Housing Wire
SEPTEMBER 11, 2020
There are 3.7 million U.S. homeowners with mortgages in forbearance this week, down 22% from May’s peak of 4.7 million , Black Knight said in a report on Friday. The total weekly drop was 66,000 loans, a slower pace than the decline of 150,000 in the prior week, the report said. Measured as a share of all mortgages, 7% of home loans are in forbearance, down from 7.1% in the prior week, Black Knight said.
Keeping Current Matters
SEPTEMBER 11, 2020
Some Highlights. With remote learning sweeping the nation this academic year, organized spaces with enough room for kids to learn effectively are high on buyer wish lists. If you’re trying to make room for your family’s growing needs, multi-purpose rooms and dedicated workspaces may be features to consider in your next home. Reach out to a local real estate professional today so you can find a home where your kids feel confident and comfortable too.
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Housing Wire
SEPTEMBER 11, 2020
Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% to 120.9 last month, the lowest since March 2014, indicating stricter requirements to get loans. The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression.
Eye on Housing
SEPTEMBER 11, 2020
Prices paid for goods used in residential construction continued their upward trend in August, increasing 0.9% (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. It is the fourth consecutive monthly increase since the index declined three months straight and brings the index back to its pre-pandemic level.
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Housing Wire
SEPTEMBER 11, 2020
Real estate agent safety has been a concern for years, as the job requires showing empty homes or homes occupied by others, and meeting new people, often alone. As September is Realtor Safety Month, the National Association of Realtors has released its 2020 Member Safety Report. According to the report, 31% of Realtors said they feel unsafe during an open house or showings, and 27% said they feel unsafe when meeting a new client for the first time at a scheduled location or property.
Realtor.com
SEPTEMBER 11, 2020
Homes of Distinction, Inc./Houzz A change in seasons usually feels like the right time to make other changes, too—like updating your space to fit your needs, and creating the perfect interiors you actually want to spend time in. So as we approach the official start of autumn, we thought we’d help you get started with those changes by providing some design inspiration.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
The Mortgage Report
SEPTEMBER 11, 2020
Certain mortgage programs are designed to get lower credit applicants into homes. Find out which programs you should target as a home buyer with a low score.
Housing Wire
SEPTEMBER 11, 2020
Exactly one week after Ellie Mae was officially acquired by Intercontinental Exchange , Ellie Mae president and CEO Jonathan Corr announced his retirement on Friday, and announced that the company’s chief operating officer, Joe Tyrrell, would succeed him as president of ICE. Though his retirement is effective immediately, Corr said he will be supporting Tyrrell in an advisory role through the end of the first quarter.
REM Online
SEPTEMBER 11, 2020
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Second homes and the principal residence tax exemption. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. From what I have read, the demand for cottage properties has soared during COVID-19.
Housing Wire
SEPTEMBER 11, 2020
The second quarter was a tough one on iBuyers, as only 0.1% of the homes sold across 418 metros — only 880 homes total — were purchased by top iBuyers Redfin , Zillow , Opendoor and Offerpad , according to a report by Redfin. That’s a drop of 88% compared to Q2 last year. It also represents the smallest number of properties purchased by iBuyers since Q1 2017, Redfin said, with iBuyers spending $195 million in Q2, compared to $1.6 billion Q2 2019.
Advertiser: Trellis
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.
App Folio
SEPTEMBER 11, 2020
Regular inspection of your rental properties is vital. If you don’t conduct inspections often enough, you may miss some potentially serious and costly problems that could have otherwise been avoided. However, if you carry rental inspections out too often, you could risk souring the relationship with your residents, which could lead to increased churn.
Housing Wire
SEPTEMBER 11, 2020
Opendoor , the largest instant home buying platform in the country, could debut on the public market at a $5 billion valuation, according to a new report. Chamath Palihapitiya’s Social Capital is in talks to use one of his blank-check companies, Social Capital Hedosophia Holdings Corp. II, to merge with Opendoor and take it public, according to Bloomberg.
Realtor.com
SEPTEMBER 11, 2020
Jack Mitchell/Getty Images | realtor.com After landing on the market in April for a whopping $47.5 million, El Solano, the massive Palm Beach, FL, estate once owned by the musical legend John Lennon and his wife, Yoko Ono , is currently under contract, the Palm Beach Daily News reported. The couple bought the retreat for $725,000 back in 1980. Yes, that was 40 years ago, but that’s still quite an appreciation in value.
Housing Wire
SEPTEMBER 11, 2020
Zillow and Redfin are among the companies that are signing on to The Board Challenge, a pledge to add a Black member to their board of directors within one year. Rolled out this week , the Board Challenge is part of a movement to increase diversity and inclusion since the death of George Floyd at the hands of police officers in Minneapolis in May. “The perspectives and ideas we listen to, and the voices we elevate, will determine the future of our industries, our companies, and ultimately our wo
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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.
The Close
SEPTEMBER 11, 2020
If someone walked into my office 10 years ago and told me that someday real estate agents would have chatbots screening their leads online, I would have laughed in their face. Well, I would have probably asked them if they needed an apartment in the East Village before they could even open their mouth, but yeah, I wouldn’t believe them. Of course, today, along with virtual staging and 3D tours, real estate chatbots seem to be everywhere.
Housing Wire
SEPTEMBER 11, 2020
As the mortgage industry continues to navigate record-low interest rates in the midst of a pandemic, many companies are seeing tech opportunities, and rising up to modernize outdated processes in order to keep up with demand. “For [mortgage servicers and lenders], demands for technology responsiveness and capabilities are at an all-time high,” said Jane Mason , Clarifire founder and CEO of and a 2019 HousingWire Tech Trendsetter.
