Fri.Jul 30, 2021

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5 steps to choosing a home that will appreciate

Housing Wire

In 2020, the S&P CoreLogic Case-Shiller price index reported the highest annual housing growth since 2013. Due to low inventory, sellers are able to put their homes up at a higher rate. And with today’s low interest rates, buyers have been rushing to purchase what’s available. The problem is, rushing to buy property might force you to settle for a house that won’t reward you financially.

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Waiting To Buy a Home Could Cost You [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again. The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the slightest change in the mortgage rate can have a big impact on your buying power no matter your price point. Don’t assume waiting will save you money.

Mortgages 267
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Is there a political fix to the housing shortage?

Housing Wire

The issue of tight housing inventory is multifaceted but is there a political solution? Arch MI investigates this and more in its Spring Housing and Mortgage Market Review. We’ve broken down some of the data below, but be sure to take a deeper dive into the report by clicking here. The post Is there a political fix to the housing shortage? appeared first on HousingWire.

Mortgages 432
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Switching Property Management Software? Tips for a Smooth Transition

GeekEstate

One key way to future-proof your property management business is to use the right technology. Spreadsheets, paper ledgers and even existing software can quickly become outdated in such a fast-paced environment, so it is likely that – at some point – your business will benefit from a system upgrade. As the industry continues to evolve, new software features and landlord benefits are constantly emerging.

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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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Lumber prices are falling, but builders still feel the pinch

Housing Wire

After a tumultuous year for lumber prices and the homebuilding industry, a light has finally emerged at the end of the tunnel. But builders aren’t out of the woods quite yet. Lumber prices, a source of builder and construction company angst for approximately 15 months, are officially falling, as the price that sawmills charge distributors for cut lumber is down for the eighth consecutive week.

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Reverse mortgage industry courts financial planners

Housing Wire

The exit of major banking institutions like Wells Fargo and Bank of America from the reverse mortgage market in the past decade has made the importance of forging referral partnerships with financial planners all the more important to the proliferation of new reverse mortgage business, since proximity to a variety of clients can be key to the origination of reverse mortgages for new clients.

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Luxury Real Estate Headlines: Final Week in July 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. East Haddam, Connecticut | William Pitt Sotheby’s International Realty . In East Haddam, a small Connecticut town nestled between New Haven and Hartford, a colorful estate seemingly ripped from the photos of a whimsical cottagecore wedding has hit the market.

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Why another foreclosure tsunami is still unlikely

Housing Wire

It was August 2020 , six months into a global pandemic, when I laid out what I thought at the time was a compelling case against a wave of foreclosures similar to the one that the nation experienced during the Great Recession. A year later, and with the benefit of 20/20 hindsight, I’m more convinced than ever that when government borrower protections finally do expire, we’ll see a relatively soft landing when it comes to foreclosures.

Land 384
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What Is a Dogtrot House? An Indoor/Outdoor Concept That’s Withstood the Test of Time

HomeLight

Imagine living in a rustic home that invites the outdoors in. One where you can enjoy the cool evening breezes gliding through your home and sip your morning coffee overlooking your back porch. That’s the lifestyle of the dogtrot house. The name dates back to some of the earliest residences in the country and references the heat of the day when it’s so hot, the dogs seek a shady spot for an afternoon nap.

Design 122
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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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How to be a Savvy First-Time Homebuyer

Housing Wire

The post How to be a Savvy First-Time Homebuyer appeared first on HousingWire.

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Canadian Mortgage Rates Will Rip Higher Soon, Here’s How High

Better Dwelling

The Canadian economy is improving, excluding some minor hiccups like this morning’s GDP. An improved economy needs less stimulus, and that means higher mortgage rates. To see what Canada is in for, we modeled a forecast range for 5-year fixed-rate mortgages. If Canada doesn’t go into a double-dip recession, much higher mortgage rates are coming. […].

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Cost-Benefit Analysis: Should You Repaint Your House Before Selling?

HomeLight

So you’ve decided to sell your house. Great! You’re ready to clean up and mow the lawn, but what about paint? Do buyers expect to see freshly painted exteriors and interiors when they tour a potential new home? We interviewed top Rhode Island real estate agent Sam Alpern and collected return on investment data to help you determine if painting your home for sale is worth it.

FHA loan 120
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Big Money Moving In

BubbleInfo

NEW YORK, July 29 (Reuters) – Beset by COVID-19 and its fallout, local landlords are offloading their properties to cash-rich institutional investors, and America’s real-estate market may never be the same. Before the pandemic, boyhood friends Michael Murano and Richard Tyson owned 96 rental units in their hometown of Rochester, New York. They offered accommodation […].

