Wed.Feb 24, 2021

article thumbnail

Mortgage delinquencies below 6% for first time since March

Housing Wire

For the first time since March 2020, the national mortgage delinquency rate fell below 6% to 5.9% in January, according to data from Black Knight on Wednesday. At the current rate of improvement, the data giant estimates 2.1 million borrowers remain 90 or more days past due though are not yet in foreclosure. While modest mortgage delinquency improvements have occurred for several months, loans considered seriously delinquent are still five times that of pre-pandemic levels.

Mortgages 450
article thumbnail

BOC Governor Says Canada Will Lean On Real Estate Because “We Need The Growth”

Better Dwelling

Canada’s central bank isn’t really that worried about real estate, it appears. Bank of Canada (BoC) governor Tiff Macklem held a Q&A after a speech for the Edmonton and Calgary Chambers of Commerce yesterday. During the Q&A, the governor dismissed concerns about an overheated housing market. In fact, he welcomed its contribution to the economy […].

Banks 145
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Zillow’s role in CoStar’s failed RentPath buy

Housing Wire

Fresh off the acquisitions of Homesnap , Emporis and Ten-X , real estate data behemoth CoStar Group beat Wall Street’s estimates in the fourth quarter. Just as interesting was what CoStar’s executives had to say about the $6.9 billion takeover bid for residential data firm CoreLogic , and why Zillow hasn’t really entered their orbit.

article thumbnail

Canada Completed 18 Homes Per Person Added To The Population Last Quarter

Better Dwelling

Canada’s population growth may have slowed, but new home completions are still moving at a breakneck speed. Canada Mortgage and Housing Corporation (CMHC) data shows developers delivered over 50,000 new homes in Q4 2020. The number of new homes began outpacing population growth in the prior quarter. The ratio went parabolic in the latest numbers […].

article thumbnail

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.

article thumbnail

Notarize offers free notarizations to fight racist title language

Housing Wire

Digital notary startup Notarize is now offering free notarizations in an effort to eliminate racial covenants in title insurance documents. The issue came to light after real estate brokerage Windermere Real Estate earlier this month publicized the existence of title documents with racist language such as “no person or persons of Asiatic, African or Negro blood, lineage, or extraction shall be permitted to occupy a portion of said property” as well as “this property shall not be resold, le

Title 398

More Trending

article thumbnail

Shellpoint’s Debbie Thayer to speak at Spring Summit

Housing Wire

Debbie Thayer, executive vice president of default administration at Shellpoint Mortgage Servicing , will speak on a panel titled Servicing Challenges During a Pandemic Period at HousingWire’s Spring Summit on March 4. Thayer will be joined on the panel by Courtney Thompson to discuss how servicers have scaled staff and operations to make sure homeowners are being served appropriately as millions have sought COVID-related forbearance.

Title 360
article thumbnail

Removing Mortgage Interest From Canada’s CPI Makes Inflation 30% Higher

Better Dwelling

Canada is searching for inflation, but the whole index gets a massive boost by removing mortgage interest. Statistics Canada (Stat Can) consumer price index (CPI) made a slow increase in January. However, if one were to exclude falling mortgage interest rates, inflation jumps by almost a third. Canada’s CPI Is 1% Higher Than Last Year […]. The post Removing Mortgage Interest From Canada’s CPI Makes Inflation 30% Higher appeared first on Better Dwelling.

Mortgages 124
article thumbnail

How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

HousingWire recently spoke with Propertybase CEO Vance Loiselle about real estate tech and how the past year has accelerated the need for digital collaboration tools across the entire customer journey. HousingWire: What role has the increase in technology played for both businesses and consumers in the real estate space? Vance Loiselle: In the 20th century, the primary technology innovations in real estate were the telephone and the MLS.

article thumbnail

Hilarious things left behind when people move out of their house

The American Genius for Real Estate

(HOMEOWNERSHIP) People often forget what changes and additions they've made to a house until it is too late. This Twitter thread is a hilarious reminder to take everything with you when you leave. The post Hilarious things left behind when people move out of their house appeared first on The American Genius Real Estate.

123
123
article thumbnail

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.

article thumbnail

Texas storm deflates mortgage application numbers

Housing Wire

Mortgage applications decreased 11.4% from one week earlier , according to data from the Mortgage Bankers Association’s weekly survey for the week ending Feb. 19. It’s the lowest level applications have fallen to since December 2020. Activity decreased across the board, with the unadjusted index (-10%), the refinance index (-11%), the seasonally adjusted purchase index (-12%) and the unadjusted purchase index (-8%) all falling from the previous week.

article thumbnail

Buying Land to Build a House

Realty Biz

So many people imagine building their dream home in an ideal location. Finding that location and buying land to build a house is the first step in fulfilling this dream. . Paying for this lot with cash is the ideal scenario but with lot prices climbing into the hundreds of thousands of dollars range, most buyers will need a loan to purchase a lot. The loan you use for buying land to build a house on is very different than the traditional home mortgage loan.

Land 118
article thumbnail

How lenders can greatly reduce borrower income analysis time

Housing Wire

As record-low mortgage rates spurred high origination volumes in 2020, lenders across the housing industry looked for ways to fulfill borrowers’ needs in the most efficient, streamlined manner possible. For many lenders, the past year put a magnifying glass on processes that could not withstand the unparalleled volume. And while it was tempting to say they were too busy to implement new solutions, many companies found that to stay ahead of the competition, new workflow improvements were vital.

