Wed.Oct 21, 2020

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As mortgage rates climb, applications fall six basis points

Housing Wire

For the second week in a row, mortgage applications faltered slightly, falling 0.6% from the week prior, according to a report from the Mortgage Bankers Association. Purchase applications also took a hit last week, falling 2% from the week prior, however, remained 26% higher than this same time last year. Joel Kan, MBA’s vice president of economic and industry forecasting, pointed to a rise in mortgage rates last week for why conventional and government purchase activity took a step back.

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Why Today’s Options Will Save Homeowners from Foreclosure

Keeping Current Matters

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Less than 10% actually did, and that percentage has been dropping steadily.

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MBA forecast for 2021: Prepare for rising mortgage interest rates

Housing Wire

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. Fratantoni pointed out that the job losses seen in 2020 have been unprecedented, even when compared to the Great Recession. “Yes, it’s come down to 10 million, but look at how that compares again to the peak in 2009 of 6.6 million,” he said.

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RE/MAX Turns Bearish On Toronto Condo Prices, Expects Declines Soon

Better Dwelling

One of the world’s largest real estate brokerages sees near-term risk for Toronto condos. RE/MAX weighed in on the recent market, and observed what a lot of people are seeing – a booming detached market, and a lot of condo apartment supply. The brokerage cites 3 drivers for this trend – urban flight, lower interest […]. The post RE/MAX Turns Bearish On Toronto Condo Prices, Expects Declines Soon appeared first on Better Dwelling.

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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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AmeriHome could be valued at $1.3B following IPO

Housing Wire

Lender and servicer AmeriHome on Wednesday laid out the terms of its upcoming initial public offering. The company plans to raise roughly $250 million by offering over 14.7 million Class A shares priced between $16 and $18, according to the amended S-1. AmeriHome on Wednesday also revealed that mortgage investor Bayview Asset Management is prepared to purchase $50 million worth of shares in the offering, expected to price next week.

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Uniformity will be critical to RON adoption

Housing Wire

As the mortgage industry moves toward increasing adoption of remote online notarization, a panel of experts at the Mortgage Bankers Association Annual conference said uniformity will be key. Speaking at the session titled “Strategy & Technology Track: COVID Hit. Social Distancing Followed. Is RON the Solution?,” panelists discussed the future of RON, and what must happen to see further adoption.

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First-Time Home Buyer Confessions: ‘How We Beat 32 Offers and Got the House’

Realtor.com

Julie Migliacci First-time home buyers have it harder today than ever. Caught between high real estate prices, low housing inventory, and a pandemic that has many of us nervous about leaving our house, home shoppers might be wondering: Is it even possible to buy right now—and how? If you’re curious about what it takes to purchase property in today’s marketplace, look no further than this new series, “ First-Time Home Buyer Confessions.” We’ll profile home buyers who

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Ahead of its IPO, Caliber gives its private equity owner $300M in cash

Housing Wire

Lone Star Funds ‘ residential mortgage lender Caliber Home Loans hopes to raise up to $538 million at its highly anticipated public debut next week, according to documents filed with the Securities and Exchanges Commission on Wednesday. Caliber , based in Coppell, Texas, plans to raise upwards of $423 million by selling over 26.4 million Class A sales, plus $115 million in preferred stock, according to the amended S-1.

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1 Page Real Estate Content Marketing Plan to Boost your Digital Presence

Agent Drive

In 2020, content marketing will dominate the real estate marketing landscape. High-quality, informative and interesting content will remain the best way to generate and nurture online leads and establish a strong digital presence. If you’re looking to take your real estate content marketing efforts up a notch, your journey starts here. This is why a […].

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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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Gathering around the table: How one title company pledges to support local community

Housing Wire

Tucked right into the end of the home-buying process is the unique opportunity for title companies to connect with borrowers on how they can give back to the community together. Title companies and agents are often the last people to see borrowers before their highly-anticipated move into their new home, and they’re also invested in the well-being of the community.

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Top 3 Changes in SEO that Real Estate Agents Need to Look Out for in 2021

Jason Fox

Top 3 Changes in SEO that Real Estate Agents Need to Look Out for in 2021. Search engine optimization (SEO) has gone through a lot of changes over the years, and we're only going to see more throughout the new year. From creating content for the user to bracing for Google's big algorithm updates, Real Estate Agents and Brokers have had to adapt in many ways to account for the evolution.

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How to make lenders compete for your mortgage and get a lower rate

The Mortgage Report

If you can make lenders compete for your mortgage, you can lower your interest rate and get the best deal on your home loan and closing costs. Here's how.

