenants pay their overdue and future rent, utility bills and some additional fees depending on the state.

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Significant Sales: July 2021

Sotheby's International Real Estate

From the sale of a US$24.6M Aspen, Colorado home to a €3.5M EUR sale in Stuttgart, Germany, here are five Significant Sales represented by the Sotheby’s International Realty® global network. Aspen, Colorado. Sold for $24,600,000 | Represented by Craig Morris, Aspen Snowmass Sotheby’s International Realty . Southampton, New York. Sold for $16,750,000 | Represented by Patricia Petrillo, Sotheby’s International Realty – Southampton Brokerage.

Sales 101
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LGBTQ+ Real Estate Alliance Partners With Additional REALTOR® Associations

RIS Media

The LGBTQ+ Real Estate Alliance (The Alliance) has signed separate Memorandums of Understanding (MOUs) with the California Association of REALTORS® (C.A.R.), Indiana Association of REALTORS®, North Carolina Association of REALTORS®, Houston Association of REALTORS® and the D.C. Association of REALTORS®. The agreements will allow The Alliance, which launched in October 2020 and now has more than 1,500 members, and its local chapters to engage with association leadership and membership on Fair H

Equity 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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Top 11 Family-Friendly Suburbs Where Parents Will Actually Want To Live, 2021 Edition

Realtor.com

These family-friendly suburbs outside the nation’s biggest cities offer plenty of things parents will enjoy on their own. The post Top 11 Family-Friendly Suburbs Where Parents Will Actually Want To Live, 2021 Edition appeared first on Real Estate News & Insights | realtor.com®.

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How to Get Into Rent-to-Own: 12 Steps to Homeownership

HomeLight

For the right would-be buyer, a rent-to-own arrangement can be an ideal path to invest in a future home purchase — a time to save money and improve credit, or wait for an expected shift in circumstances, while living in a home that will one day be yours. “Rent to own could be an option for someone who just doesn’t have the ability to qualify to purchase right now,” says Ed Kaminsky , a top-selling Southern California-based agent with 34 years of experience.

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How to Generate Leads Via Online Platforms

RIS Media

Being able to generate leads online is arguably the most important part of being a successful real estate agent. Whether you’re just starting out as a new agent or have been in the business for years, dedicating time each and every day to prospecting and gaining new clients is a must. However, as real estate technology continues to evolve , there is more and more emphasis being placed on how to generate real estate leads online.

Agents 98
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Your Garage Remodel Playbook: Plan the Perfect Renovation in 9 Steps

HomeLight

A garage renovation is a daunting task that requires budgeting, thoughtful planning, and the help of skilled professionals. We’ll help you plan your garage remodel in 11 steps, including average cost data and material recommendations. 1. Budget your garage renovation. The first step of your garage renovation is to budget for the upgrades and services you’ll need.

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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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5 Kitchen Hacks You’ll Wish You Knew Sooner

RIS Media

Good cooking is an art and a pleasure for those who love it and a pain in the neck for those who don’t. But wherever you stand on the cooking spectrum, it’s often the smallest chores that are the most annoying. Try these tips to help make your kitchen duty easier and more productive. Yes, You can Make Guac in Advance – Just add water to keep it from going brown.

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Is It Real? Doctor Strange’s Magical Manhattan Townhouse, Sanctum Sanctorum

Fancy Pants Homes

Since the Marvel Cinematic Universe first graced our screens in 2008, fans have, well, marveled at some of the incredible structures our favorite heroes call home. And, though we would give our left vibranium arm for Tony Stark’s futuristic Malibu house , the ever-changing Vision residence , or even Clint Barton’s sprawling Missouri farmhouse, there’s one home we’ve been truly captivated by for years now.

