Housing Wire

DECEMBER 10, 2020

Despite slightly higher Treasury yields, mortgage rates held steady at record lows this week, according to a survey by Freddie Mac. Rates remained at last week’s level of 2.71% for the 30-year fixed rate mortgage, according to Freddie Mac’s Primary Mortgage Market Survey. “Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which have recently been moving higher,” Freddie Mac Chief Economist Sam Khater said.

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Mortgages Fixed-rate mortgage Loans Closing 508

Keeping Current Matters

DECEMBER 10, 2020

If you’re one of the many homeowners thinking about taking your house off the market for the holidays, hang on. You definitely don’t want to miss the great selling opportunity you have right now. Here’s why this month is the optimal time to make sure your house is available for holiday buyers. The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale has dropped to an astonishing all-time low.

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Sales Marketing As-is Mortgages 279

Housing Wire

DECEMBER 10, 2020

Since the pandemic caused many employers to shift employees to working from home – some indefinitely – homeowners have left cramped spaces in large cities and retreated to more urban and rural areas with bigger homes at a lower cost. At the National Association of Realtors Real Estate Forecast Summit on Thursday, NAR’S Chief Economist Lawrence Yun explained that although many are working from home now, he doesn’t expect that change to be permanent.

Mortgages 496

Mortgages Sales Marketing As-is 496

Lighter Side of Real Estate

DECEMBER 10, 2020

It’s not unusual for homebuyers to admire a seller’s belongings. Chances are they may share similar taste—they bought the same house, after all! But some go as far as to ask that certain items remain with the home as part of the deal. It’s easy to imagine clients wanting to include mirrors, window treatments, and maybe even chandeliers—but some take it a step farther and make really bold requests.

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As-is 145

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Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. In October, home sales in Des Moines soared 34% compared to last year, with 1,547 sold properties compared to 1,150 in 2019, according to the Des Moines Area Association of Realtors.

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Marketing New Construction Construction Sales 441

Realtor.com

DECEMBER 10, 2020

fstop123/Getty Images Whether you’re buying your first home or your 11th, there’s one thing we all think about when it comes time to negotiate the deal: wiggling that pesky price down as much as possible. Of course, price is important when you’re buying a home. But it’s not the only negotiable part of the sale—there are plenty of other ways to haggle aside from list price.

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Closing costs Inspection Closing Rent back 142

Better Dwelling

DECEMBER 10, 2020

Not every Canadian that took a credit payment deferral needed one. Don’t let that fool you into thinking no one needed a payment deferral though. Royal Bank of Canada (RBC) data shows the number of expired payment deferrals the bank is carrying. The vast majority of people have resumed payments without problem. However, delinquencies are […].

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Banks Mortgages 134

Housing Wire

DECEMBER 10, 2020

Digital title company JetClosing is opening its fifth office in Austin. With the announced move to Austin, JetClosing now has offices in Denver, Las Vegas, Phoenix, Seattle and is active in Arizona, Colorado, Florida, Nevada, Pennsylvania, Texas and Washington. The cloud-based platform, headquartered in Seattle, used for closing on a home in-person or remotely, has seen an increase in use in 2020 with the demand for non-contact closings skyrocketing.

Earnest money deposit 403

Earnest money deposit Marketing Title Closing 403

The American Genius for Real Estate

DECEMBER 10, 2020

(ECONOMY) Why is there such a strong divergence in consumer confidence right now, and why is real estate a primary factor? The post Housing’s role in consumer confidence and the K-shaped recovery appeared first on The American Genius Real Estate.

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Housing Wire

DECEMBER 10, 2020

Airbnb shares more than doubled in its public debut on Thursday, per the Wall Street Journal, after opening trading at $146 on the Nasdaq Stock Market – higher than its initial-public-offering price of $68 a share. The opening trade valued Airbnb at $101.6 billion, versus its IPO valuation of roughly $47 billion. That makes Airbnb the biggest U.S.

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Marketing Equity Mortgages Loans 396

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.

