Mon.Sep 27, 2021

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If You’re a Buyer, Is Offering Asking Price Enough?

Keeping Current Matters

In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller typically negotiate and agree on a revised price somewhere in the middle.

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Forbearance rate finally hits pre-pandemic levels

Housing Wire

Servicers’ forbearance portfolio volume dropped last week to a level below 3.00% for the first time in 18 months. The total number of loans in forbearance decreased by four basis points to 2.96% as of Sept. 19, according to the Mortgage Bankers Association (MBA). The most notable decline was in the portfolio loans and private-label securities (PLS) category, dipping by four basis points to 6.91%, after a drop of 32 bps in the prior week.

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Canadian Households Now Have $2.5 Trillion In Debt, Over 102% of GDP

Better Dwelling

Canadian households are now so indebted, it exceeds the annual output of the economy. Statistics Canada (Stat Can) data shows the gross domestic product (GDP) printed modest quarterly growth in Q2 2021. The growth was dwarfed by household debt, which now exceeds the size of the country’s GDP. Economies with such large household debt loads […].

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Racial equity in the mortgage biz goes beyond “fancy galas”

Housing Wire

If last year gave rise to a slew of announcements of initiatives to address issues of racial equity, now is the time to give force to those promises. Laura Brandao, president and partner of American Financial Resources , Tai Christensen, director of government affairs and chief diversity and inclusion officer at CBC Mortgage Agency and Montell Watson, director of corporate strategy at Movement Mortgage , took the stage to offer some “practical tips” for mortgage lenders to narrow the racial home

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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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Berlin Residents Just Voted In Favor of Nationalizing 240,000 Apartments From Landlords

Better Dwelling

Germany is one of the world’s biggest real estate bubbles, and it might pop in a spectacular way. Yesterday the majority of Berlin residents voted to nationalize 240,000 rental units. The move was driven by Deutsche Wohnen & Co. enteignen (DW enteignen), a housing activist group looking to cut large corporate landlords. The referendum isn’t […].

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Significant Sales: August 2021

Sotheby's International Real Estate

From a US$60M sale in New York to a CAD$58M sale in Canada, discover five sales represented by Sotheby’s International Realty. New York. New York, New York | Nikki Field, Sotheby’s International Realty – East Side Manhattan Brokerage, Sold for $60,000,000. Hong Kong. Hong Kong | Carman Szeto & Alan Wong, List Sotheby’s International Realty, Sold for $428,000,000 HKD.

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Mortgage and refinance rates today, Sept. 27, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose again last Friday. But, luckily, the increase was much more moderate than the one on the previous day. These rates remain […].

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Inventory Watch

BubbleInfo

Another week with more new pendings than new listings (48 vs 43). The two categories that have been blistering hot: Price Range NSDCC Active Listings # of Pendings $1M to $1.5M 18 68 $1.5M to $2.0M 40 82 When a healthy market has been 2:1 actives vs. pendings, these numbers are staggering! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC (La […].

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Best Ways of Finding History of Properties Online and Offline

Maximum Exposure Real Estate

Tips For Researching a Home You Want to Purchase Would you like to know how to research the history of a property online? If you’re smart you’ll be shaking your head in the affirmative right now. Before buying it is vital to gather all the information on a property that you can. When you are […]. The post Best Ways of Finding History of Properties Online and Offline appeared first on Massachusetts Real Estate Exposure.

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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 Often Do Home Appraisals Come in Low? Here Are the Odds

HomeLight

When people buy or sell a home, they are often curious to know the odds that the home will appraise. Although the answer depends on the situation, including whether the home was priced correctly and how fast values are rising in their area, figures from the broader market do offer some general context. Data from CoreLogic reveals that 20% of home appraisals came in lower than the sales price on transactions that occurred in 2021.

Sales 104
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Colorado Brokerage Seeing Inventory Challenges in His Resort Community

RIS Media

Michael Slevin of Berkshire Hathaway HomeServices Colorado Properties Finding Across-the-Board Trends Like Inventory Shortages Even in Resort Community. Michael Slevin. President, Berkshire Hathaway HomeServices Colorado Properties. Vail, Colorado. www.BHHSColoradoProperties.com. Region served: Vail and Beaver Creek Resort, Breckenridge and Eagle County, Colorado.

Brokerage 106
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Real Estate Data Services and Image Analysis

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: RealStaq.]. RealStaq provides the systems and data building blocks required to develop and sustain scalable home shopping, renovating, and mortgage financing experiences. It licenses APIs that enable standardized compliant display of MLS data nationwide with 100% cross-referencing to all tax recorder, assessor and dozens of other relevant data sets.

