Wed.Dec 15, 2021

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What Everyone Wants To Know: Will Home Prices Decline in 2022?

Keeping Current Matters

If you’re thinking of buying a home in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to the experts, home prices are not projected to decline. Here’s why. With buyers still outweighing sellers, home prices are forecast to continue climbing in 2022, just at a slower or more moderate pace.

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Ledn raises $70M to grow Bitcoin-backed mortgage product

Housing Wire

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. The round valued the company at $540 million and was led by 10T Holdings, the company announced on Wednesday. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs.

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Nail Your Listing Presentations by Making Them More “Meme”orable

Lighter Side of Real Estate

Landing yourself a listing appointment is hard enough, but then you still have to nail your presentation in order to walk out of it with a signed listing agreement in hand. It’s not an opportunity you want to squander. Unless you’re a seasoned veteran or have a super polished presentation, it’s super common to worry about how it’ll go…. Will I forget to go over something important?

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Refi interest is down 41% from last year

Housing Wire

Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The decrease was mainly driven by the refi index falling 6.4% from the previous week on a seasonally adjusted basis. Concurrently, the purchase index increased 0.7% from the week prior.

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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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Nail Your Listing Presentations by Making Them More “Meme”orable

Lighter Side of Real Estate

Landing yourself a listing appointment is hard enough, but then you still have to nail your presentation in order to walk out of it with a signed listing agreement in hand. It’s not an opportunity you want to squander. Unless you’re a seasoned veteran or have a super polished presentation, it’s super common to worry about how it’ll go…. Will I forget to go over something important?

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Federal Reserve accelerates tapering program

Housing Wire

The Federal Reserve announced that it is accelerating its tapering of bond-purchases starting in January. The central bank’s Federal Open Markets Committee said that “in light of inflation developments and the further improvement in the labor market,” it will reduce the pace of its monthly purchases by $20 billion for Treasury securities and $10 billion for agency mortgage-backed securities.

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Cairn expands again with acquisition of Your Castle, Shorewood

Housing Wire

Utah-based Cairn Real Estate Holdings, LLC announced Tuesday that it had acquired Colorado-based Your Castle Real Estate and Shorewood Real Estate. According to its LinkedIn page , Your Castle Real Estate is the largest independent real estate brokerage in the Front Range of Colorado. This latest acquisition adds over 750 real estate agents to Cairn’s team, bringing its total agent count to over 4,300.

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Paint, Steel, and Services Prices Set Records, Drive PPI for Residential Construction Inputs Higher

Eye on Housing

The prices of goods used in residential construction ex-energy climbed 1.8% in November (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The monthly increase was driven by price increases in nearly every product category. Building materials prices have increased 14.1% year-to-date, more than tripling the November YTD increase of.

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Benefits Of A Keyless Entry System For Your Commercial and Apartment Building Properties

Realty Biz

The traditional lock and key method for controlling access to a building has been around for centuries, yet we are finally in the throes of a new era when it comes to security. Technological advancements have come on leaps and bounds in recent years, and in these modern times, our smartphones can operate just about anything. As a result, the act of carrying physical keys around in order to access our homes or cars is slowly becoming all but old-fashioned, and the world of security is now followi

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What Is an Assumable Mortgage and How Does It Work?

Point2Homes

Image: CrizzyStudio / Shutterstock.com. There are many types of mortgages for homebuyers to consider in the U.S. Assumable mortgages aren’t as common as others, but they can offer a wealth of benefits in the right circumstances. Let’s find out more. What Is an Assumable Mortgage? An assumable mortgage is a financial agreement in which a homebuyer takes over, or assumes, the seller’s outstanding mortgage balance and its terms when buying a home , rather than taking out their own loan.

