Housing Wire

JULY 14, 2021

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The prior week ‘s report showed a 1.8% drop in applications to the lowest level since January 2020. The sudden increase in applications was driven “heavily” by increased refinancing as mortgage rates dipped again, said Joel Kan, MBA associate vice president of economic and industry forecasting. “

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Fixed-rate mortgage Mortgages Loans Investor 512

Keeping Current Matters

JULY 14, 2021

An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges: “ It looks like inventory may have hit a bottom (we’ve seen this in the higher frequency data as well).

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Sales Marketing As-is Closing 259

Housing Wire

JULY 14, 2021

A shareholder sued Rocket Mortgage , the Detroit-based mortgage behemoth, for allegedly making misleading disclosures to conceal adverse market conditions. The class action-seeking lawsuit, which was filed in the Eastern District Of Michigan’s Southern Division, alleges that Rocket was aware of factors that were already taking a toll on its business, while touting its future performance to investors.

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Investor Mortgages Industrial Sales 454

Better Dwelling

JULY 14, 2021

New Zealand may be the first advanced economy to hike interest rates. The Reserve Bank of New Zealand (RBNZ) abruptly announced a halt to the Large Scale Asset Purchase (LSAP) program. Along with the announcement was the release of the Monetary Policy Committee notes. The Committee said the risk of deflation has now passed, and […]. The post New Zealand’s Central Bank Calls Home Price Growth “Unsustainable,” Halts QE appeared first on Better Dwelling.

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Banks 145

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Housing Wire

JULY 14, 2021

For the first time in a year, the number of buyers who locked in mortgage rates to purchase a second home fell in June. Per a recent Redfin study , second home mortgages saw a year-over-year decrease of 11.1%. Home prices in seasonal towns, meanwhile, rose 28% year over year to $468,000 in June. The dip in vacation home mortgages is the first such decline since April 2020, following more than a year of double- and triple-digit increases in mortgage-rate locks for second homes, according to Taylo

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Lending Mortgages Industrial As-is 437

Realtor.com

JULY 14, 2021

California Eco Design, Inc./Houzz With intense heat waves and over 75% of the American West experiencing severe drought this summer, you might be wondering how you can do your part to conserve water—to help the environment and to reduce your utility bills. But how are you supposed to cut back on your water usage and keep up that lush landscaping that makes the neighbors jealous?

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Branding As-is Design 143

Realtor.com

JULY 14, 2021

HGTV Craving a little sun and sand along with some smart home design advice? Then the new HGTV show “Battle on the Beach” is the perfect summer binge. In this series, the network’s stars Ty Pennington , Alison Victoria , and Taniya Nayak mentor teams of design newbies as they compete to fix up three houses on Alabama’s Gulf Coast. And in the series premiere, “Battling the Kitchens,” the three teams renovate their kitchens in hopes they’ll impress celebrity judges Mina Starsiak

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Renovation Design Banks As-is 137

Eye on Housing

JULY 14, 2021

Framing lumber prices garnered more attention than any other building material over the past year as prices quadrupled between April 2020 and May 2021. But even as lumber prices decline, the spotlight on lumber continues to crowd out the story of meteoric price increases of another wood product integral to the integrity of a building’s structure—oriented strand board (OSB).

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Construction 132

Better Dwelling

JULY 14, 2021

Canadian real estate prices are rising at a breakneck speed — even with slowing sales. The RPS House Price Index (HPI) made a huge leap in June for almost all markets. It didn’t matter where, even small towns have begun to outperform big cities. Let’s dive into the frothy month Canada just had. Canadian Home […]. The post Canadian Real Estate Prices Are Up 19%, Average Price Hits $734,000 In June appeared first on Better Dwelling.

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Sales Marketing 125

Easy Agent Pro

JULY 14, 2021

Passing the real estate licensing exam gives you the opportunity to make scintillating cocktail party small talk. Imagine how impressive you’ll sound when you share that there are 43,560 square feet in an acre and when you describe the difference between riparian and littoral rights. That little piece of state-issued paper also acts a bit like rocket fuel, propelling the newbie into an imagined stratosphere of huge commission checks and overnight success.

