Housing Wire
MARCH 25, 2021
Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. The result was approximately $1.3 trillion in outstanding mortgages with active private mortgage insurance coverage by year’s end.
Keeping Current Matters
MARCH 25, 2021
Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season.
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Housing Wire
MARCH 25, 2021
The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. Since January, mortgage rates have increased roughly 50 basis points from historic lows and home prices have risen, leaving would-be homebuyers with less purchasing power.
Lighter Side of Real Estate
MARCH 25, 2021
It’s often said that the kitchen is the heart of the home. But depending on the design, that heart may have some serious problems. From clogged arteries to bad flow, kitchens with near-fatal flaws are all over social media. Wondering what could make a kitchen so unappealing you’d lose your appetite? Take a look and keep these mistakes in mind if you’re planning a kitchen renovation soon!
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Housing Wire
MARCH 25, 2021
If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier. Yes, we’re talking about a bridge loan. Haven’t heard of them?
Eye on Housing
MARCH 25, 2021
A recent NAHB study* found that COVID-19 has impacted the housing preferences of 25% of home buyers. More specifically, the survey asked about location preferences both prior to COVID-19 and now: did buyers’ preferred location change as a result of the pandemic? Results show that a segment of home buyers have in fact shifted their preference towards the outlying suburbs.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Lighter Side of Real Estate
MARCH 25, 2021
When homeowners decide to put their property on the market, most do a little work to spruce up the place. Some might paint and declutter, while others go all out and hire a home stager. On the flip side, certain bold homeowners take a DIY approach that often leaves real estate agents and potential buyers scratching their heads. Think you’ve seen some decor that could’ve used a little work?
Housing Wire
MARCH 25, 2021
HomeServices of America Inc. reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual RealTrends 500 ranking. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass. HomeServices of America, a subsidiary of Warren Buffett’s Berkshire Hathaway conglomerate, was involved in 343,220 brokerage sides and etched out
RIS Media
MARCH 25, 2021
With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash? Let’s take a closer look. Think Back to the Great Recession. The unforeseen housing market crash 15 years ago ignited a worldwide recession.
Housing Wire
MARCH 25, 2021
As the refi boom fades, gain-on-sale margins at loanDepot are declining, the company disclosed in a new filing with the Securities and Exchange Commission this week. The Tuesday filing shows that loanDepot, the nation’s second-largest retail lender, originated $25.1 billion worth of residential loans in January and February, compared to the $37.4 billion the company originated in the fourth quarter of 2020.
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.
Realtor.com
MARCH 25, 2021
Getty Images The living room has always been a high-traffic area of the home, but during the pandemic, this room has really come into the spotlight. Much of the past year’s working, schooling, and relaxing has happened in the living room, and all the wear and tear makes this area a prime place for an upgrade. If you plan on selling your home soon and want to spruce up your place, it might be beneficial to focus on the living room.
Housing Wire
MARCH 25, 2021
Digital mortgage and fulfillment platform Maxwell has raised $16.3 million in a Series B funding round, the company said on Thursday. The round was led by Fin VC and TTV Capital. Other investors included Rotor Capital , The Mortgage Collaborative Emerging Technology Fund , Prudence Holdings and existing investors including Anthemis Group , Route 66 Ventures , and Sovereign’s Capital.
Eye on Housing
MARCH 25, 2021
The December Household Spending Survey, published by the New York Federal Reserve Bank, showed a modest increase in household spending over the past four months, and a surge in the median expectation for year-ahead household spending to highest level since August 2015. Only 2.2% of households bought house or apartment over the past four months, lower than the 3.8% in.
Housing Wire
MARCH 25, 2021
Like every department within housing, marketing teams across the country were forced to re-strategize and tailor their programs to accommodate the changing climate of 2020. For the first time ever, HousingWire is honoring the executive marketers who weathered the storm and continue to strengthen and grow their brands amid market volatility. The HW Marketing Leaders make up the best and brightest minds in marketing within mortgage lending, servicing and real estate.
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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.
Better Dwelling
MARCH 25, 2021
The Canadian government hasn’t discussed a capital gains tax on real estate, but the industry is already fighting it. Toronto Regional Real Estate Board (TRREB) sent a memo to their members this week. In the memo, they explain why they’ve taken an aggressive position against the yet to be proposed tax. It also happens to […]. The post Canada’s Real Estate Industry Tells Agents It Will “Shut Down” Capital Gains Tax Talk appeared first on Better Dwelling.
Housing Wire
MARCH 25, 2021
The Mortgage Collaborative announced today the first investment of its recently launched TMC Emerging Technology Fund LP, or TMC Fund. The venture capital program is funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector. The investment is a participation in Maxwell’s Series B Preferred Share financing which was led by Fin Venture Capital and TTV Capital.
