Housing Wire
JULY 16, 2021
Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. As of July 14, nearly one-third of U.S. home purchases this year were paid with just cash — 30%, specifically — according to a recent Redfin study. That represents the largest share since 2014, when 30.6% of homes were purchased with all cash.
Keeping Current Matters
JULY 16, 2021
Some Highlights. Buyers hoping for more homes to choose from may be in luck as housing inventory begins to rise. Many experts agree – new sellers listing their homes is great news for buyers and the overall market. Although the supply increases are modest , more homes means more options for buyers. A rise in inventory may also help slow the price gains we’ve seen recently and could be a sign of good things to come.
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Housing Wire
JULY 16, 2021
Home sales fell 1.2% from May to June, the largest drop at this time of year on record since at least 2012, according to a new Redfin study released this week. The national median home-sale price hit a record high of $386,888, up 25% year over year, but a slight decline from the record of 26% in May. The number of homes for sale fell 28% year over year from 2020, and the typical home sold in just 14 days — a record low and, down from 39 days in June 2020.
Maximum Exposure Real Estate
JULY 16, 2021
What is Dual Agency and How Does it Work? Are you wondering what dual agency is and how it works? One of my duties as a real estate agent is to explain how agency law works in Massachusetts. I am required by law to present agency law at my first meeting with a prospective […]. The post Having a Dual Agent: Why Buyers & Sellers Should Avoid it appeared first on Massachusetts Real Estate Exposure.
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Housing Wire
JULY 16, 2021
Real estate platform OJO Labs is expanding into Canada, the company announced this week. Canadian customers can now work directly with the OJO concierge team to connect with local agents and mortgage professionals from Royal Bank of Canada , said Natalka Falcomer, who was named president of OJO Home Canada. “OJO Labs provides intuitive, personalized consumer experience, streamlining the process by matching homebuyers and sellers with the insights, tools, and industry experts they need at j
The Mortgage Report
JULY 16, 2021
Down payment assistance is widely available, but many who qualify don't even know about it. Find out if you qualify for home buying help.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
BubbleInfo
JULY 16, 2021
In less than 4 years, Compass has become the dominant residential-resale brokerage in San Diego County, and it’s not close. Even if you added the two CBs together, their market share is less than half of ours. It’s been the aggressive recruiting of top agents that built the sales force, and the vast majority of […].
Housing Wire
JULY 16, 2021
As Chief Operating Officer at First Guaranty Mortgage Corp , Sarah Gonzalez has modernized the FGMC brand, recruited top talent and implemented operational efficiencies that significantly reduce the cost per loan across all production channels. During her third year at FGMC, Gonzalez was recognized by HousingWire as a 2020 Vanguard. The HW Vanguard awards program recognizes C-level industry professionals and business unit leaders who have become leaders in their respective fields within housing
Realtor.com
JULY 16, 2021
Getty Images With the rocky year we’ve all had, it’s important to have a sanctuary in your own home where you can relax, unwind, and have a “Calgon, take me away” kind of experience. Establishing that personal space can do a lot of good for your mental health and well-being. But did you know it can also help increase your home’s value? Bathroom renovations remain one of the most valuable home improvements.
Brownstoner
JULY 16, 2021
It's hard to miss this historic property on the landscape of Elmira, with its massive scale, intricate stone facade and soaring mansard roof topped with a grand cupola. It has all the picturesque exterior features of the Second Empire style, while the interior of the 41-room house is in the… Read More > The post Spread Out in This Massive Mansard Manse in Elmira, Yours for Under $100K appeared first on Brownstoner.
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.
Better Dwelling
JULY 16, 2021
The Canadian property bubble could have been built by the Swiss, it’s moving so precisely. The sales to new listings ratio (SNLR) is a measure of absorption, and has a track record of leading price growth. A couple of months ago, we said the rapid decline in the ratio would lead to price growth peaking […]. The post The Canadian Property Bubble Is Deflating Right On Schedule appeared first on Better Dwelling.
The Mortgage Report
JULY 16, 2021
How soon can you refinance? Most homeowners have no waiting period, or only have to wait six months after buying or refinancing. Learn more here.
RIS Media
JULY 16, 2021
Despite concerns over inflation, Freddie Mac’s quarterly forecast reports a robust real estate market that may be softening when it comes to demand, predicting a strong performance for the remainder of the year. The details: – The average 30-year fixed-rate mortgage is expected to be 3.1% in 2021 and 3.7% in 2022. In 2020, the 30-year averaged 3.1%. – House price growth is expected to be 12.1% in 2021, slowing to 5.3% in 2022.
The Mortgage Report
JULY 16, 2021
Buying a house with bad credit can be challenging — but it's not impossible. Here are a few expert tips to successfully get a mortgage with lower credit.
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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.
RIS Media
JULY 16, 2021
If you want your real estate website to attract visitors and generate leads, you need to enhance it regularly. Here are five things you can work on now to improve search engine optimization (SEO) and increase traffic to your website. 1. Make your real estate website mobile-friendly. Now, more than ever, homebuyers are searching for real estate on their mobile devices.
Brownstoner
JULY 16, 2021
Grand Prospect Hall, the beloved Renaissance Revival banquet hall in Park Slope, sold for $30 million in June as part of a large assemblage of 12 different properties along Prospect Avenue. PincusCo was the first to report the news of the sale. Records show that Angelo Rigas is the new… Read More > The post Park Slope’s Grand Prospect Hall Sells for $30 Million Along With Other Nearby Properties appeared first on Brownstoner.
