Housing Wire
AUGUST 5, 2021
The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. According to Sam Khater, chief economist at Freddie Mac, concerns over the COVID-19 Delta variant, along with lower 10-year Treasury yields, have resulted in lower rates.
Keeping Current Matters
AUGUST 5, 2021
In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction , which reported: “ 60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home. ”. However, it seems buyers are now shifting their preferences back to existing homes.
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Housing Wire
AUGUST 5, 2021
Instead of waiting for credit standards for agency-backed mortgages to relax, two industry veterans are launching a startup to help credit-impaired borrowers rise to meet them. Jeff Walker and Steve Romano founded CredEvolv , a startup that facilitates credit counseling in order to transform borrowers that were declined credit into mortgage-ready leads for lenders.
Lighter Side of Real Estate
AUGUST 5, 2021
The number of bathrooms in a home can be a major selling point for potential buyers. And, as such, an extra bathroom can make your home more attractive and easier to sell—which is why a lot of homeowners consider adding a half-bath (or “powder room”) to their property. But adding a powder room isn’t necessarily the right renovation project for every homeowner—and before you decide to add bathroom space to your home, there are a few things you’ll want to consider.
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Housing Wire
AUGUST 5, 2021
Zillow CEO Rich Barton. New quarter, same story. Zillow makes money through agents advertising on its website. It loses money via buying homes for cash and then reselling them. Add it up and the Seattle listings-and-iBuying giant on Wednesday reported $9.6 million in net income for the second quarter of 2021, and $1.3 billion in revenue. The figures compare favorably to the second quarter 2020 – Zillow posted an $84 million net loss and $768 million in revenue back then – but April through June
Realty Biz
AUGUST 5, 2021
Sky rocketing prices for building materials have been a common complaint from home builders over the past year. The costs of lumber, steel and concrete have all soared, and now some are promoting the idea of hemp as a more affordable alternative. Hemp does contain cannabis, but the concentration of THC is much, much lower so it has never been used as a recreational drug.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Better Dwelling
AUGUST 5, 2021
The largest property bubbles in Canada have officially begun to deflate. Last month we crunched the numbers on what it would take for Toronto and Vancouver housing to maintain its momentum. Failing an enormous monthly price increase in July, the previous month would be the peak. Well, it didn’t hit the target rate of growth […]. The post It’s Official!
Housing Wire
AUGUST 5, 2021
Big-four title company Fidelity National Financial released its second-quarter earnings this week, after Old Republic, First American, and Stewart Title announced their numbers in July. Fidelity reported $3.9 billion in total revenue for the second quarter, up from $2.4 billion year over year. That’s also up more than 50% from the company’s first quarter 2021 total revenue, when Fidelity announced “only” $2 billion in total revenue.
Maximum Exposure Real Estate
AUGUST 5, 2021
How Much Does it Cost to Sell a House? Do sellers pay closing costs? What are the costs to sell a home? What are the seller’s closing costs? These are all common questions first-time sellers will ask. Most homeowners will want to have a rough idea of the closing costs and associated expenses when selling […]. The post Closing Costs For a Seller: How Much is The Cost to Sell a Home appeared first on Massachusetts Real Estate Exposure.
Housing Wire
AUGUST 5, 2021
Oregon-based WFG National Title Insurance Co. has added two underwriters in Michigan, the company announced this week. Rachel Richardson and Tory Vincent will both serve as WFG’s Michigan state counsel and national agency counsel, said Alan Fields, WFG director of underwriting services. “It is difficult to find underwriters with the type of multi-state experience that Rachel and Tory bring to WFG,” Fields said. “We are pleased to add them to the team supporting our national age
Advertiser: Trellis
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Eye on Housing
AUGUST 5, 2021
Soaring building material costs, high demand and low inventory have added tens of thousands of dollars to the price of a new home and caused housing affordability to fall to its lowest level in nearly a decade during the second quarter of 2021. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), 56.6 percent of.
Sotheby's International Real Estate
AUGUST 5, 2021
Ahead of the 161st annual Hospices de Beaune charity wine auction, hear about the altruistic history behind this auspicious charity sale, and how the funds raised are looking to the future. ?. In this interview with Francois Poher (Director, Hospices Civils de Beaune) and Ludivine Griveau (Manager, Hospices de Beaune Domaine), learn about the founding of the Hospices de Beaune in the 15th century, as a hospital for the local community.
Better Dwelling
AUGUST 5, 2021
Toronto real estate is starting to look a little more volatile than it has over the past few months. Toronto Regional Real Estate Board (TRREB) data shows a mixed performance for composite benchmark prices in July 2021. Prices increased across the Greater Region, but actually fell in the City of Toronto. Both regions also saw […]. The post Toronto Home Prices Drop While The 905 Squeezes Out Another Gain appeared first on Better Dwelling.
Toronto Realty Blog
AUGUST 5, 2021
TorontoRealtyBlog. I don’t have a bar in my basement but I’ve always wanted one. I’m not sure it’s because I’m lazy, and would like to avoid going upstairs to refill my drink, or because I’m obsessed with collecting and I would likely buy a lot of nice scotch bottles to display, even though I wouldn’t drink them.
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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.
Realty Biz
AUGUST 5, 2021
The international law firm McGuireWoods has leased Houston-based Hines’ Texas Tower offices, according to reports. This is another big win for Hines, which is signing on tenants for their 47-story, 1 million-square-foot development. T2 Courtesy Hines International Investments. McGuireWoods is the latest big-name tenant to lease offices in the complex owned and developed by Hines and partners Ivanhoe Cambridge.
