Mon.Nov 16, 2020

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The differences between FHA, VA, and USDA mortgages

Housing Wire

When you get a mortgage, there are several options you can choose from, including FHA, VA, USDA, and conventional mortgages. And the one you pick? That will determine how big a down payment you’ll need, what credit score you should have and all the other requirements you’ll need to meet, too. But choosing the right mortgage product can be difficult — especially if you’ve never bought a home before.

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Why Working from Home May Spark Your Next Move

Keeping Current Matters

If you’ve been working from home this year, chances are you’ve been at it a little longer than you initially expected. Businesses all over the country have figured out how to operate remotely to keep their employees healthy, safe, and productive. For many, it may be carrying into next year, and possibly beyond. While the pandemic continues, Americans are re-evaluating their homes, floorplans, locations, needs, and more.

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Mortgage forbearance rate falls 20 basis points to 5.47%

Housing Wire

The U.S. forbearance rate measuring the share of mortgages with suspended payments experienced a 20 basis points improvement last week after it fell to 5.47% from 5.67% the week prior , according to the Mortgage Bankers Association. The U.S forbearance rate has now fallen for 11 consecutive weeks with an estimated 2.7 million homeowners still in mortgage forbearance plans.

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10 Amazing Black Friday Bargains First-Time Home Buyers Will Love

Realtor.com

ArtistGNDphotography / Getty Images Nothing, not even a coronavirus pandemic , can stop Black Friday from arriving—in fact, many of this year’s hottest bargains rolled out weeks before Thanksgiving, rather than adhering to the tradition of waiting until the day after. And for first-time home buyers , this is truly a prime opportunity to stock up on all the essentials you need to keep your house in good shape without draining your wallet.

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Welcome to the Future of Hospitality: Smart Rooms Start Here

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

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The differences between home and mortgage insurance

Housing Wire

If you’re using a home loan to buy a house, then you could have two types of insurance in your future, home insurance and mortgage insurance. Home insurance is also called homeowner’s insurance or hazard insurance. These policies cover damage to your property and losses you might suffer in a natural disaster, flood, break-in or other unexpected circumstance.

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More Trending

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Why is the El Paso housing market so hot right now?

Housing Wire

The Texas border town of El Paso, the state’s westernmost city with a population of less than 1 million, has experienced an enormous uptick in home purchases since March – the month that COVID-19 began shutting down businesses, forcing people to stay indoors, and eliminating jobs. But the virus has had anything but a negative impact on real estate in El Paso.

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Strong Gains for September Single-Family Permits

Eye on Housing

Over the first nine months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 713,286. On a year-over-year (YoY) basis, this is an 10.2% increase over the September 2019 level of 647,244. Year-to-date ending in September, single-family permits across the four regions ranged from an increase of 12.4% in the South to an increase of 6.2% in the Northeast.

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A far from normal downturn: Originations versus delinquencies

Housing Wire

COVID-19 is a historically unique event for the mortgage industry. Typically, during a crisis or catastrophic event that impacts the housing industry, you’d see a significant downtick in mortgage originations and an uptick in delinquencies, ultimately leading to foreclosures. However, the COVID-19 pandemic has been a unique crisis to not only live in and learn to work through, but also to follow as it relates to the mortgage business.

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Real Estate: Showing Resilience in Good Times and Bad

RIS Media

During a challenging period like the one we’ve found ourselves in this year, we’re all encouraged when we see resilience on display. There has been no shortage of industry stakeholders who have risen to the occasion in 2020. Real estate professionals have adopted new, tech-focused ways to continue working closely with their clients. Agents, teams, offices, associations and MLSs throughout the U.S. and Canada have all rallied around new best practices to continue working at a high lev

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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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eOriginal launches hub for lenders to find RON partner

Housing Wire

eOriginal announced the release of its new ClosingCenter 2.3, which includes a hub to connect lenders to the right remote online notarization partner. This move comes after a year of change for the title industry. RON has become the go-to solution for many lenders and the tech to strive for with many others. “In 2020, RON became an essential service to ensure closings continued uninterrupted, and now more than ever, lenders need RON tools that empower and optimize their workflow,” Notarize CEO P

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How Women-Led Chicago Real Estate Team ‘Understands Mindset of Every Customer’

RIS Media

Elizabeth Ballis, Deborah Ballis Hirt, and Nicole Niermeyer. Getting into real estate was pure serendipity for Chicago broker Elizabeth Ballis who, for more than 40 years, has ranked among the Windy City’s top producers. “Way back in 1980, I helped link up a friend who wanted to sell her home with another friend who was an agent,” Ballis said. “I watched the process unfold, and I was hooked.” Working at the time in her family’s insurance business, Ballis made

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The Best Real Estate CRM for 2021: In-Depth Reviews & Pricing

The Close

Ask any top-performing real estate agent what their go-to-must-have-can’t-live-without tool is, and chances are they’ll say a great real estate CRM. The only problem is that there are so many on the market that it’s hard to know which is the best. Check out our top picks in the table below, and read on to get more detailed analysis of each product. 7 Best Real Estate CRMs.

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A Delightfully Striped Interior Returns to Prospect Park’s Endale Arch

Brownstoner

A rainy day in Prospect Park last week was enlivened by the unveiling of the glowing, restored interior of the Endale Arch. Pristine strips of black walnut and white pine now stretch through the 19th century span, surrounding pedestrians with pattern and natural materials as the designers originally intended. Barricaded… Read More > The post A Delightfully Striped Interior Returns to Prospect Park’s Endale Arch appeared first on Brownstoner.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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How to Keep Your Water Heater Going Strong All Winter Long

RIS Media

It’s never convenient to have your water heater stop working, but it is even worse during the winter. To ensure your water heater is fit to last the entire season, here are some tips for routine maintenance that you can perform. As you cover these points, you can also conduct a mini assessment of your water heater’s health to identify any warning signs or potential hazards that may need to be corrected before the temperature drops.