BubbleInfo
MARCH 25, 2021
Thanks to the readers who sent in the recent WSJ article that mentioned that the national inventory is so bleak that there are more realtors than homes for sale (1.04 million homes vs 1.45 million realtors). Let’s check the local productivity. The graph above shows 29,600 real estate professional in San Diego County. (SDAR states […].
Housing Wire
MARCH 25, 2021
The RealTrends and HW Media teams are pleased to announce the 2021 RealTrends 500. The RealTrends 500, now in its 34th year, remains the undisputed leader in ranking the performance of residential real estate services firms. Due to the requirement of independent verification, the RealTrends 500 is The Trusted Source for information about performance of these firms.
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.
The Mortgage Report
MARCH 25, 2021
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. That makes four working days since the last rise. And there are grounds for hoping for more good news […].
Housing Wire
MARCH 25, 2021
HomeServices of America Inc. reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual ranking by Real Trends. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass. HomeServices of America, a subsidiary of Warren Buffett’s Berkshire Hathaway conglomerate, was involved in 343,220 brokerage sides and etched out
Realtor.com
MARCH 25, 2021
Getty Images The housing market is so hot right now that even modest starter homes are receiving multiple offers going six figures over the asking price. But the high prices and lack of homes on the market don’t seem to be stopping many first-time buyers from throwing their hats into the ultracompetitive ring. The top reason that almost two-thirds of millennial and nearly half of Generation Z home buyers are willing to jump into the scrum is to achieve the American dream of homeownership,
Housing Wire
MARCH 25, 2021
Notarize announced Thursday a $130 million Series D funding round, led by fintech venture capital firm Canapi Ventures. That’s $213 million of total funding to-date for Notarize, which will funnel the recent round of capital into the company’s digital notarization and identity verification technology. The company also plans to double its staff in the next year, per an official statement.
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.
Realtor.com
MARCH 25, 2021
Getty Images You’d think that colorists and paint professionals who spend their days sifting through chips and wheels might have an affinity for every shade under the sun. But you’d be dead wrong! Alas, the general consensus is that a few colors just don’t play nice in any room, in any home, period. “Not every paint color works where you want it to, especially when it comes to the bold and bright ones that live at the bottom of color cards,” says Dee Schlotter , sen
Housing Wire
MARCH 25, 2021
BoomTown , a marketing automation platform for real estate professionals, announced Thursday the acquisition of Brokermint , which uses technology to consolidate and automate back office and transaction management functions through scalable software solutions. Specifically, clients can use Brokermint to complete tasks in commission automation, accounting, agent management, and reporting and analytics.
The American Genius for Real Estate
MARCH 25, 2021
(REAL ESTATE ASSOCIATIONS) The NAR has been taking steps forward to erase implicit bias, and recent events have made this that much more important. You should also take steps. The post NAR introduces meaningful tools and training to stop implicit bias appeared first on The American Genius Real Estate.
Fancy Pants Homes
MARCH 25, 2021
If you’re selling your home and don’t want to see it linger on the market for too long, you’re going to want to make it look nice. That’s just basic common sense. You’re going to attract more buyers, and give yourself a chance at getting a quick sale at the best possible price. The problem is, though, that ‘nice’ is a very subjective term.
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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.
Realtor.com
MARCH 25, 2021
LPETTET/Getty Images Mortgage rates have jumped to the highest point in over half a year as investors grow more optimistic about the state of the economy. And that’s bad news for some home buyers. The 30-year fixed-rate mortgage averaged 3.17% for the week ending March 25, up eight basis points from the previous week, Freddie Mac reported Thursday. It’s the highest level the 30-year mortgage has reached since June of last year.
RIS Media
MARCH 25, 2021
Weichert, REALTORS® recently announced the results of an in-depth homebuyer survey that reveals the motivations and attitudes of buyers who purchased a home over the past year. The real estate services company found that while historically low interest rates were certainly a motivating factor for buyers, the global pandemic also prompted some people to buy a new home for more living space and amenities in a less-congested environment.
Brownstoner
MARCH 25, 2021
Following a successful Kickstarter campaign, a longtime Clinton Hill resident has opened a new local spot that serves Japanese comfort food. The restaurant is called Chef Katsu Brooklyn and is located at 143 Greene Avenue. The head chef and co-owner is Katsu Machida, who runs the space with his wife, Chiemi.… Read More > The post Clinton Hill Residents Open Japanese Comfort Food Spot Chef Katsu Brooklyn on Greene Avenue appeared first on Brownstoner.
RIS Media
MARCH 25, 2021
Brian Marincic. Broker/Owner. HomeSmart CH4 Realty Group. Rock Springs, Wyoming and Colorado. [link]. Region served: Southern Wyoming, Colorado’s Western Slope and Northern Front Range. Years in real estate: 19. Number of offices: 5. Number of agents: 205. Favorite part of your job: Interacting with agents and helping them grow their business.
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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