Thu.Dec 17, 2020

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Mortgage rates hit another record low at 2.67%

Housing Wire

The average U.S. mortgage rate for a 30-year fixed loan fell four basis point this week to 2.67% – the lowest rate in the Freddie Mac ’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set on Dec. 3 and is the first time the survey has witnessed it fall below 2.7%. “The housing market continues to surge higher and support an otherwise stagnant economy that has lost momentum in the last couple of months,” said Sam Khater, Fred

Mortgages 546
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Homeowner Equity Increases an Astonishing $1 Trillion

Keeping Current Matters

In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals four major findings: S. homeowners with mortgages have seen their equity increase by a total of $1 trillion since the third quarter of 2019.

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2021 housing market outlook: No signs of slowing

Housing Wire

2020 has been a remarkably strong year for the housing market. Sales volume has remained elevated compared to last year since about mid-June, home values are growing more quickly than they have in 15 years and homes are typically selling a full three weeks faster than a year ago. Incredibly, next year’s housing market outlook is poised to be much stronger.

Marketing 546
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How to Dine Al Fresco Year-Round: 7 Outdoor Kitchen Design Tips for 2021

Realtor.com

brizmaker/Getty Images The coronavirus pandemic has brought about a new appreciation of backyards and other outdoor spaces. With many of us spending hours and hours at home, we’re all looking for places to relax other than the living room sofa and kitchen. If you have a yard with ample space for you and your family, consider yourself blessed. But in 2021, outdoor space owners might want to consider taking it up a notch with one of the most sought-after features: an outdoor kitchen.

Design 145
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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 next coronavirus front: evictions and foreclosures

Housing Wire

The coronavirus is raging. Eleven million workers are unemployed. And at the end of this month — absent immediate and urgent action by Congress and the administration — millions of American families will be put into eviction and foreclosure proceedings that will take them from their homes at the worst possible moment. Since the coronavirus began spreading, home has been the first line of defense.

Mortgages 523
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The 7 Best Home Transformations We Saw This Year—See the Before and After Photos

Realtor.com

Sergey Ryumin/Getty Images; realtor.com There are few things we love more than a great home transformation, and 2020 did not let us down. In two of our most beloved series—” Lessons From Listing Photos ” and “ What the Flip? “—we took a look inside properties that were once worse for wear but now have a whole new life. Each story featured some seriously jaw-dropping before and after photos as well as insight from design and real estate experts about the smart cosmetic and

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Huge, Historic Oahu Ranch Glimpsed on ‘Lost’ Available for $45M

Realtor.com

Andy Landgraf A huge piece of property in Hawaii with ties to Hollywood is now on the market for $45 million. Located on the North Shore of the island of Oahu , the storied Dillingham Ranch spans 2,740 acres and stretches from the ocean to the mountains. “I think it’s one of the largest contiguous land offerings in the state of Hawaii right now,” says the listing agent, Matt Beall.

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Empty Retail Spaces Mark a Popular Stretch in Williamsburg Once Again

Brownstoner

The look of a popular stretch of Williamsburg is changing once again. In November 2019, we noticed that a number of long-empty storefronts on North 6th Street were suddenly filling up. Warby Parker, Madewell, Everlane and others had recently moved in, transforming a block once populated by meat markets, then popular… Read More > The post Empty Retail Spaces Mark a Popular Stretch in Williamsburg Once Again appeared first on Brownstoner.

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Mortgages for seniors: How to buy a home or refinance in retirement

The Mortgage Report

As a senior, you can likely buy a home or refinance using social security income, retirement funds, and other assets. Here's how to do it.

Mortgages 135
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Netflix donates $25M to help end housing discrimination

Realty Biz

Video streaming giant Netflix wants to help put a stop to what it calls systematic racism in the U.S. housing industry. It has stepped in with a $25 million grant to a wider national effort that aims to combat discrimination in housing. The funds are being made available to Enterprise Community Partners, which is a nonprofit group that has been building and financing affordable housing for the past four decades.

Equity 117
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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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Real Estate Agents: Be fearless in 2021

Easy Agent Pro

The difference between fearlessness and bravery is that “… fearlessness is a state of being and bravery is a choice,” according to Tanner Christensen at creativesomething.net. “… you can’t control your fear response. Bravery, however, is the choice to act despite the fear.”. Real estate can be a scary business for some. It’s an act of faith, really, to work your hiney off with no guarantee of a paycheck.

