Thu.May 06, 2021

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More renters and homeowners are making payments

Housing Wire

Fewer than 5 million households failed to make their rent or mortgage payments in March 2021, an improvement from December 2020 and the lowest number since the onset of the COVID-19 pandemic, according to a first quarter 2021 report released by the Mortgage Bankers Association. The study, which surveyed over 8,000 households and was dubbed “Housing – Related Financial Distress During the Pandemic,” found that 7.7% of renters (2.56 million households) missed, delayed, or made a

Mortgages 464
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Why Waiting to Buy a Home Could Cost You a Small Fortune

Keeping Current Matters

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs. To determine if they should buy now or wait another year, they both need to ask two simple questions: Do I think home values will be higher a year from now?

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The past, present and future of real estate commissions

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire Senior Real Estate Reporter Matthew Blake answered questions about his three-part HW+ series on the past , present , and future of real estate commissions. After talking to some of the biggest stakeholders in the industry about real estate commissions, he shares his findings and takeaways in this ask-me-anything conversation.

Agents 414
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How to get your bathroom ready when selling a home

Imagine Your House

Selling a home in an expeditious manner will largely be dependent upon how well you prepare your home, before putting it on the market for sale. Lynn Pineda, Southeast Florida, eXp Realty Real Estate Agent. Simple ways to get your bathroom ready Second topic in Series 1 that’s all about getting your home ready to sell – All things Bathroom. Selling a home in an expeditious manner will largely be dependent upon how you prepare your home when selling.

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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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The odds are stacked against homebuyers with lower credit

Housing Wire

It’s no surprise that borrowers’ credit scores are a vital component to homeownership. That three-digit number determines a person’s financial worthiness and impacts just how much money they can borrow. However, a new study from real estate tech provider OJO Labs found that there is a staggering gap in credit support and guidance among those who need it most.

Mortgages 414

More Trending

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Bay Area team bolts Compass for Side

Housing Wire

Another group of California agents has left Compass for Side , this time in the luxury, coastal environs of Marin County. OWN Marin, a veteran team of five agents, announced last week that they switched from the New York-headquartered brokerage to the San Francisco-based outfit. Created in 2004 by Barr Haney and Whitney Potter, OWN Marin generated $381 million in 2020 sales volume, the agent team reported, on 153 deal sides, meaning that the median home in which they represented seller or buyer

Brokerage 370
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Banks Forecast The BoC Will End QE This Year, And Hike Rates As Early As Next

Better Dwelling

The Canadian economy is recovering faster than expected, and inflation is running hot. As a result, the Bank of Canada (BoC) is expected to hike rates and end QE more quickly than previously thought. Here’s the accelerated timeline two of Canada’s “Big Six” banks see. RBC Forecasts Rate Hikes By Next Year, QE Ending This […].

Banks 136
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Home Point Capital reports decrease in 1Q revenue

Housing Wire

Home Point Capital reported $29 billion in origination volume in the first quarter of 2021 and a net income of $149 million, per the company’s earnings report. That origination volume is a 260% increase year over year, said Willie Newman, CEO and president of Home Point Capital, parent company of wholesale lender Homepoint, and up 23% over the fourth quarter.

Mortgages 382
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Rent to Own: What You Need to Know About Renting to Own

Maximum Exposure Real Estate

Rent to Own Homes—The Basics Have you heard about the potential to rent to own? Lots of people wonder how rent-to-own purchases work. You have probably seen advertisements for rent-to-own properties at one time or another. While these own options are not common, they appear from time to time and may appeal to you if […]. The post Rent to Own: What You Need to Know About Renting to Own appeared first on Massachusetts Real Estate Exposure.

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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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5 Fabulous Closet Design Trends That Are Hot Right Now

Realtor.com

Getty Images; The Container Store Closets come in all shapes, sizes, and styles. And while we all wish we could have a magical closet a la “The Lion, the Witch, and the Wardrobe” to fit all of our stuff in, in the real world we have to work with what we have. Whether big or small, disorganized or tidy, your own closet could probably stand to be refreshed with one (or more) or the latest design trends.

Design 126
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Before making a 20% mortgage down payment, read this

The Mortgage Report

Making a large downpayment is not the conservative investment you believe it is. The risks of putting 20% down on a home are real. Know what you should do.

Mortgages 131
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Pets Home Alone? 6 Ways To Keep Dogs (and Cats) Calm When You’re Gone

Realtor.com

Getty Images Does your pooch panic when you depart? Many pets experience anxiety when left home alone—particularly if they’ve gotten used to you being around 24/7 due to the coronavirus pandemic. Yet as COVID-19 vaccine availability spreads and more people resume their commute to an office, many pet owners might worry how Fido will cope if he can’t curl up near Mom or Dad pecking away at a laptop.