Investor 116
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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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Safety Tips Every Real Estate Agent Should Know

RIS Media

Real estate agent safety is an important topic that is often overlooked in many discussions. While no one plans to be in a dangerous situation, agents should be prepared for any possibility. In the most recent Secrets of Top Selling Agents webinar, “ Don’t Be A Statistic ,” Jay Thompson shares some of his best safety tips to help agents be more aware and create a safety plan.

Agents 116
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NSDCC July Sales, Preliminary

BubbleInfo

It’s looking more normal every day, though by the time the last sale is recorded, this month’s total should be around 300 sales (though the median SP will say about the same at +29% YoY): NSDCC (La Jolla to Carlsbad) July Sales Year Number of Detached-Home Sales Median Sales Price Median DOM 2016 273 $1,100,000 […].

Sales 111
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4 Ways to Boost Your Productivity

RIS Media

As a real estate professional or affiliate service provider, do you ever wonder, “How can I elevate my productivity?”. If the answer is yes, you’ll find value in this post. The latest numbers show there are roughly 2 million licensed real estate agents in the United States. That’s about one agent for every 52 households. About 65% of these agents (1.3 million) choose to be held to a higher standard and join the National Association of REALTORS®.

Agents 111
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Community Fiercely Rejects Planned Crown Heights Development at City Planning Hearing

Brownstoner

At a public hearing Thursday afternoon in front of the City Planning Commission, local residents, advocates and politicians testified in fervent opposition to a planned controversial development in southern Crown Heights. “The community has spoken, again and again. They have spoken, and have been loud and clear,” Assembly Member Phara… Read More > The post Community Fiercely Rejects Planned Crown Heights Development at City Planning Hearing appeared first on Brownstoner.

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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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CFPB Releases Survey of Mortgage Originations

RIS Media

The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). The data provide insights into borrowers’ experiences obtaining residential mortgages. Since 2014, FHFA and CFPB have sent surveys each quarter to borrowers who had recently obtained mortgages.

Mortgages 111
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Bed Skirts Are Out of Style: Update Your Bed With These Alternatives

HomeLight

Bedding trends come and go, so where do bed skirts stand? “Bed skirts are very much falling out of style. I haven’t seen one in ages,” says Amy Rio , an award-winning real estate agent with 34 years of experience selling homes in Connecticut. But even Rio, a proponent of ditching the bed skirt and embracing a modern look, agrees there are some exceptions homeowners should know before ditching their bed skirts.

Design 109
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Mortgage Rates Shift Slightly Up, But Still Under 3%

RIS Media

The 30-year fixed-rate mortgage is averaging 2.80%, according to the latest Private Mortgage Market Survey from Freddie Mac. Here’s where rates stand: – The 30-year fixed-rate mortgage averaged 2.80% with an average 0.7 point for the week ending July 29, 2021, up from last week when it averaged 2.78%. A year ago at this time, the 30-year FRM averaged 2.99%. – The 15-year fixed-rate mortgage averaged 2.10% with an average 0.7 point, down from last week when it averaged 2.12%.

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Keep Getting Unsolicited Offers on Your Home? Here’s Why

HomeLight

You’re scrolling through your texts: Your friend asked you to meet for coffee, your sister sent a cute pic of her puppy, a complete stranger offered you cash for your house — wait, what? Your home isn’t for sale. If you’re fielding phone calls, text messages, and postcards from people who want to buy your home — for cash, nonetheless — you’re not alone.

Investor 106
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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.

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Listing Prices Increase But a Market Slowdown Is in Sight

RIS Media

Softening and market slowdown are the new emerging keyphrases for where the housing market is headed. More sellers are coming onto the market, slowly addressing the inventory challenge and slowing home price growth, according to the latest Weekly Housing Trends report from realtor.com®. Key findings: – The median listing price increased 10.3% YoY—the 50th consecutive week of double-digit growth. – New listings are up 9%. – Total active inventory is down 31% YoY. – Days on

Marketing 105
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Mortgage and refinance rates today, July 30, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. We’ve been having these tiny ups and downs all week. And they really make very little difference. Early movements […].

Mortgages 105
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Zavvie Releases Seller Preferences Report

RIS Media

Record-low inventory in markets across the U.S. made it easy to sell a home in the first half of 2021—but increasingly harder to find and buy one. That made moving tricky for the 70% of sellers who also needed to buy a home. A new midyear zavvie Seller Preferences Report details the explosive growth of Power Buyers and several other new selling solutions available to homeowners throughout the U.S. between January and June 2021.

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8 Signs of a Good Real Estate Agent Worth Hiring for Your Home Sale

HomeLight

Not all real estate agents are equal. HomeLight’s analysis of 27 million transactions reveals that the top 5% of real estate agents sell homes for 10% more than the average agent. That means that working with a subpar agent could lose you up to $25,000 on a $250,000 home deal — a considerable loss. With over 2 million active real estate agents in the U.S., there’s no shortage of agents to choose from.

Agents 104
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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.