Wed.May 05, 2021

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Rocket Mortgage prepares for a slowdown

Housing Wire

Rocket Mortgage originated more than $100 billion in mortgages for yet another quarter, but profit margins are trending down. And the country’s largest mortgage lender expects a good-sized slowdown in the second quarter of 2021. All told, the Detroit lending powerhouse originated $103.6 billion in closed loans in the first quarter of 2020, more than double its originations in Q1 2020.

Mortgages 414
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Are Interest Rates Expected to Rise Over the Next Year?

Keeping Current Matters

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say. Danielle Hale, Chief Economist , realtor.com : “ Our long-term view for mortgage rates in 2021 is higher.

Loans 262
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As rates rise, mortgage applications dip

Housing Wire

Mortgage applications dropped again , falling 0.9% from the previous week, according to the latest report from the Mortgage Bankers Association for the week ending April 30, 2021. MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan called last week’s mortgage activity “a mixed bag,” between rates , loan sizes, and government purchase applications. “Mortgage rates were slightly higher, refinance applications were essentially unchanged, and purchase

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Canadian Households Now Need Up To 32 Years To Save For A Downpayment: NBC

Better Dwelling

Canada’s hottest real estate markets for young adults are far outside of the city. That’s because saving the down payment to be in some cities, would take the majority of their adult lives. National Bank of Canada (NBC) found a sharp deterioration of affordability in Q1 2021. The median household now needs to save up […]. The post Canadian Households Now Need Up To 32 Years To Save For A Downpayment: NBC appeared first on Better Dwelling.

Banks 144
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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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DataTrace integrates with title software SoftPro

Housing Wire

Title automation company DataTrace has announced an integration with SoftPro , a real estate closing and title software company, which will allow SoftPro users to access over 560 title plants, nationwide tax and recorded property data, and more than 7 billion document images. Through the integration, SoftPro users can now automatically access DataTrace’s comprehensive products and services—including fully managed Title Product Services and tax information.

Title 370

More Trending

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Brian Covey to speak at Engage Marketing June 17

Housing Wire

A good brand isn’t just for companies. Mortgage professionals have their own stories to tell, their own goals to reach and their own set of skills to share. In today’s online environment, personal branding is a growing expectation to grow community. That’s why we’ve invited vice president of regional production at loanDepot Brian Covey to speak on a panel titled Building a Personal Brand at HousingWire’s virtual Engage Marketing event on June 17.

Marketing 404
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$1 Million Over

BubbleInfo

Hopefully this will come as a relief to home buyers here – hat tip just some guy: When a house in Berkeley sold for more than $1 million over its list price in late March 2021, it was covered in media outlets across the Bay Area, including this one. While the Berkeley sale was particularly sensational […].

Sales 116
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LoanDepot gaining market share as profits narrow

Housing Wire

Retail powerhouse loanDepot continued to gain market share in the first quarter of 2021 despite tumbling profit margins. And its leadership believes that its scale will enable it to weather any storm better than its competitors as interest rates continue to rise. Closed loan volume in the first quarter increased to $41.5 billion from $37.4 billion in the fourth quarter and $15.2 billion in Q1 2020, according to the lender’s quarterly earnings report.

Marketing 378
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A Digital Toolset

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: HomeSpotter.]. HomeSpotter is a suite of applications for real estate agents, brokers, and MLS providers that includes the following products: Boost automates real estate ad campaigns for social media and search with professional copy and audience targeting.

MLS 109
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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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Genworth to IPO after China Oceanwide deal flops

Housing Wire

Genworth Holdings announced an initial public offering for its mortgage insurance arm, Genworth Mortgage Holdings, after a long-delayed $2.7 billion deal with China Oceanwide Holdings Group ran aground. Genworth Mortgage Holdings also announced it will rebrand to Enact Holdings. The IPO will provide the company with a much-needed bailout, as it stares down $1 billion in debt coming due this year.

Finance 378
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How fake images are infiltrating suburban geography

The American Genius for Real Estate

(REAL ESTATE TECH NEWS) The rise in quality of deepfakes has even lead to the development of fake images in geography and housing. Here's what to look out for. The post How fake images are infiltrating suburban geography appeared first on The American Genius Real Estate.

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Steps to a Safe Open House with Covid-19

Agent Drive

Many realtors and brokers held virtual open houses throughout the pandemic. But with the vaccine rollout throughout the country, Open Houses are making a strong comeback in time for the summer home-buying season. The CDC suggests the following safety guidelines for your Open House If you and the seller determine to do an open house, […]. The post Steps to a Safe Open House with Covid-19 appeared first on AgentDrive.

Marketing 104
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Latest Senior Loan Officer Opinion Survey Indicates Easing Credit Standards

Eye on Housing

The latest results from the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) present standards on bank lending practices as they occurred in the first quarter of 2021. The three major categories of lending covered by the survey are Commercial and Industrial (C&I) loans, Commercial Real Estate (CRE) loans, and Residential Real Estate (RRE) loans.

