Tue.Nov 24, 2020

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Fannie Mae, Freddie Mac conforming loan limits increase for 2021

Housing Wire

The Federal Housing Finance Agency announced new conforming loan limits for Fannie Mae and Freddie Mac for 2021: $548,250. This is a 7.5% increase from 2020’s limit of $510,400 and marks the fifth consecutive year of increases from the FHFA. In 2016, the FHFA increased the Fannie and Freddie conforming loan limit for the first time in 10 years, and since then, the loan limit has gone up by $131,250.

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Is Buying a Home Today a Good Financial Move?

Keeping Current Matters

There’s no doubt 2020 has been a challenging year. A global pandemic coupled with an economic recession has caused heartache for many. However, it has also prompted more Americans to reconsider the meaning of “home.” This quest for a place better equipped to fulfill our needs , along with record-low mortgage rates , has skyrocketed the demand for home purchases.

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Title fraud rises more than 30% in Q3

Housing Wire

Title fraud continues to grow, seeing sharp increases in the third quarter of 2020, according to the latest report from FundingShield. FundingShield’s Q3 2020 Wire and Title Fraud Analytics report shows a 31.5% increase in wire verification and ownership issues. “The risk of wire and title fraud in the closing and settlement space persisted and grew in certain risk concentrations during Q3 2020,” FundingShield stated in its report.

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The Home Identity Crisis: The Dining Room Office

Coldwell Banker

Storage Solutions to Make Your Dining Room Office Sparkle Through the Holidays. The post The Home Identity Crisis: The Dining Room Office appeared first on Coldwell Banker Blue Matter.

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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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Real estate tech roundup: CoStar buys Homesnap

Housing Wire

Over the weekend, CoStar Group announced that it has agreed to acquire real estate tech company Homesnap. The acquisition was made for $250 million in cash and is expected to close by the end of this year, pending closing conditions and review, according to a release. The addition of Homesnap will increase the number of brokers and active agent users on CoStar’s platforms from approximately 100,000 to over 400,000, the company said.

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This ‘Bargain Mansion’ Has One Awesome Upgrade Home Buyers Never See

Realtor.com

HGTV Tamara Day of “Bargain Mansions” knows how to breathe new life into cheap, old fixer-uppers—and her latest renovation reveals one upgrade we’d bet most buyers have never seen, or even heard of before. In the Season 2 episode “Race to the Finish,” Day has bought a four-bedroom house in Leawood, KS, for $425,000, and invests $300,000 to fix it up.

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How a COVID-19 vaccine could upend the housing market (again)

The American Genius for Real Estate

(REAL ESTATE BIG DATA) COVID-19 completely changed the trajectory of the housing market, but the promise of a vaccine could pull it back around in another direction. The post How a COVID-19 vaccine could upend the housing market (again) appeared first on The American Genius Real Estate.

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Introducing the HousingWire 2020 Tech Trendsetters

Housing Wire

This year’s 2020 list of Housingwire Tech Trendsetters certainly earned their status as the housing industry was met with incredible challenges and new opportunities. This diverse group of tech professionals helped to bring about the long-awaited modernization of the housing industry. Some would even say that it’s tech trendsetters like these who have helped to not only stabilize, but propel the housing economy even in the worst of circumstances.

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Canada’s Money Supply Is Growing At The Fastest Rate In Over 30 Years

Better Dwelling

Canada’s narrow money supply is pointing to a big return to production and consumer spending. Bank of Canada (BoC) data shows the M1+ gross money supply reached a new all-time high in September. The measure of money supply has experienced the highest rate of growth seen in decades… in the middle of a recession… during […]. The post Canada’s Money Supply Is Growing At The Fastest Rate In Over 30 Years appeared first on Better Dwelling.

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Gowanus Residents Want to Halt Rezoning Until in-Person ULURP Meetings Can Resume

Brownstoner

Can the city push through a rezoning during a pandemic? This is what is currently worrying residents in Gowanus, who feel that the city’s Uniform Land Use Review Procedure shouldn’t begin in January 2021, as the Department of City Planning has previously announced, because public hearings can’t safely be held… Read More > The post Gowanus Residents Want to Halt Rezoning Until in-Person ULURP Meetings Can Resume appeared first on Brownstoner.

