Housing Wire

NOVEMBER 18, 2020

Mortgage applications decreased 0.3% last week, following a 0.5% drop from the beginning of November , according to a report from the Mortgage Bankers Association. . The refinance index dropped 2%, while the unadjusted purchase index fell 1% from the previous week. The seasonally adjusted purchase index climbed 3%. The refinance and purchase indexes still dwarf last year’s totals from the same week, though – 98% and 26% year-over-year, respectively.

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Keeping Current Matters

NOVEMBER 18, 2020

There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During the housing crash of 2006-2008, many felt homeowners should be forced to pay their mortgages despite the economic hardships they were experiencing.

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Housing Wire

NOVEMBER 18, 2020

Real estate agents across the country have made it clear – low inventory and low mortgage rates have kept them busy throughout the pandemic, especially in typical vacation destinations. That trend is holding true for the housing market in Hawaii, located about 2,500 miles west of the mainland. According to Title Guaranty Hawaii , single-family home sales in the month of September were up 46.2% year over year on the big island, Hawaii.

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Eye on Housing

NOVEMBER 18, 2020

The number of single-family homes built-for-rent (SFBFR) posted a year-over-year increase for the third quarter of 2020. The SFBFR market is a way to add single-family inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period of when people want more space and single-family structures.

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Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

Technology

Housing Wire

NOVEMBER 18, 2020

Out-of-town moves are on the rise, and it’s largely thanks to the pandemic. Some homebuyers are looking to move closer to friends and family, while others are simply on the hunt for more space and a break from cramped urban cores. . There are also changing work arrangements to consider. With remote work growing in popularity, proximity to the office is no longer a priority.

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Housing Wire

NOVEMBER 18, 2020

At the Notarize Rewired event Wednesday on the panel, Home Buying After COVID, four experts talked about some of the largest pain points in the title industry. When asked if they could change one thing, or “wave a magic wand,” about the housing industry’s journey toward digital mortgage adoption, the panelists were clear: integration. The trend toward a fully digital mortgage continues to grow.

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Realtor.com

NOVEMBER 18, 2020

Feverpitched Video tours have quickly become the norm in the COVID-19 era as a safe way to get a closer look at the house you want to see in person. And while no doubt the kitchen and living room are high on your list to check out, the bedroom deserves more than a passing glance. After all, a bedroom isn’t just a place to catch some zzz’s; it’s also a place that can function as a retreat or a quiet workspace.

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Housing Wire

NOVEMBER 18, 2020

The homeownership rate in Texas rose to an all-time high of 70% in the third quarter, exceeding the national metric for the first time since 2012, according to a report from the Texas A&M Real Estate Center. Texas home sales pushed third-quarter activity up compared to “depressed” Q2 levels, rebounding 6.3%. The report said that thanks to record low mortgage rates , new home transactions increased over 8%.

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VA loan Construction Mortgages Development 410

Realtor.com

NOVEMBER 18, 2020

borchee/Getty Images Most people don’t give much thought to lighting their home. Sure, you may purchase a trendy table lamp or tall torchiere to illuminate a space and that’s about it. But interior lighting can affect the mood of your entire living space—and now that so many of us are spending more time at home, there’s never been a better time to reconsider your lighting choices.

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

Development

Housing Wire

NOVEMBER 18, 2020

Single-family housing starts gained for the sixth consecutive month in October on an annualized pace not seen since April 2007, a Census Bureau report released Wednesday revealed. Housing starts overall rose 4.9% in October compared to September’s pace and to a seasonally adjusted annual pace of 1.53 million starts – the highest since this February.

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RIS Media

NOVEMBER 18, 2020

If you’ve been checking up on the latest real estate news, you’ve probably seen quite a few reports saying that housing inventory is low at the moment. Understandably, this can be unsettling for agents seeking out a new listing or helping a current buyer find their dream home at a reasonable price. However, with 80 million households in this country, the fact of the matter is that there’s no shortage of housing inventory.

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Housing Wire

NOVEMBER 18, 2020

HousingWire recently spoke with CoreLogic’s Chief Appraiser Shawn Telford about re-examining traditional appraisal workflows in light of the changes brought on by COVID-19. HousingWire: What changes have appraisers had to make to their workflows in light of social distancing and other COVID-related concerns? Shawn Telford: What has changed in many cases is how lenders are asking appraisers to form opinions of value.

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RIS Media

NOVEMBER 18, 2020

While much has been negatively affected due to the ongoing coronavirus pandemic, there’s one segment of the economy that has continued to thrive despite the surrounding challenges: the housing market. During the “Residential Economic Issues & Trends” forum, held during the National Association of REALTORS’® virtual 2020 Conference & Expo , Chief Economist Lawrence Yun stated the housing industry has exceeded expectations for 2020.

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Residential Marketing Sales Industrial 119

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

The Mortgage Report

NOVEMBER 18, 2020

Find out who took gold in JD Power's 2020 mortgage lender satisfaction study, and learn how to choose a mortgage lender that's right for you.

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Mortgages 119

RIS Media

NOVEMBER 18, 2020

Are you creating mutually beneficial client relationships in your business? You’d be surprised at how many luxury real estate professionals don’t know they’re leaving opportunities on the table with their prospects and clients. Because before you sell listings, work with buyers, or market your services , it’s critical to know how to find, grow and nurture client relationships.