Design 116
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Mortgage and refinance rates today, May 6, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. So we haven’t seen a fall since Monday. Of course, these rates are still very low. But the downward […].

Mortgages 115
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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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Overcoming The Challenges of Decorating A Loft Apartment or Condo

Realty Biz

Loft-style homes are unique living spaces. Here in the greater Boston area you can rent or buy a loft in Lowell , Haverhill, Lawrence, Lynn, Boston, Malden…. Or any city that has old converted commercial or mill buildings. Decorating a loft provides some unique challenges. Lofts are generally located in older industrial buildings from manufacturing districts where certain industries have seen better days.

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The PRO Act: What It Means for Real Estate Agents

Agent Drive

The Protecting the Right to Organize (PRO) Act was passed by the House of Representatives on 3/9/2021. This legislation aims to amend the National Labor Relations Act, which would make this a huge change to current U.S. labor laws. While this proposal has made it through the House, it still has to pass in the […]. The post The PRO Act: What It Means for Real Estate Agents appeared first on AgentDrive.

Agents 111
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Google Maps’ new default route will prioritize green over speed

The American Genius for Real Estate

(REAL ESTATE TECH NEWS) Sorry commuters, but Google Maps will be updating their routes' priority from 'fastest' to 'greenest' route within the next year. The post Google Maps’ new default route will prioritize green over speed appeared first on The American Genius Real Estate.

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Home Prices Increase 11.3% Year Over Year

Lighter Side of Real Estate

High demand and low inventory has driven home prices up across the US. But how much, exactly, have home values increased over the past year? According to CoreLogic’s most recent U.S. Home Price Insights Report , home prices in the United States increased 11.3 percent from March 2020 to March 2021. That means that, if you bought a home for $300,000 in March 2020, that same home would be worth about $333,600 today.

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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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CCP and The Future

BubbleInfo

Two years ago, the National Association of Realtors began the Clear Cooperation Policy, a directive that compels agents to submit their listings to the MLS within one business day after any public marketing. It was an attempt to quell off-market sales, but Glenn says that it’s done the opposite. Specifically, because the CCP allows brokerages […].

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‘Cloffices,’ Sweat Rooms, and DIY Determination: 11 Ways the Pandemic Changed Our Lives at Home Forever

Realtor.com

Getty Images. Home, sweet home became home, still home over the past year-plus of the COVID-19 pandemic. Home is where we hunkered down, and faced massive upheavals to our routines. Maybe the biggest change is what home came to mean to many people—office, gym, school, restaurant, bar, movie theater, and farm stand, all in one. And the home adjusted to accommodate all these new demands on its spaces.

Design 105
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Foreclosure and Eviction Moratorium End in Sight, What Next?

RIS Media

The end of federal foreclosure and eviction moratoriums is on the horizon, leaving many wondering, “what’s next?” On one side, previous reports from Bloomberg predicted a wave of foreclosures that would hit millions of low-income homeowners after forbearance provisions and the foreclosure moratorium ended. On the other hand, many mom-and-pop landlords and property owners are hopeful that things will return to normal after more than a year of shouldering financial burdens caused

Equity 106
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Tips For Marketing Your Real Estate Agency

Realty Biz

Things are starting to get back to normal after a year of shutting down the world. Businesses are taking steps to get back one hundred percent. Your real estate agency is no different. You have to get back in the game to keep your business going. The first thing you are going to need to do is to get your name back out there. You might have some ideas of how to do so, but you are going to need to work on the execution.

Marketing 101
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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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Housing Affordability Shows Signs of Weakening as Challenges Lie Ahead

Eye on Housing

Housing affordability weakened slightly during the first quarter of 2021 as rising material costs and supply shortages, along with expected increases in mortgage rates stemming from a growing economy, are likely to exacerbate affordability challenges in the year ahead. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), 63.1 percent of new and existing homes.

Mortgages 105
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Every Property Bill and Melinda Gates Owned Together

RISMedia

On Tuesday, Bill and Melinda Gates revealed in a statement via Twitter that they were ending their marriage. Since then, it has been revealed that the two never signed a prenuptial agreement, instead opting for a “separation agreement.” The process of splitting the couple’s assets will be a mammoth task. Bill and Melinda have diversified […].

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Putting ‘For Sale By Owner’ into perspective

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: Putting ‘For Sale By Owner’ into perspective. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Today there are a number of real estate companies that help homeowners sell their own house with promises of big savings.

Sales 97
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Go For Brunch This Mothers Day

Waterfront Properties

Mother’s Day is an annual holiday that is celebrated on the second Sunday in May. The day is to celebrate and honor mothers, a tradition that dates back to the early 1900’s. The first known Mother’s Day was celebrated on May 9th 1914, when President Woodrow Wilson declared the day and asked Americans to give a public ‘thank you’ to their mothers and all mothers.

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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.