Tue.Sep 08, 2020

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Mortgage forbearance rate falls to a nearly 5-month low

Housing Wire

The U.S. forbearance rate in the last week of August fell to the lowest level since mid-April, according to the Mortgage Bankers Association. The rate dropped to 7.16% from 7.2% in the prior week, MBA said in a report on Tuesday. The forbearance rate for Fannie Mae and Freddie Mac loans dropped eight basis points to 4.8%, while the rate for Ginnie Mae loans that include loans backed by the Federal Housing Administration increased four basis points to 9.62%.

Mortgages 545
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Have You Ever Seen a Housing Market Like This?

Keeping Current Matters

The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live. This year’s real estate market is certainly no exception to that shift, with historic highlights continuing to break records and challenge what many thought possible in the housing market. Here’s a look at four key areas that are fundamentally defining the market this year.

Marketing 254
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Consumer borrowing regains pre-pandemic pace, Fed says

Housing Wire

U.S. consumer borrowing rose 13% in July, the biggest gain since the month before the COVID-19 pandemic shut down the economy, according to a report on Tuesday from the Federal Reserve. It was the fastest pace since February’s 20% gain, which was followed by plunges of 12% in March, 69% in April, and 18% in May. Borrowing began increasing in June, with a 9% bump.

Loans 505
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7 Things Professional Organizers Really Wish You Wouldn’t Do

Realtor.com

lisegagne / Getty Images Think it’s high time to organize your closet, declutter your junk drawer, or tame the chaos in your kids’ rooms—or maybe your entire house? Home organization is a worthwhile pursuit—but according to home organization experts, even the best intentions can be easily derailed. Yup, there’s a right way to sort and arrange your stuff, and a very wrong way!

Design 134
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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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Mortgage lending sets a 20-year record with $1.1T in Q2

Housing Wire

U.S. lenders issued a staggering $1.1 trillion in home loans between April and June, marking the biggest quarter in at least two decades, according to mortgage data firm Black Knight. The record quarter highlights the growing disparity between homeowners who are primed to take advantage of perfect conditions, and those who are simply desperate to not lose their homes.

Lending 475
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Prepper Palace: Ride Out the End of the World in Georgia for Under $1M

Realtor.com

realtor.com On one Georgia property, there’s plenty to do while waiting for the end of the world. Should that ever happen, the next owner will be very, very prepared. The house on Lovvorn Mill Road in Bowdon, GA, is listed for $979,000 and comes with a big, well-appointed, underground shelter. Above ground, the 15-acre property known as Indian Creek Farm includes a spacious 3,000-square-foot house, tennis court, miniature golf course, pool, and gristmill.

Land 120

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Inside a Magnificent East Hampton Compound

Sotheby's International Real Estate

Expansive acres of lush reserve land and the waters of Gardiners and Napeague Bays create serene seclusion and a stunning backdrop for this magnificent 2.1-acre compound, sited high on a bluff affording unprecedented privacy and a sweeping view. With a masterfully crafted main residence and a spacious, equally stylish guesthouse, the estate offers a total of nine restful bedrooms and an array of sophisticated spaces for living and entertaining indoors and out.

Land 116
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CoreLogic stockholders will decide board’s fate on Nov. 17

Housing Wire

On Nov. 17, stockholders of CoreLogic will get to cast their vote on whether to replace the current board of directors with nominees proposed by Cannae Holdings and Senator Investment Group at a special meeting. In a letter to stockholders, CoreLogic urged them not to sign a proxy card sent by Senator or Cannae and reminded them that only their last vote on the matter would count.

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Mortgage rate and housing market predictions for late-2020

The Mortgage Report

We asked 10 housing and finance experts for their mortgage rate predictions and housing forecasts for late-2020. Here's what they said.

Mortgages 132
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In Colorado, $20 Million Will Buy You a Real-Life Castle Steeped in History

Fancy Pants Homes

While on the West Coast, homes in the $20 million range compete in cutting edge amenities and intricate home design , heading to the Rocky Mountains introduces us to a whole new type of ultra-luxury: the type that comes with massive acreage and tons of history. That’s the case with Colorado’s iconic Redstone Castle — a 153-acre property known as one of the state’s most storied monuments — which was recently listed for sale with a $19.75 million price tag.