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Development As-is Branding Residential 119

Jason Fox

NOVEMBER 18, 2020

How to Stand Out from the Competition When Selling Luxury Realty. There’s a lot that goes into selling property. And when those properties are worth millions, there’s even more to it. The luxury real estate market is much smaller than the lower-income sector, and clients looking to invest are going to expect an agent that offers a particular level of service.

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Eye on Housing

NOVEMBER 18, 2020

The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending November 13, 2020, mortgage application activity decreased by 0.3% from the prior week on a seasonally adjusted basis, as indicated by its Market Composite Index. However, the Purchasing Index, increased by 3.5% from the previous week while the Refinance Index decreased by 2%.

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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

Brokerage

Realtor.com

NOVEMBER 18, 2020

Stefanie Keenan/Getty Images Reese Witherspoon , star of “Legally Blonde,” recently sold her Malibu, CA, farm for $6.7 million, Variety reported. But beyond the shores of Malibu, the Academy Award-winning actress is also used to winning in her real estate dealings. With one notable exception. The producer and star of the Hulu hit “Little Fires Everywhere” seems to have homes everywhere.

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Realty Biz

NOVEMBER 18, 2020

If investing was a straightforward task, the world markets would be flooded with countless Warren Buffets making their mark every day. One of the most sensationalized investment avenues in our time is real estate but do not be fooled; it just ain’t for everyone! Real estate is an investment niche in which those who excel in it have extensive know-how and heavily rely on concrete data to guide their investment choices.

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RIS Media

NOVEMBER 18, 2020

Weichert Real Estate Affiliates, Inc. has been named one of the top franchises in the country for military veterans for the third time in five years, according to the Franchise Business Review. Weichert® was one of just 80 franchise brands to earn the honor from the independent research firm in its “2020 Top Franchises for Veterans” report.

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Realtor.com

NOVEMBER 18, 2020

realtor.com While most of us live in homes with square footage hovering in the low four digits, there are a few homeowners who live much larger—in every sense of the word. And with a need for space to spread out at the top of most home shopper’s minds, we present the 10 biggest homes to land on the market this week. A couple of these hulking homes tip the scales at over 30,000 square feet—and the smallest of the bunch measures in at a not-at-all-petite 17,000.

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Marketing Commercial Land Renovation 111

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

Realty Biz

NOVEMBER 18, 2020

With the pandemic showing no signs of abating, home buyers are increasingly searching for properties that can accommodate their older family members. Buyers say they want to keep their aging family members out of senior living facilities, as these are at increased risk of COVID-19 due to the group setting nature of their services and facilities. As such, there is a growing demand for larger homes that can accommodate more people, the Wall Street Journal reported.

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As-is 107

Brownstoner

NOVEMBER 18, 2020

The love of cycling isn't a new thing in Brooklyn; in the 1890s, the borough was a biking hot spot. A new virtual tour from the Municipal Art Society will bring you to the heart of Brooklyn's 19th century craze with rival clubs, day trippers and trick riders. Join Brownstoner columnist… Read More > The post Do Some 19th Century Virtual Biking With a Tour Through Brooklyn’s Cycling Craze appeared first on Brownstoner.

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The American Genius for Real Estate

NOVEMBER 18, 2020

(TECH NEWS) The team that plays together, bonds together, or at least that is the thought behind the new Trivia for MS Teams. The post Build better remote bonds with team trivia, thanks to MS Teams appeared first on The American Genius Real Estate.

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Technology 105

Waterfront Properties

NOVEMBER 18, 2020

Starting this Saturday, the Center Court of The Gardens Mall will look a little like The North Pole. This weekend, Santa and his helper Elves are taking over the center of the mall to bring some holiday cheer. The annual visit with Santa Claus will look a little different this year. The Gardens Mall plans to let you “Whisper your wishes to Jolly Old Saint Nick” starting on Saturday, November 21st during regular mall hours.

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

Brownstoner

NOVEMBER 18, 2020

The city is suing a high-profile pair of Brooklyn landlords for an alleged attempt to evict tenants from their Crown Heights townhouse amid the state’s eviction moratorium, the Mayor’s Office to Protect Tenants announced Tuesday. The landlords, Gennaro Brooks-Church and Loretta Gendville, allegedly harassed and locked tenants out of their home… Read More > The post City Announces Lawsuit Against Crown Heights Landlords Over Alleged Eviction appeared first on Brownstoner.

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Marketing 105

The Mortgage Report

NOVEMBER 18, 2020

Today’s mortgage and refinance rates Average mortgage rates edged lower again yesterday. And conventional loans started out this morning at 3.0% (3.0% APR) for a 30-year, fixed-rate mortgage. These rates […].

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Fixed-rate mortgage Mortgages Loans 105

App Folio

NOVEMBER 18, 2020

In the past year, the multifamily industry has turned to technology to overcome the unique obstacles brought on by COVID-19. Many owners and managers had intended to gradually transition into some of these solutions that enhanced efficiency, but then practically overnight, they found themselves having to pivot when nationwide shutdowns were put in place in March.

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