Thu.Sep 24, 2020

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TransUnion: Accounts in financial hardship continued to decline in August

Housing Wire

For the second consecutive month , the total percentage of accounts in “financial hardship” for auto, credit card, mortgage and personal loans fell across the board in August, according to a consumer credit snapshot by TransUnion. In particular, the percentage of accounts with mortgage loans in financial hardship declined below 6% for the first time since April to 5.92% in the month of August.

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Home Equity Give Sellers Options in Today’s Market

Keeping Current Matters

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.

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New-home sales show housing ready for rescue role

Housing Wire

Sales of new houses in August rose to 1.001 million at a seasonally adjusted and annualized pace, the Commerce Department said on Thursday – the first time the number has broken 1 million in 14 years. The number shows that while other sectors of the economy are soft, housing is ready to play its traditional countercyclical role of leading the way out of a recession, said Robert Dietz, chief economist of the National Association of Home Builders.

Sales 419
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Home Equity Gives Sellers Options in Today’s Market

Keeping Current Matters

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.

Equity 179
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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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How servicers can prepare for potential default wave

Housing Wire

HousingWire recently spoke with Sutherland Mortgage Services President Krish Swaminathan about the next wave of servicing, how servicers can best communicate with their customers and the technology available to help with compliance even in a work-from-home environment. HousingWire: What are servicers most concerned about in today’s environment? Krish Swaminathan: Servicers are most concerned about what’s going to come down the pipe in a few months.

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See What COVID-19 Has Done to 2021’s Colors of the Year

Realtor.com

scanrail / Getty Images The coronavirus pandemic has affected every facet of our lives—even, apparently, the colors we should paint our walls. As proof, look no further than the colors of the year for 2021. The time has arrived when paint companies start rolling out their top hues that embody the era’s zeitgeist. And, with 2020 being unlike anything we’ve experienced in our lives thus far, it’s no surprise that COVID-19 has had a palpable impact on which colors are predicted to

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6 Upgrades That’ll Help Sell Your Home During the Pandemic—and Beyond

Realtor.com

Feverpitched/Getty Images If you imagined 2020 was the year you would finally list your house for sale, you may have hit the brakes on those plans when the coronavirus pandemic arrived. But now, we’re more than six months into the COVID-19 era with no clear end in sight. As many people continue working and logging in to school from home, the real estate market is again heating up with buyers eager to upgrade to a new home.

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So you want to eClose a mortgage in Virginia?

Housing Wire

In 2012, Virginia became the first U.S. state to pass legislation allowing for remote online notarization. However, the use of RON didn’t become widespread in the U.S. until 2020, when COVID-19 forced lenders and title companies to look at new contactless options for closing mortgages and getting families into their homes. When Virginia first passed RON legislation, it was widely believed that Virginia notaries would take care of RON closings across the entire U.S.

Mortgages 364
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Contrary to Popular Belief, Home Buyers Are Flocking to Brooklyn

Brownstoner

All the things that make Brooklyn Brooklyn have been assets in the pandemic -- abundant parks and outdoor space, low-rise neighborhoods, houses and small buildings in lieu of apartment towers, stoops, knowing your neighbors, mom and pop businesses that cater to locals -- even streets of hopping outdoor eateries that… Read More > The post Contrary to Popular Belief, Home Buyers Are Flocking to Brooklyn appeared first on Brownstoner.

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Real estate agents can host virtual home tours with this new solution

Housing Wire

On Wednesday, real estate tech company Zigzy launched beta testing of Townify, a solution that enables real estate agents to host virtual open houses , which has become a necessity in a time when we are told to remain socially distant, the company said in a release. Technology advancements have been increasing as the COVID-19 pandemic trucks on, forcing people to stay at home for their own health.

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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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What to do when your CARES Act mortgage forbearance ends

The Mortgage Report

Millions of CARES Act mortgage forbearance plans are set to end in September and October Should you extend your forbearance plan or exit?

