Wed.Jun 16, 2021

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Mortgage applications increase as 30-year rate falls

Housing Wire

After three straight weeks of declines , mortgage applications increased 4.2% for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association. Both purchase and refinance applications increased, with refinances notably up 5.5%, according to Joel Kan, the MBA’s vice president of economic and industry forecasting. “The jump in refinances was the result of the 30-year fixed rate falling for the third straight week to 3.11%, which is the lowest since ear

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6 Summer Maintenance Tasks That Could Save You Cash—Have You Done Them All?

Realtor.com

Getty Images After what feels like the longest ever stretch of months stuck indoors, summer—glorious summer—is finally upon us. But before you get too comfy and curl up in a hammock with a delicious blended beverage, know that there are a few things you really should check off your to-do list first. Yes, that’s right: We hate to be a drag, but in between barbecues and beach days, you still need to stay on top of maintenance around the home.

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Fannie Mae, and the housing market’s inflation problem

Housing Wire

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures. While the housing research group believes current inflation acceleration could be considered transitory, price pressures in all sectors – not just housing – are likely to last into 2022.

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Guiding Buyers Through a Historic Real Estate Market

RIS Media

There’s no doubt that the 2021 real estate market is extremely challenging. Demand for housing is through the roof, interest rates are historically low and inventory is still very restricted. Meanwhile, it feels like COVID-19 has turned the entire world upside down. As an agent, trying to serve your buyers in these conditions is very difficult.

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Welcome to the Future of Hospitality: Smart Rooms Start Here

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

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Homebuilders prepare to restart delayed projects

Housing Wire

Housing starts are inching back up across the country, and a big fall in the price of lumber in recent weeks has housing economists projecting an uptick in activity from homebuilders. Housing starts increased 3.6% in May to a rate of 1.57 million, according to the most recent study from the U.S. Census Bureau. That’s more than 50% above above the May 2020 rate — when the COVID-19 pandemic was at its height in the country — of 1.05 million.

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How to get the most out of your HW+ membership

Housing Wire

HW+ offers a variety of member-exclusive benefits that are tailored to what housing professionals need to stay competitive and agile in today’s fast-paced market. To make sure you’re maximizing your HW+ membership, check out the following benefits that come with your membership. If you’re not a member yet, go here to join , or if you’re interested in getting access for your team, division or company, go here to learn more.

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Rising Canadian Real Estate Costs Send Inflation Soaring, and It’s Not Just A Base Effect

Better Dwelling

Canadian shelter costs are soaring, but haven’t contributed much to inflation data. That is, until now. Statistics Canada (Stat Can) updated its consumer price index (CPI) for May. The index is accelerating at the fastest rate in over half a decade, and for the most part — it’s not base-effect. Gasoline and shelter costs were […]. The post Rising Canadian Real Estate Costs Send Inflation Soaring, and It’s Not Just A Base Effect appeared first on Better Dwelling.

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Title Alliance opens second branch in Washington

Housing Wire

Pennsylvania-based Title Alliance Ltd. has added a second office in Washington, expanding its presence in the Pacific Northwest. The new branch in Tacoma, Washington will be added to Title Alliance’s family of joint ventures with Title Alliance Northwes t, which is a partnership with a Keller Williams Realty franchise. Jim Campbell, Title Alliance chief executive officer, said the company wanted to continue growth in Washington thanks to the state’s unprecedented level of industry ac

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Housing supply crisis: NAR insists governments take ‘once-in-a-generation’ action

The American Genius for Real Estate

(POLITICS) After years of sounding the alarm bell regarding housing supply and demand imbalances, NAR is pushing local and federal governments to respond "immediately.". The post Housing supply crisis: NAR insists governments take ‘once-in-a-generation’ action appeared first on The American Genius Real Estate.

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The 2025 Real Estate Roadmap to Success

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.

