Mon.Oct 18, 2021

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Homebuilders growing very concerned about affordability

Housing Wire

Homebuilder confidence continued to rise in October despite increasing affordability issues due to rising material prices and ongoing shortages, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report released on Monday. The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of pro

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Over A Quarter of Toronto Real Estate Is Bought By Investors With Multiple Properties

Better Dwelling

Investors are taking over Canadian real estate markets, especially in Ontario. Teranet, the private operator of the province’s land registry, looked at buyers from January 2011 to August 2021. Their analysis shows the largest segment of buyers is now multiple property owners. Armed with cheap money, these investors now represent one in four Ontario home […].

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Is the housing market really 20% overbuilt?

Housing Wire

I’ve been hearing some chatter lately that the uptick in home buying that started in February of 2020 (before COVID, by the way) and has continued into 2021 is being substantially driven by a national emotional state of fear of missing out (FOMO). Now, I understand emotional eating (me, plus Halloween, plus a big bowl of Reese’s Peanut Butter Cups for instance) and even emotional buying (still whittling down hand sanitizers).

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New Development Spotlight: SEVEN700 in Washington, DC

Sotheby's International Real Estate

Showcasing the height of new luxury construction in some of the world’s most sought after locations, let’s explore an exclusive new development from our worldwide network. Washington, DC | David Park, TTR Sotheby’s International Realty . Located in Washington, D.C. the stunning 32-unit residences at SEVEN700 are sure to inspire. Featuring top tier finishes, balconies, and inspiring views of the Nation’s Capital, the ideals of urban living are well within reach at SEVEN700.

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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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FHFA to make desktop appraisals permanent

Housing Wire

Desktop appraisals, a temporary flexibility implemented in March 2020 to keep the mortgage industry afloat amid lockdowns and social distancing, will become permanent, the Federal Housing Finance Agency said today. Sandra Thompson, acting director of the FHFA, said both Fannie Mae and Freddie Mac will allow appraisals to be conducted remotely, using public records such as listings and tax appraisals, for purchase loans starting in early 2022.

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Inventory Watch

BubbleInfo

Actives and pendings are plunging at about the same speed now. You can’t buy what’s not for sale! Today’s NSDCC median list price is $4,397,500, which is 16% higher than it was on June 7th – which is about when the frenzy seemed to lose some steam. As long as the inventory is so thin, […].

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Different Types of Roof

Agent Drive

The roof of a house is one of the most important parts because it protects the inhabitants from the elements. There are many different types of roofs out there that can be used on any home. The type you choose will depend on your climate, location, and what features you want in your home. We’ll […]. The post Different Types of Roof appeared first on AgentDrive.

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Remine acquired by new MLS joint venture

Housing Wire

MLS Technology Holdings, LLC , a joint venture formed by four of the nation’s largest MLSs, has acquired real estate technology company Remine Inc., according to an announcement made on Friday. The joint venture was incorporated on Oct. 4 by the Austin Board of Realtors’ ACTRIS MLS , First MLS in Atlanta, Heartland MLS in Kansas City and Miami Realtors’ MLS.

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How to Find Out Who Owns a Property

Maximum Exposure Real Estate

Tips For Finding Out Who Owns a House Are you looking to find out the ownership of a specific home? There are many reasons why you would want to know how to find out who owns a property. Perhaps you are looking to purchase an abandoned house or a waterfront house you’ve always wanted? Maybe […]. The post How to Find Out Who Owns a Property appeared first on Massachusetts Real Estate Exposure.

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Zillow calls timeout on iBuying, but competitors won’t

Housing Wire

Three years ago, Zillow dramatically transformed into a company that primarily does instant homebuying, or iBuying. But on Monday the home listings giant called a timeout on purchasing homes through the end of 2021. Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release.

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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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Mortgage and refinance rates today, Oct. 18, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged higher last Friday. But earlier falls meant they closed the week lower than they started it. Though only by the smallest […].

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What does it really mean to digitize the closing process?