Mortgages 130
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RE/MAX acquires location intelligence data company

Housing Wire

RE/MAX Holdings has acquired fintech company the Gadberry Group , its second fintech acquisition this month. No financial details were disclosed in Monday’s announcement, but according to RE/MAX the acquisition was comprised of cash and stock. Gadberry Group is a location intelligence data company of 16 employees who build products that help clients solve geospatial challenges through accurate and precise location data.

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Mortgage and refinance rates today, September 24, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower again yesterday. But the move was so small it was barely perceptible. And conventional loans today start at 2.875% (2.875% […].

Mortgages 107
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Here are the 2020 HousingWire Vanguards

Housing Wire

The 2020 list of HousingWire Vanguard potential candidates was more competitive than ever before. On any other given year, many would have easily won – but this was not any other year. The competition was fierce. But even more impressive was the back story behind many of our top housing executives. Just over 20% of this year’s Vanguards are women. This is not the 50% I hope we will someday see, but it is far above the 7% level of top female executives at Fortune 100 companies.

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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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ChaseN’Tailz Fishing Tournament Kicks Off Tonight at Tiki 52

Waterfront Properties

ChaseN’Tailz is a tax exempt nonprofit in Jupiter, Florida dedicated to changing the lives of needy families with children battling life threatening illnesses. Directed by Summer Warren, they change lives by relieving financial stress to provide families more time to create forever memories with their children and connect them with other families and resources.

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Time is almost up to nominate your Tech Trendsetter!

Housing Wire

For the second year in a row, HousingWire’s Tech Trendsetters award will recognize 50 individuals in the technology industry. The award highlights the most impactful and innovative technology leaders serving the housing economy. Nominations opened at the beginning of September, and will close September 25, 2020 — so you better get nominating! Each year, HousingWire recognizes the top technology companies in the housing finance space with the Tech100 Mortgage and Tech100 Real Estate.

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Nations Largest Wave Garden Could Be Coming to Treasure Coast

Waterfront Properties

Just a short drive north could mean big time waves for Martin amp; Palm Beach County surfers A simulated surf park may be on its way to the Treasure Coast as part of a $595 million development plan in Fort Pierce. The “Willow Lakes” proposal would bring an estimated 800 residential homes, 600 hotel rooms and 400,000 square feet of retail space along with thousands of potential jobs.

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How to Safely Market Real Estate During COVID

Realty Biz

The coronavirus pandemic has disrupted the way just about everyone does business. We’ve all found new ways to work in the face of quarantines and social distancing, and the real estate industry has adapted as well, coming up with ways to safely market real estate during COVID. Here are some of the best and most effective methods for doing just that.

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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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Daily Links: City Ramping Up Efforts to Crack Down on New Cluster of COVID-19 Cases in Brooklyn

Brownstoner

In the News Progressives Defeat Sunset Park Project That Promised 20,000 Jobs [NYT] Data: Black New Yorkers Twice as Likely to Be Stopped by the Police [NYT] De Blasio Vows to Crack Down on COVID-19 ‘Clusters’ in Brooklyn [NYP] Fire Alarm Forces Sunset Park Teachers to Abandon Remote Classes [NYP] Teachers Protest for More COVID-19… Read More > The post Daily Links: City Ramping Up Efforts to Crack Down on New Cluster of COVID-19 Cases in Brooklyn appeared first on Brownstoner.

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PGA Tour Champions Event In Boca Gets New Sponsor

Waterfront Properties

Since 2007 the legends of the game have made a stop in Boca Raton for the PGA TOUR Champions event at the Old Course at Broken Sound Golf Club. This year, the event will return to Broken Sound but not only take place in a month, it will also feature a brand new title sponsor. The TimberTech Championship will be played in front of a national TV audience the week of October 26 to November 1, 2020.

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Rocket Mortgage Review for 2020

The Mortgage Report

Rocket Mortgage review showing how Rocket compares for mortgage rates, home loan products offered, and customer service reviews.

