Wed.Nov 17, 2021

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Refi applications down 31% from last year

Housing Wire

Refinance mortgage loan applications dipped 31% year-to-year on the week ending Nov. 12, according to a survey published by the Mortgage Bankers Association (MBA) on Wednesday. The refi volume decreased 5% compared to the previous week. Meanwhile, applications to purchase a new home declined 6% in one year. However, they were up 2% in comparison to the previous week.

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Retirement May Be Changing What You Need in a Home

Keeping Current Matters

The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis , 2021 saw a retirement boom : “At least 1.7 million more older workers than expected retired due to the pandemic recession.”.

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Why lenders should implement automation sooner than later

Housing Wire

HousingWire recently sat down with Eric Lee , the Senior Vice President of Product Development at DataVerify , to talk about what he sees as the challenges facing lenders today when it comes to figuring out the best way to implement automation solutions and get the best ROI possible. HousingWire: What do you see as the biggest challenges facing lenders right now—especially with the high volumes that we are seeing?

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The Most Common Misconceptions Around Building Credit Potential Homebuyers Need to Know

Lighter Side of Real Estate

Building good credit is a key element in preparing to buy a home. But there are a lot of misconceptions out there around credit scores, how they work, and how to build and maintain a good one—misconceptions that could actually hurt your credit and make it harder to buy a home. So what, exactly, are those misconceptions? A recent article from realtor.com outlined some of the most common myths around building credit, including: Myth #1: You should close your credit cards once you pay them off.

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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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@properties looks beyond Chicago with Christie’s deal

Housing Wire

For years, @properties has sat atop Chicago residential real estate, fueling speculation about if and when they might aggressively expand outside Chicagoland. On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have acquired Christie’s International Real Estate , a New York City-based brokerage.

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Real estate teams beat brokerage firms in profitability

Housing Wire

Broker Studies. 2021 RealTrends Team Profitability Study. Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. Over the past 15 to 20 years, the emergence of the mega-team has garnered the headlines. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit.

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Video of the Week: Take a Virtual Tour of a Caribbean Escape in Curacao

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??. Curacao | Ray Seijs, Curacao Sotheby’s International Realty. Located on the tip of the Bottelier, offering scenic views over the Jan Thiel salt pans, suburb and hills, is this modern villa. The 275-square-meter, three-story property of four bedrooms, three-and-one-half bathrooms is built on a 970-square-meter inclined lot.

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FHFA tells GSEs to prioritize affordability in 2022

Housing Wire

Federal Housing Finance Agency (FHFA) Acting Director Sandra Thompson has put affordability at the top of the annual to-do list for the government-sponsored enterprises. In its 2022 Scorecard , the conservator also tasked the GSEs with updating their pricing framework to “increase support for core mission borrowers.” Affordable housing advocates have said loan-level price adjustments — risk-based fees for borrowers — increase the cost of homeownership for those who need it the most.

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NSDCC Frenzy History

BubbleInfo

Can we learn from the past frenzy periods? We didn’t have the huge price increases in 2001-2002 mostly because there was plenty of inventory to go around. It was more of a sales frenzy, which finally started to slow in 2004 as prices exploded. I left out the 2007-2011 era: The inventory dipped to an […].

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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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Lottery Opens for Affordable Housing Above Sunset Park Library, Starting at $524 a Month

Brownstoner

A lottery has opened for 40 genuinely affordable apartments at 372 51st Street in Sunset Park, where the local branch of the Brooklyn Public Library is undergoing redevelopment. The one-story structure is being replaced with a new eight-story building containing 50 apartments and a library condo at its base with… Read More > The post Lottery Opens for Affordable Housing Above Sunset Park Library, Starting at $524 a Month appeared first on Brownstoner.

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7 More Things to Look Out for When Screening Tenants

Point2Homes

Image: fizkes / Shutterstock.com. Renting your property out is a great way to earn a little extra income and, to find the ideal tenant, it’s well worth screening your applicants. While the typical things to look out for will generally cover you (check out our previous article to find them out), sometimes it’s worth digging a little deeper. With that in mind, here are seven more things to look out for when screening tenants.

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How to Decorate Your Home for Xmas Like a German

Realty Biz

Christmas in Germany (Photo Jonathan Borba ). Christmas is the most beautiful and popular festival of the year – also in Germany. In the pre-Christmas season, the entire house gets decorated: Santa Clause is climbing up the facades, reindeer are standing on rooftops with the sleighs, and snowmen light up front gardens. Some homes are true Christmas wonderlands – and fans of the season pilgrimage to them every year to admire the colorful decorations.

