Housing Wire

APRIL 9, 2021

The Urban Institute ‘s Housing Finance Policy Center recently posited that down payment assistance for first-generation homebuyers could help turn the tide of systemic racism by reducing intergenerational wealth disparities. Researchers said federal, state, and local housing policies have “systematically excluded Black families and other families of color from homeownership,” with one UI study projecting the Black-white homeownership gap – at more than 30 percentage point

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Equity Finance Closing Mortgages 441

Keeping Current Matters

APRIL 9, 2021

Some Highlights. If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are discovering the value of a multigenerational home.

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Marketing 312

Housing Wire

APRIL 9, 2021

Better.com has received a $500 million investment from SoftBank that values the digital mortgage lender at about $6 billion, CNBC reports. Although the news was initially reported by The Wall Street Journal , CNBC confirmed the news later with sources familiar with the matter. Better’s last funding round was in November 2020 where it was valued at $4 billion, Pitchbook data shows.

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Commercial Investor Loans Banks 421

Realtor.com

APRIL 9, 2021

Getty Images As you scroll through the real estate listings, you might spot a few that say the house is “under contract.” But what does “under contract” mean? In most cases, a property is listed as “under contract” once a buyer has made an offer and the seller has accepted. While that’s a big step, it doesn’t mean the deal is done quite yet.

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Backup offer Sales Inspection Closing 144

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

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. But don’t confuse its new program with iBuying – they’re looking to solve the sell-before-you-buy dilemma in a different manner. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) ,

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Equity Brokerage Mortgages Title 410

Housing Wire

APRIL 9, 2021

One of Mighty Buildings 3D-printed ADUs. Photo credit: Mighty Buildings. Aging parents. College students returning to the fold. Millennials seeking affordable housing in high-priced markets. People with disabilities who can live on their own but need a little family support. All of these populations comprise the target market for accessory dwelling units (ADUs), commonly referred to as granny flats, in-law suites, casitas or guest houses – self-contained living units that usually have their own

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New Construction Construction As-is Industrial 410

Eye on Housing

APRIL 9, 2021

Prices paid for goods used in residential construction ex-energy rose 2.4% in March (not seasonally adjusted) and have increased 9.8% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019.

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Residential Construction 134

Housing Wire

APRIL 9, 2021

Canadian real estate technology company Voxtur Analytics Corp. closed on the acquisition of appraisal management software firm Appraisal Now for approximately $30.5 million, the company said this week. “This strategic acquisition bolsters recurring revenues and accelerates the development of Voxtur’s data ingestion engine, allowing clients to achieve optimal efficiency and cost savings,” Voxtur said in a statement.

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Technology Investor Development Loans 397

Sotheby's International Real Estate

APRIL 9, 2021

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Guilford, Connecticut | Carol Mancini, William Pitt Sotheby’s International Realty . The 1,149 sq ft beach house has a steel and concrete ship-like form featuring sharp angles and weathered New England-style timber cladding. Geometry rules at this architect’s dramatic Connecticut coastal retreat – The Spaces.

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Development Sales Closing Marketing 131

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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

APRIL 9, 2021

Over the last several years, non-bank mortgage originators have established a much larger market share. Additionally, non-bank servicers have more than doubled their ownership of servicing rights in the last 10 years. This gives non-bank lenders and servicers significantly greater access to more consumers and provides an opportunity for student lending to make an impact.

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Lending Banks Loans Finance 397

Better Dwelling

APRIL 9, 2021

Canadian banks have begun to weigh in on new mortgage changes, and they aren’t optimistic. Earlier today, the Office of the Superintendent of Financial Institutions (OSFI) announced a revision to the uninsured mortgage stress test. The change will shrink supersized mortgage budgets, reducing the number of over-leveraged borrowers. Two of Canada’s largest banks say it’s […].

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Banks Mortgages 129

Housing Wire

APRIL 9, 2021

In Lender Letters issued on Thursday, Fannie Mae and Freddie Mac confirmed that loans purchased by the GSEs with application dates on and after July 1, 2021, must meet the standards of the Consumer Financial Protection Bureau’s Revised Qualified Mortgage Rule. In the letters, the two government sponsored enterprises state that they will follow the directive laid out in their amended Preferred Stock Purchase Agreements with the Treasury Department, which forbid Fannie and Freddie from buying QM l

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Loans Purchase and sale agreement Staging Mortgages 332

The Mortgage Report

APRIL 9, 2021

Self-employed first-time home buyers face obstacles other buyers don't. Learn what to expect and how to get mortgage-approved.

Mortgages 116

Mortgages 116

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

RIS Media

APRIL 9, 2021

CoreLogic® recently released the CoreLogic Home Price Index (HPI ) and HPI Forecast for February 2021. Home prices continued to increase in February, reaching the highest annual gain since April 2006, as demand continues to clash with historically low supply. These factors have created increased affordability challenges, especially as mortgage rates also begin to rise.

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Closing costs Mortgages As-is Closing 111

The Mortgage Report

APRIL 9, 2021

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday, extending the period since we last saw a rise. That was March 30. Unfortunately, it was looking first thing […].