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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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Toronto Condo Prices Rise 3x Detached Homes, After Government Voices Price Support

Better Dwelling

Greater Toronto real estate prices are seeing high growth accelerate even faster. Toronto Regional Real Estate Board (TRREB) data shows a new record high for home prices in April. Detached home prices are now up six-digits from last year. The big story is condo apartments though. The segment had been lagging the general market over […]. The post Toronto Condo Prices Rise 3x Detached Homes, After Government Voices Price Support appeared first on Better Dwelling.

Marketing 101
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Tacos, Tequila, and the Palm Beaches

Waterfront Properties

Tacos, tequila, and tons of fun today in the Palm Beaches You know Cinco de Mayo is a much bigger deal here in the United States than it is in Mexico, right? It is “nacho” average U.S. holiday. If you are looking for places to celebrate this Cinco de Mayo here are a couple suggestions: Taco Chula (Palm Beach Gardens): 3 tacos (any meats) amp; 1 beer or soda for $10.

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How to Recycle (Extra) Household Items

Point2Homes

Image: New Africa / Shutterstock.com. When you combine the popularity of decluttering and organizing shows with a lot of time spent at home, it’s no surprise that people are realizing they have too much stuff. And while the first step of decluttering can be a hurdle, it can be even tougher to figure out what to do with all those extra belongings. Especially if you want to be environmentally friendly and not send it all to a landfill.

As-is 98
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Self-Guided Beach Cleanup Every Saturday Morning

Waterfront Properties

Every Saturday morning, the Loggerhead Marinelife Center hosts their Self-Guided Beach Clean Up for the public to help keep our beaches in Palm Beach County clean. Now more than ever, the sea turtle research and rehabilitation center needs your help. Sea Turtle Nesting Season begins in early March and go until the end of October. The 9.5 miles span between the northern Palm Beach County line to the northern boundary of John D.

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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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YouTube influencers helping agents to sell luxury homes

Realty Biz

YouTube influencers are shining a spotlight on luxury real estate, with videos that offer a closer look at some of the mansions of the ultra wealthy. This new trend for focusing on high-end properties has improved YouTube’s status as an “important marketing channel for even the most privacy-obsessed home seller”, the Wall Street Journal reported. All the more so in the last year, as the COVID-19 pandemic has meant that far fewer people are able to tour homes in person.

Agents 96
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Why you should use a local Realtor

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: Why you should use a local Realtor. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Jennifer and I had an amazing weekend up north, and while there we started thinking about what properties might be available in that area.

Agents 97
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Inheriting A House: The Challenges of Selling

CT Homes

In the world of real estate, you never know what is on the horizon. There are plenty of times when a situation is thrown on your lap completely out of the blue with unfamiliar circumstances. Such can the case with inherited properties. Dealing with an inherited property or a property in probate can be one of the most difficult and time-consuming processes you can go through.

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Fixer-Upper Furniture: 10 Before-and-After Photos of Makeovers That’ll Blow Your Mind

Realtor.com

Getty Images You see it at a thrift store or yard sale, in your grandparents’ attic, or maybe even at the curb on trash day. It’s that piece of furniture that’s exactly what you’ve been looking for—almost. Don’t let that almost keep you from having the piece you want, especially when it’s such a great deal. With a few tools and elbow grease, you can turn that piece of secondhand furniture into something that’s just your style. “Refinishing is reall

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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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Increasing Agent Adoption of Your Company Tech Tools

RIS Media

Learn the 7×7 Communication Strategy for Dramatic Buy-In and Results! Company tech tool adoption is a major challenge for brokers large and small, and getting your entire management and sales teams excited about new marketing tech tools you have made huge investments in can be a daunting and seemingly overwhelming task. Usually, companies are quick to announce their hottest, new “technology tool” to their agents to show they are investing in their success and there is great valu

Agents 102
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In Which Sam DeBord and I Solve the Clear Cooperation Dilemma

Notorious ROB

I did a livestream on Facebook yesterday with Sam DeBord, a good friend and a fellow supernerd in MLS-related topics. Of course, he’s also the CEO of RESO and an active participant in NAR policy circles, so he’s among the most knowledgeable in the industry on the issues. We debated, discussed, and I’ve embedded the. Read more. The post In Which Sam DeBord and I Solve the Clear Cooperation Dilemma appeared first on NotoriousROB.

MLS 88
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How to Protect Wood Windows From Damage

RIS Media

Wood windows are popular because of their beautiful appearance and excellent insulating properties, but they can be damaged by exposure to the elements. With regular inspections and maintenance, though, they can last for decades. Here are some ways to keep your home’s wood windows in good condition and to quickly spot and address issues that may arise.

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Chicago Bears Legend Brian Urlacher Sacks 2 Big Home Sales

Realtor.com

Jonathan Daniel/Getty Images The Pro Football Hall of Famer Brian Urlacher has clinched two real estate victories. He recently sold both his Phoenix-area mansion and his Illinois country estate, within a day of each other. That kind of real estate skill is worthy of an end-zone dance. Let’s break down the action. Arizona mansion sells. As we recently reported , the Chicago Bears great placed his resortlike home in Queen Creek, AZ, on the market in early April for $2.5 million.

Sales 88
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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.