Tue.Aug 17, 2021

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3 mortgage industry trends that will define the rest of 2021

Housing Wire

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology.

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What Does Being in a Sellers’ Market Mean?

Keeping Current Matters

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house? It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low.

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Is 166-year-old Baird & Warner ahead of its time?

Housing Wire

Baird & Warner President and CEO Stephen Baird. Baird & Warner lays claim to be the oldest U.S. brokerage still in operation, launching in 1855. In the 1960s, its then-executive John Baird tussled with the National Association of Realtors (NAR) over that group’s enforcement of redlining as Baird wanted to sell homes to Black people in areas that lenders and agents marked as white only.

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California Gov. Gavin Newsom Sells Marin County Mansion for $5.9M

Realtor.com

California Gov. Gavin Newsom has sold his midcentury modern home in the Marin County enclave of Kentfield, CA, for $5.9 million. The post California Gov. Gavin Newsom Sells Marin County Mansion for $5.9M appeared first on Real Estate News & Insights | realtor.com®.

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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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An inside look at local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Louisville, Kentucky. “It’s wild,” said Elizabeth Monarch, who runs eXp’s Kentucky operation. “It blows my mind.

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Canada’s Cost of Living Is The Number One Issue This Election: Abacus Data

Better Dwelling

Canada’s highly indebted households are worried about their cost of living. Now they want politicians to fix it. Abacus Data polled voters in August for their top concerns this election. Voters overwhelmingly agree the cost of living is the biggest, by far. It was an issue last election, but not to this extent — nearly […]. The post Canada’s Cost of Living Is The Number One Issue This Election: Abacus Data appeared first on Better Dwelling.

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A Third of Canadians Say They’re “House Poor,” And A Fifth Regret Their Purchase

Better Dwelling

Canada’s highly indebted households didn’t see their finances improve during the pandemic. Many did get a lot more neat stuff they couldn’t afford without low interest rates though. That’s the takeaway from the MNP Consumer Debt Index, conducted quarterly by Ipsos. The poll found a third of Canadians consider themselves “house poor.” Even more are […].

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Is 156-year-old Baird & Warner ahead of its time?

Housing Wire

Baird & Warner President and CEO Stephen Baird. Baird & Warner lays claim to be the oldest U.S. brokerage still in operation, launching in 1855. In the 1960s, its then-executive John Baird tussled with the National Association of Realtors (NAR) over that group’s enforcement of redlining as Baird wanted to sell homes to Black people in areas that lenders and agents marked as white only.

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Inside a Tropical Oasis in Malibu

Sotheby's International Real Estate

On a Malibu hillside not far from the cool blue depths of the Pacific, this secluded and secure 10-acre oasis exudes a chic coastal ambience recalling the seaside escapes of Brazil, which offer peaceful natural respite from that country’s bustling metropolises. Rooms throughout the 3,878-square-foot floor plan open to a collection of patios, verandas, and breezy sitting alcoves, and the property’s constellation of towering palms, fruit and avocado trees, and mature green foliage furthers the sen

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Mall traffic rebounds to pre-COVID levels as shoppers return

Realty Biz

Shopping malls in the U.S. are seeing foot traffic return to close to pre-COVID-19 pandemic levels amid what analysts say is a surprising turnaround for the industry. Indoor shopping malls were hard hit during the pandemic as shoppers chose to stay at home rather than venture outside. And with the rise of e-commerce and curbside pickups, many felt that the retail sector was headed towards an apocalypse.

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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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Citing Risk to Botanic Garden, City Planning Commission Will Vote No on Crown Heights Tower

Brownstoner

The City Planning Commission will vote to disapprove the controversial Crown Heights apartment tower that threatens to block the Brooklyn Botanic Garden’s sunlight, the commission’s chair said on August 16. During a public meeting of the commission, Lago reiterated concerns about the size of the development and the risk it… Read More > The post Citing Risk to Botanic Garden, City Planning Commission Will Vote No on Crown Heights Tower appeared first on Brownstoner.