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Branding Agents Marketing As-is 115

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

The American Genius for Real Estate

JULY 14, 2021

(MARKETING) Are you ready to market with a font that will be more memorable than any other (based on research)? Check out Sans Forgetica. The post Researchers develop a font to help with reading retention appeared first on The American Genius Real Estate.

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Development Marketing Design 111

GeekEstate

JULY 14, 2021

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Groundbreaker.]. A real estate investment management platform, Groundbreaker gives teams access to CRM, portfolio management, fundraising automation, distribution tracking, and real-time reporting. Its software also handles compliance and security using ??

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Investor 109

Realty Biz

JULY 14, 2021

Buying a property in Florida has never been so easy. Hundreds of people move to Florida every day because of its beaches and aesthetically beautiful homes. But for many reasons buying or renting a property is a tedious process and requires effort, time, and money. . What do you look for in a property before making a decision? Like anyone, you want to know the community, neighborhood, and utilities offered there.

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Bankruptcy Closing costs Equity Agents 109

HomeLight

JULY 14, 2021

You’re in full-on house-hunting mode, viewing as many homes as you can, and your real estate agent takes you to see one that you think just might be the one. Perfect neighborhood and layout, nice yard, the right number of bedrooms — you can’t wait to see it! Then you walk into the house and realize … it smells. Like an old, dirty ashtray. The house looks clean and is staged well, but it has a persistent cigarette odor that seems to have seeped into the walls.

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Seller concession Agents As-is Staging 109

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Sales

Realty Biz

JULY 14, 2021

Buying a home right now is probably not the best idea. Five thousand real estate agents just clicked off of their web browsers, I know, but 64% of potential home buyers agree with me. Fannie Mae’s Home Purchase Sentiment Index for June reveals the big “turn off” this housing bubble has caused. The best move may be to wait a while until the housing market levels off or cools.

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RIS Media

JULY 14, 2021

Of the nearly 1.5 million members of the National Association of REALTORS® (NAR), approximately 87% are classified as independent contractors—a classification that is vital to practitioners and the real estate industry. As independent contractors, real estate professionals are empowered to be entrepreneurs, with maximum flexibility to thrive in a dynamic and flourishing professional field.

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Industrial Finance Agents As-is 107

BubbleInfo

JULY 14, 2021

When comparing to the last reading there hasn’t been much change, but the May 12th numbers were quite different – the number of actives today is now 15% higher, and pendings are 16% lower. But it had to go in that direction. The March-May period has to be the hottest stretch ever recorded: NSDCC Actives […].

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The Mortgage Report

JULY 14, 2021

Today’s mortgage and refinance rates Average mortgage rates edged higher again yesterday. That’s three rises on consecutive business days. And they’re beginning to make a dent in last week’s falls. […].

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Mortgages 105

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

JULY 14, 2021

Gautier Coiffard didn’t start baking until two years ago. Living in Cobble Hill with his partner (now fiancé), he was missing the French bread of his native country and was looking for ways to keep busy. With a lot of practice, he advanced into making croissants, finding along the way… Read More > The post French Cobble Hill Baker Sets His Sights on Post-Pandemic Montague Street Storefront appeared first on Brownstoner.

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HomeLight

JULY 14, 2021

Saving up to buy a house can feel like it takes forever. Week by week, you slowly add to your nest egg, trying to accrue enough to cover the down payment , closing costs , and any other expenses, not to mention making sure you have enough of a cushion that your home purchase won’t totally deplete your savings. It can be a long and time-consuming process.

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Banks Debt-to-income ratio Loans FHA loan 104

RIS Media

JULY 14, 2021

Second Century Ventures (SCV), the strategic investment arm of the National Association of REALTORS® (NAR), recently unveiled the 2021 REACH scale-up class. REACH identified eight transformative real estate tech companies pushing the boundaries of innovation with pioneering tools and best-in-class solutions. Since 2013, the REACH program has been driving growth for emerging technologies by supporting their launch into the real estate vertical and adjacent markets.