The Mortgage Report
AUGUST 5, 2021
Today’s mortgage and refinance rates Average mortgage rates unexpectedly edged higher yesterday. Read on to discover how a speech by a senior Federal Reserve figure managed to turn markets around. […].
Realty Biz
AUGUST 5, 2021
According to a new survey from the National Association of REALTORS® (NAR), Cybersecurity, drones , 5G, and virtual reality will be the hottest technological trends for real estate technology in the next couple of years. Deeper into the survey a sad truth is revealed about how industry professionals really view technology. . A property view via drone.
Homes.com
AUGUST 5, 2021
Summer's almost over and it'll soon be time to prep for cooler weather. Add these tasks to your end-of-summer maintenance for a smooth seasonal transition! The post 5 Must-Dos for Your End of Summer Maintenance appeared first on Homes.com.
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.
Realty Biz
AUGUST 5, 2021
Artificial intelligence-powered real estate search startup Localize has attracted $25 million in a Series C round of funding as it looks to eliminate buyer’s remorse in home buying. Pitango Growth led the round, which also saw participation from Mizrahi-Tefahot and its existing investors, bringing the company’s total amount raised to date to $70 million.
RIS Media
AUGUST 5, 2021
Delinquency rates for mortgages backed by commercial and multifamily properties declined in July, according to the Mortgage Bankers Association’s (MBA) latest monthly CREF Loan Performance Survey. The findings: – 95.5% of outstanding loan balances were current, up from 95.2% the previous month. – 2.9% were 90-plus days delinquent or in REO, down from 3.0%. – 0.2% were 60-90 days delinquent, unchanged from a month earlier. – 0.3% were 30-60 days delinquent, down from
Waterfront Properties
AUGUST 5, 2021
Located just steps from the world famous “Billionaires Row” is the shopping mecca of Worth Avenue. Worth Avenue, Palm Beach, is home to some of the world’s most exclusive shopping labels in the world and magnificent Mediterranean-inspired architecture. Whether you are just strolling among the rich and famous, in the market for a piece of fine art, a great pair of shoes, an equisite handbag or a piece of pristine real estate, Worth Avenue has it all.
RIS Media
AUGUST 5, 2021
Insects can create holes in wood siding and cause other damage to the walls and insulation. In addition, damaged siding can’t adequately protect your home from weather and changing temperatures. . Insect damage may not be obvious, at least not right away. It’s important to know what to look for and to take swift action before the problem gets worse.
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.
Waterfront Properties
AUGUST 5, 2021
Carnivores prepare for a delicious new steakhouse heading toward Jupiter Truthfully, not a completely “new” restaurant but a sister steakhouse of the renowned Okeechobee Steakhouse. Owner Ralph Lewis announced he just signed the lease for the former Giuseppes Italian Restaurant on the corner of Indiantown Road and Central Boulevard. Lewis plans to open Lewis Steakhouse sometime around November 1, 2021.
RIS Media
AUGUST 5, 2021
If you’ve grown tired of the hustle and bustle of city life, if you’d like your kids to have more space to play or if you’re longing to reconnect with nature, moving to a rural area may be just what you need. Nature. If you move to a rural area, you’ll be able to breathe cleaner air and spend more time participating in outdoor activities. Those changes may do wonders for your entire family’s physical and mental health.
First Team Real Estate
AUGUST 5, 2021
SEAL BEACH, CA – Originally listed for $8 million, 206 Ocean Avenue in Seal Beach sold for $8,600,000, going under contract in just 11 days amid multiple offers thanks to local market experts Bill Larson and Philip Mazzocco of our First Team Real Estate Long Beach Office. The team’s extensive knowledge of the market and deep connection to the community helped secure their client the highest possible sales price, attracting multiple high-net-worth buyers before the property even hit the MLS.
RIS Media
AUGUST 5, 2021
Raising a vegetable garden requires a lot of work, but animals can destroy it in what seems like the blink of an eye. Deer, squirrels, birds, groundhogs and other forms of wildlife can eat your plants, dig holes or trample over vegetables. Here are some strategies to protect your garden. Figure Out What Kind of Animal Is Invading Your Garden. Before you can solve a problem, you have to identify the cause.
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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.
Waterfront Properties
AUGUST 5, 2021
There is a wonderful new smoothie and soft-serve shop in Delray Beach that is intended for lingering. The little cafés name says it all “Joyfull”. Joyfull is an open-air, plant-based smoothie, soft-serve and latte shop located at 2219 Seacrest Boulevard in Delray Beach that opened several weeks ago. The imaginative healthy cafe was the brainchild of wellness coach, entrepreneur, and former talent manager Leah Landon.
RIS Media
AUGUST 5, 2021
Fences are one of the most common sources of disputes between neighbors. If a fence sits on a property line, homeowners on both sides are generally responsible for sharing the cost and responsibility for maintenance and repairs. When a fence sits squarely within one homeowner’s property and is damaged, the person living on the other side may become frustrated if the owner is reluctant to do anything about it. .
Waterfront Properties
AUGUST 5, 2021
Some fantastic restaurants in Palm Beach County have joined together to create the first ever Palm Beaches Restaurant Week beginning this August. For two weeks, visitors and locals will have a chance to savor local cuisine from a wide variety of eateries ranging from high-end restaurants to local neighborhood gems. Restaurants participating in the Restaurant Week have come up with a prix-fix menu and other dining deals to take advantage of.
RIS Media
AUGUST 5, 2021
Searching for your next home is an emotional process. It’s easy to fall in love with a house and think that it’s the perfect place for your family to spend the coming years. When one or more other buyers think the same thing, you may find yourself in a bidding war. If that happens, you should set aside your emotions as much as possible so you don’t make a decision that you’ll come to regret.
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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