Thu.Jan 07, 2021

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For 2021 housing data, context is key

Housing Wire

2021 was supposed to be different. In the first days of the New Year, we have been dealing with a new strain of COVID, vaccinations aren’t going as planned and the political drama is hotter than ever. It was starting to seem like 2020 all over again. But it is different. On Jan. 5 the 10-year Treasury yield broke 1%, and on, Jan. 6, the 10-year remained above that line in the sand even with the storming of Capitol Hill.

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Is This the Year to Sell My House?

Keeping Current Matters

If one of the questions you’re asking yourself is, “Should I sell my house this year?” consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a house. Here’s why. According to the latest Home Purchase Sentiment Index from Fannie Mae , 57% of consumer respondents to their survey indicate now is a good time to buy a home, while 59% feel it’s a go

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Consumer confidence drops for second consecutive month

Housing Wire

For the second consecutive month , Fannie Mae’s Home Purchase Sentiment Index , a composite index designed to track the housing market and consumer confidence to sell or buy a home, dropped six points in December to 74. Year-over-year, the HPSI is down 17.7 points. Both the “good time to sell” and “good time to buy” components fell significantly as respondents overwhelmingly noted unfavorability of economic conditions, according to Fannie Mae Senior Vice President and Chi

Mortgages 450
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Home Trends to Watch for in 2021

RIS Media

As 2020 caught us spending more time at home, homeowners began rethinking how they would use their homes in the new year. Some homeowners may even end up listing their current home to take advantage of the booming market and low inventory, in hopes of finding a home that will meet their new needs. If you have clients who are looking to list their home or purchase a new home, there are a few different trends that you should look for during their home search in 2021.

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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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Knock offers Home Swap in Jacksonville, Florida, market

Housing Wire

Knock has launched its Home Swap product in Jacksonville, Florida – the sixth location in the Sunshine State and 15th in the U.S. Before expanding to Jacksonville, Home Swap opened in the Miami, Fort Lauderdale and West Palm Beach, Florida markets in early December. During that time, the company said it had plans to expand into 21 markets by mid-2021.

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Acra Lending launches new jumbo prime program

Housing Wire

Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. Acra designed the program as an extension to its suite of programs for purchase or refinance of higher valued properties. “This specific program has been developed to meet the needs of customers in today’s environment and was launched to provide borrowers with the larger loan amounts they need to purchase or refinanc

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Check Out this Beautiful House the Hemsworth Brothers Just Sold in Malibu

Fancy Pants Homes

The three Hemsworth brothers have parted ways with their scenic California getaway. We got word that the four-bedroom home with ocean and mountain views just sold for $4.25 million, after being listed back in September 2020 with a $4.9 million asking price. Liam, Luke and Chris Hemsworth bought the house roughly four years ago and used it for family stays while they were filming in nearby Los Angeles.

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5 Telltale Signs That You May Not Be Ready To Buy a Home

Realtor.com

cnythzl/Getty Images If the dream of owning a home is on your bucket list, you’ve likely combed through listings, narrowed down your home preferences, and even attended a few open houses. But while you might be mentally ready to buy a home, your financial situation might tell a different story. “Renters who are ready for homeownership should have their financial house in order before contemplating a purchase,” says Ben Creamer , co-founder and managing broker of Downtown Realty Company i

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First Right of Refusal: What is it and How Does it Work

Realty Biz

What is The First Right of Refusal (ROFR)? Are you wondering what exactly is a first right of refusal in real estate? When you’re buying a home, no matter if you’re a first-time buyer or someone who is onto their 50th property, you may find different clauses that will affect and define just how you can and can’t purchase a home you like or sell the one you currently live in.

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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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Federal Regulators Want To Overhaul Home Appraisals—Here’s How That Could Hurt Both Buyers and Sellers

Realtor.com

GETTY IMAGES A federal watchdog agency is investigating ways to modernize the process used to determine how much a home is worth. The Federal Housing Finance Agency, which oversees mortgage giants Fannie Mae and Freddie Mac, issued a “request for input” on the policies and practices surrounding home appraisals. The regulator is seeking input on a range of proposals, including relaxing key standards that Fannie and Freddie require lenders to abide by for the loans they back.

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Selling Your Home? Read this Listing Safety Checklist First!

Homes.com

When selling your home, it's important to ensure the space is safe for you, your family, potential buyers, and your agent. Our safety checklist will help you create a safe environment before their home ever hits the market! The post Selling Your Home? Read this Listing Safety Checklist First! appeared first on Homes.com.

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Storybook Mountain Estate in Idaho Looking for Its Happily Ever After

Realtor.com

Nathan Brown Productions A house in Idaho that looks as if it belongs on the cover of a book of fairy-tales is on the market for $8.95 million. “I named it Storybook Mountain Estate because it is just right out of a storybook—fashioned after storybook type of architecture,” says the listing agent, Cindy Bond. She tells the tale of how the owner sat down with her and brought out five small toy houses that looked like Christmas ornaments and placed them on a table in front of her.

