Thu.Sep 23, 2021

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Homeowners gain $2.9 trillion in equity in Q2 2021

Housing Wire

Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic released Wednesday. This marks an average gain of $51,500(!) per borrower since the second quarter of 2020. The amount of equity for a property is determined by comparting the estimated current value of the property against the mortgage debt outstanding (MDO).

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Two Reasons Why Waiting a Year To Buy Could Cost You

Keeping Current Matters

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two simple questions: What will home prices be like in 2022?

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Mortgage rates continue to idle at 2.88%

Housing Wire

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. 23, according to Freddie Mac ‘s latest PMMS survey. Mortgage rates have been roughly flat for months now. “The slowdown in economic growth around the world has caused a flight to the quality of the U.S. financial markets,” said Sam Khater, Freddie Mac’s chief economist.

Mortgages 450
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Canada Plans To Foster Its Real Estate Bubble By Raising The Maximum Mortgage Size

Better Dwelling

Canada plans to increase credit access for the country’s riskiest borrowers in the years to come. A re-elected government may not seem like change, but they promised a big one — larger insured mortgages. High-ratio borrowers will see an increase of up to 25% of their maximum mortgage size. Expansion of credit during a low […]. The post Canada Plans To Foster Its Real Estate Bubble By Raising The Maximum Mortgage Size 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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Clear Capital acquires Finnish digital floor plan firm

Housing Wire

Appraisal management company Clear Capital is looking to beef up tech tools for its network of appraisers, and it is doing so through an acquisition. The Reno, Nevada-based company just closed on the acquisition of Finnish proptech startup CubiCasa this week. The two are well acquainted – Clear Capital already utilized CubiCasa’s digital gross living area technology.

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3 Affordable and Cozy Home Revamp Ideas to Try this Fall

Coldwell Banker

Shorter days and cooler temperatures can only mean one thing: fall is on its way and winter won’t be far behind. So today, we’re dishing up some seasonal interior design tips to help you give your home a cozy, warm vibe just in time for fall (without having to spend big). The post 3 Affordable and Cozy Home Revamp Ideas to Try this Fall appeared first on Coldwell Banker Blue Matter.

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Planning on Buying a House? Avoid These Mistakes That Could Cost You Your Mortgage

Lighter Side of Real Estate

The road to homeownership is paved with plenty of opportunities for mistakes—many of which could cost you your mortgage and tank your home purchase. But if you’ve never bought a home before, you may not be aware of those potential mistakes. So, the question is, what are the most important mistakes to avoid during the homebuying process? A recent article from The Mortgage Reports outlined major (and costly!

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Stellar MLS to launch new agent platform

Housing Wire

The nation’s third largest MLS, with over 70,000 agents in Florida and Puerto Rico, Stellar MLS announced Tuesday that it is partnering with Remine and MoxiWorks to launch a new platform for real estate professionals. Stellar MLS currently offers members a suite of over 24 different products to help agents list properties, manage transactions and connect with customers.

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Mortgage Rates: Little Movement Amid Slowdown in Global Economic Growth

RIS Media

Freddie Mac’s Primary Mortgage Market Survey (PMMS) was recently released, reporting that the 30-year fixed mortgage rate (FRM) averaged 2.88®. Mortgage details: – 30-year fixed-rate mortgage averaged 2.88% with an average 0.7 point for the week ending Sept. 23, 2021, up slightly from last week when it averaged 2.86%. Last year, the 30-year FRM averaged 2.90%. – 15-year fixed-rate mortgage averaged 2.15% with an average 0.6 point, up from last week when it averaged 2.12%.

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The real reason women are overlooked? Leadership is seen as masculine

The American Genius for Real Estate

(EDITORIAL) We can tell women to "lean in," or we can address what researchers point to as the real challenge - leadership is still seen as a masculine trait. The post The real reason women are overlooked? Leadership is seen as masculine appeared first on The American Genius Real Estate.