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From Hot Mess to No Stress: Before and After Photos of 10 Inspiring Organizing Projects

Realtor.com

2K Studio/Getty Images You’re not the only one who feels like 2020 has been the year everyone became obsessed with home organization. We certainly started noticing when the coronavirus lockdown first started in the spring. Many homeowners got busy clearing out years of junk and tidying up the spaces where they would be spending all their time.

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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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Mortgage and refinance rates today, October 21, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But only by the smallest measurable amount. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, […].

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Refinancing Remains Robust

Eye on Housing

The Mortgage Bankers Association’s latest Weekly Application Survey shows that, for the week ending October 16, 2020, mortgage application activity decreased by 0.6% from the prior week on a seasonally adjusted basis, as indicated by its Market Composite Index. One of its two constituent indexes, the Purchasing Index, decreased by 2.1% from one week earlier, while the other, the Refinance.

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Renovation of Red Hook Library Postponed Amid Pandemic

Brownstoner

Brooklyn Public Library has postponed the overhaul of its Red Hook branch until the next city fiscal year, according to a spokesperson for the borough’s book lender. “During the pandemic, like many other projects across the city, all work was halted,” said Fritzi Bodenheimer. “At this point we are planning for… Read More > The post Renovation of Red Hook Library Postponed Amid Pandemic appeared first on Brownstoner.

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Slower Jobs Gains in September: State-Level Analysis

Eye on Housing

Nonfarm payroll employment increased in 41 states in September compared to the previous month. The largest increase came from New York, which added 109,300 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 661,000 over the month of September, following an increase of 1.5 million jobs in August.

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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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Mortgage rates fall again but credit availability gets tighter

Realty Biz

Mortgage rates are at an all-time low, but that’s just too bad for the thousands of potential home buyers who’re missing out on the action due to tighter lending standards. A female hand operating a calculator in front of a Villa house model. According to Bloomberg News , housing credit availability has reached its lowest level since February 2014. Back in January of 2019, Ginnie Mae, which is a government sponsored entity that guarantees loans popular with first-time buyers and lower-income bor

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6 ways tech lovers can spruce up their backyard

Zolo

From water features to fun lighting – there are plenty of ways to make your backyard tech-friendly. The post 6 ways tech lovers can spruce up their backyard appeared first on Zolo.

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Notable Heights Mid-Century Modern Townhouse With Carport, Garden Asks $6.95 Million

Brownstoner

A rare bit of mid-century modern amidst the 19th century rows of Brooklyn Heights, this 1960s Willow Place abode was home to the architects behind its design, Joseph and Mary Merz. The house, 48 Willow Place, is one of three the couple designed on the block to sympathetically fill the long-vacant… Read More > The post Notable Heights Mid-Century Modern Townhouse With Carport, Garden Asks $6.95 Million appeared first on Brownstoner.

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5 best social media sites for real estate agents

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: 5 best social media sites for real estate agents. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Real estate agents who are serious about keeping up with effective marketing techniques in the industry should be active on these sites.

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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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Gnarly! Inside the ‘Fast Times at Ridgemont High’ House, Now for Sale

Realtor.com

realtor.com Hold onto your doobie, and those Blue Öyster Cult ticket stubs! The house from the classic 1982 teen flick “ Fast Times at Ridgemont High ” is now for sale for the first time in 20 years, for $739,999. As the listing puts it, “How often do you have a truly rare opportunity to live in a home where a famous movie was filmed? Your opportunity is now!”.

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Get Your Tickets For Christmas At Gaylord Palms This Holiday Season

Waterfront Properties

The holidays are fast approaching, and the incredible Gaylord Palms Hotel in Kissimmee is hosting their annual Christmas at Gaylord Palms and tickets are on sale now. Gaylord Palms is just a short two-and-a-half-hour drive from Palm Beach County and a perfect way to ring in the holidays. Guests and locals can now purchase individual tickets for the holiday fun.

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How to Navigate This Political Season as a Real Estate Professional

RIS Media

Political season is here, as evidenced by the barrage of news commentary and political ads. Unfortunately, it has arrived in the midst of a global pandemic and some serious civil unrest. This is a true convergence of storms. Political season on its own can pose challenges when you’re in a service industry, especially real estate because you meet and work with a wide range of people.

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Jupiter Locals Private Facebook Group and Two Local Jupiter Men Help Woman Find Sentimental Ring at Bottom of Intracoastal

Waterfront Properties

On October 19th, a friend of Kristin Deaton of Jupiter, Florida was in town visiting after the unexpected passing of her mother, and accidentally dropped a very sentimental ring into the intracoastal at the marina behind U-Tiki Beach. “This is the longest of long shots, but I believe in the good in people, and I need people to please SHARE this.” Deaton wrote on Facebook, “If anyone in the Jupiter area finds this VERY sentimental ring, PLEASE contact me.

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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.