Thu.Jul 29, 2021

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Susan Rice to co-chair HUD appraisal task force

Housing Wire

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. A former national security advisor in the Obama administration, Rice now chairs President Joe Biden’s Domestic Policy Council , which has broad authority to further the president’s domestic agenda.

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Home Sellers: There Is an Extra Way To Welcome Home Our Veterans

Keeping Current Matters

Some veterans are finding it difficult to obtain a home in today’s market. According to the National Association of Realtors (NAR): “Conventional conforming mortgages (mortgages that conform to guidelines set by Fannie Mae and Freddie Mac), accounted for 74% of mortgages obtained by homebuyers in May 2021, an increase from about 65% during 2018 through 2019… The share of VA-guaranteed loans has also decreased to 7% in May 2021 from about 10% in past years.”.

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How Delta variant may impact housing market

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal. He also addresses how he foresees the Delta variant impacting the housing market.

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Getting Ready to Buy a Home? Ask Yourself These Questions First

Lighter Side of Real Estate

When you buy a home, you want to make sure you’re ready and prepared. And the best way to do that? Asking yourself the right questions. A recent video from realtor.com outlined key questions potential buyers should consider before purchasing a home, including: Will I qualify for a mortgage? The last thing you want is to find your dream home—only to find out you don’t qualify for the mortgage you need to buy that home.

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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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Pending home sales dip as “seesaw” market continues

Housing Wire

Following a robust May, pending home sales declined in June. Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. The overall pending home sales index fell 1.9% to 112.8 in June, according to the National Association of Realtors , which tracks the metric.

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Risks of nonbank mortgage sellers and servicers revisited

Housing Wire

An op-ed I wrote that appeared recently in HousingWire on the nature of nonbank mortgage company risks and Ginnie Mae ’s proposal to impose risk-based capital and liquidity requirements on their issuers highlighted nonbank lighter safety and soundness regulation as a concern for generally higher risk profiles of these firms relative to depositories. .

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Tax Advantages of Owning a Home

Maximum Exposure Real Estate

Tax Advantages That Come From Homeownership Do you know the tax benefits of owning a home? Over my three decades of selling real estate, lots of renters have asked me this question. It has long been understood that there are considerable financial benefits to owning a home. You are paying money into an actual investment […]. The post Tax Advantages of Owning a Home appeared first on Massachusetts Real Estate Exposure.

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Mortgage rates creep up slightly to 2.80%

Housing Wire

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. According to Sam Khater, chief economist at Freddie Mac, while there is some uncertainty about the Covid-19 Delta variant, the housing market is still enjoying record low rates.

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What to Know About Closing on a Home

Point2Homes

Image: Friends Stock / Shutterstock.com. As you plan to purchase your first home, you might find that there are a few stressful aspects of the homebuying process that can make or break your purchase: One is when you first apply for a mortgage and another is when you close on a house. However, following some simple guidance from your real estate team — including your real estate agent and mortgage lender — will help ensure a smooth transaction.

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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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Ginnie Mae should protect smaller issuers

Housing Wire

Earlier this month, Ginnie Mae proposed significant increases in financial requirements for independent mortgage bank issuers and a new bank-like risk-based capital requirement. The Community Home Lenders Association (CHLA) acknowledges that Ginnie Mae has a responsibility to monitor the risk of its issuers. But, as the only national organization exclusively representing IMBs, CHLA is concerned that these changes could reduce access to mortgage credit, disproportionately affect smaller issuers,

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Home as Oasis | 6 Nature-Inspired Trends to Incorporate Into Your Design

Sotheby's International Real Estate

Auckland, New Zealand | Pene Milne, New Zealand Sotheby’s International Realty. A home is much more than a place to rest your head at night—it’s a personal sanctuary and the starting point for everyday living. With the hustle and bustle of modern life, it’s no wonder nature-inspired décor is appearing in luxury homes across the country. This approach to interiors mimics the hues, textures, and materials of the outdoors, and helps to recreate the feeling of peace often inspired by a walk i

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Kudos: Houston-area Realtor plans to build community center, family park

Housing Wire

Texas-based Realtor Jordan Schilleci with her clients at Chicago Title for closing. While selling homes as a real estate agent in Spring, Texas, which is located in the Houston metro area, Jordan Schilleci felt something was missing — a place for people to gather and spend time together, like a recreation or community center. Such a place could be popular, especially following the lockdowns seen throughout the state as a result of the COVID-19 pandemic, Rather than wait for someone else to take

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Housing Nearly 17% of GDP

Eye on Housing

Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory. Housing will continue to expand in 2021, although as the rest of the economy recovers, the.

