Wed.Sep 02, 2020

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Why is the housing market thriving in a pandemic?

Housing Wire

The deadliest pandemic in more than a century has failed to derail the housing market because of the lowest mortgage rates ever recorded coupled with a shift in how people use their homes. “The buyers are coming in because of the low interest rates – that’s the No. 1 reason,” said Lawrence Yun, chief economist of the National Association of Realtors said in an interview with HousingWire.

Marketing 546
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Staten Island Home From 1970 Is a Pink Explosion

Realtor.com

realtor.com A spacious Staten Island, NY, house is a pink time capsule ready for a new owner to crack open its blush-colored charms. “Everything is in very good condition,” says listing agent Richard Nichilo. “It may not be updated, but it’s in very good condition.”. Built in 1970, the home on Fingerboard Road is on the market for $829,000.

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Mortgage applications fall for the third week in a row

Housing Wire

Mortgage applications fell 2% last week, according to a report from the Mortgage Bankers Association, marking the third week of declines. The refinance index also fell 3% last week, however remained 40% higher than the same week one year ago. Despite 30-year fixed and 15-year fixed mortgage rates declining to near historical lows, both conventional and government refinancing activity fell last week, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Acronyms of Real Estate: What Homebuyers Need to Know

Homes.com

The acronyms of real estate can be overwhelming. Here’s a list of the ones you're likely to run into when buying or selling a house. The post Acronyms of Real Estate: What Homebuyers Need to Know appeared first on Homes.com.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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IMBs nearly triple their net gain per loan in second quarter

Housing Wire

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $4,548 on each loan they originated in the second quarter of 2020 – nearly tripling the average first-quarter gain of $1,600 per loan, according to a report by the Mortgage Bankers Association. Average production volume rose from $728 million per company in the first quarter to an average of $1.02 billion per company in the second quarter.

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Mr. Cooper plans to hire 2,000 new team members to serve growing demand

Housing Wire

Mr. Cooper , a nonbank mortgage lender and servicer, announced on Wednesday the company plans to hire an additional 2,000 mortgage professionals and support staff by the end of 2020. The company is hiring for positions with multiple experience levels including loan officers, mortgage underwriters and loan processors. Mr. Cooper is also looking for potential Home Advisors, a company curated hybrid role that focuses on servicing customer loans and originating mortgage products.

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9 Grown-Up Things Every New Homeowner Should Have

Realtor.com

Dean Mitchell Congratulations on buying your new home! You survived the hardest parts: making an offer, mortgage approval, the home inspection, and closing. Whew! Go ahead and take a moment to pat yourself on the back. You earned it. But now the real fun starts: outfitting your home with everything you’d ever want and need. Of course, you do have every right to buy that neon beer sign you’ve always wanted.

Design 119
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Ontario’s new residential tenancies bill isn’t really that bad

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: Ontario’s new residential tenancies bill isn’t really that bad. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. The Protecting Tenants and Strengthening Community Housing Act (Bill 184) affecting residential tenancies is now law.

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September Looks Good Too

BubbleInfo

Rates have come back down a bit, so if buyers can just find a house to buy! We’re sold out – all current listings are pending. I also had buyers yesterday who offered the high end of the variable-price range on a new listing and we got smoked by a higher bid that was $75,000 […]. The post September Looks Good Too appeared first on bubbleinfo.com.

Loans 114
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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10 Property Management Tips For Landlords

Realty Biz

Whether you’re a seasoned real estate professional, or new to the industry, whether you’re using a rental as a primary form of income, or simply a passive revenue stream, property management is a serious business and should be treated as such. It can, however, be difficult to start out—especially when you have no clear direction on where to go or how to begin.

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Mortgage rates today, September 2, 2020, plus lock recommendations

The Mortgage Report

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

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Bank of Canada’s Worst Case Scenario Is Here, Except For A 40% Drop In House Prices

Better Dwelling

Canada’s central bank flooded real estate markets with cheap cash when the pandemic hit, and we may know why. Hilliard MacBeth, a prominent Canadian wealth manager, released a research note for clients last week. In his post, he dissects a Bank of Canada (BoC) staff research note from 2019, testing the resilience of the banking […]. The post Bank of Canada’s Worst Case Scenario Is Here, Except For A 40% Drop In House Prices appeared first on Better Dwelling.

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Parents: Should you buy a bigger home for remote learning?

The Mortgage Report

Many families want to buy a bigger house to support work from home and remote learning. Does buying a house during COVID make sense for you?