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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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Streamline Moderne Firestone Building May Be Razed for Housing in Crown Heights

Brownstoner

It once sat in the shadow of Ebbets Field, its streamlined curves and prominent signage drawing in drivers in need of a vehicular tune-up. While similar buildings in Miami Beach and Los Angeles have recently been turned into eateries, the former Firestone Auto Supply and Service Store in Crown Heights… Read More > The post Streamline Moderne Firestone Building May Be Razed for Housing in Crown Heights appeared first on Brownstoner.

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The Inside Scoop on 8 Cozy Homes From Your Favorite Holiday Movies: Which One Is On Your Wish List?

Realtor.com

Photo courtesy of Knight Frank / [link] / It's A Wonderful Life (1946) Ah, Christmas, that magical time of the year when we gather with family, reflect on the year’s blessings, and binge on holiday movies. Yuletide flicks can be sentimental, hilarious, outrageous, or even disturbing (we’re looking at you, “Silent Night, Deadly Night”), but they almost all have one crucial thing in common besides the holiday itself: fabulous real estate. “When we think of movies, we

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Mortgage and refinance rates today, Dec. 15, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates just inched lower yesterday. It was such a small drop that some lenders won’t have changed their note rates and instead will […].

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The Frenzy and Rising Rates

BubbleInfo

A reader on Twitter wondered how rising rates will affect the 2022 frenzy. Here’s what is expected today: Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest-rate policies with inflation accelerating and unemployment falling faster than expected. The Fed today will likely announce that it […].

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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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Rising inflation adds to housing costs

Realty Biz

Growing inflation is negatively impacting consumers, leading to higher gasoline prices and grocery costs. In November, consumer prices were up 6.8% from a year ago, representing the largest annual gain in 40 years. Some of the biggest price increases were seen for energy, food, cars and shelter, which together comprise around 61% of all consumer spending.

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Video of the Week: Take a Virtual Tour of a Modern Condo in Fremont, California

Sotheby's International Real Estate

This exquisite townhouse-style corner condo features premium upgrades throughout. A three-bedroom three-and-one-half-bathroom home offering 3,027 square-feet of maintenance free-living with the finest amenities available, it features a bonus media room/office for uninterrupted work or play. ??. Fremont, California | Joseph Sabeh, Venture Sotheby’s International Realty .

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Canadian Real Estate Sales Elevated By Mortgage Rates Expiring: National Bank

Better Dwelling

Canadian real estate buyers are rushing to buy anything they can, from Victoria to St. John’s. National Bank of Canada (National Bank) attributes this to FOMO on low interest rates. The Big Six bank said home buyers are trying to purchase before the Bank of Canada (BoC) raises rates. Especially buyers that have mortgage pre-approvals […].

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These 10 Under-the-Radar Housing Markets Are Still Affordable—for Now

Realtor.com

Getty Images The South appears poised to rise again. The top 10 under-the-radar, more affordable real estate markets that are expected to see some strong home price appreciation are all below the Mason-Dixon Line, according to a recent report from the National Association of Realtors®. These are all places experiencing strong job, wage, and population growth and where homes are still affordable compared with local incomes and the rest of the country. “They’re hidden gems because they

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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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Alaina’s Café Bake Shoppe – Palm Beach Gardens

Waterfront Properties

Alaina’s Café and Bake Shoppe was established in 2012 in Palm Beach Gardens. Luckily, today is National Cupcake Day, recognized annually on December 15 to commemorate these compact yet delectable sweets. Alaina’s Café is a friendly and relaxing neighborhood bistro highlighting the proprietors creative obsession for crafting recipes that please the eyes and tantalize the taste buds.

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Adam Levine Flips a Montecito Mansion for $28.5M, Makes Nice Profit

Realtor.com

Getty Images / Realtor.com In a quick turn, Maroon 5 frontman Adam Levine sang goodbye to his Montecito mansion. Levine flipped the compound in June for $28.5 million, according to the website Dirt. The transaction came just three months after Levine, former coach for “The Voice,” and his wife, the supermodel Behati Prinsloo , purchased the property for $22.7 million.

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Quick Observation: Real Estate Agents in the Metaverse?