Coldwell Banker
SEPTEMBER 11, 2020
Building an Audience through Authenticity and Creativity. The post Social Media Innovators: Deb Cohen and The Front Door Project appeared first on Coldwell Banker Blue Matter.
Housing Wire
SEPTEMBER 11, 2020
Mortgage platform SimpleNexus has tapped Cathleen Schreiner Gates to become its next company president. Schreiner Gates, a technology veteran with more than three decades of experience, joined SimpleNexus’ board of directors in April 2020. Between 2015 and 2019, she served as executive vice president of sales and marketing at cloud-based mortgage technology provider Ellie Mae.
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.
Boom Town
SEPTEMBER 11, 2020
By now, many of us have settled into the continuous shifts of 2020. Hopefully you’ve learned to take it in stride and adjust your business model when necessary in order to continue hitting your goals each month. As we rapidly cruise towards Q4, I wanted to share some insights from my digital marketing and data teams here at BoomTown to help you move your real estate business forward confidently and strategically.
Brownstoner
SEPTEMBER 11, 2020
This week’s open houses include three row houses and one standalone, all with a bit of original detail. Located in Park Slope, Ditmas Park, Prospect Lefferts Gardens and Flatbush, they range in asking price from $1.295 million for a limestone in Flatbush to $2.495 million for a brick row… Read More > The post A Standalone With a Garage in Ditmas Park and Three More to See, Starting at $1.295 Million appeared first on Brownstoner.
Waterfront Properties
SEPTEMBER 11, 2020
Take your boat to the movies. This Saturday, September 12th the Futures Recovery Healthcare partnered with the Jupiter Pointe Club and Marina for the first local boat-in movie theater. The event is to honor the second annual Jupiter Recovery Day. Jupiter Recovery Day is an annual event founded by the Tequesta based Futures that honors and celebrates recovery from mental health and substance use disorders in the local community.
Lab Coat Agents
SEPTEMBER 11, 2020
We’re entering the final quarter of the year and the time when everyone considering making a switch does the broker shuffle. People have determined their current broker home doesn’t have what they need to reach the next level in their career and so they start eyeing the door. . One of my early business mentors told me “ take the interview ”. Scott H.
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.
Better Dwelling
SEPTEMBER 11, 2020
“It’s pent-up demand, bro – the market’s recovered” is one of the most common things I hear these days. Unfortunately, most people parroting the words don’t actually understand what they’re saying. Pent-up demand means a temporary surge of buying activity, that falls when demand catches up. Temporary being the key word. Under normal circumstances, this […].
Realtor.com
SEPTEMBER 11, 2020
realtor.com Built in 1893, a church in Vermont has undergone a remarkable home renovation. The residence with a religious past made quite an impression with home hunters, easily becoming the most popular listing of the week on realtor®.com. The bright blue house is airy, roomy, and remarkably cozy, considering its original dimensions, and could be customized to accommodate work, home, and even school life—an especially sacred option these days for families stuck at home.
RISMedia
SEPTEMBER 11, 2020
Are you interested in finding a rent-to-own home? Making the jump from renting to owning a house can be difficult. Finding the large amount of cash for the down payment isn't normally easy when you have rent to pay. But what if you could rent to own instead? Related: Green Updates That Add Value to […]. The post How to Find Rent-to-Own Homes appeared first on RISMedia's Housecall.
Realtor.com
SEPTEMBER 11, 2020
Chris Hyde/Getty Images | realtor.com PGA golfer Stewart Cink is swinging for a sale of his perk-packed, country club estate in Duluth, GA. He’s asking $3,995,000 million for the custom home. The one-of-a-kind, European-style construction is located in the exclusive enclave and gated community of the Sugarloaf Country Club. Cink purchased the property in 2002 for $425,000.
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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.
Brownstoner
SEPTEMBER 11, 2020
In the News After 43 Years, the Wine Sentinel of the River Cafe Stands Down [NYT] De Blasio Vows Indoor Dining Shutdown if Infection Rate Hits 2 Percent [NYP] Heights Could Be Model for Tree Support in Brooklyn [Eagle] Lawsuit Aims to Shut Down School for at-Risk Teens in Midwood [BP] Cyclist Killed by Driver… Read More > The post Daily Links: Clothing Retailer Century 21 Files for Bankruptcy, Will Close Stores in Brooklyn appeared first on Brownstoner.
Realtor.com
SEPTEMBER 11, 2020
Lachlan Cunningham/Getty Images | realtor.com It looks like the luxury real estate market is still hot in the San Francisco Bay Area. NBA forward Andre Iguodala , previously with the Golden State Warriors and now attached to the Miami Heat , has let go of his mansion in Lafayette, CA. Designed by architect Ken Hertel , the Tuscan-style build was sold in just six weeks.
Better Dwelling
SEPTEMBER 11, 2020
Greater Vancouver detached real estate sales are still enjoying the delayed spring rush this summer. Real Estate Board of Greater Vancouver (REBGV) data shows detached sales had the biggest August since 2015. Prices are also seeing growth accelerate as well, but higher inventory levels mean it’s nowhere near as tight as half a decade ago. […].
Realtor.com
SEPTEMBER 11, 2020
Zeke Ruelas Many homeowners harbor a fantasy of buying a house that’s a dud, taking it down to the studs, and transforming it into a masterpiece of their own design. But is the process really as glamorous as it sounds? Anne Carr , a home stager and interior designer in Los Angeles, has some idea. Her third and latest flip is a home in the upscale neighborhood of Brentwood, just outside the bustle of Sunset Boulevard, in Los Angeles.
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.
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