Tue.Oct 20, 2020

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Fannie and Freddie CEOs talk 2021 challenges, controversial 50 bps refi fee

Housing Wire

The leaders of Fannie Mae and Freddie Mac sat down with Mortgage Bankers Association Chair-elect Kristy Fercho on Tuesday at the MBA Annual conference to discuss how the GSEs have managed the unprecedented COVID-19 crisis. Freddie Mac’s David Brickman and Fannie Mae’s Hugh Frater also offered their takes on challenges with affordable housing, racial disparities with homeownership, expectations for 2021 and – yes, you knew it was coming – the 50 bps adverse market fee that’s due to hit lenders do

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Americans Are Gaining Confidence in the Economy

Keeping Current Matters

The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There’s no way to minimize the tremendous impact this pandemic-induced recession continues to have on many Americans.

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Knock Home Swap solution enters the Florida market

Housing Wire

Knock Home Swap has expanded into Orlando, Florida and Tampa, Florida, its first markets in the Sunshine State. Home Swap is offered exclusively through local real estate professionals who have been trained as Knock Certified Agents. In these markets Home Swap will be offered through Keller Williams Realty of Central Florida , Keller Williams LeHeup Group and Keller Williams Suburban Tampa – The Chadwick Group.

Marketing 449
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6 Modest Front-Yard Updates Home Sellers Should Never Forget

Realtor.com

bruev/Getty Images Home sellers know that a tidy, tasteful home will catch any buyer’s eye. That’s why many people put effort into fixing up—and even staging—the interior of their home before putting it on the market and hosting open houses. But did you know that an unkempt exterior could deter potential buyers from even setting foot in the door?

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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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Nonbanks are seizing a “generational opportunity” to go public. But who will actually reap the rewards?

Housing Wire

On Nov. 12, 2015, traders on the floor of the New York Stock Exchange witnessed the Dow suffer its worst one-day loss in six weeks, plunging 254 points. That afternoon, in Washington, D.C., members of the Federal Reserve’ s Federal Open Market Committee discussed hiking interest rates. And in Foothill Ranch, California, with the markets in chaos and an IPO expected that day , Anthony Hsieh, loanDepot chairman and CEO, made one of the biggest calls of his career: he would abort the potentia

Equity 438
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Radio Personality Anthony Cumia of ‘Opie and Anthony’ Fame Selling $3.1M NY Home

Realtor.com

Cindy Ord/Getty Images, realtor.com Radio shock-jock Anthony Cumia has listed his shockingly nice home in Roslyn Heights, NY, for $3.1 million. The controversial radio personality, a native of Queens, purchased the Long Island abode in 2006 for $2.9 million. Cumia built an acoustic studio at his residence and began broadcasting from the home from 2012 until 2015.

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How Much Does Home Insurance Cost? Advice To Find the Best Price

Realtor.com

wutwhanfoto / Getty Images If you’re buying a home, you probably know that paying for the property isn’t the only expense you’ll incur. Among other things, you’ll also want to buy home insurance to protect this valuable asset in the event of unforeseen problems, from damaging hailstorms to theft and beyond. So how much does home insurance cost?

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CFPB indefinitely extends QM Patch

Housing Wire

At a session during the Mortgage Bankers Association’s Annual event , Consumer Financial Protection Bureau Director Kathy Kraninger announced the extension of the Qualified Mortgage Patch until a new QM Patch is decided on. “To make it clear to the market that we are going to have a smooth transition to the new QM, the patch will be available until the mandatory compliance date for the new QM,” Kraninger said.

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All Aboard! California Loghouse Retreat Has a Working Miniature Railroad

Realtor.com

Travis M Turner Photography It’s possible to ride the rails without even leaving the comfort of your own backyard. A loghouse is only one of the cool things on this 20-acre property on Starkes Grade Road in Placerville, CA, which is now on the market for $1.75 million. When the sellers, who are train aficionados, first purchased the property, “The only structure on the property was the log home,” explains the listing agent, Jamie Susslin.