Housing Wire

ICE Mortgage Technology, a global provider of data, technology and market infrastructure, recently announced that Encompass eClose, its end-to-end eClose solution, is expanding its hybrid capabilities to now include full eNote and eVault functionality. In advance of that announcement, HousingWire Editor-in-Chief Sarah Wheeler had the opportunity to catch up with ICE Mortgage Technology President Joe Tyrrell to talk about what it actually means to digitize the closing process.

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Bay Ridge’s Quirky Gingerbread House Returns, Still Wants $9 Million

Brownstoner

A fairytale-like abode in Bay Ridge is back on the market, looking for just the right buyer to succumb to its eccentric charms. Known affectionately as the Gingerbread House, in architectural terms the abode at 8220 Narrows Avenue is more properly Arts and Crafts in style with rubble stone walls… Read More > The post Bay Ridge’s Quirky Gingerbread House Returns, Still Wants $9 Million appeared first on Brownstoner.

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How servicers can access timely, accurate data insights

Housing Wire

Servicers are facing a number of challenges in today’s market – for example, the need for ongoing, on-demand access to near-real-time data and the ability to access those data insights in a timely and accurate manner. CoreLogic DigitalTax Platform offers a very effective way of navigating through these challenges. It employs modern technology that receives and transforms data insights from both tax agencies and client servicing systems.

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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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Daily Links: Suspect Arrested After Arson Fire at Flatbush Yeshiva

Brownstoner

In the News Today’s Must-Have Amenity? A Little Green Space [NYT] Brooklyn Developer Accused of Swindling Vulnerable Homeowners [NYDN] Woman Charged With Dousing Flatbush Yeshiva With Gasoline [ABC7]. Environment-Themed Indie Films to Be Projected Onto Manhattan Bridge [Eagle] NYPD Crossing Guard Says She ‘Can’t Stop’ Dancing [BK Reader] 'Dangerous' Canopy Stands Over Brooklyn Playground: Lawsuit… Read More > The post Daily Links: Suspect Arrested After Arson Fire at Flatbush Yeshiva a

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Here’s a look at the future of digital mortgage closings

Housing Wire

Snapdocs, a digital closing platform, recently announced that it is building Snapdocs eVault, a solution for the secure creation, storage and transfer of eNotes and other digital mortgage documents. In advance of that announcement, HW+ Managing Editor Brena Nath had the opportunity to catch up with Snapdocs Founder and CEO Aaron King at MBA Annual to talk more about eVault and what digital mortgages could look like in three to five years.

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Register Now for Free Webinar This Month ‘Tips on Buying a Condo/Co-op in Brooklyn’

Brownstoner

Interested in buying into a condo or co-op? Wondering if a new development condo, resale condo, or co-op apartment is the right fit for you? Curious to see what options are available when securing a loan for these different types of properties? Then you don't want to miss the free webinar… Read More > The post Register Now for Free Webinar This Month ‘Tips on Buying a Condo/Co-op in Brooklyn’ appeared first on Brownstoner.

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#TransformationTuesday With Sue La Bounty: Warming Up a Modern Space

First Team Real Estate

Sue La Bounty. 20 Palermo Walk on Treasure Island in Long Beach’s Naples community was a light-filled, modern masterpiece – but many prospective home buyers found the home a bit cold. Nestled between Alamitos Bay and Naples Canal, the 3 bedroom, 2.5 bathroom property offered sublime beach living but the very specific taste of the homeowners was holding back its mass appeal.

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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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NYCHA Preps for Extra-Cold Winter, Claims Heat Outages Cut by Half

Brownstoner

As head of the City Council’s Committee on Public Housing, Brooklyn Council Member Alicka Ampry-Samuel questioned New York City Housing Authority reps on Tuesday ahead of the cold winter months on their level of preparedness for heat outages. “I cannot count how many times I’ve received calls from residents, requesting… Read More > The post NYCHA Preps for Extra-Cold Winter, Claims Heat Outages Cut by Half appeared first on Brownstoner.

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Contingent vs. Under Contract: What Do All Those Real Estate Status Codes and Listing Terms Really Mean?

