Tue.Oct 05, 2021

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The Main Key To Understanding the Rise in Mortgage Rates

Keeping Current Matters

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac , explains: “Mortgage rates rose across all loan types this week as the 10-year U.S.

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Study: 24% of sellers received four or more offers in 2021

Housing Wire

Nearly one quarter of U.S. home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. The rise in the number of homes that received multiple offers is reflected in the increased frequency of bidding wars in 2021. Typical sellers received two offers, which is the same as the past three years.

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Property Taxes by State – 2019

Eye on Housing

Property taxes vary widely across states both in terms of annual taxes paid as well as effective tax rates. In 2019, the difference between average real estate taxes paid by New Jersey and Alabama home owners was $7,974. New Jersey continued its perennial distinction as having the highest average real estate tax bill per home owner ($8,687) as well as.

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Redfin allows buyers to tour homes without an agent

Housing Wire

Homebuyers in 22 U.S. markets are now able to tour vacant homes listed on Redfin with or without a real estate licensee through the brokerage’s “ Direct Access ” home tour feature. The expansion of this service was announced on Tuesday. Redfin first launched Direct Access in April 2020 and over the past 18 months its service has expanded to 10 additional metropolitan areas, including Austin, Orange County, Seattle, San Francisco, Las Vegas, Denver, Dallas, Boston and Phoenix.

Agents 389
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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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Inside a Light-Flooded Oasis in TriBeCa

Sotheby's International Real Estate

Significant design from two centuries—the 19th and 21st—combine in this bright, sophisticated home in a historic building on an iconic cobblestone street in the dynamic neighborhood of TriBeCa. New York, New York | Juliette R. Janssens & Allison B. Koffman, Sotheby’s International Realty – East Side Manhattan Brokerage. Architect Charles C.

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Credit reporting firms UniversalCIS and Credit Plus merge

Housing Wire

UniversalCIS and Credit Plus , firms that provide credit reports, income verification and related solutions to mortgage lenders, today announced a merger they claim will make them the largest in the sector. As a result of the merger, the companies will combine their leadership teams. UniversalCIS Chairman Perry Steiner will become Chairman and CEO of the company, Jerry Haftmann will become vice chairman and Credit Plus’ CEO Greg Holmes will be the new company’s chief revenue officer.

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How lenders can turbocharge mortgage operations for today’s home buyers

Housing Wire

For lenders, the past few months have been placed a strong emphasis on purchase originations. In light of this, HousingWire sat down with Saleforce’s Global Head for Mortgage and Lending, Geoff Green, to learn how lenders can better turbocharge mortgage for today’s home buyers. HW: What are some challenges lenders are facing when it comes to streamlining loan applications, particularly in this heavy purchase environment?

Mortgages 256
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A third of homeowners would rather sell than fix foundation issues

Realty Biz

Repairing foundations doesn’t come cheap, so it’s hardly a surprise to learn that homeowners are generally worried about any damage that may lead to problems such as subsidence. A new survey by the foundation services firm Groundworks found that 78% of the 978 homeowners it quizzed are concerned about the state of their homes’ foundations. That’s a surprisingly high number, and it may well be because a large proportion have already had to deal with some kind of foundational damage already.

As-is 101
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Nine ways to lower your monthly mortgage payment

The Mortgage Report

A lower monthly mortgage payment can free up your budget and save you thousands long-term. Here are 9 ways to lower your mortgage payments now.

Mortgages 115
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San Diego Pricing Momentum

BubbleInfo

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Speaking of Zillow, they also said in this June article that San Diego home prices would rise 24.7% by May. How are we doing? There has never been a great measuring stick for home prices, but let’s look at the most common ones: Yikes – it looks like home prices have been fairly flat […].

Sales 101
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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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Over 37,000 People Left Ontario For Other Provinces, And Here’s Where They Went

Better Dwelling

Ontario residents are leaving the province, but where are they heading? Statistics Canada (Stat Can) interprovincial migration data for Q2 2021 shows out West, mostly. Here’s where people fleeing Ontario have been heading during the pandemic. Ontario Lost Over 37,000 People To Other Provinces In Just A Quarter Ontario residents have been moving in unusually […].

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Medalist Golf Club – Hobe Sound

Waterfront Properties

Medalist Golf Club, located in Hobe Sound, provides an exceptional golfing experience paying homage to the finest traditions of the game. Founded by Greg Norman and Pete Dye in 1995, it is in the Top Ten in Florida by Golf Digest and in the Top 100 in the United States by both Golf Magazine and Travel amp; Leisure Golf. The course designers are Pete Dye, Greg Norman, and Bobby Weed.

Design 98
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How to Guide Millennial Buyers in the Current Market

RIS Media

We’ve all seen the headlines. Millennial buyers are being squeezed out of the market as prices continue to climb. While the recent data showing consistent price gains supports that thesis thus far, experts believe it also gives way to a potential opportunity for buyers who currently make up the largest cohort in the market, according to reports from the National Association of REALTORS®. “For millennials and other first-time buyers, today’s markets are signaling a return toward

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Mandel Public Library – West Palm Beach

Waterfront Properties

The Mandel Public Library in West Palm Beach is going to make sure students are set up for success. The library is offering free tutoring sessions to kids in grades K-12 for math, science, reading, and more. The Mandel Public Library Director, Lisa Hathaway said, “The Mandel Public Library’s tutoring and homework help program is always one of our top programs.

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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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Thank You Orange County for Voting First Team “Best Real Estate Company” For the 12th Consecutive Year!