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Ontario Real Estate Is The Most Overvalued In Canada, Slow Growth Expected: Moody’s

Better Dwelling

Exuberant Canadian real estate buyers sent home prices soaring during the pandemic. Now some provinces have severely overvalued housing markets, according to Moody’s. The credit rating giant’s provincial models show severe overvaluations in provinces like Ontario. Analysts from the firm forecast this will result in slow price growth over the next few years.

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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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5 Benefits of Outsourcing Help Desk Services for Your Real Estate Business

Realty Biz

Listing and selling property is the only sure way to earn income and profit in the real estate business world. However, day-to-day activities rob your agents of the time to pursue leads successfully. Why not let outsourcing real estate companies handle these daily tasks for you? Read on for the benefits of outsourcing help desk services for your business. .

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‘Call the Closer’ Reveals One Thing That Owners Must Change After Buying a House

Realtor.com

The post ‘Call the Closer’ Reveals One Thing That Owners Must Change After Buying a House appeared first on Real Estate News & Insights | realtor.com®.

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Mortgage and refinance rates today, Nov. 17, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose modestly yesterday. And that took them up to a level that’s as high as any over the last month. In other […].

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What Sellers Should Look For in an Offer: 4 Factors Other Than Money To Consider

Realtor.com

The post What Sellers Should Look For in an Offer: 4 Factors Other Than Money To Consider appeared first on Real Estate News & Insights | realtor.com®.

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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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Canadian Inflation Hit An 18-Year High At 4.7% But It’s Much Higher In Some Provinces

Better Dwelling

Canada’s inflation problem is getting worse, as the latest reading jumped to a multi-year high. The Consumer Price Index (CPI) ripped higher in October, according to Statistics Canada (Stat Can). Annual growth reached an 18-year high in the latest data, though you’d be lucky if your expenses increased by only that much. The majority of […]. The post Canadian Inflation Hit An 18-Year High At 4.7% But It’s Much Higher In Some Provinces appeared first on Better Dwelling.

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Wedding or Homeownership? Unmarried Americans Would Prefer to Invest in a Home, According to Coldwell Banker Survey

Coldwell Banker

Latest Coldwell Banker survey gauges homebuyer and seller sentiments heading into 2022. The post Wedding or Homeownership? Unmarried Americans Would Prefer to Invest in a Home, According to Coldwell Banker Survey appeared first on Coldwell Banker Blue Matter.

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Fort Greene Italianate Brownstone With Marble Mantels, Pier Mirrors Asks $3.25 Million

Brownstoner

Just around the corner from Fort Greene Park, this Italianate brownstone has an appealing location and an interior that has some original details remaining after its conversion to a three-family dwelling in the 1990s. The brownstone at 19 South Elliott Place dates to circa 1870, according to the Fort Greene… Read More > The post Fort Greene Italianate Brownstone With Marble Mantels, Pier Mirrors Asks $3.25 Million appeared first on Brownstoner.

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Do you need a down payment to refinance a mortgage?

The Mortgage Report

There's no down payment to refinance. However, you do need to have home equity. And there are closing costs to pay. Here's what you should know.

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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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1-Bedroom Condo Floor Plans: Pass Or Fail?

Toronto Realty Blog

TorontoRealtyBlog. Sometimes, it’s hard to find a topic to write about. And then other times, the topics come to you ! I was literally writing Monday’s blog about 3-bedroom condo floor plans when a TRB reader sent me this: Hi David! . Love your video blog. I remember you calling a living room/kitchen space a “litchen” this past week.

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4 Ways to Keep Your Home’s Air Quality at Its Best

RISMedia

By Kara Masterson Your home’s air quality can have a big impact on your family’s respiratory health. This is just one of the many reasons why you should ensure that your house isn’t filled with airborne contaminants. Luckily, with a little bit of preventative maintenance and a few upgrades, such as the ones listed below, […]. The post 4 Ways to Keep Your Home’s Air Quality at Its Best appeared first on RISMedia's Housecall.

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Daily Links: Brooklyn Regains Residents After Pandemic Drop

Brownstoner

In the News Fancy (But Not Fussy) Dining, at Williamsburg's Francie [NYT] Buff Brooklynites Take Aim at Brooklyn Folk Festival's Annual Banjo Toss [BP]. Bay Ridge Prep Expands Footprint With Purchase of Third Building [BP] Permits Filed for Building at Crown Heights Supermarket Site [BK Reader] G and F Trains to Skip Brooklyn Stops… Read More > The post Daily Links: Brooklyn Regains Residents After Pandemic Drop appeared first on Brownstoner.

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Dallas renters are the happiest in the nation

App Folio

New survey reveals 85% of renters in the DFW metro are happy with their property manager or landlord. If you.

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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.