RIS Media
JULY 16, 2021
The Federal Housing Finance Agency (FHFA) just gave homeowners and lenders a savings opportunity by eliminating the Adverse Market Refinance Fee. Effective Aug. 1, lenders will no longer have to pay Fannie Mae and Freddie Mac a 50-basis point fee for refinance mortgages. . FHFA enacted the fee in December 2020 to “cover projected COVID-19 losses.” According to the agency, the early chop can be attributed to enacted policies that lessened the impact of COVID on consumers and the marke
Realty Biz
JULY 16, 2021
A few hours ago, it was announced that Houston-based Hines real estate investments won a bid to acquire the assets of the Out of The Blue Capsis Elite Resort in Agia Pelagia, on Crete island in Greece. . Out of the Blue Capsis Resort. According to the reports, the international investment firm acquired the 5-star luxury resort for €125.2 million. Hines Interests Limited Partnership, one of the world’s largest real estate investment and management firms, outbid Prodea and Pireaus Bank by a wide m
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.
RIS Media
JULY 16, 2021
The way a home is presented on the market can have a significant impact on perceived value. It goes far beyond cleanliness and decor, however. According to a new Zillow study , the right paint color in the right room can impact price in a big way. Zillow scored colors based on how survey participants responded to properties and the colors of a particular room.
Realty Biz
JULY 16, 2021
Is your well-loved home showing signs of wear-and-tear? Has your property’s wow factor waned over decades of housewarming festivities, birthday extravaganzas, and pow-wows with your immediate family? If so, a good old-fashioned home renovation may be calling your name. During the beginning stages of home resale, sellers should prioritize remodeling efforts to pique the interest of potential buyers and ultimately boost their home’s overall value.
The Mortgage Report
JULY 16, 2021
Today’s mortgage and refinance rates Average mortgage rates fell moderately yesterday, taking them close to their lowest point over the last month. And, indeed, within sight of their all-time low. […].
Realty Biz
JULY 16, 2021
Facebook Inc. is getting into real estate development, financing a 59-acre planned community close to its Menlo Park, California headquarters that will be home to 1,729 apartments, a hotel with 193 rooms, plus retail outlets and a quarter-mile elevated park. The social media giant said 320 of the apartments it will build will be more affordable units, and another 120 are reserved for seniors, it said.
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.
RIS Media
JULY 16, 2021
Rental scams have been an increasing problem in real estate, and a new report from Apartment Guide breaks down which states are experiencing the highest rates of fraud and how much consumers stand to lose. The details: – Most rental scams were reported in January; however, the biggest losses happen in the spring and summer months. May ranks at the top with most money lost at a median of $19,991.15 from 2016 to 2020. – These five states reported the highest percentages of rental scams
Lab Coat Agents
JULY 16, 2021
Prospecting without follow-up is like trying to fill up a bucket that’s full of holes – no matter how hard you try, progress feels impossible. Follow-up is a crucial part of setting listing appointments, but can also be nerve-wracking. When is “too soon” to follow up? What if I sound too pushy? Should I call or text? To help, we interviewed top industry experts and asked how they find follow-up success in their businesses.
RIS Media
JULY 16, 2021
The National Association of Home Builders (NAHB) recently released its Remodeling Market Index (RMI) for the second quarter. The reading of 87 is 14 points higher from the second quarter of 2020—an indicator that residential remodeling confidence, for all project sizes, has increased. The details: – Current Conditions Index: Averaged 91—a 14-point increase from the second quarter of 2020.
Brownstoner
JULY 16, 2021
A brownstone just outside the Park Slope Historic District is part of a distinctive brownstone row that blends Queen Anne and Neo-Grec features. Configured as an owner's triplex over a garden apartment, the building serves up a generous portion of woodwork, including a pier mirror, stair and handsome mantels. The… Read More > The post A Classic Park Slope Brownstone and Three More to See, Starting at $1.728 Million appeared first on Brownstoner.
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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.
RIS Media
JULY 16, 2021
When asked how they plan to achieve their goals, many agents point to marketing, networking and communication as their steps to success. Unfortunately, many agents are unsure about which specific tactics to try for high ROI. We’re excited to highlight some of the tried-and-true tactics from top agents to help you finish out 2021 strong. In this recent RISMedia webinar , Sherri Johnson, CEO and founder of Sherri Johnson Coaching & Consulting, points out that a lot of the tactics used by
Boom Town
JULY 16, 2021
Chaotic markets leave many agents stuck in reaction mode, but that’s not how Q4 real estate success is achieved. How can you shake that and prepare yourself to seize opportunity in Q4 and future-proof your pipeline? We’ve honed in on the top four things that win in today’s market, and tomorrow’s, and $500 million agent, Mary Simmons-Maloney, the Founder/Owner of Hometown Realty , powered by eXp in San Diego, is weighing in with her wise words too.
RIS Media
JULY 16, 2021
Real estate mentors can have a significant impact on an agent’s profitability at the beginning of their careers, but is it an option for everyone? Traditionally, real estate agents had three choices for help in the first stages of their careers: 1. Jump into the deep end right away at the risk of drowning in a sea of rules, regulations, and information. 2.
Brownstoner
JULY 16, 2021
In the News BAM’s Fall Season Kicks Off With a Beach Opera [NYT] Co-Working Spaces Are Back in Brooklyn and There Are Many Options [NYT] They Risked Their Lives During COVID and Still Don’t Earn Minimum Wage [NYT] Brooklyn Gets Surge of Anti-Gun Violence Resources From State [Patch] 'Burg's Leonard Library Closing For Renovations August… Read More > The post Daily Links: Former ‘Worst Landlord’ Sued by Brownsville Tenant for Pandemic Lockout appeared first on Brownstoner.
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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