Thu.Aug 19, 2021

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Mortgage rates dip slightly to 2.86%

Housing Wire

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines. This week’s slight decline tracks closely with downward-trending U.S. Treasury yields.

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More Young People Are Buying Homes

Keeping Current Matters

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American , explains why millennials have put off certain milestones linked to homeownership. Those delays led to their homeownership rates trailing slightly behind older generations: “ Historically, millennials have delayed the critical lifestyle cho

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Mortgage delinquencies shrink in Q2

Housing Wire

Delinquency rates for mortgage loans on one-to-four-unit residential properties shrank across the board to 5.47% in the second quarter, according to a Mortgage Bankers Association survey published this week. Compared to the previous quarter , the delinquency rate dropped 91 basis points and was down a whopping 275 bps from a year ago. The results are welcome news and run counter to worries that gained traction last year that elevated levels of delinquencies would result in a slew of foreclosures

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Open House | Inside a Victorian Gem in New Jersey

Sotheby's International Real Estate

Traditional Victorian homes tend to be steeped in history, and this immaculate Madison, New Jersey property quite literally has a storied past. Commissioned by J.H. McGraw of McGraw Hill Publishing as a summer retreat for the family, the home was completed in 1890 and dubbed “Edgewood.”. While Victorian architecture refers to the era of Queen Victoria’s reign from 1837 through 1901, this home’s design in particular is classically Queen Anne, distinguished by its gabled roofs, rounded towers, asy

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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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Affordability goals show FHFA is “new sheriff in town”

Housing Wire

New affordable housing benchmarks proposed by the Federal Housing Finance Agency (FHFA) are the latest policy change to try and boost the share of minority homeowners. The proposed rule would set higher requirements for Fannie Mae and Freddie Mac loan purchases in minority and low-income Census tracts. If Fannie Mae and Freddie Mac do not make the proposed goals , which would take effect starting in 2022, they could be subject to enforcement action or penalties from their regulator, the FHFA.

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Is HUD and FHFA’s new agreement a game changer?

Housing Wire

A new agreement between the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) could heighten scrutiny of whether the government sponsored entities’ underwriting engines do enough to further fair housing. The memo of understanding formalizes the sharing of information, resources, and coordination of existing and potential investigations of entities.

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Fight Fraud, Don’t Fear it

GeekEstate

Real estate fraud is terrifying. Even some of the best in the business get duped, like Barbara Corcoran and her staff. Consumers are trusting professionals in the industry to take care of them and the buying and selling of their largest assets, so we have to be prepared for deceit. We receive phishing emails all of the time and alert our staff to not respond as soon as we can.

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Better expands real estate, explores iBuying

Housing Wire

Christian Wallace, Head of Real Estate Services at Better.com. Better.com , a digital mortgage lender that is set to go public later this year, unveiled Thursday another expansion of its in-house real estate group , one that has a unique business model in the world of brokerage. The seven-year-old, New York City-based company will also soon provide an instant cash offer program to homesellers, said Christian Wallace, Head of Real Estate Services at Better.

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Thinking About Updating Your Home? Here Are Some 2021 Design Trends to Consider

Lighter Side of Real Estate

When you redesign your home, you want to design it in a way that feels timely and on-trend. But what does “timely” and “on-trend” look like in 2021? The 2021 Houzz Emerging Home Design Trends Report outlined some of the year’s most popular home design trends, including: Dedicated activity spaces. Forget craft closets. One of 2021’s biggest trends is creating an entirely dedicated room or space in the home to house the family’s favorite activity—whether that’s an art studio, a home theater, or 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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Blend loses $40M in Q2, but grows customer base

Housing Wire

Cloud-banking software company Blend Labs posted a $39.6 million operational loss for the second quarter of 2021, its first as a publicly traded company. The firm, led by Nima Ghamsari, saw both a rise in revenue and a widening of operational losses in the quarter. Revenue ticked up to $32.1 million, up 46% over the $22 million the company posted in the prior year.

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4 Tips For An Easy And Smooth Real Estate Transaction

Realty Biz

Are you planning on buying a new home or property? Whether it’s a residential or commercial real estate investment, completing a transaction could prove to be daunting. A purchase this major could affect not just your finances but even your emotional and psychological states. While you’d be optimistic to think this move would go with few issues or troubles, the best you can do is to hope it’d be as easy and as smooth as possible. .

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Utah Professional Women in Building group leaves a mark

Housing Wire

Utah Professional Women in Building group. In 2018, Kristin Smith was tasked with starting the first-ever Utah Professional Women in Building group. Now, in 2021, the large, female-only company designed and constructed a home that was showcased in the 2021 Utah Valley Parade of Homes — and sold to benefit several good causes. The proceeds from the sale of the home will be divided between scholarships, women-run charities and future home projects.