Notorious ROB

I’m gearing up to release the next two big annual pieces — grading myself on last year’s predictions and 2022 predictions — but I got yet another email from some PR firm: Investment in virtual real estate has become the talk of the town in the real estate world as millions are being poured into. Read more. The post Quick Observation: Real Estate Agents in the Metaverse?

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Following a Face-Lift, ‘Little Slice of Hell’ Home Is Now Simply Heavenly

Realtor.com

Realtor.com This summer, a trashed home in Colorado went viral thanks to a brutally honest listing description that minced no words. After an upset tenant took their aggressions out on the house and left it a complete mess, the listing agent, Mimi Foster , famously dubbed the wrecked residence a “ Little Slice of Hell.” In June, the dilapidated dwelling on a quiet cul-de-sac went on the market for $592,500.

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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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3 Secrets to Making the Most Out Social Media Marketing for Real Estate

McKissock

Social media marketing for real estate has become a bonafide way to market your business and build your personal brand. Want to know why? Your biggest market at this moment (and likely for years to come) are Millennials. And Millennials love their social media. This isn’t about falling in line with some hot trend or fad either. It’s not a gimmick. Social media is one of your best options for reaching the people most likely to need your services.

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Tennessee First-Time Home Buyer: 2021 Programs and Grants

The Mortgage Report

If you're a Tennessee first-time home buyer, you may be able to access education courses, special mortgages and down payment assistance.

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House of the Week: Stunning Updated Colonial in Brooklyn’s Manhattan Beach

Point2Homes

This showstopping Brooklyn home boasts a colonial-style exterior and a fully updated luxurious interior. Spacious living areas and a great large yard with a pool and patio make this property a fantastic entertaining space. Large windows flood the home with natural light and highlight the many high-end details throughout. In addition, its location in Manhattan Beach offers easy access to a variety of recreation options, as well as quick routes to downtown New York.

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Federal Reserve Outlook: Housing Considerations

Eye on Housing

At the conclusion of its December policy meeting, the Federal Reserve announced changes to its outlook and projections that move monetary policy further away from the accommodative stance that has supported the economic rebound from the 2020 recession. This pivot toward tighter policy is a direct result of ongoing, elevated inflation data. Today’s announcement makes several changes to both the.

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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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Nail Your Listing Presentations by Making Them More “Meme”orable

Lighter Side of Real Estate

Landing yourself a listing appointment is hard enough, but then you still have to nail your presentation in order to walk out of it with a signed listing agreement in hand. It’s not an opportunity you want to squander. Unless you’re a seasoned veteran or have a super polished presentation, it’s super common to worry about how it’ll go…. Will I forget to go over something important?

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There’s a Revolutionary Change Happening in Employee Mindset

App Folio

By focusing on today’s workers’ changed mindsets, companies can succeed through employee engagement, training, and a personal touch. To survive.

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Is the Real Estate Sky Falling?! Economist Weighs In…

Lighter Side of Real Estate

People often wonder if the “bubble” is going to burst, making home prices tumble. Sellers worry because it could mean one of (if not the ) biggest asset they own could take a beating. Buyers on the other hand hope for some glimmer of deals on the horizon, and maybe a little less competition in the market. Well, according to a recent article from Yahoo , home prices will drop in the near future and “cause some pain.”.

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Daily Links: Housing Groups File Lawsuit Over State’s Ending of Pandemic Rent Relief Program

Brownstoner

In the News New York Faces Lawsuit After Halting Applications for Pandemic Rent Aid [NYT] The Architect Who Invited Her Mother to Be Her Next-Door Neighbor [NYT] Mill Basin Restaurateurs Busted in Bizarre Super Bowl Bribery Scheme [BP] A Prospect Heights Bakery With Austrian Roots [Eater] An 1840s Cobble Hill Townhouse Made Whole… Read More > The post Daily Links: Housing Groups File Lawsuit Over State’s Ending of Pandemic Rent Relief Program appeared first on Brownstoner.

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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.