Housing Wire

NOVEMBER 4, 2021

The average 30-year-fixed rate mortgage dropped to 3.09 % during the week ending Nov. 4, down from 3.14% the week prior , according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.78 %. Most economists believe mortgage rates will climb following as the Federal Reserve tightens monetary policy. The central bank’s Federal Open Markets Committee announced on Wednesday that it will begin to taper its monthly asset purchases starting in Novembe

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Fixed-rate mortgage Mortgages Banks Industrial 437

Keeping Current Matters

NOVEMBER 4, 2021

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen. There are fewer homeowners in trouble this time. After the last housing crash, about 9.3 million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank.

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Short sale Equity Sales Banks 252

Housing Wire

NOVEMBER 4, 2021

For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. “The construction industry needs more than 61,000 new hires every month, if we are to keep up with both industry growth and the loss of workers either thr

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Construction Renovation New Construction Development 525

Better Dwelling

NOVEMBER 4, 2021

It’s not just Toronto or Vancouver real estate. Canadian home prices have risen so fast, they’re no longer affordable for Canadians in general. The Desjardins Affordability Index (DAI) shows housing became less affordable in Q3 2021. Falling incomes and rising home prices combined to create a national affordability crisis. The financial institution doesn’t see much […].

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As-is 123

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Housing Wire

NOVEMBER 4, 2021

Rocket Companies , the parent of Rocket Mortgage, generated a whopping $1.4 billion in net income in the third quarter, up from $1 billion the previous quarter. According to the company’s earnings released on Thursday, Rocket originated $88 billion in mortgages, with a net-rate lock close to $87 billion in the third quarter. Rocket’s gain on sale margin rose by 27 basis points to 305 bps, a significant leap from 278 bps in the second quarter.

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Mortgages Loans Closing Technology 382

Eye on Housing

NOVEMBER 4, 2021

An earlier post revealed that 66% of buyers who were actively engaged in the process of finding a home in the third quarter of 2021 have spent 3+ months searching for a home without success. For only the third time in this series history, the top reason these long-time searchers haven’t pulled the trigger is not because they can’t find.

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The Mortgage Report

NOVEMBER 4, 2021

FHA loan requirements are more lenient than most other loan programs. That means you can buy or refinance a house more easily. Here's how.

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FHA loan Loans Mortgages 122

BubbleInfo

NOVEMBER 4, 2021

The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Given how inventory has been dropping significantly, it is impressive how many pendings there are: We had 400+ pendings from June 22nd to November 30th last year – with a […].

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Lighter Side of Real Estate

NOVEMBER 4, 2021

There are plenty of things potential buyers are looking for when they evaluate a property. But one thing that’s non-negotiable for many buyers is living in an area where they feel safe. According to data recently outlined in an article in REALTOR® Magazine , 50 percent of recent homeowners ranked crime and safety as the most important factor in determining where they moved—more important than cost of living (43 percent), quality of schools (43 percent), or taxes (34 percent).

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Agents As-is 101

BubbleInfo

NOVEMBER 4, 2021

It happened again yesterday. I got the Dear John letter from a listing agent. This one was somewhat unusual though. I always ask a listing agent how they will handle multiple offers, and 100% of the time it’s some version of spreading them out on the coffee table and picking the winner. But when I […].

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Agents 105

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.

Loans

Sotheby's International Real Estate

NOVEMBER 4, 2021

With temperatures cooling in the northern hemisphere, these incredible leisure spaces will inspire fun well into the winter months. It’s all fun and games when it comes to indoor entertainment—if there’s an incredible recreation space, that is. As we look to spend more time relaxing indoors with family and friends, having an inviting place to play is a worthy asset for endless leisure.

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As-is 101

BubbleInfo

NOVEMBER 4, 2021

From one spectrum to the other – this is literally the least-expensive house in Carlsbad today! if you have vision and can add your own kitchen and bathrooms to create your own masterpiece on a large 7,500sf lot with RV parking at the end of the culdesac, then check out our new listing! [link] Open […].

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Brownstoner

NOVEMBER 4, 2021

This spacious Edwardian floor-through has a verandah, flexible floor plan and details straight out of the "I Remember Mama" era. Located on the second and top floor of a fully detached wood-frame house at 810 East 13th Street in Midwood, the six-room unit can be arranged with two, three or four… Read More > The post Sprawling Three-Bedroom With Dining Room, Porch in Midwood Asks $2,850 a Month appeared first on Brownstoner.

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Marketing 98

Lab Coat Agents

NOVEMBER 4, 2021

I’ve done Facebook ads for years and I have come to the conslusion that seller campaigns just are not effective, and in order to get sellers you have to ask the right questions to buyer leads. For example: If you ask, “Do you have a home to sell,” you may never truly know if they own a home because the question is not asking them that.

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Agents As-is Marketing 98

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Sales

Brownstoner

NOVEMBER 4, 2021

Brownstoner magazine’s Fall/Holiday 2021/22 issue is hot off the presses. Get your hands on a copy and check out: Raymond Codrington, the new director of the Weeksville Heritage Center, speaks about the inspiring Crown Heights institution’s future and its renewed focus on art and community. In Ditmas Park, interior designer Keita Turner… Read More > The post Scoop Up a Copy of Brownstoner Magazine’s Fall/Holiday 2021/22 Issue This Week appeared first on Brownstoner.