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Zillow’s new patent: Determining regional rate of return on home improvements

The American Genius for Real Estate

(CORPORATE NEWS) Zillow has been granted dozens of patents of late, threatening any tech or real estate brand using the broad ideas they've laid claim to. The post Zillow’s new patent: Determining regional rate of return on home improvements appeared first on The American Genius Real Estate.

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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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Way Over List

BubbleInfo

San Francisco leads the 50 largest U.S. metros in the share of homes sold for 30% over their list price or higher at 7.4%. It’s followed by the hot market of Buffalo, NY, where 6.2% of homes sold for more than 30% over list, and Austin (5.3%). All shares in these markets are up substantially […].

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What the real estate industry must do now to drive equity in housing

The American Genius for Real Estate

(REAL ESTATE) While some folks remain complacent, and others digest the causes, these industry experts are focused on what actions will improve equity in housing. The post What the real estate industry must do now to drive equity in housing appeared first on The American Genius Real Estate.

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Mortgage and refinance rates today, August 19, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. Since the start of August, on business days, we’ve had six falls and six rises, plus one no-movement day, […].

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Three Months of D Train Service Cuts Are Coming to Brooklyn

Brownstoner

The MTA will slash D train service in southern Brooklyn for more than three months this fall so transit officials can flood-proof the Coney Island Yard, officials announced Tuesday, August 17. D trains won’t operate between Bay 50th Street Coney Island-Stillwell Avenue for 15 weeks from September 18 to January 3,… Read More > The post Three Months of D Train Service Cuts Are Coming to Brooklyn appeared first on Brownstoner.

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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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The Deep Dish on Chicago Real Estate Investments

Bigger Pockets

Investing in Chicago can be quite profitable, but it can also be complicated. The nuance of different neighborhoods requires a knowledgeable local agent to maximize investment potential. Scanlon shares his thoughts on Windy City real estate in his own words.

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How has remote working affected those employed in the real estate industry?

Realty Biz

People across almost every industry have had to get used to working remotely in the recent past, and this is certainly true of those who make a living via real estate. From agents and brokers to marketers and investors, the era of visiting the office and having face-to-face meetings with customers and clients is over, and a brave new world awaits. So how has remote working culture and tech had an impact on the real estate industry, and what lasting changes have been brought about as a result?

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4 Things People Say About Selling a Home Today That Just Aren’t True

Realtor.com

Today's seller's market is wilder than it's been in years, but not everything you hear is true. Here are some home-selling myths to beware. The post 4 Things People Say About Selling a Home Today That Just Aren’t True appeared first on Real Estate News & Insights | realtor.com®.

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10 Tips for Homeowners Planning Your Current Retirement

First Team Real Estate

Current retirement planning is the most important and presents the greatest opportunity for you to secure the financial future that you desire. We’ve taken a look at the top ten points that should be on your current retirement plan today. A successful retirement starts with your biggest financial asset, your home. There are several ways to leverage your home in order to plan a successful retirement.

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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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Close the Year Strong: 5 Ways to Regroup, Recharge, and Reach Goals

Boom Town

Summer is sailing by and Q4 is looming. Are you on track to hit your 2021 goals, or is time to reevaluate your actions and priorities to catch up? Here are 5 ways to make sure you’re doing everything, and have everything you need to achieve in 2021. Double Down on Lead Generation. Many are scaling back on their ad spend, but this is prime time to build that database, and prepare for the market to shift.

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Mediterranean Diet Tips to Try Today

RIS Media

?. If you’re hoping to adhere to a more heart-healthy diet, here are some tips for starting the Mediterranean Diet. Start With Plants. Consuming a plant-based diet will guarantee a limited intake of unhealthy fats, and increase your overall nutrition. Your plate should be piled high with a variety of veggies, fruits, seeds, nuts and legumes. .

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Brooklyn Music School, Local Stakeholders Support Fort Greene Tower Expansion

Brownstoner

Controversial plans for a 23-story tower to rise next to the Brooklyn Music School in Fort Greene were met with little resistance at a public hearing hosted by the Department of City Planning yesterday afternoon. The hearing is part of the city’s public review process, otherwise known as ULURP. The music school,… Read More > The post Brooklyn Music School, Local Stakeholders Support Fort Greene Tower Expansion appeared first on Brownstoner.

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4 Must-Have Affordable Home Items

RIS Media

These four affordable items may just be the perfect additions to your home. Surge Protector. For the electronics you use every day, a basic and inexpensive surge protector will help you get the most out of your outlet and protect your devices. Rapid Egg Cooker. No more waiting for boiling water or salvaging cracked or bursting eggs. If you love hard- or soft-boiled eggs, you’ll definitely love this simple-to-use gadget.

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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.