Wed.Oct 28, 2020

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Refis lead the way as mortgage applications rise 1.7%

Housing Wire

After two weeks of slight declines , mortgage applications regained their footing last week, rising 1.7% from the week prior, according to a report from the Mortgage Bankers Association. The refinance index led the rebound after it gained 3% from the previous week, however, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting, refinance activity has been somewhat volatile over the past few months.

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Buyer Interest Is Growing among Younger Generations

Keeping Current Matters

The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), explains : “ Home sales traditionally taper off toward the end of the year, but in September they surged beyond what we normally see during

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Ex-Zillow execs raise $40M in seed round for mysterious digital mortgage startup

Housing Wire

Tomo Networks , a Connecticut-based digital mortgage startup, just picked up $40 million in a seed round as it mobilizes to build a compelling product in an increasingly crowded market. . Founded by ex- Zillow executives Carey Armstrong and Greg Schwartz, Tomo says it will offer a platform to streamline home buying for both the consumer and their real estate agent. .

Mortgages 442
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9 Surprising Things Home Insurance Doesn’t Cover: Do You Know Them All?

Realtor.com

tiero / Getty Images Whether your home is hit by lightning, hail, or some other calamity, you’ll be awfully glad you have a home insurance policy in place to help foot the cost of repairs. Yet while homeowner insurance typically covers a variety of common hazards that can befall your home, don’t get too confident, because it may not cover every mishap that may come your way.

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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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CoreLogic confirms it is entertaining offers to sell at or above $80 per share

Housing Wire

After months of fending off an unsolicited takeover bid by two of its significant investors, CoreLogic today confirmed that it is looking for a buyer. “In light of recent market speculation, CoreLogic today confirmed it is engaging with third parties indicating preliminary interest based on public information in the potential acquisition of the Company at a value at or above $80 per share,” the company said in a press release Wednesday.

Investor 349
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The Biggest Myths About Moving to the Suburbs—Busted

Realtor.com

nadia_bormotova/Getty Images For generations, people have been drawn to big-city life by the irresistible lure of career opportunities, cultural riches, and the sheer excitement of rubbing shoulders with hundreds of thousands—even millions—of people doing varied and interesting things. Then came the COVID-19 pandemic, and suddenly, those tiny apartments, public transportation, and crowded public spaces lost their appeal.

As-is 131

More Trending

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Some Buyers Perceive an Improvement in Housing Affordability

Eye on Housing

For some home buyers, housing affordability improved in the last 12 months. According to the Housing Trends Report for the third quarter of 2020, 27% of buyers report being able to afford half or more of the homes available for-sale in their markets. A year earlier, that share was 20%. The increase is an indication that lower mortgage rates have. Read More › The post Some Buyers Perceive an Improvement in Housing Affordability first appeared on Eye On Housing.

Mortgages 109
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How COVID-19 has impacted NextGen homebuyers: Key findings from a recent study

Housing Wire

Millennials have not had the best luck when it comes to the economy. As the generation that graduated with record amounts of student loan debt and a poor job market, it’s no surprise that they have also been hit the hardest financially by the pandemic. According to a survey by Edward Jones and Age Wave , roughly a third of millennials and Gen Z have experienced an extreme or very negative impact on their financial security as a result of COVID-19, nearly double that of baby boomers.

Loans 336
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To-do list tips to maximize productivity and lower stress

The American Genius for Real Estate

(EDITORIAL) Even if you have a to-do list, the weight of your tasks might be overwhelming. Here’s advice on how to fix the overwhelm. The post To-do list tips to maximize productivity and lower stress appeared first on The American Genius Real Estate.

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COLDWELL BANKER REAL ESTATE “TRANSPARENT REBRAND” WINS 2020 MARCOM PLATINUM AWARD

Coldwell Banker

International marketing competition recognizes the company’s rebrand as standout marketing strategy. The post COLDWELL BANKER REAL ESTATE “TRANSPARENT REBRAND” WINS 2020 MARCOM PLATINUM AWARD appeared first on Coldwell Banker Blue Matter.

