Wed.Sep 23, 2020

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Renovation loans get pandemic boost as homeowners want home offices

Housing Wire

Vexed by work-from-home arrangements owing to the COVID-19 pandemic, homeowners are taking the long view and rethinking floor plans. The reality is, home offices are no longer a luxury. In the initial three weeks of public health lockdowns in March, according to Gallup , the percentage of employed Americans working from home doubled to 62%. Of these workers, three in five said they’d prefer to work from home when restrictions are lifted.

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Home Purchasing Reaches Highest Level in Over a Decade

Eye on Housing

For the week ending September 18, 2020, the Mortgage Bankers Association’s latest Weekly Application Survey showed a jump in application activity, both in purchasing and refinancing, as its Market Composite Index increased 6.8% from the previous week on a seasonally adjusted basis. Most notably, the Purchasing Activity reached its highest level since January 2009, when it was only 5.3% higher.

Mortgages 135
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United Wholesale Mortgage plans $16B public debut via acquisition

Housing Wire

United Wholesale Mortgage , the largest wholesale lending firm in the country, is joining the blank-check company craze and will make its public debut via an acquisition. The Detroit-headquartered UWM will merge with businessman Alec Gores’ special purpose acquisition company (SPAC) Gores Holdings IV Inc in a deal that will value the new UWM at $16.1 billion, the company said in a statement Wednesday morning.

Mortgages 542
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The best mortgage lenders for 2020: Reviews and rates

The Mortgage Report

The 9 best mortgage lenders for Below are the nine best mortgage lenders this year. We selected these companies based on their customer service, expertise, selection of loan products, and […].

Mortgages 128
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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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Housing market stays hot into fall with mortgage applications up 6.8%

Housing Wire

Despite mortgage rates rising slightly from a previously all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association. The refinance index continued its upward climb, gaining 9% last week and jumping 86% higher than the same week one year ago. Refinances also nearly reached two thirds share of mortgage activity last week, increasing to 64.3% of total applications from 62.8% the week prior.

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STOP giving Zillow your ad money, listing data – today, they’re a competing brokerage

The American Genius for Real Estate

(REAL ESTATE) We've warned of this for years, the industry funded it, and Zillow Homes brokerage has launched, and there are serious questions at hand. The post STOP giving Zillow your ad money, listing data – today, they’re a competing brokerage appeared first on The American Genius Real Estate.

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How We Bought a House That Wasn’t for Sale (and How You Can, Too)

Realtor.com

Kelsey Ogletree While trying to buy a house this summer, I assumed our real estate options were limited to homes that were officially for sale. Well, guess what? We ended up buying a house that wasn’t even listed—and learned that this home-buying strategy wasn’t just possible, but often preferable if you’re purchasing property in a competitive market.

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Zillow iBuying program brings real estate transactions in-house by licensing Zillow Homes employees

Housing Wire

The iBuyers are quickly becoming all-in-one-buyers. On Wednesday, Zillow announced that its Zillow Offers customers will be offered “a more simple, integrated transaction experience through added services, managed in house,” starting in January 2021 with Zillow Homes. Customers in Atlanta, Phoenix and Tucson who sell their homes via the iBuying solution will work directly with licensed employees of Zillow Homes, its brokerage entity.

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5 Excuses Agents Make When They Can’t Convert Leads (& Why They’re Wrong)

The Close

I remember my first lead. I was so excited I thought this person was going to be my new best friend. But much to my surprise, she never even answered the phone! Sound familiar? Fast forward 12 years and many thousands of calls later, I learned some hard lessons about leads. My leads didn’t suck—I just wasn’t working them properly. To save you from learning the hard way like I did, here are the top five excuses agents make when they can’t convert leads (and why they’re wrong). 1.

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What’s a loan servicer to do about compliance?

Housing Wire

Loan servicers operate between a rock and a hard place today. Customers demand high-quality service. Regulators demand that products and services are provided fairly and equitably. OK, but then the current economic climate adds levels of complexity, with loan modifications, forbearances and confusion about compliance. Regulators and lenders have not settled on specific fair servicing models, evaluation practices or formally approved compliance tools.