Land 118
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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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The Marvelous Middle: 10 Homes Priced at the U.S. Median Home Price of $350K

Realtor.com

realtor.com According to the latest research from realtor.com® , the median list price in the U.S. currently sits at $350,000. But what does that round number really represent? Well, it depends where you’re looking. But we’re happy to report that there are plenty of solid choices from across the country priced right at the median. We scoured nationwide listings and found that a buyer can score a welcoming front porch, a fenced-in backyard, or even a claw-foot soaking bathtub—all feat

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Industry City Gains New Bookstore With Opening of Powerhouse Branch

Brownstoner

Brooklyn’s bookworms can now find all the hottest literary titles at Industry City, where the family-owned chain bookstore Powerhouse opened its third outpost on November 20 -- bringing a wide-ranging selection of curated fiction, nonfiction, cookbooks, and art publications to Sunset Park’s industrial complex. “We are excited to join Industry City’s… Read More > The post Industry City Gains New Bookstore With Opening of Powerhouse Branch appeared first on Brownstoner.

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The Duke Was Here: SoCal Ranch Once Owned by John Wayne Available for $8M

Realtor.com

realtor.com, Silver Screen Collection/Getty Images There’s nothing more authentically Western than a 2,000-acre cattle/horse ranch once owned by the legendary actor John Wayne. The vast acreage is located in a hilly Riverside County, CA, community known as Sage, just south of the city of Hemet, CA. Now this unique piece of Americana—which includes the three-bedroom, three-bathroom ranch house where the Duke actually stayed—is on the market for $8 million. “It’s the largest prop

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4 Things You Can Do to Protect Your Home During Cold Months

Homes.com

As the weather starts to get colder, it's a good idea to start winter-proofing your home to protect it from cold weather damage that you may not expect. The post 4 Things You Can Do to Protect Your Home During Cold Months appeared first on Homes.com.

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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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Three Realty ONE Group Offices Top 600 Agents

RIS Media

Realty ONE Group International recently announced that three of its offices surpassed 600 real estate professionals. “This year has been a year of change and real estate pros everywhere are joining our family because they want to be a part of something more meaningful,” said Kuba Jewgieniew, CEO and founder of Realty ONE Group. “I’m so very proud of these offices and others who are recruiting exceptional REALTORS®.

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7 “Smart” Gifts to Buy this Holiday Season for Your Home

Homes.com

Sometimes it can be hard to come up with new and useful gift ideas, so here are a few that you may not have even thought of. The post 7 “Smart” Gifts to Buy this Holiday Season for Your Home appeared first on Homes.com.

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Case-Shiller: Annual Home Price Gains Soared in September

RIS Media

In September, home prices increased 7.0 percent YoY, up from 5.8 percent in the previous month, according to the most recent S&P CoreLogic /Case-Shiller Indices. Year-over-year, the 10-City Composite increased 6.2 percent, up from 4.9 percent in the previous month. The 20-City Composite increased 6.6 percent YoY, up from the previous month’s 5.3 percent gain.

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Multifamily Built-for-Rent Share: 96%

Eye on Housing

According to NAHB analysis of quarterly Census data, the market share of rental units of total multifamily construction starts remained at 96% during the third quarter of 2020. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An average share of 80% was registered during the 1980-2002 period.

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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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Bringing IT Expertise to Real Estate Sales

RIS Media

Janice Bradford | REALTOR®. Keller Williams Home Town Realty. Vandalia, Ohio. As a new agent entering the real estate industry in 2020, Janice Bradford found herself not only discovering her new path, but also accepting and inviting the challenges that were thrown at her. After becoming a licensed agent in January 2020, Bradford began working with Keller Williams Home Town Realty just five months later in June—motivated and ready to take on her Ohio market.

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How much income do you need to afford a $1M house?

The Mortgage Report

Find out how much income is needed to afford a $1 million house. The answer will vary based on your credit, down payment, and debts.

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Ask Brian: What are Some Good Winter DIY Projects for a Spring Sale?

