Mon.Oct 12, 2020

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The forbearance crash bros spoke too soon

Housing Wire

The health and economic crisis has made 2020 a horrific year for many Americans. Added to all that misery we had terrible fires in the West and hurricanes in the East. From my perspective, that ball in Times Square can’t drop fast enough hailing the end of this year. One might think that with all the bad juju circulating the planet lately, people would be extra careful not to bring more misery upon themselves.

Equity 545
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6 Reasons You’ll Win by Selling with a Real Estate Agent This Fall

Keeping Current Matters

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale by Owner (FSBO) , it’s critical to consider the following: 1.

Agents 333
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Lingering challenges servicers are still facing as a result of COVID-19

Housing Wire

Some sectors of the housing industry have begun adjusting to the new normal brought on by COVID-19; however, servicers continue to face a number of lingering challenges related to the CARES Act and increasing forbearance numbers. Under the CARES Act, homeowners have been able to ask for forbearance from their mortgage servicers and suspend payments for up to 12 months.

Staging 441
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FIRE and home buying: Can you retire early with a mortgage?

The Mortgage Report

Financial Independence Retire Early (FIRE) requires you to reduce debts and save most of your income. But home buying with a mortgage is still possible.

Mortgages 131
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Welcome to the Future of Hospitality: Smart Rooms Start Here

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

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Snapdocs raises $60 million to scale up its digital closing business

Housing Wire

The COVID-19 pandemic helped accelerate the mortgage industry’s digital transformation by years, and proptech firms such as Snapdocs have capitalized on the opportunity. The company just raised $60 million in a Series C funding as the digital mortgage space bursts with activity in a booming housing market. Snapdocs, which has raised $103 million in venture capital funding since 2014, said that its platform is on track to process 1.5 million digital mortgage closings this year, more than do

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Why is the Homeownership Rate Soaring?

Homes.com

Homeownership makes many positive social contributions, but the most important may be that it is the predominant way families build wealth. And now, numbers are soaring. The post Why is the Homeownership Rate Soaring? appeared first on Homes.com.

Finance 127
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Mortgage and refinance rates today, October 12, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates nudged higher last Friday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. That Friday rise was […].

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$60M Mansion on a Slice of George Washington’s Former Farm Is Virginia’s Most Expensive Home

Realtor.com

Sean Shanahan / Gordon Beall With a price tag of $60 million, a relatively new house on historic land is now Virginia’s most expensive home. Built in 2018, the 16,000-square-foot home on East Boulevard Drive sits on riverfront land that was once part of George Washington ‘s Mount Vernon Estate in Alexandria, VA. The current owners bought the 16.5-acre property for around $9 million in 2014, and began what listing agent Heather Corey calls a reconstitution of the estate.

Land 119
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Rocket Mortgage Introduces New Tech Platform for Real Estate Agents

RIS Media

Rocket Companies recently launched “Rocket Pro Insight,” a new technology platform providing real estate agents real-time updates on the status of their clients’ mortgages. Through both a website and mobile app, real estate professionals will have transparency into the loan experience. They are now able to see where each loan is in the process, the terms of their clients’ loans, if additional documentation is needed and when it will close. “Our team is constantly le

Agents 116
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Moving Trends & COVID-19: Key Findings & Insights on the Future

App Folio

Ever since the onset of the COVID-19 pandemic, many have speculated if the country’s most populated cities will be impacted by resident migration. The value of living in a large metropolitan city with benefits, such reliable public transport, entertainment, and great restaurants has lessened in the last six months. In addition, crowded streets and public spaces have made cities less desirable for many due to safety concerns and social distancing.

As-is 116
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Should You List Your Home During the Holidays?

American Lifestyle

The post Should You List Your Home During the Holidays? appeared first on American Lifestyle Magazine.

Loans 111
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Ski towns see luxury home sales jump

Realty Biz

America’s ski season has been hit by the coronavirus but that hasn’t stopped people from buying up homes in popular ski areas. In fact, sales have surged this year, and it’s causing home prices to rise faster than the national average in these areas. “This was the busiest summer selling season ever,” Ben Fisher, a broker with Summit Sotheby’s International Realty in Park City, Utah, told The Wall Street Journal.

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Does Your Branding Speak for Itself?

RIS Media

As a business owner and team leader, you need to be top-of-mind. Unsurprisingly, your branding process plays a major role in helping you be the best and shine the brightest. Your branding lets people in your sphere know that you are still there, and you welcome their business. The key to that is to make sure you are sending consistent messaging to your SOI, Top 50 and past clients!

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Windows Going In at Massive Development on Former Witnesses Parking Lot in Dumbo

Brownstoner

An enormous and long-in-the-works block-long development in Dumbo keeps chugging along. Located at 85 Jay Street, and called Front & York, the 21-story, 728-unit building will be part rental, part condo and have two swimming pools, one set aside for owners and one for renters, filings show. It topped out… Read More > The post Windows Going In at Massive Development on Former Witnesses Parking Lot in Dumbo appeared first on Brownstoner.

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Preparing Your Home to Stand Against the Cold, Snow and Ice of Winter

RIS Media

With cold weather heading toward much of the country, you’ll likely want to ensure that your home is ready to deal with the hazards of winter weather like ice, snow and cold temperatures. Don’t assume that just because everything seems to be in good shape now that you won’t experience any problems over the course of the winter. Here are some minor repairs and different inspections you can do to ensure that your family stays warm and dry through winter: Foundation Inspection.