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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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Rendering Shows Apartment Building That Will Replace Historic Clinton Hill Villa

Brownstoner

A rendering has appeared on the construction fence outside the former site of a pre-Civil War Clinton Hill home, signaling what is to come for the property. Located just outside the Clinton Hill Historic District at 532 Clinton Avenue, the property sold for $6.5 million to 532 Clinton LLC in December… Read More > The post Rendering Shows Apartment Building That Will Replace Historic Clinton Hill Villa appeared first on Brownstoner.

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Historic Colorado Castle in the Rockies Can Be Yours—Antique Ski Lift Included

Realtor.com

realtor.com A castle built for the man who founded the town of Redstone, CO, can now be yours, for $19.75 million. Known as Redstone Castle and as the “Ruby of the Rockies,” the 42-room castle has almost 30,000 square feet of interior space. It also has over 150 acres of land, surrounded by beautiful scenery along the Crystal River. “The castle sits between two national forests in two wilderness areas,” says the listing agent, Jeff Bier. “It sits up on the hill overlookin

Land 116
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Sunset Park’s Industry City Pulls Controversial Rezoning Application

Brownstoner

Industry City leaders withdrew the rezoning application for the sprawling Sunset Park complex on Tuesday after a host of Brooklyn lawmakers announced their opposition to the plan. “Sadly, in the context of one in five New Yorkers losing their jobs and the City’s fiscal crisis spiraling out of control, the leadership… Read More > The post Sunset Park’s Industry City Pulls Controversial Rezoning Application appeared first on Brownstoner.

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Read this before you use your 401(k) to buy a house

The Mortgage Report

It's possible to use your 401(k) for a down payment when buying a home. But it's not always best. Learn how a 401(k) loan works and other options.

Loans 128
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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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From Portal to Brokerage: Zillow Takes Massive Next Step Into All-in-One Real Estate Services

RIS Media

Over the last several years, Zillow has been transitioning from a real estate search portal into a streamlined buying and selling entity that offers iBuying services through Zillow Offers , and mortgage, title and escrow services through Zillow Home Loans and Zillow Closing Services. Now, the company has taken things a step further by starting its own licensed brokerage: Zillow Homes. .

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More buyers waive the home inspection to get the deal done

Realty Biz

With buyers facing increased competition for what few properties are on the market, some are choosing to waive the home inspection. But while waiving the property inspection always used to be about making an offer more enticing and stand out in a bidding war, these days that’s not always the reason why buyers are offering it. The problem now is that home inspectors are in such high demand in some parts of the country that some are already booked up for weeks ahead.

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No Hot Water at Home? Here’s Who—or What—To Blame

Realtor.com

Vladimir Grigorev / EyeEm/Getty Images No ifs, ands, or buts about it, losing hot water at home is infuriating. It often occurs without warning at the worst possible moments: when filling up the bathtub, while washing the dishes, or (arguably worst of all) when you’re in the shower with shampoo in your eyes. But what gives? When your water switches from warm to frigid, what—or who—is to blame?

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Mortgage and refinance rates today, September 23, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, underscoring the disconnection between those and other markets. And conventional loans today start at 2.875% (2.875% APR) for a […].

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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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Skinny Baltimore Row House Packs a Sweet Surprise—a Must-See Kitchen

Realtor.com

realtor.com A historic Maryland row house in Baltimore offers plenty of design surprises both inside and out. Built in 1854, the extremely skinny home on Battery Avenue in the Federal Hill neighborhood is listed for $279,900 and is ideal for a creative type. “It’s very over-the-top unique,” says the listing agent, Derek Blazer. “I think it’s going to be a very artsy type of person who is the perfect buyer.”.

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Pivot in Place: REALTOR® Safety

RIS Media

Editor’s Note: This is part of a monthly video series from the National Association of REALTORS ® (NAR) to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily Real Estate Advisor. Each week, in the National Association of REALTORS®’ new Pivot in Place video series, NAR Leadership and industry experts share tips and updates on the real estate industry during this unprecedented time.

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Why Is The Rock Renting an Atlanta Mansion? And Why Did He Rip Down Its Gate?

