Housing Wire
JANUARY 27, 2021
The Federal Open Market Committee left future economic policies virtually unchanged at its Wednesday meeting, indicating that short-term mortgage rates will stay low for years to come. “The pace of the recovery in economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic,” the FOMC added to its updated policy statement.
Realtor.com
JANUARY 27, 2021
Ridofranz/Getty Images Is 2021 the year you’re going to buy a real estate investment property? If you have your sights set on flipping a house for a big profit, you likely know how much work is involved. Sure, popular real estate reality shows like “ Flip or Flop ” and “ Flipping Across America ” make fix-and-flip investing look like a feasible endeavor, but you’re wise to the magic of TV, right?
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Housing Wire
JANUARY 27, 2021
LoanDepot , one of America’s largest mortgage lenders, released pricing of its hotly anticipated independent public offering (IPO) on Wednesday. The multichannel lender said it would be selling 9.41 million shares of common stock; funds held by its private equity backer Parthenon Capital Partners would sell 5.59 million shares in the upcoming IPO.
Realtor.com
JANUARY 27, 2021
helivideo/iStock If you’re playing the waiting game with mortgage rates, you may not want to wait much longer. A new study from Haus , the home-finance startup created by Uber co-founder Garrett Camp, examined what role seasonality, loan size, credit scores and other factors play in the mortgage rates that lenders offer borrowers. The study found that much like the housing market itself the mortgage market ebbs and flows with the seasons.
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Housing Wire
JANUARY 27, 2021
Digital mortgage platform Roostify announced on Tuesday it has raised another $32 million in a Series C funding round amid a booming real estate market, bringing the tech startup’s total capital to $65 million. Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process.
Realty Biz
JANUARY 27, 2021
Around 25% of American homeowners have lived in their homes for 20 years or more, and the trend could be contributing to the shortage in housing inventory, experts say. Redfin said its latest study shows there are now more U.S. homeowners with a 20+ year tenure of living in their homes than ever before, and that this is being accelerated by the trend of aging in place.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
HomeLight
JANUARY 27, 2021
Ready to hit the market, buy your dream home and conquer this whole homeownership thing? It’s an exciting step in life, to be sure. But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. Wouldn’t it be great if you could find a massive list of real estate tips for buyers to help guide you through everything?
Housing Wire
JANUARY 27, 2021
For the second week in a row , mortgage applications decreased – this time, down 4.1% for the week ending Jan. 22, according to data from the Mortgage Bankers Association. The 30-year-fixed rate rose to 2.95%, its highest level since November 2020, according to Joel Kan, MBA associate vice president of economic and industry forecasting. All other mortgage rates in the survey posted a decline. “In a sign that borrowers are increasingly more sensitive to higher rates, large declines in
Brownstoner
JANUARY 27, 2021
A barge ship loaded with polluted sediment from the Gowanus Canal sank in the Gowanus Bay, the Environmental Protection Agency revealed in a statement Tuesday. The boat containing the dredged material from the canal bed laced with toxic materials like coal tar was moored in Gowanus Bay and became submerged,… Read More > The post Barge Loaded With Toxic Materials From Gowanus Canal Cleanup Sinks in Gowanus Bay appeared first on Brownstoner.
Housing Wire
JANUARY 27, 2021
It’s financial leaders like Realogy’s Charlotte Simonelli who inspired HousingWire’s latest award Program, HW Finance Leaders. This newest award recognizes the top finance executives in mortgage origination and real estate who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. .
Advertiser: Trellis
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.
Realtor.com
JANUARY 27, 2021
Damian Lugowski/Getty Images If you’re anything like us, then you’ve resolved to make 2021 the year that you finally get organized (after making the same resolution last year, and the year before, and the year before that, of course). But also, if you’re anything like us, you have no idea where to start. That’s where having the right tools comes in.
Jason Fox
JANUARY 27, 2021
Instagram Ads for Real Estate Marketers: 10 Best Practices. You can use Instagram to attract real estate leads. Pretty much every aspect of Instagram is well suited for real estate marketing: from photo to video-based elements that make it fun to showcase properties, coupled with the mobile-first approach, location data, and geo-targeting, investing in Instagram ads for real estate is money well spent. .
Realty Biz
JANUARY 27, 2021
Buyers and sellers are on opposite sides of the table in home sales. As the buyer, your concern is getting the best house at the lowest price possible while the seller wants to sell at the highest price. However, the goal remains the same for both parties – the home has to be sold. Besides the price, there are so many steps involved in the process.
Realtor.com
JANUARY 27, 2021
realtor.com, Albert Foster/Mirrorpix/Getty Images Perhaps in this case, crime doesn’t pay. That is, possibly not as well as the paranormal investigator and television personality Zak Bagans had hoped it would. He recently reduced the price of the LaBianca murder house in Los Angeles to $1,999,000, shaving a couple of hundred grand off the $2.2 million he listed it for in October 2020.
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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.
The Mortgage Report
JANUARY 27, 2021
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. It was only a small increase. And rates remain in uberlow territory. But it ended an eight-working-day run without […].