Marketing 107
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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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Brooklyn Children’s Museum Will Celebrate Reopening With a Socially Distanced Halloween

Brownstoner

The Brooklyn Children’s Museum finally opened its doors to youngsters on weekends starting Saturday, October 24 after remaining closed since the onset of the coronavirus pandemic. After locking down on March 14, the museum will host a socially distanced Halloween celebration on October 31 on its 20,000-square-foot roof. Kids will have… Read More > The post Brooklyn Children’s Museum Will Celebrate Reopening With a Socially Distanced Halloween appeared first on Brownstoner.

Closing 105
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An Axe to Grind in Jupiter

Waterfront Properties

Get primitive now that the popular Boynton Beach axe-throwing bar ‘Game of Axes’ has opened another location in Jupiter. The popular theme entertainment center and restaurant/bar is in Publix shopping plaza on 10160 W. Indiantown Road. If you have had an axe to grind with someone, here is the perfect place to settle the score What is all the “axe-citement” about you ask?

As-is 102
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The Restful Beauty of the Cemetery of the Evergreens

Brownstoner

Editor’s note: This story is an update of one that ran in 2012. Read the original here. Like the much larger and more famous Green-Wood Cemetery, The Cemetery of the Evergreens, as it is officially called, is one of our borough’s great park cemeteries; a place where people went to not… Read More > The post The Restful Beauty of the Cemetery of the Evergreens appeared first on Brownstoner.

As-is 100
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Mortgage and refinance rates today, October 28, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. And conventional loans today start at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. Mortgage rates would be lower […].

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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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Daily Links: Empty Storefronts on Park Slope’s 5th Avenue Have Doubled Due to COVID-19

Brownstoner

In the News How Nitehawk and Other Small Cinemas Are Hanging On [NYT] 20-Year-Old Tourist Killed by Stray Bullet in Bushwick [NYT] Le Crocodile in the Wythe Hotel Opens for Private Dining [NYT] In Brooklyn and Beyond, Roommates Make a Comeback [NYT] De Blasio Waits in Long Line to Vote in Park Slope, Quickly Gets… Read More > The post Daily Links: Empty Storefronts on Park Slope’s 5th Avenue Have Doubled Due to COVID-19 appeared first on Brownstoner.

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What is a Modular Home: Things to Know About Prefab Houses

Realty Biz

What to Know About Modular Home Construction. Are you considering purchasing a modular home? Modular homes offer many advantages over traditionally constructed houses, but not many people consider living in this type of housing. In fact, only around 16% of residential property in America are prefab homes, but this is changing. There are many advantages to a modular home , as well as some downsides; let’s take a closer look.

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U.S. Home Prices Rise at Fastest Pace in Two Years

Realtor.com

Frederic J. Brown/AFP via Getty Images The numbers: The S&P CoreLogic Case-Shiller 20-city price index posted a 5.2% year-over-year gain in August, up from revised 4.1% in the previous month, according to a report released by S&P Dow Jones Indices on Tuesday. The gain was in line with expectations of Wall Street economists surveyed by Econoday.

Finance 90
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Surviving the Real Estate Off-Season

McKissock

Are real estate sales slow during the chillier months? It doesn’t mean your real estate business can hibernate, too. Slow periods can provide you with significant opportunities to improve your marketability, expand your client base, and grow as a real estate salesperson. Not to mention, pursuing these opportunities will prepare you for when the real estate market bounces back in the spring and summer.

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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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October Sales & Pricing, Preliminary

BubbleInfo

Here’s the first look at this month’s sales: NSDCC October Sales & Pricing Year # of Sales Avg $$/sf Median SP 2012 189 $382/sf $765,000 2013 276 $494/sf $961,750 2014 263 $463/sf $965,000 2015 234 $473/sf $1,055,000 2016 283 $523/sf $1,075,000 2017 262 $533/sf $1,194,250 2018 241 $569/sf $1,380,000 2019 247 $605/sf $1,400,000 2020 304 […].

Sales 83
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Appraiser organizations team up to combat bias

Realty Biz

The Appraisal Institute said last week it’s partnering with organizations including the American Society of Appraisers, the American Society of Managers and Rural Appraisers and the Massachusetts Board of Real Estate Appraisers to support the development of new industry training that aims to eliminate unconscious bias in their evaluations of homes. “Acknowledging that bias exists is but one small step,” said Lorrie Beaumont, president of the American Society of Appraisers International, in a sta

Loans 80
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10 mansions for sale in Vancouver

Zolo

Check out the luxurious digs of these 10 large-scale homes for sale. The post 10 mansions for sale in Vancouver appeared first on Zolo.