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In Our Words: Employee Reflections From Pride Month 2021

App Folio

At AppFolio, we actively work to create an environment where AppFolians feel respected, supported, and encouraged to be their authentic.

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4 Recreational Activities That Can Boost Home Value

RIS Media

It’s no secret that luxury buyers want a home that caters to their lifestyle. These days, that often means having a property that gives access to certain outdoor activities and allows them to be fully immersed in their favorite pursuits. Here are several recreational activities that can boost the local real estate market. . Horseback Riding. Equestrian communities have seen an uptick in demand lately.

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Purchase Mortgages Show Year-over-Year Decline

Eye on Housing

After three straight weeks of declines, mortgage activity in the latest week rebounded, as shown in the Mortgage Bankers Association’s latest Weekly Application Surveys, increasing over 4 percent last week. Both purchase and refinance applications were up, including a 5.5 percent gain in refinances. The jump in refinances was the result of the 30-year fixed rate falling for the third.

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The Canadian Real Estate Industry’s Price Forecast Is Lower Than Current Prices

Better Dwelling

Canadian real estate just got one of the cooler forecasts this year, and it was from the industry. The Canadian Real Estate Association (CREA) updated its 2021 forecast this week. The organization made an upwards revision to the rate of growth for the average sale price this year. It sounds great, until you realize one […]. The post The Canadian Real Estate Industry’s Price Forecast Is Lower Than Current Prices appeared first on Better Dwelling.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Mortgage and refinance rates today, June 16, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates moved higher yesterday. But the rise was bigger than looked likely first thing. And they’re now well within the narrow range that’s […].

Mortgages 101
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Looking Beyond Bloomberg’s “Frothy” Market Insights

Toronto Realty Blog

TorontoRealtyBlog. Nothing gets mouse-clicks quite like the word “bubble” in a headline, does it? Somebody noted in Monday’s comments section that the Toronto Star article I took issue with was probably written for this exact reason: to get clicks. So if you want results, use the word “bubble.” In fact, if I type in “Toronto Real Estate” to Google, one of the auto-complete options is Bubble.

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Inspired by Sacred Geometry, an Octagonal Home in Virginia Is Listed for $2M

Realtor.com

Bryce Scott/ Rapid Imagery A huge, domed home on the market for $2 million stands out in the mountains near Blacksburg, VA. “The architecture of it is unique,” the listing agent, Austin Cummings , says of the 8,100-square-foot home, which is crowned by a large dome, adding that the dome “is one thing that almost everybody in Blacksburg knows. People have always wondered what’s going on with it.”.

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Luxury Real Estate Expert Vikki Morrison Represents Buyer of $9.55 Million Custom Blufftop Estate

First Team Real Estate

DANA POINT, CA – Representing the buyer of a brand-new build on Camino Capistrano, top-producing luxury real estate expert Vikki Morrison helped her long-time client secure their dream home for $9,550,000. An extremely rare estate with incredible sweeping ocean views, Vikki strategically negotiated on her client’s behalf to secure the custom property amid multiple offers.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

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New NAR Report Highlights Dire Inventory Shortage Challenges

RIS Media

The National Association of REALTORS® (NAR) recently released a report highlighting the dire need for inventory in U.S. housing amid a shortage that “requires nationwide commitment to overcome.” Authored by NAR and the Rosen Consulting Group. “ Housing Is Critical Infrastructure: Social and Economic Benefits of Building More Housing ” offers numerous potential solutions for both federal and local-level policymakers to consider, but warns that immediate action must be take

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Renovated Slee & Bryson Semi-Detached in PLG With Sleeping Porch, Garage Asks $2.725 Million

Brownstoner

This 1920s single family has a fair number of attractive details on offer; with multiple exposures, original details, thoughtful renovations and a garage, there is a lot here to like. In the Prospect Lefferts Gardens Historic District, 1880 Bedford Avenue has a nice architectural pedigree and was designed by prolific… Read More > The post Renovated Slee & Bryson Semi-Detached in PLG With Sleeping Porch, Garage Asks $2.725 Million appeared first on Brownstoner.