Design 96
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Why Having a Relative or Friend Help With Home Improvements May Come Back to Haunt You

RIS Media

If you want to upgrade your property and you’re on a tight budget, having a family member or friend help out may seem like the ideal solution. That individual may charge you much less than a contractor would or may even agree to work for free. You may also think that fixing up your house together will be a positive bonding experience. There are also downsides to consider, however. .

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Daily Links: City’s Long-Awaited BQE Cantilever Work Begins Today With Lane Reduction

Brownstoner

In the News A Quarter-Century Ago, She Landed a Prospect Heights Unicorn [NYT] Brooklyn’s Chinatown Takes Traffic Protest to DOT Chief’s Home [BP] Latest Montague Restaurant Rumblings [BHB] City to Reduce Lanes at BQE on Brooklyn Waterfront Starting Today [amNY] Eight Subway Lines Shut Down Sunday Night After Con Ed Power Dip [amNY] Blood Donating ‘Emergency’… Read More > The post Daily Links: City’s Long-Awaited BQE Cantilever Work Begins Today With Lane Reduction appeared first on Br

Land 96
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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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Routine Inspections are Important, Even If Your Roof Is New

RIS Media

Roofing problems are sometimes obvious, but they often go unnoticed for years. Then, when a homeowner realizes there’s an issue, the situation is so serious that the roof requires significant repairs or replacement. Routine roof inspections can prevent this type of scenario. You should have your roof inspected once a year, plus after a major storm or any time you suspect there may be a problem.

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Selling a House With Aluminum Wiring: Partial Update, Full Rewire, or Sell ‘As Is’?

HomeLight

Wires carry electricity throughout our homes to power laptops, televisions, and stoves, while allowing us to illuminate rooms with the flip of a switch. The majority of today’s homes have copper wiring — considered the gold standard for modern electrical — to do this important job. But if your home is a little bit older, your wiring might be of the less-desirable aluminum variety.

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Real Estate Q&A: How Do We Correct the Size of Our Condo in Association’s Documents?

RIS Media

(TNS)— Q: In our condo, all the units have two bedrooms, but some are slightly larger and pay $40 more in monthly maintenance. Ours is one of the smaller units but is listed in the condo documents as a larger one. We have been paying the lesser amount, and the association has cashed the checks while telling us we need to pay the difference. Now they are threatening us with interest and late fees.

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Is Your Realtor Doing a Good Job? Answer These 6 Questions to Find Out

HomeLight

Maybe you listed your home a month ago and haven’t received as much buyer interest as you anticipated. Or maybe, you signed a purchase agreement with a real estate agent and have heard nothing but crickets since. Either way, you’re wondering, “Is my Realtor® doing a good job?”. Stop wondering if the grass is always greener and take action. Run through our list of checkpoint questions below to determine if your real estate agent is fulfilling their obligations.

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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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HUD Submits Letter Pleading Government Officials to Act on Eviction Concerns

RIS Media

The U.S. Secretary of the Department of Housing and Urban Development Marcia L. Fudge, U.S. Secretary of the Treasury Janet L. Yellen, and Attorney General of the U.S. Department of Justice Merrick B. Garland sent a letter last week to state and local government leaders addressing the eviction moratorium. The letter urged government leaders to: – Enact state and local eviction moratoriums during the remainder of the public health emergency. – Work with state and local courts to requi

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Mortgage and refinance rates today, August 30, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates nudged down last Friday. But, overall, there was no change over the week. And recent daily movements have generally canceled each other […].

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Canadian cities lead the world in COVID price gains

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Canadian cities lead the world in COVID price gains. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. I have some data in front of me that compares today’s home prices in 21 global cities to those same cities’ prices before the COVID-19 pandemic.

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Ways to Communicate Effectively With a Young Child

RIS Media

Your toddler or preschooler may still be learning how to express thoughts and feelings. The ways that you interact in the early years can influence your child’s self-concept, level of confidence and responses to challenges throughout life. Get on Your Child’s Level. For a young child, engaging in conversation with an adult who is towering overhead can be intimidating.

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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.