Agents 116
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Operation Resale: Creating a Better Home to Live in While Increasing Its Value

Realty Biz

2020 has been a year where people have spent the most time at home in recent memory. Most individuals have spent more time at home than ever before with closures of restaurants and other businesses. Turning the home into a more livable space needs to be the goal during this time. For those that are lucky enough to have kept their jobs, the money they are saving by staying home can be used for home improvements and renovations.

Equity 110
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Canada’s National Housing Agency Finds Uptick In Mortgages In Arrears At Lenders

Better Dwelling

Canadian real estate owners are still falling into arrears at a higher rate. Canada Mortgage and Housing Corporation (CMHC) data shows an uptick in arrears during Q2 2020. The agency notes the trend wasn’t just in one type of lender either. It was right across all segments of lenders. Mortgage Delinquencies and Arrears Rates In […]. The post Canada’s National Housing Agency Finds Uptick In Mortgages In Arrears At Lenders appeared first on Better Dwelling.

Mortgages 112
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5 Last-Minute Gifts for Real Estate Agents

RIS Media

The holidays are here and in full swing. You may be looking for a last-minute gift for the real estate agent in your life. Here are some top gift ideas to help agents grow their business or to help them relax after a long day. 1. Real Estate Books. As we’ve seen changes in technology and the economy, there have been a ton of new ways for agents to generate new leads, network with other agents and nurture their contacts.

Agents 112
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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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Affordable Housing Lottery Opens for Bed Stuy Two-Bedrooms Renting for $2,350 a Month

Brownstoner

An affordable housing lottery has opened for six apartments in a five-story building at 855 Dekalb Avenue, between Marcus Garvey and Throop, in Bed Stuy. All six of the affordable apartments are two-bedroom units with a monthly rent of $2,350. This is only $50 less than market rate two-bedroom units and… Read More > The post Affordable Housing Lottery Opens for Bed Stuy Two-Bedrooms Renting for $2,350 a Month appeared first on Brownstoner.

Marketing 111
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Mortgage and refinance rates today, December 17, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates barely moved yesterday, inching just the tiniest bit higher. So they remain indistinguishable from their recent all-time low. And mortgage rates might […].

Mortgages 111
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Single-Family Starts Level Off in November

Eye on Housing

Single-family starts leveled off in November, according to data from the U.S. Department of Housing and Urban Development and the Census Bureau. Single-family construction is up 10.1% year-to-date, with notable gains in 2020 for the Midwest, parts of the West and other lower-density markets. The pace of single-family starts in November was the highest production rate since the spring of.

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4 Ways to Capitalize on Testimonials

RIS Media

Client testimonials can be highly effective marketing endorsements. In a service-oriented field like real estate, testimonials give people an important glimpse of what it will be like to work with you and what level of service you provide. Testimonials can also help reassure potential clients that you’re trustworthy, professional and knowledgeable.

Design 106
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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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A Study Shows That A Favorite Holiday Drink Can Increase Cogitative Health

Waterfront Properties

A recent study suggests that one of the favorite holiday drinks and favorite to drink during the cooler temperatures can do more than just warm you up. Hot chocolate has been found to boost brain power. The recent study combined efforts between the University of Birmingham in the UK and the University of Illinois. The first part of the study was conducted on young males between the ages of 18 and 40 years old.

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Howard Hanna Real Estate Acquires Plawker Real Estate

RIS Media

Plawker Real Estate in Bergen County, New Jersey, recently announced that it has joined forces with Howard Hanna Rand Realty. The Plawker Real Estate office will now operate as Howard Hanna Rand Realty – Plawker Group. Additionally, the Plawker Commercial office will now operate as Rand Commercial – Plawker Group. “I have so much respect for Terry, Adam and Barri Plawker, and we are thrilled to welcome them to the Howard Hanna Rand family,” said Matt Rand, CEO of Rand Rea

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Brooklyn Nets Coach Steve Nash Scoops Up Cobble Hill Townhouse for $4.995 Million

Brownstoner

Former NBA player and current head coach of the Brooklyn Nets Steve Nash has settled down not far from Barclays Center. Property records show that Nash purchased a Neo-Grec brick townhouse in Cobble Hill for $4.995 million. The New York Post was the first to report the news. The interior… Read More > The post Brooklyn Nets Coach Steve Nash Scoops Up Cobble Hill Townhouse for $4.995 Million appeared first on Brownstoner.