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Refinance for home improvements: 5 Renovation loans

The Mortgage Report

Refinancing can be a great way to pay for home improvements, whether you use a cash-out refi or a renovation refinance loan. Explore your options here.

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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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COVID Protections Continue, FHFA Extends Multifamily Forbearance Deadline

RIS Media

Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, according to the Federal Housing Finance Agency (FHFA). However, this will be subject to the continued tenant protections FHFA has imposed during the pandemic. This marks the fourth extension of the programs, previously set to expire Sept. 30, 2021.

Finance 98
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How to Write Inspiring Real Estate Listing Descriptions

McKissock

[link]. At some point in your real estate career, you’re going to need the ability to write inspiring real estate listing descriptions to sell properties fast. Being a real estate agent requires you to be a great seller and one of the first impressions potential buyers will have of you is the real estate listing descriptions you write for your properties.

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How Much to Offer on a House: Should You Go Below or Above Asking Price?

Realtor.com

How much should you offer on a house? Here's how to figure that out, based on whether you're in a buyer's or seller's market, and more. The post How Much to Offer on a House: Should You Go Below or Above Asking Price? appeared first on Real Estate News & Insights | realtor.com®.

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Is It Worth Having Liability Insurance For Apartment Renters?

Realty Biz

Being a tenant, it’s natural to wonder whether or not you would need liability insurance. Well, your landlord might not require you to purchase one of these policies. However, it pays to have such a protective policy in place. The reason is that an apartment renter’s policy can financially cushion you against catastrophic damage to the house. Besides, you would remain financially secure against potential legal liabilities.

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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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How to Get Back Into a Career in Real Estate After a Hiatus

RIS Media

People move in and out of their real estate careers for a variety of reasons. Some spouses may move to support a partner’s career and choose not to launch in their new market. Some parents may choose to stay at home with their children during their preschool years. Maybe you left to work in a different field, to obtain your college degree, to spend time traveling or to pursue personal interests.

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How Much Are Closing Costs? Plus: How to Avoid Closing Costs

Realtor.com

Closing costs are fees that lenders charge a borrower or home buyer to acquire a mortgage loan. They typically total 2% to 7% of a home's purchase price. The post How Much Are Closing Costs? Plus: How to Avoid Closing Costs appeared first on Real Estate News & Insights | realtor.com®.

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Study proves natural light – or smart windows – reduce stress and anxiety

Realty Biz

Homeowners can reduce anxiety and stress and even improve their sleep by letting more natural light into their homes, a study has found. A peer-reviewed paper published in the International Journal of Environmental Research and Public Health explains that increasing the amount of daylight into a home can have positive impacts on the occupant’s circadian rhythm, and help improve their vitality and mental health, and allow them to sleep better at night.

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How Do Rats Get in Your House? 6 Things Attracting Rats to Your Home (Some of Them Will Surprise You)

Realtor.com

Nobody wants rats in or around their house. But are you unwittingly presenting your home as a rat Airbnb? Here's what attracts rats. The post How Do Rats Get in Your House? 6 Things Attracting Rats to Your Home (Some of Them Will Surprise You) 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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5 Ways to Maximize Your Social Security Payments

RIS Media

TNS—Social Security provides a secure, fixed income to retirees and others, helping many to afford their golden years. Given the fact that you get reliable money for the rest of your life, many people want to max out their monthly check. But how do you do that? Broadly speaking, you have three levers to max out your Social Security income: – Work longer.

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Massive Homes, Mini Prices: The 10 U.S. Cities With the Most Affordable Mansions

Realtor.com

“Affordable mansion” may seem like an oxymoron, but even with skyrocketing home prices, there are still bargains to be had. The post Massive Homes, Mini Prices: The 10 U.S. Cities With the Most Affordable Mansions appeared first on Real Estate News & Insights | realtor.com®.

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A Bed Stuy Homeowner Makes a Plasterwork Palace Her Own

Brownstoner

Shelley Victory gestured into the front parlor of her limestone townhouse, whose walls and ceilings are covered with elaborate plaster relief decoration in varying states of repair, from nil to perfection. “Look at this plasterwork!” she exclaimed. “Isn’t it obnoxious?”. She doesn’t mean obnoxious in a pejorative sense, of course.… Read More > The post A Bed Stuy Homeowner Makes a Plasterwork Palace Her Own appeared first on Brownstoner.

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Fall Family Activities for All Social Distance Levels

RIS Media

Autumn is a wonderful season to focus on family time. From rainy days spent indoors to outside family activities, there’s a lot of options when it comes to carving out time for new traditions. . Social distancing can make planning out your autumn a little more difficult, but thankfully there are some great fall family activities no matter what your social distancing preference might be this year.

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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.