Mon.Aug 02, 2021

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Mortgage lenders are loosening standards on jumbos

Housing Wire

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. The quarterly survey found that banks loosened their underwriting standards most notably for jumbo products, including qualified mortgages (QM), jumbo mortgages and non-QM jumbo mortgages.

Mortgages 469
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Key Questions To Ask Yourself Before Buying a Home

Keeping Current Matters

Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that you need to make your best decision. Before you decide whether you’re ready to buy a home, you should know how to answer these three questions. 1.

Mortgages 266
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Are homebuilders burning bridges with real estate agents?

Housing Wire

Alanna Strei of eXp Realty in San Diego and Cornerstone Communities’ new San Diego townhouses. Real estate agent Alanna Strei’s client wanted to check out “Tesoro Vista Del Sur,” 134 newly built townhouses in the Ocean View Hills area of San Diego. The three-story abodes were part of an array of newly built properties that homebuilders are creating across Southern California.

Agents 437
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New & Notable Luxury Homes For Sale Over $20m | August 2021

Sotheby's International Real Estate

From a historic farm house in Portugal to waterfront Nantucket escape, these are this month’s four featured notable properties for sale over $20 million. Portugal. Portugal Sotheby’s International Realty. Quinta da Abrigada is a monument with more than five centuries of history, purchased in 1534 by the ancestors of the current owners to Fernando Alvares Cabral, son of the navigator Pedro Alvares Cabral.

Sales 138
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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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RON legislation passed in Illinois, New Jersey, Oregon

Housing Wire

The use of remote online notarization is now permitted in Illinois, New Jersey and Oregon, bringing the number of states with RON legislation up to 37. Legislation is also pending in New York and New Hampshire, according to the American Land Title Association. The only states to not pass RON legislation to date are California, Mississippi, Alabama, Georgia, South Carolina, North Carolina, Delaware, Connecticut, Rhode Island, Maine, and Massachusetts.

Title 407
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Canadian Real Estate Just Made The First Back-To-Back GDP Drop In Over A Year

Better Dwelling

Canadian real estate went from being a boost for the economy, to being a drag in just over a year. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) fell in May. Amongst the sectors causing the slowdown was real estate, having peaked in March. Since then the sector has been deteriorating at […]. The post Canadian Real Estate Just Made The First Back-To-Back GDP Drop In Over A Year appeared first on Better Dwelling.

Mortgages 127

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The Property Brothers Reveal the Latest Kitchen Upgrade That’s All the Rage

Realtor.com

Drew and Jonathan Scott help one couple combine their styles on the latest episode of "Property Brothers: Forever Home.". The post The Property Brothers Reveal the Latest Kitchen Upgrade That’s All the Rage appeared first on Real Estate News & Insights | realtor.com®.

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Doma goes public, but investors cash out early

Housing Wire

Digital title provider Doma has finally gone public, but has already had to pay out nearly $300 million to early investors who redeemed their shares. Backers said in March that they expected the SPAC merger to raise $645 million in cash — $300 million provided by private investors, plus another $345 million raised in a December initial public offering of Capitol Investment Corp.

Investor 383
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11 Famous Quotes You Can Whip Out With Your Real Estate Clients

Lighter Side of Real Estate

Hear ye! Hear ye! Some of the most famous quotes in history might just apply to your real estate career — and serve as great objection handlers, to boot! They say a picture is worth 1000 words, so let these pictures do the talking… 1. When your clients are nervous about moving forward with the sale. 2. When your buyers want to give up because they lost out on another house. 3.

Closing 117
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Notarize offers its users digital identity proofing and authentication services for eClosings

Housing Wire

Due to the COVID-19 pandemic, the world rushed to digitize and transactions that once happened in person were forced online. And while the housing market continued to surge amid these changes, some people were still hesitant to do business in a digital landscape and unsure how to navigate the litany of rules related to compliance and processes. Technology has streamlined the real estate industry, but it has also left the industry confused on how to bring the myriad of regulations, documents and

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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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How Much Do PODS Cost: POD Moving and Storage Prices Explained

Maximum Exposure Real Estate

POD Storage Pricing Guide Are you wondering about PODS pricing? If you are thinking about using PODS for your move, POD prices will be an important consideration. We will look at the cost of PODS and the things that make up your bill. When moving with PODS, it is essential to have a solid grip […]. The post How Much Do PODS Cost: POD Moving and Storage Prices Explained appeared first on Massachusetts Real Estate Exposure.