Loans

RIS Media

DECEMBER 10, 2020

The real estate market is different during COVID-19 compared to what we have seen in the past. Homes are selling faster and for higher prices than ever before. With everything going on in the market, are you prepared to tackle the real estate market post COVID-19? This week, we had Rob Levy, a top REALTOR® out of Portland, Ore., and a practicing agent of 32 years, join us for our Secrets of Top Selling Agents webinar, where he shared some of his best tips and practices to managing the real estat

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Marketing Agents Development As-is 120

Housing Wire

DECEMBER 10, 2020

HomePoint , one of the largest wholesale mortgage originators and servicers in the country, has a new tech platform on offer for brokers. The Ann Arbor, Michigan-based firm said it has selected Appian ‘s low-code automation platform as the nerve center for its staff and participating brokers. The new technology platform, a graphical interface that reduces the need for hand-coding , enables HomePoint “rapid scalability and flexibility” to adapt to changing consumer needs while m

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Technology Lending Loans Development 376

Realtor.com

DECEMBER 10, 2020

Sarah Blesener for The Wall Street Journal The Covid-19 crisis is bringing a Great Reset to our cities, suburbs and communities. Not just the health crisis—the economic and fiscal crises emerging in its wake, and the wave of protests for racial and economic justice that has swept up alongside it, are altering the way we live and work in powerful ways.

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Commercial Industrial As-is Technology 116

Housing Wire

DECEMBER 10, 2020

We all know the story. Amidst a widespread and imprudent weakening of credit standards and a complete failure by the credit rating agencies to properly assess risk, the housing finance market imploded in 2008. Probably the biggest wipeout was in the then privately owned mortgage securitizers, the GSEs , where every one of their mortgage-backed securities carried an implicit federal guarantee.

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Finance Mortgages Marketing 369

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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.

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Better Dwelling

DECEMBER 10, 2020

Canadian millennials are doing much worse than the previous generation. New Statistics Canada (Stat Can) data shows millennials make much more than Gen X did at their age. Despite significantly higher wages, they pay much more than the last generation did for basic necessities. That’s further complicated by the fact they also pay more in […].

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Mortgages 114

Housing Wire

DECEMBER 10, 2020

As interest rates continue to stay well below 3% with no end in sight, lenders are faced with consumer demand from all corners of the housing market. From refis to first-time-homebuyers in the beginning stages of their search, consumer interest has certainly been piqued by low rates and is only growing stronger. To help lenders navigate through a sea of refis and potential purchases, fintech companies like Jornaya are adding value by providing behavioral data that informs lenders when their cons

MLS 296

MLS Branding Mortgages Technology 296

RIS Media

DECEMBER 10, 2020

CoreLogic® recently released the Home Equity Report for the third quarter of 2020. The report shows U.S. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen equity increase by 10.8 percent year-over-year, representing a collective equity gain of $1 trillion, and an average gain of $17,000 per homeowner, since the third quarter of 2019.

Equity 109

Equity Mortgages Renovation Construction 109

Housing Wire

DECEMBER 10, 2020

Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement to acquire eOriginal for approximately €231 million ($280 million) in cash, officials said. eOriginal is a leading provider of cloud-based digital lending software. “Borrower preferences, competition among lenders, and changing regulations are driving increased digitization of the lending workflow. eOriginal is well-positioned to take advantage of these systemic trends,” said Steven Meirink, executive vice president a

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Lending Loans Banks Finance 219

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.

Agents

Realtor.com

DECEMBER 10, 2020

Robert Kamau/GC Images, Kevin Mazur/Getty Images, Albert L. Ortega/Getty Images Thanks to the global pandemic, many of us spent way more time at home in 2020. And guess what—stars are just like us! (Some of them, anyway.). However, A-listers also took advantage of the down time to browse for luxury real estate. For some of the biggest stars, the need to shelter in place inspired a desire for larger, more opulent abodes with tricked-out amenities, parklike grounds, and resort-worthy extras.

Land 108

Land Renovation As-is Closing 108

Maximum Exposure Real Estate

DECEMBER 10, 2020

What to Know About Credit Karma Have you ever wondered what Credit Karma is and how it works? Maybe you have seen their advertisements on television? Your credit score is one of the most critical pieces of financial information, especially when buying a home. For a long time now, creditors and lenders have used your […]. The post Credit Karma: What Is It and How Does It Work Including Video appeared first on Massachusetts Real Estate Exposure.