Realtor.com

Samir Hussein/WireImage Dwayne “The Rock” Johnson has performed plenty of amazing feats on screen. The A-list actor has jumped from a mile-high crane into the open window of a building in the movie “Skyscraper,” pulled a helicopter from the sky in “Hobbs and Shaw,” and rappelled out of a helicopter to rescue a car teetering on a cliff in “San Andreas.” However, those cinematic stunts pale in comparison with the damage the former WWE superstar cause

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Explore Nature At Jonathan Dickinson State Park

Waterfront Properties

Located within five miles north of Jupiter in Martin County is the Jonathan Dickinson State Park. The Florida State Park sits between Tequesta and Hobe Sound. The state park is named after a Quaker merchant named Jonathan Dickinson who wreaked his boat off the coast in 1696. During the second World War, the area served as an Army base and home to Camp Murphy.

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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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Amanda Mitchell’s flamingos in Kamloops raise $5,700 for shelter

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Amanda Mitchell’s flamingos in Kamloops raise $5,700 for shelter. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. When Amanda Mitchell saw the success of Royal LePage colleague Lindsey Edward’s “Flocked 4 Shelter” fundraiser in Cobourg, Ont., she knew the event could be

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MooveGuru Partners With Alpha Gas and Electric

RIS Media

MooveGuru recently announced its latest partnership with Alpha Gas and Electric, a provider of 100-percent green electricity and natural gas supply in the Central and Northeastern United States. “It’s our mission at MooveGuru to take the pain out of moving,” said MooveGuru’s founder and CEO, Scott Oakley. “Forging partnerships with leading energy companies across the nation is key to fulfilling that mission.” “We take great pride in having a reputation f

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How Ruth Bader Ginsburg Helped Women Achieve Their Homeownership Dreams 

Homes.com

To honor Justice Ruth Bader Ginsburg’s legacy, we want to examine how she helped transform the housing market for women of all ages and in many facets. The post How Ruth Bader Ginsburg Helped Women Achieve Their Homeownership Dreams appeared first on Homes.com.

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Providing Excellent Service to Agents and Clients

RIS Media

Troy Wilson. President. Bellator Real Estate & Development, a member of Leading Real Estate Companies of the World®. Spanish Fort, Ala. www.gobellator.com. Region served: Mobile and Baldwin County, Ala. Years in real estate: 24. Number of offices: 6. Number of agents: 178. Motto that you live by: While there are a great many things in life that we have no control over, we can control our attitude.

Agents 103
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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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Fall and Halloween Events in Southern California | October 2020

First Team Real Estate

Fall is in full swing, and while the world isn’t back to normal, businesses are getting creative with events in Southern California this October 2020. From drive-in scare experiences to virtual festivals and more, we have plenty to look forward to next month. Our First Team High Desert office will also be hosting a remote Army Ten-Miler run in Apple Valley to support local veterans and charities!

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Your Journey to Lifelong Learning Starts Now

RIS Media

When I immigrated to America nearly 30 years ago, a mentor introduced me to a space that would change my life: personal growth and development. I began attending seminars where I sat listening to inspirational speakers like Zig Ziglar, Jim Rohn and Lou Holtz. As each one described how they thrived in life, I made the conscious decision to follow their lead and become a student of success.

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WHY I FELL IN LOVE WITH REAL ESTATE… AGAIN.

Lab Coat Agents

Why I fell in love with real estate… again. When I got into real estate, much like meeting a future wife or husband , I had no idea what I was getting myself into by making a few casual decisions which seemed absolutely harmless at the time. Real estate was easy to fall in love with, especially coming out of my last relationship with the United States Marine Corps. .

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Making Recognition a Habit

RIS Media

Acknowledging noteworthy events will lead to increased agent loyalty. Doesn’t recognition feel good sometimes? For instance, if you paint your home and your neighbor goes out of their way to say, “Your home looks great,” doesn’t it lift you up? I’ll bet it does. And not only do you feel good about yourself, but you also appreciate the person who complimented you for noticing what you did and saying something positive about it.

Agents 102
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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.