Lending 263
article thumbnail

New Zealand’s Central Bank Is Adding Housing Affordability To Its Mandate

Better Dwelling

New Zealand’s central bank will consider the impact of monetary policy on housing. Not just to preserve home prices either, but to consider affordability. The New Zealand Government‘s latest remit goes live on March 1. After which, the Reserve Bank of New Zealand (RBNZ) needs to explain regularly how it seeks to assist with affordability. […].

Banks 114
article thumbnail

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.

article thumbnail

The Art of Mindful Living = Conquering Your Calendar

Coldwell Banker

Mastering Your Schedule So it Doesn’t Master You. The post The Art of Mindful Living = Conquering Your Calendar appeared first on Coldwell Banker Blue Matter.

119
119
article thumbnail

#302: The Financial Benefits of Optimism, with Michelle Gielan

Afford Anything

What comes to mind when you think about optimism? Yeah right, how can anyone be optimistic at a time like this? *eye roll* What fluff. Uh…does being optimistic about my chances of eating cake count? Given our current circumstances, optimism might feel worthless, useless, or both. But optimism doesn’t have to be this mythical, unobtainable pie-in-the-sky concept, especially when considered from this lens: the expectation of good things to happen and the belief that our behavior matters.

HR 110
article thumbnail

Home Insurance: What to Know About Homeowners Insurance

Maximum Exposure Real Estate

What is Home Insurance? Do you know what home insurance is and how it works? The idea of homeowners insurance might seem simple, but it can be easily misunderstood. We’ll be taking a look at everything you need to know about home insurance. Homeowners insurance is a way of covering you against loss or damage […]. The post Home Insurance: What to Know About Homeowners Insurance appeared first on Massachusetts Real Estate Exposure.

106
106
article thumbnail

9 Futuristic Home Products to Make Your Life Better

Homes.com

Cutting-edge technology isn't just for businesses.it's for our home, too! Check out these 9 futuristic home products that are bringing the future right to our front doors. The post 9 Futuristic Home Products to Make Your Life Better appeared first on Homes.com.

article thumbnail

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.

article thumbnail

Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season

Realtor.com

Thomas A. Ferrara/Newsday RM via Getty Images) Mortgage rates reached their highest level since November last week, cooling off home purchase and refinance applications ahead of the all-important spring selling season. The average rate on the 30-year fixed-rate mortgage rose to 2.81% in the week ended Feb. 18, the highest since the second week of November, according to mortgage-finance giant Freddie Mac.

Mortgages 105
article thumbnail

Can You Sell a House and Buy Another at the Same Time? We Explore Your Options

Fancy Pants Homes

When you are in the process of moving, the process of buying your new home and selling your old one usually involves choosing which one comes first—to buy or to sell. Selling your old home first is often a more sensible option, as this ensures you have the needed down payment to cover your new property. But if you sell and don’t have a new home waiting for you, you might end up scrambling for a place to stay and someplace to store your belongings.

Equity 105
article thumbnail

Can closing costs change on the closing disclosure?

The Mortgage Report

Some closing costs can increase on the Closing Disclosure (CD) but others can't. Here's how to use the CD to get the deal you were promised.

article thumbnail

RISMedia’s Newsmakers: Celebrating the Industry’s Luminaries and Trailblazers

RIS Media

We recently announced the RISMedia 2021 Real Estate Newsmakers , individuals who made news in 2020 for their positive contributions to the industry. Help us recognize the leaders who helped their fellow industry professionals navigate a whole new world of challenges in the world of real estate, focusing on training and technology to quickly adapt. Our Luminaries—the Iconic Leaders—are founders, CEOs and executives who’ve built and grown their companies to enormous successes.

Title 102
article thumbnail

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.

article thumbnail

The Best Sailfish Fishing is in Stuart

Waterfront Properties

The Sailfish Capital of the World has lived up to its name again this year Stuart was named to the 2021 Best Winter Fishing Destinations nationwide, according to the blog FishingBooker. It was the only Florida city to make the list. FishingBooker is an online marketplace for booking yacht charters for recreational fishing. The website hyped Stuarts sailfish season, saying people from all over the country should flock to the city during the winter season to test their fishing skills.

Closing 97
article thumbnail

Realogy Recognized as a World’s Most Ethical Company for Tenth Consecutive Year

RIS Media

Realogy was recently recognized for the tenth consecutive year as one of the 2021 World’s Most Ethical Companies by Ethisphere. Realogy is one of only four honorees in the real estate industry and amongst fewer than one-quarter of the 2021 honorees who have received the designation for ten or more years. “Celebrating 10 years as one of the World’s Most Ethical Companies is an incredible distinction and a milestone achievement for Realogy’s employees who demonstrate our co

Design 102
article thumbnail

Multifamily Condo Construction Starts Fell 28% in 2020

Eye on Housing

According to NAHB analysis of quarterly Census data, the market share of rental units of total multifamily construction starts ticked higher to near 97% during the fourth quarter of 2020. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An average share of 80% was registered during the.

article thumbnail

Enormous Block-Long Cascade Linen Complex Continues to Grow in Bed Stuy

Brownstoner

The massive, long in the works Cascade Linen complex in Bed Stuy is chugging along, with substantial parts of the block-long project nearly complete. Stretching along Stockton Street, Marcy Avenue and Myrtle Avenue, and taking up almost an entire block, the entire U-shaped complex will eventually contain seven buildings, with around… Read More > The post Enormous Block-Long Cascade Linen Complex Continues to Grow in Bed Stuy appeared first on Brownstoner.

article thumbnail

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.