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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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How Houlihan Lawrence President and CEO Created a Brokerage Guided by Values

RIS Media

Elizabeth D. Nunan. President and CEO, Houlihan Lawrence, a member of Leading Real Estate Companies of the World®. Rye Brook, New York. www.houlihanlawrence.com. Region served: Markets North of New York City, as well as Fairfield County, Connecticut. Years in real estate: 30. Number of offices: 30. Number of agents: 1,335. Lesley Grand: Why is the Leading Real Estate Companies of the World® (LeadingRE) network a good fit for Houlihan Lawrence?

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Backyard Decor Ideas for Fall

Point2Homes

When the humidity breaks and the nights start to get cool, it’s time to think about transitioning your backyard from summer to fall. Instead of packing up your outdoor spaces at the end of the season, why not adapt to the weather? A few easy updates and cozy additions will have you enjoying your yard right through the fall. Try these fabulous backyard decor ideas for fall to make the most of your outdoor spaces this season. .

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Secret list of reasons why your Facebook ad was rejected

The American Genius for Real Estate

(SOCIAL MEDIA) Save your marketing team time with this secret list of Facebook ad rejection reasons. The post Secret list of reasons why your Facebook ad was rejected appeared first on The American Genius Real Estate.

Marketing 105
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Don’t Be Broke on January 1, 2022

RIS Media

In any shifting, changing or thriving market, it’s always possible to make progress. So, one question I have for you is this: what will your bank account look like on Jan. 1? Is it your desire to have a more significant bank account or a smaller one? Whatever your goal is, now is the time to make that happen. The next days will be critical for setting yourself up for a strong close to the year and a fast start to the new year.

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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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Commercial Roofing – What You Need to Know

Agent Drive

Roofing is an integral component of any commercial structure. When you think about the roof, there are a few things that come to mind: functionality, protection from weather and sun, and aesthetic appeal. What many people don’t consider when they’re shopping for commercial roofing is the material it’s made out of. The material will have […].

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Realogy CEO Discusses Housing With NJ Congressman

RIS Media

Ryan Schneider, CEO of Realogy, recently sat down with Congressman Bill Pascrell, Jr., who serves as a representative for New Jersey’s 9th congressional district and is a member of the tax-writing House Ways and Means Committee. During the company’s Owner Update , the pair discussed several critical issues, including legislation to restore the full federal state and local tax (SALT) deduction.

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Check out This New Collection of Rooms with Breathtaking Views

Point2Homes

We build homes in varied landscapes, but often a common thread among them is strategically placed windows that allow us to enjoy what the outside world has to offer. Even when indoors, we seek comfort in the natural world. A room with a spectacular view quickly becomes a favorite place, whether it’s a bedroom, bathroom, kitchen or living room. We want to have glimpses of trees, water, sky and mountains when we’re gazing out the window deep in thought, and those glimpses are our focus, or when we

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Transforming Connections Into Relationships: Central Alabama Broker Focuses on Support and the Experience

RIS Media

Anna-Marie Ellison. Broker/Owner, ERA King Real Estate. Anniston, Alabama. www.era.com/era-king-real-estate–568c. Region served: Central Alabama. Years in real estate: 15. Number of offices: 10. Number of agents: 202. Jordan Grice: How did you come to partner with ERA, and how has the partnership helped mold your brokerage? Anna-Marie Ellison: ERA is all about building relationships, the power of the network and collaboration, and the brand aligns with who we are as a company.

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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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San Diego: Buyers More Critical, But Stable

BubbleInfo

This company surveys new-home and resale agents every month, and this report confirms more of what we’ve been experiencing: A few more listings (but NSDCC listings are dropping off now). More listings not selling/buyers getting pickier. Buyer traffic is steady, and better than expected. The Home Listings Index dropped from 70 to 37.5, which means […].

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Berkshire Hathaway HomeServices Expands in Idaho

RIS Media

Berkshire Hathaway HomeServices recently added Berkshire Hathaway HomeServices Jacklin Real Estate to the global brokerage. The addition marks the brand’s continued growth in the state of Idaho and the sixth company in the state. “Wade and Nicole Jacklin are the perfect leaders to build on our presence in Idaho,” said Christy Budnick, CEO, Berkshire Hathaway HomeServices, in a statement.