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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Buy to Let: What Are the Benefits?

Realty Biz

If you are looking to get into real estate investment with a view to renting out the property, it is important to do your research and be prepared. As long as you do this, you can look forward to a host of benefits with buy to let investments. There are experts that can help you with advice and support such as Turnkey Real Estate investment experts.

Investor 106
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Built Into the Red Rock, This Moab Masterpiece Is a Must-See

Realtor.com

realtor.com Many homes claim to bring the outdoors in, but this home in Moab, UT, really delivers on the promise. Several walls, benches, and bedframes inside the 7,363-square-foot home on South Navajo Heights are built into the surrounding rock. The 6.5-acre spread, full of rock accents, is on the market for $3.25 million. “On the first level of the home, one side at least is rock.

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NSDCC August Sales

BubbleInfo

Here is the recent history of August sales of detached-homes between La Jolla and Carlsbad: August, Year # of Sales Median Sales Price 2013 324 $953,750 2014 246 $1,050,000 2015 278 $1,030,000 2016 288 $1,199,500 2017 279 $1,245,000 2018 276 $1,320,000 2019 264 $1,354,500 2020 334 $1,410,996 The 2013 frenzy was a result of the […]. The post NSDCC August Sales appeared first on bubbleinfo.com.

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Sales Blitz for Year-End Closings

RIS Media

Hold This Four-Week Contest to Incentivize Both New and Experienced Agents . For obvious reasons, 2020 seems to a lot of people like the year that will never end. For real estate professionals, however, the approach of the fourth quarter is a good time to remind ourselves that the year will end, and that we need to make a final push now to drive sales both immediately and throughout the remaining four months.

Closing 106
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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Montreal home of late Senator Leo Kolber listed for $15 million

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: Montreal home of late Senator Leo Kolber listed for $15 million. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. The Montreal home of Senator Leo Kolber, who died in January, is on the market for $15 million.

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During Natural Disasters, Real Estate Pros Rely on Their Experience and Hustle

RIS Media

In the past few weeks, there has been a barrage of natural disasters across the country, destroying billions of dollars in residential real estate, literally from the Redwood Forest to the Gulf Stream waters. The calamities have derailed thousands of people’s real estate journeys and left thousands more without power or shelter. When storms and wildfires strike, however, real estate pros step it up for their clients.

Lending 106
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Are real estate prices about to drop?

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: Are real estate prices about to drop? Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. There are many experts who are saying the opposite of the real estate agents.

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The Changing Face of the Real Estate Industry

RIS Media

NAR’s AHWD Certification Teaches Real Estate Professionals How to Effectively Service All Cultural Groups. For real estate professionals looking to gain a competitive edge as the industry continues to change and evolve, it is more important than ever to adapt to increasing cultural diversity in order to meet the needs of today’s clientele.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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8 Easy Hacks to Simplify Your Life at Home

Point2Homes

Image: Dragana Gordic / Shutterstock.com. Life in the digital age can often seem chaotic and stressful, but your home should always be a safe-haven. All too often, however, many of us find ways to complicate life at home, stripping away that precious sense of peace. If that sounds familiar, check out these 8 hacks to simplify your life. Set a Weekly Plan.

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Cooling Off: How to Prepare Your Air Conditioning for Fall

RISMedia

By Anita Ginsburg Now that the summer heat is slowly dissipating, it's time to start prepping your air conditioner for the cooler fall temperatures. Depending on where you live in the U.S., you might not expect to use your AC unit much this fall, and you might not use it at all during the winter. […]. The post Cooling Off: How to Prepare Your Air Conditioning for Fall appeared first on RISMedia's Housecall.

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Make Clients For Life With A Closing Gift

Agent Fire

The right closing gift can turn a happy client into a loyal advocate who will send business your way for years to come. Here are 28 closing gift ideas to inspire you. Make Clients For Life With A Closing Gift is just one of many great real estate strategies on The Spark.

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Brownstone Boys: Should You Replace a Lead Water Main?

Brownstoner

Editor’s note: Welcome to the 81st installment of Brownstone Boys Reno, a reader renovation diary about renovating a brownstone in Bed Stuy. See the first one here. They also blog at www.thebrownstoneboys.com. Replacing all of the plumbing is usually on the agenda for many people renovating an old home. If you’re… Read More > The post Brownstone Boys: Should You Replace a Lead Water Main?

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5 Data Proven Ways Agents Can Do 18% More Business

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.