Housing Wire
FEBRUARY 25, 2021
Rocket Companies , the parent company of Rocket Mortgage , cleared another $2.48 billion in profits during the fourth quarter, giving the nation’s biggest mortgage lender a total of $9.5 billion in profits for 2020. Rocket originated $107.2 billion in mortgages, with net rate lock volume of $96 billion in the fourth quarter, the company disclosed in a filing with the Securities and Exchange Commission.
Realty Biz
FEBRUARY 25, 2021
The vast majority of existing homes sold in the U.S. need one or two things to be patched up, with 86% of all home inspections turning up some kind of problem, according to a study by the home improvement website Porch.com. The average home inspection can cost from $300 to $500 depending on where the home is and how big it is, but Porch.com’s study indicates that this is an investment that will save the average buyer around $14,000 in renovation costs.
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Housing Wire
FEBRUARY 25, 2021
Zillow is putting their money where their Zestimate is, at least to a point. The “Zestimate,” Zillow’s catchy ( and soapy ) name for estimated home values, will sometimes be used as the initial offer Zillow plans to pay to purchase a home, the company said on Thursday. Zillow’s own estimated home value is to guide the company on a “limited subset of homes” in 20 markets.
Better Dwelling
FEBRUARY 25, 2021
Risk models from Canada’s largest bank shows a wider range of uncertainty for real estate. RBC’s latest models, shared with analysts this week, shows a general forecasted improvement. The downside hasn’t changed much, indicating a little more uncertainty. They also shared they are considering two new and “more severe” scenarios for energy and real estate. […].
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Housing Wire
FEBRUARY 25, 2021
Nikolaos Pavlou, product marketing manager at Blend , will sit down with other housing luminaries to discuss what mortgage tech is solving now at HousingWire’s Spring Summit on March 4. Pavlou will be joined by Finicity’ s Senior Vice President of Product and Strategic Programs Lisa Kimball, and Qualia ‘s Director of High Growth Accounts Jamie Kump.
Realtor.com
FEBRUARY 25, 2021
iStock The past year was the ultimate roller-coaster ride in real estate—long upward climbs, steep drops, and no shortage of hairpin curves along the way. And the ride hasn’t come close to slowing down so far in 2021. According to the data on realtor.com® for the first month of the year, it’s clear that the coronavirus pandemic has reshaped house-hunting patterns, and is also driving a whole lot of buying activity.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Eye on Housing
FEBRUARY 25, 2021
After reaching a record high in August, pending home sales slid for the fifth consecutive month, as surging home prices and low inventory constrain buyers. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI fell 2.8% from 126.4 in December to 122.8 in January, a.
Realtor.com
FEBRUARY 25, 2021
Theresa Lunn When spectacular mountain views are available, nearby homes almost always feature an abundance of windows to soak in the vistas. However, this property in Montana heads in a completely opposite direction. These four homes have no windows at all—they’re completely underground. The quartet of below-ground homes sit beneath 10.6 acres in Paradise Valley near Emigrant, MT, just north of Yellowstone National Park.
Fancy Pants Homes
FEBRUARY 25, 2021
Britney Spears ruled the late 90s and early 2000s pop scene with hits like Baby One More Time , Oops!… I Did it Again , and Toxic. In fact, she has sold over 100 million records worldwide, including over 70 million solely in the United States, making her one of the world’s best-selling music artists — which rightfully earned her the title of Princess of Pop.
Realtor.com
FEBRUARY 25, 2021
Getty Images, AntonioGuillem/Ankudi Strong Wi-Fi is not just a perk; it’s an essential service these days, now that remote work and school are the norm. Unfortunately, many of us have learned there’s nothing more frustrating than experiencing internet problems just as it’s your turn to speak on a Zoom call. Those glitches in your service, however, could mean that someone is piggybacking on your Wi-Fi.
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.
The Mortgage Report
FEBRUARY 25, 2021
Lender credits let the mortgage lender pay closing costs, while the borrower pays a higher interest rate. Find out if lender credits are worth it here.
Brownstoner
FEBRUARY 25, 2021
Demolition is complete on a picturesque Queen Anne-slash-Romanesque Revival townhouse in Crown Heights, a photo from a Brownstoner reader shows. The fanciful 1890s house at 669 St. Marks Avenue sat just outside the historic district on an oversize lot with plenty of excess FAR. An application for a demolition permit was… Read More > The post Crown Heights Manse Demolished to Make Way for Passive House Condos appeared first on Brownstoner.
App Folio
FEBRUARY 25, 2021
At AppFolio, we know that great people make a great company, and we not only value diversity in backgrounds and perspectives, but count on it to make our culture thrive and drive deeper customer connections. . Each February, Black History Month gives us an opportunity to reflect on and celebrate the efforts and achievements of African Americans throughout U.S. history.
RIS Media
FEBRUARY 25, 2021
Inventory constraints appear to have played a part in pending home sales dwindling in January, according to the latest report from the National Association of REALTORS® (NAR). NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, showed a decline of 2.8% last month, coming in at 122.8—an all-time high for January.
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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 American Genius for Real Estate
FEBRUARY 25, 2021
(OPINION / EDITORIAL) Too many companies have had security breaches, which is bad enough, but is the process for insuring client information safety too old to secure? The post Security of client information is important, so change the process appeared first on The American Genius Real Estate.