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Canadian New Housing Starts Drop, But Still 30% Above Pre-Pandemic Levels

Better Dwelling

Canadian new home sales have been a little soft, putting a drag on new home starts. Canada Mortgage and Housing Corporation (CMHC) data shows new housing starts slipped lower in July. The decline shows a little moderation from the all-time peak a few months ago. Even with the decline though, new starts are higher than […]. The post Canadian New Housing Starts Drop, But Still 30% Above Pre-Pandemic Levels appeared first on Better Dwelling.

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Rental history will soon help folks qualify for a mortgage

The American Genius for Real Estate

(REAL ESTATE) Historically, rental history has not been reported to credit bureaus which doesn't help anyone with obtaining a mortgage. Soon, that all changes. The post Rental history will soon help folks qualify for a mortgage appeared first on The American Genius Real Estate.

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Frenzy Connected to Inventory

BubbleInfo

It’s one thing to note that showings are well under the peak frenzy era of August-November. But today’s showings are also well below what they were in July 2019, which was a fairly flat market then. Is the demand falling apart? Or is it due to lower inventory? Let’s compare the inventory counts for middle […].

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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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Mortgage and refinance rates today, August 17, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yet again yesterday. So they’re heading the right way. However, recent falls have been smaller than recent rises. So there’s […].

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Prop 19 Setting Seniors Free

BubbleInfo

Prop 19 was sold by the California Association of Realtors as a solution to the low-inventory environment. The intent was to free up seniors over 55 to move anywhere within the state of California, and take their old property-tax basis with them. The C.A.R. said it was all we needed to create more inventory! While […].

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Brooklyn Heights Prewar With Sunken Living Room, Two Bedrooms, Storage Asks $1.175 Million

Brownstoner

This two-bedroom prewar apartment on one of Brooklyn Heights' fruit streets has a sunken living room, recently renovated kitchen and windows on three sides. While not huge -- the layout was converted from a one-bedroom -- it could fit a small family and has spots for dining and a home… Read More > The post Brooklyn Heights Prewar With Sunken Living Room, Two Bedrooms, Storage Asks $1.175 Million appeared first on Brownstoner.

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Enjoy More Stunning Rooms with Breathtaking Views

Point2Homes

A fantastic room is always more memorable and inviting when it features a view of something incredible – inspiring coastal beauty, calming green landscapes, twinkling city lights or amazing rugged mountains. Even when we spend time indoors, we are inevitably drawn to the outside world, and stunning views make it possible to enjoy both environments at once.

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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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Why Isn’t My Garden Thriving? 5 Tips for Troubleshooting Unhappy Plants

Realtor.com

Maybe your plants look droopy and sad, crispy and withered, or munched on by countless pests. Whatever the issue is, we may have the solution. The post Why Isn’t My Garden Thriving? 5 Tips for Troubleshooting Unhappy Plants appeared first on Real Estate News & Insights | realtor.com®.

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The 3 Tips On How To Be A Good Landlord

Realty Biz

It is very hard to find good tenants these days, it seems. Every landlord at one point or another has a horror story about tenants that ruin properties or don’t pay their rent or both. If you are a new landlord then it is only a matter of time, it seems. The thing is, it is almost always preventable. There are great tenants out there and when you find some you will want to keep them.

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Hawaii’s Most Expensive Home Is a $30M Compound on the Big Island

Realtor.com

Completed in 2011, this amazing four-house compound in Kailua Kona, HI, is the most expensive home now for sale in the Aloha State. The post Hawaii’s Most Expensive Home Is a $30M Compound on the Big Island appeared first on Real Estate News & Insights | realtor.com®.

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Austin-Based REALTOR® Leverages Home Warranty Partnership in High-Demand Market

RIS Media

This home warranty partnership instills added comfort in the buying and selling process, particularly in a market with rising prices and multiple bids. . For Elizabeth Riley, a REALTOR® and owner of Austin-based Luxe Property Group brokered by eXp Realty, finding success in today’s ever-evolving real estate market is all about connecting buyers with sellers across a market with scant offerings that command premium prices.