Marketing 105
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RV Rentals to Thrive in 2021, Survey Finds

RIS Media

(TNS)—A new survey found that recreational vehicle rentals will remain strong in 2021, with millennials showing the greatest interest. According to an RV rental marketplace RVshare study, 73 percent of millennial respondents indicated they are likely to rent an RV next year, followed by Generation X at 59 percent and baby boomers at 47 percent. Overall, the ongoing coronavirus outbreak has caused a major spike in interest in RV rentals, with almost 80 percent of RVshare’s bookings being ma

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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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Park Slope Duplex With Mantels, Private Garden, in-Unit Laundry Asks $5,300 a Month

Brownstoner

Located in the Park Slope Historic District, this rental in an 1880s brownstone boasts two outdoor spaces as well as mantels, a pier mirror, wainscoting and other original details. It takes up the parlor and garden levels of 826 Union Street, located two blocks away from Grand Army Plaza. The Neo-Grec… Read More > The post Park Slope Duplex With Mantels, Private Garden, in-Unit Laundry Asks $5,300 a Month appeared first on Brownstoner.

Marketing 105
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‘Real Housewives of New Jersey’ Star Melissa Gorga Finally Sells Mansion for $2.5M

Realtor.com

realtor.com, Steven Ferdman/AFP via Getty Images After three years and multiple price cuts, “Real Housewives of New Jersey” star Melissa Gorga and her husband, Joe , have finally sold their custom-built home for $2.5 million. “Our family home for the last 12 years is officially sold,” Gorga posted to her Instagram account. “We’ve made so many memories in this home.

Staging 102
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Virtual Travel May Keep Wanderlust as Bay

RIS Media

The best thing about travel is all the sights, smells, sounds and local cuisine to be discovered on the journey. But with in-person travel still restricted, there is a passable and free alternative. While they may not appease all your senses, you may be surprised at the quality of most virtual tours. Try a few of these to start: Attenborough’s Great Barrier Reef – Sir David Attenborough, who has been diving into Australia’s coral reefs for 60 years, takes you on an interactive excursion in

As-is 102
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Building a List Using a Pixeled Audience

Lab Coat Agents

Imagine someone finds your realty website or Facebook business page. It doesn’t matter how—a Google search, a paid ad, a link from another website, a listing site like Zillow or Trulia … whatever. There they are, looking at those web assets you invested all that time and money crafting into an irresistible customer journey. But something goes wildly wrong.

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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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Brand Report: RE/MAX National Housing Analysis for November 2020

RIS Media

The housing market continued its extraordinary half-year run of high activity, with November 2020 home sales up almost 20 percent over November 2019—establishing a new high for the month in the 13-year history of the report. November did experience the normal seasonal decline from October, with home sales decreasing 14.5 percent month-to-month, but that drop was in line with the 12 percent average of the past five years.

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What Every Successful Property Investor Should Do Over Christmas

Real Estate Investar

It's tempting to throw out the property investment 'to-do' list when December comes around, with the best of intentions, to give it another go next year. If you ticked off your goals this year and grew your portfolio successfully, congratulations, it's time to put your feet up! However, if you didn't quite manage to do everything you wanted to do with your property in 2020, then maybe it's time to take some action while everyone else is winding down?

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Home-Staging Tips for Winter 2021

RIS Media

With the holiday season in full swing, it’s only natural that you’re not focusing on your 2021 business plan at the moment. However, you’d be wise to freshen up on some home-staging ideas when you find some free time in between wrapping presents. Like most real estate professionals, it’s likely been months since you last conducted home showings in earnest.

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The Seven Most Interesting People in Real Estate in 2020: The Unprecedented Edition

Notorious ROB

Welcome to the fifth installment of an annual tradition around here: the Seven Most Interesting People in Real Estate, the 2020 Pandemic Edition. This was a weird year, to say the least, and it isn’t over as I start this post. You know that word that was so popular all through 2020? “Unprecedented?” Yeah, unprecedented. Read more. The post The Seven Most Interesting People in Real Estate in 2020: The Unprecedented Edition appeared first on NotoriousROB.

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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.