Marketing 117
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eClosing special reports

Housing Wire

The COVID-19 pandemic forced the mortgage industry to digitize transactions that were once completely done in-person. And while technology has streamlined the industry, many housing professionals are still hesitant to exist in a digital landscape. This is partly due to the complexity of the mortgage process, especially at closing. For everything to run smoothly, there needs to be effective coordination between everyone involved – which can be challenging.

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Inventory Watch

BubbleInfo

The 308 NSDCC pendings is the lowest count since February 1st and typical for this time of year. Both actives and pendings should taper off for the rest of 2021, as we get ready for Spring, 2022! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC (La Jolla to Carlsbad) Under $1,000,000 Market Date NSDCC Active Listings Avg. LP/sf Avg. DOM # […].

As-is 105
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Housing Lottery Opens for 13 Units in New Building Rising on Salvation Army Site in Clinton Hill

Brownstoner

An affordable housing lottery has opened for 13 units in a five-story building under construction at 26 Quincy Street in Clinton Hill. The new building, with its bold matte-black stucco exterior, stands next to Francis Kimball’s 1899 distribution facility at 22 Quincy Street, most recently home to a Salvation Army… Read More > The post Housing Lottery Opens for 13 Units in New Building Rising on Salvation Army Site in Clinton Hill appeared first on Brownstoner.

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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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Could New Construction Help Level Out the Market?

RIS Media

If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books, and new construction has been an ongoing challenge. Fortunately, a recent slight decrease in housing material costs could mean the market is beginning to level out. Will the result take immediate effect?

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Kim Robinson of First Team Sells Modern Waterfront Naples Estate for $6.6 Million

First Team Real Estate

LONG BEACH, CA – The highest-priced home sale in Naples since 2018, Kim Robinson of our First Team Long Beach Office helped secure top dollar for her client’s custom waterfront Naples property, closing the sale for $6,600,000 in early July. While luxury homes at this price point typically take six months or longer to sell, Kim was able to close 6068 Lido Lane in just over three months thanks to her comprehensive marketing plan.

Closing 98
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Opinions of Zillow vs Realtors

BubbleInfo

It’s probably no surprise that a well-branded company that spends $100 million per year on advertising has made an impression on the consumer. On the other hand, agents are independent contractors running around hoping to sell a house. The impression that leaves on consumers isn’t always great. But Zillow has been built upon lies and […].

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ASA ‘Disappointed’ in Appraisal Exclusion During HUD Event

RIS Media

The American Society of Appraisers (ASA) has expressed its disappointment in the exclusion of appraisals professionals during the Department of Housing and Urban Development’s (HUD) latest event on bias surrounding the home valuation process. “This marks the second event of its kind that has excluded appraisers or their representatives from these important conversations.

HR 98
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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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Carroll Gardens Brownstone With Marble Mantels, Tin Ceilings, Central Air Asks $2.995 Million

Brownstoner

Within the small Carroll Gardens Historic District, this 1880s brownstone offers up the signature deep garden space of the neighborhood along with some original details, including marble mantels, stained glass and wood floors. The 16-foot-wide Neo-Grec at 334 President Street dates to 1881, according to the designation report, when it… Read More > The post Carroll Gardens Brownstone With Marble Mantels, Tin Ceilings, Central Air Asks $2.995 Million appeared first on Brownstoner.

Design 98
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Assistance Against Eviction Still Available: Housing Agencies Release Joint Statement

RIS Media

Federal regulations protecting tenants and homeowners from evictions and foreclosures have lifted, expiring on July 31. However, several housing agencies, including the U.S. Department of Agriculture (USDA), U.S. Department of Housing and Urban Development (HUD), U.S. Department of Veterans Affairs (VA) and Federal Housing Finance Agency (FHFA), have extended their foreclosure-related eviction moratoria until Sept. 30.