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Ex-loanDepot COO: Tony Hsieh cut corners to boost volume

Housing Wire

A former executive at loanDepot dropped a bombshell on the mortgage industry late Wednesday, alleging in a lawsuit that the California-based nonbank lender, in a ploy to drum up money during the refi boom and in preparation for its initial public offering, closed thousands of loans without proper documentation. The suit, filed by Tammy Richards, former chief operations officer, accuses loanDepot’s CEO, Anthony Hsieh, of ordering the sales team to “trust [their] borrowers” and close loans, disreg

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Overcome 5 Obstacles Facing Real Estate Teams in Today’s Market

RIS Media

Teams are the hottest topic in real estate today—and the most profitable opportunity this industry has seen in decades. If built right, a team can double your income and increase your free time to help you build a legacy business. If built wrong, a team can negatively impact your business. Check out these solutions to help you successfully create a blueprint for your very own dream team and avoid common team-building mistakes.

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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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Help Wanted: Brownstoner News and Feature Writer

Brownstoner

Brownstoner is growing. We are looking to hire a reporter, writer and editor who shares our passions to help us cover Brooklyn inside and out. A love for design, interiors, architecture and real estate is a must. This is an opportunity to dig into stories that interest you the most and… Read More > The post Help Wanted: Brownstoner News and Feature Writer appeared first on Brownstoner.

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Women in Real Estate: Power Moves for Business Growth

RIS Media

On Sept. 14, RISMedia held its annual Real Estate CEO & Agent Leadership Exchange , this year co-presented by the National Association of REALTORS® (NAR). The exclusive, full-day, virtual event attracted thousands of industry professionals, featuring broker- and agent-focused sessions with real estate’s most influential and successful executives, brokers, agents, coaches and more.

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Google buys New York office building for $2.1B amid campus expansion

Realty Biz

Google said it’s going to splash out $2.1 billion on a New York City office building even as it moves towards a permanent, “hybrid work” approach that will see many of its employees work remotely much of the time. Google’s purchase of the St. John’s Terminal building in Hudson Square, Manhattan, is the largest price anyone has paid for an office building in the U.S. since the COVID-19 pandemic began last year, according to data from Real Capital Analytics.

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Effective Management as an Agent Retention Tool

RIS Media

Most agents, at some point in their career, consider the possibility of changing their company affiliation. This may be a casual assessment that they mull on their own, or it may be part of a concerted recruiting effort by another broker. With all of the different company models and the constantly evolving nature of our industry, this is a normal occurrence, and one that we can expect will always be part of our industry.

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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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Mortgage and refinance rates today, Sept. 23, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates just inched higher yesterday. So we dodged a bullet as the Federal Reserve decided yesterday to kick its can just a little […].

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A $2 Million Facelift Planned for the Marine Park Salt Marsh Nature Center

Brownstoner

The Salt Marsh Nature Center at Marine Park will be closed until 2023 so it can receive a $2 million renovation, aimed at preserving the largest nature center in any of the city’s parks. The project, which is ongoing and is expected to be finished in 2023, aims to upgrade exhibition… Read More > The post A $2 Million Facelift Planned for the Marine Park Salt Marsh Nature Center appeared first on Brownstoner.

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How to buy a house with $0 down in 2021: First time buyer

The Mortgage Report

It's possible to buy a house with no money. But you need to be creative. Here are 7 programs that can help you buy a house with low or no money down.

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Why Do Homebuyers and Sellers Rarely Meet? Here’s What Can Go Wrong

Realtor.com

Homebuyers meeting home sellers is usually discouraged in real estate. Here's why, and what you need to know before you try for this risky encounter. The post Why Do Homebuyers and Sellers Rarely Meet? Here’s What Can Go Wrong appeared first on Real Estate News & Insights | realtor.com®.

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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.