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Mortgages 111

RIS Media

APRIL 9, 2021

RISMedia recently released the full Top 1,000 Power Broker Report for 2021. The report is now in its 33rd year, making it real estate’s longest running, premier ranking of the industry’s most successful brokerages, categorized by sales volume and transactions. View the 2021 Power Broker Rankings here. This year’s rankings reflect the industry’s unwavering attitude to persevere and tackle challenges head on, even amid uncertainty.

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Brokerage Industrial Sales Staging 105

The Mortgage Report

APRIL 9, 2021

If you want to save more money by refinancing your house, make sure to compare refinance rates and lenders. Tips for getting the best refinance rates here.

Mortgages 111

Mortgages 111

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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

Brownstoner

APRIL 9, 2021

East Flatbush and its surrounding neighborhoods have less parkland than any other district in the city, with only 1 percent of the area’s 2,000 acres dedicated to recreational green space, according to a recent report. Community District 17 — encompassing East and Northeast Flatbush, Remsen Village, and Ditmas Village —… Read More > The post Study Finds One Brooklyn District Has Less Parkland Than Any Other Area in the City appeared first on Brownstoner.

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BubbleInfo

APRIL 9, 2021

On Monday, I got my two counts backwards for 2020 & 2021, which made it look like the number of new listings was picking up. But it was wrong – here is today’s counts of new listings in the first quarter: New NSDCC Listings in the First Quarter: 2017: 1,296 2018: 1,230 2019: 1,278 2020: […].

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Brownstoner

APRIL 9, 2021

In the News $2.1 Billion for Undocumented Workers Signals State’s Progressive Shift [NYT] To Combat Anti-Asian Attacks, Residents Join Watch Patrols [NYT] Here’s Where Elderly Can Get COVID Vaccines Without Appointment [NYP] City Announces New ‘Four Case’ Rule for Public School Closures [amNY] Volunteers Are Funding Open Streets Programs. Why Isn’t the City?

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RIS Media

APRIL 9, 2021

ATTOM Data Solutions recently released its 2020 property tax analysis for almost 87 million U.S. single family homes, which shows that $323 billion in property taxes were levied on single-family homes in 2020, up 5.4% from $306.4 billion in 2019. The average tax on single-family homes in the U.S. in 2020 was $3,719—resulting in an effective tax rate of 1.1%.

Marketing 102

Marketing Mortgages Industrial 102

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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

Brownstoner

APRIL 9, 2021

Our picks for open houses to see this spring weekend are all in move-in-ready condition with some original details. Two of them come with the bonus of off-street parking. Found in Prospect Heights, Ditmas Park West, Flatbush and Marine Park, they range in price from $999,000 to $2.295 million. First… Read More > The post A Bungalow With a Garage and Three More to See This Weekend, Starting at $999K appeared first on Brownstoner.

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Marketing 98

First Team Real Estate

APRIL 9, 2021

Brandice Presley is the team leader of The Presley Group , among the top real estate agents in Huntington Beach, CA. Previously working in hospitality management, including luxury institutions such as the Ritz Carlton Hotel in Grand Cayman Islands, Brandice began her real estate career in 2013. In just a few short years, she was running one of the top real estate teams in Orange County , specializing in high-end coastal real estate.

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Agents Branding Development Sales 98

RIS Media

APRIL 9, 2021

A bad smell in your home can indicate that your family’s health is at risk. Although air fresheners and scented candles may cover up a smell, at least temporarily, they don’t address the source of the issue. They may also contain ingredients that can cause allergic reactions or that may be toxic. . How to Deal With Offensive Smells. If the source of the smell is something that you can remove from the house, such as rotten food, get rid of it.

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As-is 98

Waterfront Properties

APRIL 9, 2021

During the month of April, the Jupiter Inlet Lighthouse and Museum is hosting their popular and reoccurring Lighthouse Sunset Tours. The sunset tours take place on Wednesday nights and make plans to attend at least one this April. Wednesday nights the Lighthouse is open to visitors for the Lighthouse Sunset Tour. Visitors can climb the 105 steps to the top and take in the incredible sunset views over Jupiter.

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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

RIS Media

APRIL 9, 2021

Young kids often get into things they shouldn’t. If you place something high on a shelf to keep it out of reach, your determined toddler may try to get it when you’re not looking. . Even if you put things that your child might find tempting in cabinets or drawers so they’re hidden from view, that may not be enough. Some kids think climbing on furniture is fun and don’t understand the danger. .

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Design As-is 98

Brownstoner

APRIL 9, 2021

While some historic sites still have limited access to their historic interiors there are plenty of lush landscapes to visit that mix a dose of fresh air with a dash of history. We've rounded up five sites that are kicking off their 2021 spring season with a focus on outdoor programming… Read More > The post Social Distance Amidst Spring Beauty at These 5 Historic Sites appeared first on Brownstoner.

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RIS Media

APRIL 9, 2021

Incorporating two or more shades in the same room can create visual interest, highlight important areas and affect the way people perceive the room’s size. Use a Monochromatic Color Scheme. A monochromatic color scheme incorporates a few shades of the same base color. You may want to use similar colors for the walls, doors and window frames, for example.

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Design Closing As-is 98