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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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Mortgage Refinancings Boom, Even as Coronavirus Hits Economy

Realtor.com

Bing Guan/Bloomberg via Getty Images The mortgage market recorded its best quarter in years this spring, a reflection of how the housing market is booming in 2020 even as much of the economy stumbles. Lenders issued $1.1 trillion in home loans between April and June, according to mortgage-data firm Black Knight Inc. That was the biggest quarter in the company’s records, which date to 2000.

Mortgages 110
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Consumer Health: What Are the Benefits of Juicing

RIS Media

(TNS)—Juicing is not any healthier than eating whole fruits and vegetables. Juicing extracts the juice from fresh fruits or vegetables. The resulting liquid contains most of the vitamins, minerals and plant chemicals (phytonutrients) found in the whole fruit. However, whole fruits and vegetables also have healthy fiber, which is lost during most juicing.

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Roomy Victorian Flat With Original Wood Floors, Modern Bath in Park Slope Asks $1.395 Million

Brownstoner

Occupying the second floor of a late 19th century flats building, this Park Slope condo is spacious, renovated with a clean white palette and still maintains a few original features, most notably the layout. Located at at 17 St. Johns Place, it's within walking distance of a number of neighborhood… Read More > The post Roomy Victorian Flat With Original Wood Floors, Modern Bath in Park Slope Asks $1.395 Million appeared first on Brownstoner.

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Sinking, Sagging and Other Signs Your Home Has Serious Foundation Issues

RISMedia

By Anita Ginsburg Your home's foundation must remain stable and secure because it literally supports the entire structure and all of its occupants. Luckily, most foundations, if built effectively, can last decades. Related: What Makes A Home Foundation Sound? Over time or due to major storm damage, though, a foundation may begin to show evidence […].

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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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8 Basic Steps to Becoming a First Time Landlord

Realty Biz

Becoming a landlord is one of the easiest ways to invest in real estate. If you have a little extra money, property prices in your area are low, and rent rates are profitable, now may be the time to invest in real estate to generate additional monthly income. During these trying times of COVID-19, the real estate market has continued to flourish – in no small part due to historically low-interest rates.

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Tips for Holding a Safe Open House

RIS Media

Safety during open houses is a concern for all real estate agents and their teams. Use these tips to stay safe: 1. Always try to have at least one other person working with you at the open house. 2. Check your cell phone’s signal strength on the premises before the open house. Program emergency numbers on speed dial. 3. Upon entering a house for the first time, check all rooms and determine several “escape” routes.

Agents 102
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The Legend of Trapper Nelson

Waterfront Properties

One of the most interesting characters in Palm Beach County history is “Trapper Nelson”, a legendary woodsman with a scandalous past who owned 858 acres on the Loxahatchee River in Jupiter, Florida. Originally born as Victor Nostokovich of Trenton, New Jersey, Trapper Nelson served time in Mexico for gun-running, and headed east after his release to settle in Jupiter with a new name.

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Become a More Accessible Agent With Videos…Starring You!

RIS Media

Video marketing in real estate is an essential part of every agent’s social media strategy. With COVID-19 still sweeping the country, more and more homebuyers are relying on videos to guide them through their home search. Though virtual home tours are a key feature, video should not be limited to just your listings. Curating videos with a more personal touch allows your followers to get a better idea of who you are as an agent…and a person.

Agents 102
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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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Mortgage and refinance rates today, September 8, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose quite sharply last Friday, a possibility of which we warned that morning. Good employment data were behind the rise. Conventional loans […].

Mortgages 101
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CoreLogic Reports Serious Delinquencies Spike in June as Financial Pressures Build for Homeowners

RIS Media

CoreLogic® released its monthly Loan Performance Insights Report for June 2020. On a national level, 7.1 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure). This represents a 3.1-percentage point increase in the overall delinquency rate compared to June 2019, when it was 4 percent. To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency , including the share that tra

Staging 102
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Things That Require Climate Controlled Storage

Maximum Exposure Real Estate

What to Know About Climate-Controlled Storage Are you buying or selling a home and have figured out that you’ll need to have a temporary self-storage unit? If you need to store your items, you’ll find companies offering climate-controlled storage units. These will be more costly when compared to standard units, and you might be more […].