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Housing Starts Held Firm in May

RIS Media

Housing starts held steady in May, increasing 3.6% to a seasonally adjusted annual rate of 1.57 million units, according to the latest data from the Commerce Department. The May reading of 1.57 million starts is the number of housing unit builders would begin if development kept this pace for the next 12 months. Single-family starts increased 4.2% to a 1.10 million seasonally adjusted annual rate.

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15 NYCHA Basketball Courts Will Get a Spruce-up for Summer

Brownstoner

As part of its Safe Summer NYC initiative to combat gun violence, the NYPD is partnering with different groups to refurbish basketball courts across the city in public housing developments. Fifteen basketball courts at New York City Housing Authority (NYCHA) complexes will be restored by August under the program, Mayor… Read More > The post 15 NYCHA Basketball Courts Will Get a Spruce-up for Summer appeared first on Brownstoner.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Improvising Effective Selling Conversations for Luxury Listings

RIS Media

When it comes to winning new luxury listings to sell, conversations are the key. Think about it. With so many tools and so much technology available to today’s prospects, luxury real estate clients who choose to work with luxury real estate professionals are looking for a more human approach to selling their home—and that all starts with selling conversations about what they really need.

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Energy efficient mortgage (EEM): What it is and how it works

The Mortgage Report

An energy efficient mortgage lets you buy or upgrade a green home with energy efficient improvements. Check your EEM options here.

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The Leitner Group of FirstTeam Real Estate Represents Buyer and Seller of $8.99 Million Newport Beach Estate

First Team Real Estate

NEWPORT BEACH, CA – Boasting over 20 years of experience, luxury real estate experts Steve and Dana Leitner of The Leitner Group skillfully represented both the buyer and seller of a unique equestrian zoned Newport Beac h estate, closing for $8,999,000. Rarely on the market, 2252 Mesa Dr is situated on approximately two acres with beautiful frontage overlooking Newport’s Back Bay, and captured a host of interested buyers and multiple offers.

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4 Ideas to Take Advantage of Your Accessory Building

RIS Media

The post 4 Ideas to Take Advantage of Your Accessory Building appeared first on RISMedia.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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Daily Links: Cuomo Lifts Most COVID Restrictions After State Reaches 70 Percent Vaccination Rate

Brownstoner

In the News ‘A Momentous Day’: New York Lifts Most Virus Restrictions [NYT] Children March Over Brooklyn Bridge Calling for Healthier Food Options [amNY] Brooklyn College Raises Over $2 Million to Help Students [amNY] Bed Stuy Businesses Still Need Pandemic Relief, Advocates Say [Patch] La Villa Pizzeria in Park Slope Is One of City's Best… Read More > The post Daily Links: Cuomo Lifts Most COVID Restrictions After State Reaches 70 Percent Vaccination Rate appeared first on Brownstoner

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4 Reasons to Consider Selling Your Home as an “Off-Market Listing”

RIS Media

When selling your home, it’s understandable to assume that the best marketing strategy is to reach as large an audience as possible. After all, leveraging the power of real estate portals and publications certainly has its benefits. However, sometimes it’s better to go the opposite direction. Off-market listings, also known as pocket listings, can be an effective way to market a property by word-of-mouth and keep it out of the public eye.

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Prospect Park Installation From Artist Mary Mattingly Addresses City’s Drinking Watershed

Brownstoner

The subject of Brooklyn-based artist Mary Mattingly’s latest sculpture, “Public Water,” currently on view at the Grand Army Plaza entrance to Prospect Park, has long been a topic of interest and source of inspiration in her work. “Due to heavy use of agricultural chemicals like DDT well into the 1980s,… Read More > The post Prospect Park Installation From Artist Mary Mattingly Addresses City’s Drinking Watershed appeared first on Brownstoner.

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