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5 Quick Ways to Start a Digital Real Estate Marketing Campaign

Realty Biz

If you’re in the competitive real estate business, learn simple but effective ideas here to rejuvenate your venture through digital real estate marketing. A report by the National Association of REALTORS® says 44% of home buyers look for properties online first. Now, consider that millennial who represent over 37% of home buyers spend much of their time online.

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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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7 of the Creepiest Things Movers Have Ever Found in Homes

Realtor.com

porcorex/iStock Many of us enjoy showcasing a few spooky items around the house this time of year. But some people’s troves of creepy things aren’t merely Halloween decorations—they’re the stuff of waking nightmares. We spoke with professional movers from all over to find out some of the creepiest things they’ve ever discovered while emptying out homes.

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3 tips to help you build trust with real estate buyers

Easy Agent Pro

“Do You Even Need a Real Estate Agent to View a Home Anymore?” asks Robert Farrington at thecollegeinvestor.com. While he admits that “… viewing properties online will never replace checking out a property in person,” he offers two ways to view homes without an agent: “open houses, or you could simply go to the house and peek in the windows!”. Yes. He.

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16 Questions to ask a mortgage lender before you sign for a home loan

The Mortgage Report

Here are 16 questions to ask a mortgage lender that will ensure you get the right loan type, lowest mortgage rate, and best overall deal on your home loan.

Loans 118
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Indoor Air: Quality Is Key

RIS Media

Air. We breathe it all day, every day. We need it to survive. And with winter approaching, on top of a global pandemic, people will be spending more time inside. That’s why it’s so important to make sure the air quality in your home is safe. While indoor air quality testing isn’t the most commonly considered home inspection service, receiving one can provide many benefits to your client.

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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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How to Sell a Haunted House Like Any Other Home on the Market

HomeLight

Americans love the cheap thrill of gut-wrenching fear. Every year, hoards of Halloween enthusiasts lock arms and flock to their local house of horrors. These zombie-obsessed adrenaline junkies happily pay for a good scare, fueling a $300 million haunted attractions industry. So, how does that translate to “haunted” home sales in the real estate market?

Marketing 109
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Inside a Hollywood Hills Hideaway

Sotheby's International Real Estate

As far back as the silent film era, the iconic residences of the Hollywood Hills have been home to noteworthy members of the entertainment industries. That esteemed and storied locale is the site of this very private modern villa, which combines the trappings of classic Mediterranean design with the clean lines, sophisticated style, and desirable amenities of top-tier contemporary living—not to mention some of the most enviable views in Southern California.

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Mortgage and refinance rates today, October 20, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Markets drooped during yesterday as […].

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Canadian Home Equity Borrowing Grinds To A Sudden Halt

Better Dwelling

Canadians are suddenly not so hot on borrowing their home equity these days. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of loans secured by home equity, like HELOCs, made a very small increase in August. Growth has been falling due to the personal loan segment seeing slow growth. Business debt […]. The post Canadian Home Equity Borrowing Grinds To A Sudden Halt appeared first on Better Dwelling.

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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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Virtually Tour Homes for Sale in America’s Haunted Cities

Homes.com

With Halloween right around the corner, what better time to explore some spooky towns and their homes for sale? Take a virtual tour of these homes located in America's most haunted cities. The post Virtually Tour Homes for Sale in America’s Haunted Cities appeared first on Homes.com.

Sales 105
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Laying the Foundation for a Profitable Business, No Matter the Market

RIS Media

Homes.com provides the products and services to help real estate professionals connect with prospective clients. Over the three-plus years that David Willett has been building his relationship with Homes.com, he has made a major investment in the company’s products and services. Recently upping his game even further, Willett—agent and managing broker at RE/MAX Executive Waynesville in Waynesville, N.C.

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Condo in Former Columbia Street Waterfront Factory With Wood-Slatted Ceilings Asks $875K

Brownstoner

This two-bedroom loft offers some shared outdoor space and industrial details, such as high ceilings and wood beams, as befits the building's former use as a factory. It's located in the Columbia Waterfront District at 29 Tiffany Place, which is a bit of a walk from the nearest subway, but… Read More > The post Condo in Former Columbia Street Waterfront Factory With Wood-Slatted Ceilings Asks $875K appeared first on Brownstoner.