RIS Media
FEBRUARY 25, 2021
Panicked due to lack of inventory? Frustrated by losing sales to the competition? There’s a good chance you’ve been deflated by fast property turnover, losing in multiple-offer situations or buyers that go radio silent. Cleve Gaddis recently shared 12 tips to help buyer’s agents create more sales by providing greater value. As a master coach for Workman Success Systems, and a top team leader in the Atlanta area, Gaddis brainstormed new ways to convert more buyers to sold.
Notorious ROB
FEBRUARY 25, 2021
Got a press release this morning from Zillow — well, Zillow’s PR agency — that the Zestimate is now the offer price from Zillow Offers. Rich Barton talked about it during the most recent earnings call, but a mere days afterwards, here it is: “For 15 years, homeowners and home shoppers have come to rely. Read more. The post The Zestimate Is Now the Purchase Price from Zillow appeared first on NotoriousROB.
Lab Coat Agents
FEBRUARY 25, 2021
For decades, real estate professionals have wrestled with finding the secrets to overcome the challenge of staying top-of-mind with their spheres of influence and past customers. In fact, our industry continues to report that 90% of consumers love working with their real estate agent, but when they move again in 7-9 years only 13% work with the same agent again.
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.
Waterfront Properties
FEBRUARY 25, 2021
Downtown Abacoa in Jupiter hosts their weekly Open-Air Dining event every Friday and Saturday night. Dine along Town Center Drive with one of the several restaurants for a perfect dinner under the stars. The Open-Air Weekend Dining event began last year, and it became very popular among the restaurant goers. Local restaurants move their tables outside and onto the street for a night a great food and live music.
Sotheby's International Real Estate
FEBRUARY 25, 2021
Sotheby’s International Realty is pleased to announce that its affiliated brokers and independent sales professionals achieved a record US$150 billion in 2020 global sales volume, a nearly 32% increase in sales growth year over year, as the definition of home changed for consumers around the world. Due to a longstanding commitment to innovation, Sotheby’s International Realty® agents were able to seamlessly help clients navigate the changing market dynamics brought on by the global pandemic with
Waterfront Properties
FEBRUARY 25, 2021
Shark Wake Park 561 is located at Okeeheelee Park in West Palm Beach. Shark Wake Park located at 1440 Eshleman Trail and is more than fun on the water. Safe waters, no sharks The waterpark is some of the best family-friendly cable water sports parks and aqua parks in the world. In 2019, the waterpark unveiled its location in West Palm Beach. Shark Wake Park 561 is one of the largest floating playgrounds on the East Coast.
Realtor.com
FEBRUARY 25, 2021
Alexis Fatalsky Would you spend the night in the house of Buffalo Bill , from the terrifying film “Silence of the Lambs”? One horror superfan, Chris Rowan , hopes so. He recently sewed up a purchase of the Perryopolis, PA, home that was the scene of some of the most chilling scenes in the classic flick, and he plans to turn it into a “cinematic destination.”.
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.
The Mortgage Report
FEBRUARY 25, 2021
Wells Fargo Home Mortgage review showing how Wells Fargo compares to other top lenders for mortgage rates, customer service, and loan options.
RISMedia
FEBRUARY 25, 2021
By Brentnie Daggett If you live alone or have extra space in your home, you may have considered renting out a room in your house as an option to earn some extra income. Whether you live close to a vacation destination or are debating looking for a long-term tenant, renting a room in your home […]. The post The Pros and Cons of Turning Your Extra Bedroom Into a Rental appeared first on RISMedia's Housecall.
The Mortgage Report
FEBRUARY 25, 2021
Bank of America mortgage review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.
Eye on Housing
FEBRUARY 25, 2021
Builder and developer confidence in multifamily markets fell in the last quarter of 2020, according to the results of the National Association of Home Builders’ Multifamily Market Survey (MMS). The MMS produces two separate indices: The Multifamily Production Index (MPI), which fell 5 points to 43; and the Multifamily Vacancy Index (MVI), which edged down two points to 42, with.
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RIS Media
FEBRUARY 25, 2021
Most real estate agents are members of the National Association of REALTORS® (NAR). However, even as members, many agents are unaware of all of the benefits that come with membership. This week, during our Secrets of Top Selling Agents webinar , REALTOR® and President of NAR, Charlie Oppler, and CEO of Luxury Living, Michael Hern, made themselves available for a live interview where Hern asked questions about what exactly your dues as a member of NAR covers.
Boom Town
FEBRUARY 25, 2021
1. Establish connections in local Facebook communities and position yourself as a resource/educator (not a salesperson!). 2. Leverage custom landing pages with contact forms to target seller leads, such as home valuation tools, instant offers, preferred vendors, etc. 3. Go classic with sleek print materials. Direct mail is making a comeback , with less competition and increased response rates!
Brownstoner
FEBRUARY 25, 2021
Proposed changes suggested for a controversial development in southern Crown Heights were met with swift resistance by residents at a meeting hosted by Community Board 9 Wednesday evening. “These monstrous buildings are not in line with the character of this community,” said one of the residents in the chat room that… Read More > The post Questions Remain Over New 17-Story Tower Proposal at Spice Factory Site in Crown Heights appeared first on Brownstoner.
BubbleInfo
FEBRUARY 25, 2021
This is the property where the listing agent received 50+ phone calls in the first 24 hours on the market. She raised the list price from $1,595,000 to $1,795,000, but the bidding war persisted. Ten offers were submitted, and it sold for $2,060,000 cash, or 29% above the original list price! [link] Hopefully the new […].
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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