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Technology Commercial Staging Land 103

Fancy Pants Homes

JULY 14, 2021

Visionary architect Zaha Hadid — known as the “Queen of the Curve” for the modern, curving designs of her buildings — had a legendary career. Her striking structures grace the skylines of major metropolitan cities, while her product designs, including furniture, jewelry, lighting, and even shoes, can be found in homes around the world. .

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Design As-is Marketing 98

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

RIS Media

JULY 14, 2021

MooveGuru recently announced the launch of their service to nearly one-third of all firms from The Realty Alliance. Firms who are making MooveGuru services available to current and past clients include First Team Real Estate, Better Homes and Gardens Kansas City, Berkshire Hathaway HomeServices The Preferred Realty, Berkshire Hathaway HomeServices Stouffer, Guarantee Real Estate, Coldwell Banker D’Ann Harper, Coldwell Banker Real Estate Group, F.C.

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Brokerage Industrial Agents Sales 98

Realtor.com

JULY 14, 2021

Micah Green/Bloomberg via Getty Images After rising to shockingly expensive levels this spring, lumber prices have fallen so far that they are starting to look cheap to some buyers. Prices for two-by-fours surged in May to more than twice their previous record, set three years ago when there were about 15% fewer homes being built. But wood prices have since plunged back to levels resembling those before lockdowns cut supplies short and boosted demand.

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Construction Development Investor Sales 98

RIS Media

JULY 14, 2021

Weichert recently announced its new “We Do It All, Guaranteed!” program, focusing on delivering a simplified home-buying and selling experience for its customers. Now, when customers use all the company’s “All Under One Roof SM ” services, they also receive the program’s incentives, including closing-costs savings, a free one-year home warranty and a $5,000 closing date guarantee. “The ‘We Do It All, Guaranteed!

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Closing costs Title Brokerage Closing 98

The Mortgage Report

JULY 14, 2021

If you receive an MI removal notification letter, what should you do? Read this to discover how MI works, and how to remove MIP or PMI from your home loan.

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Loans Mortgages 104

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Agents

RIS Media

JULY 14, 2021

The National Association of REALTORS’® (NAR) Real Estate Forecast Summit: Global Update is being held on Mon., July 26 from 2 to 3 p.m. ET. NAR Chief Economist Lawrence Yun and several leading international economists will discuss foreign buying trends in the U.S. housing market, the top countries for Chinese buyers, and real estate market conditions in Australia and Canada.

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Residential Marketing Industrial 98

Brownstoner

JULY 14, 2021

Bookworms in East Flatbush are in luck, as the Brooklyn Public Library’s Rugby branch reopened on Monday with a newly renovated space -- finally completing a decade-in-the-making project to modernize the book emporium. The library at 1000 Utica Avenue was built in 1957, and had been closed since 2017 as crews… Read More > The post Closed Since 2017, Rugby Library in East Flatbush Reopens After Long-Awaited Renovation appeared first on Brownstoner.

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RIS Media

JULY 14, 2021

Homes.com Helps Arizona REALTOR® Generate Listings in a Competitive Real Estate Market. After returning home from the Army, where he worked as a helicopter mechanic, Brandon Goff—a REALTOR® with Red Door Realty Services in Bullhead City, Arizona—kicked off his real estate career. With little experience in the industry and diving into a heavy seller’s market, he needed a trusted resource for information and guidance. “I was looking for alternatives to Zillow and realtor.com® that peop

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Marketing Land Agents Industrial 98

Sotheby's International Real Estate

JULY 14, 2021

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??. Williamsburg, Virginia | Mike Stevens & Bo Steele, The Steele Group Sotheby’s International Realty. Experience Williamsburg Waterfront living at its finest in this custom-built 4,100-square-foot contemporary home with gorgeous curb appeal.

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Design 96

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