Mortgages 117
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What to Expect When Moving to the Suburbs

Point2Homes

Image: Roschetzky Photography / Shuttterstock.com. Since the onset of COVID-19, there has been a noticeable trend across the U.S. of urban dwellers looking to relocate to the suburbs. With lower home prices and larger properties, suburban areas have become more appealing for residents who are now learning and working from home. In the second quarter of 2020, half of the home searches by city dwellers in America’s 100 largest metros were for nearby suburbs , according to Realtor.com.

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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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4 Ways Stamped Concrete Can Improve Your Home Value

RISMedia

By Brooke Chaplan Homeowners have an attractive range of natural building materials they can choose from to enhance their houses. Stamped concrete not only adds creative designs and aesthetic appeal to a home, but it can also increase a home's value because of its durability and curb appeal. You may want to install stamped concrete […]. The post 4 Ways Stamped Concrete Can Improve Your Home Value appeared first on RISMedia's Housecall.

Design 99
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Fun Things To Do In Jupiter

Waterfront Properties

Jupiter is ranked as one of the country’s most pleasant and livable coastal cities. Jupiter was incorporated in 1925 as a city in Northern Palm Beach County and is part of the northern Miami metropolitan area. Jupiter lies between Lake Okeechobee to the west and the tropical Bahamas to the east and is full of beautiful beaches, great schools, award winning restaurants, cultural and natural attractions and much more.

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Generating Real Estate Leads Online – Using Facebook Ads

Realty Biz

Whether you are a real estate agent looking to grow the number of leads and sales that you generate and close, or you’re an entrepreneur looking to get a slice of the real estate action and grow your own lead generation company – knowing the principles of selling high-value products online will serve you well. We look at some of the most important and fundamental laws and rules to follow if you want to create a real estate business from scratch or improve the performance of your current real est

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Continuing Claims Continue to Decrease

Eye on Housing

According to the Unemployment Insurance Weekly Claims Report released by the U.S. Department of Labor today, weekly initial jobless claims inched up during the week ending September 19, and continuing claims, which lag initial jobless claims by one week, decreased for the week ending September 12. The data indicate that labor market continues to recover from the COVID-19 pandemic, but.

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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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New Construction Timeline Slips Completion of Gowanus Tank and Head House Project to 2032

Brownstoner

City environmental execs are now estimating that construction of a massive tank and filtration facility designed to help keep the noxious Gowanus Canal clean after its federal scrub won’t be completed until the end of 2032, according to government emails and letters obtained by Brooklyn Paper. Both the filtration facility and… Read More > The post New Construction Timeline Slips Completion of Gowanus Tank and Head House Project to 2032 appeared first on Brownstoner.

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Use This Weekend to Reconnect With Your Clients

RIS Media

It’s been seven months since the first COVID-related death was reported in the U.S. In that time, as a real estate professional, you’ve hopefully reached out to your current and prospective clients on more than one occasion to simply check in on them. If you’ve only contacted your clients once during the pandemic with non-marketing related information, now may be the perfect time to drop them all a note again.

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Need real estate buyer leads? Here’s a niche for you

Easy Agent Pro

The U.S. Census Bureau reckons that there are nearly 19 million veterans in the United States. The Department of Defense claims that there are currently 1,092,937 active duty military personnel. In fiscal year 2019, the VA guaranteed 624,544 home loans. So, out of nearly 20 million American military homebuyers who may be eligible for the VA-backed mortgage, only 3.12% applied and were qualified.

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The Complex Question of Social Media and Video Content

RIS Media

As director of coaching for Workman Success Systems, I am often asked about best practices for video and social media. However, this topic is more complex than that and deserves a heavier answer. I am going to attempt to discuss this topic and incorporate a favorite eBook of mine, “Becoming a Master of Virtual Real Estate.” How do we have regular, meaningful and value-added communication with our Top 50 clients and our SOI by becoming a master of virtual real estate?

Agents 88
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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.