Realtor.com
JANUARY 27, 2021
Vadim Eidemiller A brand-new castle, described as being “inspired by the grandeur of European royalty,” is headed for the auction block. The mansion on Moss Court in Granite Bay, CA, is scheduled for an online auction on March 15. For an idea of where the bidding might hover, the current list price on the place is $28 million. Located in an upscale suburb of Sacramento , Swan Lake Castle has six bedrooms, seven full bathrooms, and seven half-bathrooms on 15,400 square feet of living
Real Estate Investar
JANUARY 27, 2021
When the time comes to sell your property, whether an investment or the family home, there are a number of small things you can do to achieve the very best result you can. The most important thing to consider when you are trying to sell you home is that if you want to get a price above what the market might consider its fair value, then you need to get multiple buyers competing.
Waterfront Properties
JANUARY 27, 2021
One of Palm Beach Island’s most exclusive estates is open to visitors for tours. The Flagler Museum, formally known as Whitehall was the estate of the American Industrialist and the islands founders, Henry M. Flagler. The grand estate features more than 100,000 square feet that is filled with some of the most important history of Palm Beach. The island’s famous landmark was commissioned by Flagler to be a winter estate for himself and his wife Mary as a wedding gift in 1902.
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.
Brownstoner
JANUARY 27, 2021
In the News NYC's Bike Parking Problem: 1.6 Million Riders and Just 56,000 Spots [NYT] Brooklyn ‘Cut Cable’ Blamed for Verizon East Coast Outages [Gothamist] De Blasio Vows Schools Will Fully Reopen in September [Gothamist] Cuomo ‘Not Contemplating’ Return to Indoor Dining Yet [Eater] ‘Postmodern’ Crosswalk Installation Baffles Park Slopers [Patch] Red Hook Art Nonprofit Needs… Read More > The post Daily Links: Cuomo Hits Brakes on Return to City’s Indoor Dining as Other Cities Open Up
BubbleInfo
JANUARY 27, 2021
We are only able to sell what’s for sale, so the direction of the frenzy depends on inventory. If we get a surge of inventory, then sales will increase. If we don’t get a surge of inventory, then bidding wars and prices go crazy. We saw the differences here where the inventory shortage under $1,500,000 […].
RIS Media
JANUARY 27, 2021
On Tues., Jan. 26, President Biden signed several executive orders to address racial bias in housing programs. Biden signed a memorandum that directs the Department of Housing and Urban Development (HUD) to examine recent regulatory actions related to housing to determine their effectiveness and root out systemic racism. “Diverse and inclusive communities strengthen our democracy.
Brownstoner
JANUARY 27, 2021
Brownstoner Magazine’s Winter 2021 issue is hot off the presses and being distributed throughout Brooklyn this week. In this issue, the founders of Bed Stuy’s BLK MKT Vintage offer advice to others on finding their path in life. In Prospect Heights, the new owner of a well-preserved brownstone invites us inside… Read More > The post Scoop Up Your Copy of the Winter 2021 Issue of Brownstoner Magazine, Out Now appeared first on Brownstoner.
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.
Better Dwelling
JANUARY 27, 2021
Canada’s lofty disposable income growth made a sharp pull back in Q3 last year. US Federal Reserve data shows real disposable income generally improved in the latest numbers. Canada was a notable exception, making a sharp quarterly drop. Even with the drop, the country manages to squeeze out the biggest gains of any country since […]. The post Canadians See Sharpest Quarterly Drop In Disposable Income Across G7 appeared first on Better Dwelling.
Toronto Realty Blog
JANUARY 27, 2021
TorontoRealtyBlog. Monday’s blog post was somewhat eye-opening, right? Throughout the province of Ontario in the past five years, we’ve seen nothing but price growth! Across the board, through twenty-four areas that CREA tracks, we saw anywhere from 39% appreciation in HPI in North Bay all the way up to 121% in Tillsonburg. What I enjoyed even more than the stats themselves were the comments and emails!
RIS Media
JANUARY 27, 2021
Embrace new agents with a deliberate program to successfully assimilate them into your team. There is a difference between new agent on-boarding and new agent orientation. Onboarding is checking all the administrative boxes: adding their license to your company, setting up their access to systems and technology, assigning a workspace, etc. To truly embrace new agents, you need to have an orientation program that engages them with you and your company’s culture.
Realty Biz
JANUARY 27, 2021
Exposure to noise in apartments is perceived as annoying and disturbing, with reported consequences such as sleep issues and other health problems. Noise pollution is a real problem that has grave consequences for the health and wellbeing of building occupants. Hence, it is beneficial for homeowners and apartment landlords to consider soundproofing their properties.
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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.
Easy Agent Pro
JANUARY 27, 2021
Branding sucks. It’s probably one of the most challenging aspects of starting any business, including a real estate biz. Coming up with your unique selling proposition, brand values, colors, logo and tagline – who has the time and energy for all of that given the number of things an agent does in a typical day? Which is why too many agents either lack a brand identity or have half-heartedly gone about building one.
BubbleInfo
JANUARY 27, 2021
Thanks to KCM for providing this report: According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current […].
RIS Media
JANUARY 27, 2021
Join the National Association of REALTORS® as we bring key commercial players to the C5 Summit, the United States’ premier commercial real estate and economic development event, Sept. 27-29, 2021 at the Marriott Marquis in New York City. C5 means direct access to commercial investors and influential industry leaders primed and ready to make things happen, with three days of networking, learning and deal-making.
Realty Biz
JANUARY 27, 2021
A very significant change in homebuyer demographics is expected during the next 20 years. Will it also have a significant effect on home values? The January 2021 Urban Institute report (The Future of Headship and Homeownership) finds: “ Net growth in the number of homeowners from 2020 to 2040 will be entirely among people of color, especially Hispanic homeowners.
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.
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