First Team Real Estate

The results are in for the 2021 OC Register’s annual Best of OC poll and for the 12th consecutive year, First Team Real Estate has been recognized by thousands of voters as the “Best Real Estate Company” in Orange County. A chance for Southern Californians to recognize and brag about their favorite restaurants, services, and experiences Orange County has to offer, our ranking in Best of OC is a testament to the outstanding work of our agents , providing unmatched customer service and market resu

Agents 98
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Considering Cutting Back Homeowners Insurance Coverage to Save? Press Pause on That

RIS Media

If money is running tight and you’re looking for ways to cut back, you may be tempted to cut into your homeowners insurance coverage. This could be a mistake. If you don’t have adequate coverage and your house gets damaged or destroyed, or someone gets seriously injured on your property, you may be on the hook for hundreds of thousands of dollars.

Agents 97
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How to Buy a House: Steps to Buying a House for the First Time

Realtor.com

Whether it's your first time in the real estate market or you're an experienced homeowner, this is everything you need to know about how to buy a house. . The post How to Buy a House: Steps to Buying a House for the First Time appeared first on Real Estate News & Insights | realtor.com®.

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James Caicco’s secret to success: Provide value to your agents

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: James Caicco’s secret to success: Provide value to your agents. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Every year, broker of record James Caicco of Century 21 Choice Realty in Sault Ste.

Agents 97
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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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Cybersecurity Awareness Month: Protect Against Fraud

RIS Media

This October, the National Association of REALTORS® (NAR) is again recognizing Cybersecurity Awareness Month and the critical importance of protecting Americans’ data and sensitive information from fraud. Real estate fraud is one of the nation’s most prevalent forms of cybercrime, with REALTOR® associations and Multiple Listing Services being among criminals’ latest targets.

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Mortgage and refinance rates today, Oct. 5, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. That was a pleasant surprise. Because it had looked likely that they’d rise earlier that day. This morning, markets […].

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First African American, Female-Owned Century 21 Company in Charlotte

RIS Media

Arica Rucker, local entrepreneur, influencer and broker/owner of Rucker Real Estate Inc., recently announced that she has chosen to affiliate with Century 21 Real Estate LLC and will do business as CENTURY 21 Rucker Real Estate throughout North and South Carolina. “We value and appreciate the trust that the people and businesses in Charlotte and throughout the surrounding areas have given us, and our affiliation with CENTURY 21 will allow us to go to the next level of service excellence as

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Buying a House With Cash? Don’t Forget These Closing Costs for Cash Buyers

Realtor.com

Closing costs for cash buyers? How much are closing costs on a cash deal anyway? That's right: Don't forget about closing costs when paying cash. The post Buying a House With Cash? Don’t Forget These Closing Costs for Cash Buyers 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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Teams: 4 Methods to Coach Your Agents to Win More Listings

RIS Media

Every agent on your team should know your unique and exclusive value proposition and, more importantly, be able to communicate it effectively to win listing appointments every time. We know there are many components to a marketing presentation (or listing presentation), and how your team members deliver your unique message during these presentations means either winning or losing the opportunity.

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Exclusive: The Stars of ‘Curb Appeal: Xtreme’ Reveal What Your Yard Needs This Fall

Realtor.com

Hosts of HGTV's "Curb Appeal Xtreme" Jamie Durie and Rachel Taylor talk about top yard trends and share behind-the-scenes secrets from the show. The post Exclusive: The Stars of ‘Curb Appeal: Xtreme’ Reveal What Your Yard Needs This Fall appeared first on Real Estate News & Insights | realtor.com®.

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Is Strong Equity Enough to Hold Back Foreclosures?

RIS Media

The Data & Analytics division of Black Knight, Inc. released its latest Mortgage Monitor Report , exploring the relationship between equity positions and downstream foreclosure start rates and, ultimately, distressed liquidations. According to Black Knight Data & Analytics President Ben Graboske, the data suggests that the healthy stores of equity in the hands of homeowners currently in forbearance may not be sufficient on its own to ward off foreclosure activity. “An analysis of

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Canadian Real Estate Is Likely To Be Contained By Rising Rates and The BoC: BMO

Better Dwelling

Canadian real estate is in for a short-term boost, but market factors are likely to cool demand. BMO‘s Robert Kavcic’s latest research note covered Toronto real estate’s September boom. The bank’s senior economist sees a short-term boost to demand, as conditions tighten. This should be tempered by a rising rate environment in the not-so-distant future. […].

Banks 89
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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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A “European” Vacation in the U.S

RIS Media

If you’re not yet ready to travel abroad, consider a road trip to a cultural destination that may feel as though it is a world away, even though it’s not that far from your doorstep. Holland, Michigan. Explore the Windmill Island Gardens, ride a Dutch carousel and stop in at the Wooden Shoe and Delftware Factory for traditional Dutch pottery and more.

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Are Basements Included in Square Footage?

Realtor.com

Are basements included in square footage? Here's what to know, plus how a basement affects your mortgage, home value, and more. The post Are Basements Included in Square Footage? appeared first on Real Estate News & Insights | realtor.com®.

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Becoming a Champion of Green and High-Performance Homes

RIS Media

Introducing the 2021 EverGreen Award Winners. As most real estate professionals know, the business extends beyond transactional relationships with buyers and sellers. Professionals working in the industry need to immerse themselves in their communities and be mindful of shifts in the market as well as consumer tastes and preferences. Further, they should strive to serve clients by being knowledgeable about emerging technologies in green housing and high-performance homes.

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Brooklyn Real Estate Six Months Later: Three Sold, One Off the Market

Brownstoner

This week, our look back at four of our featured listings from six months ago focuses on homes in Cypress Hills, Midwood, Flatbush and Crown Heights. How did they fare? Starting us off, with a sunken living room and arched openings, is a two-bedroom in Midwood that has a bit… Read More > The post Brooklyn Real Estate Six Months Later: Three Sold, One Off the Market appeared first on Brownstoner.

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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.