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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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United RE Q2 explosive growth driven by tech, low-fee+ brokerage model

Housing Wire

After spending a decade building a proprietary technology and productivity platform, United Real Estate Group is seeing its growth explode, according to Q2 2021 earnings report. Is technology finally providing the key to success? In the past, when brokers thought about low-fee brokerage firms, they thought of low service. But, there’s a new breed of low-fee brokerage (not to be confused with a discount brokerage which offers a low commission to buyers and sellers), that is a hybrid between

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The Most Important Repairs Sellers Should Make for Buyers

Homes.com

Repairs can boost home salability, but not all are worth the time or expense. What are the most important repairs sellers should make? Analyst Steve Cook explores. The post The Most Important Repairs Sellers Should Make for Buyers appeared first on Homes.com.

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Shadowmap shows where the sun and shadows are at any property, any time

The American Genius for Real Estate

(TECHNOLOGY) It seems like such a small detail, but for a client desperate to know where the sun and shadows are for energy efficiency, gardening, or what have you, Shadowmap is your tool for an immediate answer. The post Shadowmap shows where the sun and shadows are at any property, any time appeared first on The American Genius Real Estate.

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Real Estate Investors Bumping Buyers in 31 Top Markets

RIS Media

Are real estate investors creating excessive competition amid the inventory shortage? According to a new report from realtor.com®, some markets are being hit hard by investor activities, while others are benefitting. According to the data, investors are worsening the inventory shortage in 31 of the top 50 U.S. markets. In about 19 markets, however—including Atlanta, Dallas, Baltimore, Los Angeles and San Francisco—they are actually helping to replenish the number of homes for sale. “Today&

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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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Canadian Shelter Data Doesn’t Reflect The Reality of Home Prices: BMO

Better Dwelling

Never has it been so obvious that government data on housing costs don’t reflect the cost of buying. Home prices are on a tear, and while CPI’s shelter component is high, it’s miles away from soaring home costs. That’s because of the way it’s measured, says BMO chief economist Douglas Porter. Here’s his breakdown on […].

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United Real Estate Group Reveals Mid-Year Performance Data

RIS Media

Company reports record-setting results, including a 567% YTD increase in agent commissions earned. United Real Estate Group announced today better-than-guidance performance for all key financial and operational performance indicators across each of its business units through June 30, 2021. In addition, the company successfully completed the post-merger operational integration and initial Bullseye Agent and Brokerage Productivity Platform technology rollout to recently merged companies, resulting

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Frenzy Monitor

BubbleInfo

The total number of pendings have been rapidly descending with frenzy-escrows closing out. But new listings should taper off from now on, so we’ll see which drops faster: NSDCC Actives and Pendings Town/Area Zip Feb 2nd May 12 May 26 Jun 9 Jun 23 Jul 14 Jul 28 Cardiff 92007 11/16 9/12 10/11 8/14 10/11 […].

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Credit Applications Nearly Reach Pre-Pandemic Levels

RIS Media

Consumer applications for auto loans, new mortgages and revolving credit cards had mostly returned to pre-pandemic levels by May 2021, according to the Consumer Financial Protection Bureau (CFPB). The CFPB says prime and near-prime consumers are driving this recovery. Key findings: – New mortgage credit inquiries experienced a smaller drop in March 2020 compared to other types of inquiries and then surged. – Inquiries have subsequently exceeded their usual, seasonally adjusted volume

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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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Top 4 Safety Hazards Around the House and How to Address Them

Fancy Pants Homes

Your home should be a place that shelters you from all the dangers of the outside world. A retreat meant for comfort, relaxation, and for spending quality time with the people (or pets) that you love most. But even the coziest of homes can pose accident risks. Luckily, as opposed to the world around us, a home’s potential safety hazards are well-known — which means you can address them in time and make sure you’re not taking any unnecessary risks that could end up hurting you o

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FHFA Applies ’30-Day Notice’ for Renters at Risk of Evictions

RIS Media

Landlords looking to evict tenants who are behind on their rent will need to give them a month to move out if their property is backed by Freddie Mac or Fannie Mae mortgages, according to new rules implemented by the Federal Housing Finance Agency (FHFA) on July 28. The breakdown: – The Centers for Disease Control and Prevention (CDC) eviction moratorium expires on July 31, 2021. – The FHFA’s 30-day requirement applies to all Fannie and Freddie multifamily properties, regardles

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Mortgage and refinance rates today, July 29, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But such a tiny rise is likely to make little material difference to your monthly payment or closing costs. […].

Mortgages 105
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Real Estate Recovery: Economic Factors to Watch

RIS Media

The real estate industry is unlike any other, exemplified through the market’s resilience during this pandemic while the overall economy was hit hard. However, much of real estate hinges on overall recovery, and there are several economic factors you’ll want to keep an eye on: The Delta Variant. Concerns over COVID-19 variants, particularly the highly infectious Delta strain, have begun cropping up, especially in areas with low vaccination rates where the virus has taken hold.

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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.