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Mortgage and refinance rates today, November 16, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates fell again last Friday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. There was […].

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Five of Jacksonville’s Best at Selling Single-Family Homes

Realty Biz

Last month we took a look at top Memphis real estate agents through the data-driven lens of HomeLight , the leading referral company powered by proptech. Today, we look at Jacksonville, Fla. through the same lens in order to create a lineup of trusted and effective agents for buying a home there. For this list, I applied with HomeLight to see the best agents for single-family homes , within a certain price range, and for a permanent residence.

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CMHC Finds Toronto and Vancouver Mortgage Debt Ratios Fall, But Not As It Seems

Better Dwelling

Canadian mortgage debt indicators are looking better, but the state-owned housing agency is putting a big asterisk beside them. Canada Mortgage and Housing Corporation (CMHC) data shows the mortgage debt to income ratio made a sharp drop in Q2 2020. Typically this would mean households had a sudden windfall, and can suddenly handle their debt […].

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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The Dos and Don’ts of Staging Your Home During the Holidays

Homes.com

The most common question from sellers during this time, "Should we decorate for the holidays when selling?" Here are the dos and don'ts if you're listing your home this holiday season. The post The Dos and Don’ts of Staging Your Home During the Holidays appeared first on Homes.com.

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What is a VA renovation loan? And where can I get one?

The Mortgage Report

A VA renovation loan lets you buy a fixer-upper with an ultra low interest rate. But these loans are hard to find. Should you look for an alternative?

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Write a Better Thank-You Note

RIS Media

The end of the year is a great time to ramp up your gratitude practice and show your favorite clients and vendors how much you appreciate them! One of the most effective ways to demonstrate gratitude is through a handwritten thank you note. They are personal, heartfelt and always fun to receive. Not only will you make your client’s day, but you’ll also illustrate your commitment to high-quality care and service, and, as a result, write your way to more referrals down the line.

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Canadian noise regulations + bylaws: what you need to know

Zolo

We looked at the noise regulations and bylaws in the 10 most populated cities in Canada. The post Canadian noise regulations + bylaws: what you need to know appeared first on Zolo.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Los Angeles Rams and Rocket Mortgage Kick Off Partnership by Supporting Local Veterans

RIS Media

The Los Angeles Rams and Rocket Mortgage recently announced that Rocket Mortgage has become an Official Mortgage Partner of the Rams through a multi-year agreement. To introduce the partnership to the Los Angeles area, and build on both organizations’ long-standing commitments to honoring servicemen and women, the Rams and Rocket Mortgage will team up around the NFL’s Salute to Service platform—a year-round effort to honor veterans and active-duty members of the military.

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Open House | Inside a Spacious Retreat on George Washington’s Original Mount Vernon Estate

Sotheby's International Real Estate

When entertaining friends or family at home, it is a wise host who provides multiple spaces for guests to get away—especially during seasons where social distancing is a concern. Communal areas, private nooks, peaceful libraries: all of these can offer visitors respite while they gather. Situated on 16.5 acres of what was once George Washington’s Mount Vernon landholding, River View estate is a prime example of how to bring people together with enough room for everyone to spread out and relax.

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Creating Holiday Season Listings

RIS Media

Leverage seasonal advantages to create more listing opportunities. As we quickly approach the start of the holiday season, now is a good time to prime your team on creating new listings through the end of the year. Listings are always the key to success for real estate agents and are especially important in today’s market. As your team reaches out to their family and their sphere this time of year, they should be encouraging those who are considering making a real estate move to list their

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Ask Brian: Should a Short Term Homebuyer Go with a Fixed or Adjustable Mortgage?

Realty Biz

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Violet: Hello Brian, at age 24, I consider myself to be a young homebuyer. Of course, I don’t have a crystal ball but I don’t think I’ll stay in my first house for very long.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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NMHC Rent Payment Tracker Finds 80.4 Percent of Apartment Households Paid Rent as of Nov. 6

RIS Media

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.4 percent of apartment households made a full or partial rent payment by Nov. 6 in its survey of 11.5 million units of professionally managed apartment units across the country. This is a 1.1 percentage point, or 131,712 household decrease from the share who paid rent through Nov. 6, 2019 and compares to 79.4 percent that had paid by Oct. 6, 2020.

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What Does the 2005 HGTV Dream Home Look Like Now? It’s Available for $1.7M

Realtor.com

Chris Alvarez A lakefront home that was once an HGTV Dream Home can soon fulfill a new owner’s fantasy. The 5,264-square-foot home on Eastside Road in Tyler, TX, is available for $1.7 million. Built in 2004, the house on Lake Tyler was HGTV’s Dream Home 2005. “When you walk in the front door, you’re like, ‘Oh, my goodness!’—because it has 32-foot ceilings and you’re looking at the lake,” says the listing agent, Jacquelyn Moose.

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Home Price Growth Slowing in Opportunity Zone Redevelopment Areas

RIS Media

ATTOM Data Solutions recently released its third-quarter 2020 special report analyzing qualified Opportunity Zones established by Congress in the Tax Cuts and Jobs act of 2017. ATTOM looked at 1,737 zones that had at least five home sales in the third quarter of 2020. Median home prices increased from the third quarter of 2019 to the third quarter of 2020 in 74 percent of the zones and increased by more than 10 percent in slightly more than half the zones.

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