Finance 98
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Daily Links: Hospital Named in Honor of Ruth Bader Ginsburg Will Open in Coney Island

Brownstoner

In the News New York Is Pushing Homeless People Off the Streets. Where Will They Go? [NYT] New Coney Island Hospital to be Named After Ruth Bader Ginsburg [NYDN] NYCHA Residents in Brownsville Without Gas, Some for Months [BP] Aarti, Hindu Lamp Ceremony, at Brooklyn Bridge Park This Weekend [BHB] Inside Baby Luc’s, the Hottest… Read More > The post Daily Links: Hospital Named in Honor of Ruth Bader Ginsburg Will Open in Coney Island appeared first on Brownstoner.

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Help Your Agents Power Through Today’s Homebuyer Battles

RIS Media

In case you just woke up from a long, long sleep, today’s housing market is extremely competitive for homebuyers. How are your buyer’s agents doing? Do you have the tools to help them succeed? To help managing brokers support their buyer’s agents in these challenging times, I would like to share a few insights we gained from our annual membership survey, plus several related recommendations that we are discussing in our member communications.

Agents 98
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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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House of the Week: Impressive Abbotsford Home Designed for Entertaining

Point2Homes

This beautifully built custom three-storey home sits on just over an acre of land in Abbotsford’s desirable Matsqui neighbourhood. With plenty of space and features such as a hot tub, patio, theatre room and bar, it’s the perfect place to do all your entertaining. In addition, the neighbourhood provides the perfect blend of green space and convenient amenities, making it an excellent area for families.

Design 98
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Real Estate Q&A: What Can Homeowners Do When the HOA Board Isn’t Doing Its Job?

RIS Media

(TNS)— Q: Our association’s board of directors is not doing their job. Overgrown landscaping, boats and inoperable vehicles in driveways, and houses that need painting are among the many problems in our community. What can a homeowner do when their board and management company are ineffective? — Margaret. A: The board of directors of your community association must maintain the common areas and enforce the rules and regulations.

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First Time Apartment Renter? How to Make Sure Your Application Is Approved

Point2Homes

Image: baranq / Shutterstock.com. Applying for a rental is similar to applying for a job. In fact, most landlords consider their rentals a business aimed to generate income and will scrutinize your application as closely as any employer. And while landlords are aware that everyone has to start somewhere and that first-time renters do exist, it’s your job to convince them that you are the best possible candidate — or, in this case, tenant.

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Guiding Your Sellers Through a Bidding War

RIS Media

A hot real estate market is excellent news for your listing clients. Most home sellers dream of having multiple offers on their property. However, a bidding war can be fast-paced and dizzying, with the potential for a costly mistake. Guide your sellers through a bidding storm with these tips for success. Do your market research. First, research home sales in the local market and develop a thorough competitive market analysis (CMA).

MLS 98
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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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NACA Home Buying Program: What it is and how it works

The Mortgage Report

The NACA program is a special mortgage with no down payment or closing costs. But only certain home buyers qualify with NACA. Learn more here.

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Cover Story: Berkshire Hathaway HomeServices on What it Means to Be Invaluable

RIS Media

Christy Budnick’s New Goal for Berkshire Hathaway HomeServices. When Gino Blefari, the CEO of HomeServices of America and chairman of Berkshire Hathaway HomeServices, selected Christy Budnick to serve as CEO of the global Berkshire Hathaway HomeServices franchise network, his decision was based upon her exceptional skills, brokerage experience, industry-wide respect and demonstrable and remarkable leadership.

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Proposed amendment deleting conditions not a waiver or notice of fulfilment

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Proposed amendment deleting conditions not a waiver or notice of fulfilment. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. When entering into an Agreement of Purchase and Sale (APS) for a property, buyers and sellers must remain cognizant of the precise language used and con

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On BrightMLS’s Off-MLS Study

Notorious ROB

I’m busier than a one-legged man at a butt-kicking contest… but I wanted to get this post up as the folks over at BrightMLS (Thank you, Rene! Thank you, Elliot!) were kind enough to chat with me on Friday. It will necessarily be short… well… short for me. In case you missed it, BrightMLS recently. Read more. The post On BrightMLS’s Off-MLS Study appeared first on NotoriousROB.

MLS 98
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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.