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Design 98

App Folio

NOVEMBER 4, 2021

Are you spending too much time managing maintenance requests around the clock? Streamline this process and cut down the time.

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Brownstoner

NOVEMBER 4, 2021

This is the third story in amNewYork Metro’s five-part series examining the proliferation of grocery delivery services across the city — and the impact they’re having on residents and brick-and-mortar business owners alike. Quick-commerce grocery delivery services like JOKR, Gorillas and Fridge No More have flooded New York City’s market this… Read More > The post Bodegas and Small Groceries Fear Business Impact of Increasing Delivery Apps appeared first on Brownstoner.

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Marketing 98

The Mortgage Report

NOVEMBER 4, 2021

Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday, following an important announcement by the Federal Reserve. But the movement was modest. And those rates start today at […].

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Mortgages 93

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.

Agents

Brownstoner

NOVEMBER 4, 2021

When a couple who had been living in a small modern condo carved out of an old building in Prospect Heights went shopping for a more spacious home for their family, which includes two school-age children, "They were open to the same kind of vibe" as existed in their prior space,… Read More > The post The Insider: Smart, Strategic Crown Heights Townhouse Reno Keeps Budget Top of Mind appeared first on Brownstoner.

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Renovation 98

Realtor.com

NOVEMBER 4, 2021

Homeowners who are willing to sell their properties are reaping big profits. Nationally, they made this much off the sale of a typical home. The post Home Sellers Are Still Raking It In—and Here’s Just How Much They’re Making appeared first on Real Estate News & Insights | realtor.com®.

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Sales 99

Brownstoner

NOVEMBER 4, 2021

In the News Fed Announces Plan to Slow Its Bond Buying Program [NYT] Parade to Honor Brownsville and Bed Stuy Veterans [BK Reader] Bed Stuy Girl Scout Disrupts Stigma Around Black Mental Health [BK Reader] 'Very Difficult' Fire Breaks Out on Lenox Road in Flatbush [Patch] Introducing Plantita: Like a Little Free Library, But for… Read More > The post Daily Links: NYC Elementary Schools to Host Vaccine Clinics for Students appeared first on Brownstoner.

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Realtor.com

NOVEMBER 4, 2021

Three times we almost bought a house that would have made our lives worse instead of better. It wound up teaching us patience, and the homebuying process. The post The Biggest Risk in Today’s Crazy Market? Buying a House You Regret appeared first on Real Estate News & Insights | realtor.com®.

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Marketing 97

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.

Agents

Point2Homes

NOVEMBER 4, 2021

Whatever fun adventures you can dream up, this gorgeous Ottawa home for rent is sure to make them happen! Surrounded by calming forest, the property sits on a wonderfully landscaped.058-acre lot and includes many outdoor features like a hot tub, outdoor kitchen and play structure. A lovely porch allows you to enjoy a nice breeze while sipping your morning coffee and a wall of windows in the great room helps bring the outdoors in.

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Design As-is 89

The Mortgage Report

NOVEMBER 4, 2021

Low-income home loans are gaining popularity in today's market. Here's why you can buy a home even if you don't have a sky-high income.

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Mortgages Loans Marketing 100

Better Dwelling

NOVEMBER 4, 2021

Greater Toronto real estate prices were cooling but have reversed course post-election. Toronto Regional Real Estate Board (TRREB) data shows prices surged higher in October. Not a little either, but a typical home saw a monthly increase of nearly a year’s pay at the median wage. Stimulus driven pandemic demand met typical October inventory to […].

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As-is 82

Realtor.com

NOVEMBER 4, 2021

What is an iBuyer? If you're a home seller who wants to sell your home fast, selling to an iBuyer is worth considering. Here are the pros and cons. The post What Is an iBuyer? A Guide to iBuying: The Pros, Cons, and Costs appeared first on Real Estate News & Insights | realtor.com®.

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Agents 87

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Agents

REM Online

NOVEMBER 4, 2021

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Canada ranks 11th for the highest proportion of empty homes. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. With an estimated 100 million people currently homeless around the world, the fact there are millions of homes around the world lying empty is even more shocking.

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Mortgages 81

Realtor.com

NOVEMBER 4, 2021

Here's what to take into consideration when selling your land so you'll know how much of a commission you can expect to pay. The post Selling Your Land? Here’s Everything You Need To Know About the Real Estate Commission appeared first on Real Estate News & Insights | realtor.com®.

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Land 85

REM Online

NOVEMBER 4, 2021

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Real estate tech trends to watch. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. I recently spoke to Realtor Kristi Mercier, the chair of CREA’s technology committee, and Patrick Pichette, vice-president of Realtor.ca to talk about technology trends shaping the real estate in

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Technology Industrial Sales 75

Better Dwelling

NOVEMBER 4, 2021

The US is signaling the end of easy money might be near. The Federal Open Market Committee (the Fed) announced a taper to quantitative ease (QE). The central bank plans to reduce asset purchases this month and the program could wind up by next summer. This will translate into more expensive credit and may pump […]. The post The US Federal Reserve Announced It Will Taper QE To Control Inflation appeared first on Better Dwelling.

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Banks Marketing 73

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.

Sales