Mon.Feb 08, 2021

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The last stand for forbearance housing market crash bros?

Housing Wire

In 2021, a lingering symptom of the economic sickness we suffered in 2020 is forbearance. Not the forbearance plans themselves, which allowed mortgage holders to delay their payments for many months, but the fact that 2.72 million homes remain in forbearance and can therefore be considered at risk. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing?

Marketing 544
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6 Foundational Benefits of Homeownership Today

Keeping Current Matters

Over the past year, our homes have become an integral part of our lives more than ever. They’re much more than the houses we live in. They’re our workplaces, virtual schools, and safe havens that provide shelter, stability, and protection through the evolving health crisis. Today, 65.8% of Americans are fortunate enough to call their homes their own.

Equity 254
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Inside United Wholesale Mortgage’s plan to topple Rocket

Housing Wire

Weeks before United Wholesale Mortgage (UWM) went public in a SPAC deal that valued the lender at $16.1 billion, its president and CEO Mat Ishbia said observers shouldn’t expect a different United Wholesale Mortgage or a different Mat. He proved it in his first earnings call. On Thursday morning, Ishbia, in his characteristic fast-talking bravado, bragged about the wholesaler’s position as the biggest purchase lender in the market, cautioned that they’ve prioritized the long ga

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How To Calculate Property Tax: What All Homeowners Should Know

Realtor.com

Aslan Alphan/iStock Need to know how to estimate your property tax? You’ve come to the right place! Most people know that homeownership requires coughing up copious amounts of money. There’s your mortgage , of course, but the costs hardly end there. You will also have to pay property tax. If you already own a home, you can look at how your tax is calculated on the most current property tax statement.

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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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Forbearance rate slowly descends to 5.35%

Housing Wire

The U.S forbearance rate is falling, though not as quickly as it once was. Data released on Monday by the Mortgage Bankers Association showed that the share of servicers’ portfolio volume in forbearance fell 3 basis points to 5.35% last week. For the third month in a row, the MBA estimated 2.7 million homeowners are in some form of forbearance, and for almost four months now, forbearance portfolio volume has hovered between 5% and 6% — the longest a percentage range has held since the surv

Loans 479

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LoanDepot to IPO this week at possible $6.2B valuation

Housing Wire

After pushing back its initial public offering a week, loanDepot looks poised to tap the public markets at a $6.2 billion valuation later this week. The multi-channel mortgage lender hopes to raise $300 million by pricing its shares between $19 and $21. If all goes according to plan, loanDepot would command a valuation of $6.2 billion. Though $6.2 billion is a healthy number, it’s a far cry from the figure loanDepot floated when it first made noise about an IPO in the fall.

Lending 446
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5 Homes on Architectural Digest’s 2021 AD100 List

Sotheby's International Real Estate

Founded over a century ago, Architectural Digest magazine is a perennial source of inspiration for home design and décor. To be featured in any manner by the publication signifies achievement. One of the highest accolades? Being named to the prestigious AD100 list, the magazine’s annual selection of the top 100 international designers and architects working today.

Design 131
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Logan Mohtashami to speak at Spring Summit

Housing Wire

HousingWire ‘s Lead Analyst Logan Mohtashami will discuss which elements and constituents are moving the economic market this year at HousingWire’s Spring Summit on March 4. This is a topic Mohtashami is an expert on — the data analyst and financial writer has been an invited speaker at events held by AmeriCatlyst, the California Association Of Realtors and the National Association Of Women In Real Estate Business , as well as other economic conferences.

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Chip and Joanna Gaines Reveal a ‘Controversial’ Home Trend That’s Red-Hot Today

Realtor.com

Discovery+ Joanna and Chip Gaines have seen plenty of home trends come and go, yet in the latest episode of their new show “Fixer Upper: Welcome Home,” they highlight one particular upgrade that, in the words of Chip, is downright “controversial.” In the episode “Planting Roots in Waco,” Chip and Jo are aiming to remodel the home of one of their employees, John , who moved from New York City to Waco, TX, in order to work with this famous couple.

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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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Redfin’s listings to disclose agent commissions

Housing Wire

The commission gobbled up by a homebuyer’s real estate agent will now be posted on Redfin’s listings. The home listings aggregator announced Monday that they have made public the buyer’s agent brokerage fee on 700,000 listings spread across 65 Multiple Listings Services, which are the National Association of Realtor -created databases of homes for sale that Redfin (and Zillow and other home listings websites) take their information from.

Agents 438
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Grand But Crumbling Ditmas Park Mansion Hits the Market Again at $1.5 Million

Brownstoner

Its columned facade was once a graceful sibling to the manse next door, but for decades the Colonial Revival on Ocean Avenue has been losing its luster. On the market in 2017 for $2.85 million, 1000 Ocean Avenue is back but with a new price of $1.5 million. There aren't… Read More > The post Grand But Crumbling Ditmas Park Mansion Hits the Market Again at $1.5 Million appeared first on Brownstoner.

Marketing 119
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Excelerate Capital acquires Castle Mortgage Corporation

Housing Wire

Excelerate Capital, a multi-state full-service wholesale, retail and residential mortgage banker, announced today the successful completion of its acquisition of Castle Mortgage Corporation. . Headquartered in Newport Beach, California, Excelerate Capital was an early adopter of non-QM lending following the advent of the Ability-To-Repay (ATR) rule in 2014.