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Downtown Brooklyn Tower May Get Wider Sidewalks With Bjarke Ingels Group Redesign

Brownstoner

The developer of a Downtown Brooklyn luxury high-rise is looking to widen the sidewalks and spruce up the surroundings outside its new Hoyt Street building, which would create more open space for pedestrians amid the COVID-19 pandemic, a business booster said at a community board meeting on Aug. 20. “In light… Read More > The post Downtown Brooklyn Tower May Get Wider Sidewalks With Bjarke Ingels Group Redesign 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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How to tell your story through- Instagram Stories

Lab Coat Agents

It’s time to tell your story, not just professionally, but the reality of your world. It is often forgotten that with your stories, you are the star of the show. Your in-feed is well thought-out and a perfected version of your brand, so you need your stories to show the real picture, from family events and vacations to behind-the-scenes at house tours and your work with other realtors. .

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Buying a Country Home: What You Need to Know

Point2Homes

Image: TTphoto / Shutterstock.com. Are you dreaming of greener pastures and wide-open spaces? After spending so much time at home, many people are re-evaluating how they want to live. A short commute and nearby amenities were once at the top of most new home checklists. But now a surprising amount of people are ready to abandon their urban dwellings in search of the perfect country house, for more space and fewer crowds.

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Brooklyn Real Estate Six Months Later: Two Sold, Two Still Available

Brownstoner

Another week, another look back at four of our featured listings from six months ago, focusing on homes in Clinton Hill, Fiske Terrace and Park Slope. How did they fare? A clean-lined one-bedroom in the World War II-era Clinton Hill Co-ops comes equipped with a gleaming white-and-black kitchen and a bathroom… Read More > The post Brooklyn Real Estate Six Months Later: Two Sold, Two Still Available appeared first on Brownstoner.

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6 Ways To Freshen Up Your Home With Lavender Essential Oil

Realtor.com

grafvision/Getty Images In case you hadn’t noticed, some people get a bit obsessive about lavender oil. Can an essential oil actually have fans ? It seems so: This purple, fragrant flower has long been cherished for its medicinal and aromatherapeutic benefits, deployed to treat everything from allergies to insomnia. But as it turns out, lavender oil also has a number of high-impact uses around the home.

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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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How Peanut Island Got Its Name

Waterfront Properties

Peanut Island is one of the many treasures of the Palm Beach County outdoors. This small island near the mouth of Palm Beach Inlet is known as a Florida wonderland of boats at the sandbar, snorkeling, camping, and kayaking. Most people assume that Peanut Island got its name because of its size or even shape, but its name is actually rooted in its history.

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#275: Avoid These 13 Hidden Money Mistakes That Most People Make, with Jill Schlesinger

Afford Anything

It’s September! I’m on round two of what I’ve dubbed my September Sabbatical, otherwise known as my yearly time to take a one-month recess from podcast production. Throughout September, we’re airing some of the most insightful, inspiring interviews from the archives. You’ll hear from experts discussing topics like habits, happiness, focus, digital minimalism, classic financial lessons and easy-to-make financial mistakes.

Finance 96
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Registration Now Open For The 2020 Gardens Of Life Palm Beaches Marathon

Waterfront Properties

Registration is now open for the 2020 Garden of Life Palm Beaches Marathon this December 2020. The race is still a few months away but now is the time to reserve your spot. The event is not just a marathon, but a weekend long event filled with a half marathon, 5K, 10K, marathon relay, marathon, special events, live music, fireworks, and much more. The race is expected to take place this December 2020 along the waterfront of West Palm Beach and throughout the downtown area.

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The Ultimate List of FREE Real Estate Marketing Resources

Agent Fire

Check out our curated list of 45 real estate marketing resources you can start using today to supercharge all of your marketing efforts, without emptying your bank account. The Ultimate List of FREE Real Estate Marketing Resources is just one of many great real estate strategies on The Spark.

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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.