Sales 91
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Meet the Real Estate Tech Entrepreneur: Orla Shields from Kamma

GeekEstate

In our latest real estate tech entrepreneur interview, we’re speaking with Orla Shields, CEO & Co-founder of Kamma. Without further ado… Who are you, and what do you do? I’m Orla Shields, CEO & co-founder of Kamma – the global search engine for local legislation. Our unique technology targets areas of fluctuating, complex, and messy local legislation, to harness it into clean, usable data sets for leverage at scale.

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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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Figure Review for 2020

The Mortgage Report

Figure review showing how the company compares to other major lenders for mortgage rates, customer service, and loan options.

Loans 93
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CoreLogic: YoY Decrease in Mortgage Fraud Risk in Second Quarter of 2020

RIS Media

CoreLogic® recently released its latest Mortgage Fraud Report. The report shows a 26.3 percent year-over-year decrease in fraud risk at the end of the second quarter of 2020, as measured by the CoreLogic Mortgage Application Fraud Risk Index. This marks the second year of substantial decreases in risk. Throughout the second quarter of 2020, an estimated one in 164 mortgage applications, or 0.6 percent of all applications, contained indications of fraud, compared with the reported one in 123 mor

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Get out Lake Trail, Palm Beach

Waterfront Properties

Get outside and get some exercise. Bike, run or walk the Lake Trail in Palm Beach. The Lake Trail travels from the south end of the Australian Docks at the Royal Palm Bridge at Southern Blvd and travels north, past the Flagler Memorial Bridge for several miles. It is a great walk, jog, or cycling trail. The Lake Trail features a few spots for fishing as well as just sitting under a tree and reading a book.

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Mortgage Applications Increase in Latest MBA Weekly Survey

RIS Media

Mortgage applications increased 1.7 percent from one week earlier , according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 23, 2020. The Market Composite Index, a measure of mortgage loan application volume, increased 1.7 percent on a seasonally adjusted basis from one week earlier.

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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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Wednesday’s “Don’t Do” List!

Toronto Realty Blog

TorontoRealtyBlog. Thirteen years, four months, and two thousand six hundred eighty-nine blog posts… And after all this time, often the content comes directly to me. Whether it’s an agent working in the GTA, or a loyal blog reader, or a person I’ve never met in my life, every once in awhile, I get an email with a subject line reading, “For Your Blog.” A lot of these are for the “MLS Musings,” as I often mention in these posts.

Agents 71
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FHFA Finalizes Strategic Plan for 2021-2024

RIS Media

The Federal Housing Finance Agency (FHFA) recently issued the FHFA Strategic Plan: Fiscal Years 2021-2024. The Strategic Plan establishes new goals needed for FHFA to fulfill its statutory duties, which include responsibly ending the conservatorships of Fannie Mae and Freddie Mac. FHFA carefully reviewed all comments submitted on the Plan. The Agency fulfilled one of the most common comment requests on Oct. 19, when it released a proposed rule on new Enterprise products and activities ?.

Finance 78
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New Orleans Saints QB Drew Brees Selling $2.05M Townhome on Kauai

Realtor.com

realtor.com, Jonathan Bachman/Getty Images New Orleans Saints quarterback Drew Brees is looking to pass his townhome in Princeville, HI, to a buyer for $2.05 million. The Super Bowl champ is no stranger to the real estate game. Purchased in 2007 for $2.26 million, the condo on the lush island of Kauai offers three bedrooms and 3.5 bathrooms spread across 2,864 square feet.

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Berkshire Hathaway HomeServices Announces Addition of First Hawaii Island (Big Island) Location

RIS Media

Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real estate brokerage franchise networks, recently announced its first franchised office on Hawaii Island. The independently owned and operated real estate office will operate as Berkshire Hathaway HomeServices Hawai’i Island Properties. The Hawaii Island entity was developed by Berkshire Hathaway HomeServices Maui Properties, an established network member since 2014. “As the only current Berkshire Hathaway Hom

Land 77
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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.