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Waterfront Properties

DECEMBER 10, 2020

Picking a favorite dessert seems like a nearly impossible task, but somehow every state in the US has managed to have a different favorite listed as their state’s dessert. Some remain loyal to the original classics like sugar cookies, peppermint paddies, hot chocolate, and gingerbread cookies while other states prefer a non-traditional holiday dessert.

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As-is 105

The American Genius for Real Estate

DECEMBER 10, 2020

(REAL ESTATE) It's that time of year again - holidays distract and procrastination sets in, so here's how to refocus your team before they are led astray by the calendar. The post Refocusing your team before the year is over appeared first on The American Genius Real Estate.

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Brokerage 105

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.

Agents

Waterfront Properties

DECEMBER 10, 2020

The Coastal Conservation Association of Florida had an awesome “turnout” for their 2nd Annual Statewide Beach Cleanup this year by using an online app and a tournament layout. The cleanup is run similar to a fishing tournament, but instead of submitting fish, participants submit their trash collections The event was managed through the iAngler Tournament App and website, and for each 5 gallon bucket of trash uploaded, participants received one entry for raffle prizes including Costa Sunglasses,

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RIS Media

DECEMBER 10, 2020

This article is the second in a series on effectively implementing new technology at the brokerage level. You can find Part One here. Real estate broker/owners face increasingly tight margins, forcing many to tighten their belts and be more strategic about their investment decisions. But one thing in life is certain: change. And if your brokerage doesn’t adapt to change, you’re at risk of losing new business and agents to your competition.

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Brokerage Technology Design As-is 104

Realtor.com

DECEMBER 10, 2020

realtor.com Listing agent Mark Icuss has seen his share of jaw-dropping interiors at penthouses and luxury homes in the two markets he handles— Chicago and Jackson Hole, WY —but a new listing sits at the apex. Literally. Owned by only three families since it was built in 1928, this 8,000-square-foot penthouse is perfectly positioned on North Lake Shore Drive in downtown Chicago, with commanding views of Lake Michigan.

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Design Agents Sales Marketing 102

The Mortgage Report

DECEMBER 10, 2020

Current list of government and private relief programs to help homeowners and renters economically affected by COVID-19.

Mortgages 124

Mortgages 124

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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.

Agents

Brownstoner

DECEMBER 10, 2020

An affordable housing lottery has opened for a whopping 125 newly constructed units in a 12-story building at 405 Dumont Avenue in Brownsville. The building, known as Van Dyke III, is part of the Van Dyke Houses campus. Of the affordable apartments, there are 18 studios, 52 one-bedroom units, 33 two-bedroom… Read More > The post Affordable Housing Lottery Opens for 125 Units in Brownsville, Starting at $367 a Month appeared first on Brownstoner.

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Construction As-is Marketing 100

Eye on Housing

DECEMBER 10, 2020

In the week ending December 5, weekly initial jobless claims increase to 853,000, the highest level since mid-September. Continuing claims, which lag initial jobless claims by one week, ticked up for the first time after twelve consecutive decreases. There is no doubt that the labor market is recovering from the COVID-19 pandemic gradually. However, increases in both initial jobless claims.

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Marketing 99

BubbleInfo

DECEMBER 10, 2020

We’ve heard for years now that the inventory is low. For the casual observers, it’s a discouraging thought – but it’s not as bad as it sounds. There have been plenty of homes for sale this year, and in 2020 we could post the highest number of NSDCC sales in history… during a pandemic! For everyone’s […]. The post Low Inventory, Defined appeared first on bubbleinfo.com.

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Sales As-is Agents Marketing 98

The American Genius for Real Estate

DECEMBER 10, 2020

(REAL ESTATE TECH NEWS) With this easy to use blogging tool, you can write and format your post in Google Docs, and then publish directly to WordPress with no fuss. The post Intimidated by learning a blogging tool? Doc2Press bridges the gap appeared first on The American Genius Real Estate.

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Technology Marketing 98

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.

Sales