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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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3 Top Benefits of Appraising Green Homes

McKissock

Over the last decade, energy efficiency and sustainability have been advancing in the public consciousness, and green residences have become mainstream in many markets. As people continue to build and retrofit according to more eco-friendly standards, the value of “green” has come into greater demand, presenting an opportunity for real estate appraisers.

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Mortgage Forbearance Rates: Largest Drop in a Month

RIS Media

Mortgage forbearances decreased by 14 basis points from 3.40% of servicers’ portfolio volume in the prior week to 3.26% as of Aug. 8, 2021, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. That leaves an estimated 1.6 million homeowners in forbearance plans. By the numbers: – Fannie Mae and Freddie Mac forbearance rates down 5 basis points to 1.69%. – Ginnie Mae loans down 23 basis points to 3.95%. – Portfolio loans an

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Brooklyn Real Estate Six Months Later: Three Sold, One in Contract

Brownstoner

We're in the hot days of late summer, and our look back at four of our featured listings from six months ago focuses on homes in Flatbush, Marine Park, Midwood and Ditmas Park West. How did they fare? Starting us off this week is a two-bedroom that offers some prewar… Read More > The post Brooklyn Real Estate Six Months Later: Three Sold, One in Contract appeared first on Brownstoner.

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Berkshire Hathaway HomeServices Acquisition: Magnolia Realty

RIS Media

Berkshire Hathaway HomeServices Hodnett Cooper Real Estate has launched its fifth location in Georgia by acquiring local brokerage Magnolia Realty. This acquisition will add one office and 25 real estate professionals to the brokerage. “We’re excited to provide buyers and sellers with the expertise, service and networking connections that our agents are known for in the rapidly growing Camden County community,” said Missy Neu, COO Berkshire Hathaway HomeServices Hodnett Cooper

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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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Massive Bjarke Ingels-Designed Williamsburg Development Kicks Off Public Review

Brownstoner

An enormous new waterfront development, including two rental towers, took a first step toward joining the rapidly growing waterfront in Williamsburg. The gigantic project, which will include a public beach, waterfront park and connect the already existing public space on both sides of the proposed site, was certified by the Department… Read More > The post Massive Bjarke Ingels-Designed Williamsburg Development Kicks Off Public Review appeared first on Brownstoner.

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How Real Estate Teams Win Clients and Deals With Competence

RIS Media

As the market reaches frenzied levels and constantly fighting multiple offers becomes a frustration point for agents and clients alike, your level of professionalism can create a competitive advantage for your clients. In any competitive situation, how you make the cooperating agent feel can make a huge difference in your win percentage. That, along with tried-and-true strategies, will help you succeed in any market.

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Daily Links: Starting Today, Vaccine Proof Required for Entry to Indoor Restaurants, Venues

Brownstoner

In the News Finding a Home That Can Accommodate a Disability in Prospect Heights [NYT] Brooklynites March to Demand End of Gun Violence [BP] Eight People Shot at Bedford Stuyvesant Concert [BP] ‘Opera for Trees’ Art Exhibit Coming to Prospect Park [Patch] NYC Vaccine Mandate for Indoor Activities Starts Today [Patch] Some Low-Vaxxed Brooklyn Areas See… Read More > The post Daily Links: Starting Today, Vaccine Proof Required for Entry to Indoor Restaurants, Venues appeared first on Brow

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Synergy Is Key for Married Silicon Valley Team Leaders

RIS Media

Steve Perry took the long route to real estate, moving from Connecticut to Northern California at the age of 28 and working in construction and other housing-related fields before acting on his passion to help buyers and sellers realize their American dream. Twenty-eight years later, married and teamed with his wife, Christine, since 1997, he is living his own dream.

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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.