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Prime Panoramas | 5 Videos of Inspiring Landscapes

Sotheby's International Real Estate

A spectacular view is one of the best accessories a luxury property can have. Whether positioned on rolling tundra or balmy coastal flatlands, the right home begins with the right location. Boasting stunning scenery, these five land listings offer buyers the exciting opportunity to build a custom home that is just as perfect as its surroundings. Press play to discover the beautiful landscapes and backdrops that could inspire your next picturesque home.

Land 105
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Your next renovation project according to your province

Zolo

Renovating your home but not sure where to begin? We have you covered! The post Your next renovation project according to your province appeared first on Zolo.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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House of the Week: Luxurious Gem in the Sky in Toronto

Point2Homes

If you’re going to live in the heart of Toronto , what could be better than a lavish penthouse with stunning views? Sneak a peek inside this fabulous three-bedroom, four-bath Toronto condo located in the desirable Entertainment District. Image: Point2Homes.com. Features: Address: 290 Adelaide St W Toronto, ON. Asking price: $5,750,000 CAD. Bedrooms: 3.

Sales 105
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Who Will Finally Crack Open This ’80s Time Capsule Mansion in Ohio?

Realtor.com

Rob Drago A huge house that’s big on mirrors, vibrant color, and entertaining space recently had another discount. For a buyer on the hunt for a lot of space at an affordable price, we suggest a trip to Central Ohio. The 13,000-square-foot home on Thistlehill Circle NW in Canton is available for $855,000. It had been previously listed for $1.1 million in 2018.

Lending 105
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Daily Links: Residential Evictions Resume Today, Despite COVID Gray Areas

Brownstoner

In the News New York Real Estate Is on the Mend [NYT] Is NYC ‘Over’? These Brand-New New Yorkers Don’t Think So [NYT] Over $150,000 in Fines Issued on First Weekend of New NYC Lockdown [NYT] Heshy Tischler Arrested in Connection to Borough Park Journalist Assault [NYP] City to Present Gowanus Rezoning Updates at Virtual… Read More > The post Daily Links: Residential Evictions Resume Today, Despite COVID Gray Areas appeared first on Brownstoner.

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Midcentury Modern Designed by Protege of Frank Lloyd Wright Brings Big Buzz

Realtor.com

realtor.com A midcentury modern ranch home designed by Don Erickson , a protégé of Frank Lloyd Wright , has generated a lot of attention and at least one solid offer. Valerie Campbell of Baird & Warner, who listed the Inverness, IL , property for $594,500, handled 30 showings in the first week. “The type of buyers it’s attracting are really interested in midcentury modern,” she says.

Design 104
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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A Team Rebrand: Coldwell Banker’s The Jills Zeder Group Unveils New Look

RIS Media

The Jills Zeder Group , a Coldwell Banker Realty luxury real estate team with offices in Miami Beach and Coral Gables, rebranded, unveiling its new look on Oct. 2. The rebrand—with the tagline “Luxury Real Estate Just Got a New Look,” and a new green and white logo featuring three palm trees representing The Jills Zeder Group’s three families—reportedly mirrors the group’s evolution and new chapter in real estate.

As-is 104
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Fright Lights and Robot Ghosts? The Best Gadgets To Make Your Home ‘Spooktacular’ for Halloween

Realtor.com

The frightening reality is that Halloween will be a little different this year, with the COVID-19 pandemic far from over. But it’s not entirely canceled ! While we’re advised to stay away from indoor parties, door-to-door trick-or-treating, and walking through haunted houses, there are still a whole host of fun ways to get in the spirit.

Design 103
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Quality First: A Focused Team With a Shared Vision

RIS Media

Jennifer Ames, founder of Ames Group Chicago , grew up immersed in real estate—her mother a career agent, her stepfather managing a family brokerage in Chicago. So naturally, after earning a degree in English at Yale, Ames went off to do her own thing, pursuing a career in investment banking. “I enjoyed the challenge,” she said. “But by my early thirties, I was looking for more independence—and my mom helped me realize that my passion for excellence would translate perfectly to

Banks 102
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Cap Rate Calculation: How To Use Cap Rate In Real Estate?

Norada Real Estate

Capitalization Rate or Cap Rate is a term often thrown around in real estate discussions. Yet many people don't really understand what it means. After all, it can be confused with cash-on-cash returns and the rate of return. Here's what you need to know about the cap rate, from its actual definition to methods to cap rate calculation methods. What Is The Capitalization Rate?

Investor 101
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Digital Pursuit: The Data Driving a Strong Q4 and Smart Start to 2021

RIS Media

It’s clear that those in our industry who pressed the gas in March and April are the ones winning marketshare. When listings and pendings were down almost 50 percent, they didn’t scale back, but leaned into lead gen, betting on a rebound and pent-up demand. That same mentality will drive a successful close in 2020 and tee up big wins in 2021.

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New Royal LePage platform rlpSPHERE integrates emerging technologies

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: New Royal LePage platform rlpSPHERE integrates emerging technologies. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Royal LePage says its new real estate platform rlpSPHERE can completely automate Realtors’ businesses and is the first of its kind in Canada.

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Grand Park Slope Brownstone Lush With Unpainted Woodwork, Mantels Asks $6.25 Million

Brownstoner

This imposing manse just steps away from Prospect Park has a surfeit of the details one would expect from an 1880s Park Slope brownstone. Its treasures include mantels, pocket doors, moldings, plaster medallions, a pier mirror and stained glass. Designed and built by J. Doherty & Son, the house at… Read More > The post Grand Park Slope Brownstone Lush With Unpainted Woodwork, Mantels Asks $6.25 Million appeared first on Brownstoner.

Design 98