Mortgages 391
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Historic Storybook Home by the Designer of Sleeping Beauty’s Castle Is Listed for $2.5M

Realtor.com

Christopher Amitrano/Douglas Elliman If you’ve always wanted to live happily ever after in your own personal palace, we have just the place for you. On the market for $2.5 million, a historic storybook home in the Hollywood Hills awaits a fairy-tale ending. The home last changed hands in 2006 for $1.57 million, and has been lovingly maintained and modernized over the decades.

Design 119
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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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The Pandemic Was Bullish For Canadian Real Estate, Confirms National Stats Agency

Better Dwelling

Canada’s national statistics agency reported real estate prices made the biggest gain in years — during a pandemic. Statistics Canada (Stat Can) data shows real estate prices increased in Q4 2020. The rise was the biggest since 2017, and is being attributed to low interest rates. The data is consistent with local real estate boards, […].

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10 Things to Consider Before Buying a Home in Florida

Realty Biz

Known as the Sunshine State, Florida is a highly desired location for those looking to buy a new family home. With a current population of 21.73 million (2020) and hundreds of unique attractions, it’s certainly understandable why people love it. However, if you’re thinking of making the big move, there are still many things to take into consideration.

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Sylvester Stallone Lists Knockout Mansion for Heavyweight Price of $110M

Realtor.com

Samir Hussein/WireImage Sylvester Stallone has dropped into the ring a massive mansion in the exclusive Beverly Park enclave of Beverly Hills for the heavyweight price of $110 million, Variety reported. The upscale abode is on a cul-de-sac at the end of a long private drive. The contemporary Mediterranean sits on 3.5 acres, with views to Rodeo Drive and beyond.

Land 114
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Mortgage and refinance rates today, February 8, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched higher again last Friday. Although last week saw mostly rises, each movement was small. And these rates remain exceptionally low. First […].

Mortgages 111
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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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Inaugural REACH UK Class Announced

GeekEstate

Last week, the National Association of Realtors and Second Century Ventures announced the Inaugural REACH UK Class. REACH UK marks the third international expansion of the REACH Program, with other cohorts based out of Canada and Australia. Geek Estate celebrates entrepreneurship and international innovation focused on real estate technology, and programs such as REACH are critical to developing a global proptech ecosystem.

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Real Estate Contingencies You Should Know

Maximum Exposure Real Estate

The Real Estate Contingency Explained The definition of a contingency is an action or condition that needs to be met for a real estate contract to become legal and binding. Real Estate contingencies become an integral part of most contracts. If you are going to be buying or selling a home, there are real estate […]. The post Real Estate Contingencies You Should Know appeared first on Massachusetts Real Estate Exposure.

Marketing 105
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Terranova Founder and Chairman Stephen Bittel’s New Leases Provide a Glimpse at a Brighter Horizon

Realty Biz

2020 brought to fruition many trends that may have just been a seedling of change pre-pandemic. No industry has come out of the initial impact unscathed. The commercial real estate market was no exception to this widespread avalanche of change and has taken a hard hit from the pandemic in seemingly every realm. Why rent out office space when the pandemic has proven work can be virtual?

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Valentine’s Day: Setting Up Your Team’s Referral Strategy

RIS Media

Valentine’s Day is approaching, and while it’s typically reserved for romantic outings, there’s no reason why real estate agents and teams can’t show love for their clients and referral business. There are countless puns and an endless stock of chocolate at your disposal—use them wisely. Here’s how you can reach out to clients this Valentine’s Day and remind them you are part of the best team in town: Send a Card.

Branding 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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Bank statements: 3 things mortgage lenders don’t want to see

The Mortgage Report

Bank statements say a lot about a mortgage applicant. Check for 3 common issues when turning your account paperwork in to your lender.

Banks 116
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Support the Arts - Palm Beach County

Waterfront Properties

You can help support the arts in Palm Beach County by purchasing a Florida “State of the Arts” license plate. Introduced by the Florida State Legislature in 1994, this specialty license plate raises funds for programming that benefits local arts and cultural projects across the state. By purchasing a Florida “State of the Arts” license plate in Palm Beach County, you are making a charitable donation to directly support artists on local projects that benefit and impact our community.

As-is 98
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Average % Paid of Last List Price

BubbleInfo

Nobody is giving them away! I think we can agree that list prices today are at or above the all-time highs, yet with demand overwhelming the few listings that are trickling out, buyers are forced to consider going even higher. It’s working too: We usually get some anxious buyers who pay closer to the list […].

Sales 98
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2021 OBB Wahoo Charity Cup: Largest Fishing Tournament Ever Held at OBB Sold Out Resort Rooms

Waterfront Properties

This past weekend, sportfishing yachts, center consoles, and even superyachts travelled to Old Bahama Bay for what is now the largest fishing tournament ever held at the West End resort, the 2021 OBB Wahoo Charity Cup. Not only did 45 boats register in the tournament, but Old Bahama Bay sold out their rooms for the first time in 10 years After adhering to Bahamian customs law in which all travelers had to test negative for Covid-19, participants were greeted with Harry’s famous conch salad, fres

Closing 98
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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.