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 Lance in Wisconsin: Hey Brian, it looks like it will be a long dark winter this year. My wife and I have already canceled the family gathering for Thanksgiving and anticipate the same happening with Christmas.

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BHHS California Properties Brings Together International Real Estate Panel at Annual Luxury Event

RIS Media

Luxury Specialists from Berkshire Hathaway HomeServices California Properties convened at the company’s annual Luxury Event virtually for the first time on Nov. 16. The panel of Berkshire Hathaway HomeServices network real estate experts from eight countries took to computer screens around the world, sharing marketing strategies and generating discussions on the outlook of the 2020 international and Southern California markets.

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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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Save The Date For The 2021 South Florida Fair

Waterfront Properties

Its official, The South Florida Fair recently announced its dates for the annual 2021 South Florida Fair. The South Florida Fair is one of the most anticipated events in Palm Beach County and next year the fair will be back and better than ever. The South Florida Fair Officials announced that the annual event will be held on January 15th through January 31st, 2021.

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The ‘Fresh Prince of Bel-Air’ House Isn’t Even in Bel-Air

Fancy Pants Homes

Almost 25 years after we said goodbye to Will, Jazzy Jeff, Carlton, Hilary, Aunt Viv, Uncle Phil, and Geoffrey the witty butler, HBO Max pleasantly surprised us with a heartwarming reunion episode that brought back a big part of the cast, in a highly familiar setting. Sitting down on a meticulously recreated Banks family living room set, the cast shared fond memories and walked us through the process of making the iconic show, leaving fans (myself included) with a longing to go back to a time wh

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What to Look Out for when Working with Cash Buyers

CT Homes

At face value, working with cash buyers should be easy and simple. Cash, As-Is, no appraisals… easy peasy! Unfortunately this is not always the case and working with cash buyers can be difficult. The good news is, knowing what to look out for when working with cash buyers BEFORE opening escrow can prepare you to save you time, frustration, and hair-pulling!

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Downtown Carlsbad is Cooking

BubbleInfo

Two downtown residential condominium buildings with a mixture of market-rate and affordable housing, ground-floor commercial space and underground parking got the go-ahead for construction last week from the Carlsbad City Council. The Carlsbad Station project will cover 1.76 acres of the city block between State and Roosevelt streets, north of Grand Avenue and a half-block […].

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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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10 Household Items That Become Dangerous After They Expire

Point2Homes

Image: l i g h t p o e t / Shutterstock.com. Some things lay hidden around the home for many years before you unearth them. Things like old cans of food, cleaning products, and even medicine may all look fine, but it’s important to check whether they’ve expired before you consider using them. Many household items can be dangerous if used after they’ve expired.

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How To Stay Warm While Working From Home This Winter—Without Spending a Fortune on Heating

Realtor.com

hoozone/Getty Images As the cooler weather sets in and people continue to work from home, keeping your home warm throughout the day has never been more necessary. But continuously running the heater can rack up a big heating bill. The U.S. Energy Information Administration projected that most U.S. consumers will spend more to heat their homes this winter than last year, as more people remain home to work and attend school due to the coronavirus.

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ERA REAL ESTATE EXPANDS NORTH CAROLINA PRESENCE WITH AFFILIATION OF THE NESTING GROUP

Realty Biz

ERA Real Estate, a global franchising leader within the Realogy family of brands, announces the affiliation of The Nesting Group today. The company, headquartered in Jacksonville, N.C., will now be known as The Nesting Group ERA Powered Real Estate. . The ERA Powered ® flexible branding option gives companies a choice to retain their local brand identity and benefit from the ERA ® brand’s full suite of learning, marketing and servicing resources.

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Registration Now Open for ‘Real Estate’s Rocking in the New Year’ 2021

RIS Media

RISMedia and NAR Teaming Up Again to Co-Present All-Day, Virtual Event. More than 30 of the industry’s leading brokerage firms, along with 10 of the most dynamic coaches and trainers, are collaborating with RISMedia and the National Association of REALTORS® (NAR), who are joining up again to co-present “ Real Estate’s Rocking in the New Year ,” an action-packed, full-day, virtual educational event, to help real estate professionals kick off the new year like a rock star!

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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.