Realtor.com

Contingent vs. under contract. when you read a listing, it can be full of real estate status codes you may not know. Allow us to clear things up. The post Contingent vs. Under Contract: What Do All Those Real Estate Status Codes and Listing Terms Really Mean? appeared first on Real Estate News & Insights | realtor.com®.

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How can I buy a house with student loan debt? (Podcast)

The Mortgage Report

It's definitely possible to buy a house with student loan debt. Learn how to work around student loan debt and qualify for a mortgage more easily.

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The Death of the Starter Home: Where Have All the Small Houses Gone?

Realtor.com

Unlike past generations that were able to find affordably priced starter homes, today's first-time buyers are struggling to find similar entry-level homes. The post The Death of the Starter Home: Where Have All the Small Houses Gone? appeared first on Real Estate News & Insights | realtor.com®.

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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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How to Groom and Grow a Facebook Page for Realtors

Realty Biz

How to groom and grow a Facebook page for realtors? Here’s a thing not many PRs, advertisers, and marketers will bother to tell you: the rules are timeless, only flavors change. And there is always a new trend that you missed, a new fad to catch up with before you catch your breath. But the rules are the same: be authentic, be yourself, and care for the buyers.

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Don’t Sweat Sweater Weather! 6 Must-Do Home Maintenance Tasks for Fall

Realtor.com

From lawn maintenance to winterizing the pool, the change of the season ushers in a slew of extra items for your to-do list. The post Don’t Sweat Sweater Weather! 6 Must-Do Home Maintenance Tasks for Fall appeared first on Real Estate News & Insights | realtor.com®.

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A Complete Guide to Using the Best Real Estate Technology in 2022

Jason Fox

A Complete Guide to Using the Best Real Estate Technology in 2022. Gone are the days when real estate agents could get away with old-school strategies involving pen and paper or Excel spreadsheets when conducting business. Today, technology has reshaped the real estate landscape and although it's still a local or regional business in a lot of ways, brokers, realtors, and agents now lean on technology as.

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The Gift That Keeps On Giving: UBS Bubble Index 2021

Toronto Realty Blog

TorontoRealtyBlog. Do you gamble ? I don’t. I used to. But you reach a point where you say, “This is as much as I’m willing to lose,” and then you simply stop. (we hope…). A friend of mine recently took up sports gambling as a hobby. He knows very little about football but loves “the action.” He called me a few weeks ago to ask what I thought of the point spread on Monday Night Football and I said, “I have no clue.” That was as honest

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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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How Much Can I Sell My House For? The Number Every Homeowner and Seller Should Know

Realtor.com

Curious what your Realtor.com home value is? If you're selling your home, it's essential to know your home's market value. The post How Much Can I Sell My House For? The Number Every Homeowner and Seller Should Know appeared first on Real Estate News & Insights | realtor.com®.

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Mortgage lender UWM drops bitcoin payments plan, for now

Realty Biz

Homeowners have shown little interest in paying off their mortgages with bitcoin and other cryptocurrencies, causing United Wholesale Mortgage to ditch its plan to start accepting digital currencies as payment. UWM first announced its plans to embrace cryptocurrencies in August, and began a pilot project enabling a select number of mortgage holders to start making repayments shortly thereafter.

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Tips for Buying Your First Home

RISMedia

By Kara Masterson It's always an adventure when you're ready to go house hunting. It’s even more exciting when you are ready to venture out in search of your first home. Whether you're moving out of your parent's house or you have been renting a place and are ready to finally own your own place, […]. The post Tips for Buying Your First Home appeared first on RISMedia's Housecall.

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Canadian New Housing Starts Fell For A Fourth Month, But Still Much Higher Than Usual

Better Dwelling

Falling Canadian housing investment is starting to weigh on new housing activity. Canada Mortgage and Housing Corporation (CMHC) data shows housing starts fell in September. The drop comes after hitting a multi-year high earlier this year. Even with the drop, building activity is still elevated above historic levels. Canadian Housing Starts Fell To 271,000 Units […].

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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.