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Tips for Negotiating After the House Inspection

Realty Biz

Buyers and sellers often think the negotiations are complete as soon as both parties sign the purchase agreement. The fact is that another round of negotiations is frequently needed after the house is professionally inspected. The inspector’s job is never to decide if the agreed price is correct or what it should be. Nor should the inspector be involved in a second round of negotiations after the inspection.

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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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12 Helpful Moving & Packing Tips

Point2Homes

Image: Elena Nichizhenova / Shutterstock.com. Moving sounds easy enough if you’ve never done it, but the process can quickly get complicated, time-consuming, and expensive if you don’t have a plan of action. Fortunately, with these 12 packing and moving tips, your move to your dream home will be a breeze. Great Moving Tricks. Stay Organized. When you move there’s a lot of new information to remember, and typically a lot of paperwork.

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Tom Brady and Gisele Bundchen Finally Sell Their Massachusetts Mansion

Realtor.com

realtor.com, John Shearer/Getty Images NFL great Tom Brady has finally offloaded his Massachusetts mansion. The quarterback and his wife, supermodel Gisele Bündchen , have sold their luxe Brookline estate, according to the Boston Globe. The transaction appears to have been an off-market deal, with no price information disclosed for the transaction.

Land 115
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Sale of Brownstone Mansion on Brooklyn Heights Promenade Sets Borough Record at $25.5 Million

Brownstoner

On Christmas Eve, a pricey brownstone in Brooklyn Heights set a new sales record for the borough. Property records show that a five-story mansion located at 8 Montague Terrace and overlooking the Brooklyn Heights Promenade sold for $25.5 million on December 24. That’s $5.199 million above the previous record, set… Read More > The post Sale of Brownstone Mansion on Brooklyn Heights Promenade Sets Borough Record at $25.5 Million appeared first on Brownstoner.

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Recycling dead malls into affordable housing

The American Genius for Real Estate

(REAL ESTATE MARKETING) How do you recycle a building? There are more and more examples each year of the death of the indoor mall, but all that space can't go to waste. The post Recycling dead malls into affordable housing appeared first on The American Genius Real Estate.

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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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Mortgage and refinance rates today, January 7, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose yesterday. The rise was the sharpest for some time, but less extreme than feared. And rates were already so low that […].

Mortgages 111
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Greater Vancouver Detached Real Estate And Condos Are Both Flat From 3 Years Ago

Better Dwelling

Greater Vancouver real estate is seeing big price growth, but it hasn’t made up for lost ground yet. Real Estate Board of Greater Vancouver (REBGV) data shows prices generally increased in December. Some segments even printed very large year over year gains. However, the board’s data also shows prices are still around where they were […]. The post Greater Vancouver Detached Real Estate And Condos Are Both Flat From 3 Years Ago appeared first on Better Dwelling.

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Helpful Tips To Declutter Your Space

Waterfront Properties

With the new year comes new resolutions in which people aim to follow throughout the new year. According to many news articles, some of the most popular New Years Resolutions are exercise more, lose weight, learn a new skill, quit smoking, save money, spend less, and get organized to name a few. This year start your resolution list with easy and goof goals for you to aim towards.

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Ontario and BC Projected To Pass Peak Population Growth Soon, Prairies To Lead

Better Dwelling

Canadian real estate will have strong demand, but growth is projected to shift soon. Canada Mortgage and Housing Corporation (CMHC) published household projections earlier today. The projection is based on Statistic Canada (Stat Can) population projections made in 2019. Even by the slowest measure, a rise in household formation is expected. However, traditionally high growth […].

Mortgages 102
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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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How to get a mortgage preapproval in 3 steps

The Mortgage Report

You need a mortgage pre-approval before you can start house-hunting. Here's how to get your pre-approval letter in 3 simple steps.

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House of the Week: Luxurious Gem in the Hamptons of Vancouver

Point2Homes

Picture a three-level luxury home set on a private lot, boasting nearly 7,000 square feet of living space and offering some of the most picturesque views in the Greater Vancouver Area. Did we get your attention? Well, a property like this actually exists and is currently up for sale for a whopping $4.2 million. Today we’re taking a peek inside: Image: Point2Homes.com.

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Quick Fix: One-Pot Chicken Orzo Soup Perfect for a Cold Winter Night

RIS Media

(TNS)—Here’s a warm, comforting and easy take an old favorite, chicken noodle soup. Using cooked chicken, either rotisserie or from the deli, cuts down on the cooking time. Parsnips add a hint of sweetness and fresh basil and grated Parmesan cheese add a flavorful touch. This is a one-pot meal that’s perfect for a winter’s evening.

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Park Slope One-Bedroom With Private Roof Deck, In-Unit Laundry Asks $3,200 a Month

Brownstoner

This top floor aerie has sloping ceilings that might be a challenge for some prospective renters, but it does offer a bonus home office, private outdoor space and in-unit laundry. It's also located just a few blocks away from Prospect Park in an 1880s Neo-Grec brownstone at 825 President Street. The… Read More > The post Park Slope One-Bedroom With Private Roof Deck, In-Unit Laundry Asks $3,200 a Month appeared first on Brownstoner.

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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.