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Live Musical Performances At The Flagler Museum

Waterfront Properties

On Tuesday’s throughout the month of October and beginning of November, The Flagler Museum hosts live Piano and Organ demonstrations. Head to Palm Beach Island’s grand elegant estate and take a self-guided tour throughout the Gilded Age-era mansion while enjoying live musical performances. The live performances begin at 1:30 pm on Tuesday afternoons through November 10th.

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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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Why Prospecting Matters More Than Ever

Lab Coat Agents

The Reality of Prospecting. The reality is… prospecting can be tough! The daily grind of calling, emailing, texting, and door-knocking for leads and listings is a huge reason why agents burn out. But it’s important to remember: a successful real estate career takes time and effort. Even the best agents in the industry had to put in the work to reach high levels of success. .

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Long-Delayed Environmentally Friendly Library Finally Opens in Greenpoint

Brownstoner

A new, environmentally conscious library is finally open in Greenpoint. The project has been years in the making, further delayed by the arrival of COVID-19. Located at 107 Norman Avenue, at the corner of McGuinness Boulevard, it replaces an old one-story library at the site—known as a “Lindsay Box,” after former… Read More > The post Long-Delayed Environmentally Friendly Library Finally Opens in Greenpoint appeared first on Brownstoner.

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Boo At The Zoo This Halloween

Waterfront Properties

The Palm Beach Zoo is hosting their annual Boo 2020 at the Palm Beach Zoo Halloween event. Head to the Palm Beach Zoo on Friday, October 30th and Saturday, October 31st for some Halloween fun. Boo 2020 at the Zoo will feature a daytime, socially distanced, not-so-scary Halloween event for the whole family to enjoy. A DJ will be there playing all the latest hits and Halloween favorites in the Foundation Plaza.

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Real Estate Bites: Check Out the Zig Zag Staircase Fronting 33 Frost Street

Brownstoner

Editor's note: Brownstoner founder Jonathan Butler is back at it -- blogging, that is, on Instagram with the handle @real_estate_bites. We're pleased to run some of his snapshots of what he sees happening around Brooklyn here as a weekly column. Please note the views expressed are his own. [link]. Related Stories Hello Washington… Read More > The post Real Estate Bites: Check Out the Zig Zag Staircase Fronting 33 Frost Street appeared first on Brownstoner.

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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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Thoughts on Leadership: Watch the Shore

RIS Media

Before COVID-19, I would have never been able to be with leaders from 31 states one day, then Zoom to Prague and Poland the next and wind up in London the day after. It just wouldn’t happen. Now, because we’re all at home and connected digitally, we can be anywhere at any time. And speaking of traveling, it’s not just the joy of the journey but also the knowledge of your destination that gives direction and an endpoint to a team.

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Meet the Real Estate Tech Entrepreneur: Theresa Hus from RealEstateAgent.com

GeekEstate

In our latest real estate tech entrepreneur interview, we’re speaking with Theresa Hus from RealEstateAgent.com. Without further ado… Who are you and what do you do? My name is Theresa Hus, and I am a mother and also the CEO of Business Locate LLC, which is represented by our platform RealEstateAgent.com, trademarked as The Official Real Estate Agent Directory®.

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Do You Need a College Degree to Become an Appraiser?

McKissock

Looking for a career that doesn’t necessarily require a college degree? Consider becoming a real estate appraiser. Before you jump in, you probably have questions like, “What education and training are required?” and “Do you need a college degree to get licensed?” and “How much money can you make as an appraiser?” In this post, we provide answers to these questions and more.

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Ask Brian: How Has COVID Changed the Home Buying Experience?

Realty Biz

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Camila in Detroit, MI: Hi Brian, I’m certainly not thrilled with the pandemic situation but I’m feeling that I now understand the risks better than I did a few months ago.

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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.